I agree completely. But I also believe that 8% is NOT a magic number. People don't sit out there in voter land and say "Great, the number is now 7.99999%, so now I will vote for Obama." Instead, people look at their friends, neighbors, family members, and say "Oh, oh, we're in trouble". They will see that regardless of whatever contrived number the Obama administration manages to publish.
If you can stomach it, watch ABC,CBS and NBC nightly news tonight lol. They will spin this as great. However, nobody watches those shows anymore.