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Saturday, July 7, 2012

Jobs Report Portends More of the Same

By: Carl Wicklander

With a stagnant 8.2% unemployment rate and only 80,000 jobs created, the June jobs report, like its past few inceptions, delivered disappointing news for President Obama. If numbers like these persist it looks like this is going to be the economy that will be on the ballot on November 6.

Yet, one man's misfortune is another man's fortune. For Mitt Romney, the bad jobs report is another stroke against a struggling incumbent. While the Republicans are still trying to make sense of Romney's latest triangulation on health care, they are stuck with him and so is the rest of the country if they determine ObamaCare and fiscal stimuli were not enough to resuscitate a tanking economy. 

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Carl Wicklander, Regular Columnist, THL Articles | Author's Page | Website

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