June 19, 2013

Politics

Obama complains that GOP is talking down the economy

BY: JOEL GEHRKE AUGUST 9, 2012 | 3:00 PM
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President Obama criticized his political opponents for trying to portray the economy in as poor a state as possible during a Colorado campaign stop.

“[Y]ou hear folks for political reasons trying to paint things as dark as they can, let me tell you something — there isn’t a country on Earth that wouldn’t trade places with the United States of America,” Obama said in Pueblo, Colorado today.

The White House, on the other hand, tries to paint things as brightly as it can, for understandable reasons. Just last week, Obama’s top economic adviser quibbled with the official unemployment rate announced in the Labor Department’s July jobs report.

“The household survey showed that the unemployment rate ticked up to 8.3% in July (or, more precisely, the rate rose from 8.217% in June to 8.254% in July),” said Alan Krueger, who chairs the White House Council of Economic Advisers.

The July report showed 195,000 fewer Americans working than in June.

 

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