America's Election HQ 2012

Jobless rate rises to 8.3 percent, hiring picks up but still falling short
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"Two years after the Obama administration declared, 'welcome to the recovery,' this much is clear," House Speaker John Boehner said. "With 42 consecutive months of unemployment above eight percent, the private sector still isn't 'doing fine' and President Obama's economic plan did not work." 

Both sides are expected to use the report to double down on their respective tax plans. Boehner said "any new job creation is welcome news," but that unemployment above 8 percent makes it "insane to raise taxes on small businesses." 

Republicans want to extend the Bush-era tax rates for all Americans; Obama and congressional Democrats largely want to extend them for those making less than $250,000, letting rates rise for top earners. 

Obama is expected to reiterate that call in an appeal to Congress Friday. 

House Democratic Leader Nancy Pelosi touted the fact that July marked the 29th straight month of private sector job growth. 


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