Skip to comments.White House: Unemployment 'Will Not Be Solved Overnight'
Posted on 06/01/2012 1:26:40 PM PDT by Justaham
In its first reaction to this morning's worse-than-expected jobs report, the White House stressed that the nation is still fighting back from the recession and that the "problems in the job market were long in the making and will not be solved overnight."
"There is much more work that remains to be done to repair the damage caused by the financial crisis and deep recession that began at the end of 2007," Alan Krueger, Chairman of the Council of Economic Advisers, writes in a White House blog.
"Just like last year at this time, our economy is facing serious headwinds, including the crisis in Europe and a spike in gas prices that hit American families' finances over the past months. It is critical that we continue the President's economic policies that are helping us dig our way out of the deep hole that was caused by the severe recession," Krueger adds, pointing to the president's legislative "to-do list" for Congress to boost the economy, which he will be promoting today in Minneapolis.
The economy added just 69,000 jobs last month, below expectations of 150,000, and the unemployment rate ticked up to 8.2 percent, the Labor Department announced this morning.
Krueger notes that the economy has added private sector jobs for 27 straight months and points to manufacturing, education and health services, and transportation and warehousing as areas where employment continues to expand.
As it does every month, the White House stresses that the monthly figures can be "volatile" and that "it is important not to read too much into any one monthly report."
(Excerpt) Read more at news.yahoo.com ...
Apparently, it won't be solved after 3.5 years, either.
Porkulus was supposed to keep unemployment below 8%.
Porkulus was supposed to be the solution to rising unemployment, and jump start the economy.
Was Obama wrong about Porkulus????
Now we’re saying unemployment is a continuing ongoing problem???
Well, was Obama wrong then, or is he wrong now???
Okay, I can live with that. How about the rising of the seas?
From the imbecile that told this country two years ago, “If we do QE and TARP, unemployment will go below 8%.”
And almost half, if not more, will believe this crap. It’s Bush’s fault and it’s the congressional tea party republicans’ fault.
Yes it will. January 20, 2013.
IT’S BEEN 3.5 YEARS!
In about 4 months there will be some more unemployment. LOL
Obama is employing en economic theory that did not work when Roosevelt tried and isn’t working now. Implement the economic theory employed by Reagan, and we’ll bounce back, not crawl over a cliff - where we’re heading with Obama.
Starting phoney “energy” businesses and shutting down “job producing energy businesses” doesn’t help. Obama’s an idiot.
Romney should have a sea level indicator on his campaign website, LOL.
The numbers will look great in a few months once Obama has hired 3.2 million “Federal poll watchers”.
Hey, you...POS....we will SOLVE this problem soon...God willing.
FUBO!!!! Just keep up your TV appearances on The View, Letterman, etc and playing golf. That’s all you’re good for. You wouldn’t know a real job is since you never had one.
Can one really say it’s “unexpected” after three
and a half years?
Private sector jobs are scarce even in Texas. They can spin that number all they want, it is not happening.
He let the Bushs back into White House yesterday and it all went to Hell again.
Would you believe, the cause has been discovered: http://www.freerepublic.com/focus/f-chat/2890413/posts
How sad for the Usurper, that his genius plans are suddenly being stymied by pesky outside forces, for which, of course, he is blameless.
Apparently, it won't be solved after 3.5 years, either.
Yes. In fact hysterical in the context of Administration Kicks Off "Recovery Summer" with Groundbreakings and Events Across the Country ... in June 2010!
Five more months! Five more months!
Just so long as we can help the Obama Administration join the ranks of those millions seeking a job in November!!!
It will be changed overnight.
With a Romney vicory, on the morning of November 7th, there will be a new dawn. A new hope, and American companies will start to hire again because they know they will not be prosecuted for being successful.
No worries....the unemployment rate is below 6% right now....isn't it? (rolling eyes)
I would ask just how stupid does this administration think the American people are but given that they elected this horse's ass I already know.
Trillions down the rat hole of ‘Green Energy’, bailouts and buyouts and not a thing to show for it..................
We want 4 more years of Jive talk. We want 4 more years of teleprompter speeches blowing smoke on t.v. 1 billion dollars of fundraising is pretty good money for the amount of bull.
3 Million new enegry jobs Obama
the ultimate goal is to have a sustained 10% “reportable” unemployment, which will put us on par with his socialist utopias in Europe.
Obama’s much vaunted jobs programs are working even less well than his beloved Soviet Union.
Hey, give me four more years!
The worst and by far most destructive president in the entire history of the United States continues to disassemble the nation and flush it, piece by piece, down the toilet.
He just needs another four years, comrades, to complete the job.
Your words made me vomit.
An Obama failure will certainly be something to celebrate, heck, I’d celebrate if the worthless bastard dropped dead from a stroke. BUT a RINO Romney win will not bring “a new dawn” or “new hope” to America.
For “a new dawn” and “new hope”, we would have had to put a real conservative in the White House... and that damn sure isn’t Romney.
Now, you can go on to live your fantasy, but at least know it’s seen by many to be nothing more than a fantasy.
We now have the most ignorant electorate in the history of American elections. I believe we have the most corrupt government and media our country has ever seen.... and Romney with his GOP-e isn’t going to change any of that.
In the end, Americans will get the country it apparently wants and a country it so richly deserves.
I seem to remember BHO giving this speech for the first time in early 2009.
Obama knows how to create jobs with public money. At least he says he knows how!
Communism has failed every time it’s been tried but give it one more chance and it will work this time, promise!
Yes it could be that many employers and potential businesses are keeping their powder dry until after the demaculation of Kingless BOZerO when the real hope and change begins.
Promise kept: Sea levels fall under Obama
byDavid Freddoso Editorial Page Editor
Can you believe it?
I’ll bet 10 zillion on both.
Translation: It's Bush's Fault!!!!!
I believe Obama himself Coined the phrase,Obama said while talking about Republicans,Dont let them Pull The old Okey Doke on you! This Presidency has been one huge Okey Doke on the World.
Obama’s Jive Talking is old, tired, predictable and boring.