Translated: Democrats are going to get whupped.
BUSINESS BEAT: From Dan Indiviglio:
Tomorrow afternoon Christina Romer, the
Chair of the President's Council of Economic Advisors, will testify
before the Joint Economic Committee to provide her latest outlook. Included
should be some performance statistics on how the stimulus bill is doing at creating
jobs. Prepare for some creative math! The retail sales numbers and manufacturer
inventories, according to the Commerce Department, will be released in the a.m.
Expect June's retail sales to look decent, but not spectacular.
The Chamber of Commerce will be holding
its Jobs for America:
Summit 2010 tomorrow afternoon. The event intends to bring together thought
leaders and decision makers to outline policies needed to create jobs and
accelerate economic growth.
The AFL-CIO will be pushing back that, given the track record over the past
few months of Wall Street, Massey Mines, BP, etc., it's pretty clearly a "boy crying wolf" argument. Also, labor will point out the irony that they are having a "jobs"
conference and not a single panelist or participant is someone who
actually works, is looking for a job, has lost their unemployment
-- Just how many times has President Obama mentioned Israel in his speeches? The lovely Steve Clemons finds out.
-- What Republicans are going to be talking about tomorrow, in the words of the Family Research Council: ".... the discovery made by the National Right to Life Committee that the Obama
Administration has given federal approval to send Pennsylvania $160
million in taxpayer funds which will directly fund abortions through
President Obama's recently enacted health care law." The news item has already prompted an outrage blast from House Minority Leader John Boehner.
-- What Democrats are going to be talking about tomorrow, in the words of Think Progress: "Cantor Says Federal Spending Doesn't 'Create Jobs' -- At Job Fair With Companies Funded By The Stimulus"
-- A CBS News poll finds that Americans want President Obama to focus more attention on the economy.
-- I'm going to try to stay away from polls until two weeks after Labor Day, but this one I couldn't resist: AP/Ipsos shows Democrat Alex Sink (sic) leading Republican gubernatorial candidate Bill McCollum in Florida but not his primary opponent, Rick Scott. Charlie Crist still leads a three-way race for Senate.