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US Economy Remains1 Focus of Presidential Race
It is the central political issue of 2012: the U.S. economy, which suffered the worst recession of the post-World War II era in 2007 and 2008, and has endured an anemic recovery since. But the economic landscape may be changing. U.S. unemployment has fallen for four consecutive2 months, down from 9 percent in September to 8.3 percent in January.
While Wall Street rallied Friday on the latest jobs report, President Obama highlighted the good news. “In January, American businesses added another 257,000 jobs. The unemployment rate came down, because more people found work. And altogether, we have added 3.7-million jobs over the last 23 months," he said.
The response from Republicans vying3 to challenge the president in the November election? Too little too late to alter what they see as Mr. Obama’s failed economic stewardship4. Addressing supporters after his caucus5 victory Saturday in Nevada, former Massachusetts governor Mitt6 Romney pointed7 out the Obama administration initially8 aimed to keep the unemployment rate at 8 percent or less.
“This week he has been trying to take a bow for 8.3-percent unemployment. Not so fast, Mr. President. This is the 36th straight month with unemployment above the red line your own administration drew," he said.
Former House Speaker Newt Gingrich had a similar line of attack on NBC’s "Meet The Press" program. “Unemployment has dropped. Well, it has dropped. You know why? Because over 4 percent of the people who would be unemployed9 have quit looking for work. If we had the same participation10 rate we had a couple years ago, we would be at 12- or 13-percent unemployment," he said.
For President Obama, a fine line to walk: trumpeting11 good news while acknowledging the need for further improvement. “There are still far too many Americans who need a job or need a job that pays better than the one they have now. But the economy is growing stronger. The recovery is speeding up. And we have got to do everything in our power to keep it going," he said.
Polling firms report modest improvements in President Obama’s approval ratings that coincide with recent positive economic data.
1 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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2 consecutive | |
adj.连续的,联贯的,始终一贯的 | |
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3 vying | |
adj.竞争的;比赛的 | |
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4 stewardship | |
n. n. 管理工作;管事人的职位及职责 | |
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5 caucus | |
n.秘密会议;干部会议;v.(参加)干部开会议 | |
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6 mitt | |
n.棒球手套,拳击手套,无指手套;vt.铐住,握手 | |
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7 pointed | |
adj.尖的,直截了当的 | |
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8 initially | |
adv.最初,开始 | |
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9 unemployed | |
adj.失业的,没有工作的;未动用的,闲置的 | |
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10 participation | |
n.参与,参加,分享 | |
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11 trumpeting | |
大声说出或宣告(trumpet的现在分词形式) | |
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