Presidential Candidate Stewart Alexander Deciphers Latest Jobs Report

The Socialist Party USA Presidential Candidate Stewart Alexander says that the most recent jobs report represents the bankruptcy of Obama’s economic policy. The report included an increase in the unemployment rate to 8.2% and indicates a lull in job creation for the first quarter.

Alexander proposes a public employment program that will use public funds to put unemployed Americans back to work. This plan is the opposite of the course chosen by Obama, who lavished the banks and private companies with money as a part of his bailout program.

Alexander stated, “Obama’s policies were always geared to protect the 1%. While the rich have profited, working people in America are still being thrown into unemployment or are facing a labor market in which they cannot find a job.”

“The Socialist Party USA Presidential campaign is proposing an economic policy in which a job is a human right,” Alexander continued, “We want to achieve a full employment economy.”

Alexander also pointed to two disturbing trends. First, the majority of jobs lost in the first quarter of 2012 were from the public sector, as state and local governments continued to implement budget cuts. And the more accurate unemployment rate, known as U-7 unemployment, which measures both those unemployed and those who have given up looking for a job, surged to nearly 17%.

Stewart Alexander is joining with Alex Mendoza to fill out the 2012 Socialist Party USA Presidential slate. The pair is engaged in a national effort to achieve ballot access in order to offer American voters a socialist alternative in November.

The Socialist Party USA is America’s voice for democratic socialism. The SP-USA supports the creation of a radical democracy where regular people have a direct voice on issues related to public budgets, how their work sites operate and problems in their community. We believe that things like housing, healthcare, a clean environment and a good job are human rights and should be guaranteed.


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