Cain: Jobs Report Shows Worst 'Recovery' in US History

Friday, 08 Jul 2011 03:29 PM

By Newsmax Wires

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Republican presidential candidate Herman Cain deplored the June U.S. jobs report, showing the creation of only 18,000 jobs, as “demonstrably and empirically the worst economic 'recovery' in American history.”

The Labor Department’s report shows that job creation is “absolutely unacceptable. The unemployment rate has ticked up to 9.2 percent. These figures do not even include those who have simply given up on finding work or are underemployed, scraping to get by,” said Cain, the former CEO of Godfather’s Pizza who also has served in executive positions at other companies.”

“What's worse, businesses added the fewest jobs in more than a year. According to President Obama's own former economic adviser, Austan Goolsbee, the private sector must lead this recovery. I agree with Mr. Goolsbee, but wonder why if the Obama administration acknowledges this economic truth, they still fail to enact business-friendly policies that would get America's job creators hiring again.

“The government doesn't create jobs. Business creates jobs. And it's time to get America working again,” Cain said.

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