Obama is smart
According to the Department of Labor, job growth in the month of May gained 54,000 jobs of non-farm payroll employment and 83,000 private-sector jobs.
President Obama has increased domestic oil production from 8,054,000 barrels a day in 2003 to 9,056,000 barrels a day (Index Mundi). The government and other nations are releasing oil from their reserves, totaling 60 million barrels. The U.S. is releasing 30 million barrels out of its 21 billion barrel reserve.
The stimulus package of 2009 created and retained three million jobs in public work. The GDP was at minus 6.4 percent in March, before the stimulus was launched and the DOW slid to 6500.
By the fourth quarter of 2009, the GDP was a plus 5 percent and the DOW had risen to 10,428, indicating it was a success. (about.com us economy.)
The debt ceiling is monies borrowed from other countries (two wars, tax cuts to corporations and the wealthy). To default would start another recession.
The Republicans scream where are the jobs? Now that they have the Congress, not one jobs bill has been written by Republicans or passed. Instead it's do away with MediCare insurance and Social Security insurance. Go to rebuildthedream.com and politifact.
Boyes Hot Springs