From Zachary Roth at Yahoo! News, we learn:
In the wake of Friday’s woeful jobs numbers, President Obama acknowledged that “we still have a long way to go and a lot of work to do” before the economy is working for Americans again.
“The economy as a whole just isn’t producing nearly enough jobs for everybody who’s looking,” Obama said in prepared comments in the White House Rose Garden. He cited “tough headwinds” that are exerting a drag on the economy, including natural disasters, high gas prices, economic turmoil in Europe, and state and local government budget cuts.
And to those headwinds, I’d add a few generated by the administration’s giant “wind machine”, all those new executive orders and federal regulations putting an increased burden on the small businesses doing most of the hiring.
In case you hadn’t heard the news, here’s the report from the federal Bureau of Labor Statistics:
Nonfarm payroll employment was essentially unchanged in June (+18,000), and the unemployment rate was little changed at 9.2 percent, the U.S. Bureau of Labor Statistics reported today. Employment in most major private-sector industries changed little over the month. Government employment continued to trend down . . . .
Following gains averaging 215,000 per month from February through April, employment has been essentially flat for the past 2 months. Employment in most major private-sector industries changed little in June, while government employment continued to trend down.
Well, with government employment trending down, there will be fewer bureaucrats enforcing regulations stifling job creation. This downward trend represents a reversal of the upward tick that followed the Democratic takeover of Congress in 2007.
The president has had almost two-and-one-half years to implement economic policies. At this point in Ronald Reagan’s tenure, the economy was growing at an almost explosive rate, with jobs created at a rapid pace. Looks like it’s time for a change and time to turn to ideas which work.
*nearly twenty-four of them with an overwhelmingly Democratic Party