The reality that President Barack Hussein Obama and his administration have to deal with is that the U.S. jobs lost during the recession may be gone forever and a weak employment market could be with us for years. The brave new world of hope and change will mean higher joblessness and a lower standards of living for most Americans. There have been many factors the surplus of new and foreclosed homes and empty commercial properties are keeping new construction from lighting a fire to the economy. When there are fewer jobs employees are tying to hold on to jobs, with uncertain future. This means less spending which affects businesses not only to keep from hiring but orders for new goods down. Then you can factor in that banks not lending to businesses for the above reasons. This coupled with high income households looking to regain losses in housing value and retirement accounts by also not spending. The wisdom is that the 7.2 million jobs lost since December 2007 will probably never return. There has been the loss of 3.4 million jobs since President Barack Hussein Obama has taken office. We had heard a report that high unemployment could be with us until 2014. The biggest concern would be not out of the woods and a double dip recession and drag the country down harder with the next wave.
Election Day 2009 14 days
The Twilight Saga: New Moon Movie Debut 31 days
Days until 2010 – 72 days
Calgary Winter Olympics 115 days
Iron Man 2 Movie Debut 199 days
Days until a New President 1192 Days
Days Country Held Hostage Under Hope and Change 271 days
National Debt 10/16/1999 5,664,657,029,541.87
National Debt 10/16/2009 11,948,722,543,849.95