Recently an ad has been playing which discusses President Obama’s “Job Creation” record. At one point in the commercial the President says that, “In the last 27 months we have created 4.3 Million jobs. But more needs to be done.”
Two points of importance. A few years’ ago, the administration came up with monthly figures on the number of jobs that had been created or “saved”. I guess it would be fair to say that any American who still had a job had a job that was “saved”. Talk about voodoo economic triple talk. I am glad that the President has dropped that tag line.
And the President is right. More needs to be done. Economists whether they subscribe to the thought of John Maynard Keynes or the Austrian school of economics, whether right or left, Republican or Democrat agree that we need to create 200,000 jobs per month.
In other words, we have been running about 40,700 jobs short monthly during the period that the President cites in his commercial. That is just to stay even with the net number of people entering and retiring from the workforce. Still more jobs are needed if we are to reduce the rate of unemployment.
The President’s spokesperson goes on to say that the way to get more people working is to pass “the President’s Jobs Plan – but Congress is holding it up.” Again, I give some credit to the message. Congress is apparently holding up everything so they can get themselves re-elected. There’s a lot of that going around – in fact, far too much.
The Republican-controlled House has taken up portions of the President’s Jobs Bill and passed them but much of the bill goes unheard and would never gain enough votes to pass if it were considered. For the Senate’s part, that Democrat-controlled body refuses to take up a budget and has not done so for three years. Any realistic budget would be “politically embarrassing” this close to a General Election.
I do want to offer a positive comment on this particular commercial. While I believe that it fails in the category of complete truthfulness, it is a relatively middle-of-the-road production. If we could continue political commercials and conversations on this level instead of slinging mud, it would do much to promote an improved level of civility which mars most campaigns. Here’s hoping.
When I say that the commercial is less than completely honest it is because “The President’s Jobs Plan” could have been proposed during President Obama’s first two years in office when the Democrats had an iron-clad majority in both houses. Had the President advanced his ideas then, this whole issue might be moot. Instead he turned his attention to other matters which have probably aggravated the slowness of job creation.
It appears that President Obama is making a bet on selling his job’s record as a positive in his efforts for re-election. Apparently he understands that it really is all about the economy for most of us. I think it’s a gutsy call on his part – probably the gutsiest thing he has done during his term in office.
We’ll see how that works for him.