No post-WWII president in the modern era has ever been re-elected with unemployment at 9%. Or 8%. Or 7.5%.
7.7% beat Ford. 7.5% (helped) beat Carter. 7.4% beat Bush I.
There is Zero chance Bobo can get unemployment under 8% by Election Day. Even if he did manage 8.1% or 8.2%, the largest entrenched unemployment/underemployment in the modern era is going to knock him out.
Right, but it's a different era now. If the dems frame all this around the narrative, "Imagine how difficult things would be if Obama didn't win in 2008" -- which is quite possible, those numbers won't matter. We're not dealing with a particularly well-informed, well-reasoned electorate.