President Obama is betting on America not to understand how bad the economy is:
The White House urged Americans unsettled by the latest weak jobs figures — just 80,000 added to the payrolls in June — not to “read too much” into any single monthly report. President Barack Obama, chasing votes on a bus tour in Ohio, was expected to address the latest sign of an anemic recovery that threatens his shot at reelection.
“While the economy is continuing to heal from the worst economic downturn since the Great Depression, much more remains to be done to repair the damage from the financial crisis and deep recession that followed,” Alan Krueger, chairman of Obama’s Council of Economic Advisers, said in a statement.
Americans don’t need to read “too much” into a single monthly report. They can go back about 40 or 41 months and see that Obama promised that his stimulus would keep unemployment below 8%, but unemployment remains stuck at 8.2%. Americans can go back to 2010 and see that Nancy Pelosi promised that ObamaCare would create millions of jobs. It hasn’t. Or Americans could go back four years and see that Obama promised to cut the deficit in half; reality is, he has tripled it.
There is no need to read too much into any Obama-era jobs report. They’re all pretty bad, and every recent one has come out bad and then been revised downward.
Update: The Romney campaign reacted to the White House’s statement with one word: “Stunning.”
80,000?
That’s amazing! Why, that’s nearly one job per day per county. Not quite, but close.
They should have used a different word than stunning. That word should have been “Nuts.” This would have immediate invested World War II historians AND Firefly’s vociferous and dedicated fan base. Romney needs the Browncoats (not Obama’s Brownshirts!) to take this thing to the hoop.
What are you doing, Bryan?
Trying to confuse the issue by using facts?
What is next? Distract us with common sense and logic? GEEESH
It’s worse than that (for Obama). Look at the first chart here:
http://www.aei-ideas.org/2012/07/june-jobs-swoon-americas-labor-market-depression-continues/
Note that, according to the administration’s own prediction, had we done nothing the unemployment rate would be about 6% by now. Which is still worse than that failure GWB’s average BTW.
http://evilbloggerlady.blogspot.com/2012/07/can-we-all-just-admit-it-barack-obama.html Can’t we all admit it? Barack Obama screwed up the economy.
If a CEO at Bain had performed this poorly, he’d have been fired years ago.
The first step in healing the economy is to create an additional unemployed American at 1600 Pennsylvania Ave this November.
– help wanted ads instead, when there are any.