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Obama braces for June jobs report

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    How is campaign preparing for economic assessment?

  • Duration 2:30
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The day before the Independence Day holiday the presidential campaign is about collars patriotic red white and blue of course and green as in money.

Our chief White House correspondent Ed Henry explains.

Obama is launching a new campaign bus tour through the battlegrounds of Ohio and Pennsylvania at the end of the week.

As the White House braces for Friday's monthly jobs report from June.

That will help shape the fall campaign amid signs -- European debt crisis keeps slowing any rebound here.

The US economic recovery is.

Tactic it his recovery nonetheless we are in positive territory but it distracted while International Monetary Fund chief Christine Lagarde said she sees encouraging -- from the construction sector.

The tea leaves are terrible for manufacturing.

With the US factory sector shrinking for the first time in three years.

Production and exports decline while the number of new orders plunged according to a report Monday by the institute for supply management.

Nobody wants to use the dreaded term double dip recession but we're getting very close to that as we look at some of these new numbers that have.

Dribbled out on consumer confidence.

I'm not manufacturing slowing down.

The Obama camp -- staying on offense with yet another TV ads hammering governor Romney about seeing capital Mitt Romney's companies -- pioneers in outsourcing US jobs to low wage countries.

He supports tax breaks for companies that ship jobs overseas.

President Obama -- -- -- in sourcing.

The Romney campaign responded.

As job growth slows manufacturing activity stalls at our economy continues to sputter.

President Obama knows he can't make a legitimate argument for another term in office so instead he is trying -- -- down his opponent.

And just in time for July 4.

They're unpatriotic.

The Republican National Committee has a web video reminding voters that in 2008.

Candidate Obama said nine trillion dollars of debt was too much.

White House officials note the president inherited unpaid wars tax cuts and new entitlements like the Medicare prescription drug benefit despite all that.

He still promised to cut the deficit in half by the end of his first term.

And it's not going to happen John.

Ed Henry tonight and thanks vice.

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