April 3, 2010 - Pensito

Republican economic policies, particularly the elimination or under-funding of financial regulatory systems, all but destroyed the U.S. economy. Now the jobs picture for March shows modest growth and may be the first sign that Democrats’ efforts to revive the economy and bring the Bush Recession to an end may be working:

Employment in March grew by the most in three years, representing a turning point for the labor market that will help broaden the U.S. economy as it recovers from the deepest recession in seven decades.

Payrolls rose by 162,000 workers, the third gain in the past five months and the most since March 2007, figures from the Labor Department showed yesterday in Washington. The increase included 48,000 temporary workers hired by the government to conduct the census. Unemployment was 9.7 percent for a third month.

Manufacturers, health-care companies, temporary-help service providers and warehouses were among those adding jobs in a sign the expansion is becoming more entrenched. The jobless rate was unchanged even after Americans who had previously dropped out of the workforce decided to resume the job search, pointing to growing confidence that the world’s largest economy will continue to grow.

However, until the financial industry is re-regulated so that the safeguards that were in place before December 1999 are reinstated, the risk of another collapse will remain.

Day: April 3, 2010

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Job Growth Improves Under Obama As Bush Recession Continues

Poetic Justice

Verbatim

“The man is afraid of the voice of the people and that the people understand and know what he’s doing. He’s trying to stifle the ability of journalists to let the people of America know what’s really going on with their government.”

— “Kamala Harris called President Donald Trump’s ban of CNN, MS NOW and Politico from the White House ‘absolutely abhorrent,’” The Wrap reports.

“Not one of them is trained in technical skills. Not one research PhD, as opposed to China, where half the cabinet is science and technology PhDs. We’re led by grifters and fools.”

— Columbia professor Jeffrey Sachs, on X, on President Trump’s 35-person cabinet.

“Mr. President, some of your immigration enforcement efforts have gone too far… The same Hispanics who helped you get to the White House in 2024 feel betrayed today.”

— Rep. Maria Elvira Salazar (R-FL), breaking with President Trump in a direct-to-camera video.

Numerati

1,000

10%

“The unprecedented spate of mid-decade redistricting for the U.S. House has changed the congressional districts for one-tenth of Americans and significantly altered the makeup of at least one-fifth of districts, according to a new study,” the Associated Press reports.

71%

A new Fox News Poll finds 71% of voters think the Trump administration lacks a clear strategy for ending the Iran War, including 95% of Democrats, 83% of independents, and 43% of Republicans. Sixty percent say U.S. military action against Iran was the wrong decision, while just 37% say it was right.

$9.5 billion

“The Trump administration last year spent $9.5 billion on paid administrative leave for federal workers as part of its plan to shrink the government and save taxpayers money, according to a new estimate by a congressional watchdog,” CNN reports.

470

Reuters has documented at least 470 targets of retribution under Trump’s leadership – from federal employees and prosecutors to universities and media outlets. The list illuminates the sweeping effort by the president and his administration to punish dissent and reshape the government.