Obama, Romney see what they want in jobs report
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WASHINGTON Sputtering along, the economy on Friday offered some hope but no illuminating help to voters who are mired in a weak jobs recovery and flooded with familiar promises from President Barack Obama and Republican Mitt Romney. The new employment snapshot seemed too mixed and middling to jolt a consistently close race.
Three months shy of Election Day, the latest numbers showed monthly job creation was higher than expected — but unemployment rose, too. That gave each candidate political room to see only what he wanted, and to stick with the fundamental economic argument that he thinks will win the White House.
"It's another hammer blow to the struggling middle-class families of America," Romney said of the pace of job growth, assailing Obama's record from a Las Vegas trucking business. At the White House, Obama surrounding himself with some of those families, playing up 29 straight months that private employers have added jobs.
"Those are our neighbors and families finding work," Obama said. "But, let's acknowledge, we've still got too many folks out there who are looking for work."
Fittingly, the two men spoke over each other on television, holding events at the same time.
The economy is stuck, long removed from the days of implosion but not growing enough to reduce unemployment or make people feel better. No signs of help are coming from a gridlocked president and Congress, or from the Federal Reserve, or from U.S. allies with their own problems as the world economy suffers.
That means the economy voters have now may be the one they get when it's time to pick a president.
The bright spot: Employers added 163,000 jobs in July, more than double that of June. Yet the politically important unemployment rate rose to 8.3 percent, a notch above June's 8.2 percent.
Only three such tone-setting jobs reports remain before the election — one in September the day after Obama speaks at the Democratic National Convention, one in October shortly after the two men debate on the economy, and one in November a mere four days before the election.
Whatever the monthly ups and downs, the big picture shows that the largest economy in the world has yet to take off: The 151,000 jobs added on average each month this year is almost the same monthly average as last year.
No economic recovery since World War II has been weaker than the current rebound from the recession that ended in June 2009.
A status-quo economy means the campaign arguments and strategies are not changing, either.
Obama and Romney will keep punching it out in largely negative advertising and personal appearances in about eight states expected to determine the outcome. Much of the rest of America will be left to give money, volunteer or watch from the sidelines.
Obama's locked-in message is about asking the nation's richest people to pay higher taxes, extending tax cuts for the middle class, and promising long-run economic growth by putting public money into education, energy and research. He has seized on a report that concluded Romney's plan would raise middle-class taxes.
Meanwhile, Romney's aides have long believed only a dramatic uptick in the economy could hurt his chances and force a broad change in messaging.
So one month of stronger-than-expected job growth did nothing to alter Romney's case that "America can do better." Capitalizing on an Obama vulnerability — public disapproval of the president's handling of the economy — Romney portrays himself as the change agent with the business background for the demands of the day.
He is promising to create 12 million jobs over four years, a pace that would demand nearly 90,000 more jobs every month than were created in July. Yet he has offered few specifics to back up that ambitious projection, outlining a broad economic agenda of trade, energy, and lower taxes, spending and regulation.
Obama used the new numbers to fuel his own narrative of an American economy headed in the right direction.
"We knew when I started in this job that this was going to take some time," Obama said. "We haven't had to come back from an economic crisis this deep or this painful since the 1930s. But we also knew that if we were persistent, if we kept at it and kept working, that we'd gradually get to where we need to be."
The economy lost 8.7 million jobs in the recession and its aftermath. Since then, it has regained 3.9 million.
The size of the hole, the slow climb out of it, and the broken politics of Washington have left a lot of the country weary. Even in an election driven by the economy, one Associated Press-GfK poll found that 60 percent of people said whoever wins the election will have slim-to-no impact on employment.
Romney and Obama are going after roughly 10 percent of the electorate that remains undecided in the presidential race.
Neither side contends the public is truly engaged in the race yet; August vacations and the Olympics have steered plenty of attention elsewhere. Yet the last month of summer will be busy, with Romney's choice of a vice presidential candidate coming soon, and the political conventions falling on either side of Labor Day.
Romney traveled from Las Vegas to Sun Valley, Idaho, for a fundraiser Friday night. He picked up the endorsement of actor Clint Eastwood, who told The Associated Press outside the Sun Valley Resort that he was backing the Republican because "I think the country needs a boost."
Romney is set to campaign in Indiana on Saturday, before spending two days in private at his New Hampshire summer home. He is expected to campaign in Iowa and Ohio in the following days before starting a bus tour targeting Virginia, North Carolina and Florida.
Obama, who celebrates his 51st birthday on Saturday, will spend much of the weekend at the presidential retreat at Camp David, Md. He will raise money in Connecticut on Monday before launching into a stretch of campaign travel in Colorado and Iowa, with fundraising in his hometown of Chicago tucked in between.
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Associated Press writers Steve Peoples in Reno, Nev., and Christopher S. Rugaber, Paul Wiseman, Julie Pace and David Espo in Washington contributed to this report.


Aug 7, 2012 at 5:13 p.m.
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Harry Reid refuses to release his tax returns, does that also by his own words make him a felon?
Aug 7, 2012 at 1:40 p.m.
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All Romney has do to to completely destroy Harry Reid, politically, is to release his tax returns. Why won't he? Why has John McCain, who has seen his tax returns, and passed on him for VP, not come to his aid?
Aug 6, 2012 at 11:12 p.m.
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dkush, nothing illeagal about putting money in offshore accounts or Swiss banks last I heard. If you earned it and paid taxes on it you can put it anywhere you want. Who has claimed that Romney's offshore accounts broke any laws?
Aug 6, 2012 at 9:26 p.m.
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olderandornier:"Worrying about Romney's taxes is a waste of time. He is very wealthy and dodges taxes any way he can. Just like everyone else, he just has more to dodge. What exactly do you want to see that you don't already know is there?"
The problem is that we need to stop ALL of our government officials and BIG MONEY from shirking their responsibilities of paying their fair share of taxes by putting their money in offshore accounts and not loading us with it all.
Aug 6, 2012 at 9:06 p.m.
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How many of obama's appointed persons owed back taxes?
Aug 6, 2012 at 6:20 p.m.
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The most absurd thing is Obama and the media calling this a recovery for the last couple of years. What kind of recovery is it when things
are getting no better or even worse?
Worrying about Romney's taxes is a waste of time. He is very wealthy and dodges taxes any way he can. Just like everyone else, he just has more to dodge. What exactly do you want to see that you don't already know is there?
Aug 6, 2012 at 6:10 p.m.
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'the IRS refunded 5 billion in fraudulent returns last year based on their estimates'
So what makes you think that they would have caught Romney evading taxes??
Aug 6, 2012 at 5:02 p.m.
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Romney was a Governor, Business owner, saved the Olympics, and all around public figure. I'm sure the IRS knows where to find Mr. Romney if they needed to.
Harry Reid is pulling another left wing stunt to keep your eyes off their lousy policies and Obama's tanking numbers.
Aug 6, 2012 at 4:33 p.m.
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Tim, Under the Obama rule he has an enimies list and is not afraid to slander them. Take the recent account of several BIG money doners to the RNC. Information is leaked. Reputations are tarnished. If there was something on his opponent it would be leaked. Such as dog on roof of car, vs Obama eating a dog.
Aug 6, 2012 at 3:11 p.m.
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Does Uncle Sam generally find out about tax evasion A) before B) during or C) after the evading happened??
Aug 6, 2012 at 1:51 p.m.
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If there was a problem with Romney's tax returns anytime in the past 10 years the IRS would be all over his case. Since there has been no reported problems I think this is just harrasment.
Aug 6, 2012 at 1:02 p.m.
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Just start with the most common...Tax returns have been released by president hopefuls for decades. It's time for Rmoney to do what's right, show 6 years of returns. That should be no problem unless he has something to hide. Rmoney showed 12 years to McCain when he was being looked at for VP. There must be a reason he is hiding them from the public now.
Aug 6, 2012 at 11:16 a.m.
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Woody --- Since when do we ask someone for 10 years of records, to look for improper financial activity. 2 Years were provided, all looked fine. If we dig into 10 years of taxes, then I would like to see all the records that Obama has had sealed. College records, applications, passport etc.... There is much more to discuss on Obama than you could even start to talk about with Romney. That the problem I have. You want everything from one side , but not the other. If Obama opens all his records, then I would agree that ROmney should open his. Otherwise, its just mud slinging and we should stick to the topics of what each candidate represents and will do for the economy.
Aug 6, 2012 at 9:35 a.m.
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"The private sector is doing fine"...hand over your money.
While Americans Continue To Struggle Under Obamanomics, Obama Takes Another Break To Party With Celebrities
http://gop.com/wp-content/uploads/2012/0...
Aug 6, 2012 at 9:30 a.m.
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That's probably a good thing, since they have no answers.
Aug 6, 2012 at 8:49 a.m.
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WH Press Corps Goes Seven Weeks Without a Question
http://www.whitehousedossier.com/2012/08...
Aug 6, 2012 at 6:04 a.m.
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Chris Matthews blabbering....funny?
Aug 5, 2012 at 10:36 p.m.
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oblamer...being that your one of those never ending birthers, here is a video of two elected birthers being questioned. Funny???
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http://www.youtube.com/watch?v=k-g7qmmr1...
Aug 5, 2012 at 6:15 p.m.
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I have a news flash for ya whz-bang: Not all business are successful, even with investment of capital, either from tax payer subsidized loads, or private investors.
4 years ago the righties gleefully painted Obama as an elitist that didn't represent the "common man". Do you people know who Mitt Romney is? Just another case of blindly supporting the nominee because he's the one that won the cash contest.
Aug 5, 2012 at 5:37 p.m.
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We could go back to the Bush days and see what rules were twisted for Halliburton too.
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http://www.independentwatertesting.com/e...
Aug 5, 2012 at 5:33 p.m.
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Solyndra was only 535 million. Don't start doing fuzzy math like Walker does.
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http://nbcpolitics.nbcnews.com/_news/201...
Aug 5, 2012 at 5:23 p.m.
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That is why it is important to see Rmoneys returns BEFORE the election. He might have made financial choices that were unethical or illeagal. We know he is evading taxes because you don't put money in the Caymans to get a tan. Then there is the issue with his 21million plus IRA which experts call magical. Mitt is for himself and his Bentley driving buddies. JMO
Aug 5, 2012 at 4:10 p.m.
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Lets say there was a president that spent $34.7 bil on 60,000 green jobs. Those jobs cost the taxpayer $578,333 per job. Private employers pay roughly $62K a year in wages and benefits for those jobs. So Obama's job creations were 922% higher , paid for by the taxpayers. now consider that 12 of the Solar companies that received that money went bankrupt shortly after the funds were passed out. I think the prez owes us an apology for pouring money down a black hole instead of slamming Romney's tenure at Bain Capital. A good example of how not to run an economy.
Aug 5, 2012 at 12:56 p.m.
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Even McCain said it was Fleecing the US Treasury (2002 olympics)
Aug 5, 2012 at 12:49 p.m.
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You want less gov spending? Romney was great for spending taxpayers money for the 2002 olympics, total bill: about 1.5 billion. Earmarks are a great source of money,eh?
Aug 5, 2012 at 12:41 p.m.
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Maybe Rmoney tax breaks for the rich?
Aug 5, 2012 at 12:40 p.m.
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Big Rmoney headline today: Mitt Romney is calling for "something dramatic" to help the economy recover, but he's not saying exactly what.
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Wow, that says alot.....
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http://www.centurylink.net/news/read.php...
Aug 5, 2012 at 11:55 a.m.
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Woody is nothing more than an msnbc and young turk parrot.
Aug 5, 2012 at 11:42 a.m.
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Rmoney...is he just a "out of touch liar" like some say? Read for your self...
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http://www.realchange.org/romney.htm
Aug 5, 2012 at 11:37 a.m.
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Tax returns have been released by president hopefuls for decades.
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You want to talk about school? Did Rmoney release all his school records? Did Bush release his college records??? Would he even want to??? Did he finish school?
Aug 5, 2012 at 10:58 a.m.
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So, how did Romney "save" the 2002 olympics? By lobbying congress for earmarks. Yes, the taxpayers were the ones that saved the olympics with a total payout of 1.5 Billion. More than twice the amount of ANY other US olympics. They he brags about it in his book. Did you get a olympic medal for Rmoneys earmarks? No, you got the bill though.
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http://firstread.nbcnews.com/_news/2012/...
Aug 5, 2012 at 10:46 a.m.
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Hey Mitt, were there any american cars that showed up for your fundraiser at the Hamptons? Or, were they all Mercedes Benz, Porsche, Rolls Royce, Bentley, Range Rover, and of course the new 2013 Ferrari.
It's no wonder you would have let the US auto industry fail, your buddies don't even drive them.
Aug 5, 2012 at 10:41 a.m.
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George Romney quote: " One year could be a fluke, perhaps done for show, and what mattered in personal finance was how a man conducted himself over the long haul."
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Hey Mitt, did you release just one or two just for show??? How did you "conduct" yourself over the long haul? Swiss bank accounts, Cayman islands, tax shelters, questionable IRA amounts, and a house with a car elevator?
The "just for show" man........
Aug 5, 2012 at 6:33 a.m.
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"Did you see what the SC congressman did to US Vets and their families? Refussing to help US Marines because of a fear of fraud. Disgusting, don't you agree?"
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What is disgusting is your take on it. He didn't refuse to help something that has been an issue for ~60 years; sounds like tax returns. The topic he did bring up sounds responsible. Perhaps you missed passed programs claiming to make things right that have been so full of fraud, all in the name of making things right, that cost all taxpayers MILLIONS like the pigford case. Correcting the real issue while covering REAL damages, if/when they occur is the right thing to do. Just like protecting the tax payers from the abuse that happens with these large blanket cases. The only the more ugly is the claims that trying to protect tax payers from fraud means someone wants to "refuse" help.
Aug 5, 2012 at 6:27 a.m.
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"Lastly, answer me this off-topic question? Why is forgetting to wear a lapel pin a major anit-American crime but putting money in banks outside of America to avoid paying taxes Patriotic? I recognize that both are legal..."
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Are they the same? Wearing a pin bears what meaning? I could understand if he wore another countries pin in its place would be a problem, but he didn't. Anyone claiming to make a big deal of a pin wasn't going to vote for him anyway, very similar to the cries over tax returns; so what. To the topic on moving money across boarders, if it is such a bad thing all of a sudden, why are the same people that are complaining over one person ignoring the millions who have do it before, including business' and your own govt. I suspect it carries the same weight as a pin and tax returns, the same ones who complain over it where never going to vote for that person anyway; which means it is just partisan banter worth nothing.
Aug 5, 2012 at 6:20 a.m.
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"Isn't part of the problem that the economic recession was followed by Reagan economics "trickle down"? The Bush tax cuts took place 6-8 years prior to the recession starting, doubling down doesn't seem to make sense. We can't simply do what you claim Reagan did because what Reagan did had ALREADY BEEN DONE! Tell me where I am wrong. Tell me that cutting taxes didn't take place prior to this recession. Tell me how cutting them more would have made sense."
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Seriously? Letting people keep their own money to spend as they want hurt the economy? What economic teacher have you been listening to? The notion that removing money from the people/business, adding cost to administer govt, and then let govt spend it somehow is better is silly math. If keynesian policy worked it would have during the last 4 years...it failed. A better approach is remove any and all tax gimmicks and have a very simplified rate for all. Having less than 50% paying into a system while a historic number of people are taking from it has failed. Stop the games, stop the silly incentives/deductions/credits, and create a simple streamlined system for all taxpayers including business. The idea that tax lawyers are needed, as a business expense, that consumers end up paying for in the end is nuts. The only thing more crazy is thinking those who keep their own money cost the govt money.
Aug 4, 2012 at 10:53 a.m.
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RAF,
Here is A link:
http://www.miamiherald.com/2012/07/17/28...
Aug 4, 2012 at 10:52 a.m.
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RAF,
Honest question...
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Isn't part of the problem that the economic recession was followed by Reagan economics "trickle down"?
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The Bush tax cuts took place 6-8 years prior to the recession starting, doubling down doesn't seem to make sense.
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We can't simply do what you claim Reagan did because what Reagan did had ALREADY BEEN DONE!
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Tell me where I am wrong. Tell me that cutting taxes didn't take place prior to this recession. Tell me how cutting them more would have made sense.
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Lastly, answer me this off-topic question? Why is forgetting to wear a lapel pin a major anit-American crime but putting money in banks outside of America to avoid paying taxes Patriotic? I recognize that both are legal...
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lastly,
Did you see what the SC congressman did to US Vets and their families? Refussing to help US Marines because of a fear of fraud. Disgusting, don't you agree?
Aug 4, 2012 at 10:30 a.m.
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As in the past, the numbers will be revised downward, either sometime this month, or next month.
Aug 4, 2012 at 8:02 a.m.
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"– If the size of the U.S. labor force as a share of the total population was the same as it was when Barack Obama took office—65.7% then vs. 63.8% today—the U-3 unemployment rate would be 10.9%. Even if you take into account that the LFP should be declining as America ages, the unemployment rate would be 10.5%.
– The broader U-6 unemployment rate, which includes “all persons marginally attached to the labor force, plus total employed part time for economic reasons,” is 14.9%, up a bit from May.
– The average duration of unemployment ticked up to 39.9 weeks.
– It will take 219,000 net new jobs a month for unemployment rate to be below 8% on Election Day if current participation rate holds steady.
– Job growth during the three-year Obama recovery has averaged just 75,000 a month for a total of 2.7 million. During the first three years of the Reagan Recovery, job growth averaged 273,000 a month for a total of 9.8 million. If you adjust for the larger U.S. population today, the Reagan Recovery averaged 360,000 jobs a month for a three-year total of 13 million jobs.
– The U.S. work force remains shrunken with just 58.6% employed:"
http://www.aei-ideas.org/2012/07/june-jo...
Aug 4, 2012 at 7:59 a.m.
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"Among the major worker groups, the unemployment rate for Hispanics (10.3 percent) edged down in July, while the rates for adult men (7.7 percent), adult women (7.5 percent), teenagers (23.8 percent), whites (7.4 percent), and blacks (14.1 percent) showed little or no change. The jobless rate for Asians was 6.2 percent in July (not seasonally adjusted), little changed from a year earlier."
"In July, the number of long-term unemployed (those jobless for 27 weeks and over) was little changed at 5.2 million. These individuals accounted for 40.7 percent of the unemployed."
"Both the civilian labor force participation rate, at 63.7 percent, and the employment-population ratio, at 58.4 percent, changed little in July. The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was essentially unchanged at 8.2 million in July. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job."
http://www.bls.gov/news.release/empsit.n...
Ugly information showing how the labor force participation rate has shrunk. If the rate was the same as 4 years ago the unemployment rate would be much higher.
http://data.bls.gov/timeseries/LNS113000...
Aug 4, 2012 at 7:16 a.m.
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We had the hope, now it is time for the change.
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