“REPUBLICAN” CALLS LATEST NUMBERS A “KICK IN THE GUT”
Presumptive Republican presidential nominee Mitt Romney blasted another underwhelming government jobs report – calling June’s disappointing data a “kick in the gut” to American workers.
“American families are struggling,” the former Massachusetts governor said during a break from his family vacation in New Hampshire. “There’s a lot of misery in America today, and these numbers understate what people are feeling and the amount of pain which is occurring in middle class America.”
Romney also moved quickly to place the blame for America’s stagnating employment situation on U.S. President Barack Obama.
“The highest corporate tax rates in the world do not create jobs,” Romney said. “Highest regulatory burdens in our nation’s history – those do not create jobs. Trade policies that have not opened up new markets for American goods, particularly in Latin America, those don’t create new jobs. Failing to effectively crack down on China for cheating and stealing American jobs, that has not helped.”
“The president’s policies have not gotten America working again, and the president’s going to have to stand up and take responsibility for it,” Romney added.
Obama, who was campaigning in Ohio, did his best to put a positive spin on the numbers.
“It’s still tough out there,” Obama said, but he claimed that the 80,000 new jobs created last month represented a “step in the right direction.”
Really? Experts agree that the American economy needs to create at least 130,000 new jobs each month just to keep pace with its expanding population. That’s a benchmark it hasn’t hit since February.
In fact if America’s labor participation rate had remained constant through Obama’s term, unemployment would be roughly 11 percent – not the 8.2 percent reported this week by the Bureau of Labor Statistics (BLS).