Obama can't be happy about the stagnant economy
Lewis DiuguidPresident Barack Obama has to be examining other campaign options now that the jobs picture looks less than hopeful.
The economy in June added only 80,000 jobs, leaving the unemployment numbers unchanged at 8.2 percent, the Labor Department reported today. That is not good news for the Obama campaign.
Presumptive Republican presidential candidate Mitt Romney will use Obama’s less than stellar record on the economy to boost his chances of winning the White House. No incumbent president has ever won re-election when unemployment was above 7.2 percent.
George Hunsucker
Northland
10 months, 2 weeks agoAnd of course the big 0’s porkulus bill said at this time unemployment would be below 6%. Aren’t you “progresssssssssssssssssssives” just pleased as punch at the wonderful results of the Keynesian crap jimmy II put in place???
For the record, I did not start this post with an “earth to lewis”, since for one of the few times, he spoke the truth—However, I am sure he feels this unemployment rate is somehow a racial plot against his beloved “leader”…..
George Hunsucker
Northland
10 months, 2 weeks agoMy bad Chuck… I got too wrapped-up in lewis admitting that the big 0 can’t be happy about the numbers, which,if not for the participation rate being at multi-decade lows, would be in double digits…
You are of course correct!
I think the reason louie keeps repeating is so jimmy II will look like some superman if calamity befalls America and he is reelected. It of course also gives louie a reason, though the “real” reason will of course be that America is just a bunch of racists.
Martin Walsh
10 months, 2 weeks agoI think the Dems and Obama were right. Having a stimulus with only $275B spending vs $288B tax breaks was the wrong way to go. The breaks plus the over $200B payroll tax cut have not done the job, and increased the deficit over $1/2T. Obama should have stuck to his plan of spending to improve infrastructure and create private sector jobs.
Kent Mueller
10 months, 2 weeks agoMartin? When has that ever worked?