Friday, July 08, 2011

OBAMA FAIL! Only 18K Jobs Created In June, Unemployment Up 9.2 Percent

Obama Lapdog Media sorely disappointed (Yahoo News).

U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dampening hopes the economy was on the cusp of regaining momentum after stumbling in recent months.

Nonfarm payrolls rose only 18,000, the weakest reading since September, the Labor Department said on Friday, well below economists' expectations for a 90,000 rise.

Many economists raised their forecasts on Thursday after a stronger-than-expected reading on U.S. private hiring from payrolls processor ADP, and they expected gains of anywhere between 125,000 and 175,000.

The unemployment rate climbed to 9.2 percent, the highest since December, from 9.1 percent in May.
One of Obama's advisers, David Plouffe, was saying yesterday that the numbers don't mean a lot.  Are you kidding?  When only 18,000 jobs are created, that's a pretty good indicator that your economic program is a failure.

Which begs the question, why negotiate with a failed President on a budget when he wants to do more of the failed policies that has worsene3d this economic mess?

GOP Leadership needs to get a pair, start "fighting like a girl," and tell the President any calls for tax increases will be rejected because they'll make the economy even worse.  Plus, Boehner and Cantor need to hear from all of us that if they don't act like a majority, then they don't deserve to be in the majority.

2 comments:

Quite Rightly said...

18K jobs.

That's less than 1/2 a job per zip code.

missiondweller said...

"Which begs the question, why negotiate with a failed President on a budget when he wants to do more of the failed policies that has worsene3d this economic mess?"

Excellent question. Obama may be becoming a lame duck, in which case the republicans should just raise the debt limit enough to buy four months at a time and extract cuts each time.