Obama taps Bloomberg for views on economy during holiday golf

EDGARTOWN, Mass., Aug 27 (BestGrowthStock) – President Barack
Obama, anxious to show he is still focused on the battered U.S.
economy despite being on vacation, took time out of his golf
game on Friday to chat about the growth situation with New York
Mayor Michael Bloomberg before they hit the course.

The White House said the president spent about 15 minutes
talking with Bloomberg about the economy. Data earlier on
Friday showed the U.S. economy had grown at a slower pace than
initially thought in the second quarter, increasing concerns
for the strength of the country’s recovery.

“The president and Mayor Bloomberg took the opportunity to
discuss plans for short- and long-term economic growth at a
pivotal point in our recovery,” said Reid Cherlin, a White
House spokesman. He said Obama invited Bloomberg a week ago.

Obama is vacationing with the first family on the upscale
island of Martha’s Vineyard off the coast of Massachusetts but
the White House has said he still receives daily briefings on
both the economy and national security.

Obama’s approval rating has slipped as doubts about the
outlook for the economy have grown with unemployment stuck near
10 percent despite massive government spending to boost job
creation.

Economists say a spate of soft economic indicators has
increased the risk that the United States could suffer a
double-dip recession, although a downward revision to second
quarter growth to a 1.6 percent annual pace, announced earlier
on Friday, was slightly better than expected.

Polls show voters anxious about jobs and growth, meaning
potentially painful losses could be in store for Obama’s
Democrats in congressional midterm elections on Nov. 2. All 435
seats in the U.S. House of Representatives and 37 of the 100
Senate seats are up for grabs in those elections.

Obama has managed to play golf every day the weather has
allowed during the 10-day vacation.

(Reporting by Alister Bull, editing by Bill Trott)

Obama taps Bloomberg for views on economy during holiday golf