Okay, Jerry White (WSWS) explains:
President Obama makes an appearance today at a Chrysler plant in Toledo, Ohio where he will tout the resurgence of the US auto industry. Two years after his administration oversaw the restructuring of Chrysler and General Motors, the president will proclaim that the auto companies are profitable and hiring again and that the industry is leading a rebound of American manufacturing.
The president’s handlers, no doubt, intend to make this theme a key part of his re-election campaign, since many Republicans opposed the industry bailout. The rosy picture, however, conceals the reality facing auto workers and more generally the American working class as whole. Chronically high levels of unemployment remain, hourly wages have fallen below levels reached in the depth of the recession and housing prices have seen their biggest drop since the Great Depression.
After several quarters of modest growth, the manufacturing sector contracted sharply last month. Following the handout of trillions of dollars to the banks, economists are increasingly warning of the possibility of a double-dip recession, which would have devastating consequences for workers and their families.On the dreadful economy, POLITICO notes, " The president has been unable to curb the nation’s nine percent unemployment rate, so he will be forced to put the best possible face on a sputtering recovery."
Yes, he will. And how lucky for him that the press is prepared to do that as well.
The same way they've always whored for him.
Here's C.I.'s "Iraq snapshot:"