Wow, that can’t be good news for Obama...
Who wants to put a number on when the media congratulate Obama for turning the tide on unemployment. My bet is by 8.5% he will be getting endless stories about the resounding hiring boom.
Maybe I think it keeps democrats in power in 2012. The GOP ain't coming back until the jobs do.
No, Obama was always doomed be a one-termer. The economy will still be bad come election time, and that is enough to doom him and the Dems. The incumbent president’s party always takes the hit for a down economy. The Republicans could have run Ronald Reagan again and they still would have lost the election.
Fortunately for us, Obama is doing everything he can to be thrown out of office by over-reaching to rush us toward socialism in the brazen manner he is. They are going for all the chips and the backlash will be stout in 2012. 2010 will be bad enough. The bad economy will see to that. It is just a matter of how many seats the Republicans pick up.
All of this was baked into the cake when the economy began to collapse on the back of deleveraging debt and the liquidity crisis. The players don’t really matter.
Sure it’s good news for 0. By 2014 more people will be dependent on governmint hand-outs.