Saturday, June 2, 2012

I'm an economic conservative so of course I'm voting for Romney instead of Obama. Yesterday Romney got some news so wonderful he could never have imagined it was possible.


This was copied and pasted from Bill Clinton Undercuts Barack Obama.

Backing the soon-to-be GOP nominee former Gov. Mitt Romney's business experience is something we would expect to come from national Republicans, but not an icon of the Democratic Party. Appearing on CNN, Clinton described Mr. Romney's tenure at Bain Capital as "sterling."

"I don't think we ought to get into the position where we say this is bad work, this is good work," Mr. Clinton said. "There's no question that, in terms of getting up, going to the office, and basically performing the essential functions of the office, a man who's been governor and had a sterling business career crosses the qualification threshold."

It is simply amazing to witness a former president of the same party sweep the legs out from underneath the Obama campaign's entire campaign strategy to make Romney look like a greedy capitalist who only cares about enriching a few at the cost of a middle class work force. In a few seconds, this strategy has been flushed down the toilet now that Bill Clinton has given the Romney campaign all the ammunition it needs to shoot down these attacks. It's hard to see how the Obama team will recover from this blow and if they can do anything to get Clinton to change his tune.
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I found this comment at another website:
Bill Clinton whom I love, showed the intestinal fortitude to be honest when he called Mitt Romney's business accomplishment "sterling" - meaning, of the highest quality. Good! It's the truth.  Loyalty, should count for something, which Clinton is known for;  So he still likes and supports president Obama... but his swift debunking of President Obama's central campaign issue, oh yes, repeat, "central" campaign issue, should tell Americans President Obama is a liar.
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The S&P 500 and Nasdaq are now down more than 10% from their highs of the year, which means they are officially in what investors call a correction.

"The U.S. employment report was simply terrible," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman.

The May jobs report showed only 69,000 jobs were added to payrolls, less than half the 150,000 jobs forecast by economists surveyed by CNNMoney.

The unemployment rate ticked higher for the first time in a year, rising to 8.2%. The CNNMoney Fear and Greed index showed investor confidence sliding even farther into "extreme fear" territory on the news.

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