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President Obama Acknowledges 'Tough Headwinds' On Jobs

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Newscom

The president attributed some of the difficulties to "tough headwinds" in recent months, including natural disasters at home and abroad, rising gas prices, and a default crisis in Greece. In a jab at Republicans, he also cited "uncertainty" from the debt limit vote as a drag on business investment. He called on Congress to quickly pass legislation extending a payroll tax cut passed in December, approve pending trade agreements, and invest in infrastructure in order to help put unemployed construction workers back to work.

"The economic challenges we face weren't created overnight and they aren't going to be solved overnight, but the American people expect us to act on every single good idea that's out there."

Republicans pounced on the numbers as evidence his policies have failed to jump start the economy.

"The American people are still asking the question: where are the jobs?" Speaker John Boehner said in a statement. "Today's report is more evidence that the misguided 'stimulus' spending binge, excessive regulations, and an overwhelming national debt continue to hold back private-sector job creation in our country."

The numbers will likely become the talk of the presidential field as well. Rep. Michele Bachmann (R-MN) quickly released a statement calling the jobs report "another stark reminder of the failure of President Obama's economic policies." She added a dig at the coming debt limit increase, which she has said she won't vote for under any circumstances.

"Amidst this economic freefall, it should not be lost that the architect of the President's failed economic policies, Timothy Geithner, will head for the door after he attempts to cement the President's legacy of massive spending and debt by raising the debt limit another $2.4 trillion dollars," Bachmann said. "We can only hope that the President will be right behind him after the next election."

Senate Majority Leader Harry Reid (D-NV) accused Republicans of blocking measures in Congress that could help spur job creation and for threatening the recovery by using a potential debt ceiling default as leverage in a deficit deal.

"I hope the news that our economy is not creating jobs at an acceptable rate will cause Republicans to start taking job creation seriously," he said in a statement. "So far this year, Republicans have derailed every common-sense, bipartisan jobs bill we have brought to the floor. Democrats will continue to fight to put Americans back to work and we hope Republicans will join us."

House Minority Leader Nancy Pelosi (D-CA) took a similar tack as well.

"Democrats know that creating jobs must be job number one for this Congress, yet Republicans continue to push their plan to end Medicare in order to give billions in tax breaks to Big Oil and corporations that ship American jobs overseas," she said in a statement. "And now, they are putting our entire economy at risk - by threatening to let our nation default for the first time, injecting uncertainty into the economy, and demanding we balance our budget on the backs of seniors and the middle class."