The Note's Must-Reads for Monday, June 4, 2012 Compiled by ABC News" Jayce Henderson and Amanda VanAllen PRESIDENT OBAMA: The Hills" Kevin Bogardus: "Obama adviser Axelrod: Romney not "qualified to call himself a job-creator"" David Axelrod, a senior adviser to President Obama's reelection campaign, said Sunday that presumptive Republican presidential nominee Mitt Romney does not have a record of a "job-creator." Speaking on CBS's Face the Nation, Axelrod said the former Massachusetts governor shouldn't be considered an expert on the economy. The NEW York Daily News" Alison Gendar: "Mitt Romney adviser Glenn Hubbard takes tax ideas from President Obama's playbook" AN ECONOMIC adviser to Mitt Romney channeled an unlikely source Sunday - President Obama. Glenn Hubbard told CNN's Fareed Zakaria that Romney wants to reduce marginal tax rates and to pay for the resulting cuts by broadening the tax base. He said "the bulk of the adjustment [must] be borne by upper-income households." USA Today's David Jackson: "Obama likely to face record re-election jobless rate" One fallout from Friday's poor jobs report: President Obama will almost surely have to win re-election with a record high unemployment rate for modern incumbents. No president since the Great Depression has won re-election with a jobless rate higher than 7.4%, and the latest Labor Department report says the current rate has now ticked up to 8.2% LINK The Wall Street Journal's Laura Meckler and Carol E. Lee: "Obama Seeks Way Out of Jobs Gloom" Trying to limit damage from a weak jobs report, the White House is pressing for bigger action from Congress and searching for ways to prod Europe to do more to pump up global economic activity. But President Barack Obama has limited options to stimulate the economy because of resistance from both European leaders and congressional Republicans. MITT ROMNEY: ABC News" George Stephanopoulos: "Paul Krugman: Paul Ryan Budget That Romney Supports Is a "Fraud"" This morning on "This Week," New York Times columnist Paul Krugman called Rep. Paul Ryan's proposed budget plan a "fraud" as Romney campaign senior adviser Eric Fehrnstrom confirmed his candidate's support for the plan that would trim trillions in federal spending over the next decade. The New York Times" Michael Shear & Ashley Parker: "With Boos and Solyndra, Romney Plays Offense" At Mitt Romney's Boston headquarters, there was pure glee. Word had just leaked that David Axelrod, the chief strategist for President Obama's campaign, would arrive the next morning to attack Mr. Romney on the steps of the State House, a half-mile away. The Washington Post's Dan Eggen: "Romney picks Mike Leavitt to head transition team" Republican presidential candidate Mitt Romney has tapped an official from the George W. Bush administration to lead transition-planning efforts in the event that President Obama is denied reelection in November. The Boston Globe's Matt Viser: "Utah is Mitt Romney's key to Western contests" While Utah may be the safest state on Mitt Romney's electoral map, its population and location are turning it into a vital piece of real estate for Romney's political strategy. Continuous and fervent enthusiasm for Romney among Utahns - 60 percent of whom share Romney's Mormon faith - have made it perhaps the most promising source of volunteer labor in the country, which the campaign hopes to use as a staging ground to shuttle workers into competitive neighbors like Nevada and Colorado. 2012 ELECTION / CONGRESS: The Washington Times" Seth McLaughlin: "In Walker recall, road to White House runs through Wisconsin" National Republicans think that if Wisconsin Gov. Scott Walker survives his recall election Tuesday, it will be much harder for Mr. Obama to keep the state in the Democratic column in the November election. Politico's Manu Raju: "Congress sets its sights on conventions" They railed against government bureaucrats for throwing a lavish conference, and now members of Congress are grappling with their own election year extravaganzas: The Republican and Democratic national conventions. BOOKMARKS: The Note: LINK The Must-Reads Online: LINK Top Line Webcast (12noon EST M-F): LINK ABC News Politics: LINK The Political Punch (Jake Tapper): LINK George's Bottom Line (George Stephanopoulos): LINK Follow ABC News on Twitter: LINK ABC News Mobile: LINK ABC News app on your iPhone/iPod Touch/iPad: LINK