In 2008, billionaire publisher and real estate mogul Mort Zuckerman supported Barack Obama. Now, in a recent U.S. News and World Report article, Mr. Zuckerman says “Hope and Change” has morphed into the shattering of the American dream.



“The great American dream is no longer a house in the suburbs,” writes Mr. Zuckerman. “It is now a secure job and any job will do.”





Mr. Zuckerman catalogues the economic carnage under Obama:







“Job seekers are only one third as likely to find a job as before Obama was elected. A record number have been out of work for over six months.”

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“Fewer Americans are working today than in the year 2000, despite the fact that our population has grown by 31 million and our labor force by 11.4 million since then.“

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“All the net jobs created during the Obama administration have been part-time jobs. An estimated 35 million Americans are trapped in jobs they would have left in better times.”

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“The unemployment rate under President Obama has averaged over 9 percent. Under George W. Bush, his predecessor, the jobless rate averaged 5.3 percent and was at 6.8 percent in the month his party lost the 2008 election.”

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“Another depressant has been the drop of some 40 percent in the net worth of the average American family over the last five years. These are Depression-like statistics. The baby boomers who are now entering their 60s are at the epicenter of the tragic collapse of their net worth.”

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“We have recovered less than 20 percent of the jobs lost in the recession, compared to previous recoveries in which over 100 percent of the jobs lost were recouped.”

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While Mr. Zuckerman has not publicly campaigned for Mitt Romney, he has stated that Mr. Romney possesses “by far a greater” understanding of the economy and job creation than Mr. Obama.




http://www.breitbart.com/Big-Government/2012/08/02/Billionaire-Obama-Backer-Under-Obama-New-American-Dream-Is-A-Job