Two Glimmers Of Hope In the Dismal Jobs Report

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The May jobs report was absolutely deplorable. There are some signs of hope and that is in healthcare, which added 33,000 jobs and manufacturing, which added 12,000 jobs. Most of these manufacturing jobs could be linked to the resurgence of the Auto industry President Obama saved. A great number of job losses were in construction, where 28,000 Americans lost their jobs.

Now let’s talk about the Republican plan for job creation. They will tell you we need to cut corporate taxes, right? Well, perhaps they say that because the majority of Americans didn’t know that corporate profits AFTER TAXES have skyrocketed under President Obama.

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So what is Mitt Romney’s plan? Cut taxes, especially for corporations. WHY? It isn’t producing very many jobs, is it?

In fact, the area that is driving the majority of job growth is healthcare as I stated above. Why is healthcare driving employment? Consumer demand through an aging population has increased dramatically. The other area, manufacturing, is also increasing job numbers — and that is being driven by consumer demand.

No amount of corporate tax cuts are going to inspire any corporation to hire people. If high AFTER TAX profits haven’t spurred job growth, bigger tax cuts and larger after tax profits will not either.

We have tried it your way, Republicans! We have cut taxes all over the place. All we got in return was high after tax profits for the investor class and no jobs for the middle class. Time to try something different!

3 Replies to “Two Glimmers Of Hope In the Dismal Jobs Report”

  1. Thanks for this, Ray. It beats the “sky is falling” missives I’ve been reading, including one that screamed that if the election were held today, Romney would win?

    Really? Because the President is still ahead of him in the majority of polls.

    This jobs report was a hard one to take, but the panic it’s brought on hasn’t helped. Plus, the MSM seem very reluctant to actually point the fingers at the GOP, whose obstructionism has not allowed for true job creation bills to be passed.

  2. Martin Bashir is becoming a national treasure, his
    comments on the jobs numbers were spot on and really rile up republicans.

  3. It’s amazing to me that PLUS 69,000 is “bad” “disappointing” “a failure” “dismal” etc., but when you compare it to job losses of hundreds of thousands per month during President G.W. Bush, it looks pretty darn good. You also don’t hear the media or Republicans digging into these numbers like you did. In fact, job losses and the uptick in unemployment were due almost entirely to states laying off public service workers as states try to deal with dire budget cuts.

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