Will the economy doom or save Obama?

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Ryan Avent imagines the president’s record going forward:

A lot can happen over the next year, but for the moment the current recovery looks likely to continue. On Friday, the Bureau of Labour Statistics will report the latest employment data, for the month of December. The consensus forecast is for a gain of 170,000 private-sector jobs and a loss of 20,000 public-sector jobs, for a net gain of 150,000. (In the year to November, the economy added an average of 133,000 net jobs and 157,000 private-sector jobs per month, so this would represent a slight acceleration.) If we extrapolate those changes out through the election, then Mr Obama’s opponent will only be able to claim net job losses during the Obama presidency of just 55,000. What’s more, the net figure will entail government job losses of 833,000 combined with net private-sector job creation of 788,000. Given steady improvement in state and local finances, continued loss of 20,000 government jobs per month seems too high, so there is a decent chance that the Republican nominee will be unable to claim any net job loss during the Obama presidency at the time voters go to the polls.

Via The Daily Dish.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.