Q&A on Jobs, Rising Prices Show Failure of POTUS’ Economic Policies

After 43 months with unemployment above eight percent, “the kinds of questions economists and pollsters say are on people's minds,” according to the Associated Press, can be summed up in four words: where are the jobs?  Here are some of those questions noted by AP – and our answers. Each one further highlights the utter failure of President Obama’s economic policies.  For example:

  •  “When will I find another job?”  Well, in August, five million people had been unemployed for 27 weeks or more and “368,000 able-bodied American workers stopped looking for work and dropped out of the labor force.”  According to CNN, “after about a year of being out of work, the chances of landing a job fall to just 1 in 10 per month.”  To create a better environment for private-sector job growth, the House has passed nearly 40 jobs bills that remain blocked by Senate Democrats.  The House has also voted to stop all of the tax hikes and to fix our tax code to bring home some of the jobs that have gone overseas; Senate Democrats have done neither.
  • “How much are those groceries? What's a full tank of gas going to run me?”  “Consumer prices rose in August by the most in three years,” according to Fox Business.  “Average retail gasoline prices have more than doubled under President Obama … rising from $1.84 per gallon to $3.85 per gallon,” says CNS News.  The House has passed several energy bills to help create jobs and address high prices; all remain blocked by Senate Democrats as well.
  • “How much is our house worth?”  Home “prices are still down nationally by 1.9% from last year and are expected to fall an additional 1% from the beginning of this year through 2013,” says MarketWatch.  Moreover, “the income of the typical American household has fallen to levels last seen in 1995.”
  • “Will our college-educated daughter ever find work and move out[?]”  “A weak labor market already has left half of young college graduates either jobless or underemployed,” and “[l]ess than half were able to find jobs within one year of graduation, down from 73% before 2008.”  And the outlook going forward isn’t good: “small businesses created no jobs” in August and “44 percent of small-business owners think the national economy is worse today than it was six months ago.”  The GOP Plan for America’s Job Creators being blocked by Democrats is focused on removing government barriers making it harder for small businesses to hire.

As Rep. Allen West (R-FL) said in the Weekly Republican Address, the Republican-led House of Representatives continues to focus on “removing government barriers that make it harder to create jobs.”  The latest jobs bill up for a vote this week is the Stop the War on Coal Act.  Learn more here, and click here for more information on the Republican jobs plan.