Unemployment has been 8% or higher for the last 41 months and Barack Obama said in Ohio on Friday that the country is headed in the right direction. If that’s the case, I have to ask just where it is he thinks we should go?
The U6 number which includes would-be workers who have given up and dropped off the stats is pushing very close to 15%. The country hasn’t experienced such economic malaise lasting this long since the Great Depression, literally.
Increasing taxes on the rich won’t create jobs. Adding an immeasurable cost of doing business with a health care plan when we still don’t know what’s in it won’t create jobs. Blocking energy programs like the Keystone Pipeline and placing moratoriums on drilling in the Gulf doesn’t create jobs. Subsidizing green energy programs like Solyndra hasn’t created any net jobs. The Joint Economic Committee led by Congressman Kevin Brady issued a report saying that the Obama recovery now ranks dead last in modern times. Spending stimulus, housing bailouts, auto bailouts, financial bailouts, cash for clunkers, extending unemployment benefits and $5 trillion in deficit spending left the Obama recovery dead last in modern times.
If you are a President, how do you create jobs? You don’t. Business creates jobs; you clear the road stand aside and cheer. You don’t stand in the middle, over-regulate and jeer — and then blame the lack of progress on your predecessor.
- Obama’s Goose Is Cooked (nationalreview.com)
You may not have noticed so let me explain. In 2008 the policies of Bush culminated in a massive financial crash, which would have a massive impact for years to come. Yes unemployment is high, but it would have been high no matter who was President. How would have McCain kept unemployment below 8%?