The president promised to cut the deficit in half by the end of his first term. Instead, he has deepened our deficit and national debt. Jobs? According to the Bureau of Labor Statistics, since Barack Obama took office in 2009, 8.5 million Americans have given up looking for work. Those lucky enough to find work often receive very low pay. The president's proposed increase in the minimum wage won't help create new jobs. If it passes, which it won't in the House, it will more than likely eliminate new hires.