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Thursday, October 09, 2014

MORICI: Jobs and Obama's political woes

Despite another seemingly good jobs report, President Obama’s approval rating is lower than a snake’s belly, and Republicans could retake the Senate in November.

Missteps in the Ukraine, Iraq and elsewhere weigh on voters’ minds but the economy—especially the jobs picture—is not what Obama cracks them up to be.

Obama has managed to increase employment only 5.5 million or about 4 percent but measured against other presidents facing similar challenges, his performance is hardly stellar.

Ronald Reagan was dealt a tough hand by history too. He weathered a deep recession early in his first term and unemployment peaked at 10.8 percent. He cut spending and taxes, eliminated much unnecessary government meddling in business and boosted employment 8.4 million, or more than 9 percent, his first five and a half years.

The 5.9 percent unemployment rate is a fraud. The percentage of adults working or seeking employment is the lowest since women began entering the labor force in larger numbers in the 1970s.

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