Scared

After the abysmal jobs report last week, President Obama walked onto the stage of one of his many, many campaign stops (oops, I meant to say "official visits" to a battleground state, paid for by U.S taxpayers). He flashed his magnetic smile and proceeded to tell us that we're making progress, that his economic plans are working, that the private sector economy is improving (despite dismal GDP numbers). Let's all move "forward."

The President's new campaign slogan is appropriate. The last thing he wants us to do is look backward at his performance over the past 3.5 years. Forward ... off a cliff!

What the President doesn't mention as he spins very bad news is the 340,000 workers who stopped looking for work last month. The Federal Reserve tells us that labor force participation under Obama administration policies has dropped from 68% to 63%. In real numbers, that's 5 million jobs lost during his administration! Richard Goldman comments:

About a fifth of working-age Americans aren’t working — and a fifth of all personal income is transfer payments. These numbers are astonishing and without precedent. If they continue, America will go bankrupt. Obama’s hope for re-election lies in dependency. No one could run for re-election as dogcatcher with this record — except for the cynical presumption that Americans have become so dependent on the state that they have lost hope of working again, and will vote for more state dependency.

If you’re not scared, you haven’t read the numbers.

But the President tells us that we should be scared, very scared about the election of his challenger—a man who has substantial private sector executive experience, a man who is well-versed in turnarounds, a man who has extensive legislative experience and has been demonstrably bi-partisan, a man who has all the critical qualities that Barack Obama lacked when he was elected and failed to learn on the job.

Look at the economic numbers, look at the rapidly growing deficit, and then be VERY scared of another four years of Barack Obama.