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Obama's 2.5 Percent Stall

Lloyd99 Wrote: Apr 21, 2012 1:10 PM
I do not see any economic growth when new jobless claims of 300,000 - 400,00 are being filed each week. We keep seeing reports from White House that thousands of jobs have been created, but never hear just by who or where they were created.  Who is hiring all these workers?  At the same time, we see no reports of the number of new jobless claims filed.  Following are numbers of new/initial claims filed by recently laid off employees - showing seasonal adjusted (whatever that means), not the higher figures for claims before adjustment. Jan 07, 2012        402,000 Jan 14, 2012        355,000 Jan 21, 2012        379,000 Jan 28, 2012        373,000 Feb 04, 1012        361,000 Feb 11, 2012        351,000 Feb 18, 2012        351,000 Feb 25, 201

Wall Street headlines are full of fears of a springtime stall for the already subpar economic recovery. And if that weren’t bad enough for Obama’s reelection chances, a spate of new polls show Mitt Romney’s economic-approval ratings are far outdistancing the president’s.

Even while the headline surveys basically show an Obama-Romney tossup, it will be very difficult for Obama to pull out a victory this fall. Traditionally, incumbents who poll below 50 percent are in trouble. And with Obama consistently in the mid-40s, he has a tough uphill climb ahead.

Of course, a subpar recovery has kept the...