Bob Beauprez

Everything you need to know about the 2012 election may be wrapped up in one four letter word – jobs.

Faced with economic recession, Barack Obama and the Democrat leadership implemented unprecedented Keynesian big spending policies that they promised would jolt the economy back to life and "save or create" at least 3.5 million of jobs. 

Instead, the national debt has increased by more than $5 trillion and the 7 million fewer Americans have a job than when the recession started in December 2007.   Worse, the jobs recovery is "by far the worst" of any recession dating back to the 1930s, according to USA Today

If this were just an average recovery, "nearly  10 million more people would be working today than when the recession officially ended in June 2009," according to the feature story published last week. 

 

http://www.usatoday.com/news/nation/2011-05-19-job-creation-recession_n.htm

As the chart above indicates, Obamanomics has not just fallen short; the failure is of historic proportions. 

In addition to the millions that remain out of work or underemployed, gas prices have more than doubled since Obama took office, health care premiums are expected to rise 8.5% next year, consumer prices led by food are rising at 5.7% annually.     


Bob Beauprez

Bob Beauprez is a former Member of Congress and is currently the editor-in-chief of A Line of Sight, an online policy resource. Prior to serving in Congress, Mr. Beauprez was a dairy farmer and community banker. He and his wife Claudia reside in Lafayette, Colorado. You may contact him at: http://bobbeauprez.com/contact/