The Golden Report

4 DAYS UNTIL NEW HAMPSHIRE (12 delegates)
15 DAYS UNTIL SOUTH CAROLINA (25 delegates)
18 DAYS UNTIL THE STATE OF THE UNION ADDRESS
25 DAYS UNTIL FLORIDA (50 delegates)

FRIDAY’S EARLY EDITION

TOP STORY: The Labor Department reported this morning that the US economy gained 200,000 jobs last month, which dropped the unemployment rate to 8.5%.

It is the lowest level of unemployment since February 2009, the month that President Obama took office. It is also the sixth consecutive month of private sector job growth.

Still, 5.6 million Americans have been out of work for six months or longer, chronically unemployed and the unemployment rate does not reflect the millions of Americans who are no longer counted as part of the labor pool because they have dropped out and stopped looking for work.

PRESIDENT OBAMA, for whom the economy holds the key to re-election, trumpeted today’s news as he took a political victory lap of sorts at the Consumer Financial Protection Bureau in Washington, where he visited the newly appointed Commissioner, Richard Cordray. 

“This morning we learned that American businesses added another 212,000 jobs last month. All together more private-sector jobs were created in 2011 than any year since 2005,” he said.

“There are a lot of people that are still hurting out there, after losing more than 8 million jobs in the recession. Obviously, we have a lot more work to do. But it is important for the American people to recognize we added 3.2 million new private-sector jobs in the last 22 months, nearly 2 million new jobs last year alone….

“One of reasons is the tax cut we put in place last year.When Congress returns, they should extend the payroll tax cut all year. There should not be delay, there should not be a lot of drama.”

COMING ATTRACTION: The debate over extending the payroll tax cut through the end of the year will resume when Congress returns to town at the end of the month. Some believe that it is the only significant piece of legislation that Congress may move this year.

WALL STREET: for all the seemingly good economic news this week, the Dow managed to end the day slightly lower.

• DOW down 56
• NASDAQ down 3
• S&P 500 up 4

CAMPAIGN 2012

Just four days to go before New Hampshire votes and the politics of debate-prep and expectations setting drove the day today

ANOTHER SERIAL HYPOCRITE- and the latest in a theme of Ron Paul’s attack ads against fellow Republicans in the race. Today, the Paul campaign announced a $250,000 ad buy in South Carolina- home to Saturday January 21st primary- attacking Rick Santorum and calling his a “record of betrayal”  

WASHINGTON POST HEADLINE TONIGHT AND THE SUNDAY SHOWS THIS WEEKEND- Romney Looking To Wrap Things Up By End of Month- from Philip Rucker in Tilton, NH

“Buoyed by a narrow win in the Iowa caucuses and his commanding lead in the New Hampshire polls, Romney has turned his attention to South Carolina, where he is dispatching a slew of high-profile surrogates and relocating his staff ahead of the Jan. 21 primary. Looking further ahead, Romney has begun a massive advertising blitz in Florida and launched an aggressive outreach program to early voters in the state.

Romney campaign advisers insist they are taking the race one state at a time and not taking any contest for granted. Yet Republican observers see Romney executing an ambitious strategy that would quickly maximize his momentum and try to quash any further surges by his rivals.

“If Romney wins the first four states, he’ll be the de facto nominee of the party,” said Steve Schmidt, a senior strategist on Sen. John McCain’s 2008 campaign who is unaffiliated in the current race. Ed Rogers, another unaffiliated Republican strategist, said the notion that Romney may wrap up the nomination by Jan. 31 is “perfectly plausible.”

NEW POLLS OUT TODAY PROVIDE A SNAPSHOT OF THE RACE

ROMNEY UP BY 24 IN WMUR NH PRIMARY POLL: Romney 44%, Paul 20%, Santorum 8%, Gingrich 8%, HUNTSMAN 7%, Perry 1%

AND BY THE SAME MARGIN IN RASMUSSEN’S NH SURVEY: Romney 42%, Paul 18%, Santorum 13%, Huntsman 12%, Gingrich 8%, Perry 1%

IN SOUTH CAROLINA, CNN HAS HIM LEADING SANTORUM BY 18: Romney 37%, Santorum 19%, Gingrich 18%, Paul 12%, Perry 5%, Huntsman 1%

BUT RASMUSSEN SAYS ITS CLOSER, WITH ROMNEY ONLY LEADING BY 3: Romney 27%,Santorum 24%, Gingrich 18% , Paul 11%, Perry 5%, Huntsman 2%

DRIVING THE POLITICAL WORLD- The New York Times’ Jodi Kantor is out with a new book- which paints an unflattering view of the Obama Administration, with sources deep inside The West Wing. President and Mrs. Obama were not interviewed for the book.

WHAT WE’RE LEARNING- Former Chief of Staff Rahm Emanuel offered his resignation to the President in the winter of 2010 at the end of the divisive health care debate. Kantor also exposes a rife between Emanual and First Lady Michelle Obama. From the Huffington Post’s White House Correspondent Sam Stein, reporting on the book:

“Once the administration began, the frictions only escalated. Emanuel rejected Michelle Obama’s efforts to be part of his 7:30 a.m. staff meeting. The administration did not outfit her with a speechwriter for some time. And the first lady’s office grew so isolated from the rest of the presidential orbit that aides there began, as Kantor writes, “referring to the East Wing as ‘Guam’ — pleasant but powerless.”

“Michelle and Rahm Emanuel had almost no bond; their relationship was distant and awkward from the beginning. She had been skeptical of him when he was selected, and now he returned the favor; he was uneasy about first ladies in general, several aides close to him said, based on clashes with Hillary Clinton in the 1990s that became so severe that she had tried to fire him from her husband’s administration,” writes Kantor. “Now Emanuel was chief of staff, a position that almost never included an easy relationship with the first lady. They were the president’s two spouses, in a sense, one public and official and one private and informal.”

AND MORE ABOUT THE FIRST LADY “Michelle Obama, who came to politics skeptically but saw her husband as someone capable of lofty achievements, lashed out against her isolation. She sent emails to [Obama Counselor Valarie] Jarrett when she had complaints about news coverage, which Jarrett would forward to others after removing the first lady’s name from them. When she couldn’t wedge herself into her husband’s schedule, she would send her missives to Alyssa Mastromonaco, the president’s director of scheduling. The emails, Kantor writes, “were so stern that Mastromonaco showed them around to colleagues, unsure of how to respond to her boss’s wife’s displeasure.”

THIS BOOK has the power to drive the White House off its new, revived, 2012 message, if the Administration allows it to do so. Watch to see over the next week how the White House officially responds, and what unofficial message they send as they play damage control.

AND FINALLY…The Bieb’s Got The Ink. NBC Entertainment reports:

“If you ever questioned the Biebs’ religious beliefs, this oughta clear it up for you.

In addition to his dove and Hebrew script of Jesus’ name on his rib cage ( matching with pops…awww), Justin Bieber showed off his new ink on the back of his calf while going to Shakey’s Pizza with his dad and some friends today.

The 17-year-old got a portrait of Jesus Christ’s face. Is it shocking?

To some it may seem that way, but Bieber has never been shy when it comes to religion. His movie, “Never Say Never,” even has some Christian reflection.

“People will walk away (from the movie) knowing faith is very important to him,” Scooter Braun, Bieber’s manager and one of the film’s producers told USA Today. “As a Christian, he’s someone to look up to…When [fans] are getting the real person is when they can connect to that person.”

“I believe that Jesus died on a cross for my sins,” Bieber told Billboard last November. “He’s the reason that I’m here.”