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Employment data may be key to president's job

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Employment data may be key to president's job

Post by Guest on Thu Jun 02, 2011 2:10 am

No American president since Franklin Delano Roosevelt has won a second term in office when the unemployment rate on Election Day topped 7.2 percent.

Seventeen months before the next election, it is increasingly clear that President Obama must defy that trend to keep his job.

But the grim reality of widespread unemployment is drawing little response from Washington. The Federal Reserve says it is all but tapped out. There is even less reason to expect Congressional action. Both Democrats and Republicans see clear steps to create jobs, but they are trying to walk in opposite directions and are making little progress.

http://www.msnbc.msn.com/id/43246753/ns/business-us_business

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Re: Employment data may be key to president's job

Post by Guest on Fri Jun 03, 2011 11:59 am

How the economy could break Obama

Is President Obama moving closer to a one-term presidency with every disappointing economic datapoint, unemployment report and stock market stumble?

Democrats of course hope that isn't the case, but political scientists say that in almost every election, the economy does indeed turn out to be issue No. 1.

Right now, that's just flat out bad news for Obama.

With Republicans firmly in control of the House, legislative avenues for passing another stimulus package are blocked. If the U.S. wasn't already struggling under massive debt, tax cuts might have been option but are now a political impossibility.

That leaves the administration with limited options for lowering the unemployment rate, possibly the most visible example of the economy's health for voters.

http://money.cnn.com/2011/06/03/news/economy/obama_economy/index.htm

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Re: Employment data may be key to president's job

Post by exhaustedandtired/1208 on Fri Jun 03, 2011 12:13 pm

He has made a Hugh mistake!! For some reason he is fantacy land and has ignored the unemployed and also seems to be missing in action on the economy and plans. I think its too late for him. He cannot possibly recover the economy fast enough to make a difference for 2012 elections! If he had a plan that improved the economy at even the beginning of 2011 or end of 2010, and there was positive steady growth and drop in unemployment. But through all his speeches all he did was buy time and hope things would turn around. But he had no plan for the kind of improvements we needed. the stimulus money was and is temporary! he had hopes that the stimulus money would kick start the economy buy folks earning money from it would spend and then growth may take hold. But it didn't.So he is in a quandary that says " Now what".. His downfall truly is and was and will be" Ignoring the unemployed and 99er's". I said for two years we are and will make the difference in 2012. Yes, there is a question of who do we vote for... Thats a tough question! Promising repubs. that want to cut everything to create jobs or a failed president who is asking for 4 more years! Unemployed, can we risk it! If Obama would have only fought harder for the unemployed! As I also said we are the difference in elections! You cannot ignore 12 to 15 million unemployed and write them off as having no say! Thats a dumb move!

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Re: Employment data may be key to president's job

Post by exhaustedandtired/1208 on Fri Jun 03, 2011 12:17 pm

I worry also that he may get desperate and further damage his chances by jumping on board with repubs. to save his butt! But then his working class voter base will abandon him because of his failing to stay consistent to the dems. and policies. he is in a corner!

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Re: Employment data may be key to president's job

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