Jobs, Jobs, Jobs.
There is only one thing the President should talk about in his State of the Union and that is Jobs. If we look at what President Obama inherited, the GW Bush administration had eight years of private sector job losses and only had a net job increase due to government hiring The Bureau of Labor Statistics shows that private sector employment decreased by 673,000 over the eight years of GW Bush, while public sector employment increased. Total jobs created under the eight years of the GW Bush administration totaled 1.08 million. Ironically, increased public sector employment allowed for the Bush administration to not be the first to have net negative employment over its term since Herbert Hoover. Total private sector jobs created since 2010 by the Obama administration number over 2 million (more than the total for the eight years of George W. Bush). President Obama has cut public sector employment by over 357,000 since taking office. President Obama’s initial 2012 budget, despite yowling from the right that he never submitted any for a vote in 2011, was rejected in the US Senate at the same time as the Senate rejected the US House Budget plan drafted by Rep. Paul Ryan, (R-WI). But, the US House Budget plan passed through the House on an almost party-line vote and supported by all the GOP Senators was projected to cost as many as 800,000 jobs and a 2% decrease in GDP in 2012. The next jobs effort of the Republicans was to foment a false debt ceiling “crisis” which if the US had defaulted on its debt would have been catastrophic in causing a 5% GDP drop in 2012 and a loss of some one third of the value of US equities. [More . . . ]