On Friday, the Labor Department announced the nation's unemployment rate rose to 7.9 percent in October.
In case anyone needs reminding, the president promised unemployment would be 5.4 percent today with the passage of his stimulus. After three and a half years of borrowing and spending and more than $5 trillion in new debt, the number of Americans out of work is greater now than in 2009.
Today, those who've dropped out of the labor force outnumber new employees by a ratio of 7 to 1. The economy will not improve until uncertainty over potential new taxes and growing debt are allayed. Given the administration's record of imposing costly new regulations on businesses and the president's threat of tax increases on many small business owners, there is little chance that business and consumer confidence will be restored soon.
Mr. President, near 8 percent unemployment is unacceptable. The House has already passed nearly 40 jobs bills that could help restore some of that lost confidence if only you and your majority in the Senate would approve them.
My staff and I work for you. If we can ever be of service, do not hesitate to call my office toll free at 1-800-288-8721.