These have been very tough years for our country. Millions of our family members, friends and neighbors have lost their jobs in the great recession. Plummeting home values closed out what had already been a lost decade of stagnant wages and rising costs.
But today we got an encouraging sign of better times ahead. We learned that the economy is now actually producing a substantial number of jobs instead of losing them -- there were 162,000 new jobs created in March, the most positive jobs report we have had in three years.
One community where we've seen these glimmers of hope is Charlotte, North Carolina, where the President spoke today. An advanced battery company, one of those industries at the forefront of the emerging clean energy economy, has also been at the forefront of our recovery in no small thanks to a boost from the Recovery Act. We had a chance to check it out a few days before the President headed down. Watch a quick video to get a sense of what hope looks like for our economy:
Pulling America back from what many experts warned could be another Great Depression and putting us on a course towards new jobs and new industries has been the President's top priority since Day 1. That's why he made signing the Recovery Act his first task when he came into office. Two million more Americans are on the job today because of the Recovery Act, and we have broken the back of the worst recession in a generation.
We are gratified for that. But we are not satisfied. Not by a long shot.
We know we have a lot of work in front of us to repair the damage and rebuild our economy. We also know that there will be some additional bumps in the road ahead.
But today's news is a positive sign post along that road.
And I want you to know that the President and all of us in the Administration will continue to work day and night to pursue a recovery that strengthens the middle class and reaches all our communities and lays a lasting foundation for a better future.
I was thinking of the (many many) past recessions. I'm fifty-eight and DARNED tired of these recessions. I've lived through too many; both local and national.
I'm simply saying that government can only do so much. F.D.R. despite all his (and congress') attempts to turn the economy around largely failed. It took a world war to end that last great (insert popular label for economic disaster here).
Yes and sometimes they never make them permanent...don't worry though, I'm confident that whatever improvement we're seeing in the economy now will have the life choked out of it by all the new taxes and entitlements Obama and the democrats have in store. We're already seeing corporations taking hits as a result of the health care bill, and as with past entitlement programs this will tend to extend unemployment further. The administration admits it will take a "long time" to get hiring back to where it was. Even at 250,000 jobs per month it will take 3 years to reach employment levels prior to the economic crisis. Now add in new taxes, and...viola!
The Economy is still struggling and will remain to do so. It hasn't functioned properly since it's inception.
The Economy has worked only to make those who wanted/desired to be rich, very powerful and influential.
The Economy has an inherent flaw, which is the slowing periods government is trying to slow, instead of prevent.
The U.S. Government does not do anything to prevent the slowing period of the Economy from happening, but does fight to reduce the amount of time/duration of the slowing period, by using debt injections.
This solution isn't a solution. It only creates more debt.
Oh yes you'll see! Right now Obama's commission on cutting the national debt, created by executive order because he couldn't get congress to go along, will be brainstorming on how to achieve cuts while at the same time Obama is finding more ways to spend more than ever before! They will of course recommend a VAT tax, well, because that's what Europe did! We'll need every bit of it too because we all know health care is going to cost closer to 10 trillion once it is up and running. How do we know this? Well we have a working model in MA!
Well he seems like a nice guy. I'm sure I'd enjoy drinking beer, shooting baskets and discussing the advantages and disadvantages of socialism with him, but I don't care much for his forcing his socialist agenda on me. It's nothing personal, I just prefer freedom.
I'm confused how the evil democrats forced health reform on the country. Is a majority not good enough anymore? Yes they passed it with "backroom deals" we have backroom deals because the senates rules don't actually allow for a majority vote. absolute 100% consensus had to be reached or its despotism?
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