The new Labor Department reports that only 54,000 jobs were created last month, far below the 165,000 economists had expected. While it is the 15th consecutive month of job growth, it is also the lowest number in eight months. The anemic number indicates that the economic recovery is faltering. The economy needs to add roughly 200,000 jobs a month to keep up with population growth.
Obama will tour a Chrysler assembly plant in Ohio today, where he will highlight the fact the company has rebounded since his administration authorized a government-funded bailout. “The president also will have some good news to deliver for taxpayers”: Fiat will buy the government’s remaining 6 percent stake in Chrysler for $500 million.
The fifth largest U.S. bank, Goldman Sachs, was indicted yesterday by the Manhattan District Attorney’s office for information about it’s role in the credit crisis that nearly brought down the global economy. Goldman Sachs is suspected of misleading buyers of mortgage-linked investments.
Former Democratic presidential candidate John Edwards is expected to be indicted later today. The criminal charges will involve money that was funneled to Edwards’ mistress from his campaign account. “There have been plea discussions ongoing between Edwards’ defense lawyers and federal prosecutors, but no agreement has been reached.”
Rep. Norm Dicks (D-WA), once a strong supporter of the Afghan war, is now saying that the United States must accelerate its withdrawal. Dicks warned that the Congress is facing “war fatigue.”
Senate Minority Leader Mitch McConnell (R-KY) said that it’s “silly talk” and “nonsense” that Medicare cuts should be off the table in talks over deficit reduction. “Medicare will be part of any agreement to begin to reduce our long-term debt,” said McConnell.
Potential GOP presidential candidate Rep. Michele Bachmann (R-MN) “took a direct swipe” at confirmed candidate Tim Pawlenty for “expressing openness to an individual health insurance mandate as Minnesota governor” in 2006. Bachmann told conservative talk show host Laura Ingraham that this alone “will concern voters.”
Civil liberties groups are suing to block a recently passed Georgia law that cracks down on illegal immigration. The groups say the measure, which is similar to Arizona’s notorious SB 1070, violates federal and state law and have asked a judge to intervene to stop it.
And finally: Rep. Anthony Weiner (D-NY) isn’t the only lawmaker facing Twitter hacking woes. Yesterday, a hacker breached Ohio House Speaker William Batchelder’s (R) Twitter account and tweeted support for liberal causes. A bewildered Batchelder told reporters he didn’t even know he had an account, “Why do I have a device like that? I can’t play it,” he said, adding he would no longer do any more of “this twittering.”