Monday, July 9, 2012

Big Job Ahead For Obama

At least he has one (for now).

"New jobs report looms over Obama bus trip" by Ben Feller  |  Associated Press, July 06, 2012

SANDUSKY, Ohio — President Obama cast his reelection bid as a bet on the American worker...

We come up losers either way.

The monthly unemployment numbers could alter or harden voters’ views of Obama’s core reelection argument that he pulled the nation back from recession while Republican Mitt Romney embraces policies that led to an economic near-collapse. A weak report could undermine Obama’s position.  

The Grand Depression never ended out here. That's why your prospects are so dim.

Obama tellingly chose to start his summer of on-the-road campaigning in two political battleground states that have a rosier economic outlook than some parts of the nation. Ohio and Pennsylvania had unemployment rates of 7.3 percent in May, well below the national average of 8.2 percent.

Everywhere the unemployment rate is claimed to be below, except for places like itty-bitty Rhode island.

See: Romney Will Steal Rust Belt

That includes Pennsylvania.

His trip through northern Ohio gave him a post-July 4 splash of Americana: Main streets and US flags, cornfields and fruit stands, community soccer sign-ups and American Legion halls, small children climbing on fathers’ shoulders to see the president’s bus go by. Obama was greeted kindly wherever he went and bounded through his day, high-fiving the kids and hugging grandmothers....  

RelatedOwner of restaurant dies after president visits

No, I'll pass on the handshake, and race has nothing to do with it.

Also see: Ohio antiabortion ballot effort fails

Death follows the man.

The president, speaking at an early 19th-century museum complex dotted with red, white, and blue bunting and American flags, took credit for Ohio’s improving economy, especially its rejuvenated automobile industry. The White House said the Obama-backed auto bailout helped dramatically increase sales of Chrysler’s Jeep Wrangler and Liberty, made in nearby Toledo.

Obama said Ohio’s economic gains could be replicated nationwide. ‘‘There are some folks who are betting that you will lose interest, that are betting that somehow you are going to lose heart,’’ Obama said. ‘‘I’m betting you’re not going to lose interest. I’m betting you’re not going to lose heart. I still believe in you, I’m betting on you.’’

In an economic appeal to working class voters, the president also announced his administration was launching an unfair trade complaint against China with the World Trade Organization. The complaint centers on new Chinese duties on American-made cars that the United States contends violate international trade rules.

I'm tired of out problems being blamed on the Chinese. 

You know, maybe if the geniuses who ran us into this rut and shipped the factories over had taken an example from the Chinese they would have looked after the national interest. This idea of scapegoating the Chinese (yeah, I don't like the cheap Chinese s*** and try to avoid it, but I don't blame them for their national industrial policy.) is really distasteful to me. Besides, I don't want them dumping all the treasuries they are holding and destroying our economy.

And Obama defended his health care overhaul during his first campaign appearance since the law was upheld by the Supreme Court.

‘‘The law I passed is here to stay,’’ he said. ‘‘It is going to make the vast majority of Americans more secure.’’  

Already backfiring on him.

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Yeah, I thought we were talking jobs:

"Weak jobs report fuels criticism, may hurt Obama’s campaign; Sluggish growth draws fire from GOP" by D.C. Denison and Matt Viser  |  Globe Staff, July 07, 2012

US employers added only 80,000 jobs in June, the third straight month of weak hiring and a potential setback for the campaign to reelect President Obama, who on Friday called on voters to take a long view of the slowly recovering economy, but was slammed by rivals for the persistently dismal jobs numbers.

Job creation has slowed since the beginning of the year, the Labor Department said Friday, with a monthly average of just 75,000 new jobs added from April through June, one-third of the pace in the first three months of the year. The nation’s unemployment rate remained 8.2 percent in June, unchanged from the previous month.

“Employers are obviously very reluctant to add employees,” said Nigel Gault, chief US economist with IHS Global Insight in Lexington.

Concern about the economy in Europe, a vital market for US companies, was probably the number one reason for the uncertainty, Gault said, “because it has the potential to get a lot worse very quickly.” Recent moves by China’s central bank are also causing concern that the country’s leaders are anticipating a sharp economic downturn there. 

Yup, blame anything and everyone except the central banks.

The stubbornly sluggish economy and an unchanging unemployment rate continue to provide fuel for Republican nominee Mitt Romney’s presidential campaign. Republicans immediately criticized Obama after jobs numbers were released Friday, saying he has not done nearly enough to get the ailing economy back on track.

“This kick in the gut has got to end,” Romney said in a hastily staged press conference near his vacation home in Wolfeboro, N.H.  

Related: Romneys put tiny N.H. town in the spotlight

Obama argued the economy was getting back on track — it just needed more time to get moving. “It’s still tough out there,” he said while campaigning in Pennsylvania and Ohio, two key swing states that are vital for his reelection chances....  

Related: Romney Will Pilfer Pennsylvania 

And Ohio, too!

Although there will be four more monthly jobs reports before the election in November, past trends suggest voters’ impressions about the economy — and the way it has been handled by the incumbent — tend to solidify by late in the summer, analysts said.

Christopher Wlezien, a professor of political science at Temple University who has studied the effect of the economy on presidential elections, said job creation could become an important factor in establishing the mood of the electorate. The June jobs report “is not good news for the president, but it doesn’t seem to be devastating news,” he said. “The slope of the economy in the coming four months — that’s really going to be critical.”

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On Friday, US financial markets sank in response to the employment numbers, with the Dow Jones industrial average closing down 124 points....

So far, Massachusetts has been able to dodge the worst of the nation’s economic doldrums.  

You can't be serious, Boston Globe.

Also see: Presidential Election Saving Economy

Yeah, right.

The state’s unemployment rate in May fell to 6 percent, its lowest level in more than three years, as Massachusetts employers added jobs for the sixth consecutive month, the Executive Office of Labor and Workforce Development reported last month. The state’s June unemployment numbers are due out in a few weeks.

I'm tired of lying sacks of shit, I really am. 

Although Friday’s national jobs report was “more of the same: slow growth,” there was a bright spot in temporary employment, which was up over May, said Alan Clayton-Matthews, an economist at Northeastern University. “Temporary employment is a sector that usually responds first when things are picking up,” he said. “It shows that employers would like to hire, but they are not confident enough to bring on full-time workers.”  

There they go giving you the business again.

Stuart Coleman, a general manager with the Winter, Wyman Financial Contracting division in Waltham, which places temporary, contract employees, said he has noticed a rise in temporary hires.

“It felt like things were busier,” he said, adding that temporary hiring during the last three months was up 13 percent over the same period a year ago. “Companies are busy enough to hire people, but they are just not sure they will have enough business a year from now to keep them on permanently.”

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Looks like someone else may have their temp time run out:

"Pro-Republican group knocks Obama on jobs

WASHINGTON — A pro-Republican group is pouring $25 million into new TV ads that blame President Obama for the sluggish economy and call for lower taxes and less regulation.

Crossroads GPS says the ads will air in nine battleground states from July 10 through early August.

The ads track comments and proposals made by GOP presidential candidate Mitt Romney.

They call for more energy production, reduced taxes and regulation, and an end to the health care law that Republicans call ‘‘Obamacare.’’

Crossroads GPS, the nonprofit arm of super PAC American Crossroads, says the policies would boost job growth.

The ads will air in Florida, North Carolina, Virginia, New Hampshire, Ohio, Iowa, Michigan, Colorado, and Nevada.

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Also see: Why Is Big Business Unhappy With Obama? 

You got me.