When will America grow weary of the Obama administration having to constantly find a silver lining in the monthly jobs reports? Wouldn’t you rather have flat-out positive employment news, as opposed to having to find a glimmer of hope in a sea of economic despair?
The U.S. economy closed out an otherwise weak second quarter by creating more jobs than expected, with 163,000 new positions added, but the unemployment rate rose to 8.3 percent.
Markets reacted positively to the announcement, with stock futures indicating gains at the Wall Street open. Economists had been expecting 100,000 new jobs.
As the country struggles to gain growth traction, the unemployment rate held above 8 percent for the 41st consecutive month, according to the latest report from the Bureau of Labor Statistics.
The silver lining of course is the statement that more jobs were created “than expected”. Roughly every job report since Obama took office has produced numbers that were unexpected. But the numbers are almost always consistently revised downwards – quietly – a month later. Case in point, this jobs report also stated, “June’s anemic 80,000 gain was revised down to just 64,000.”
Romney responded to the record unemployment numbers under the Obama administration:
“Today’s increase in the unemployment rate is a hammer blow to struggling middle-class families. Yesterday I launched my Plan for a Stronger Middle Class that will bring more jobs and more take home pay. My plan will turn things around and bring the economy roaring back, with twelve million new jobs created by the end of my first term. President Obama doesn’t have a plan and believes that the private sector is ‘doing fine.’ Obviously, that is not the case. We’ve now gone 42 consecutive months with the unemployment rate above eight percent. Middle class Americans deserve better, and I believe America can do better.”
Can we return middle class America to prosperity? Romney thinks so, we think so. Here’s the plan…
It was just a couple of weeks ago that the Obama campaign was still trying to spin the Solyndra debacle as a “successful and innovative” venture.
… campaign spokeswoman Lis Smith said. “In fact, both Republican and Democratic administrations advanced Solyndra’s application, and the company was widely praised as successful and innovative both before and after receiving the Department of Energy loan guarantee.”
A year ago yesterday however, the administration wasn’t quite as poetic when describing the plight of the company. In an e-mail exchange involving Obama aides Dan Pfeiffer, Stephanie Cutter and David Plouffe, discussin of Solyndra’s demise prompted a one word response – “Ugh”.
Pfeiffer – “This is going to be a real pain, Solyndra is about to go under apparently.”
Cutter – “Ugh.”
What a symbolic representation of the fall of Obama’s pet solar project. The California solar company, Solyndra, once heralded by the Obama administration as a prime example of how the Recovery Act created new jobs while promoting his vision of renewable energy, closed their doors.
Obama himself spoke at the facility, praising it as “a testament to American ingenuity and dynamism.”
Once a beacon of solar light in the progressive green jobs agenda, Solyndra received a $535 million federal loan with the help of newly minted energy secretary, Steven Chu, only to find themselves staring down bankruptcy and the release of more than 1,100 workers.
What say you, Mr. President? Ugh.
Doug Ross reports on the “ugh” factor, citing a silver lining to be found in the Solyndra mess. That the company’s executives maintained respect for the taxpayers as they bilked them out of millions of dollars. And that the company remained environmentally conscious. Both of which Ross sarcastically explains – are untrue.
He adds, “Stay tuned for the musical production, Solyndr-Ugh.”