U.S. in Dire Straights

Yesterday, two reports painted a dire portrait of the United States; first the government reported that the poverty rate surged last year to 46.2 million people. Secondly, the Congressional Budget Office issued a report in which unemployment will remain around 9% for all of 2012.

All this has ominous ramifications for the President as he prepares for his re-election in 2012, and to make matters worse, Democrats lost two special elections yesterday. The seat in New York was particular hard to swallow for the White House, as it had been occupied by a Democrat since the 1920's. Each of these races were a referendum on the President and his handling of the economy.

Currently the President is on the road to sell and gather support for his job's plan that he unveiled to the American people and submitted to Congress. The unfortunate aspect of the President's job proposal is it contains nothing new, and replicates past proposals which have failed to revive or jump start the stagnate U.S. economy, not to mention the fact that it appears that they are to be paid for through new taxes, not a particular popular topic in lite of the stagnate economy and high unemployment numbers.

Time is running out, especially for the American people who want only one thing; a job!

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