More lies and excuses from Obama at 10:35 a.m. this morning....and as to Mr Burton's comment...it's time for Obama to step up to the plate and let the Republicans start to lead...Obama certainly isn't leading....just look at the results!
Obama looks at 9.2% unemployment, speaks at 10:35 a.m.
By David Jackson, USA TODAY..Jul 8, 2011
President Obama will discuss the latest spike in the unemployment rate at 10:35 a.m., according to a change in the White House schedule.
The Labor Department said today that the jobless rate increased from 9.1% to 9.2% in June, which saw a rise of only 18,000 jobs.
The bad news comes as Obama tries to negotiate a deal with Republicans to increase the nation's $14.3 trillion debt ceiling while reducing federal spending.
Republicans quickly jumped on the bad numbers.
House Speaker John Boehner, R-Ohio, said, "today's report is more evidence that the misguided 'stimulus' spending binge, excessive regulations, and an overwhelming national debt continue to hold back private-sector job creation in our country."
Former Obama spokesman Bill Burton, in a tweet, said the new jobs reports underscores the need to increase the nation's $14.3 trillion debt ceiling, lest the government default.
"At this point imagine the absolute market catastrophe if Republicans let the country default," Burton wrote. "It's time the GOP steps up to the plate."
The Associated Press reports:
The Labor Department said Friday that the economy generated only 18,000 net jobs in June. And the number of jobs added in May was revised down to 25,000.
High gas prices and supply-chain disruptions stemming from the Japan crisis and the weak housing market have slowed the economy. Average hourly wages declined last month. After-tax incomes, adjusted for inflation, have been flat this year.
Businesses added the fewest jobs in more than a year. Governments cut 39,000 jobs.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment