March 30, 2011- The elections of 2010 focused of jobs, the GOP ran on a lack luster economic recovery from the Republican induced recession. They won the U.S. House and gained seats in the U.S. Senate. Now that they have won, they are very timid about talking about the economy. I pointed out to you in a previous article the latest GOP jobs plan. It aims to increase thousands of highly skilled former government workers into the already saturated private labor market in an attempt to drive down middle class wages.
Rather than increasing real demand, which is the base of a healthy economy, the GOP wants to build a facade by lowering Americans’ wages.
Under the leadership of President Obama, the economy has grown. Unemployment continues to go down, and weekly unemployment filings also follow that trend, dropping the week ending March 26 to the lowest level since July 2008 as lay-offs slowed. The months of February and March has seen some job growth.
The best indicator for our economic health is small businesses and according to the Financial Times , Small businesses – those with fewer than 50 employees – hired the most workers, adding 102,000 jobs. Medium-sized businesses added 82,000, while large businesses, which employ more than 500 workers, hired 17,000 new employees.