Day By Day August 3, 2012 – Bond Obama Bond

Day By Day by Chris Muir

Chris, I wonder if President Obama is bonding around the increasing unemployment rate this morning of 8.3%.

The U.S. economy followed up a weak second quarter by creating more jobs than expected with 163,000 new positions added in July, but the unemployment rate rose to 8.3 percent.

Markets reacted positively to the announcement, with the stock market surging at the open and safe-haven bond prices plunging. Economists had been expecting 100,000 new jobs.

As the country struggles to gain growth traction, the unemployment rate held above 8 percent for the 41st consecutive month, according to the latest report from the Bureau of Labor Statistics.

The economy is stagnant and the Obama Campaign has already shot their wad on Romney and Bain Capital.

On to the Vice Presidential selection and the national political conventions…