11:45: The President departs the White House
1:20: Delivers remarks at a campaign event (Private Residence, Owings Mills, Maryland)
2:35: Attends a campaign event (Hyatt Regency, Baltimore, Maryland)
3:45: Delivers remarks at a campaign event (Hyatt Regency, Baltimore – Live Coverage)
4:45: Departs Baltimore
5:20: Arrives Philadelphia
6:10: Attends a campaign event (Franklin Institute, Philadelphia)
7:45: Delivers remarks at a campaign event (Franklin Institute – Live coverage)
9:05: Delivers remarks at a campaign event (Franklin Institute)
10:20: Departs Philadelphia
11:20: Arrives at the White House
Washington Post: “Today, government at all levels consumes 37 percent of the total economy or GDP. If Obamacare is allowed to stand, government will reach half of the American economy.” — Mitt Romney, economic speech, June 7, 2012
This is a startling assertion by the presumptive GOP candidate, which he has made in several forms in recent weeks.
David Corn of Mother Jones first spotted it when Romney made a victory speech in New Hampshire, arguing, “With Obamacare fully installed, government will come to control half the economy, and we will have effectively ceased to be a free enterprise society.” Corn quoted a number of economic experts finding fault with Romney’s reasoning, such as former Ronald Reagan advisor Bruce Bartlett saying “this analysis is so stupid it is hard to know where to begin.”
FactCheck.org then weighed in when Romney had tweaked the language somewhat, but also found it wanting, saying it was “a pure partisan fantasy” and “patently false and misleading.”
With such harsh reviews, one would think that Romney might drop the assertion from his speeches. But now a new iteration has appeared, so we will examine it.
Bloomberg: Employers in the U.S. said they planned to boost hiring in the third quarter, a survey showed.
Manpower Inc. (MAN)’s employment index for the period from July through September climbed to 11 percent, the highest reading in four years, from 10 percent in the second quarter, the Milwaukee, Wisconsin-based, staffing company reported. The measure was at 8 percent a year earlier.
For the first time since 2008, employers held positive outlooks on hiring in consecutive quarters in all four regions of the country and in all industries. The figures may ease concern that the job market is faltering after Labor Department data showed employment rose in May at the slowest pace in a year.
President Barack Obama talks with Betty White in the Oval Office, June 11, 2012. (Official White House Photo by Pete Souza)
Morning everyone 😉 I’m about, oooooh, five days behind on answering emails, but I promise I’ll get around to them asap. Thanks to you all for getting in touch. Things are still a bit bonkers busy on the work front, so I haven’t been able to chat the last few days, but hoping to get back to normal soon-ish.
Can’t wait to hear the President speak today, CNN and CBS have his 3:45 and 7:45 speeches in their live streaming schedules.