Jobs growth may end, limiting President Obama to one term
June 25, 2012 8:44PM
Updated: July 27, 2012 6:09AM
Jobs growth may end, limiting President Obama to one term
President Obama is trying to run for re-election on his record, a fairly weak one. He bragged at a news conference on June 8 that “we’ve added 4.3 million jobs in 27 months” and concluded that “the private sector is doing fine.”
Well, 4.3 million jobs isn’t nearly enough with our 8.2 percent unemployment rate.
He was quickly told how wrong he was and tried to correct it a few hours later by saying, “The economy is not doing fine, but the private sector has good momentum.”
However, it is risky to depend on momentum, because it carries an action at a slowing pace if no additional driving force is added. That is what happened to our jobs growth in April and May. The pace will continue to slow if nothing new is added to encourage jobs growth.
Obama must try to add an impetus for jobs growth, or it will continue to slow until it stops — quite possibly making him a one-term president.
Donald B. Abbs
Elgin
