71,000 new job in August! Unemployment rose from 9.5% to 9.6% in August. Obama sees a silver lining in these numbers. At the rate of 71,000 new jobs per month, it will only take us 118 months ( that’s right, 9.8 years) to get back the 8.4 million jobs lost since he took office. Don’t tell me, it is all the fault of Bush!
Remember in the spring of 2009 when Obama promised that if we pass the stimulus bill unemployment will not exceed 8%. Instead six million jobs have been lost. Some are predicting an unemployment rate of 10% by years end. This is the worst unemployment rate since Herbert Hoover, but remember, it is all the fault of George Bush!
In all of Obama’s speeches he never seems to mention Growth. There is a great deal of "fairness", "subsidies", "stimulus" and "benefits" in his voice., but nothing about Growth.
He has had a relentless campaign against profits. Profit for business is a bad word. He seems to feel that profits will not lead to expansion of business and hiring of new workers. I am reminded of the man that told me that he had never had a job from a poor man. Without profit, how is a business to expand and hire new workers?
Profits and success seem to be alien to this crowd in Washington. Business is looking at large tax hikes, burdensome health care cost, and increased union organization, all encouraged by government. The only work that will increase is for the Trial Lawyers!
Among the targets of Obama are names like IBM, ExxonMobile, and Bank of America. This is because they are the most visible symbols of American Capitalism. By regulating our great corporations and undermining their profits he is shifting power from the free market to government.
How do you judge a President who spends his first two years trashing private enterprise and then blames everyone, but himself for the failure. It must be the fault of George Bush! It is time Obama faces the mess he has made and quit blaming others!
Stan Elrod
Charlotte, NC
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