Analysis: Jobs report is bleak news for Democrats

AP on Yahoo ^ | 10/8/10 | Tom Raum - ap

[NormsRevenge]

WASHINGTON – The die is cast, and it's grim news for the Democrats. There's nothing now that Congress or President Barack Obama can do to before the November midterm elections to jolt the nation's stagnant economy.

Friday's government report — the last major economic news before the midterm elections — showed the nation continued to lose jobs last month, reinforcing the bleak reality that it probably will be years — not months — before employment returns to pre-recession levels below 6 percent.

That tightens the pressure on Democrats ahead of the Nov. 2 elections. And it also casts a dark shadow well into the 2012 election season and beyond.

[NormsRevenge]

.. casts a dark shadow well into the 2012 election season and beyond.

bleak bleak bleak

but but California has a budget, finally.

--

from the fingertips and brain cells of AP(absolutely panicked).

[NormsRevenge]

The jobless level remains high even though Washington has hurled trillions of dollars at the problem. The efforts include an $814 billion stimulus package and the $700 billion financial institution bailout.

[NormsRevenge]

Impeach the Marxists!

[MissesBush]

Is it just me or does this reporter sound suicidal?

[Longbow1969]

Dems are lucky as the market seems to love it. It’s continuing to rally and pushing over 11k. If the market finishes up over 11k it will provide a good news story to counteract this terrible jobs report. Really would be nice if this market rally happened AFTER the November elections.

[AngelesCrestHighway]

The die is cast: Obama is a failure!

[LonePalm]

Alea iacta est

We just have to make sure they aren't loaded.

Garde la Foi, mes amis! Nous nous sommes les sauveurs de la République! Maintenant et Toujours!
(Keep the Faith, my friends! We are the saviors of the Republic! Now and Forever!)
LonePalm, le Républicain du verre cassé (The Broken Glass Republican)

[Oldeconomybuyer]

C’mon dawg, this is Bush’s fault.

[perfect_rovian_storm]

Lucky? The only reason the market is ‘rallying’ is because the dollar is crashing. I can’t wait to hear the news about how wonderful the 50,000 Dow is when a loaf of bread costs $25k.

http://finviz.com/forex.ashx

[dr_who]

DR_WHO ANALYSIS: DEMS ARE F***ED.

[BenLurkin]

[TomGuy]

There's nothing now that Congress or President Barack Obama can do to before the November midterm elections to jolt the nation's stagnant economy.

Edited version: Having manipulated the employment numbers all they can to keep the figure under 10%, there's nothing now that Congress or President Barack Obama can do to before the November midterm elections to jolt the nation's stagnant economy.

[Doctor 2Brains]

Bleak news for the dems? How is it for the unemployed?

[1cewolf]

Silly plebian, your masters are the only ones who matter in this election.

[RJS1950]

The lying Nazi Socialist POS just declared that we have had over 8 months of sustained private sector job growth. Where the hell are those private sector jobs other than in his deluded, lying head. You’re a liar you POS.

FUBO

[umgud]

reinforcing the bleak reality that it probably will be years — not months — before employment returns to pre-recession levels below 6 percent.

A GOP takeover of at least the House, will give business some certainty that Obama will be thwarted in any new attempts to wreck them with new regulation. This in itself may spur recovery. Unfortunately, the MSM will give Obama credit for it however.

[NormsRevenge]

lol.. Tom is an old timer at ap,, he’s been around for years .. this must be a real shock that the ‘Annointed One’ is a fraud and could care less about this country or jobs or much of anything.. except golf and photo ops.. and bowing.

[keepitreal]

but but California has a budget, finally.

But has the dem Congress managed to do that yet? Too busy coming home to tell us that the recovery is full speed ahead and, if they can't convince you of that, Bush is still to blame.

[nutmeg]

lol.. Tom is an old timer at ap,, he’s been around for years .. this must be a real shock that the ‘Annointed One’ is a fraud and could care less about this country or jobs or much of anything.. except golf and photo ops.. and bowing.

I love it! Thanks for posting this article, Norm.

[Longbow1969]

Lucky? The only reason the market is ‘rallying’ is because the dollar is crashing. I can’t wait to hear the news about how wonderful the 50,000 Dow is when a loaf of bread costs $25k.

I understand that the market picking up a few points and crossing 11k isn't necessarily good news for the economy. All I am saying is it will be reported as a feel good "market closes above 11k for first time in..." story. The market has been up around 1000 points in the last month or so and that gets spun by the Democrats and media as meaning that things are getting better.