(Reuters) -”The economy created jobs at the fastest pace in nine months in January and the unemployment rate dropped to a near three-year low of 8.3 percent, providing some measure of comfort for President Barack Obama who faces re-election in November.”
However, it should be pointed out this number is anemic compared to the Reagan and Clinton years, when it was common to add three to 400,000 thousand per month. Even President Jimmy Carter had better numbers than this now and then. This was during a time when population and Gross Domestic Product were considerably less than today. The problem with today’s economy is that the demand for goods and services is less because a tremendous amount of income has been redistributed from working people to the rich thanks to your government. So don’t go jumping up and down at the numbers.
On the other hand, give Obama credit. Republican politicians have been desperate and active in keeping people out of jobs since Obama took office, just to stop him from retaining his job in the election later this year. The Republicans don’t care one tiny drop of cow dung for the 99 percent, and they’ve proved that during the last three years. On the other hand, a ton of Democrats don’t give a rat’s rearend about the 99 percent, and that most likely includes Obama.
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