On Feb. 2, 2009, President Barack Obama explained his chances to fix the economy to host Matt Lauer on NBC’s “Today” show: “I will be held accountable. I’ve got four years. … If I don’t have this done in three years, then there’s going to be a one-term proposition.”
Here are my Top 10 reasons why I believe President Obama shouldn’t stay a single day beyond his one term in the Oval Office:
10) Obama’s economic actions have failed to lower the U.S. unemployment rate below 8 percent for last 42 record months
Four years into his presidency, Reuters has reported on Obama’s economic progress: “Details of the household survey, from which the unemployment rate is drawn, gave a downbeat assessment of the labor market, with the share of the population that has a job falling to near cycle lows. In addition, the labor force participation rate, or the percentage of Americans who either have a job or are looking for one, fell to 63.7 percent last month from 63.8 percent. That is a sign of low confidence in the labor market. Data last week showed the economy grew at an annual pace of 1.5 percent in the second quarter, also far short of the 2.5 percent rate needed to keep the unemployment rate stable.”
9) The Obama administration’s out-of-control spending has led America to the economic brink and destroyed our country’s credit rating
In 2010, President Obama spoke out o