Adam Serwer of the American Prospect says that if the nation’s economy does not improve come November 2012, President Obama may join the legions of unemployed workers across the nation.
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In 1984, President Ronald Reagan won re-election in a landslide, telling voters that it was “morning in America.”
Unfortunately for President Barack Obama, the American economy has been stuck at midnight for years.
It’s a simple story. Americans don’t have jobs, so they’re not buying stuff. Because they’re not buying stuff, companies aren’t hiring. Unemployment remains above 9 percent. The recession was worse than economists thought, which means that the 2009 stimulus bill wasn’t enough to jump-start the economy. Not only is Congress not doing anything to solve the jobs crisis; Republicans — with little resistance from the president — are actively pursuing a contractionary fiscal policy that is weakening a sluggish recovery. If economic prospects remain bleak, come November 2012, President Obama may learn what it feels like to be unemployed.
Read Adam Serwer’s complete column at the American Prospect.
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