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The question that I wish I knew the answer to is what
course the nation would be on if Democratic
Senator John Kerry had beaten George W. Bush in
2004?
Had Kerry won, then in 2008 he would most likely have
been reelected since sitting presidents always are.
With Kerry as president,
Barack Obama would have remained in the
U.S. Senate, relatively unknown nationwide.
Instead of a left of middle Democrat like Kerry, America
has Obama, a wild spending socialist who deceitfully but
also successfully campaigned on the promise to generate
more jobs for a nation in desperate need of them.
As recently as January 9, then President-elect Obama
upped his projection for new jobs from the 3 million he
promised during the heat of his barnstorming to 4
million.
Said Obama:
"The jobs we
create will be in businesses large and small across a
wide range of industries. They'll be the kind of jobs
that don't just put people to work in the short term,
but position our economy to lead the world in the
long-term."
How
wrong can one person be?
In a frightening but fascinating
analysis of
the economy, U.S. News and World Report listed nine
reasons why the nation's financial condition is more
grave than its 9.5 percent unemployment rate indicates.
[Nine
Reasons the Economy Is Not Getting Better, by
Mortimer Zuckerman, U.S. News and World Report, July 9
2009]
Among the most compelling reasons
are the least discussed.
For example, the number of workers
taking part-time jobs because of the slack economy, a
stealth underemployment, has doubled to about 9 million,
or 5.8 percent of the workforce. Add those whose hours
have been cut to those who cannot find a full-time job,
and the total of unemployed and underemployed rises to
16.5 percent, putting the number of involuntarily idle
workers close to an overwhelming 25 million.
Another grim take on what the job
market might look like when the economic recovery
begins, U.S. News projected that many unemployed workers
looking for jobs will discover that the
"good" jobs like the ones they lost will be impossible to find.
Layoffs during this deep recession
will be permanent, not temporary.
Instead of merely shrinking
operations, companies have closed whole business units
or instituted sweeping internal changes.
Automobile manufacturers have shut
down dealerships, eliminated model lines while financial
giants like
Citi Group and Bank of America cut tens of thousands
of jobs that it will never again fill.
U.S. News concludes that by 2010
America could face an small upswing of new low paying
jobs while at the same time facing a higher joblessness
level at the high end. Job losses may last well into
2010 bringing the unemployment rate to 11 percent.
What's interesting is to compare
Obama's evaluation of his job-delivery promise versus
the cold, hard facts generated by the Bureau of Labor
Statistics.
On April 30,
Obama said:
"We have already saved or created 150,000 jobs."
In June, however, the Bureau of
Labor Statistics released its latest data showing that
2.2 million jobs have been lost since Obama took
office.
Translated that means that Obama
erred by a staggering 5 million jobs—the three million
he promised added to the two million lost.
Adding to what should be Obama's
considerable embarrassment is the recent confession by
his
two top economic advisors that the stimulus bill
allowed for "considerable
uncertainty"
Again reading between the lines, I
interpret that to mean that Obama and his Democratic
Congress authorized and spent more than $800 billion
with no clear plan for how that money would help
unemployed Americans.
How much Obama's failed economic
strategy will hurt the Democrats in 2010 remains to be
seen. A poll released earlier this week indicated a 16
percent increase among Americans who are
"dissatisfied" with his job performance. [Polls
Can Affect a President's Hold on Party, by Susan
Page, USA Today,
July 20 2009]
Assuming Obama slides further in the
polls, the Democrats are in for a rough ride.
Joe Guzzardi [email him] is a California native who recently fled the state because of over-immigration, over-population and a rapidly deteriorating quality of life. He has moved to Pittsburgh, PA where the air is clean and the growth rate stable. A long-time instructor in English at the Lodi Adult School, Guzzardi has been writing a weekly column since 1988. It currently appears in the Lodi News-Sentinel.