Analysis: Jobs report is bleak news for Democrats

Posted on October 8, 2010


The die is cast, and it’s grim news for the Democrats. There’s nothing now that Congress or 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.

via Analysis: Jobs report is bleak news for Democrats – Yahoo! News.