The facts are more frightening than the top-line unemployment figure of 9.6%. They (the facts) tell us that millions of workers have given up on this economy. Millions of workers, who might otherwise be proud and valued contributors to the nation's economy, are simply sitting at home, skipping mortgage payments and relying on food stamps and other forms of government aid just to get by. The president likes to pretend that big business has failed these workers. He likes to lay the blame on banks that supposedly are refusing to make loans to small businesses. He blames the insurance companies, mortgage brokers, oil companies, hedge funds, and just about every other part of the private sector. What he refuses to do is to look at the effect of his own policies.
Does Obama really expect American energy companies to be out there hiring hundreds of thousands of workers when the president himself has placed the entire Gulf of Mexico under a deep-water drilling ban? Does the president believe that health insurance companies will be expanding their operations when Kathleen Sebelius, Secretary of Health and Human Services, is out there bashing them for rate increases and demanding that they operate at a loss? Does he think that the financial reform bill recently put into effect is going to increase the number of jobs in the financial sector when it specifically strips the major banks of some of their most lucrative profit opportunities?
Does no one in the current administration or congress have a brain??? Tis a fact, they know absolutely nothing about economics!