Unemployment Rate

Barack Obama After Six Years In The Presidency: On Way To Top Ten Of Our 43 Presidents!

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As 2014 ends, Barack Obama is finishing his sixth year in the Presidency, and will officially mark that milestone on January 20, when he delivers the State of the Union Address to a joint session of Congress, controlled by the Republican Party, which has stood in his way, has been a constant barrier to anything Obama proposes, and hates the ground he walks on. Conservative talk radio and Fox News Channel, and conservative think tanks, would not be happy no matter what Barack Obama does or says. And there is a strong level of venal hate, very dangerous, that puts the President in the cross hairs of a potential threat to his life on a daily basis.

But despite all that, President Barack Obama has a record in office to be proud of, not perfect in any sense, but still outstanding enough to have a chance to end up in the top ten of our Presidents, if not immediately after leaving the White House, over a generation or more as time passes, and passions calm down, and particularly after Obama has passed away, an opportune time to reconsider the legacy of any President, particularly one so much maligned in his time!

The list of Obama accomplishments is endless, but key points include:

The adoption of ObamaCare, which will be seen as transformative over time, as much as Social Security and Medicare.

The successful tracking down and elimination of Osama Bin Laden, the perpetrator of September 11, 2001.

The ending of US military engagement in both Iraq and Afghanistan, two wars that were unwise to conduct in the first place.

The revival of the American economy, with 11 million jobs created; the unemployment rate below six percent; the greatest economic expansion since the Bill Clinton Presidency; the smallest increase in the deficit for the past decade; the 150 percent increase in the stock market; the lowest gas prices in five years; and the revival of the domestic auto industry.

The appointment of two Supreme Court Justices–Sonia Sotomayor and Elena Kagan, and some exceptional cabinet appointments, plus the best Vice President in American history, Joe Biden.

The promotion of gay rights and gay marriage, insuring the end of discrimination based upon sexual orientation.

The advancement of environmental concerns, including dealing with global warming and climate change.

The promotion of a tolerant attitude toward immigration reform.

The establishment of a new relationship with Cuba after 50 years of a failed policy.

The promotion of labor rights in a time when labor has been under attack.

The protection of women’s rights against right wing attempts to undermine the advancement of women in all spheres of American life.

The avoidance of engagement in new wars, which the right wing is always itching for.

The courage of Obama to go after terrorists in a way that limits US military involvement, but effectively has killed more terrorists than George W. Bush.

President Barack Obama was the the right person for his time, and will be seen as that in history. He has met racist attacks by refusing to show anger, but instead class and dignity! He has admitted failure, but also has confidence in the morality of his cause. Considering the extreme opposition he has faced, what he has accomplished is miraculous beyond belief.

Despite having presided over the rapid decline of Democratic majorities in both houses of Congress by vicious attacks and massive spending by right wing billionaires, he has made it clear that he will use executive orders to do what he feels must be done in the last two years of his Presidency. The right wing Supreme Court, with its Citizens United Case in 2010, and the lackadaisical attitude on voting of many Democratic constituent groups, has contributed to this decline in Democratic Party strength, but Obama has reacted by making clear that it will not deter his plans to make the nation a place better for the middle class and the poor.

President Barack Obama will NOT allow the prevention of further improvement of the New Deal and Great Society, and he is much to be admired, as a credit to the office he holds!

Alternate Universe Of The Right Wing On Barack Obama And The Economy

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The Right Wing on talk radio and Fox News Channel, and the Republican Party nationally and locally, demonize Barack Obama on every subject imaginable, including the economy.

At the same time, the following is reality:

The stock market is at its all time high, about 150 percent above what it was when Barack Obama became President six years ago.

The unemployment rate is the lowest since the beginning of the Great Recession under George W. Bush in 2008, and millions of jobs have been created, with the number of jobs lost all regained, and new additional jobs created, and starting to be better paid jobs.

The increase in the deficit on the annual budget is the lowest it has been since the Bill Clinton Administration.

Ten million more people have health care now, due to the expansion of Medicaid and the adoption of ObamaCare, and health care costs have decreased for many.

The price of gasoline is the lowest in five years.

We have seen record corporate earnings in the pasty year.

Economic Growth, at five percent in the third quarter, is the highest since 2003.

The Obama public opinion rating shot up four points last month, the highest in nearly two years.

America has a positive view of the economy for the first time since 2007, when the economic decline began, and accelerated rapidly.

Considering that the Republican Party controlled the House of Representatives for 16 of the past 20 years, and the Senate for 13 of the previous 20 years, it is clear that Barack Obama has presided over a growing economic boom, as occurred under Bill Clinton, but did not under George W. Bush!

What The Midterm Elections Will Tell Us About America And Its Future!

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We are now three days away from the Midterm Elections of 2014, and any political junkie is, by this time, worn out, and sick and disgusted at the constantly changing public opinion polls and the projections on Governorship and Senate races.

America has a choice to make, whether to move forward, and have a compassion and concern about those less fortunate, those who have been subjected to discrimination, those who simply want acceptance and respect, those who want a piece of the “American Dream”, and those who want to restore the middle class, which reached its peak in 1973, and has been in rapid decline since then.

If the Democrats lose the Senate and fail to throw out most of the seven Tea Party Governors who have been a nightmare to their states, then we have become, without any doubt, a nation moving toward the Gilded Age of the late 19th century, an American where racial minorities and immigrants were mistreated in horrible ways, women were second class citizens, and there was a monopoly of wealth and power by the elite wealthy over society, including exploitation of working people not treated with respect, and promotion of lower pay for women, exploitation of child labor, and the wholesale perpetrating of long lasting degradation of the environment.

It will also demonstrate that lack of knowledge, lack of education, lack of common sense, lack of caring about anyone other than oneself and close family and friends, leads to a reactionary society where there are no values other than greed and selfishness, and yet the victims in the long run are not just “others”, but these ignorant people who vote against their own advancement and welfare!

It is normal for a midterm election to promote some losses for the party in the White House, but to give the Republican Party massive rewards for obstruction, narrow mindedness, refusal to do what is good for the nation, and the promotion of pure hate, would be a sign of the failure of American democracy.

It would tell us that the goal is to confuse and divide the nation, while a small elite enriches itself and promotes wholesale destruction of the 20th century–including the New Deal and Great Society!

It would tell us that having provided millions with health care who never had it; has lowered the unemployment rate to the lowest since the Great Recession; has seen the stock market more than double; has eliminated Osama Bin Laden from the earth; has seen gasoline prices lower than in the past four years; has seen the deficit lowered by two thirds; has provided a Consumer Financial Protection Bureau; and has done so much to make lives better in many other ways, has failed to convince Democratic and Independent voters that it is worthwhile to fight for what they believe in, rather than just sit home and let the enemy of all this take over, all based on lies and talk radio and Fox News propaganda!

If the Democrats lose, a lot of the blame will be on Democratic office holders unwilling to defend the record they have achieved and to defend Barack Obama, and instead to allow fear and panic and anarchy and hate and prejudice take over the American psyche, and allow a party with no ideas and no ethics or morality to govern us, and take us down hill as they have done so often in the past!

Barack Obama Success Versus The Public Opinion Polls

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Barack Obama has been the most successful President in economic affairs in modern times, surpassing Bill Clinton and Ronald Reagan.

So says the conservative journal FORBES, and who is to argue with them coming up with this conclusion?

Obama has presided over the greatest stock market growth in American history, but also has seen tremendous economic expansion and creation of jobs not seen since the Clinton Administration.

Of course, unemployment is still 6.1 percent and many people have dropped out of the job market, and unemployment compensation has not been extended.

And of course, the minimum wage has not been increased, and should be, if based on the cost of living, would be triple what it is now–$7.25 an hour!

Infrastructure spending is essential, but has been prevented by the Republican Party.

The point is that despite the inherited Great Recession, Barack Obama has done miracles on the economy, and has succeeded in killing more Muslim terrorists than anyone else, including Osama Bin Laden and Libya’s dictator, Muamarr Gaddafi.

And yet, despite all this and much more, recent public opinion polls show a low point in the 30s for Obama, including one third disillusioned Democrats.

But it is clear that these polls are not to be relied on or believed, and it is obvious that those polled do not understand what has happened, and are clueless as to public affairs, and are more reacting to the right wing attacks on Obama, rather than using their own intellectual abilities.  It is scary how a large portion of the nation is ignorant, and ill informed!

The Reality Despite Quinnipiac Poll: Lowest Unemployment Rate And Highest Job Growth Since 2008!

Ronald 1 Comment

The Quinnipiac Poll may show Barack Obama to be the worst President since 1945, but it is clearly an outlier, and should be totally ignored.

The facts are that we have just learned that the unemployment rate is now, at 6.1 percent, at the lowest since September 2008, and over the past five months, more than a million jobs have been created, and last month, 288,000 jobs were created, the most in any month since the end of 2008.

So Barack Obama has succeeded in taking us out of the worst conditions of the Great Recession of George W. Bush. Additionally, the economic growth is really taking off, according to economists, the fastest growth in the first half of the year since 1999.

This has occurred despite constant obstructionism and refusal to cooperate of the Republican Party in Congress, and the only reason that wages are not higher, and the middle class and the poor are still in crisis, is due to their refusal to cooperate in creation of infrastructure jobs, raising the minimum wage, and extending unemployment compensation. So private sector jobs have been created in larger numbers than any previous President, but public sector jobs have become victim to the machinations of John Boehner, Mitch McConnell, et al.

But the Republicans are failing to prevent great progress, including the highest stock market finish in history today, and they will pay for this at the midterm election, as the Democrats can now say that the economic policy of Barack Obama is working, and that will motivate more Democrats and Independents to come out and vote in the midterm Congressional elections and the state elections.

If prosperity continues, by the time Barack Obama finishes his Presidency, he might be seen as one of the great Presidents on the issue of revival of the economy, and without a major war, which helped Franklin D. Roosevelt to push us out of the Great Depression after an equivalent six long years!

Lowest Unemployment Rate In Five Years: A Big Plus For The Democrats In 2014 Midterm Elections!

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There has been steady growth of employment over the past four and a half years, and the new employment report shows that the unemployment rate, now 7 percent, is at its lowest in five years! Over 203,000 jobs were created, more than was expected. This is bound to help the Democrats in the 2014 midterm elections coming up next November.

This is great news, although there is much to do for those still unemployed, and for those with minimum wages in an economy where the remnants of the Great Recession still lurk.

It is essential that public works jobs be created to rebuild the infrastructure of this nation, and that the minimum wage be raised, so that it is worth at least what it was thirty years ago, now down by more than 30 percent in purchasing power.

But since almost one third of all minimum wage workers are parents, and there are so many single mothers with children who work at such places, and including Walmart and McDonalds and other such establishments, it is unconscionable to have these workers have to depend on food stamps and Medicaid, when their companies should be responsible for a living wage. Taxpayers are paying the price, when it would be better that consumers possibly pay more at these companies, but the workers know their employers care about them and their ability to survive!

And the argument that raising the minimum wage will cut jobs is pure bull, as that has not happened in the past!

And if consumers must pay a dollar more for fast food, or items at Walmart or McDonalds, so be it, as everyone, no matter what his or her station in life, is entitled to a living wage, and human dignity and respect!

The REAL Issues Of 2012 That Are Being Ignored In The Presidential Campaign

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If one follows the Presidential campaign of 2012, one would think that ONLY the economy matters.

YES, the economy matters, but the newest jobs report demonstrates that this nation is on the mend, and that over the next Presidential term, the economy will recover, with some experts saying that up to 12 million jobs will be created, whether Barack Obama or Mitt Romney wins the White House on Tuesday.

Others would say the danger of Iran is the major issue, but even on that, it is clear that both Obama and Romney would react similarly to an actual Iranian attack on Israel or any other part of the Middle East.

So the REAL issues are not the economy or Iran!

Instead, they are the following, although ignored in campaign rhetoric:

Climate Change or Global Warming—the reality of it, as demonstrated yet again by Hurricane Sandy, and the need to take the lead in moving away from oil and coal as the major energy resources. But, of course, Republicans and conservatives deny the reality of this threat, and the oil and coal industries do everything they can to protect themselves at the expense of the nation in the long run.

Gun Violence—as demonstrated by what happened so many times in the past few years, including Tucson, Arizona in 2011 to Congresswoman Gabrielle Giffords; the mass murders in the Aurora, Colorado movie complex in 2012; the constant murders in cities such as Chicago, often ignored because the victims are African Americans; and so many other cases. And again, the Republicans and conservatives fight any type of gun control, and allow the National Rifle Association to hold America hostage.

Education—the dire need to promote more people attending and graduating four year colleges and universities. Many would say that having a four year degree does not guarantee that one gets the job he wants or needs. While that is true, the unemployment figures make clear that those with a four year degree or more have an unemployment rate under FOUR percent, while those with less education or dropping out of school have an unemployment rate of TWELVE percent! Is there any evidence other than this to convince parents and children of the urgency of getting an education through a four year degree? And besides, there are intangibles other than just getting a degree for a job, such as improving one’s basic skills of reading, writing, and speaking, and improving one’s mind and knowledge; making one a better person in social situations and parent situations; and raising people up from ignorance, conspiracy theory beliefs, and over reliance on religious doctrine, which unfortunately makes many people unwilling to reason for themselves, and just accept gospel as absolute fact. And of course, Republicans and conservatives argue against extra funding and assistance for education, and would prefer to lean on organized religion to “control” the masses, keep them ignorant, and willing, therefore, to accept ideas without questioning or challenge!

The Supreme Court—not understood by many for the important role it plays, and will continue to play, and the urgency of having a President who will select nominees who wish to look to the future, and not the past, and prevent regression politically, socially, and economically back to the Gilded Age and the 1920s. The Republicans and conservatives and Mitt Romney want more Antonin Scalias, Clarence Thomases, and Samuel Alitos, to insure that we go backward for the next 30 years! So the election of Barack Obama is urgent for the future of constitutional law and the preservation of the advancements of the Earl Warren and Warren Burger Supreme Courts.

These issues mentioned above SHOULD be understood before people, who have not voted before Tuesday, vote for our next President, and the best decision for any sane individual is to vote for the candidate who represents a willingness to deal with the future, President Barack Obama!

The Republicans And The Economy: A Losing Issue, Ultimately!

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The Republican Party, and their Presidential team of Mitt Romney and Paul Ryan, love to say that we are NOT better off than we were four years ago, without pointing out that they have prevented any legislation to create jobs, and have done everything possible in their states of control to cut the number of teachers, firefighters, police officers and other public employees, therefore keeping the unemployment rate above 8 percent.

The fact that 4.5 million jobs have been created under Barack Obama, more than under eight years of George W. Bush, is ignored!

The fact that the stock market has reached an all time high, and doubled from its low point in 2009, is ignored!

The fact that the inflation rate is very low is ignored!

The fact that the corporations are doing well, and sitting on trillions of dollars of available capital for investments, as a ploy to defeat Barack Obama for wanting to regulate, and tax them at a higher rate as they were in the past, is ignored!

Public opinion polls make clear that while the American people are not happy with the economy, they trust Barack Obama to care more about them and their future, than they do Mitt Romney, the guy who actually laid off people at Bain Capital, and accumulated vast wealth at the expense of the American economy, and thinks that middle class people make $200,000-$250,000 a year, demonstrating that he has no clue as to the life of the average American!

And even worse, he and Paul Ryan do not give a damn about the average American–whether senior citizen, college student, African American, Hispanic-Latino, women, the poor, or working class white!

The Republican Party is flailing, and no intelligent person is listening to their arguments on the economy!

Eleven Years Since September 11: What It Has Done To America

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Eleven years ago, on a bright, sunny New York morning, just as today it is in New York, and on the same day of the week, Tuesday, America was struck by Al Qaeda and forces backed by Osama Bin Laden, causing the deaths of about 3,000 people at the World Trade Center, along with those slaughtered at the Pentagon in suburban Virginia, and those on the plane bound for the US Capitol or the White House, and forced into a crash by its courageous passengers in Shanksville, Pennsylvania.

This is a day of commemoration and mourning for the loss of life, plus the deaths of over 6,000 Americans in unsuccessful wars in Afghanistan and Iraq since then, and the nearly 50,000 young men and women wounded, many of them severely, as a result of those wars.

We also mourn the loss of innocence that we had, that somehow, as the super power of the world, we were immune from such a shocking attack, and the sense of insecurity that it brought upon all of us.

Our lives have been transformed in so many ways that we can never reverse, and we can say that we have become ever more divided in the years since, politically, economically, and socially, and that we have a divided America more so now than ever since the Civil War and Reconstruction period in the middle to late 19th century.

We are a more stratified society economically, and we have become, more than ever, a nation of the coastlines versus the massive interior, a nation of blue versus red in political terms, and our country is rapidly changing in a way that worries us about the future, as to whether there is the potential for internal violence in the future, that might make the terrorism of September 11 seem like something minor, as compared to what could happen between the sections of the nation, the religious groups, the racial groups, the age groups, the gender groups, and the cultural groups that make America a complex nation in the 21st century.

Imagine going back to the year 2000, before the divisive Presidential Election of 2000, at a time when most Americans had never heard of Osama Bin Laden; when the World Trade Center dominated the Manhattan skyline; when there was no Facebook, Twitter, or Steve Jobs technology; when unemployment was only 3.9 percent; when the national debt was only $5.7 trillion; when gasoline was only $1.79 a gallon; and when the previous year, the biggest controversy was Bill Clinton’s sex life and his impeachment trial.

As America was entering the new century, we were extremely naive, worrying more about the effects of “Y2K” on computers, than the reality of what we were going to face in the first decade of the 21st century, which has worsened the outlook for America’s future in a dramatic way.

Oh, for the “good old days!”

Economic Reality: 4.2 Million Jobs Lost In First Year Of Obama Presidency Totally Recovered, But Public Sector Jobs Down 600,000 Due To “Bully” Republican Governors!

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Barack Obama came into office during a total hemorrhaging of the job market, due to the Great Recession that began in December 2007.

Therefore, there continued to be a loss of jobs for the first year of the Obama Administration, but that total lost, 4.2 million, has, as of this month, been totally regained, and now we are in positive territory, after 26 months of job growth, with the unemployment rate down to 8.1 percent, from 8.7 percent six months ago,and a high of 9.7 percent in early 2010.

This recovery is miraculous, and only marred somewhat by the Republican Party in Congress refusing to cooperate with the President on public sector jobs, so therefore the Republican “Bully” Governors have helped to cause the loss of 600,000 public sector jobs in the past two years, after the stimulus money of 2009 ran out, and no more was agreed to.

So while certainly, there is a lot left to do to restore a low unemployment rate, considering the circumstances and the political realities, Barack Obama has a lot to be proud of as he formally begins his reelection campaign on Saturday in Ohio and Virginia!