http://www.lbnelert.com/wp-content/uploads/2012/07/2012-PRES-ELECTION.jpgJOB
WEAKNESS STARTS TO SHAPE ELECTION
TONE: It is increasingly apparent what the economy will
look like when President Obama faces voters in November: pretty
much what it looks like today. And that
picture, a report from the Labor Department made
clear on Friday, is far from the booming job growth that prevailed
only a few months ago. In June, the economy added a meager 80,000
jobs, and the unemployment rate remained at 8.2 percent.
Early this year, optimists buzzed that the
jobless rate might touch below 8 percent by the election, a
milestone that would be a major symbolic victory for the incumbent.
Then employment growth slowed in March and took a turn toward the
paltry in April and May. With Friday’s report, what looked like a
blip has now become a streak. And with a gridlocked Congress
unlikely to pass any additional stimulus measures before the
election, the president is stuck again with an economy in stall
mode.
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