To the editor:
So here we are, with what President Obama speculated a year ago could be the “new normal.” That would be sustained unemployment of about 9 percent. In a “60 Minutes” interview last November, Obama said, “What is a danger is that we stay stuck in a new normal where unemployment rates stay high.” Obama went on, “People who have jobs see their incomes go up. Businesses make big profits. But they’ve learned to do more with less. And so they don’t hire. And as a consequence, we keep on seeing growth that is just too slow to bring back the 8 million jobs that were lost.”
Obama has an utter lack of business sense and apparently truly believes businesses not hiring and tightening their belts is not in any way his fault. This may be the motivation for (or the result of) Obama’s dogmatic class-warfare rhetoric, possibly one of the most defined campaign strategies in the history of American politics.
Democrats took a beating in the last midterm elections. Obama commented on this: “One of the things I think you understand as president is you’re held responsible for everything. But you don’t always have control of everything.” Didn’t the Democrats have complete control of Congress from January 2007, and Congress and the presidency from January 2009 until January 2011? I think they did.
Obama does not now, nor has he ever had a clue about running an economy. The only way to fix the economy is to vote him out of office in 2012.