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There was news out today from the Congressional Budget Office warning that “a stalemate over how to tackle a series of fiscal deadlines at year’s end would likely push the United States economy into recession” again. Some of these challenges include the expiration of the Bush tax cuts, raising the debt ceiling and extending funding for federal programs.
Bloomberg reports that President Obama’s general election prospects keep improving as the economies of several vital swing states keep improving. When the Republican candidate for President is solely running on the issue of the economy, you have to think about Republicans’ motives during this economic recovery. The following positive news from important swing states might not seem that rosy to them.
In Ohio, the state’s economy followed the roller coaster of the auto industry to a deeper recession than elsewhere and a stronger recovery. Unemployment in the state dropped to 7.4 percent in April, also aided by a rebound in steel, growth in other manufacturing industries and a surge in oil and natural gas development through the use of ‘fracking’ technology…
Virginia, a state that went Democratic for the first time since 1964 in backing Obama, has been sustained throughout the recession by federal government contracts, particularly military procurement. Unemployment never rose above 7.3 percent and had dropped to 5.6 percent in April…
Joblessness has been declining more rapidly in Florida than elsewhere, with the 8.7 percent April unemployment rate down from a peak of 11.4 percent in February 2010. The state’s tourism industry has benefited from pent-up demand for more vacation travel as the economy has recovered.
Will these findings prompt a shift in focus for the campaigns? Tweet me your thoughts or drop me a line in the comment section below.
