Unemployment Drops to 8.5% | Barack Obama and 2012 Election News

Saturday, January 7, 2012

Unemployment Drops to 8.5%

New unemployment numbers are out today, and it's a good news. 200 000 jobs were created in December of 2011. With this, unemployment has dropped to 8.5%.

New unemployment numbers are out today, and it's a good news. 200 000 jobs were created in December of 2011. With this, unemployment has dropped to 8.5%.

The Obama Administrations and Pres. Obama are very happy with the news, but of course the Republicans running for the office won't be much happy.

Unemployment hasn't been quite this low in a very long time. Here's a solid fact for Pres. Obama and his re-election campaign: since January 2010, 2.7 jobs have been added to the economy. It's a lot of months adding jobs to the economy, not destroying like the Bush Administration and the Republicans did.

Mitt Romney, who is running seeking presidency in 2012, has a tax plan that would double-down on Bush Era policies. If he was elected, economy would return back to what it was in 2007/2008. In fact, the biggest beneficiaries of Romney's tax plan are millionaires.

Rick Santorum also has a dumb explanation as to why the economy is getting better: he thinks unemployment rate is dropping because of 'optimism that Republicans will take the White House.'

OBAMA ADMINISTRATION ON UNEMPLOYMENT ▼

President Barack Obama’s Remarks on June Unemployment Report
Friday, July 8, 2011
With only 18000 jobs added in the last month, the official unemployment rate increased to 9.2%. Bad news for most of us, and especially those who are still looking for jobs, and also for business that looking forward to invest in the private sector. President Obama addressed the issue today at the White House:
"The economic challenges that we face weren’t created overnight, and they’re not going to be solved overnight. But the American people expect us to act on every single good idea that’s out there. I read letter after letter from folks hit hard by this economy. None of them ask for much. Some of them pour their guts out in these letters. And they want me to know that what they’re looking for is that we have done everything we can to make sure that they are rewarded when they’re living up to their responsibilities, when they’re doing right by their communities, when they’re playing by the rules. That’s what they’re looking for, and they feel like the rules have changed. They feel that leaders on Wall Street and in Washington –- and believe me, no party is exempt –- have let them down. And they wonder if their efforts will ever be reciprocated by their leaders."

American Unemployment At New Low - 8.8% With 230 000 Private Sector Jobs in March
Saturday, April 2, 2011
Figures released by the U.S. Labor Department, this morning, show that unemployment has fallen to 8.8%. Speaking earlier today, President Obama said:
Nearly two years after one of the worst recessions we’ve ever seen, our economy is showing signs of real strength. Today we learned that we added 230,000 private sector jobs last month. That makes 1.8 million private sector jobs created in the last thirteen months. And the unemployment rate has now fallen a full point in the last four months. The last time that happened was the recovery of 1984.
Now, despite this good news, we still have plenty of work to do. There are still millions of Americans looking for a job that pays the bills. I know there’s a lot going on in the world, and the news is filled with images of the Middle East and Japan, but you should know that keeping the economy growing and making sure jobs are available is the first thing I think about when I wake up every morning. It’s the last thing I think about when I go to bed each night. And I will not be satisfied until every American who wants a good job can find one; until every family gets a shot at the American Dream. That’s our North Star. That’s what we’re fighting for.