Good Jobs News for America Is Bad News for Mitt Romney

More

A lower unemployment rate threatens the presumptive GOP nominee's plan to run against Obama's economic record.

economylawrence.banner.reuters.jpg

Hours after Republican presidential hopeful Mitt Romney claimed victory in Florida, Gallup issued a press release with this headline: "U.S. Job Creation Best Since September 2008." Talk about raining on his parade! With Friday's news that the unemployment rate has fallen to 8.3 percent, the lowest since February 2009, make that a flash flood.

What will happen to the GOP narrative about the miserable "Obama economy" if things continue to improve throughout 2012?

Gallup found that in January, 33 percent of workers said their employers were expanding the size of their workforce, while only 17 percent said the opposite -- for a job-creation index of +16, the highest since the economic crisis began. Gallup also said that "the job situation usually deteriorates at this time of year, making the improvement last month even more impressive."

It's too soon to say whether voters will be as impressed as Gallup, or agree with Romney's attack on President Obama ("more job losses and more home foreclosures than under any president in modern history"). After all, the Congressional Budget Office says that unemployment could return to 9 percent by November. And, of course, a European implosion, an oil-price explosion, and other disruptions are always possible.

But if indicators continue to improve, Romney may have to tweak his argument from "Obama has failed" to "things would be a lot better by now" if someone else had been president. That sounds a lot like Obama's case -- that without his policies, things would have been much worse -- and may be just as hard to sell.

Image: Frank Polich / Reuters

Jump to comments
Presented by

Jill Lawrence is a national correspondent at National Journal. She was previously a columnist at Politics Daily, national political correspondent at USA Today and national political writer at the Associated Press.

Get Today's Top Stories in Your Inbox (preview)

What's the Number One Thing We Could Do to Improve City Life?

A group of journalists, professors, and non-profit leaders predict the future of livable, walkable cities


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

Adventures in Legal Weed

Colorado is now well into its first year as the first state to legalize recreational marijuana. How's it going? James Hamblin visits Aspen.

Video

What Makes a Story Great?

The storytellers behind House of CardsandThis American Life reflect on the creative process.

Video

Tracing Sriracha's Origin to Thailand

Ever wonder how the wildly popular hot sauce got its name? It all started in Si Racha.

Video

Where Confiscated Wildlife Ends Up

A government facility outside of Denver houses more than a million products of the illegal wildlife trade, from tigers and bears to bald eagles.

Video

Is Wine Healthy?

James Hamblin prepares to impress his date with knowledge about the health benefits of wine.

Video

The World's Largest Balloon Festival

Nine days, more than 700 balloons, and a whole lot of hot air

Writers

Up
Down

More in Politics

Just In