America Is On A Path To Economic Recovery

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    Today, the Department of Labor released their January jobs report which showed that 20,000 jobs were lost last month – down from the 779,000 job losses in January 2009.

    Today’s jobs report marks a welcome step in the right direction for our economy and our families: the unemployment rate is going down. The Recovery Act, which Congress passed one year ago to pull our economy back from the brink of collapse, has already created or saved nearly 2 million jobs so far.

    Yet our work is far from over. This recession that President Obama inherited has taken the worst toll on our job market since World War II. Too many workers have lost their jobs through no fault of their own. Leaders of both parties must work together to keep our recovery on track by helping small businesses create jobs, investing in our infrastructure and clean energy industries, and keeping police, firefighters, and teachers on the job. Congress will continue to act to build a new foundation for long-term prosperity.

    1. daleedelweiss 62 months ago | reply

      Looks good but isn't this just a picture of a recession? Not really anything to do with the administrations. In fact, what did the first 7 years of Bush look like? What will the next 3-7 years of Obama look like?

      Also, Congress would have to start before they can continue to "act to build a new foundation for long-term prosperity". Obama has the right idea in calling both sides to action. I just don't think Congress can get out of their own way.

    2. seth979 62 months ago | reply

      That was the change I voted for, I look forward to that progress continuing.

    3. piersonr 61 months ago | reply

      @daleedelweiss: The graph shows that President Obama took quick action, working with the Democratic majority in Congress, to successfully reverse the recession that was inherited from the Bush administration.

    4. StitchJonze 61 months ago | reply

      Quick action?
      You mean TARP?
      Oh yeah TARP was signed by Bush.

      The only thing Obama signed was the stimulus package which was suppose to keep unemployment under 8 %,
      Unemployment?
      Oh its at 10%.
      The budget?
      oh yeah its only 3.7 trillion and 1.3 trillion is funded by the Chinese.

    5. seth979 61 months ago | reply

      Fr∂nk Castle, he meant the stimulus bill and yes it will take a while to reverse the damage caused by the last Administration. Sad isn't it?

    6. StitchJonze 61 months ago | reply

      For the last three years the Democrats have controlled the federal government. Pelosi and Reid could have passed any piece of legislation they wanted to in the last three years. The epicenter of the financial crisis is Fannie and Freddie.
      ( www.rollingstone.com/politics/story/26793903/the_big_take... )

      I blame Maxine Waters, Barney Frank, Franklin Raines, Gregory Meeks, Aurthur Davis and Lacy Gray for not regulating Fannie and Freddie when President Bush tried to regulate them but was blocked by the Democrats. They said there was nothing wrong with Fannie and Frieddie.
      Rep Chris Shays (R) Ed Royce (R) called for more regulations and were denied by the Democrats.
      www.youtube.com/watch?v=y4A0RuXhnQA

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