What Obama Needs to Say: I Was Wrong

By:  Ralph R. Reiland
08/23/2011
       
What Obama Needs to Say: I Was Wrong

Only 26 percent of the public approves of President Obama's handling of the economy in the latest Gallup poll, conducted Aug. 11-14, while a whopping 71 percent said they disapproved. That’s down from Obama’s previous low point of 35 percent on this top issue.

The public’s growing dissatisfaction shouldn’t be surprising. Going back to 1890, reports the National Bureau of Economic Research, the only U.S. president with a worse record than Obama in job creation in his first two and a half years in office, measured in terms of percentage change, was Herbert Hoover, presiding over the emergence of the Great Depression.
 
“Official unemployment is 9.1 percent,” stated a New York Times editorial on August 15, decrying the nation’s jobs picture, “but it would be 16.1 percent, or 25.1 million people, if it included those who can only find part-time jobs and those who have given up looking for work.”

Only 26 percent of the public approves of President Obama's handling of the economy in the latest Gallup poll, conducted Aug. 11-14, while a whopping 71 percent said they disapproved. That’s down from Obama’s previous low point of 35 percent on this top issue.

The public’s growing dissatisfaction shouldn’t be surprising. Going back to 1890, reports the National Bureau of Economic Research, the only U.S. president with a worse record than Obama in job creation in his first two and a half years in office, measured in terms of percentage change, was Herbert Hoover, presiding over the emergence of the Great Depression.
 
“Official unemployment is 9.1 percent,” stated a New York Times editorial on August 15, decrying the nation’s jobs picture, “but it would be 16.1 percent, or 25.1 million people, if it included those who can only find part-time jobs and those who have given up looking for work.”

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Ralph R. Reiland (photo)

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