theGrio

Main menu

Skip to primary content
Skip to secondary content
  • Home
  • Politics
  • Business
  • Living
    • Health
  • Inspiration
    • Good News
  • Entertainment
    • Music
    • The Dish
  • News
    • Education
    • Sports
    • Black History

Red, Black & Blue

  • thanksgiving-travel-16x9.jpg

    Holiday safety tips

  • Meagan Good

    Good staying celibate

  • obama-and-choom-gang-16x9

    Obama's pot history

  • 2) I Am Legend (2007): In arguably one of his greatest dramatic performances, Smith held the screen virtually all by himself for most of this apocalyptic thriller's running time. He plays a military scientist who may or may not be the last man on the planet.  A scary good time at the movies.

    Will Smith's top 10 films

Unemployment challenges Obama's economic push

by theGrio | April 27, 2010 at 2:01 PM
Comments
Print
unemployment-challenges-obamas-economic-push1.jpg

FORT MADISON, Iowa (AP) — President Barack Obama is telling Midwesterners his efforts to stimulate the economy, make college more affordable and promote clean energy will bring help eventually to their struggling part of the country.

Obama began a two-day trip Tuesday to Illinois, Iowa and Missouri to try to convince voters that his economic policies are working, despite an unemployment rate that’s expected to remain at painfully high levels for months if not years.

Those voters — many of them independents — will be key to Obama’s re-election prospects in 2012. And his fellow Democrats, facing a tough political climate in the November, need their support even sooner.

In remarks scheduled to follow his tour of a wind turbine manufacturing plant in Fort Madison, Obama planned to discuss the economic pain and potential of rural communities and his vision of a clean-energy economy, White House spokesman Bill Burton told reporters traveling with the president.

William Galston, a former domestic policy aide in Bill Clinton’s White House and now a senior fellow at the Brookings Institution, said in an interview: “The bottom line is that the Democrats are almost certain to be campaigning in economic circumstances that will not be politically favorable.”

The latest economic forecasts do show signs of progress: The nation added jobs at the fastest pace in three years last month, the manufacturing industry is growing at a steady pace and new claims for jobless benefits have declined.

But the unemployment rate, perhaps the most recognizable economic indicator, has held steady at 9.7 percent for three months, and 15 million Americans remain out of work. By the White House’s own estimates, as well as those of many independent economists, that rate isn’t expected to fluctuate more than a few tenths of a percentage point through the end of 2010.

The president’s home state of Illinois, where he’ll travel Wednesday, has one of the nation’s highest unemployment rates, 11.5 percent.

That’s a far different reality than what the administration predicted last year when Obama rallied support for the $862 billion economic stimulus package. At the time, the White House said the massive infusion would keep the unemployment rate from topping 8 percent, though the administration later revised those estimates, saying the recession proved to be worse than it expected.

Though the administration wasn’t alone in underestimating the impact of the downturn — many independent economists had similar initial forecasts — Republicans see an opening to attack the administration’s handling of the economic crisis.

“The unemployment rate is a far cry from where President Obama and the Democrats said it would be,” said Ken Spain, communications director for the National Republican Congressional Committee. “We’re constantly going to remind voters that they promised.”

Polls suggest the president and his party are increasingly vulnerable on the economy. Democrats and Republicans each have the confidence of 44 percent of people for handling the economy, according to an Associated Press-GfK poll conducted this month. The Democrats had a 9-point advantage just four months ago and have held an edge since AP polls began asking about the issue in 2006.

Still, White House senior adviser David Axelrod said he’s confident those numbers will turn around as the economy continues its slow recovery.

“The president will get credit for the effort,” he said. “But there’s still a lot of misery and devastation.”

White House officials say that while the unemployment rate is an important economic indicator, it doesn’t tell the full story. Since the rate is based on the number of people looking for jobs, it’s likely to increase or hold steady as positive economic news leads more of the unemployed to restart their job search.

A more telling sign of the impact the stimulus and other job creation programs have had is the number of jobs gained or lost each month, according to administration officials. As Obama is quick to point out, the economy was losing 700,000 jobs a month when he took office. That number has steadily declined, and in March, there were 162,000 jobs created, the most in nearly three years.

Axelrod cautioned that job growth could be choppy over the coming months. And even though the economy is growing again, the slow pace means the 8.4 million jobs lost since the recession began in late 2007 are unlikely to come back quickly.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Filed in: News, Politics, Top Stories | Related Topics: Barack Obama, Economy, Iowa, Job Losses, Unemployment
  • Top Stories in Politics

    • Obama’s pot history Obama’s pot history
    • Obama struggles with low-income whites Obama struggles with low-income whites
    • Woman claims she dressed like Obama for Berlusconi Woman claims she dressed like Obama for Berlusconi
    • Romney hires veteran black strategist Romney hires veteran black strategist
    • Obama honors veterans during Memorial Day weekend
    • Obama photo remains in West Wing
    • Florida voters support ‘Stand Your Ground’ law
    • Rangel on black America’s truest heroes
  • New Stories on theGrio

    • How Harry Truman desegregated the military How Harry Truman desegregated the military
    • How WWII vets helped lead the civil rights fight How WWII vets helped lead the civil rights fight
    • Rangel on black America’s truest heroes Rangel on black America’s truest heroes
    • Remembering America’s black war heroes Remembering America’s black war heroes
    • Beyoncé performs for first lady, Malia and Sasha
    • Rape conviction overturned: Now what?
    • Rap Genius: Top 5 rap lyrics of the week
    • Hidden WWII film could aid today’s vets
  • LIKE TheGrio

  • Hot on Facebook

  • Category Cloud

    Atlanta Black History Business Chicago Detroit Education Entertainment Health Inspiration Living Los Angeles Miami Money News New York Opinion Philadelphia Politics Reviews Service and Activism Slideshow Sports TheGrio's 100 TheGrio's 100 Women Top Stories Travel and Leisure Video Washington DC
  • More from theGrio

More Stories on theGrio

Top News

Politics

  • In this Jan. 23, 1942 black-and-white file photo, Major James A. Ellison, left, returns the salute of Mac Ross of Dayton, Ohio, as he inspects the cadets at the Basic and Advanced Flying School for Negro Air Corps Cadets at the Tuskegee Institute in Tuskegee, Ala. Sixty years after President Truman desegregated the military, senior black officers are still rare, particularly among the highest ranks. (AP Photo/U.S. Army Signal Corps, File)

    Rangel on black America's truest heroes

  • Obama honors veterans during Memorial Day weekend

  • Woman claims she dressed like Obama for Berlusconi

  • Florida voters support 'Stand Your Ground' law

» Read More in Politics

Business

  • © olly - Fotolia.com

    Black Enterprise celebrates largest black companies

  • Facebook unveils Instagram rival

  • Donna Summer album sales up 3,277 percent

  • 5 resources for black entrepreneurs

» Read More in Business

Living

  • thanksgiving-travel-16x9.jpg

    Holiday safety tips

  • Good staying celibate

  • 'He tucks me in,' first lady says of president

  • Obesity costs: The new second-hand smoke?

» Read More in Living

Inspiration

  • 20120528-003600.jpg

    How Harry Truman desegregated the military

  • How WWII vets helped lead the civil rights fight

  • Remembering America's black war heroes

  • Tuskegee Airman grants b'day wish

» Read More in Inspiration

Entertainment

  • In this Friday May 25, 2012 photo provided by Parkwood Entertainment, Beyonce performs at Revel in Atlantic City, N.J., for the resort's premiere. (AP Photo/Parkwood Entertainment, Robin Harper)

    Beyoncé performs for first lady, Malia and Sasha

  • Rap Genius: Top 5 rap lyrics of the week

  • 50 Cent endorses marrige equality

  • Meet the breakout star of 'Battleship'

» Read More in Entertainment

News

  • This May 24, 2012 file photo shows Brian Banks reacting in court after his rape conviction was dismissed in Long Beach, Calif. (AP Photo/Nick Ut)

    Rape conviction overturned: Now what?

  • Hidden WWII film could aid today's vets

  • Kyrie Irving poses as 'Uncle Drew' in new Pepsi ad

  • Backlash against African migrants in Israel

» Read More in News

Main menu

Skip to primary content
Skip to secondary content
  • Politics
  • Business
  • Living
  • Inspiration
  • Entertainment
  • News
  • Help
  • Terms of Service
  • Privacy Policy
  • Advertise with TheGrio
  • About
©2010 NBCUniversal
Powered by WordPress.com VIP