Obama: “I deserve a second term”

New post on Fellowship of the Minds Obama: "I deserve a second term" by DCG USA Today:  On Super Bowl Sunday three years ago, just 10 days after taking office, President Obama said that if he wasn't able to get the economy shaped up in three years his presidency would be a "one-term proposition." In an interview with NBC's Matt Lauer before yesterday's game, Obama made the case that he still has plenty of work to do but the economy is now on the right track. "I deserve a second term, but we're not done," Obama told Lauer. "When you and I sat down, we were losing 750,000 jobs a month. … Now we're creating 250,000. We've created 3.7 million jobs in the last 23 months. We've created the most jobs since 2005, the most manufacturing jobs since 1990, but we're not finished." While the unemployment numbers announced may sound good, one must look at the underlying statistic:  those "not in the labor force" did in fact rise by 1.2 million, and the labor force participation rate dropped to a new 30 year low of 63.7%. Maybe you are like Barbara Streisand and believe that Obama "has not put anyone on food stamps".  Yet as the United States Department of Agriculture reports, there were 39.6 million people on food stamps in February 2010. As of November 2011, there were 46.1 million, an increase of 6.5 million. Still believe the economy is on the right track?  Take a look at numbers from the Committee on Way and Means (from January 27, 2012).   Before Now Change Number of Unemployed 12.0 Million 13.1 Million +9% Long-Term Unemployed 2.7 Million 5.6 Million +107% Unemployment Rate 7.8% 8.5% +9% "High Unemployment" States 22 43 +95% Misery Index 7.83 11.46 +46% Price of Gas $1.85 $3.39 +83% "Typical" Monthly Family Food Cost $974 $1,013 +4% Median Value of Single-Family Home $196,600 $169,100 -14% Rate of Mortgage Delinquencies 6.62% 10.23% +55% U.S. National Debt $10.6 Trillion $15.2 Trillion +43% So Obama says "we're not done."  Exactly what else is he planning to do to our economy if he is re-elected?  Shudder to think of the possibilities. DCG DCG | February 6, 2012 at 6:09 am | Tags: Barack Obama | Categories: 2012 Election, Economy, Liberals/Democrats | URL: http://wp.me/pKuKY-ciV Comment    See all comments Unsubscribe or change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://fellowshipofminds.wordpress.com/2012/02/06/obama-i-deserve-a-second-term/ Thanks for flying with WordPress.com

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