Another month, another bad jobs report: unemployment languishes at 8.2 percent again. In President Obama’s Bizarro World this is a step in the right direction and the private sector is “doing fine.” This sad state of affairs has become the new normal of America under the Obama Presidency.
Even with these dismal job numbers, the Obama campaign’s only response is to make excuses and point fingers. Melanie Roussell, national press secretary for the DNC, carried on the campaign’s new theme “Betting on America” by laughably tweeting, “POTUS is betting on the American worker. @MittRomney is betting on misery. Clear choice.” Can you say, “out of touch?” President Obama has only brought American workers misery. Betting on Obama’s policies is like betting on the Washington Generals to win.
After 3 and a half years, we already know America is losing with Obama’s policies. And yet the president keeps repeating the same old tired talking points – literally. President Obama has repeated the phrase “it is important not to read too much into any one monthly report” in his monthly jobs statement an astounding 30 times in the last 32 months. Pay no attention to the man behind the curtain!
If we can’t read too much into just one monthly report, can we at least read into 41 straight months of 8 percent plus unemployment reports? This is the worst streak since the Great Depression and a disastrous trend with no end in sight. Labor force participation is at a 30 year low, with almost 88 million people out of the workforce. The economy is teetering on the brink of a double dip recession and Obama’s policies are only making it worse.
The last thing our fragile economy needs is the largest tax hike in history, but that is exactly what we are getting with the Obamacare Tax. As I noted last week, the House Ways and Means Committee reports there will be 21 tax increases because of the Obamacare Tax, costing more than $675 billion over the next ten years. Every single person will see their taxes go up and the Congressional Budget Office has said that at least 75 percent of the Obamacare Tax will fall on American families making less than $250,000.
The Obama Presidency has consistently delivered us disaster after disaster. Everything about President Obama – from his failed policies to his ridiculous talking points – is like a broken record that can’t be fixed.