Steve Benen: …. as it turns out, Bush’s approval rating the summer before his re-election bid isn’t much different than President Obama’s current approval rating. Bush had a few months to see his support grow; Obama has a year.
And why did Bush’s support grow from the mid-40s to the low-50s? Chait argued, persuasively, that voters starting seeing the president “within the context of a partisan choice,” and decided they liked him more after taking a look at the wealthy Massachusetts challenger with an awkward personality and who was often accused of flip-flopping.
…. If Republicans were a popular party with a popular agenda, this would be a very different story. Likewise, if Obama were a poor campaigner facing a charismatic GOP frontrunner, I’d a different set of expectations. But I’ve seen a lot of Obama political obituaries, and at this point, none of them have proven persuasive to me.
AP: Fewer people applied for unemployment benefits last week, a hopeful sign that the job market might be picking up.
The Labor Department said Thursday that weekly applications dropped 9,000 to a seasonally adjusted 397,000, the lowest level in five weeks. It’s only the third time since April that applications have fallen below 400,000.
Economists were encouraged by the drop, though they cautioned that the trend would have to persist to signal real improvement.