Obama 2012: why weak jobs report is especially painful (+video) - LED Screen Wallpaper

There s a big literature that suggests that in the second andthird quarter before the election meaning March to August orSeptember if things aren t clearly on the upswing, thepresident is in trouble, says Cal Jillson, a political scientistat Southern Methodist University in Dallas . Over the course of the next three months or so, opinions willharden as to whether Obama s management of the economy is goodenough to maintain support or whether people start to think theybetter try [Mitt] Romney. In other words, Obama can t wait till the fall for better economicnumbers to emerge. Just ask the first President Bush , who lost reelection in 1992 amid voter impressions of a weakeconomy, even though the economy was clearly in recovery by Election Day . At this point, there s not much Obama can do, short of reassuringvoters that he feels their pain an aspect where the firstPresident Bush fell down in 1992. Flexible Led Display Screen

There has been talk of a possible QE3 a third quantitative easing, or monetary stimulus, bythe Federal Reserve but so far the Fed has held that option in abeyance. Partisangridlock in Congress means little of significance will happen therebetween now and Election Day. As soon as the May numbers came out, Obama took a pounding from Mr.Romney, who called Friday s jobs report devastating. This week has seen a cascade of one bad piece of economic newsafter another, said Romney, the all-but-certain Republicannominee for president, in a statement. Slowing GDP growth,plunging consumer confidence, an increase in unemployment claims,and now another dismal jobs report all stand as a harsh indictmentof the president s handling of the economy. LED Screen Wallpaper

Alan Krueger , chairman of the White House Council of Economic Advisers , also issued a quick statement, reinforcing the tough situationObama had inherited and noting that the economy had lost jobs for25 straight months beginning in February 2008. Obama took office inJanuary 2009. Today we learned that the economy has added private sector jobsfor 27 straight months, for a total of 4.3 million payroll jobsover that period, Mr. Krueger said in a statement. The economyis growing but it is not growing fast enough. Flexible Led Display Screen Manufacturer

At press time the Obama campaign had not released a statement onthe jobs report. On Friday morning, the president was heading to Minneapolis to tour a Honeywell facility and highlight his goal of boosting private sector hiringof veterans who have served in Iraq and Afghanistan . Obama will also attend three fundraisers in Minneapolis beforeheading to Chicago for three more.