Perhaps President Obama has too much on his plate to do an effective job of managing the economy?
What with running an unauthorized war in Libya, avoiding responsible action with respect to the debt-ceiling issue and spending crisis, staging the withdrawal of troops from Iraq and Afghanistan in a way that assures maximum political advantage, keeping the lid on the Fast and Furious Mexico gun-running scandal, working around Congress to grant amnesty to illegal aliens, AND raising one billion dollars for his reelection campaign, there is simply not one hell of a lot of time left to worry about 14 million unemployed Americans and millions more who are under-employed.
More bad news: Unemployment rose to 9.2 percent in June, as employers continue to be rattled by uncertainty over the economy.
Obama’s pro-regulation, pro-tax and anti-business positions have created angst among those with the power to hire new employees.
As reported at the reference, under the leadership (??) of this president, the unemployment numbers are STILL headed in the wrong direction:
WASHINGTON (AP) — Hiring slowed to a near-standstill last month. Employers added the fewest jobs in nine months and the unemployment rate rose to 9.2 percent.Is rising unemployment another misery that Americans just need to “get used to,” Mr. President?
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.
Businesses added the fewest jobs in more than a year. Governments cut 39,000 jobs. Over the past eight months, federal, state and local governments have cut a combined 238,000 positions.
The latest report offered evidence that that the recovery will be painfully slow. Two years after the recession officially ended, companies are adding fewer workers despite record cash stockpiles and healthy profit margins.
Hiring has slowed sharply in the past two months, after the economy added an average of 215,000 jobs per month in the previous three months.
Economists have said that temporary factors have, in part, forced some employers to pull back. High gas prices have cut into consumer spending. And supply-chain disruptions stemming from the Japan crisis slowed U.S. manufacturing production.
Whatever happened to the promise of Hope and Change? So far we have seen a lot of change but not much hope.
Again: Where are the jobs, Mr. President?
