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 ...
Absolutely imperative.
BSE isn’t even covered under Obamacare.
The economy is what WILL sink Obama, NO DOUBT.
November is coming, we are dealing with a “one and done” President.
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.
*GASP!!* You read the bill? I’m truly impressed, Mr. Civilizations!
I don’t think much outside of suicide pills is covered by zer0care.
I wonder if he'll be in the inner city of the RUST BELTS. (and see someone steal the tires off the bus!!).
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.
I'm voting against him, but I'm not voting for Romney.
Obama needs a diversion. Perhaps he’ll have George Zimmerman arrested again.
“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.
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.
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?
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