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The June jobs report released on Friday was disappointing. A net loss of 125,000 jobs was reported, which was more than the 100,000 expected loss. While the unemployment rate for the nation fell from 9.7 percent in May to 9.5 percent in June, the drop is attributed to job seekers simply giving up their search.

House Minority Leader, John Boehner, was quick to criticize President Obama’s stimulus spending. “This jobs report is a disappointment for every family and every small business who heard President Obama declare just weeks ago that our economy is ‘getting stronger by the day.’ The writing is on the wall for President Obama’s ‘stimulus’ policies and everyone – taxpayers, economists, and the rest of the world – sees it but him. How much longer are we going to continue with this disastrous spending spree that is scaring the hell out of the American people and piling debt on our kids and grandkids?”

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