Welcome to SAMAA TV
 
SAMAA SMS News Alerts
 
Airbus wins $7.5 billion A350 order from Air France-KLM         41 children die of measles during last 3 months in Faisalabad         Asian businesses optimistic; sentiment in India falls         Karachi violence leaves 6 more people dead         Khan blames injustice for social ills as he makes maiden parliament speech         Afghanistan suspends security pact talks with US amid Taliban peace process         Pakistan, IMF discuss fresh $5 bln loan package         India opens unprovoked fire along Line of Control         IHC nullifies amnesty scheme for smuggled cars, orders auction         Stay against Zaka Ashraf extended         Hot & dry weather to prevail across country         Journalist who brought down US general is killed in Los Angeles car crash         Workers’ killing: MQM stages walkout in National Assembly         Justin Bieber hits photographer in Los Angeles car scrape         Hezbollah takes Syrian centre-stage, yet remains in shadows         Amitav Ghosh among 12 vying for international writing prize         Imran Khan takes oath as MNA         WikiLeaks' Assange fears US, says will stay in London embassy         Balochistan: Abductors release prominent surgeon Dr. Mubashir Ahsan         Obama to prod West to take on global challenges in Berlin speech         Nikkei outperforms Asian stocks as Fed looms         NSA head, US lawmakers defend surveillance programs         India monsoon floods kill scores         United States to meet Taliban to seek Afghan peace         Teen country singer Bradbery captures 'The Voice' season crown         Colorado wildfire destroys more than 500 homes         Mardan blast toll rises to 34 as four more die overnight         Dozens held in Turkey, silent protester goes viral         Quake shakes Peru's capital of Lima         Four from U.S. forces killed in attack in Afghanistan          History being repeated against MQM: Altaf         Russia evacuates thousands after blasts at army munitions store         Optimism fading, Brazil protests put leaders on alert         Ten more die in Karachi unrest in last 24 hours         MQM to hold public referendum tomorrow on joining Sindh government        
Jobless uptick a 'hammer blow,' Romney says
Friday, August 03, 2012 7:32:34 PM | Comments (0)
Jobless uptick a 'hammer blow,' Romney says

WASHINGTON: White House hopeful Mitt Romney said Friday's US unemployment uptick to 8.3 percent has dealt a "hammer blow" to the middle class, but ignored data showing the economy created far more jobs than expected.

"Today's increase in the unemployment rate is a hammer blow to struggling middle-class families," the Republican candidate said in a statement shortly after the Labor Department released its jobs report for July.

Romney, who is challenging President Barack Obama in November's election, said his own plan to strengthen the middle class would "bring more jobs and more take home pay" to American families than his rival's.

"President Obama doesn't have a plan and believes that the private sector is 'doing fine.' Obviously, that is not the case," he added.

"We've now gone 42 consecutive months with the unemployment rate above eight percent. Middle class Americans deserve better, and I believe America can do better."

Romney, who advocates lowering individual and corporate tax rates, slashing government spending and easing regulations on energy companies to help make America energy independent by 2020, has predicted that his economic plan would lead to 12 million new jobs created by the end of his first term.

Nowhere in Romney's statement did he mention the Labor Department's report that a solid 163,000 jobs were created in July, many more than the 100,000 expected from economists.

House Speaker John Boehner did acknowledge the better-than-expected jobs data, but said Obama's policies were continuing to hold down job creators like small businesses.

Boehner used the monthly report as an opportunity to hammer home the Republican argument that raising taxes at the end of this year would trigger economic disaster.

"Any new job creation is welcome news -- but with unemployment still above eight percent and rising, and millions of Americans looking for work, it is insane to raise taxes on small businesses, as the president and his allies in the Democratic-controlled Senate propose," Boehner said in a statement. AGENCIES

 
 
Watch SAMAA TV Live
Carl Lewis jumps into Romney row
Aide sees Romney support for Israel strike on Iran
Romney talks tough on Iran during visit to Israel
Palestinians accuse Romney on Jerusalem "Israel's capital"
Romney's stance on disputed Jerusalem unacceptable: Palestine
Romney to announce VP pick via smartphone app
Scientists go beyond the polls to forecast U.S. election
Obama slams Romney's 'fairy dust' tax cut
Imran Khan takes oath as MNA
19 June 2013 11:05 | No Comments
History being repeated against MQM: Altaf
19 June 2013 03:54 | No Comments
Mardan blast toll rises to 34 as four more die overnight
19 June 2013 05:13 | No Comments
Ten more die in Karachi unrest in last 24 hours
19 June 2013 01:38 | No Comments
MQM to hold public referendum tomorrow on joining Sindh government
19 June 2013 00:14 | No Comments
Karachi violence leaves 6 more people dead
19 June 2013 13:37 | No Comments
Khan blames injustice for social ills as he makes maiden parliament speech
19 June 2013 13:18 | No Comments
Pakistan, IMF discuss fresh $5 bln loan package
19 June 2013 12:46 | No Comments
IHC nullifies amnesty scheme for smuggled cars, orders auction
19 June 2013 12:22 | No Comments
Imran Khan takes oath as MNA
19 June 2013 11:05 | No Comments
Airbus wins $7.5 billion A350 order from Air France-KLM
41 children die of measles during last 3 months in Faisalabad
Asian businesses optimistic; sentiment in India falls
Karachi violence leaves 6 more people dead
Khan blames injustice for social ills as he makes maiden parliament speech
 
 
 
Post Your Comments
Note: SAMAA TV values your opinions and encourages you to add a comment to this discussion. Please don't be offended if we edit and/or remove questionable, off topic comments; SAMAA TV is not responsible for user comments.
Name:
 
Email:
 
 Leave a Comment:
 
Security Code:
 
 
User Comments
No comment(s) found.
 
     
SAMAA TV
UPDATES WITH
follow us on facebook
follow us on twitter
follow us on youtube
isamaa
subscribe for samaa email news alerts
samaa sms alert
samaa rss