Experts: Mitt Romney must maintain ‘energy’ to win

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By Hillary Chabot | The Boston Herald | October 5, 2012

Mitt Romney must stay on the attack and maintain his want-it-more hustle for the presidency if he wants to translate Wednesday night’s stunning debate performance into a game-changing swing-state boost and a groundswell of momentum that could sweep him into the Oval Office, said political strategists and observers.

“He’s got to remain visible and show a lot of energy,” said Tom Rath, one of Romney’s New Hampshire strategists. “Every candidate sooner or later must demonstrate that they could step in as president, and for the large part Romney passed that test.”

Romney, who hammered President Obama on sluggish job growth and the economy during their first faceoff, could have a chance to step up his attacks today as a new jobs report comes out. The unemployment rate has hovered at a dismal 8.1 percent. Read More

Bad U.S. jobs report could give another boost to Mitt Romney

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By Frank Quaratiello | The Boston Herald | October 5, 2012

Today’s jobs report could help GOP nominee Mitt Romney land another campaign blow after his strong debate performance against President Obama.

The Department of Labor releases the U.S. unemployment rate and how many jobs were created in September — the penultimate reading on the jobs picture before Election Day.

Currently, the unemployment rate stands at a dismal 8.1 percent — higher than it has ever been for a president’s re-election since the Great Depression. The economy added 96,000 jobs in August, compared to 141,000 jobs in July. Read More

Poor numbers likely to spur Fed action

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By Frank Quaratiello and Ira Kantor | The Boston Herald | September 8, 2012

The weak August jobs report will likely force the Federal Reserve to launch a third round of “quantitative easing,” basically creating new money to prop up the economy, even if the central bank doesn’t explicitly tip its hand at next week’s meeting.

The country’s unemployment rate dropped to 8.1 percent, but only 96,000 new jobs were added last month, 45,000 fewer than in July. The jobless rate declined mainly because 368,000 Americans gave up looking for work.

“If last night was the party, this morning is the hangover. For every net new job created, nearly four Americans gave up looking for work entirely,” GOP presidential nominee Mitt Romney said, contrasting the jobs report to this week’s festive Democratic National Convention.

Economists said the lackluster numbers will make November’s election a tighter race, even after positive news from Europe sent the financial markets soaring Thursday. Read More

Today’s stocks surge not enough, Obama needs good jobs report

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By Ira Kantor | The Boston Herald | September 6, 2012

Soaring financial markets may bode well for President Obama’s confidence as he accepts his party’s presidential nomination tonight in North Carolina, but it will only take a poor jobs report for August to immediately pull the rug out of any economic momentum the commander in chief is feeling, economists said today.

The Standard & Poor’s 500 index hit its highest level since January 2008 today, while the Dow Jones Industrial Average and Nasdaq also saw surges after European Central Bank President Mario Draghi unveiled a new program to save the euro through the purchase of government bonds from struggling countries — a program that has no set limit on how much can be bought.

European markets also spiked in the wake of the ECB’s program announcement.

Yet Northeastern University economist Alan Clayton-Matthews said the ECB’s news would not have an impact on Europe’s real economy for “at least a couple of quarters,” making it too late to affect the U.S. economy in terms of job growth. Read More

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