On Wednesday night, Republican presidential candidates will gather in Michigan for another debate. All of us taking part are acutely aware that unemployment there remains over 11 percent. In Detroit, the city of my birth, far higher joblessness has brought a great city to the edge of ruin. There will be no one on that stage this week more pained by Michigan's struggles than I am.
Michigan is not alone. In eight other states, unemployment is over 10 percent. In Florida the unemployment rate is 10.6 percent. In Nevada it is 13.4 percent. At the national level, joblessness has been stuck over 8 percent for 33 consecutive months, the longest such spell since the Great Depression.
This is not the way things should be. Tens of millions of Americans should not be out of work, worrying about paying their bills and losing their homes. We should not have to talk about our 21st century economy—the economy of advanced manufacturing, life sciences, and information technology—in the same breath as the soup kitchens of the 1930s.
President Obama inherited an economy in crisis. He proceeded to make it worse. He recently put forward yet another jobs plan, or at least a jobs plan is what he calls his proposal. In fact, it’s just another budget-busting stimulus bill. Even members of his own party won’t back it.Page 1 of 5 | Next Page