[Daily Nation (Kenya)] The White House said Friday it was critical to maintain President Barack Obama's On this Memorial Day, as our nation honors its unbroken line of fallen heroes -- and I see many of them in the audience here today... policies despite a rise in the jobless rate and blamed factors, including Europe's woes, for dire economic data.
"Problems in the job market were long in the making and will not be solved overnight," said Alan Krueger, chairman of the Council of Economic Advisors in a statement.
A White House damage control effort swung into action after much worse than expected data from the Labor Department that showed the economy only added 69,000 jobs in May and the unemployment rate rose to 8.2 percent.
The dismal report signalled that the much hoped-for recovery in the job market has stalled and fuelled speculation that it may prompt the Federal Reserve to step in with a fresh round of economic stimulus.
"There is much more work that remains to be done to repair the damage caused by the financial crisis and deep recession that began at the end of 2007," said Krueger in a written statement.
"Just like last year at this time, our economy is facing serious headwinds, including the crisis in Europe and a spike in gas prices that hit American families' finances over the past months.
"It is critical that we continue the President's economic policies that are helping us dig our way out of the deep hole that was caused by the severe recession."
Krueger argued that Obama had proposed policies to create jobs and strengthen the economy, including those that would put teachers back to work and police on the streets and create employment through infrastructure projects.
Faced with deteriorating economic conditions and an unexpectedly aggressive Republican opponent, President Obama and his aides are expressing nostalgia for Sen. John McCain, the Republican opponent Obama defeated handily in the 2008 election.
At a rally in Minnesota Friday, Obama said Republicans today are in the grip of a "fever" that has caused them to oppose his initiatives virtually across the board. That "fever," Obama said, will make this presidential race against GOP nominee Mitt Romney particularly contentious -- in contrast to the last time, when Obama faced an opponent, McCain, who declined to engage in the kind of hard-hitting fight that many of his Republican supporters hoped he would.
"I mean, 2008 was a significant election, obviously," Obama told the audience at a Minneapolis restaurant called Bachelor Farmer. "But John McCain believed in climate change. John believed in campaign finance reform. He believed in immigration reform. I mean, there were some areas where you saw some overlap."
Now things are different, Obama said, and "we're going to have as stark a contrast as we've seen in a very long time between the candidates." It will only be when Mitt Romney is defeated, the president continued, "that the fever may break, because there's a tradition in the Republican Party of more common sense than that."
[Iran Press TV] Republican presidential candidate Willard Mitt Romney ...former governor of Massachussetts, currently the presumptive Publican nominee for president. He is the son of the former governor of Michigan, George Romney, who himself ran for president after saving American Motors from failure, though not permanently. Romney's charisma is best defined as soporific, which is probably why he is leading the Publican field. On the plus side, he isn't President B.O... called a disappointing U.S. jobs report for May "devastating news" on Friday and a sign that President Barack Obama I don't sit around just talking to experts because this is a college seminar, we talk to these folks because they potentially have the best answers, so I know whose ass to kick... 's economic policies have failed.
Romney moved quickly to take political advantage of the Labor Department's report that U.S. unemployment had moved up slightly to 8.2 percent in May from 8.1 percent, with the economy adding only 69,000 jobs for the month, far fewer than anticipated.
"Today's weak jobs report is devastating news for American workers and American families," he said in a statement.
He called the May report "a harsh indictment of the President's handling of the economy."
"It is now clear to everyone that President B.O.'s policies have failed to achieve their goals and that the Obama economy is crushing America's middle class. The president's re-election slogan may be 'forward,' but it seems like we've been moving backward," he said.
IMO Artic also read, BAD NEWS FOR IRAN AS PER AVOIDING WAR WID OBAMA = US.
* OTOH IIRC FREEREPUBLIC this AM > BREAKING: ROMNEY DID NOT WIN REPUBLICAN NOMINATION.
"Mittens" repor has only 1/2 of the Delegates required, hence cannot safely claim the GOP nomination despite Ron Paul being the only oppos contender left.
* CHINESE MILITARY FORUM > IFF JEB BUSH PICKED AS VPOTUS BY ROMENY, NEOCONS WILL HAVE A SURE SHOT AT [defeating]OBAMA | [ABC News] JEB BUSH AS [Romney]VEEP SPECULATES "I WOULD CONSIDER THE PROPOSAL VERY CAREFULLY".
CMF POSTER believes that JEB-led, Neo-Con = GOP-Right victory in November = lead to ...
> Restablishment of US as [dominant?] Pacific Power.
> Increased US Govt-Budget Spending as much as 20X current.
> US to align itself wid former SE Asia antagonist Vietnam [PHIL, Other?] to counter or fight China.
JEB BUSH vs. NEWT vs. RON PAUL/RAND PAUL vs. SANTORUM vs. MARC RUBIO vs. COLIN POWELL? CONDI? HILLARY? vs ... IN THE GOP'S = RNC'S GREAT "BATTLE OF ROMNEY"???
Newc in a way a great deal of it really is all about Obama.
Consider Obama's actions & desires in light of the bedrock principle that in a fiat money system where wealth creation, and therefore economic expansion, is premised on the perpetual expansion of credit. In such a system the key component that prods ahead or retards, or even destroys, economic growth is confidence or the lack thereof.
Have Obama's actions fostered or undermined confidence? I'll posit that on nearly every imaginable front he has advanced policy or stated a strong desire to advance policy that has undermined confidence in the US economy. Which isn't to say that absent Obama everything would be fine & we'd be growing at a China-like clip; very clearly that's not the case. But when given a chance to advance or undermine the US economy Obama has steadfastly chosen the latter course and he has no one left to blame but himself for the consequences.
Obama commences Operation Wag the Dog in 3 ... 2 ... 1 .....
Forty percent of the country is too stupid, tribal, venal, or encased in a leftist media bubble (often on purpose) to see that Obama has failed.
Sixty percent have either known all along or have figured out in the past 3+ years that he and his team are grossly incompetent, pseudointellectual dilletante poseurs and rent-seeking parasitic exploiters of the private sector.
However, many of that sixty percent don't care, many have some axe to grind philosophically and don't care if doing so takes out the U.S., and many are on the public sector gravy train directly or through regulatory pressure and rent-seeking "private" businesses, and so they want Obama to stay anyways.
Here's the thing....what percentage of that sixty per cent aren't getting a government check of one sort or another, don't have some bizarre ideological axe to grind, AND will be motivated to show up in November?
Upon that the election will swing.
Posted by: no mo uro ||
By extending the recession more of the unemployed are exhausting their benefits. This has "reduced" the unemployment rate because these people are no longer counted.
But they know who they are, and they know they are no longer receiving that sweet, sweet sugar from Unca Sam.
We are not Europe yet; most of these folks will want to get back to work -- and they know O'Bumble just doesn't have what it takes to turn this around.
Posted by: regular joe ||
Perpetual expansion of credit sounds very much like a perpetual motion engine. As in, not possible & will cease to function at some point.
[Daily Nation (Kenya)] Former US president Bill Clinton said he thought that fellow Democrat Barack Obama B.O.... would be easily re-elected to the White House, even though polls currently show a close race.
"I still think the president will win by five or six points," Clinton told CNN, in an interview with movie producer Harvey Weinstein.
Obama faces presumptive Republican nominee Willard Mitt Romney ...former governor of Massachussetts, currently the presumptive Publican nominee for president. He is the son of the former governor of Michigan, George Romney, who himself ran for president after saving American Motors from failure, though not permanently. Romney's charisma is best defined as soporific, which is probably why he is leading the Publican field. On the plus side, he isn't President B.O... in the November 6 election.
Romney has surged ahead of Obama in the southern battleground state of Florida, holding a 47-41 percent lead, according to a recent Quinnipiac University Polling Institute.
However Obama and Romney are even in a number of nationwide polls.
At this point polls show support for the two men closer than it will be in November, Clinton said, due to continued stress on the US economy.
But if Obama's supporters hit the trail and tout his achievements as president, Clinton said he was confident "he'll be fine and he'll be re-elected."
A Democratic primary race in northern New Jersey has devolved into a highly competitive proxy war over Israel, pitting the state's pro-Israel community against a growing constituency of Arab voters who have accused a sitting congressman of putting Israel's interests before America's.
As the race between Democratic Reps. Steve Rothman and Bill Pascrell nears its Tuesday finish, veteran political observers on the ground have expressed concern ...meaning the brow was mildly wrinkled, the eyebrows drawn slightly together, and a thoughtful expression assumed, not that anything was actually done or indeed that any thought was actually expended... at the way the battle between the two veteran politicians has transformed into a troubling ethnic brawl.
"One side says, 'We want this Jew out of office' and, frankly, it's pretty unsettling," Ben Chouake, president of NORPAC, a pro-Israel political action committee based in Englewood Cliffs, told the Free Beacon. "They emphasized [Rothman] is a Jewish congressman."
Others say they simply cannot recall a congressional race becoming a referendum on a candidate's religion.
"For the first time in recent American political history, we are witnessing a proxy battle between supporters and detractors of Israel, and it's playing out in the Ninth District of New Jersey," said one veteran campaign strategist who is knowledgeable about the district.
The race took an unprecedented turn on Monday when an Arabic campaign poster supporting Pascrell surfaced. It urged the "Arab diaspora community" to "elect the friend of the Arabs" and billed the race as "the most important election in the history of the [Arab] community," according to a WFB translation of the sign.
"I don't read Arabic well, but I am pretty sure that the pro-Pascrell posters that have appeared across the district are not calling to elect the candidate who supports a strong relationship between America and the only democracy in the Middle East, one which is rooted in progressive Western values--women's rights, gay rights, tolerance, freedom of speech, freedom of religion, etc.," said Josh Block, a Democratic strategist and former front man for the American Israel Public Affairs Committee.
Observers such as Susan Rosenbluth, publisher of the New Jersey-based Jewish Voice and Opinion, say the race took an anti-Semitic turn in late February, when a prominent Arab supporter of Pascrell accused the state's Jewish voters of being more loyal to Israel than America.