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President Barack Obama has stood watch over the greatest job loss in modern American history. And that, my friends, is one inconvenient truth that will haunt this President throughout history.

The fact of the matter is, this is a very dynamic economy we have, and in this dynamic economy, you have a lot of job gains, but you also have job loss.

Since President Bush took office, we have lost 3 million more good jobs.

It's Obama's bad luck that he got elected just as the mayhem of the foreclosures, the banking collapse, and the General Motors disaster was accelerating the surge in unemployment to warp speed.

Obama sees everything backward. Where Americans see individual achievement, he sees government's work. Where we see failing companies, he sees innovation worth subsidizing. Where we see the need for economic growth, he sees a need for higher taxes.

Jobs are central to the American dream - and President Obama has focused on jobs from day one.

If history is a guide, a victory for Obama means he faces the prospect of a second term dogged by scandal or inertia.

The last six months of the Bush administration lost four million jobs and the first six months of the Obama administration lost another four million before any initiatives of the president could take action.

Obama can't change his cool disposition, though it would be nice if he lost the vaguely grudging air he gives off that problems of management get in the way of ideas.

President Obama has tried to spin the paltry new job creation numbers as 'a step in the right direction.' But, clearly, the small growth in jobs isn't even keeping up with population growth, much less returning the workforce to a healthy level.