Dubyanomics rolls on, with McCain cheerleading the “success”

The US Labor Department just reported a net loss of 62,000 jobs in June -- the sixth straight month of rising unemployment.

Signs still point to more job losses in the months ahead.
CNN article


So what do we hear from the two political parties? The Democratic party is saying that the economy has serious problems and must be addressed. Job losses, massive debt, decreased wages, increasing prices and especially soaring fuel costs are all bad things, and the overall economy is a serious issue and must be improved.


The Republican party, having been in charge for the last 7 years and having successfully implemented their economic strategy, see the fruits of their labor. The wealthiest Americans are much more wealthy now, and huge corporations have had tax breaks massively increased, allowing CEO pay to skyrocket, even while the companies are laying off workers. Therefore, they are declaring victory, and want to continue on this path for 4 more years.