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Obama’s economy

July 16, 2012
Messenger News

To the editor:

As we near the end of Mr. Obama's first term it is only fair to examine his record. Back in May of 2004, the monthly jobs report under President Bush showed the economy adding 310,000 jobs and the unemployment rate was 5.6 percent. Barack Obama, then a Senate candidate blasted those numbers and said it was "too early" to claim victory in regards to the economy. Remember, Mr. Bush took over during a recession caused by the bursting of the tech bubble and the economy had been through 9/11. So, those economic numbers were not satisfactory to Mr. Obama. Let's now jump ahead to the June numbers as we approach the end of Obama's first term: 8.2 percent unemployment, a 14.4 percent unemployment among blacks, 11 percent unemployment among Hispanics, 780,000 fewer women now working then when Mr. Obama took office. In addition, of the 80,000 jobs we saw created in June, nearly one-third of those were temporary jobs. What was the reaction from Mr. Obama? He said numerous times last (recently) that we are "headed in the right direction."

The chairman of the Democratic National Committee has said that the administration is "satisfied" with the growth of the private sector. These people are in over their heads and it should be painfully obvious to anybody with any common sense. I also think it is fair game to look at the national debt. When Mr. Obama campaigned he called Mr. Bush "irresponsible" and "unpatriotic" for running up $4 trillion in debt over eight years. After just one term of Mr. Obama the debt has risen $5.8 trillion - and yet not one plan from Mr. Obama to rein in the debt. Mr. Obama has not had a year in office where he has not run yearly deficits that are more than $1 trillion.

Those of you who enjoy class warfare can blame Mr. Bush and demonize the success of Mr. Romney - which appears to be the only strategy the Democrats have. Personally, I could care less about how much money Mitt Romney has or his "likability." America needs someone in the White House who understands how an economy works. In 2008, Mr. Obama said we needed to hold people accountable for their record. Hopefully, Mr. President, people will do just that.

Wade. P. Wubben




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