August 7, 2009: Unemployment rate drops (Politico)

  • Republicans, scrambling for a quick response to the positive economic buzz, quickly downplayed the figures, dismissing the tenth of a point as statistically insignificant while focusing much more on the 247,000 lost jobs in July. House Republican Leader John Boehner said that “today’s unemployment report is yet another reminder that more spending, taxing, and borrowing does not mean more jobs for the American people."