President Barack Obama will make a statement addressing the terrible June jobs report this morning.
Republicans say he has some explaining to do.
Speaker of the House John Boehner released a statement minutes after the new unemployment figures were released critical of Obama and Democrats’ actions on the economy.
“Today’s report is more evidence that the misguided ‘stimulus’ spending binge, excessive regulations, and an overwhelming national debt continue to hold back private-sector job creation in our country,” he said.
“Today’s unemployment report is another stark reminder of the failure of President Obama’s economic policies,” said GOP Presidential contender Rep. Michele Bachmann (R-MN). “The President promised if we passed the massive stimulus package that unemployment wouldn’t go above 8 per cent, we are now at 9.2 per cent.”
Obama will speak from the Rose Garden at 10:35, the White House said in a late addition to the President’s schedule. Republicans will hold a press conference on the jobs numbers at 9:30.
Boehner’s full statement is below:
“The American people are still asking the question: where are the jobs? Today’s report is more evidence that the misguided ‘stimulus’ spending binge, excessive regulations, and an overwhelming national debt continue to hold back private-sector job creation in our country. Legislation that raises taxes on small business job creators, fails to cut spending by a larger amount than a debt limit hike, or fails to restrain future spending will only make things worse – and won’t pass the House. Republicans are focused on jobs, and are ready to stop Washington from spending money it doesn’t have and make serious changes to the way we spend taxpayer dollars. We hope our Democratic counterparts will join us and seize this opportunity to do something big for our economy and our future, and help get Americans back to work.”
Read Rep. Michele Bachmann’s statement below:
“Today’s unemployment report is another stark reminder of the failure of President Obama’s economic policies. The President promised if we passed the massive stimulus package that unemployment wouldn’t go above 8 per cent, we are now at 9.2 per cent. Unfortunately, millions of Americans are suffering today as a result of the president’s broken promise and his policy of attempting to create jobs through massive government spending that has added over 35 per cent to our national debt.
“Amidst this economic freefall, it should not be lost that the architect of the President’s failed economic policies, Timothy Geithner, will head for the door after he attempts to cement the President’s legacy of massive spending and debt by raising the debt limit another $2.4 trillion dollars. We can only hope that the President will be right behind him after the next election.
“The President promised ‘shovel-ready’ projects that would create jobs, but now the President says ‘shovel-ready was not as shovel-ready as we expected.’ Mr. President, it’s time to take the shovel out of your hand and stop digging. ATM’s aren’t responsible for our high unemployment rate; your administration’s threat of higher taxes, massive government spending, and overregulation are.”
Former Utah Gov. Jon Huntsman’s statement is below:
“Rising unemployment rates and extremely anemic job creation are not acceptable. Even in great hardship, the American people have been extraordinarily patient in waiting for the better and brighter times promised to them by this Administration. Their patience has rightly worn thin. We need free-market, pro-growth policies to spark a wave of job growth – the same policies we implemented in Utah to make it the fastest-growing state in the nation. America needs new leadership to turn our country around.”
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