Unemployment Back Under 9%

Well, more good news for the President's 2012 re-election hopes, and the nation at-large: unemployment fell to 8.9% as the economy added 192,000 jobs. Somewhere at the RNC, staffers were screaming in anger.

Basically, the recession is, and has been, over in the private sector. While corporations have been stockpiling profits in the last year, the private sector has steadily added jobs every month. The drops have been in the public sector, amongst states and cities, practicing "austerity." In February, the private sector added a quite healthy 222,000 jobs. Republican Governors everywhere are simply laying people off. Their counterparts in Congress want to slash spending federally, and cut all of those jobs too. Why? In the name of the deficit? It's not exactly balancing the budget. It's threatening to put us back in a recession. They don't care, it's 2012 politics. The fact is, we're seeing the results of two years of positive action succeed in the private sector. We have yet to see any jobs legislation from this Congress.