CBS News - "I'm not concerned about a double-dip recession," Mr. Obama said at a joint press conference at the White House with German Chancellor Angela Merkel. "I am concerned the recovery we're on is not producing jobs as quickly as I'd like."
Last week's jobs report from the Labor Department showed that the unemployment rate rose to 9.1 percent in May. Employers hired only 54,000 new workers last month, the fewest in eight months.
"We don't yet know whether this is a one-month episode or a longer" problem, the president said.
Mr. Obama pointed out today that prior to this latest disappointing report, the U.S. economy experienced three months of robust growth. He pointed to additional signs of economic recovery, such as the rebound of the domestic manufacturing sector.
But, he said, "We've still got some enormous work to do."
The president said job creation is at the top of his mind every day and that his administration has taken steps that have already helped, such as the payroll tax cut instituted.
In order to deal with more long-term competitive challenges, he said, Washington will have to invest in areas like energy and education, reform the tax system and get a handle on the national debt and deficit "in a way that's balanced and sensible."
Blog author's comments - Obama will continue this mantra until the 2012 election. He cannot honestly run on his policies or agenda.
"Prior to this month we had seen three months of very robust job growth in the private sector."
"Over 2 million jobs created over the past 15 months."
"We have set a path that will lead us to long term economic growth."
Everything he says is made to appear as though he has accomplished something great. Just the opposite has happened. He is responsible for our economy and his policies will not bring recovery.
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