[TheMercenary]

Unemployment challenges Obama's economic narrative

WASHINGTON – Even as he touts his efforts to put more Americans to work, President Barack Obama faces a public increasingly skeptical of his ability to bring jobs back to Main Street.

During stops in Iowa, Illinois and Missouri, Obama will try to convince voters that his economic policies are working, despite an unemployment rate that's expected to remain at painfully high levels for months if not years.

Those voters - many of them crucial independents - will be key to Obama's re-election prospects in 2012. And his fellow Democrats, facing a tough political climate in the November, need their support even sooner.

"The bottom line is that the Democrats are almost certain to be campaigning in economic circumstances that will not be politically favorable," said William Galston, a former domestic policy aide in Bill Clinton's White House and now a senior fellow at the Brookings Institution.

The latest economic forecasts do show signs of progress: The nation added jobs at the fastest pace in three years last month; the manufacturing industry is growing at a steady pace; and new claims for jobless benefits have declined.

But the unemployment rate - it may be the most recognizable economic indicator - has held steady at 9.7 percent for the past three months, and 15 million Americans remain out of work. By the White House's own estimates, as well as those of many independent economists, that rate isn't expected to fluctuate more than a few tenths of a percent through the end of 2010.

http://news.yahoo.com/s/ap/20100427/...re_us/us_obama