President Bush’s presidency functionally came to an end in 2005 in the aftermath of Hurricane Katrina. If President Obama isn’t careful, his presidency will suffer a similar fate.
Google the term “Obama’s Katrina,” it's immediately seen that pundits on both the Right and Left (but mostly the Right) have been eager to identify a moment that Obama’s administration fell apart pretty much since he took office.
The BP Gulf oil spill, the Benghazi attacks, Hurricane Sandy, the IRSTea Party targeting, even the rash of sexual assaults in the U.S. military have all been identified by prominent media figures as “Obama’s Katrina.”
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And Obama’s approval rating did take some big hits during some of those crises. When the Deepwater Horizon oil rig first exploded, 50 percent of Americans approved of Obama’s job as president, according to Gallup. By July 15, when the well was finally capped, Obama’s job approval was underwater at 44 percent approval and 48 percent disapproval.
WASHINGTON – A fourth straight month of solid hiring in November could give the U.S. economy a jolt and signal that the job market may finally be gathering momentum.
Economists are forecasting that employers added 180,000 jobs last month, according to a survey by FactSet. That would follow October's robust gain of 204,000. And it would keep the average monthly gain for the past four months at around 200,000.
The unemployment rate is expected to fall back to 7.2 percent from 7.3 percent.