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Archive for September 9th, 2012

The Jobs Report and the Election

Posted in Main Blog (All Posts) on September 9th, 2012 11:08 pm by HL

The Jobs Report and the Election
Robert Reich, Huffington Post
President Obama's speech to the Democratic National Convention was long on uplifting rhetoric but short on specifics for what he'll do if reelected to reignite the American economy.Yet today's jobs report provides a troubling reminder that the economy is still in bad shape. Employers added only 96,000 nonfarm jobs in August. True, the unemployment rate fell to 8.1 percent from July's 8.3 percent, but the size of the workforce continued to drop, according to a Labor Department report Friday.

Obama Thinks He’s Cruising to Re-election
Jules Witcover, Baltimore Sun
Rather than taking advantage of Mitt Romney's failure in Tampa to provide specific details on what he would do to turn the economy around, Mr. Obama likewise fell short on any new approaches to break the stalemate. Instead, he called on the millions who put him in the Oval Office four years ago to trust the cards he has been holding all along.As Bill Clinton did with more spark and detail the previous night, the president cited the immense challenge he still faces after years of fiscal neglect and policy calamities, pleading for more time to stay the course. It is a plea that could not…

Northeastern Republicans Show Signs of Life
Stephen Moore, WSJ
Connecticut might be the last place you'd expect Republicans to pick up a U.S. Senate seat this November, but it may happen. In the race for retiring Sen. Joe Lieberman's seat, Linda McMahon, the co-founder of the highly profitable World Wrestling Entertainment, leads Democratic Rep. Chris Murphy by three points, according to the latest Quinnipiac poll.Those numbers terrify Democrats, so much so that at the party's convention in Charlotte, N.C., this week they frantically shuttled Mr. Murphy around town to meet deep-pocket Democratic donors.

The U.S. Needs Results, Not Excuses
Steve Huntley, Chicago Sun-Times
Hope needs more time. That was President Barack Obama's message in his acceptance speech at the Democratic National Convention Thursday night. But a country that was forced to live on hope for four years and rewarded with dreary unemployment, falling middle class income and depressed home values may not be ready for another dose of lofty national goals based on nothing more than oratory.

Obama Speech Shows Hope, Restraint