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Archive for the ‘financial crisis’ Category

Why Time Has Run Out For The Dems!

Tuesday, July 6th, 2010

Continuing unemployment spells doom for the dems!

It’s now becoming more and more obvious that the Obama administration’s unemployment strategy failed miserably!

You Can’t Polish A Turd!

Obama tried to put a positive spin on the latest unemployment figures but the figures were dismal and voters will base their upcoming voting decisions on their feelings about job security or lack of it.

Yes, there was an increase of 83,000 private-sector jobs, and the unemployment rate did seemingly drop to 9.5% from 9.7%.

But what was not made clear is that the country needs to create about 150,000 private-sector jobs a month just to keep up with population growth, and the 33,000 created in May and 83,000 in June fell far short of that figure.

And what’s perhaps even worse is the that unemployment rate dropped simply because about 650,000 people who had been in the job market stopped looking for work last month, apparently due to poor prospects which is pretty horrific to say the least.

Voters’ Perceptions Are Why The Dems Are Done For

A Quinnipiac University national poll released May 26, shows that 74% of voters thought the U.S. was still in a recession, compared with 71% who felt that way in May of 2008.

Come November, the question that voters will answer is whether or not the Dems $787 billion economic stimulus program worked, and according to a just released CBS/New York Times poll only 6% of Americans believe the $787 billion package created jobs.

Six percent is a horrendous figure, and on top of that voters will ask themselves if the increased regulations and the higher costs of doing businesses that are now necessary to pay for services such as the health care overhaul are helping or hindering unemployment.

At the time of writing, elections are just four months away which means there are only three more unemployment reports left, because the October report comes out three days after the November election.

The reports will not show any major changes and they are just as likely to show a worsening trend as an improving one, meaning that the Dems will most likely lose control of the House and possibly the Senate too.

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Misconceptions

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