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June Jobs Report Shows Unemployment Has Remained Unchanged: Is This Good or Bad News for Obama?

Chris D 2012/07/06 19:00:00
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The jobs number is a big factor in the election. The fact that the June number is flat is very interesting for the political landscape. Many pundits have suggested that President Obama is running against the economy, not Mitt Romney. But with the jobs growth number unchanged, Obama might actually have to run against Romney after all. Is the news good or bad for the President?

MONEY.CNN.COM reports:
Hiring was lukewarm last month, with employers adding jobs but not enough to bring the unemployment rate down.
money cnn reports hiring lukewarm employers adding jobs unemployment rate

Read More: http://money.cnn.com/2012/07/05/news/economy/jobs-...

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  • Heisenberg 2012/07/06 19:09:19
    Bad
    Heisenberg
    +37
    More Americans were added to the disability roles than got new jobs last month and Obama and his Harvard educated economists promised 5.6% unemployment if he got his trillion dollar 'stimulus' package.

    harvard educated economists promised 5 6 unemployment dollar stimulus package

    Do the 50% of Americans that pay no federal income tax care?
    Unlikely.

    Do the record setting number of Americans that receive government money care?
    Probably not.

    Do the political activists that will vote Obama no matter what care?
    Of course not.

    Does not matter what the facts are. 90% of the media will report these bleak numbers as good news. Fox and a few blogs will report it as bad news and most Americans will focus on Matthew McCaunaghey's new baby.

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  • Bevos MS PRUD 2012/08/19 14:08:22
    Bevos
    And the left SWEARS by them. Whodathunkit?
  • r m 2012/07/10 17:44:19
    Bad
    r m
    +3
    he promised that if we borrowed $1 billion from China to fund his stimulus program that unemployment would be < 8% (we did & unemployment has been > 8% every month since). he also promised that the stimulus would be 5.6% by now with the benefits of his stimulus (which included $445M to Solyndra, which went bankrupt).
  • txtumlin r m 2012/07/12 01:35:46
    txtumlin
    Begs the question of where that 445Mil went to doesn't it? I think it's within the scope of reason that Most of it went into offshore bank accounts to pad retired government employees future lifestyles.

    Jus' sayin'!
  • Merrick 2012/07/10 15:34:29
    Bad
    Merrick
    +4
    Obama has promised to everyone in the United States that 'we're heading in the right direction' well that direction is essentially a straight line. Now mind you, that it was theorised that hiring will slack off in the summer, but it hasn't increased. So yes, I would say that Obama is being hurt, and will be hurt by these numbers. Now granted it wasn't just the president, but he is 'the face' of politics, so no matter what the jack wagons in congress screw up, he will get the brunt of it, didn't really help that Obama's programs were largely ineffectual from the get go.
  • txtumlin Merrick 2012/07/12 01:37:00
    txtumlin
    Ineffectual, good word!
  • Michael 2012/07/10 15:00:12
    Neither
    Michael
    +1
    Obama can only actually do one thing to create jobs. Create government jobs the way FDR did. He doesn't control companies and their poilicies. He can however remove tax discounts from companies who outsource or off shore jobs to get cheaper labor rates. He can tax companies who incorporate in other countries to avoid the 35% tax rate for a 10 or 15% rate in countries like Belgum and Luxembourg or Switzerland.
  • USAF Vet Michael 2012/07/11 10:08:54
    USAF Vet
    +2
    Create government jobs..are you out of your frik-in mind?
  • txtumlin USAF Vet 2012/07/12 01:37:45
    txtumlin
    No ca-ca!
  • Michael USAF Vet 2012/08/03 12:45:28
    Michael
    Ckeck your history buddy before you question anything about someones mind. Check the government programs created after WWII. That's one of the things he can do. Have you ever heard of public works ie highway and bridge projects. You are the one who needs a head-check.
  • Bob DiN Michael 2012/07/12 14:08:37
    Bob DiN
    Big government is the problem not the cure.
  • Michael Bob DiN 2012/08/03 12:51:02
    Michael
    The problem with Big Government is that they spend too much on the military and Government Gants to countries that no longer need them. That's because they acquest to lobby groups who don't care about the working people having to pay for these. On the other hand privatizing allows greedy business owners to rod the treasury bilnd as many are doing right now.
  • Bob DiN Michael 2012/08/03 13:58:07
    Bob DiN
    Big Goverment does spend too much but I wouldn't single out the military. They are not that big of a percentage of the budget. There is waste and corruption in all aspects of big government. That's why we are in the mess we are in. A national deficit of $16.3 trillion and a devalued US dollar. The unemployment rate just went up to 8.3% and we are facing tax increases in addtion to all the taxes we pay already. Last year we were downgrade for the first time in US History. We are in need of fiscal responsible conservatives who believe small competent honest government. We are on the road to Greece and are almost there.
  • Todd_I Michael 2012/07/12 15:05:57
    Todd_I
    Penalties do not work as well as incentives. Apple, for example does all of its production overseas because of two reasons. First, labor is less expensive. But, second, and more important to Apple is the time it takes to get production going in the US (design, engineering, government approval, construction -- which are all highly regulated) is too slow for the pace of high tech industry innovation. American industry is going other places because it is too difficult to do business in the US. A president, and congress, have control over regulation. Obama and the DNC are continually pushing for more regulation and more taxes. Both of these items are brakes that are causing our economy to crawl. Tax penalties cause American business to simply leave the US--it does not in anyway foster domestic industry. Europe has had stagnant economies for the last half century. Germany and England, who have the least regulations and the most open exchange, are the economic engines in the EU. Nobody looks to Belgum, Lux, or Switzerland as models of prosperity.
  • Larry M Michael 2012/07/25 16:15:04
    Larry M
    Business owner are holding on to their cash and growth because they are waiting to see how much it will cost to comply with Obama Care (which will be much). They are waiting to see what the Tax situation will be in January. What a president can do is remove regulatory road blockes and unnessary hurdles to make starting and growing business as easy as possible. Under the best circumstances it is very hard and requires you to risk everything. It requires you to work more than 9 to 5, it requires many sleepless nights due to stress. Has it occurred to you that even if you are so poor that you get your healthcare free that for business to survive they will have to raise prices to pay for it? You might not have to pay taxes directly, but get ready to pay up the yeng yang indirectly . And if you do have to buy your own healthcare or pay the tax to get it? You will also pay for those and the price increases business will have to charge to pay their portion. You need to think beyond the feel good sound bite" every one will have free health care".
  • Todd_I 2012/07/10 14:31:34
    Bad
    Todd_I
    +4
    Obama running against job/economy and Romney are the same thing. Romney is a financial expert like no president we've seen in the last 90-100 years. If the economy were running without a problem Obama would coast to re-election. But, beyond the election, our government needs to be streamlined so that when we pay our tax it goes to programs that work and are run effeciently. We have too many programs that we pour billions of dollars in without the program solving the problem it is intended to solve. Obama has been unwilling to tackle the base problem of wasteful government spending that undermines the entire economic system of our society. Romney, on the other hand, has spent the last 35 years (mostly successful) at re-organizing companies to make them financially sound and successful.
  • txtumlin Todd_I 2012/07/12 01:38:57
    txtumlin
    +1
    There it is Todd, you nailed it!
  • tammy carter 2012/07/10 13:13:50
    Neither
    tammy carter
    +2
    The President can't solve this problem by his self it take all leaders to stop this all parties, he just one voice, and the Amercain People is too blind
  • USAF Vet tammy c... 2012/07/11 10:09:58
    USAF Vet
    +1
    Brilliant!

    head up ass
  • Pamela ... tammy c... 2012/07/11 23:03:18
  • susan 2012/07/10 13:05:59
    Bad
    susan
    +5
    However, the only way the jobs report can state that unemployment has stayed the same is by manipulating the numbers. The feds are now using a number of eligible workers in the US at 63% of the adult population. That is the lowest number in the workforce since 1981. The true number of unemployed and underemployed in this country is well into double digits.
    It takes roughly 165,000 new jobs to stay even with the increasing numbers of people coming into the work force. In order to get back to the unemployment rate that we had before the Obama administration took office, we would need to add 350,ooo-400,000 jobs per month for the next three years.
  • txtumlin susan 2012/07/12 01:40:48
    txtumlin
    +2
    Now, THAT is scary digits Susan :)
  • kurtanderson1 2012/07/10 12:54:52
    Bad
    kurtanderson1
    +2
    It's bad, but the biased liberal media whores will somehow paint it as a good thing.
  • Gina 2012/07/10 12:24:19
    Neither
    Gina
    +1
    The "job creators" have not had any taxes raised; therefore, why aren't they creating jobs? Why do we blame the president when the "job creators" are quite adamant that they should operate with minimal taxation so that THEY could create jobs. You can't claim responsibility for something, then blame it on someone else when things are not panning out. Right "job creators"? She hears crickets chirping.
  • beavith1 Gina 2012/07/10 18:19:04
    beavith1
    +1
    capital strike.

    fear of punishment of success.

    he's incompetent.
  • txtumlin beavith1 2012/07/12 01:41:59
  • beavith1 txtumlin 2012/07/12 04:53:46
  • Eric Gina 2012/07/11 02:39:43 (edited)
    Eric
    +2
    I suspect that you are just making rhetorical statement but I will answer anyway. Some of us have gone John Galt and left the workforce and not tried to find work. When the government wants to provide so much to us, unemployment, free health care, food stamps, etc, why work. Time is our most valuable possession.
    And the big guys aren't hiring because they see a government that is overly meedling. Boeing is a great example, one of our great industries that pays people very well and greatly helps with our exports. They can't build a plant in South Carolina because the government told them not to. What? And then there is the GM legacy. People who bought GM bonds lost when the government took over. Dealerships were forced to close. The rule of law was not followed by the overly intrusive government. And then there are crony corporatism, in which friends of government got money from the government and then competed with companies trying to succeed without government. Why bother? And then if you find success, you are vilified by the government for your wealth.
    Investers don't know what government will do to them so why should they risk their money. They are sitting on tons of money, waiting for a sign that government will not ruin things for them. Uninvested money is not taxed so why invest.
  • charlie Eric 2012/07/11 13:37:12 (edited)
    charlie
    If you choose to stop looking for a job & live off the govt, how is the Prez the blame? The bush taxcuts have been around for a while. In one breathe the GOP says top earners are the job creators, the other side of their mouth "govt doesn't create jobs", but blames the Prez for the jobs they haven't created! No one is vilifying the wealthy, but when the country needs to recover from unpaid wars, spending sprees, foolishness& greed, someones gotta make it happen.
  • Eric charlie 2012/07/11 14:27:01
    Eric
    +3
    I am sorry that you are having trouble understanding the issue. Let's try another approach. Various organizations rate countries and states on their business climate, how many regulations they have, how onerous are the requirements to start and maintain a business, business taxes, etc. Businesses look at that stuff when they think about expanding. So, yeah, the private sector creates jobs but the public sector can greatly impact things. The government in Wisconsin has made steps recently and businesses are more likely to build and expand there now.
    http://www.wispolitics.com/in...

    As to your comment that if I choose to stop looking and live off the govt how is it the Prez's fault? Well, it is my "fault" of course. A good leader provides incentives, understands carrots and sticks and motivates people like me to do what is best for the country. I grew up profoundly influenced by JFK's "Ask not what your country can do for you but what you can do for your country". BHO's website now says "What can Obamacare do for you". Obama wants me to rely on the government. He doesn't ask me to work. His power increases when more and more rely on him. Like old Roman times when the Caesar passed out bread and gladiator tournaments. JFK motivated people to volunteer, to help their f...

    I am sorry that you are having trouble understanding the issue. Let's try another approach. Various organizations rate countries and states on their business climate, how many regulations they have, how onerous are the requirements to start and maintain a business, business taxes, etc. Businesses look at that stuff when they think about expanding. So, yeah, the private sector creates jobs but the public sector can greatly impact things. The government in Wisconsin has made steps recently and businesses are more likely to build and expand there now.
    http://www.wispolitics.com/in...

    As to your comment that if I choose to stop looking and live off the govt how is it the Prez's fault? Well, it is my "fault" of course. A good leader provides incentives, understands carrots and sticks and motivates people like me to do what is best for the country. I grew up profoundly influenced by JFK's "Ask not what your country can do for you but what you can do for your country". BHO's website now says "What can Obamacare do for you". Obama wants me to rely on the government. He doesn't ask me to work. His power increases when more and more rely on him. Like old Roman times when the Caesar passed out bread and gladiator tournaments. JFK motivated people to volunteer, to help their fellow man. BHO motivates people to drop out and feed at the govt tit.If he is dumb enough to subsidize people like me who have stopped working than he deserves what he gets.

    Some of the other stuff you wrote is just silly. There are no "unpaid" wars. The people got paid. We haven't had a budget since March, 2009 so by your definition everything now is "unpaid".
    (more)
  • Gina Eric 2012/07/23 03:07:40
    Gina
    +1
    I'm in agreement that those collecting money without earning it is a root (of many others) that has bankrupted this country; however, I became acutely aware of this about or around 2004, pre-Obama. I'm quite certain that repulsive greedy lawyers are at the helm of this disgusting practice, again pre-Obama. Also, I did not "define" unpaid, but I do know I pay out pf my ass for health insurance
  • Gina Gina 2012/07/23 03:19:57
    Gina
    +1
    Sorry Eric, hit post too soon. Again I pay to the tune of $1,200 a month for health insurance and still have to scrape for a $500 deductible. How does this help the economy? I can't fathom why anybody would think this is ok? Healthcare and the lack of it bankrupts hardworking families. I'm perplexed that people think the ACA is some evil demon. Our healthcare sucks!!! Somebody had to stand up to the industry. Now all the "job creators" are going to withhold jobs because they're afraid of being bankrupted by ACA legislation? Perhaps they ought to try on our moccasins for a while.
  • Eric Gina 2012/07/23 04:48:39
    Eric
    +1
    I think that govt money tends to corrupt the marketplace. When easy financing for college loans, govt insured, is available colleges simply raised their tuition rates much faster than the cost of living. I have no idea what medical care would cost if people paid out of pocket but I suspect much less. You may be living in a state that mandates that insurance companies cover a lot of stuff beyond emergency and 100% necessary medical care. Things like Viagra, birth control, massage, family counseling, etc. Some states require a lot more mandates than others. And you may be paying more because your state wants more equality in rates so young people are paying much more than they should to cover older people. With govt, special interests add on mandates and costs go up. The govt could have just covered high deductible, catastrophic major medical through increased Medicare taxes.

    Part of ACA will be "paid for" by taxing medical suppliers, pharmaceticals, hospitals. Those costs will be passed on to consumers and many will see rates increased. My insurance jumped up 71% in 3 years. $500 billion, over 10 years, will come from reductions in Medicare payments. That has to hurt somewhere, probably retirees who paid into the plan based on promises.

    I do not believe the rhetoric t...



    I think that govt money tends to corrupt the marketplace. When easy financing for college loans, govt insured, is available colleges simply raised their tuition rates much faster than the cost of living. I have no idea what medical care would cost if people paid out of pocket but I suspect much less. You may be living in a state that mandates that insurance companies cover a lot of stuff beyond emergency and 100% necessary medical care. Things like Viagra, birth control, massage, family counseling, etc. Some states require a lot more mandates than others. And you may be paying more because your state wants more equality in rates so young people are paying much more than they should to cover older people. With govt, special interests add on mandates and costs go up. The govt could have just covered high deductible, catastrophic major medical through increased Medicare taxes.

    Part of ACA will be "paid for" by taxing medical suppliers, pharmaceticals, hospitals. Those costs will be passed on to consumers and many will see rates increased. My insurance jumped up 71% in 3 years. $500 billion, over 10 years, will come from reductions in Medicare payments. That has to hurt somewhere, probably retirees who paid into the plan based on promises.

    I do not believe the rhetoric that ACA will reduce insurance costs by $2,500. That simply defies logic. The CBO stated that costs will go up for millions.
    I don't believe that many will be helped by this. My son is like millions who sometimes works enough to qualify for insurance and sometimes doesn't. So he won't have insurance when he did not have enough hours the month previous. So now when he is out of work he will have to come up with insurance money. And he won't qualify for subsidies because he may be over the annual limits, even though he is currently not working. Any seasonally employed people will suffer.
    The self employed will suffer. Someone working in a salaried position earning $50K/yr that gets $20K in employer health insurance and $15K in retirement accounts will be fine while the self employed person earning $70K has to not only pay income tax on $70K but also pays twice the SS and Medicare payroll taxes and will now have to buy medical insurance that he doesn't need or pay a tax. For most people between 20 and 55 the occassional cost of an office visit will be less than the insurance or tax.

    There are better solutions to health care than giving big special interests (medical suppliers, insurance companies, hospitals, etc) extra money on the backs of the working middle class.
    (more)
  • txtumlin charlie 2012/07/12 01:43:34
    txtumlin
    +1
    Sounds logical to me!
  • USAF Vet Gina 2012/07/11 10:12:10
    USAF Vet
    +4
    Because the 'job creators' haven't a clue what's up Obummer's sleeve...what hat trick he's going to pull out next in his quest to destroy the private sector!
  • Larry M Gina 2012/07/11 18:31:32
    Larry M
    +3
    They are facing the exploding cost of Obama care, potential tax increases in January and economic uncertainty. Until they know what they are facing no one will risk expanding only to find that they have spent the money they are setting aside that may be needed to survive the next few years.
  • susan Gina 2012/07/12 15:37:28 (edited)
    susan
    +1
    The job creators, Gina, are for the most part small businesses. They aren't creating jobs, and in many cases are not even keeping the workers they have, because the government has made it onerous to do so. It's not just taxes, but the entire regulatory and legal system.

    For example, Obama appointed US Treasury Sec Geithner, just after Congress had passed the TARP legislation, giving him full rein to make up the rules for the banks that would receive that money. Geithner was so ignorant of the economic circle and cause and effect that he issued orders that banks getting TARP money had to get out of all real estate and construction loans by any means possible, and that the TARP money was not to be used to fund EX:ISTING loans - the source of the banks' distress - but only for NEW loans. The banks then called those EXISTING loans without cause, bankrupting or forcing businesses out of business, reducing and/or ending business lines of credit, causing layoffs, and generally disrupting the entire economic order.

    Those regulations effectively destroyed the jobs market throughout the US economy, both in construction, in directly related manufacturing and service industries, and, ultimately, to the consumer market (appliances, furniture,etc). The Federal Reserve of St. Louis studie...




    The job creators, Gina, are for the most part small businesses. They aren't creating jobs, and in many cases are not even keeping the workers they have, because the government has made it onerous to do so. It's not just taxes, but the entire regulatory and legal system.

    For example, Obama appointed US Treasury Sec Geithner, just after Congress had passed the TARP legislation, giving him full rein to make up the rules for the banks that would receive that money. Geithner was so ignorant of the economic circle and cause and effect that he issued orders that banks getting TARP money had to get out of all real estate and construction loans by any means possible, and that the TARP money was not to be used to fund EX:ISTING loans - the source of the banks' distress - but only for NEW loans. The banks then called those EXISTING loans without cause, bankrupting or forcing businesses out of business, reducing and/or ending business lines of credit, causing layoffs, and generally disrupting the entire economic order.

    Those regulations effectively destroyed the jobs market throughout the US economy, both in construction, in directly related manufacturing and service industries, and, ultimately, to the consumer market (appliances, furniture,etc). The Federal Reserve of St. Louis studied the job losses, noting that 22% were directly in the construction market, and many more in related industries.

    The courts have upheld the ability of the banks to do so, with a federal judge in Chicago ruling that evidence of verbal fraud by the banks was not admissible, and that the banks had "the right" to do so. State district courts have rubber-stamped foreclosures on real estate and construction loans for no reason. Foreclosure attorneys have acted without ethics in selling the bank notes on those properties for 10% of value to insider-connected companies set up by the bankers who made the loans in the first place, refusing much higher offers from outside investors, while the FDIC took over the liabilities and paid back the bank for its losses.

    The people who were hurt in these schemes, by the rules made by government, were the small businesses, the workers and the consumer. They are still hurting, and the ones who survived operate cautiously and do not trust the government rulers. The multiple taxes yet to come and the regulatory requirements of the Affordable Care Act are yet to be seen. The IRS will be writing the rules, drawing up the forms and regulations that small businesses will be required to comply with. The uncertainties of what size the next government boot will be and how much it will damage the business are still up in the air. Who would want to gamble the savings they invest in the business under these conditions?
    in
    (more)
  • Larry M susan 2012/07/25 16:35:35
    Larry M
    +1
    Have any one of you noticed that the Liberal writers have fled this topic ? I think we scared them all off with logic and facts.
  • Tom 2012/07/10 10:55:45
    Bad
    Tom
    +4
    He sure didn't keep his promise that passing the first stimulus bill woould put everyone back to work anbe at a 5% unemploymnet rate by now....
  • Watermusicranger 2012/07/10 08:26:05
  • TheTruth1313 2012/07/10 06:09:54
    Bad
    TheTruth1313
    +4
    Simply put, if the media is actually reporting that the situation is just as bad, it is highly likely that the actual U4 number(the true %UE) will show that it has gotten even worse.

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