Today the Bureau of Labor Statistics released the unemployment figures for June and it was a horrendous 9.2% of people still seeking employment. Only 18,000 new jobs were created whereas it was estimated by economists to be about 5 times higher between 90,000 and 120,000. It is estimated that 16.3% of people are unemployed or underemployed. Some 250,000 poeple have stopped looking for work.
Since Obama has been in office some 2.5 million jobs had been lost and even today at his address, he claimed that he had created 2.3 million jobs. He continues to ask for further spending. The Democrats had been chanting this mantra for over two years now including the 3 million jobs that they claimed to have created or saved with the stimulus money of some $870 Billion that had been spent.
I think it is time to Change Direction Mr. Obama and Craig Smith, CEO of Swiss America said that he (Obama) should get out of the way. It is imperative that Mr. Obama be defeated in 2012 to save this nation.