Mr. President: Do you really think you are riding high with the rate of unemployment standing at a whopping 8.5 percent?
8.5 percent! Wow!
Perhaps we should take a real good look at the real numbers.
The rate of unemployment was 7.8 percent when you took office, and look how much money you have spent since then trying to improve it. Remember that before you took office our deficit was about $400 billion. Now it's well over a trillion — $1.5 trillion, more or less, and the national debt totals $15 trillion. Can you even begin to count to 15 trillion, much less deal with that number?
Moreover, as of December there were six million fewer jobs than there were in December 2007. You know, when the younger George Bush was president. Oh, and by the way, using the best-case scenario, Mr. Obama, you will end up $4 million short at the end of this year.
By the way, let's not forget that the Congress was controlled by your party from January 2007 to January 2011. And they held the purse strings!
There are also 170,000 fewer people looking for jobs now, and 42,000 of the new jobs end up being temporary jobs during the Christmas season only.
Also while you are touting the unemployment numbers remember that they are national numbers and elections, even though they are national, really take place at the state level; there, Mr. President, it doesn't look so good.
Let's look at the unemployment numbers in some key states:
Florida: 10 percent
Ohio: 8.5 percent
Pennsylvania: 7.9 percent
Michigan: 9.85 percent
Do those numbers worry you, Mr.president? They should. Let's look at some more, shall we?
In Illinois, your home state, the unemployment rate stands at 10 percent. In Nevada, it is 13 percent. And California, the bluest of the blue, it is at 11.3 percent. Do you really think you can't be beaten with numbers like that?
Even Ron Paul's chances of winning the White House look good against these numbers!
Republicans need to take a good look at these numbers and run against them, not against each other, and if they do they will win.
Remember, it really is the economy, stupid, and when that's faltering nothing else matters.
Oh! And let's not forget that unemployment in the black community is at a whopping 15.8 percent — that is a full point higher than when you took office. Do you expect that black voters will ignore the damage you've done to the economy and to them?
Michael Reagan is the son of President Ronald Reagan, a political consultant, and the author of “The New Reagan Revolution” (St. Martin's Press, 2011). He is the founder and chairman of The Reagan Group and president of The Reagan Legacy Foundation.
© Mike Reagan