By Donald A. Moskowitz
October 30, 2012
More people gave up looking for work in September causing the U. S. unemployment rate to dip to 7.8%. The unemployment rate has hovered over 8% during Obama’s entire term up until last month. The President promised a 5.6% unemployment rate by this time in his administration.
The growth of the U.S. population requires the creation of 150,000 to 200,000 jobs per month to hold unemployment steady. In September only 114,000 jobs were created, which means we continue to fall behind in creating jobs. At the current rate of job creation, we might not hit full employment (4% unemployment) for at least another four years if we are mired in another Obama administration.
The current administration has done a terrible job with the economy. We have 23 million Americans underemployed/unemployed, and only 58% of the working-age population is currently employed compared to 63% in 2008 before Obama became president. Americans on food stamps have increased by 15 million in the past four years. And the national debt has gone from $10 trillion to $16 trillion under Obama.
We are in worse shape now than we were when Obama took office, and we cannot afford to continue these failed economic policies.
Donald A. Moskowitz
About: Don Moskowitz is a well known prolific writer on subjects of the nation and the world that spark his interest and has been a frequent SitNews letter writer. Retiring from the US Navy in 1967 as a Lieutenant, he often writes on military and political matters and he is very active in the Londonderry American Legion. Following a long career in corporate management he retired after developing a successful business with multiple locations in southern New Hampshire. He lives in Londonderry, New Hampshire with his wife Betty, they have three children and four grandchildren.
Received October 23, 2012 - Published October 30, 2012
Viewpoints - Opinion Letters:
Representations of fact and opinions in letters are solely those of the author.
Your full name, city and state are required for letter publication.