President Obama: Creating Jobs to Kill Jobs

MainStreetRadical.com ^ | October 15th, 2009 | James Devere

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The Dow crossed back over 10,000 today and many in the media are touting an economic recovery. But the signs of a robust economy are low unemployment and a strong middle class. What is being done to make sure that those two indicators are going to follow the market?

President Obama offered only platitudes on the economy during the election. Since he has been in office, he has continued to talk about putting Americans back to work, rebuilding the economy, and securing our economic future. On the economy, just as on healthcare, Obama seldom gives details. Today we have little to go on when trying to judge either the competence or genuineness of the President’s economic plan. We have change: the unemployment number is approaching double digits and under-employment is at 17%. We have hope: that we are not the next to lose their job or their house. But we lack any substantive understanding as to his economic vision.