The economy added 120,000 jobs in March

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Though the number was lower than expected – the unemployment rate dropped to 8.2% - the lowest level in more than three years. Plus, this is the 25th straight month of private sector job creation on President Obama’s watch. Despite modest job gains – our economy still needs major structural reform if it hopes to ever get back to the powerhouse economy that it once was.

That includes rolling back the Reagan tax cuts, ditching so-called Free Trade, and making a massive New Deal-like investments in building a 21st century infrastructure. Unfortunately – Republicans in Congress - who want to hurt Obama by making the economy worse - are blocking these necessary reforms.

Thom Hartmann Administrator's picture
Thom Hartmann A...
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Dec. 29, 2009 9:59 am

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The jobs number was horrible. We need to be generating 300,000 for 3 years to get back to the level of employment ratio we need to be at.

Phaedrus76's picture
Phaedrus76
Joined:
Sep. 14, 2010 7:21 pm

I thought that was what obama's stimulis was for. Or did all of obama's cronies keep it all to themselves? Thom we can not add any more to our debt. Obama has added too much already, the most in US history. which you failed to mention on yesterday's show. But you fail to mention most of what negatively effects your point of view, or as you always say your opinion. I think your blaming the republicans for your conspiriacy idea. they do want him to fail, because what obama wants is not going to do this country any good. Taxing the rich to pay for the poor's problems will only drive their wealth and their jobs off shore. Welfare was a plan to take away any pride that the people had and made them slaves to the system just as long as they kept voting for the liberals. If you feed a wild animal , that animal grows lazy and will no longer fend for itself, and if you stop feeding it it will turn vicious and will bite the hand that use to feed it. I give you greece as an example.I know why you say the things you say on your show, it fires up the audience, to blame someone else for their problems and gives them a scapegoat. But it also keeps you on the air, and cash flowing into you pocket. Sounds like capitolism at it finest.

whiskeyman's picture
whiskeyman
Joined:
Mar. 7, 2012 5:57 pm

You are wrong about debt. It is about investment and return, not how far "in the hole" we happen to be due to the GOPimp War Machine. Addressing that waste is a separate need. Putting people to work and building the infrastructure of prosperity--and security--is a good deal no matter how deep the debt hole is. If we have unused talent and work that needs to be done, the idea that not doing it so the banks can balance their books screwing around at the Casino only makes sense if you are drunk.

DRC's picture
DRC
Joined:
Jul. 31, 2007 3:01 pm

Interest rates are record lows, so we can easily add more debt. And investors are scrambling for safe investments.

Phaedrus76's picture
Phaedrus76
Joined:
Sep. 14, 2010 7:21 pm

Whiskeyman wrote: Taxing the rich to pay for the poor's problems will only drive their wealth and their jobs off shore.

poly replies: Actually, that's already been done...with the lowest tax rates since the pre-Depression era. Perhaps you need to review American economic history.

It takes 120,000 new jobs per month just to keep up with new entries into the labor market as they become of working age. There is a bit of catching up to do...undoubtably at much lower incomes than previously. U.S. workers still have to compete with Chinese, Haitians, Vietnamese, etc.

Retired Monk - "Ideology is a disease"

polycarp2
Joined:
Jul. 31, 2007 3:01 pm

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