Obama Enters 2012 Race on Good Jobs News
07 April 2011
President Obama speaking late Thursday about budget negotiations. This week he also launched his presidential campaign for 2012.
This is the VOA Special English Economics Report.
Most of the news in Washington this week was about the budget talks to prevent a shutdown of many government services at midnight Friday. But this week, President Obama also announced his plans to seek re-election in November of next year.
In an e-mail to supporters, Mr. Obama said "the race may not reach full speed for a year or more." But he said the work of building the campaign "must start today."
Some of that work will depend on how many jobs are created in the months ahead. Mr. Obama welcomed last Friday's report that the United States economy added two hundred sixteen thousand jobs in March. The unemployment rate dropped one-tenth of one percent for the second straight month.
The Labor Department says unemployment is now 8.8 percent, the lowest in two years. And some economists say this spring may be the start of better news to come. Consumer spending has increased eight months in a row.
Stephen Hess is a political scientist who studies the presidency at the Brookings Institution in Washington.
STEPHEN HESS: "The next election will, more than anything else, depend on employment in the United States."
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