I am not a big fan of what he is doing right now but Its a bit too much to blame him for 10.2% unemployment. This has been coming for a long time and the chickens are coming home to roost. Decades of hollowing out our productive capacity, and turning into a debtors nation is what got us here. I am not sure if we can even reverse this.
The real number is probably 15-18%. 10.2 is nothing, if healthcare and cap and trade pass look for 25-30.
Cap and Trade will guarantee all Industrial to get sent to China which has no such laws. Unless we can charge china Cap and Trade tariffs on imported goods, a Unilateral plan is pretty much shooting yourself in the foot and handing China even more american Jobs.
Yeah but if he had stood up to pelosi and reid and invested the stimulus in infrastructure and the foundation of new industry we might start to gain some confidence. Instead business sees him as a drain on profits and a destroyer of future profits and capital gains and a pawn of the bankers. he is directly responsible for the lack of a turnaround in jobs and confidence.