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U.S. Election 2012: Stewart Alexander Dismisses Obama’s Jobless Recovery
email this pageprint this pageemail usSocialist Party USA
August 23, 2010

Stewart Alexander 2012
The Freedom Socialist Party dismissed President Obama’s jobless recovery in 2009; the Socialist Party has dismissed any signs of an economic recovery; now, Stewart Alexander, a 2012 U.S. presidential hopeful says, “A majority of Americans no longer believe Barack Obama has a plan to revive the U.S. economy or to create jobs”.

At the beginning of 2010, an article appeared in the Freedom Socialist, “The myth of the jobless recovery”. The article revealed that the jobless recovery was based on increased profits for corporate America; the article also noted ”Many workers are experiencing not a recession but a full scale depression”.

Stewart Alexander says, “Since President Obama took office in 2009, the U.S. economy has gone from bad to worse; unemployment numbers have remained high, and as many as 22 million Americans are out of work”.

Last week, U.S. jobless claims rose to the highest levels in nine months. According to the Associated Press, “Employers appear to be laying off workers again as the economic recovery weakens. The number of people applying for unemployment benefits reached the half-million mark last week for the first time since November”.

Alexander has estimated that as many as 40 percent of black workers are unemployed or underemployed; and as many as 35 percent of all minorities, to include females are unemployed or underemployed. Alexander says as many as 30 percent of teens remain unemployed.

Steve Hoffman, with the Washington Federation of State Employees Local 304 and contributing writer for the Freedom Socialist, noted in his article (The myth of the jobless recovery), “No amount of chronic social misery impress government bureaucrats and media spin doctors”. They say ”Sure, maybe it’s a jobless recovery. But profits are up! Can’t we celebrate?”.

Alexander says financing the war and the U.S. occupation in Iraq and Afghanistan is costing U.S. jobs and hundreds of billions of dollars that could be used to rebuild and repair our nation’s infrastructure; “The war and occupation is taking the U.S. economy into a full scale depression”.

Last week on Fox Business News with Neil Cavuto, Stewart Alexander noted that President Obama has failed on his election promise to end the U.S. involvement in Iraq and Afghanistan; subsequently, financing the war has resulted in an increasing loss of U.S. jobs.

Shortly after announcing he would run for president in 2012, Alexander introduced a national economic recovery program; he refers to the program as “A Better Deal”. Stewart Alexander is calling for unconventional measures to revive the U.S. economy and to create jobs; he is calling for all banks, financial and insurance institutions to be socially owned and operated by a democratically-controlled national banking authority which should include credit unions, mutual insurance cooperatives, and corporate state banks. While running as the Socialist Party’s 2008 nominee for Vice President, Alexander proposed a plan that would include other North American countries to form a North American Banking Authority.

Alexander says “The struggles for working people are global; we need global solutions. In the 21st Century, it has become necessary to reorganize the entire world banking system”. To meet the growing needs of working people, Alexander is proposing the creation of a Universal Basic Income (UBI) to help eliminate poverty and to meet the basic needs of working people and the long term needs for seniors.

Alexander says President Obama is lacking a vision which is necessary to bring about a national economic recovery. “President Obama is only a functionary for the capitalists ruling elite and is enforcing U.S. imperialism at the expense of working class people.”

For more information search the Web for: Stewart A. Alexander

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National Campaign Manager

Socialist Party of California
40485 Murrieta Hot Springs Road, #149
Murrieta, CA 92563

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