evening all

****

Reuters: A surge in hiring in the world’s largest economy last month drove the Nasdaq to an 11-year high on Friday as optimism grew that the labor market is on a steady path to recovery.

The broad-based gains on solid trading volume also sent the Dow Jones industrial average near a four-year high….

The U.S. economy created jobs at the fastest pace in nine months in January and the unemployment rate dropped to nearly a three-year low of 8.3 percent, the government said.

“It is really hard to find something not to like in the jobs report,” said Andrew Goldberg, market strategist at JP Morgan Funds in New York. “There is genuine strength in this report with broad-based jobs creation.”

More here

****

****

****

President Obama thanks Lt. Jacob Johnson, an Arlington County firefighter and U.S. Marine Corps veteran who served in Iraq, for introducing him at Fire Station #5 in Arlington, Virginia

President Barack Obama poses for a picture with people in the audience following his remarks on the Veterans Job Corps at Fire Station #5 in Arlington, Va., Feb. 3, 2012. (Official White House Photo by Pete Souza)

****

NYT: The comeback from bankruptcy at Chrysler hit a milestone Wednesday when the smallest of the Detroit automakers reported a $183 million profit for last year, its first full year of positive earnings since 2005.

…. Last year’s results show how far Chrysler has come since 2009, when it was taken over by Fiat as part of the bailout engineered by the Obama administration.

Its revenue for the year increased 31 percent to $55 billion, and worldwide sales of its cars and trucks grew 22 percent to 1.85 million vehicles. In the United States, its market share increased to 10.5 percent, up from 9.2 percent a year earlier.

More here

****

WMUR: A new poll shows that the improving economy has also raised President Barack Obama’s standing in New Hampshire.

….Obama has seen his job approval rating nearly flip from the last Granite State Poll in October, with 51 percent now saying they like the job the president is doing, compared to 43 percent who don’t. Just 41 percent said they approved in October.

…. Obama’s improved fortunes are also reflected in head-to-head matchups against the Republican field in New Hampshire. In hypothetical matchups, Obama leads Mitt Romney by 10 points, Ron Paul by eight points, and trounces Newt Gingrich and Rick Santorum by 25 and 21 points respectively.

More here

****

****

The Week

****

Robert Shrum: …. So it’s Romney in 2012, despite glaring weaknesses revealed in the primaries, from his animatronic awkwardness to his plutocratic profile. The latter has been a product not just of attacks from his opponents — and the attacks will be unremitting in the general election — but of gaffes that are in reality self-revelations of his actual character and conviction. When he slips the confines of his canned answers, when an off-message moment or question deflects him from toeing his adviser’s carefully formulated tropes, he tends to shift from Ken Doll to Gordon Gekko.

…. For other candidates, the verbal miscue is an episode; for him, it’s an epidemic – offering $10,000 bets, saying foreclosures should run their course, claiming he feared getting a pink slip, explaining that $400,000 isn’t much money, announcing that he likes to fire people. (And at that, Romney has had a lot of practice.) He blithered about releasing his tax returns, then released only two years — and will face intensifying scrutiny about off-shore tax havens and whether he paid any tax, or almost none, in years we haven’t seen, like 2008 and 2009.

….Romney not only looks like the face of the Republican establishment; by his own words and deeds, he has become the face of unfairness in America, a profile in numbness and indifference.

…. What will Mitt Malaprop say next? Stay tuned.

Full article here

****

Nick Anderson

****

Steve Benen: Several weeks ago, I launched a Friday afternoon feature, highlighting the most offensive Mitt Romney falsehoods of the week. I was off last week, but let’s get it started again.

1. Romney claimed President Obama “went before the United Nations” and “said nothing about thousands of rockets being rained in on Israel from the Gaza Strip.”

True or false? The claim isn’t even close to being right.

2. Romney said Democrats “passed Dodd-Frank,” which “has made it almost impossible for community banks.”

True or false? He’s has said this before, and it’s still completely untrue.

More here

****

****

OFA

texas says sorry

From politicalpackrat (thanks a4Alice)

MeetRickPerry.com

‘does he think we’re not paying attention!?’

has romney not heard of “the google”

DemRapidResponse

****

Meanwhile, remember headlines like this – ‘Mitt Romney’s $10 Million Fundraising Windfall’ – from May?

Yahoo (May 17): GOP presidential frontrunner Mitt Romney raised a cool $10.25 million in a single day in Las Vegas, blowing away his competition and proving again he knows how to make money.

Today:

Think Progress: On May 16, with great fanfare, Mitt Romney announced that he “raised $10.25 million” in a single day. The announcement resulted in an avalanche of good press…..

….Romney himself touted the $10 million figure, saying, “That’s a terrific start. Actually it’s more than just a start – it really gives us the boost that we need at this early stage in my effort.”

….As it turns out, the campaign wasn’t telling the truth. Yesterday, the Los Angeles Time revealed Romney’s “sleight of hand”:

….the campaign not only didn’t raise $10 million in one day, they didn’t even collect $10 million dollars in pledges in one day. Instead, they “tallied” pledges they received “earlier.”

The Romney campaign purposely misled the press and the public for their own political advantage.

More here

Thanks Proud

‘romney backtracks…’ again?!

MSNBC: Over the last few weeks … Mitt Romney has argued that President Obama’s policies have made the economy worse.

Here was Romney in New Hampshire on Monday: “….He did not cause this recession, but he made it worse.”

…. at the New Hampshire debate earlier this month: “He didn’t create the recession, but he made it worse and longer.”

But at his press conference today in Allentown … Romney backtracked on the he-made-it-worse line.

When NBC producer Sue Kroll asked the former Massachusetts governor why he believes that Obama’s policies have made the economy worse – when the economy is now growing (and not shrinking like it was in 2009), when the Dow is climbing (and no longer in a free-fall like it was in ’09), and when the unemployment rate is down a full percentage point from where it was in Oct. ’09 – Romney gave this answer:

“I didn’t say that things are worse.”

More here

Thanks Me4obama

“which is it mitt?”

Steve Benen: Mitt Romney: “The Obama Administration has not been able to deal with the number one issue the country was concerned about when he became president, the economy,” Romney said. “He did not cause the recession, but he made it worse.”

Greg Sargent explained that the “made it worse” argument has been repeatedly fact-checked, and repeatedly proven false, but it doesn’t stop Romney from “cheerfully repeating the bogus claim.”

….Let me make this easy for Romney and the reporters who cover his campaign. It’s a surprisingly straightforward exercise, consisting of two short questions:

1. When Obama took office, the economy was shrinking. Now it’s growing. In what way is that “worse”?

2. When Obama took office, the economy was hemorrhaging jobs. Now it’s gaining jobs. In what way is that “worse”?

As best as I can tell, there are basically only three explanations. Romney is either lying and hoping no one will notice; he doesn’t know what “worse” means; or he considers a healthier economy worse than a deep recession.

Which is it, Mitt?

Full post here