Despite 40 straight months of unemployment above 8 percent, 23 million Americans unemployed or underemployed, and a 100 percent increase in the ranks of the long-term unemployed since the president took office, the president recently claimed that "the private sector is doing fine." Mr. President, the private sector is not doing fine. It's time for the president to stop pursuing policies that have failed to make things better and start working with Republicans to create an environment in which the private sector can flourish.
This month marks the second anniversary of the president's so-called Recovery Summer, which his administration touted as the start of an economic recovery brought about by the president's policies. Two years on, however, Americans are still waiting for the promised recovery. Unemployment, which the president's stimulus bill was supposed to prevent from exceeding 8 percent, has not only exceeded 8 percent but has remained above 8 percent for 40 straight months, and finding a job has become so difficult for many people that hundreds of thousands have dropped out of the labor market altogether. The American people are looking to their leaders to create an environment conducive to private-sector job creation and economic growth. The president's policies have just made things worse.