US Economic Road to Recovery Is All About Jobs Jobs Jobs
Our members of Congress must come to the understanding that for the US economy to experience a real and sustained economic recovery they as our elected officials must pass legislation which promotes the growth of living wage jobs.
As aptly stated by Professor Lawrence H. Summers from Harvard University, “…the United States and other countries will not benefit from further measures directed at rapid deficit reduction. Output and jobs will suffer. A weaker economy means that our children may inherit an economy with more debt and less capacity to bear the burden it imposes. Already, premature deficit reduction has affected economic performance in Britain and several countries that use the euro.
The 2012 election results should have sent the message to all elected officials that the electorate is more concerned about jobs than cutting the national debt. For more than two and a half years, there has been positive private-sector job growth. In the United States, the unemployment rate declined from 8.1% in August to 7.8% in September. According to figures released by the U.S. Bureau of Labor Statistics (BLS), one hundred and fourteen thousand (114,000) jobs were added that month.
In response to the release of the job growth report, AFL-CIO President said that the recent jobs report by the the BLS: “confirms that the economy is finally beginning to build some momentum, as we work to dig out of the devastatingly deep hole that President Obama inherited from George W. Bush and a generation of flawed policies. Now we need the President and Congress to build on this momentum and keep their focus on job creation, including by passing the American Jobs Act.”
Prior to the election, some political analyst asserted that the 2012 Presidential Race was all about jobs, jobs, jobs. The election results proved that they were in fact correct. The 2012 election at the federal level was all about jobs. As a result, the Democrats increased their number of seats in the United States Senate, United States House of Representatives, and they maintained the White House for a second term.
Highly regarded economists and the electorate have spoken “Trickle Down” economics failed miserably under Reagan and Bush as best demonstrated by the economic collapse— the road to recovery for our nation is in fact all about jobs, jobs, jobs.
Source(s): Washington Post, June 2, 2013. AFL-CIO. U.S. Bureau of Labor Statistics (BLS).
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