Friday, June 1, 2012

Analysis: If bad job news persists, advantage shifts to Romney


Los Angeles Times ^ | June 1, 2012 | by Paul West



Another month or two of downbeat jobs reports like Friday's, and the 2012 electoral advantage will shift to Mitt Romney. At the moment, the election is still a coin flip. But even before the latest evidence of slowing job growth, President Obama was no better than a 50-50 pick to win reelection (as noted Democratic pollster Peter Hart put it recently). And with economic storm clouds building, it’s easy to imagine that Obama could be the underdog before too long.

“If the May report is a harbinger of what's coming, Romney’s message that ‘We can do better, but Obama can't’ will really resonate,” said Bill Galston of the Brookings Institution, a White House advisor in the Clinton administration.

A top White House economic advisor acknowledged that more needs to be done to recover from the worst economic downturn since the Depression of the 1930s.

(Excerpt) Read more at latimes.com ...

T-Shirt