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View Diary: Quick-Fixing Jobs Is a Snare and a Delusion (180 comments)

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  •  I've been thinking about this too (1+ / 0-)
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    Front Toward Enemy

    And while it certainly is troubling, I don't think the Obama presidency (or a second term) are doomed yet.

    Ronald Reagan took office in 1980 with unemployment at 7.5%. By December  of 1982, the unemployment rate had risen to 10.8%. Two years later, Reagan was re-elected winning 49/50 states.

    High unemployment certainly doesn't help Obama, but it isn't going to break his presidency if it levels out below 11%

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