"Unemployment ticked up to 9.2% in June, the highest level this year. The President explained the situation by saying there are a number of forces holding the economy back, and Congress should do more to promote economic growth. Republicans were quick to hammer the President and to draw a sharp line about taxes. So going forward, President Obama can expect no compromise from the Republicans on a tax increase. That means Mr. Obama must cut government spending without raising revenue, something he is adamantly opposed to doing. The bad economic news is also deadly for American liberalism. The facts say that massive government hasn't worked to stimulate the economy and that the liberal vision of economics has failed. Most of President Obama's economic advisers have left the building and there is no clear-cut plan to improve the economy coming out of the White House. Mr. Obama knows he's in deep trouble and committed liberals have to know that their vision for the country is crumbling. Talking Points believes this may be one of the worst days President Obama has had in office."

Liberal analyst Alan Colmes and conservative columnist Andrea Tantaros, not surprisingly, had different takes on the unemployment news. "This was not a dark day for the President," Colmes said. "There's a lot of work to do and there is a year-and-a-half to go before the next election. And this is not a bad issue for liberalism, it's because conservatives and 'blue dog' Democrats would not let the government do all it needed to do. Things would have been a lot worse without the stimulus. Unemployment would be at 17% right now had we not done what we did." Tantaros argued that President Obama's chances for reelection are dwindling. "If the President adopted policies that are more in line with Republican principles, he would have a chance of getting his numbers back on track. He blew his popularity and his mandate on very far-left things like Obamacare. That's when the President really started to tank." The Factor chided Colmes for "demanding more failure."

Geraldo Rivera, who has expressed his belief that the Casey Anthony jury reached the correct decision, defended his stance and blasted his critics. "I am the loving, doting father of five children," Rivera began, "and the suggestion that those of us who feel the prosecution's case is thin care less about this sweet toddler than they do is false and disgusting. And for that snarky Bernie Goldberg to come on your program and suggest that my view of the prosecution's case would be different if the victim was a Mexican immigrant was a low blow with heavy racial overtones. I owe him a bloody nose - that was really a punk thing to say. And I still think that the prosecution's case was very thin." The Factor defended Goldberg and questioned Rivera's view of the case: "You are known for your passion on the border immigration issue - this wasn't a racial thing, it was in ideological thing. And I have no doubt that Casey Anthony murdered that little girl or at least participated in it. You've cut her far too much slack!"

The Factor was joined by Florida State Representative Scott Plakon, who explained his proposed "Caylee's Law" legislation. "There is a lot of disagreement about the outcome of this case," Plakon said, "but there is one thing everyone should agree with - it should not be okay for a parent or guardian to run around for 31 days without reporting what she knew to be a missing or deceased child. If a child under 12 years old is missing for 48 hours, this law would require parents to report it to authorities. And a deceased child would have to be reported within two hours." The Factor lauded Plakon for his initiative: "'Caylee's Law' has to be passed in Florida and I think it will be, I can't see any Florida official opposing this law. It's necessary in every state in the union."

Frank Bailey, a former associate of Sarah Palin in Alaska, has written a book that is highly critical of the former governor. He entered the No Spin Zone and synopsized his thesis. "This book is an example of what happens when we lose our way," Bailey stated. "The Sarah Palin we saw in 2005, the person who would fight for Alaska and stand up for ethics and honesty, we lost that to the limelight and the power and the fame. She craved that and being governor became second fiddle, and the folks up here in Alaska realized that. I've seen the chaos in her organization, I've seen the way she manages, I've seen the way she leads, and she can not rise above the petty criticism." The Factor contended that Bailey's book was not all that damning: "I read your book and I don't know what she did to make you so disappointed. If this is the worst that Governor Palin did, she's pretty good compared to most politicians."

Fox News analyst Charles Krauthammer opined on the latest uptick in unemployment. "This really hurts Obama," Krauthammer said, "and it should be a body blow for liberalism in general. We have had a controlled historical experiment - we've had two enormous recessions, the one in 1981 and the one we've just gone through. Ronald Reagan's remedy was cutting taxes and cutting regulation, and we got a tremendous recovery and about three decades of almost uninterrupted economic expansion. And we now have the liberal remedy, a trillion dollars of government spending. We've seen the result and it's a complete waste, there is no recovery. We just engaged in a huge Keynesian experiment and it failed." The Factor added that "there isn't any plan to get us out of this mess."

FNC's Greg Gutfeld and Arthel Neville picked the dumbest people and events of the week gone by. Neville went with French golfer Thomas Levet, who celebrated a victory by jumping into a lake, breaking his shinbone in the process. "What's French for 'dumb?'" she asked. "You're a world class golfer, you don't jump in a lake to celebrate. This guy now has screws in his leg and he can't participate in the British Open." Gutfeld went with the judge who wants to put 80-year-old singer Willie Nelson in the slammer for marijuana possession. "The judge says Nelson had six ounces of pot and that's not for personal use. Apparently that judge does not know Willie Nelson! But potheads like Willie Nelson are harmless and putting them in jail does nobody any good."

Fred Smead, Bucyrus, KS: "With all due respect, I wish TV people would stop saying 'with all due respect.'"

Sue Smith, Woodland Park, CO: "My complaint is with you, Bill. You feign you are a simple man. We all know you are a complex thinker so own up to it."

Karen Fincher, Austin, TX: "Hey, Bill, I don't like when you point your finger at the camera. Didn't your mother ever teach you that pointing is rude?"

Joseph Cross, Hanover, VA: "My complaint is that I've never had an e-mail read on The Factor."

Friday's Pinhead: "Octomom" Nadya Suleman, who showed up on The Today Show with a whole bunch of her 14 children, many of whom proceeded to run amok on the set.