The 268,000 private sector jobs added in April are the most added in a single month since 2006. There’s still a long way to go before the US gets back all of the jobs lost during The Bush Recession but at least we are headed in the right direction. This is despite the Republican majority [...]

The Republican majority in the House is threatening not to increase the US debt ceiling. This would not lead simply to a government shutdown but would effectively destroy the US economy as we know it. It would likely lead to a situation even worse than the Great Depression of the 1930s. The Republicans are trying [...]

Good news on the economy: 216K jobs were added in March and the unemployment rate has fallen to 8.8%. Source. This is proof that economic policies of President Obama and the Democratic controlled congress of the past two years are working. Perhaps not as quickly as one would hope, but they are working. The fact [...]

Yesterday the Dow crossed the 12,000 mark for the first time since June of 2008 (before the Bush stock market crash of September 2008.) The Dow was at only 7,949 when the George W. Bush to Obama transition took place in January of 2009. This means that the Dow has gained over 50% since President [...]

In a strong sign that President Obama’s economic policies are working; Gallup has shown a steady decrease in “underemployed” Americans throughout 2010. According to Gallup polling in late January; 20.5% of Americans were “underemployed” and today that number is down to 17.2%. That is a significant 16% drop in underemployment over the course of this [...]

I think it’s clear that Republicans are making a huge mistake if they think the voters of this country have given them a mandate to use their new House majority to spend the next two years trying to repeal health care reform (which is not going to happen), start frivolous investigations into the Obama admin, [...]

The Dow hit a low of 6547 on March 9, 2009 which was less than two months into President Obama’s Presidency (before his policies could effect the economy significantly.) Today it closed at 10,944. That is an astonishing increase of 67% in not much more than a year and a half under President Obama. In [...]

President Obama is ready to sign an extension of middle class tax cuts into law. The only thing that’s stopping him from doing that right now is the Republican Party which is blocking Obama’s Middle Class Tax Cut unless he agrees to also extend the extremely unpopular Bush Tax Cut For The Rich (which added [...]

President Barack Obama took over in January of 2009 in the midst of the worst economic crisis since the Great Depression thanks in large part to the deregulation of the financial sector by Republicans (this cause of the economic crisis is what Wall Street Reform – supported by President Obama – hopes to correct.) Wall [...]