President Obama and his policies, and of course the work of the Democratically-led Congress, continue to resurrect the economy from the depths of a near catastrophic recession that started in 2007 after the disastrous mismanagement of the previous administration.Â All despite absolute obstructionism and political gamesmanship by the Republicans.
I’ve shown this chart before, but now there have been a few additional months added.Â We’re not out of the woods yet, for sure, but the direction is promising.Â Not only is the stock market at it’s highest point in years, but jobs are starting to come back.Â See especially the last few months where 3 out of the 5 months showed actual job growth (not just reduced job losses).
As I’m sure we all remember, jobs is a lagging indicator.Â Which means the economy turns south long before the floodgates of job losses kick in because companies hold onto trained employees as long as they can.Â And these same companies are slow to hire employees back once cut because they want to build up their reserves again.
So where do we go from here?Â Well, continue working hard to improve conditions so the private sector can hire more workers.Â Not protect the big insurance companies, the big banks, and the big oil companies like the minority party.
Oh, by the way, ExxonMobil made $45 Billion (with a “B”) in profit last year and yet paid ZERO federal taxes.Â So how’s that “protecting big corporations” thingee working out for you Republicans?