Quotation for Today: American Jobs and Republican Bullying

The employment report for today shows the economic policies of the Obama Administration  -- the stimulus established in March of 2009 -- are still creating a steady growth in jobs. According to an April 2012 article by the Center on Budget and Policy Priorities, four million private-sector jobs have been created over the last 25 months.  


Now, and as the quotation for today highlights, the Obama Administration has been "swimming" against a horrific and unpatriotic Republican current of obstructionism and bullying that has thwarted job creation. This Republican obstructionism and bullying are being done for the sake of political gain for the Republican Party.

Quotation for Today: Republican-Controlled Congress Is Obstructing U.S. Economic Recovery

The quotation for today gets to one of the core reasons as to why the economy of the United States is sluggish. Although the reason cited for economic sluggishness in the United States has nothing to do with regulations or the economic policies of the Obama Administration, it does help highlight the failure of the Republican-controlled Congress' economic policies; policies that have blocked job-creating actions, thereby obstructing the economic recovery in the United States.

A Thousand Words, Vol. 1, Issue 8.

The general, inequitable character of the contemporary American economy -- punishing labor while rewarding the rentier class -- is portrayed vividly here.  


To read the companion story by Mike Konczal go here.  Paul Krugman's op-ed, "Rule by Rentiers," provides a sketch of the power of the American rentier class.


Related information:


"Rescuing America." Exempli Gratia 8 March, 2012.

Rescuing America

The Main Street American economy  -- the place where middle- and working-class Americans live and work -- is in dire need of rescuing and the Obama Administration is working intently to rescue it.  


This rescue of the Main Street economy will take considerable time -- remember the Main Street economy, operating for almost 30 years under Republican economic policies, has suffered tremendous neglect during approximately 30 years .  Across the jump, via excerpts from several articles, you can read about the need to resuscitate the Main Street economy and the efforts of the Obama Administration and other leading institutions to rescue the Main Street economy of the United States.

Protecting the United States' Economy from Artful Banking

The 111th Congress passed the Dodd-Frank Act  --  a new law to govern banks and the financial industry  -- and President Barack Obama signed it into law in  2010.  The Dodd-Frank Act establishes a banking rule called the Volcker Rule; named after former Federal Reserve Chairman Paul Volcker.  The Volcker Rule is the focus of this post and the article highlighted in it.

We Need A Contemporary George C. Marshall

To begin, we need to review a little American-European history where George Catlett Marshall is introduced anew.

Quotation for Today

"The fact is, this crisis has left a deficit of trust between Main Street and Wall Street. And major banks that were rescued by the taxpayers have an obligation to go the extra mile in helping to close that deficit."

Barack H. Obama, 44th President of the United States of America

Remarks by the President on the Economy in Osawatomie, Kansas: given on 6 December, 2011.