July 8, 2011

What They Are Saying

Todays Terrible Report Shows Obamas Economy Has Ground To A Halt
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Obamas Chief Economic Advisor Austan Goolsbee: The President Has Taken Responsibility (CNBCs Squawk On The Street, 7/8/11)

OBAMA AND HIS FAILED POLICIES OWN THIS MONTHS WEAK JOBS REPORT
The New York Times: Job Growth Falters Badly, Clouding Hope for Recovery (Christine Hauser, The New York
Times, 7/8/11)

CNN Money: It Marked The Weakest Month Since September, When The Economy Was Still Losing Jobs. (Annalyn Censk, June Jobs Report: Hiring Slows, Unemployment Rises, CNN Money, 7/8/11)
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CNN Money: The Job Market Hit A Major Roadblock Last Month, As Hiring Slowed To A Crawl And The Unemployment Rate Unexpectedly Rose. (Annalyn Censk, June Jobs Report: Hiring Slows, Unemployment
Rises, CNN Money, 7/8/11)

Ezra Klein: They're Terrible, Terrible Numbers. (MSNBCs Morning Joe, 7/8/11) Klein: What This Job Number, After A Bad One Last Month Too, Needs To Tell Washington Is That We Have Not Recovered (Ezra Klein, MSNBCs Morning Joe 7/8/11) CNBCs Simon Hobbs: As One Of My Colleagues Said To Me I Wonder How They Spin This? (MSNBCs
Morning Joe, 7/8/11)

ABC News: Weak Jobs Numbers Mean Bigger Headaches for WH (Amy Walter & Z. Byron Wolf, ABC News The Note,
7/8/11)

Fox News Stuart Varney: This Was An Absolutely Flat Out Terrible Report. Theres No Two Ways Around This, You Cannot Spin This Positively. (Fox News America's Newsroom, 7/8/11) MSNBCs First Read: The Numbers Are A Devastating Blow To The Markets, To The American Psyche, And To The Political Psyche In Washington. (MSNBCs First Read, 7/8/11) CNBC: U.S. Employment Growth Ground To A Halt In June, With Employers Hiring The Fewest Number Of Workers In Nine Months, Dampening Hopes The Economy Was On The Cusp Of Regaining Momentum After Stumbling In Recent Months. (Jobs Picture Gets Even Worse As Rate Swells To 9.2%, CNBC, 7/8/11) MSNBCs Chuck Todd: Big Disappointment On The Jobs Front This Hour. Hiring Is Stalled, June Unemployment Rises To 9.2%, Stock Futures Are Dropping Big-Time On The News. (MSNBCs The Daily
Rundown, 7/8/11)

Mark Zandi: Doesnt Sound Like Theres Anything Redeeming In The Report. Certainly Calls Into Question The Rebound Later In The Year. This Can Become Self-Reinforcing. (Jennifer Epstein Unemployment
Rises To 9.2 Percent, Politico, 7/8/11)

The Associated Press: Hiring Slowed To A Near-Standstill Last Month. Employers Added The Fewest Jobs In Nine Months And The Unemployment Rate Rose To 9.2 Percent. (Unemployment rises to 9.2 percent in June
as employers add only 18,000 jobs, The Associated Press, 7/8/11)

AP: The Latest Report Offered Stark Evidence That The Recovery Will Be Painfully Slow.
(Unemployment rises to 9.2 percent in June as employers add only 18,000 jobs, The Associated Press, 7/8/11)

AP: More Than A Quarter-Million People Stopped Their Job Searches In June. That Kept The Unemployment Rate From Rising Even Further. (Unemployment rises to 9.2 percent in June as employers add only
18,000 jobs, The Associated Press, 7/8/11)

The Wall Street Journal: Jobs Data Dim Recovery Hopes (Luca Di Leo & Jeff Bater, The Wall Street Journal, 7/8/11) WSJ: The Choppy Two-Year-Old Recovery Is Proving To Be One Of The Worst Since The 1930s. (Luca Di Leo & Jeff Bater, Jobs Data Dim Recovery Hopes, The Wall Street Journal, 7/8/11) The Weakness Was Broad-Based. (Luca Di Leo & Jeff Bater, Jobs Data Dim Recovery Hopes, The Wall Street Journal, 7/8/11)

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