Plouffe: Voters won't base their vote on unemployment rate

Rick Moran
In politics, this is called "whistling past the graveyard:" President Obama's senior political adviser David Plouffe said Wednesday that people won't vote in 2012 based on the unemployment rate. Plouffe should probably hope that's the case, since dismal job figures aren't expected to get any better for Obama and the economy on Friday. Most economists expect a report from the Bureau of Labor Statistics to show that the nation added about 100,000 jobs in June. That's not enough to keep up with population growth, let alone lower the unemployment rate or make a dent in the 9 million jobs lost during the so called Great Recession. It's looking more and more like Obama will have to do something no president has done since Franklin Roosevelt: Win reelection with unemployment around 8 percent. Ronald Reagan, another president Obama is sometimes compared with, was reelected in 1984 when unemployment was 7.2 percent. Obama isn't likely to see a number that low. Actually, Plouffe is partly...(Read Full Post)