Commentary Magazine


Topic: Nicolas Sarakozy

Flotsam and Jetsam

What does French President Nicolas Sarakozy really think of Obama? “Obama has been in power for a year, and he has already lost three special elections. Me, I have won two legislative elections and the EU election. What can one say I’ve lost?” And as relayed by an adviser, Sarko seems to think Obama is “a charmer, a conciliator, but I am not sure that he’s a strong leader.”

Jamie Fly reports that his Israeli cabbie similarly told him: “‘With him, everything is opposite’ of what it should be and scoffed about his Nobel Peace Prize (given that he had done nothing actually to achieve peace).”

On the jobs number: “The U.S. unemployment rate unexpectedly declined in January, but the economy continued to shed jobs and revisions painted a bleaker picture for 2009, casting doubt over the labor market’s strength.The unemployment rate, calculated using a household survey, fell to 9.7% last month from an unrevised 10% in December, the Labor Department said Friday. Economists surveyed by Dow Jones Newswires had forecast the jobless rate would edge higher to 10.1%. Meantime, non-farm payrolls fell by 20,000 compared with a revised 150,000 decline in December.”

Here’s one way of looking at it: “‘Things are getting bad less rapidly,’ said Dean Baker, co-director of the liberal Center for Economic and Policy Research in Washington. ‘We’re sort of hitting bottom, but there is no evidence of a robust turnaround.'”

And when the 1.1 million of “discouraged job seekers” return to the workforce? “Many economists expect the jobless rate to creep higher in the months ahead as workers who had given up looking for a job out of frustration return to the labor force.” Bottom line: 15 million Americans are unemployed.

What’s the matter with Harry? “Harry Reid may soon have one more Republican opponent in Nevada’s race for the U.S. Senate, and his numbers remain in troublesome territory for an incumbent. Reid, like a number of Democratic Senate incumbents, appears to be suffering from voter unhappiness over the national health care plan and the continuing bad state of the economy.”

You can’t say Illinois politics isn’t colorful: “The Democratic candidate Alexi Giannoulias is trailing Republican Mark Kirk in opinion polls ahead of November’s election in which Republicans are aiming to erase Democratic majorities in the U.S. Senate and House of Representatives. . . . Republicans are spotlighting the soured real estate portfolio at the Giannoulias family’s Broadway Bank, including loans to Michael ‘Jaws’ Giorango, a convicted prostitution ring operator. Broadway Bank was recently ordered by government regulators to raise additional capital — after Giannoulias received his share of $70 million in proceeds following his father’s death.”

What a difference a year makes: “There were seven states that Barack Obama won where his approval has slipped below 56%. Three of them are pretty darn predictable — North Carolina, Indiana, and Ohio — all of which saw extremely close races in 2008. Another three of them though are Colorado, New Mexico, and Nevada which Obama won by commanding margins of anywhere from 9-15 points. . . . The seventh state Obama won where he’s under 56% is New Hampshire, which may help to explain why Paul Hodes is having so much trouble.”

Speculation is starting already as to whether Obama will dump Joe Biden in 2012.

It seems as though “activists and liberal Mideast policy groups” don’t like the idea of Rep. Mark Kirk getting to the U.S. Senate, given his pro-Israel voting record.” You can understand that these groups wouldn’t want someone who was the “driving force behind a host of legislative efforts to sanction Iran (he’s the founder of of the Iran Working Group),” a vocal critic of the UN, and an opponent of Chas Freeman.

What does French President Nicolas Sarakozy really think of Obama? “Obama has been in power for a year, and he has already lost three special elections. Me, I have won two legislative elections and the EU election. What can one say I’ve lost?” And as relayed by an adviser, Sarko seems to think Obama is “a charmer, a conciliator, but I am not sure that he’s a strong leader.”

Jamie Fly reports that his Israeli cabbie similarly told him: “‘With him, everything is opposite’ of what it should be and scoffed about his Nobel Peace Prize (given that he had done nothing actually to achieve peace).”

On the jobs number: “The U.S. unemployment rate unexpectedly declined in January, but the economy continued to shed jobs and revisions painted a bleaker picture for 2009, casting doubt over the labor market’s strength.The unemployment rate, calculated using a household survey, fell to 9.7% last month from an unrevised 10% in December, the Labor Department said Friday. Economists surveyed by Dow Jones Newswires had forecast the jobless rate would edge higher to 10.1%. Meantime, non-farm payrolls fell by 20,000 compared with a revised 150,000 decline in December.”

Here’s one way of looking at it: “‘Things are getting bad less rapidly,’ said Dean Baker, co-director of the liberal Center for Economic and Policy Research in Washington. ‘We’re sort of hitting bottom, but there is no evidence of a robust turnaround.'”

And when the 1.1 million of “discouraged job seekers” return to the workforce? “Many economists expect the jobless rate to creep higher in the months ahead as workers who had given up looking for a job out of frustration return to the labor force.” Bottom line: 15 million Americans are unemployed.

What’s the matter with Harry? “Harry Reid may soon have one more Republican opponent in Nevada’s race for the U.S. Senate, and his numbers remain in troublesome territory for an incumbent. Reid, like a number of Democratic Senate incumbents, appears to be suffering from voter unhappiness over the national health care plan and the continuing bad state of the economy.”

You can’t say Illinois politics isn’t colorful: “The Democratic candidate Alexi Giannoulias is trailing Republican Mark Kirk in opinion polls ahead of November’s election in which Republicans are aiming to erase Democratic majorities in the U.S. Senate and House of Representatives. . . . Republicans are spotlighting the soured real estate portfolio at the Giannoulias family’s Broadway Bank, including loans to Michael ‘Jaws’ Giorango, a convicted prostitution ring operator. Broadway Bank was recently ordered by government regulators to raise additional capital — after Giannoulias received his share of $70 million in proceeds following his father’s death.”

What a difference a year makes: “There were seven states that Barack Obama won where his approval has slipped below 56%. Three of them are pretty darn predictable — North Carolina, Indiana, and Ohio — all of which saw extremely close races in 2008. Another three of them though are Colorado, New Mexico, and Nevada which Obama won by commanding margins of anywhere from 9-15 points. . . . The seventh state Obama won where he’s under 56% is New Hampshire, which may help to explain why Paul Hodes is having so much trouble.”

Speculation is starting already as to whether Obama will dump Joe Biden in 2012.

It seems as though “activists and liberal Mideast policy groups” don’t like the idea of Rep. Mark Kirk getting to the U.S. Senate, given his pro-Israel voting record.” You can understand that these groups wouldn’t want someone who was the “driving force behind a host of legislative efforts to sanction Iran (he’s the founder of of the Iran Working Group),” a vocal critic of the UN, and an opponent of Chas Freeman.

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