Economy haunting Bush again

[cal04]

Commentary: Weak job growth returns as campaign issue
Try as he might, President Bush can't shake the ghost that haunts him, the ghost that cost his father a second term: A weak U.S. economy. The economy had been fading as a political liability for the president through the winter and early spring, but has now stormed back to command attention from the candidates and the voters.

Job growth has been slowing for four straight months. Consumer spending stalled in the second quarter. Energy prices surged. Interest rates are heading up. The latest blow to the president came Friday, when the Labor Department reported paltry job growth of just 32,000 in July. Republicans circled the wagons around the president's policies. "We're not satisfied," White House economic adviser Gregory Mankiw told CBS MarketWatch. "The president has said many times that he won't be satisfied until everyone who wants a job can find a job."

Democrats went on the offensive.
"Not only are we not turning the corner, but it's not even clear we are headed in the right direction," said Gene Sperling, a top economic adviser to John Kerry. "We have had nearly four years of failed economic policy that has led to declining wages, rising costs, and the worst job record since Herbert Hoover," said Rep. George Miller, D-Calif., chairman of the Democratic Policy Committee.

"This is a real disaster for Bush," said Robert Brusca, chief economist for FAO Economics. "Bush put the best economic minds together that he could and they engineered a tax cut that was supposed to have the economy humming going into the election. And what happened?"

http://cbs.marketwatch.com/news/story.asp?guid=%7BD6ECEB89%2D540B%2D46F7%2D8FA3%2D72BFADF7D8FD%7D&siteid=mktw

[unfrigginreal]

1. Gene Sperling needs to change his message

it should be:

"Not only are we not turning the corner, but it's clear we are headed in the wrong direction"

We never learn.

[soothsayer]

2. Good---Kerry wants a job---as the next U.S. President!

"The president has said many times that he won't be satisfied until everyone who wants a job can find a job."

Glad you're on our side, dumbya!

[Catfight]

3. Like father, like son, one term, you're done! But at least daddy

had 'some' competency, not a complete failure.

[rfkrocks]

4. Financial rocket science

Huge tax cuts for the rich, Huge government spending and a 1950 energy policy and massive outsourcing-it amazing that this is a bad thing for the economy-I guess we regular folks can't figure this out