90.8% still working in US – what's the problem?

This just in:

The United States economy added a meager 18,000 jobs in June, up from a gain of a revised 25,000 jobs in May, the Department of Labor said on Friday. The unemployment rate rose to 9.2 percent in June from 9.1 percent in May, the department said.

It’s bad but who cares anyway says Obama’s top man.

President Obama’s senior political adviser David Plouffe said Wednesday that people won’t vote in 2012 based on the unemployment rate.

Recessions do end as this one eventually will but it is taking an unconscionably long time.

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7 Responses to 90.8% still working in US – what's the problem?

  1. JC.

    President Obama’s senior political adviser David Plouffe said Wednesday that people won’t vote in 2012 based on the unemployment rate.

    Whistling past the grave yard. He’s crazy. They had better get their resumes updated.
    He’s going back to community organizing after this.

  2. Infidel Tiger

    Those 18,000 jobs must have cost tens of millions each in “stimulus”.

    He’s going back to community organizing after this.

    Unless he’s organising Pyongyang, he aint qualified.

  3. Jim Rose

    President Obama’s senior political adviser David Plouffe said Wednesday that people won’t vote in 2012 based on the unemployment rate.

    Karl rove might beg to differ. He has a sharp mind and as he noted recently in the WSJ:
    • The last president re-elected with unemployment over 7.2% was FDR in 1936.
    • Ronald Reagan overcame 7.2% unemployment because the rate was dropping dramatically (it had been over 10%) as the economy grew very rapidly in 1983 and 1984.
    • The Fed says growth will be less than 3% this year and less than 3.8% next year, with unemployment between 7.8% and 8.2% by Election Day.
    • Mr. Obama has problems with his base. Jewish voters are upset with his policy toward Israel; the left-wing are angry over Obama’s failure to deliver a leftist utopia.
    • Weak Jewish support could significantly narrow Mr. Obama’s margin in states like Florida, while a disappointed left could deprive him of the volunteers so critical to his success in 2008.
    • Mr. Obama’s standing has declined among other, larger groups that all points to severe trouble in suburbs and midsized cities in states likes Colorado, Indiana, Ohio, Pennsylvania and Nevada as well as among youth too, but
    • In politics, 17 months can constitute several geological ages. Political fortunes can wax and wane. weak incumbents can defeat even weaker challengers.
    HT: http://rove.com/articles/323

  4. Myrddin Seren

    I wondered if BHO’s crack political adviser advanced a thought on what people would be voting for:
    People won’t vote based on the unemployment rate, they’re going to vote based on: ‘How do I feel about my own situation? Do I believe the president makes decisions based on me and my family?’
    If you are unemployed – your situation ain’t so hot – but they seem to be writing them out of the equation ?
    One can speculate as to who they do see as the Democrat support base in 2012 but, based on the example of our own left-of-centre party – the notional Democrat support base will have largesse thrown at them so huge, we will pretty quickly understand the game.

  5. Capitalist Piggy

    The chart that keeps giving.

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