Friday, December 3, 2010

Obama's Failure - Unemployment Rises to 9.8%

Socialist President Obama and the Socialists that control Congress, until the end of this year, fiddle while America burns. Socialists Reid and Pelosi have controlled the Congress since 2006 and yet they have done nothing to extend the Bush Tax cuts that are critical to growing our economy. In addition, to keep jobs in America, the corporate tax rate, the second highest in the world at 35%, should be cut to 20% to be competitive with other countries. We are now down to the wire as those Bush tax cuts will expire on December 31. Instead of focusing on the economy and jobs growth, these Socialists, with the support of big unions and environmental wackos, have enacted many job killer bills and bail outs during the last two years. It is just disgraceful.

In the latest jobs report, unemployment has gone up to 9.8%, the highest rate since last April. In fact, unemployment has been above 9% for the last 19 months, coinciding with the Obama Presidency. The real unemployment rate if all are counted, those unemployed, those under employed working part time who want full time work and those that have just given up looking for work is around 17%. Currently, there are officially 15.1 million unemployed Americans; but when all are counted there are more than 25 million that do not have full time jobs. 6.3 million are considered long term unemployed meaning that they have been out of work for 27 weeks or longer. 1.3 million people have just given up looking for work altogether.

Economists thought that 150,000 new jobs would be created in November when the number turned out to be just 39,000 jobs. It takes 100,000 new jobs a month just to deal with the kids coming out of school. The reality is that the US needs job growth of at least 300,000 jobs a month to make any dent to the national unemployment rate. And, even at that rate, it would take years to get unemployment down to 5%, which generally is considered a full employment economy.

Clearly, Socialist President Obama and the Socialists in Congress have failed miserably to manage the US economy in order to create jobs. Their SwindleUS Plans and trillions in deficit spending have not worked. Their job killer bills like ObamaCare, CAP & TAX and additional financial and other regulations on business have been devastating. However, none of this should be a surprise. Most of these Socialists have never worked in business. The Obama Administration is full of university eggheads, including the President, and or Socialist career politicians that don't have a clue what it takes to make payroll every month. If we are ever going to restore economic growth and job creation in America again, we must FIRE all of these Socialists in 2012 and 2014.

WE THE PEOPLE succeeded in taking back the House of Representatives in 2010. Now we must focus on taking back the Presidency and the Senate in 2012 and 2014 by electing more common sense Conservatives that support free market capitalism, limited government, lower taxes and less regulation, a balanced budget, term limits, real education, energy and health care reform, a strong national defense, including securing our border and fighting Terrorism, the right to bear arms, the sanctity of life and family values that are the foundation of our nation. This is the platform supported by the majority of the American people and the only way to restore economic growth and job creation in America.

Most important, we must elect Conservatives that will adhere to the Constitution, as written by our Founding Fathers, not as contrived by the left wing media, Socialists in the last 97 years, former Presidents, Congresses, or the Courts. We must take back our country in 2012 and 2014. We can do it. We must do it to preserve our freedom, our nation and way of life and for the sake of our children and grandchildren.

No comments:

Post a Comment