The February 2011 jobs numbers were released today, and the 192,000+ jobs added produced the largest monthly gain since May of 2010. Plus, the jobless rate fell below 9% to 8.9%–the lowest in two years.
There are many factors in play here, but the economic turn around and improved jobs picture is NOT a result of “tax cuts for the rich” or any of the jobs proposals that the Republicans haven’t yet submitted.
Even though the tax cuts for the top 2% were extended for two years in January 2011, they did nothing to improve the job outlook for February 2011; just like they did nothing for job growth the previous TEN YEARS they were in place.
The Republicans have had control of 1/2 of 1/3 of the U.S. government for about two months now, and they have not submitted even ONE job-building proposal. They are just planning a decimation of the economy with draconian “budget cuts”, declaring war on the middle class and contiunue to focus on social issues that the majority of the American people do not want implemented.
The 2009-2010 Federal government stimulus did exact what President Obama said it would do: it STIMULATED the economy (“primed the pump”) to produce job growth in the private sector. We still have a long way to go, but at least we’re moving in the right direction.
Meanwhile, many Republicans governors are refusing government stimulus money for projects such as high-speed rail; projects that would provide rens of thousands of immediate and future jobs and further private sector growth–just because the funds are “government money”. Way to go Republicans–kill job growth by slashing public and private programs that provide employment while giving even more tax breaks to your rich friends who have NOT increased jobs.
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