White House Predicts Slow Job Growth

From NPR:

The President's Council of Economic Advisers expects the U.S. to add an average of 95,000 jobs each month this year. In the annual Economic Report of the President, the CEA predicted that unemployment would remain at 10 percent in 2010, dipping down to 9.2 percent in 2011.

Political implication: Bad news for incumbents, mainly Democrats.

Thought: If Democrats were governing in a manner designed to improve their chances of winning reelection they would try to immediately propose an aggressive jobs bill in both houses of Congress, make the case for it clearly, and dare Republicans to stand up for unemployment. Katie Connolly thinks that's what they should do. Maybe Harry Reid reads the Gaggle, because he squashed the unimpressive─but bipartisan─Senate Finance Committee bill Thursday. Reid has replaced it with a simplified proposal that drops both Democratic priorities such as COBRA extension, which are not designed to create jobs per se, and Republican ones, such as corporate tax breaks.

Reid appears willing to sacrifice GOP support on the assumption that Republicans won't, in the end, filibuster the jobs bill. He also must be confident that the Democrats will be able to pass COBRA and unemployment benefits extensions before they expire in a few weeks. You would think that with an 18-vote advantage the Democrats could take this sort of thing for granted, but I'm surprised. Reid, who faces a tough reelection fight in his home state seems increasingly willing to risk his own political neck to run the Senate as effectively as he can.

White House Predicts Slow Job Growth | News