Quayle: America only works when Americans are working
Today the U.S. Department of Labor announced another month of disappointing job numbers.
The unemployment rate remained at 8.2 percent and private-sector job growth was just 84,000 in June, down sharply from 105,000 in May– not nearly enough growth to reduce the backlog of the almost 13 million unemployed workers.
Not doing fine, Mr. President.
After more than three full years of an Obama Presidency, Americans are frustrated, and rightfully so, with a sustained unemployment rate that is unacceptably high.
The Obama Adminstration doesn’t seem too worried about these bleak numbers. For over 30 straight months, they have told Americans “not to read too much into” monthly jobs reports.
Well, after 41 months of unemployment rates at 8% or higher, anyone can read between the lines and see that President Obama has failed miserably.Maybe if he himself had “read into” the monthly reports, we could have had sub-4% unemployment years ago. Only an egotistic administration is satisfied with 8.2% unemployment.
According to the American Enterprise Institute, job growth during the three-year Obama recovery has averaged just 75,000 a month for a total of 2.7 million. During the first three years of the Reagan Recovery, job growth averaged 273,000 a month for a total of 9.8 million. If you adjust for the larger U.S. population today, the Reagan Recovery averaged 360,000 jobs a month for a three-year total of 13 million jobs.
The persistently dismal employment numbers are only part of the picture. At the same time, we have mushroomed the federal debt at an astonishing, unprecedented rate, to $16 trillion, and the nation’s unsustainable entitlement programs continue unreformed and fast on the road to collapse.
Rather than saddling our businesses with new mandates, taxes, and penalties (or whatever he wants to call them) the President should be looking for ways to improve the business climate. Lower taxes and less regulation will spur the American people to lead the way to recovery.
America only works when Americans are working. If we don’t create jobs and substantially grow the American economy, we are facing many years of painful economic hardship.
We can’t afford four more years of this president.