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Job Losses Pose Danger for Obama and the Democrats

Vantage Point
Articles and Essays by Dr. Ron Daniels

There is a rebellion against Washington brewing across the land, and that’s bad news for President Obama and the Democrats. Unemployment is 10.2% and climbing. According to a recent poll, some 30% of American families are feeling the pain of the dramatic downturn in the economy, which has produced the highest level of joblessness in decades. Never mind that the devastating economic collapse was inherited by President Obama; what people care about is whether they see the government addressing their pain, whether any visible actions are being taken that give them hope that their job opportunities will improve in the near future. While growing joblessness is the issue uppermost in the minds of millions of Americans, what they are witnessing in Washington is a protracted and divisive struggle over health care reform. And, on Wall Street, people are flabbergasted to see the stock market rising, bank and investment company profits soaring and monstrous bonuses for employees of the very companies whose reckless behavior precipitated the economic crisis. Meanwhile, hundreds of thousands of people continue to lose their homes as the depression in the mortgage industry continues.

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