New York Magazine writes that after proving that he was eligible for office (hooray!) and overseeing the death of Osama bin Laden (sincere hooray!), President Obama's poll numbers have been steadily climbing out of the gutter. Last week, his approval ratings hit a sixteen-month high, according to Gallup. And yet everyone knows that, ultimately, voters won't really be thinking about bin Laden or birth certificates when they vote for president in November of 2012. Selfishly, they will be mostly concerned about whether they have a job. That would be fine for Obama if the recovery was proceeding apace ... but it's not.
Two bright spots over the past few months — manufacturing and job creation by private companies — both slowed in May, according to new reports Wednesday. The data come amid other reports of falling home prices, declining auto sales, weaker consumer spending and a rising pace of layoffs.
Burn. There's still plenty of time for the economic recovery to right itself. Today's gloom has a way of quickly giving way to tomorrow's optimism. But for the moment, it's gloom…..
Read more at:
http://nymag.com/daily/intel/2011/06/everyone_agrees_bad_economy_is.html
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