Now that the massive and unfunded $447 billion “jobs” legislation has failed thanks to bipartisan opposition, Barack Obama has kicked-off a taxpayer-funded bus tour through swing states to pressure Republicans to accept a $35 billion local government bailout.

Obama will take that message to two high schools, a community college, a firehouse, a small airport, a YMCA and an Air Force base in the two Southern states he won in 2008 — North Carolina by the narrowest of margins, Virginia more handily.

He’ll even stop by Fredericksburg, Va., on Wednesday, next door to the House district of Republican Majority Leader Eric Cantor, who has become the Democrats’ chosen poster boy for obstructionism. Again, Earnest denies any political intentions.

‘There’s no specific reason to target Congressman Cantor, other than to ask him to join with Democrats and Republicans to pass the American Jobs Act,” Earnest said.

Of course, the legislation does little-to-nothing to help the private sector. It’s a bailout for local governments and a boon to public employees unions, which Obama is counting upon to get out the vote next November. But as for real job creation? None in sight.

So this is how Obama plans to fund his reelection campaign. Save the private donations for television and radio advertisements and then use taxpayer money to fund his campaign stops and political rallies. A move sure to make his pals back in the Chicago political machine proud.