The latest figures on US economic growth and employment reveal a strong and expanding economy. According to the Labor Department, 178,000 new, non farm jobs were created in November and the unemployment rate decreased to 4.6 percent, the lowest level in 9 years. Wage growth was modest, at 2.5 percent, slightly above the 1.6 percent rate of inflation. In all, since the recovery from the Great Recession started in 2010, over 15 million jobs have been created. Also, in this year’s third quarter, economic growth increased at an annual rate of 2.9 percent, the fastest pace in the last two years.
President Obama’s Economic Legacy
“Since the recovery from the Great Recession started in 2010, over 15 million jobs have been created.”
Por:Isaac Cohen
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Despite a near universal desire for an end to Venezuela’s manmade disaster, sending in U.S forces to take out the Maduro regime would be counter-productive. It should be categorically rejected by interim president Juan Guaidó, not to mention the Trump administration.
The firing of undocumented workers at Trump's golf clubs just shows how the practice of employing immigrants without legal work papers is much more common than we might imagine. Such is life in the United States.
The Trump administration should be wary of fueling fake news predictions about an imminent American invasion which unrealistically raises expectations about Maduro's removal.
At some point we will have to accept the fact that the border between Mexico and the United States is nothing more than an invention.
The United States has had a major role in the evolving drama of the fight for democracy in Venezuela and Nicaragua. And so far, it’s been surprisingly coordinated, a veritable model of multilateralism.
Has the Maduro regime reached breaking point? It remains hard to say, but tomorrow is another - more hopeful - day for the restoration of democracy in the South American nation.
It’s impossible to get into Trump’s head but what comes out of his mouth are racist remarks. But, saddest of all are the millions who tolerate his views, cheer him on and emulate his behavior.
The time is well past due for the U.S. government to conduct a thorough review of leaders and their senior colleagues before they leave office to determine if they merit visas.
To appreciate better how exceptional is this fact, it should be recalled that in the last 65 years only three Presidents have been inaugurated with less than 4 percent unemployment. President D. Eisenhower in 1952, with 3.0 percent; President R. Nixon in 1968, with 3.4 percent; and President G.W. Bush in 2000, with 3.9 percent. All the others, since President J.F. Kennedy, entered the White House with unemployment rates above 5 percent and for Presidents J. Carter, R. Reagan and B. Clinton it was above 7 percent. .
True, the present economic expansion has been slow and weak, with an average annual growth rate of 2.1 percent, the weakest since 1949. Also, the recovery from the Great Recession has been uneven, with some sectors lagging behind, such as manufacturing. Additionally, since the 90s, some factors are restraining potential growth, such as the aging population and a stagnant productivity.
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