The rough economic news continues: Employers added just 54,000 jobs in May, the fewest in eight months, while the unemployment rate increased to 9.1%... Genuine economic concern at the White House… But it’s optimistic about the state of the auto industry, and Obama delivers remarks at the Chrysler Group’s Supplier Park in Toledo, OH at 1:25 pm ET… Congress turns its attention to Libya… Romney’s good and bad day yesterday… GOP presidential hopefuls address the Faith and Freedom confab in DC… Why Gingrich won’t be there: He’s on vacation… Huntsman spends his afternoon/evening in New Hampshire… John Edwards likely to be indicted… And farewell to NBC’s Savannah Guthrie!
*** The rough economic news continues: It was about a year ago when a combination of the Greek debt crisis and the BP spill sent the jobs market in a tailspin. In May 2010, fueled largely by U.S. Census hires, the economy gained more than 450,000 jobs. Then the next month, it lost nearly 200,000. Is something similar taking place this summer -- after high gas prices, the disaster in Japan, and more instability in Europe? The latest jobs report shows that the economy added just 54,000 jobs in May, the fewest in eight months, the AP says. (Private employers added 83,000 new workers, while local governments cut 28,000 jobs.) What’s more, the unemployment rate ticked up from 9.0% to 9.1%.
*** Genuine economic concern at the White House: There's genuine concern at the White House about the economy, and it's not just because of the round of bad data circulating this week. Rather, it's from the stagnant data over the past six weeks. The top-three areas of concern from their view: 1) gas prices and the effect its having on consumer spending; 2) the European debt crisis, and 3) the political stalemate here over the debt ceiling. However, there’s optimism about the rest of the year -- due to Japan’s recovery efforts, business investment is still on the rise, and exports have been improving. Even under the guise of "worst case scenario," the phrase "double dip" isn't being uttered around the West Wing. The real fear is something akin to Japan in the '90s -- flat or stagnant growth leading to few jobs created over a number of years, in other words, "a jobless recovery."
*** But optimism about the state of the U.S. auto industry: Some good economic news that the Obama administration wants to highlight is in the auto industry, and that’s why the president today delivers remarks at 1:25 pm ET at the Chrysler Group’s Supplier Park in Toledo, OH. Here’s the news Obama will discuss: “Italian automaker Fiat SpA agreed late Thursday to acquire the U.S. Treasury's stake in Chrysler Group LLC for $560 million, ending the Obama administration's involvement with the Auburn Hills automaker,” the Detroit News reports. “The U.S. exit ends a 30-month involvement of two administrations in saving the company from collapse, beginning with the Bush administration's decision to bail out Chrysler with $4 billion in December 2008.”
*** Congress turns its attention to Libya: The White House also has to worry about congressional attitudes about Libya. Per the New York Times, the House will vote on “two measures that are strongly critical of President Obama’s decision to maintain an American role in NATO operations in Libya.” One resolution, sponsored by Congressman Dennis Kucinich, would direct the president to end the United States’ limited involvement in Libya in the next two weeks. The other resolution -- introduced by GOP leaders fearful that Kucinich’s measure would pass and would send the wrong message -- states that the White House has not received congressional authorization for the use of force in Libya and it asserts that Obama must provide Congress information about the mission there within 14 days. A question to ponder: Is this real war fatigue that's been building over a decade, or is this a case -- among Republicans -- if Obama's for it, it's easier to be against it?
*** Romney’s good and bad day: If he’s going to be the eventual Republican nominee, then Mitt Romney had a good day yesterday. He was on message with the big story of the day: the U.S. economy. But it also was a bad day in his attempt to get the GOP nomination. Sarah Palin, in Massachusetts of all places, took a shot at Romney’s health-care law. "In my opinion, any mandate coming from government is not a good thing,” she said from famous Bunker Hill. Rudy Giuliani, who’s mulling a presidential bid, also piled on. “The reality is that Obamacare and Romneycare are almost exactly the same, it’s not very helpful trying to distinguish them,” Giuliani said while in New Hampshire. Since your authors have been covering presidential politics, we can’t remember a time when high-profile members of a political party took a shot at their own on his/her announcement day. In fact, the 2008 vice-presidential nominee (Palin) tried to kneecap the party’s 2012 front-runner. Truly stunning.
*** Gotta have faith (and freedom): Several GOP presidential candidates and other high-profile Republicans speak in DC at the Faith and Freedom Conference, organized by former Christian Coalition head (and Abramoff business associate) Ralph Reed. Slated to speak: Paul Ryan (9:37 am ET), Michele Bachmann (10:00 am), Mississippi Gov. Haley Barbour (10:15 am), John Boehner (11:27 am), Jon Huntsman (11:42 am), RNC Chair Reince Priebus (11:57 am), and then in the evening it’s Donald Trump (7:35 pm), Tim Pawlenty (8:48 pm), and Mitt Romney (9:13 pm). Notably, skipping the event: Newt Gingrich, who will send a video message instead.
*** Vacation … all I ever wanted: So where is Gingrich, who’s been especially quiet over the past several days? Well, he and his wife Callista are on vacation, per spokesman Rick Tyler. The couple always "planned to take this time" when they looked at the calendar, Tyler said. "This fits the schedule." Gingrich will be back on the trail June 8 in New Hampshire. He's doing a Republican Jewish Coalition event June 12 in Los Angeles, and then is doing the CNN debate June 13.
*** On the 2012 trail: In addition to his remarks at the Faith and Freedom Conference in DC, Huntsman heads to New Hampshire later today, where he delivers keynote speech at Belknap County GOP Committee's Annual "Lincoln Day" Dinner.
*** Edwards likely to be indicted today: Former Democratic presidential candidate John Edwards is likely to be charged today over “the money used to keep his mistress in hiding during the 2008 campaign,” the AP reports. “A person with knowledge of the investigation said Edwards' attorney, Gregory Craig, planned to be in his client's home state Friday. Prosecutors are prepared to file charges, and the sides are still in discussions for a plea deal, so it's unclear whether Edwards will be indicted or agree to a negotiated charge.” NBC’s Lisa Myers reported on “TODAY” this morning that sources say he will reject the plea agreement and will be indicted.
*** Farewell to Savannah Guthrie: Finally, today is NBC’s Savannah’s Guthrie last day in the Washington bureau and as co-host on MSNBC’s “Daily Rundown.” She is headed to work full time on the “TODAY” show in New York. Savannah is a great colleague, friend, and contributor to First Read, and we’ll miss her. We wish her the best of luck in New York! Be sure to tune into today's “Daily Rundown” for some farewells and even a few surprises.
Countdown to Iowa GOP straw poll: 71 days
Countdown to NV-2 special election: 102 days
Countdown to Election Day 2011: 158 days
Countdown to the Iowa caucuses: 248 days
* Note: When the IA caucuses take place depends on whether other states move up
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The greatest topic by the Liberals on here is how all the MSNBC talk show hosts are NOT Liberals - LOL
Olberman was the most manical TV personality I have ever seen. I was shocked to see Keith desparately search for more and more offensive phrases , insults and slurs to eject from his Radical Left Wing Mouth,, and he wound up where he deserved.
Ed Smith follows the Tradition. Rachel Maddow is a dyke and an embarrasment. Chris Mathews used to be a decent man, but has gone completely to the Dark Side... Read the Polls,, no ratings for MSNBC ,, know why ? Too slanted and not based on anything but Liberalism at its very worst !
Turn into Fox for the news .
I an relishing watching all the swill, hatred and venom pour out of the Liberals mouths on here :-) You Libs are doing an excellent job of mouthing Obama's lies and demogogury,,, and are mindless puppets.
You seem to forget that America was built on Conservatism and Moderation. It was built by hard working people from all over the world that rejoiced to live and work here,, and created this country into the Greatest Country in the history of the World. Liberalism wasn't in play until the early 1900 hundreds when Woodrow Wilson began destroying this country with the Federal Income Tax and the Federal Reserve . You might want to remember that Wilson left the country a huge depression that Conservatives turned into the roaring 20s. They cut taxes and spending , and none of you can show a real example of where raising taxes helped this country.
Clinton was fortunate to enjoy the Tech Boom, and when it collapsed, no fault of Clinton's by the way,, it is a natural business cycle,, the stock market crashed. I never liked Clinton but thought he was a decent President, but far from the Liberal Saint you portray him as.
The facts are hard to swallow for the Liberals. Pelosi and Reid took over Congress in 2007. Since they did, spending has been rampant and out of control. You people forget that both GM and Chrysler in fact,, declared bankruptcy. All Obama did was hand control of GM over to the Unions who had wrecked the company.
Tell me how the Airlines benefited from your precious Unions ? Every single major airline except Southwest has declared bankruptcy.
Between your precious Unions and the shut down by the EPA of Energy Exploration,, see the Gulf Oil Moratorium that cost 13,500 jobs in Lousiana when that state was dying for relief. And Obama's Claims man Feinburg has done a pitiful job in delivering money to individuals and businesses that were supposed to " get help " from the Government. Obama's performance on the Gulf Oil Spill was so poor he made Bush look like a hero in New Orleans.
The facts are killing the Liberals. You slant everything into your vision of the world ,, which features Class Warfare ( hate those rich folks ) , Destroying Medicare ( Obama's cut the Medicare Budget by $500 billion when more people than ever in history are enrolling ) , False Racial Claims,, funny how you simply hate Clarence Thomas because he is a Black Conservative. Your Utopian View of the World is so false. Do you really think other countries love Obama ? Does it really matter ? They damn sure do not respect the USA anymore.
The simple fact is you can choke on the facts which are real. The Housing market has never been worse ( good ole Community ReInvestment Act - a Liberal dream that blew up in our faces ) Fannie Mae and Freddie Mac that engineered most of the bad loans, FHA, shall I go on ?
Things are bad and getting worse. The National Deficit cannot possibly be addressed without Entitlement Revision,, yet you throw your hatred and disrespect at Paul Ryan for having the guts and courage to address it now,, and you know damn well Obama is simply avoiding the issue and using it as a political tool. Obama admitted this week he was NOT waivering from his " Political View " . He has no choice in that neither Obama or anyone in his entire Administration has a clue on economic reality.
Obama's agenda is pure Radical. Americans did not want his damn Obama Care. So he can choke on it now and it WILL get overturned by the Surpreme Court !
Obama has failed on the most basic responsibility of the President openly -- he stands by idly as the people of New Mexico, Arizona and Texas now live in Terror along the Border. There has never been a time when so many potential terrorists from the Third World Countries,, have crossed into America. He declared Open Warfare on ARizona,, which the Supreme Court just supported in their latest decision.
I do not understand how you people call yourself Americans. By attacking the Tea Party , of which you know nothing about ,, none of you ever attended a Tea Party Event,, you expose your own slanted bias.
I laugh when you talk so tough on here,, kick the Republican buttes, you are mostly big mouthed radicals and people who depend on the Government to survive, with your misplaced beliefs.
It is getting harder and harder to distinguish between Far Left Liberals,, and Communism,, and Obama is certainly no stranger to Communism. His " Dreams of my Father " is dedicated to died in the wool Communist Terrorist .
wow, talk about hard core radical views! Lots of hate in you man, instead of opinions throw out some facts to base your hate on.
I am not a liberal and the only thing I want from Gov is to get out of my life.
Also true though I never have attended a tea party rally but I never attended a KKK meeting either but I know they are radical haters too.
The one thing I have against the Tea Party is the "We are going to take our country back" stuff, it is not your country to take back. the country belongs to all Americans not a secondary Republican Party
Robert; you dont even have a coherent point to make about anything. face it obama is a failure; and many on the left are stuck on stupid trying to defend him
Robert; you have nothing to back up your chrge that the Tea Party are "radical haters"; that makes you a hypocrite and a hater yourself; engaging in slurs against people you dont know, with nothing but your hate-filled opinion as "evidence".
Wow, Alan W, do you feel better? Getting all that hatred out must be a relief.
rob
I was replying to Alan W, which if you read his post you could replace Tea Party with Liberals in your statement and realize there does not seem to be a difference.
again; no substance; you made a charge you cant back up.
Great lesson in irony;
um sure robert; but what is obama "for"? it's so hard to tell when he's leading from behind.
Why don't we let President Obama speak for himself, rob?
http://www.theatlantic.com/politics/archive/2011/04/obamas-deficit-speech-transcript/237274/
lol that's like saying you like puppies.
maniacal liberal spending is ruining the very programs libs stand for; and the left's inability to create an environment for job growth is harming programs that are funded by worker contributions; meanwile virtually al of the programs are available to illegals who paid little or nothing into the system
Pretty well married to this Conservative narrative, aren't you rob? It's all laid out in the link above;
Robert; the Tea Party is allowed to say "WE are going to take our country back" because it IS their country; it's YOUR country too. YOu dont see them whining if you say it's your country do you? all you are doing is making a fool of yourself and being un-American manufacturing hate that isnt there
what? you are not making sense, slow down.
also read comments you are replying to, I said it belongs to ALL Americans, not a party that has their own ideology of what the country should be, I believe differently.
I also think that spewing hate like Limbaugh and Hannity do with no solutions or ideas other than opinions and sound bites and hate. "Hate out of thin air" hum, sounds familiar huh Rob! Hate and calling people you don't know names like left-winuts and crap like that, yeah you are a great one to talk at all... Frigging haters!
exactly robert; America belongs to all; thanks for making my point for me. they didnt say the country belonged ONLY to them when they said they want to take the country back. they have their vision and you have yours of what the country should be like.
again you display your knack for mindless HYPOCRISY. MSNBC fired olberman and suspended schultzs for REPEATED hate-filled rants
poor robert; there's a $100,000 reward being offered by a "right-winger" for PROOF of hatred supposeldy thrown by the Tea Party agaisnt Black lawmakers. since you are so convinced of this hatred by the Tea; why dont you go collect the money? it's still available
rob, by your own argument the government belongs to "all of us". That being the case whom is the TP "taking our government back" from? The two statements are contradictory.
no it isnt; we are all free to claim the government as "ours'. they want to take it back from people they see as ruining it; just as the left felt they did in 2008. keep trying
You've just admitted that by "taking our country back" you mean to exclude people with whom you disagree. Thanks for your cooperation.
no; i didnt admit that. but you are frre to deceive yourself. the Tea is made up of all kinds; but nobody can make you confront this dangerous far-left government. you have to want to be free
rob, let me jump in here with ya. When the TP says they want to take "our" country back, they mean from those in "our" mist that believe the Constitution is no longer relavent and should be ignored or read so that the government can do what ever it wants. This is in contritiction of why the founders gave us the Constitution. The Constitution and Bill of Rights were created in order to keep the government out of our daily lives. They give the government 18 things it is supposed to do and nothing else and health care is not one of them. If you want the government to control health care, then so be it, but you should do it the correct way, by getting an artical 5 converntion to amend the Constitution and add health care to one of the powers for the government to control.
typical left-winuts making accusations of "hate" out of thin air
all Alan W did was state the obvious. i dare you hate-filled hypocrites on the left to point out exactly what in Alan's post qualifies as "hate". the Left and their idiotic charges of hatred against anyone they disagree with or that dares disagree with them, are just an attempt to bully people into silence; similar to what FASCISTS DO.
Alan told it like it is; lemmings on the left live deep in a world of hypocrisy, projection and denial where the hatred THEY spew IS CONDONED, tolerated and never questioned. So of course a dose of truth from anybody not on th Left is greeted with the usual idiotic charge of "hate" from intellectually dishonest, ignorant people on the Left
um; robert; pointing out left-wing hypocrisy isnt a charge of hatred; it's a fact
poor robert; now you are whining that you could replace Tea Party with liberal in alan's post and there would be no difference? after the unhinged attacks on the Tea Party by the Left you expect them to not be angry about it too? that's the problem with the crybaby left; they demand the right to frame every debate
ba bye hater, talk about hypocryte, you ar ea shining example buddy!
cry robert
now it's much more civil!
you're still a hypocrite
lame charges or racism and hate are all the pathetic dinosaurs on the Left have to offer
Now, let's see, job growth was still positive, it just wasn't a big as everyone would like. It would be a bigger, but state and local governments keep laying people off, a TeaBagger dream-come-true.
This, as opposed to an economy that was shedding jobs at ten times this rate, not three short years ago.
And, this is when you Villagers set your hair on fire and start running around telling everyone the sky is falling?
Get back to us when job growth goes negative; in the meantime, stop trying to create a controversy for the sake of having a controversy to report.
Job growth is sluggish because demand it down. Businesses don't hire when demand is down, they hire when there is a good prospect of making more money by doing so. Same as it always has been.
Want a controversy to report on? How about: "Consumer confidence down due to TeaBagger intransigence on debt ceiling!"
Take that as a starting point, and see where it leads.
demand is down because people have less money. people have less money because MANY ARENT WORKING. nice circular argument einstein
Uh, rob, how many different ways do you rightwingnutwits think you get to play this?
The economy is a circular proposition: When people don't work, they don't buy things, and when they don't buy things, more people don't work. It has always been thus.
But, sometimes people just hold on to their money in anticipation of trouble ahead: Like when they have reason to believe the TeaBaggers in Congress are willing to send the entire world economy into depression and damage the US permanently so that they can achieve their Aynus Randian Utopia.
TeaBagger intransigence is already effecting bond markets, with the result that the US will likely have to pay increased interest on its debt, thus making it harder to pay off.
What a swell bunch of Patriots the Kochs have purchased.
the ignorant left blithely dismissed the President's association for 20 years with a bigot and hater named Reverend Wright. "out of context" was the absurd excuse they used to dismiss the bigotry of reverend wright. if Wright's statements were taken out of context then why has obama severed ties with him now? and how do you take "I cant get next to Obama anymore; he's surrounded by too many Jews" out of context? what would be the proper context for this?
I have read some of the posts asking "What have the Republicans accomplished in the last two years?".
For the last seven years the Democrats have been the majority. As of now 2011 they hold the Senate and the Administration, less then a year ago they also held the House of Representatives as the majority until they upset the American voters, who voted in Republicans as the majority of the House of Representatives to balance things out.
2012 will decide who is the majority for 2013. However it is apparent that the democrat leaders still have deaf ears and the posters here wish for a republican leadership. You must, for if you wished for a democratic leadership you would stop insulting the intelligence of American voters.
With the Democrats still being the majority the question is irrelevent regarding "What have the Republicans accomplished in the last two years?".
The relevant question is: What have the democrats done in the past seven years to earn for more years as the majority?
Are we better off today economically then we were seven years ago when the democrats became the majority.
I could care less if democrats are the majority, or the Republicans, but I do care about results. The Democrats are the majority, you get ownership on the mess, or the glory if the economy is on its feet.
Right now in 2011 it is a mess. You are the majority, you have 1 year and 5 months to turn it around, or the voters will repeat the 2010 results. Then in 2015 you can truthfully ask the question: "What have the Republicans accomplished in the last two years?".
Better to focus on what the democrats are doing today in 2011 so the above situation does not occur.
John; you cant post obama speeches all day; all you do i make the argument for the other side; the gap between what obama has done and what he says in a speech is enormous
john; did obama say in his sppech he was going to widen the gap between the rich and the poor? i must have missed that part. but thats' what has happened. so much for making a point about obama by citing his speeches
John; i must defend obama's honor here; if not his results. Obama never promised to raise the poverty level in any of his speeches; nor did he promise to raise the National Debt, budget deficits or the unemployment rate; but that's what has happened. so again so much for using an obama speech as evidence of the virtues of obama
anyway John i DID ask what obama is for so thanks for showing that to me; but you could have included all the other things obama said he would do that he flat out reneged on; like putting bills on C-SPAN for 5 days and waiting 5 days to sign bills; and reducing the unemployment rate to 7% with his stimulus; and uniting a nation
poor left-wingnut JC; the obama economy is a failure; the Koch brothers have nothing to do with it; they HIRE Americans; unlike your boss George Soros
Hey, First Read "moderators", is there any upward limit on how large a percentage of a single discussion can be taken up by any one paid troll?
you sound like queef olberman trying to run to obama to save his failed job!! at MSNBC no less!! lol
Wow, rob, that made absolutely no sense at all.
How much do they pay you to just sort of free-associate all over NewsVine? Does your check come from NewsCorp. or GE?
delusional conspiricy theory? lol you never cease to be predictable
You didn't answer the question, rob: Who pays you to troll here?
Your really should come up with someone, because if the answer is "no one", then you need to head back to your room right away.
and JC; if there are people "purchased" by the Koch brothers as you so absurdly claim; then at least that came from private money; not OUR money as your messiah obama has used to grease the palms of his union cronies
And the Political Machine is winning. Can't you people see that they a pitting us against each other with their lies and brainwashing tactics. The party system is winning this battle and we are on the losing end. They don't care about anything but themselves, both sides. If we don't change this situation we are going to become a third world country. What we need is new blood in office that are not politicians but regular people. If Washington has proved one thing it's that intelligence can't run a country built on common sense.
oh and also JC; all repubs want dems to do is lower spending; like obama PRETENDS to want to do as he BREAKS every Bush and republican spending record; anyway obama himself is on record saying it's "irresponsible and reckless" to raise the Debt Ceiling; in fact he voted AGAISNT IT so is he lying now or was he lying then; and are you a hypocrite now or were you a hypocrite then?
JC maniacal liberal BORROWING AND SPENDING is affecting the bond markets; and inflation. keep ranting about the Tea Party as obama's agenda crumbles around you
Yes, rob, and all that BORROWING AND SPENDING just started in late January, 2009. You know, when history according to rightwingnutwits started.
Now, it's time to take one of your red pills, and do what your nurse tells you.
JC, It started when the Dems took over both houses in 2006. You need to do you own research and quit relying on the news media which is one sided by BTW.
SHAWN, bull@!$%#. The DEMS didn't take over the House until late January, 2007, and the @!$%# was already hitting the fan, before they even had a chance to re-assign office space. Now, rightwingnutwits want to revise very recent history to claim that, somehow, a DEM Congress passed so much legislation in such a short amount of time that they somehow caused a crash to happen even before they were in power.
Speaking of research, you might want to consider actually looking at some historical facts and figures; this is very recent history, after all.
NewsCorp and all of its many subsidiaries have filled your head with mush.
Sorry JC but I check the voting records in the House and Senate, they blocked Bush on F & F. You are the perfect example of my Post # 72.
SHAWN, first of all, WTF is "F & F", and, second, tell us all, then, the specific pieces of legislation that the DEMS managed to pass before they even took power that caused Bush's Economic Diaster.
I bet Anthony Weiner is the only Dem who is happy the unemployment number just went up to 9.1 %. It got the country to stop talking about his "hot dog" sitting in that dirty, hot water !
Of course the phase "double-dip" is not being uttered around the West Wing. Obama officially declared the Great recession was over. So the word "recession" can be said around the West Wing, and it should be uttered several hundred times for it will happen. Some of the top economist's are stating another recession will happen before year's end. For half of America, the Great Recession never ended.