Fratto on CNBC: The Jobs Clock is Ticking
On the June jobs numbers:
“We always knew the level was going to be difficult for the President. We knew unemployment was going to be somewhat high and growth wasn’t going to be terrific. What they banked on was being able to tell a good story that things were getting better. That’s becoming a much tougher story to tell today. He needs a string of them to show good momentum. He’s had four bad ones.”
On what President Obama can do to get business hiring more:
“If he came forward with a dramatic — it’s up for grabs for both candidates, a dramatic tax reform plan that was pro growth, cleaned up the tax code and talked about tax policy in a permanent way… The problem is we are always talking about it in terms of six, eight, 12 months.”
On regulatory policy:
“What the president is proposing sounds like what he proposed in 2009. It did not work as well as it should have. that’s a very difficult message to sell in a weak economy.”