links for 2010-07-02

  • The numbers were from the latest NBC News/Wall Street Journal poll, conducted June 17-21 among 1,000 adults by pollsters Peter Hart (a Democrat) and Bill McInturff (a Republican). Among the registered voters in the survey, Republicans led by 2 points on the generic congressional ballot test, 45 percent to 43 percent. This may not sound like a lot, given that Democrats now hold 59 percent of House seats. When this same poll was taken in June 2008, however, Democrats led by 19 points, 52 percent to 33 percent.

    That drop-off should be enough to sober Democrats up, but the next set of data was even more chilling. First, keep in mind that all registered voters don't vote even in presidential years, and that in midterm elections the turnout is about one-third less. In an attempt to ascertain who really is most likely to vote, pollsters asked registered voters, on a scale of 1 to 10, how interested they were in the November elections.
    How quickly GOP fortunes change

  • JOBS: The White House is girding itself for the release of June employment figures, which will show a relative paucity of private sector jobs created. In a way, the impact of this number has been blunted by expectation-setting and headlines that suggest the recovery might be fizzling. There will be a vigorous presidential response designed to show how engaged the president is. Reporters have been given a 12:01 a.m. embargo regarding its contents, but suffice it to say, it's a little like putting lipstick on a … bad jobs number.
    No amount of spin will ameliorate the bad feelings america is experiencing under Obamanomics
  • Fears that the economic recovery is fizzling grew Thursday after the government and private sector issued weak reports on a number of fronts.

    Unemployment claims are up, home sales are plunging without government incentives and manufacturing growth is slowing.

    Meanwhile, 1.3 million people are without federal jobless benefits now that Congress adjourned for a weeklong Independence Day recess without passing an extension. That number could grow to 3.3 million by the end of the month if lawmakers can't resolve the issue when they return.

    All of this worries economists. As jobless claims grow and benefits shrink, Americans have less money to spend and the economy can't grow fast enough to create new jobs. Some are revising their forecasts for growth in the third quarter. Others are afraid the country is on the verge of falling back into a recession.
    Obama had his chance and blew it with PORKULUS and more government spending.

    Cut taxes NOW

  • U.S. employment fell for the first this year in June as thousands of temporary census jobs ended and private hiring grew less than expected, dealing a blow to President Barack Obama who has identified job creation as a key priority.

    Nonfarm payrolls dropped 125,000, the largest decline since October, as temporary census jobs fell 225,000, the Labor Department said on Friday.

    However the unemployment rate fell to 9.5 percent, the lowest level since July, as people left the labor force.

    The report will add to worries the recovery from the longest and deepest recession since the 1930s could be faltering. Analysts polled by Reuters had expected employment to fall 110,000 last month, with the jobless rate edging up to 9.8 percent from 9.7 percent in May.
    Not a good sign for the economy as the federal debt soars