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International Honor Society in Social Sciences
The mission of Pi Gamma Mu is to encourage and promote excellence in the social sciences and to uphold the ideals of scholarship and service.

SHADOW PRESIDENT UPDATE

Four More Years

Dr. AndersonDespite a dismal and depressing four years characterized by high unemployment, political gridlock, exorbitant government spending, and intervention, Barack Obama was somehow re-elected as President of the United States, and given four more years to lead our nation. Obama's re-election is somewhat comparable to a sports coach who had four consecutive losing seasons, yet defied expectations of being fired and somehow managed to hold on to his or her job. The election showed that voters are considerably divided by race, age, and gender. Obama had an 11 percentage point advantage over Romney with women voters, while Romney had a seven percentage point advantage with male voters. Obama had a considerable advantage among voters under the age of 45, while older voters sided with Romney. Obama, in 2008, received 43% of the white vote. In this election he only managed to get 40% of the white vote, yet he was able to make up ground by having a huge advantage over Romney among minority voters. Obama secured 51% of the popular vote compared to 48% secured by Mitt Romney. The composition of the Senate and the House of Representatives will mirror what it has been the past four years with Democrats holding a slight majority lead in the Senate, and the Republicans controlling the House of Representatives. Republicans, going forward, will continue to struggle with its image problems as being an "exclusive" party controlled by "white males" who are callously out of touch with the common American people.

President Obama now faces immediate pressure in his attempt to work with Republicans in order to avoid another fiscal crisis that could send the country back into recession. The fiscal cliff (expiration of Tax Relief, Unemployment Insurance Reauthorization, and the Job Creation Act of 2010), enactment of the Budget Control Act of 2011 (which marks an end to the Bush-era tax cuts), and 1.2 Trillion dollar cuts in military and non-military spending, could potentially have a detrimental effect on the United States economy. The Congressional Budget Office recently expressed concern that the fiscal cliff could increase the unemployment rate to 9.1% by the close of 2013. Obama must deal with the country's economic issues. The Economic Policy Institute suggests that the United States must add an additional 9 million jobs just to get back to pre-recession unemployment levels.

The Obama administration may tout the fact that the nation has added 5 million jobs since February 2010, but there is still a massive gap that has to be filled relative to job creation. Economists have pointed out the nation has a considerably weak labor market with a low demand for workers. There are 3.8 million fewer jobs in the labor market than before the recession. Economists point out that the nation needed to add at least 5.2 million labor-market jobs during the past five years just to keep pace with the growth in the working-age population. In order to eliminate the jobs deficit, the nation would have to add 330,000 jobs a month, which equates to twice the rate it is today. At the current rate it would take until the year 2020 to get the unemployment rate to 5% which is where it was before Barack Hussein Obama took office. This nation's economy is in a big hole.

Dr. Matthew Anderson
Shadow President

 

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