New unemployment numbers: Quick, blame Bush!

By Michelle Malkin  •  July 2, 2009 09:20 AM

Waiting for “we inherited this” spin from the White House…

Employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9.5 percent, suggesting that the economy’s road to recovery will be bumpy.
The Labor Department report, released Thursday, showed that even as the recession flashes signs of easing, companies likely will want to keep a lid on costs and be wary of hiring until they feel certain the economy is on solid ground.

June’s payroll reductions were deeper than the 363,000 that economists expected.

However, the rise in the unemployment rate from 9.4 percent in May wasn’t as sharp as the expected 9.6 percent. Still, many economists predict the jobless rate will hit 10 percent this year, and keep rising into next year, before falling back.

All told, 14.7 million people were unemployed in June.

Via AP.

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Posted in: fiscal stimulus

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Comments


  1. #101
    On July 2nd, 2009 at 2:51 pm, Ragspierre said:

    Independents have begun to run away in massive numbers; they now oppose him 75%-23%, a huge break away from Obama and a sign that his supposed moderate stances have been exposed as shams. Every income level except the lowest also has majorities disapproving of his handling of the economy. Voters outside the “political class” oppose Obama 65%-33%.

    Rasmussen Poll

    OPERATION OVER-REACH posts another milestone…

  2. #102
    On July 2nd, 2009 at 3:10 pm, swede said:

    Rags, this is why the tea parties are so important now. Its time to ratchet up the pressure. The “independents” are turning in droves.

    All this noise about BarryO’s super high approval ratings is nonsense. Check the presidential approval ratings since FDR. Dear Leader is actually below average and sinking fast.

    http://en.wikipedia.org/wiki/Presidential_approval_rating

  3. #103
    On July 2nd, 2009 at 3:17 pm, Ragspierre said:

    All this noise about BarryO’s super high approval ratings is nonsense.

    I think I’m one of a very few people who has mentioned the skewing influence in popularity numbers that the African-American population is exerting.

    AA support is nearly unitary in these polls. That has never been true of other president’s numbers. Check it out.

    IF the numbers were corrected for THE ONE’s racial component…lots of people won’t say anything bad about him because of his race…I think the numbers would be MUCH lower.

    Never let it be said I cow-tow to PC nonesense…

  4. #104
    On July 2nd, 2009 at 3:22 pm, AlohaGuy said:

    All this noise about BarryO’s super high approval ratings is nonsense. Check the presidential approval ratings since FDR. Dear Leader is actually below average and sinking fast.

    The four highest approval ratings came after 9/11, Persian Gulf War, VE-Day, and Pearl Harbor. And coincidentally, Obama launches an attack in Afghanistan after making Bring The Troops Home a campaign theme. OK, I’m cynical this morning.

  5. #105
    On July 2nd, 2009 at 3:32 pm, spaceycakes said:

    I’m a little late to this here party, but there’s only 2 posts by lgm in a forum with ‘blame Bush’ in the title??

    Well, slap mah face & stuff me wit chit’lins!

  6. #106
    On July 2nd, 2009 at 3:34 pm, swede said:

    AlohaGuy said:
    All this noise about BarryO’s super high approval ratings is nonsense. Check the presidential approval ratings since FDR. Dear Leader is actually below average and sinking fast.
    The four highest approval ratings came after 9/11, Persian Gulf War…

    Morning Aloha. And sadly, 41 lost the election just 10 months after that. I guess it was the economy, stupid.

    Cynicism approved.

  7. #107
    On July 2nd, 2009 at 3:43 pm, Ragspierre said:

    Spacey said:

    I expect Edlewuss and Ilovemycuber will crawl out of bed sometime this afternoon, shake off their drug-induced stoooooper, and post here.

    lgm has kind of shot his history-revising, outright lying wad for the time being. I expect his keyboard is hot with KosSACK research to find something…anything…

  8. #108
    On July 2nd, 2009 at 3:47 pm, AlohaGuy said:

    The difference is that Reagan was a great President and great Presidents don’t deserve blame for things that happen during their watch.

    lgm you have to lock your keyboard when you go to lunch, or the grad students will keep messing with your computer.

  9. #109
    On July 2nd, 2009 at 3:52 pm, Ragspierre said:

    lgm you have to lock your keyboard when you go to lunch, or the grad students grounds-keeper union steward will keep messing with your computer.

    FIXED…

  10. #110
    On July 2nd, 2009 at 4:03 pm, swede said:

    So, when is lgm notout to lunch. Just sayin.

  11. #111
    On July 2nd, 2009 at 4:34 pm, William Teach said:

    Kosbats give it a good try of blaming Bush and those before him

    Digging ourselves out of the hole that 30 years of transferring wealth upward through egregious tax policies, off-shoring jobs, continuing out-of-whack defense spending, and failing to invest adequately in infrastructure and innovation is going to take better tools than we now have available to us. Will the White House and Congress provide them?

    Well, considering that a. that was an idiotic view of what happened, and b. Obama and the Dem congress seem to live in their own little world, I would say no.

    They just do not seem to understand that it is government policies which have created the most problems in employment.

  12. #112
    On July 2nd, 2009 at 4:47 pm, BOB said:

    On July 2nd, 2009 at 3:17 pm, Ragspierre said:

    IF the numbers were corrected for THE ONE’s racial component…lots of people won’t say anything bad about him because of his race…I think the numbers would be MUCH lower.

    Never let it be said I cow-tow to PC nonesense…

    I totally agree, there is virtually nothing Obama can do or not do that would drop his black support below %95.

    And plenty of others, ecpecially whites, are reluctant to say anything negative for fear of being thought of as racist.

  13. #113
    On July 2nd, 2009 at 4:54 pm, spaceycakes said:

    And plenty of others, ecpecially whites, are reluctant to say anything negative for fear of being thought of as racist.

    LOLBOB–you ust have been reading the forum regarding Sharpton’s, ahem, ‘dancing’.

  14. #114
    On July 2nd, 2009 at 4:58 pm, Ragspierre said:

    And plenty of others, ecpecially whites, are reluctant to say anything negative for fear of being thought of as racist.

    Isn’t is strange…and revealing…that nobody touches this.

    Not just in the MSM, where we kind of expect this studied refusal to deal with reality. I’ve never seen anyone in the conservative punditry take this on, either.

    Maybe it is one of those radioactive topics that we have to lead our thinkers on…

    If so, consider yourselves led, certified smart people…

  15. #115
    On July 2nd, 2009 at 5:05 pm, spaceycakes said:

    I am so tired of this bloody ‘global guilt’ (to borrow a phrase from ‘AbFab’)–if it’s not racism it’s homophobia; if not homophobia it’s the damn adoration of chloropyll.

  16. #116
    On July 2nd, 2009 at 5:33 pm, Ragspierre said:

    Spacey;

    Guilt seems to be one of those indulgences that affluence permits us to wallow in…kind of like celebrity worship.

    I remember, in high school in the 60′s, an assembly where a movie on slavery in the US was screened. A lot of the kids were visibly shaken and manifesting guilt. I remember thinking, “Whoa, this is news? And, what’s with this guilt? We weren’t there, and we didn’t do any of this.” My high school class president was a black kid, and that was in a school that was about 75% white, 10% Hispanic, and the rest Black and Asian.

    I don’t remember the context, but I heard this…or something like it…a while back:

    The Baby Boom and younger generations worry about how much ice the Polar Bears have.

    Every generation before worried about how to properly cook a Polar Bear.

  17. #117
    On July 2nd, 2009 at 5:49 pm, spaceycakes said:

    well, Ragspierre, we’re both considered ‘boomers’–why didn’t the guilt stick to us?

  18. #118
    On July 2nd, 2009 at 5:59 pm, Ragspierre said:

    Well, in my case…

    I’m a hard-headed rationalist.

    Like the character in Analyze This said about being an idiot, “I’m known for it…”

    I’ve got plenty about which I can feel guilty. I NEVER needed to take on more…not even (or especially) when someone insisted I should.

    I have a well-developed “SCREW THAT” reflex.

  19. #119
    On July 2nd, 2009 at 6:07 pm, swede said:

    Boomers! We don’t suffer from insanity, we enjoy every minute of it!

  20. #120
    On July 2nd, 2009 at 11:36 pm, Member-VRWC said:

    On July 2nd, 2009 at 11:22 am, jsr said: I work in commercial construction and our new jobs are down around 70% this year. One thing on everybody’s mind is “Where are the stimulus projects?”

    Obama’s Czar of Stimulus Project is still trying to round up a bunch of the chronically unemployed, who Robert Reich indicated would be the backbone of the workforce that will work the stimulus project, esp. in construction.

    Hang on just a little bit longer, and as soon as the Czar can assemble enough people to put down the crack pipe or get released from jail, things will really start rolling.

  21. #121
    On July 2nd, 2009 at 11:42 pm, Member-VRWC said:

    On July 2nd, 2009 at 11:28 am, sonofdy said:
    Bush Frank and Dodd’s asleep-at-the-switch “regulators” butt-boys at Fannie and Freddie let huge imbalances build up that caused our current downturn. It will take at least another year Obama being impeached and convicted to start anything that feels like a recovery to ordinary working people.

    Fixed it.

  22. #122
    On July 3rd, 2009 at 12:11 am, Member-VRWC said:

    On July 2nd, 2009 at 11:28 am, sonofdy said:

    Oooops! sonofdy did not say that. He was quoting lgm who did say that a few comments before. I picked up sonofdy’s name on the comment by mistake.

    My bad … and apologies to sonofdy. The usual Bronx cheer to lgm.

  23. #123
    On July 3rd, 2009 at 11:03 am, Cogs said:

    Man, I would love to attend a Barry Obama town-hall meeting. I would ask, “Mr. Obama, you’ve been quite adept at denouncing the prior administration; but, when will you start to accept responsibility for the problems you’ve created in this country?” I’d love to here his answer; I’ll bet I would get the “evil-eye”!

  24. #124
    On July 8th, 2009 at 9:44 am, 8 My Foot said:

    Gotta love how the MSM spins this. The road to recovery will be “bumpy”. A 26 year high in the unemployment rate under President Bush would warrant “The road to recovery is no where in sight. The 9.6% rate is devastating!”.

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