Tuesday, July 3, 2012

President Obama Basks In Supreme Court Win, But Unemployment, Economy Will Decide Election by Andrew Malcolm - Investors.com


President Obama Basks In Supreme Court Win, But Unemployment, Economy Will Decide Election by Andrew Malcolm - Investors.com

President Obama wasted little time giving his perspective on the Supreme Court's decision to uphold his sweeping health care law.

"This is a good day for millions of Americans who can continue to benefit from the protections and economic security provided by the Affordable Care Act," Obama said in an emailed statement Thursday, a few hours after the ruling.

But for millions of Americans, it was just another bad day without the economic security of a job. The unemployment rate has held above 8% for 40 straight months. It ticked up to 8.2% in May, and would actually be around 11% if labor force participation wasn't at record lows.

A recent Gallup survey found that31% of Americans say the economy is their top concern. Another 25% cite unemployment. And health care? Just 6% say it's their No. 1 issue. 

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