Posted on 09/07/2012 1:52:23 PM PDT by John W
WASHINGTON/PORTSMOUTH, New Hampshire (Reuters) - A bleak monthly U.S. jobs report poured cold water on President Barack Obama's hopes for a post-convention bounce on Friday, putting him on the defensive as he entered the final two-month sprint to the November 6 election.
Just hours after basking in the glow of his supporters' adulation on Thursday night at the Democratic convention in Charlotte, North Carolina, Obama was hit by a stark reminder of the challenge he faces convincing voters to give him a second term despite stubbornly high unemployment on his watch.
Jobs growth slowed more than expected in August, with nonfarm payrolls rising only 96,000, the Labor Department said. While the jobless rate dropped to 8.1 percent from 8.3 percent, it was bad news for the economy because the decline was largely due to more Americans giving up the search for work.
(Excerpt) Read more at news.yahoo.com ...
Grim? Try disastrous!
Poor Obama.
. . and the bloom is off of the rose . . .
It’s been grim so long, everyone’s sick of it.
They’ll walk into the voting booth thinking one thing:
“Do I want more of this?”
And the answer will be “No!”
Gonna be a landslide, folks.
I’m pleasantly surprised that these usually-liberal news sources are not just reporting that the ue rate dropped, but are actually explaining why.
WHAT GLOW???
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