Failed President Braces for Dreadful Jobs Report

Posted by on Jul 03, 2012 at 7:38 am
Petraeus And Crocker Testify Before Senate On State Of Iraq War

Well, there are no Supreme Court decisions coming this week, so these clowns will need to come up with some sort of distraction by Friday morning.

Weak June manufacturing numbers released Monday intensified concern about the fragility of the economic recovery and turned election-watchers’ attention toward unemployment numbers due out at the end of this week.

The reports, just four months before voters cast their ballots in the presidential election, come amid a wave of bad news on the global economy, which is seen by both the White House and President Obama’s critics as the most potent threat to his chances of securing a second term in office.

So here’s the upcoming narrative: Blame China and Europe. Anyone and anything but Obama.

The manufacturing report returned the spotlight to the economy, where it will likely remain after the Fourth of July holiday as markets and politicians await Friday’s jobs report, an indicator vital to the narratives of both presidential campaigns.

Domestic growth is almost assuredly being held back by dire developments across the globe — which has terrible implications for Obama’s campaign.

So what will he come up with next? Bailing out folks under water on their mortgages? Shoring up the youth base by absolving them of their students loans? Who knows, but there willl be some shiny object flashing in the eyes of the media within 72 hours.

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10 Responses to “Failed President Braces for Dreadful Jobs Report”

  1. the wolf on 3/03/12 at 1:10 pm

    I blame Romney for outsourcing jobs, Bain Capital something something dog on a roof.

  2. pat on 4/04/12 at 2:28 am

    They should have an award for morons. Unfortunately it does not exist. I nominate,

  3. Max Entropy on 5/05/12 at 1:51 pm

    Just drop the participation rate a few more million. TADA! Instant 3% unemployment rate and president Mulligan is a hero to the low-information voters.

  4. Skunky Choom on 5/05/12 at 11:44 pm

    I suspect that expectations are being managed and that the numbers will be better than the Democratic media hacks are saying.

    We’ve reached a point where the numbers government release are not reliable and everyone knows that even the U6 numbers are probably higher.

  5. Blue Hen on 6/06/12 at 10:06 am

    80,000 jobs. That’s what we got. And we need over 125,000 just to keep even. If this was the Titanic, the word that flooding was advancing on the pumps would have been passed. Instead, the dear leader is going with “betting on America”. Using other people’s money of course.

    And as for “Delaware’s own Joe Biden” who said that we’d be creating 250,000 jobs per month in the summer of 2010, bite me.