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.'
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