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
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