It’s time to admit that Obama’s economic policies have been abject failures. Besides having the official unemployment numbers remain above 8% we have other problems. According to the Huffington Post, definitely liberal and Obama supportive, fifty percent of recent college grads are either unemployed or underemployed.
In Weak Job Market, One In Two College Graduates Are Jobless Or Underemployed
There are no definitive statistics for underemployment but the Department of Labor puts it between 14 and 15%. Other reliable sources such as Gallup show it holding stubbornly above 17%.
U.S. November Underemployment Up From a Year Ago
Since 1940 there have been only six years when unemployment was higher than 8% - three of those years were the first three years of the Obama administration. 2012 will clearly be another year with unemployment remaining above 8%.
Employment status of the civilian noninstitutional population, 1941 to date
We have additional problems: the exploding national debt, the downgrading of our credit rating, the looming expiration of the Bush tax cuts and, of course, the projected impact of Obama Care. Continuing on this same path is a formula for economic collapse. It’s time for a change.