You're watching...
President Digesting Tough New Economic Numbers
Details
-
Description
Ed Henry reports from the White House
- Duration 2:51
- Date Aug 3, 2011
Advertisement
Clips
Also in this playlist...
Editor's Picks
Auto-advance: ON
Auto-advance-
Sen. Marco Rubio outlines future of immigration reform
-
Buchanan: IRS is a 'rogue agency'
-
Massive fire breaks out at fuel-depot in Brazil
-
Holder's changing tune on involvement in journalist scrutiny
-
'The Five's advice for newly minted college grads
-
Cavuto: We're in a global war on terror
-
New information about the London terror suspects
-
Travis Alexander's friend: Family wants Arias on death row
-
The new face of US drone policy
-
Investigation into death of US engineer in Singapore a sham?
-
Former President Bush hosts wounded warrior bike ride
-
New developments in Maxim model murder trial
Transcript
This transcript is automatically generated
Beta is behind him for the time being it does not mean.
Other problems for President Obama are in any way diminished -- White House correspondent Ed Henry has that story tonight good evening it.
Good evening -- -- -- even as the president today went to a celebrity chefs burger joint here in Washington.
To celebrate the end of this round of the budget battle.
President said even the threat of a default had been a huge drag on the economy in an economy that is now putting his reelection in major jeopardy.
After calling himself a very simple -- the president ordered his cheeseburger well done with these John mustard in fried onions.
As -- treated advisors to a lunch celebrating the passage of the -- deal.
On his way out some in the crowd yelled out happy birthday one day shy of the president's fifty.
But back at the White House the president was digesting terrible.
Economic numbers that continue to pile up.
The American people.
Have been continuing to worry about the underlying state of the economy.
About jobs about their -- about reduced hours.
Your customers Wednesday payroll processor ADP reported private sector layoffs up 60%.
A sixteen month high.
Tuesday it was consumer spending falling point 2%.
The biggest monthly decline in nearly two years on top of the recent report of weaker than expected economic growth in the second quarter.
And Wall Street bracing for what could again be dismal unemployment numbers this Friday we do not believe that there is threat there of a double dip recession.
There's no question it.
Big growth has slowed over the past two quarters there's no question that job creation has slowed.
The president today blamed that slowdown on the tsunami in Japan the debt crisis in Europe and the Arab spring spiking energy prices.
But a top democratic strategists is warning that without some concrete action here at home the president is facing grave political danger next year.
Nothing they've done is.
Has worked in terms of people at home feeling like the economy's getting better in there and their job situations getting better and that's not gonna be good going in November less that turns around very quickly.
Now aides say the president will -- bus tour through the midwest later this month to -- reconnect with voters in economically distressed state.
But tonight this hour he's on his way home to Chicago for a couple of big fundraisers tickets ranging up to 35000.
Dollars a couple for VIP access to a big dinner with the president connected to his birthday.
As well as a concert with Jennifer Hudson another big star so there's no question he's gonna have.
Big money great money in this campaign the question is whether -- have a great story to tell about the economy for a and and a lot in the north lawn -- thank you.
