Employment Data May Be the Key to the President’s Job

[nikimcbee]

Originally Posted by Takeda Shingen

I am not sure that Mitt Romney has the legs to win in the general election.

Don't you mean Palin? oh wait, that's not what you're talking about.

[Gerald]

WASHINGTON — A run of disappointing economic data, punctuated by Friday’s employment numbers, is emboldening Congressional Republicans in their standoff with the White House over the best way for the government to encourage growth.

Republicans said the slow pace of hiring in May underscored the need for sharp cuts in federal spending and regulation to spur corporate investment. They have refused to increase the debt ceiling, the maximum amount the government can borrow, without an agreement to make such cuts.

They argue that Democratic efforts to revive growth through public spending programs have failed as the economy remained weak and unemployment high almost two years after the end of the recession.

“You talk to job creators around the country like we have,” House Speaker John A. Boehner said Friday. “They’ll tell you the overtaxing, overregulating and overspending that’s going on here in Washington is creating uncertainty and holding them back.”

http://www.nytimes.com/2011/06/04/bu...assess.html?hp


Note: Update Record, Published: June 3, 2011