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Dark economic clouds gather anew over Obama campaign
Reuters ^ | Jul 3, 2012 | Patricia Zengerle

Posted on 07/03/2012 4:25:27 PM PDT by mdittmar

(Reuters) - After a month in which his re-election campaign picked up momentum, hard economic realities are about to hit President Barack Obama as he takes to the road on a campaign bus trip through the Rust Belt.

Poor manufacturing data earlier this week followed by a likely weak jobless report on Friday are reminding Obama that he has a lot of work to do to convince voters he is bringing the economy back to full health.

A Supreme Court victory for Obama on healthcare and a surprise expansion of immigration laws that put Republican opponent Mitt Romney on the defensive on the issue may soon fade from memory.

"By Friday, the Supreme Court will be in the rear-view mirror and everybody will be talking about the state of the economy," said Greg Valliere, an analyst for institutional investors at Potomac Research Group.

"I think the debate on Friday will be whether the economy is still growing or whether we've hit a brick wall," he said.

U.S. manufacturing activity contracted in June for the first time in nearly three years, data showed on Monday, stark evidence of a slowing economic recovery and that Europe's debt crisis is weighing on the U.S. economy.

And the monthly jobless figures, the most closely watched economic indicator, are expected to be lackluster.

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


TOPICS: Breaking News; Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: obama; obamasfault
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To: doug from upland; b4its2late; popdonnelly; Ron C.
"The first priority is get Obama out of the White House."

Absolutely imperative.

81 posted on 07/04/2012 9:28:17 PM PDT by Mr Apple ( End obamacare!)
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To: TheOldLady

BSE isn’t even covered under Obamacare.


82 posted on 07/05/2012 1:24:50 AM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: mdittmar

The economy is what WILL sink Obama, NO DOUBT.


83 posted on 07/05/2012 4:25:03 AM PDT by Biggirl ("Jesus talked to us as individuals"-Jim Vicevich/Thanks JimV!)
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To: mdittmar

November is coming, we are dealing with a “one and done” President.


84 posted on 07/05/2012 4:26:51 AM PDT by Biggirl ("Jesus talked to us as individuals"-Jim Vicevich/Thanks JimV!)
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To: nascarnation

Gasoline broke into the “2s” here, but it may not be as big of a boost as the Baraqqis think.


We are at $3.05 here, but I also don’t see any improvement here. It’s helping with the fuel costs for the tractors and such. But once again those are mostly ‘sunk’ costs where the on-farm fuel tanks were bought with more expensive fuel that will continue to be used into the fall harvest.


85 posted on 07/05/2012 8:50:33 AM PDT by The Working Man
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To: SunkenCiv

*GASP!!* You read the bill? I’m truly impressed, Mr. Civilizations!

I don’t think much outside of suicide pills is covered by zer0care.


86 posted on 07/05/2012 11:17:25 AM PDT by TheOldLady
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To: mdittmar
After a month in which his re-election campaign picked up momentum, hard economic realities are about to hit President Barack Obama as he takes to the road on a campaign bus trip through the Rust Belt.

I wonder if he'll be in the inner city of the RUST BELTS. (and see someone steal the tires off the bus!!).

87 posted on 07/05/2012 2:15:20 PM PDT by ExCTCitizen (If we stay home in November '12, don't blame 0 for tearing up the CONSTITUTION!!)
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To: nascarnation

The decline in gas prices is the biggest indicator that the economy is in a bad way. It would take a year or more of such a price to re-ignite the economy in any meaningful way.


88 posted on 07/05/2012 5:48:36 PM PDT by arrogantsob (Obama must Go.)
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To: Ron C.
That is, unless too many conservatives refuse to vote against the commie bastard.

I'm voting against him, but I'm not voting for Romney.

89 posted on 07/05/2012 9:03:33 PM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: mdittmar

Obama needs a diversion. Perhaps he’ll have George Zimmerman arrested again.


90 posted on 07/05/2012 9:13:28 PM PDT by Cementjungle
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To: mdittmar

“By Friday, the Supreme Court will be in the rear-view mirror and everybody will be talking about the state of the economy,”


Wanna bet? The media will only talk about what King Barack tells them to talk about. And it won’t be the economy.


91 posted on 07/06/2012 4:45:23 AM PDT by chessplayer
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To: Leep

I would venture to say that half of those who worship obama will get a cut in pay under socialism. And ALL of them will bring home less because of tax increases and a rise in premiums. Yet they’ll still vote for him.


92 posted on 07/08/2012 8:54:02 AM PDT by Terry Mross ( To all my kin: Do not attempt to contact me as long as you love obama.)
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To: Terry Mross

Yet they’ll still vote for him.


Which of these choices best describes a typical Obama supporters.

A) Incompetent, stupid, lazy, illogical?

B) Evil, wicked, quite possibly insane ?

C)Ego maniacal,narcissistic, pathological lier,control

freak,manipulator?

D) sell out, loser,radical,commie,usurper?

E) All of the above?


93 posted on 07/08/2012 11:20:41 AM PDT by Leep (Enemy of the StatistI)
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