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Jobs report weakens Obama's election argument The suddenly dismal news on American jobs is a blow to President Barack Obama's re-election argument that he has been a steward of recovery. It's heightened White House anxiety over global threats to U.S. economic growth — and the president's political prospects, too.The economy, Obama conceded Friday, "is not growing as fast as we want it to."Taking a harsher tone, presumed Republican rival
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