memeorandum: 10 reasons why jobs market even worse than weak June employment report (Ed Carson/Investor's Business Daily)

12:55 PM ET, July 6, 2012

Top Items:

Jeff Cox / CNBC:

June Job Creation at 80,000; Rate Holds Steady at 8.2% — The U.S. economy created just 80,000 jobs in June and the unemployment rate held steady at 8.2 percent, reflecting continued slow growth in the economy with the presidential election just four months away.

Discussion: Power Line, The Democratic Daily, JustOneMinute, Scared Monkeys, Hot Air, NewsBusters.org blogs, Weekly Standard, The Moderate Voice and Jammie Wearing Fools

James Pethokoukis / AEIdeas:

June jobs swoon: America's labor market depression continues — This was not the employment report either the American worker or the Obama campaign wanted to see right now. The Labor Department said the U.S. economy created just 80,000 jobs in June, less than the 90,000 economists had been forecasting.

Discussion: CNSNews, Power Line, Weekly Standard, Michelle Malkin, BREITBART.COM, The New Republic, FiveThirtyEight, Mugsy's Rap Sheet, Calculated Risk, Betsy's Page, Questions and Observations and The Lonely Conservative

Ed Carson / Investor's Business Daily:

10 reasons why jobs market even worse than weak June employment report — Nonfarm payrolls rose by just 80,000 in June, slightly worse than expected and the third straight month of sub-100,000 job growth. The jobless rate held at 8.2%. The employment report was disappointing.

Discussion: Patterico's Pontifications

Donovan Slack / Politico:
WH: at least the economy is still growing

Discussion: Washington Post, Weasel Zippers and Hot Air

Eric Platt / Business Insider:
JUNE JOBS REPORT MISSES EXPECTATIONS, UNEMPLOYMENT 8.2%

Discussion: White House.gov Blog, Weasel Zippers, Real Time Economics, The Rightnewz, The Gateway Pundit, Shot in the Dark, Wake up America and Brad DeLong

Doug Mataconis / Outside the Beltway:
June Jobs Report Brings Another Round Of Disappointment

Discussion: American Prospect, Washington Monthly and Felix Salmon

Bill McBride / Calculated Risk:
June Employment Report: 80,000 Jobs, 8.2% Unemployment Rate

Discussion: BBC, Firedoglake, msnbc.com and Business Insider

Associated Press:
US employers add 80,000 jobs as economy struggles

Discussion: Via Meadia, Washington Post, business.time.com and Weasel Zippers

Jared Bernstein / On the Economy:
Jobs Report, First Impressions

Discussion: BuzzFeed and Taegan Goddard's …

Alex Kowalski / Bloomberg:
Payrolls In U.S. Rose 80,000 In June; Jobless Rate 8.2%

Discussion: International Liberty, Instapundit, ourfuture.org/blogs_chrono/*, Guardian and aflcio.org

Alexander Burns / Politico:

American Bridge hits Mitt's jobs rhetoric — Turns out it's not just health care where President Barack Obama sounds a lot like Massachusetts Gov. Mitt Romney. — Ahead of the June unemployment numbers release this morning, the Democratic reserach group American Bridge is circulating video …

Discussion: Washington Wire

Emily Friedman / ABCNEWS:
Romney Halts Vacation to Hold Presser on Kick In the Gut Jobs Numbers

Discussion: ABCNEWS and Gawker

Alicia M. Cohn / The Hill:
Obama hits Romney: ‘Principles matter’

Discussion: Alan Colmes' Liberaland

WLWT-TV:
Obama says Romney “reversed himself” on health care

Discussion: American Prospect and Washington Wire

Matt Negrin / ABCNEWS:
Mitt's Million-Dollar Question: What's Romney Really Worth?

Discussion: Politico, Angry Bear and The Reality-Based Community

Reuters:
Exclusive: Romney weighs foreign-policy tour

Discussion: msnbc.com, Washington Post, Associated Press, The Caucus and No More Mister Nice Blog

BuzzFeed:

Obama: Turn Off Fox News — Obama suggests patron ask bar owner to switch off the conservative-leaning cable network. — Image by KEVIN LAMARQUE / Reuters — PARMA, Ohio — At an unscheduled stop at Ziggy's Pub and Restaurant, an Amherst, Ohio bar, President Barack Obama suggested …

Discussion: Wonkette, The Raw Story, NewsBusters.org, The Gateway Pundit, The Lonely Conservative and TheBlaze.com

Emily Goodin / Ballot Box:

Ohioan to Obama: Let's arm-wrestle for vote — A voter in Amherst, Ohio, offered to arm-wrestle President Obama in exchange for his vote. — The president responded he'd prefer a basketball game, according to a White House pool report. — Obama was in Ohio wrapping up day one of a two-day bus tour …

Discussion: Politico, CNN, Weasel Zippers and TheBlaze.com

Brandon Blackwell / Plain Dealer:

Clash breaks out at GOP rally supporting Mitt Romney in Parma — PARMA, Ohio — Republican presidential candidate Mitt Romney sent two GOP heavyweights to northern Ohio Thursday to beat President Barack Obama's similar bus tour to the punch. — Louisiana Gov. Bobby Jindal and former Minnesota …

Discussion: Alan Colmes' Liberaland, The Impolitic, Crooks and Liars, ABCNEWS, The Raw Story, The Gateway Pundit, The Daily Caller, Daily Kos and The Reality-Based Community

William Kristol / Weekly Standard:

Romney-Rice? — Erin McPike's “close examination of the [Romney] campaign's activity” at RealClearPolitics suggests four leading contenders for Mitt Romney's vice presidential pick—former Minnesota governor Tim Pawlenty, Ohio senator Rob Portman, Wisconsin congressman Paul Ryan, and Louisiana governor Bobby Jindal.

Discussion: National Review and Real Clear Politics

Shushannah Walshe / ABCNEWS:

Rove-Backed Super PAC $25M Ad Buy Attacks Obama — Image credit: Justin Sullivan/Getty Images — The Karl Rove backed GOP super PAC Crossroads GPS announced Friday a new $25 million ad buy in nine battleground states launching next week. — The new ad titled “Excuses” will run in Colorado …

Discussion: Towleroad News #gay

Adele Hampton / The Hill:
Crossroads GPS to spend $25M hitting Obama on jobs, debt

Discussion: CNN

Robert Scheer / The Huffington Post:

Crime of the Century — Forget Bernie Madoff and Enron's Ken Lay — they were mere amateurs in financial crime. The current Libor interest rate scandal, involving hundreds of trillions in international derivatives trade, shows how the really big boys play.

Economist:
The rotten heart of finance

Discussion: Felix Salmon, naked capitalism, Mother Jones and FT Alphaville

NPR:

Morgan Freeman: No Black President For U.S. Yet … Morgan Freeman is an Oscar-winning actor, philanthropist and recent recipient of the Lincoln Medal of Honor. — Oscar-winning actor Morgan Freeman joined Tell Me More host Michel Martin to discuss his new movie, The Magic of Belle Isle.

Discussion: Outside the Beltway, theGrio and New York Magazine

Meenal Vamburkar / Mediaite:
Morgan Freeman: Obama Isn't America's First Black President

Discussion: Scared Monkeys, NewsBusters.org, Weasel Zippers, Ed Driscoll and Riehl World View

Randy Barnett / The Volokh Conspiracy:

The Unprecedented Uniqueness of Chief Justice Roberts Opinion — I have been out of town and not keeping up with all the chatter about the news that Chief Justice Roberts changed his vote after conference from invalidating the ACA, at least in part, to a vote to uphold it.

Discussion: Washington Examiner and protein wisdom

Orin Kerr / The Volokh Conspiracy:
New Leak Explains What Chief Justice Roberts Was Really Thinking in Health Care Cases …

Discussion: PrawfsBlawg

Matthew Yglesias / Slate:

Three Makes A Trend … - If Paul Clement Is So Good, How Did He Lose the Term's Two Biggest Supreme Court Cases?

Discussion: New York Magazine and FT Alphaville

Politico:

Sobbing woman thanks Obama for health care law — SANDUSKY, Ohio — An emotional Ohio voter personally thanked President Obama for passing a health care overhaul, relating the story of her late sister's battle with cancer. — After Obama's speech in Sandusky, he encountered a sobbing Stephanie Miller …

Discussion: The Gateway Pundit, The Mahablog, ThinkProgress, NewsBusters.org blogs, The Maddow Blog, Alan Colmes' Liberaland, Shakesville and Gallup

Pete Kasperowicz / The Hill:

GOP releases ‘Repeal of Obamacare Act’ — House Republicans late Thursday released their proposal to repeal the 2010 healthcare law, arguing that it has increased healthcare costs, puts Americans at risk of losing coverage and is dragging down the economy. — The Repeal of Obamacare Act …

Motoko Rich / New York Times:

‘No Child’ Law Whittled Down by White House — In just five months, the Obama administration has freed schools in more than half the nation from central provisions of the No Child Left Behind education law, raising the question of whether the decade-old federal program has been essentially nullified.

Discussion: Mother Jones, Politico, Eduwonk, The Heritage Foundation and Perdido Street School

John Merline / Investor's Business Daily:

Disability Ranks Outpace New Jobs In Obama Recovery — More workers joined the federal government's disability program in June than got new jobs, according to two new government reports, a clear indicator of how bleak the nation's jobs picture is after three full years of economic recovery.

Discussion: hogewash