We Need A Pro-Worker, Anti-Austerity Agenda
The good news is the country has made substantial economic progress in the last six years since President Bush left office. Instead of losing 800,000 jobs a month as we were during the final months of the Bush administration, we are now creating some 250,000 jobs a month and have seen steady job growth over the last 58 months.
Instead of having a record-breaking $1.4 trillion deficit as we did when President Bush left office in January 2009, the federal deficit has been cut by more than two-thirds. Today the 10-year deficit projection is now $5.5 trillion lower than what the projections were back in 2010.
Six years ago the world’s financial system, as we all remember, was on the verge of collapse. Today that is not the case. In fact, some might suggest that Wall Street is doing too well.
While we can take some satisfaction as to what has been accomplished in the last 6 years, one would be very naive not to appreciate there is also a lot of very bad news in our economy, especially for working families.
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