Cloudy economy rains on Barack Obama’s parade

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(From Politico)

The disappointing March jobs report, which also showed the size of the labor force shrinking by 96,000, suggests that Obama’s fears of a stalling economy may already be coming true. And that’s an issue not just for a lame duck incumbent looking to juice weak approval numbers. It could also seriously complicate matters for Obama’s would-be successor, Hillary Clinton, who could wind up squaring off against a GOP opponent promising — fairly or not —an end to the desultory growth rates of the Obama years…

…“The economy right now is very much at risk,” said Lindsey Piegza, chief economist at investment firm Sterne Agee. “We are in a soft patch unquestionably. The question is how much of a soft patch. We are slowly losing momentum, and I don’t think the rest of the year is going be anything to write home about.”

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