Thursday, February 05, 2009

U.S. Jobless Rate The Worst Since Records Began In 1967

The cold and hard reality of things is that the jobless rate in the U.S. is now the worst since modern records were begun in 1967. Nationally there are now 1 million fewer jobs posted online than just a few months ago. And initial jobless claims were reported at a staggering figure of 626,000 last week, a figure far worse than the 583,000 figure expected.

Meanwhile, Republicans continue to chip away at the economic stimulus package proposal in the senate, hoping to score political points while millions of Americans suffer with no job, unable to afford their house payments or rent, or being able to provide food or pay utilities. The situation is desperate for millions of Americans while some want to play politics back in Washington.

Some senate Republicans have put forth some worthy recommendations. And those proposals deserve a serious look. However, many others only hope to derail this major economic stimulus bill which aims to create 3 million jobs and offer help to American families through a wide range of spending proposals. During the Roosevelt years, it was proven that government spending and jobs creation projects were able to get the economy back on track despite Republican objections back then. And this latest proposal doesn't seem all that much different from those goals. However, Republican opposition is now able to build using right wing talk radio and bloggers. However these critics seem to offer few real answers or proposals on how to strengthen the economy, only critical views on this proposal.

In November, the voters clearly spoke for change with the economy. But Republican critics seem to want to impose "no action" on the economy instead, and the tyranny of the minority seem to want to impose their views on the majority of voters and their mandate for change back in November.

So let's hear it here critics. If you don't support this economic stimulus bill back in Washington, then what do you propose to strengthen the economy? Here's your chance to sound off. Let's have a lively discussion here.

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