EDITORIAL

President Obama Tears Out The Unemployment

Page From The GOP Playbook

“The American people want leadership from the White House and a serious focus on job creation, not childish partisanship,” said former House Speaker John Boehner, awhile back in a newspaper column.

“The President and Washington Democrats are doubling down on their ‘stimulus’ policies have been an even bigger failure than most people realize. I recently released a report called “Stuck on Stimulus,” which contains some eye-opening figures: while the national unemployment rate hovers near 10 percent, African American unemployment is now 16.5 percent and Hispanic unemployment is 12.5 percent,” he added then.

Photo Credit: The White House.
Photo Credit: The White House.

The mantra by Republican pundits and the leadership back then was, Mr. President, where are the jobs? Or where are the jobs, Mr. President?

Now, fast forward to today, reports are that in January, the unemployment rate fell below 5 percent for the first time in eight years and represent the the longest streak of private-sector job growth on record.

The fact is the unemployment rate now at 4.9 percent is at its best since February 2008, and moreover, the labor force participation rate has remained essentially stable over the past year.

Just two years ago, many economists expected the unemployment rate to remain above this level until 2020.

That said, businesses added 158,000 jobs in January which is less than what obtained in prior recent months, but still above the pace necessary to keep a low and stable unemployment rate.

In tandem with this, wages rose 2.5 percent over the past year, and the 2.9 percent annualized pace over the past six months is the strongest since the recovery began.

However, the truth is there is a lot of work still left to be done to further drive job creation and produce faster wage growth.

The president has already placed his Job Act on the table which involves among other things the following:

Tax cuts to help small businesses to not only expand and grow, but also hire more people

Putting workers back on the job while rebuilding and modernizing America

Creating pathways back to work for Americans seeking job re-entry

Implementing tax relief programs for the American workers and family

In addition, the President has touted the area of exports as a means of job growth as well as opening new markets through the Trans-Pacific Partnership, and raising the minimum wage.

So far, amidst the talk of “political revolution,” “make America great again,” and, “a new American century” among other campaign slogans, one is yet to hear anything new from the presidential candidates about putting Americans back to work.

The fact is Americans are not only seeking for a leader who will do everything necessary to protect the homeland, but also one who has a plan to provide them with good healthcare, education, and jobs.

It is now full-time for us to hear something substantive on job creation from all the candidates vying to replace President Obama, and more so, the Republican candidates whose model is always diametrically opposed to the President.

The question is should we hold our breath?

Davy Desmond, Readers Bureau, Fellow

Edited by Jesus Chan

Do you want to add feedback to this story? Please add comment in box below.

Like our Facebook page https://www.facebook.com/TheReadersBureau

Follow us on Twitter https://twitter.com/readersbureau21