Jobs Figure Devastating for Obama
(Newsmax) The Obama administration was hit with devastating employment figures on Friday that showed only 18,000 new jobs were added in June – 83 percent less than the projected figure.
It is the second month in a row that Labor Department figures for new jobs have been shockingly low. In May, they stood at just 25,000 new posts.
The result is that unemployment ticked up from 9.1 percent to 9.2, meaning 14.1 million Americans are looking for work. Of those, 44 percent have been out of work for six months or more.
The figures are even worse if “long-term discouraged workers,” those who have given up hope of finding jobs, are taken into account. John Williams of American Business Analytics & Research estimates the jobless figure then would be around 23 percent.President Barack Obama again attacked Congress while addressing the June numbers. He called for investment in infrastructure, the passing of a patent bill, the signing of trade agreements and an extension of the middle class tax break as ways of getting people back to work, during a statement made in the White House Rose Garden.Obama said a successful conclusion of talks to raise the debt ceiling would help. "The sooner we get this done the sooner businesses will have the certainty needed to grow and to hire," he said, as he announced that there would be more talks with Congressional leaders on Sunday.
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This President is taking this country straight down the road of no return if we sit here idly by and do nothing. The problem we have is BOTH parties do not want to give an inch, and in the mean time, we the people are taking in the rear end. (9.2% UNEMPLOYMENT AND 14 TRILLION DEBT.) I keep preaching that most of the politicians are self serving and are in for what they can gain out of it. Then we have Nancy "The Hen" Pelosi clucking around and keeps saying that she will not support any cuts to entitlements, Pelosi says, “We are not going to balance the budget on the backs of America’s seniors, women and people with disabilities.”
As far as Pelosi is concerned, it appears she is content to keep borrowing more money from China to pay for all of the entitlement programs that she wants to fund. In the mean time, the United States of America, will collapse under the weight of our very own debt, a debt we can not pay. So if that does not tell you the story, nothing will. This is utter arrogance on the behalf of the Obama administration. He has no idea what we need, it is burned into his little pea brain that you must raise TAXES. We don’t need new taxes. We need new taxpayers, at least that is how I see it. We need people that are gainfully employed, making money and paying into the tax system. Then we need a government that has the discipline to take that additional revenue and use it to pay down the debt and never grow it again. That’s what we should be focused on, and that‘s what we’re not focused on. That's a fact.
Until we the people hold the politicians accountable, nothing will change in Washington. Obama will continue to play golf, and continue to use Air force One as his own personal transport. The average American could buy a house for the amount of money it takes to run Air Force One every hour. The U.S. military has provided an updated estimate on that cost, first published by a taxpayer watchdog group and confirmed by FoxNews.com, and the number is staggering -- $181,757 per hour. That's the price tag for shuttling around President Obama, who, as it turns out, has spent more days abroad in his first two years than ANY OTHER PRESIDENT.