Here is an article from FoxNews.com suggesting that Obama has ignored the unemployed and has shifted his focus towards climate change and taxing the wealthy.  The article also states that the unemployment rate has "disappeared as an issue" due to the media wanting Obama to get reelected for a second term:
http://www.foxnews.com/opinion/2013/02/01/president-obama-has-abandoned-america-unemployed/?intcmp=HPBucket
Who is the Forgotten Man today? Is it the coal miner whose employer 
was shuttered by the EPA? The construction worker hoping to build the 
Keystone Pipeline? Maybe it’s the salesclerk who was laid off because 
her boss feared having more than 50 people on the payroll as ObamaCare 
kicks in.
The most recent news on unemployment is bleak – only 157,000 jobs 
were added last month, and the unemployment rate rose again, to 7.9%. 
There are 23 million Americans unable to find full-time work. Many have 
been disadvantaged by the Obama administration’s liberal agenda. Others 
have simply been left behind as the president focuses on matters more 
significant to him – such as climate change and taxing the rich. 
Our jobs shortage has disappeared as an issue – buried by a news 
community anxious to reelect President Obama. The White House has 
scuttled all discussions of employment and even of the economy.
In his second inaugural address, the president waxed enthusiastic 
about gay rights and the sanctity of our entitlements programs, and also
 proclaimed that America’s prosperity must “rest on the broad shoulders 
of a rising middle class.” How that class is supposed to rise when 
people can’t find jobs is a mystery – one that President Obama has yet 
to reveal.
Mr. Obama only in passing mentioned that “an economic recovery has 
begun.” Well, it certainly didn’t get very far in the fourth quarter. In
 fact, output took a nosedive in the final three months of the year, 
contracting by 0.1% as businesses pared inventories, exports tumbled and
 government spending took a hit. Doubtless activity will return to 
modest growth in the current quarter, but the economic news reminds us: 
something is not quite right in this recovery.
The underpinnings of an upturn are in place. The Federal Reserve met 
recently and confirmed its expectation of steady though slow expansion, 
and its intention to continue feeding that growth through ongoing 
monthly bond purchases of $85 billion. Housing, autos, renewed growth in
 China, a steadying Europe – all on the upswing. But, businesses large 
and small continue to resist hiring, even though profits are up and 
stock prices up even more.
How can that be? There are two reasonable explanations. The first 
stems from a hard look at where corporate profit gains are coming from. 
After the financial crash, businesses slimmed down, cut staffs and 
readied for the drop in demand. In time, as business picked up, 
companies discovered they didn’t need to replace laid-off workers; they 
could manage with less. And they did so—quite profitably.
Eventually companies began to hire, cautiously, as increased demand 
outstripped their lean capabilities; thus the modest increase in private
 sector hiring.
Simultaneously, the Federal Reserve handed out an unexpected bonus – 
lower interest rates. A chart contained in a recent presentation by 
Societe Generale (and published by The Economist) shows corporate net 
income recovering more robustly in 2010-12 than earnings before tax and 
interest. Lower interest rates boosted results – a factor that is 
unlikely to repeat. Earnings per share have been further bolstered by 
share buy-backs, financed by those same extra-low interest rates.
These financial high jinx may push stock prices higher but can’t 
provide much comfort to managements. They need to see demand – and 
revenues --  rise convincingly before they will add to staff. They also 
need confidence, which is the second missing ingredient.
That’s where President Obama’s leadership becomes a factor. After 
9/11, President George W. Bush exhorted Americans to go on with their 
lives despite their fears, asking “continued participation and 
confidence in the American economy.” (Contrary to many erroneous 
re-tellings, including by New York Times columnist Thomas Friedman, Time
 magazine and others, Mr. Bush never urged us to go shopping.)
Two weeks after the attacks, in response to the flat-lining of the 
airline and hotel industries, Bush also encouraged people to travel, to 
“do your business around this country…take your families and enjoy 
life…”  -- to show that we would not be defeated by those who had taken 
down the World Trade Towers. (Even so, six North American carriers went 
bankrupt in the five years after 9/11.)
It sounds almost hokey today, but the country was shaken; no one knew
 what to expect, and it would not have taken much to plunge the nation 
into an economic crisis. Indeed, the economy was already softening, and 
unemployment rising, when Bush took office. Instead, people rallied, 
they went out to dinner and – yes -- they went shopping.
After the attack on the World Trade Center, consumer confidence 
understandably collapsed -- it fell from 114 in August to a low of 85 in
 November. In December, confidence surged to 95, against all odds, and 
the country experienced but a mild recession. It was a stirring example 
of presidential leadership.
By comparison, consumer confidence in the U.S. most recently plunged 
to 59 in January, after falling for three months. This – in the face of a
 booming stock market. In the past five years, it hasn’t been able to 
top 73.1.
While many factors influence how people feel about their prospects, the tone for the country is set at the top.
Instead of cheerleading from President Obama, we get browbeating. 
Every time the nation’s economy has begun to get traction, Mr. Obama has
 engaged in a fight with Congress – over health care, the debt ceiling, 
appointments to the NLRB, environmental regulations – over one issue 
after another that keeps the country on edge.
He has lambasted the wealthy, and implied time and again that they, 
and business leaders, have succeeded by luck of the draw or – worse – 
through unfair practices.
Is it any wonder that one measure of confidence among the wealthy 
-- Pam Danziger’s Luxury Consumption Index – scored its second biggest 
loss in January since the start of 2008?
Now we face more wrangling over gun control, immigration, the 
sequester and tax reform. These issues divide the country, and it takes 
deft and positive leadership to make progress.
Unfortunately, President Obama seems to relish the political brawling
 and appears unable to rise above campaign mode. That is bad news for 
the country, and bad news for all those forgotten people who can’t find 
jobs.
 
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