Thursday, July 09, 2009

The 10% Unemployment Ribicon

It looks like we are going to cross it soon enough but this article points out the damage it can do to Obama's plans.

Perhaps most ominously for the Obama administration, the job cuts are affecting voters across the board. Adult male unemployment has already hit 10 percent and is affecting most core Democrats — voters at lower income and education levels. African-American men are already out of work at a 14.7 percent clip.

I had no idea that it was this bad for Obama's core supporters. If I were the Dems I would would be pushing a real jobs bill as fast as I can. Not a job destruction bill like Cap-and-Tax or something convoluted as Health Care reform.

Especially given the administration’s earlier commitment to keep unemployment below 8 percent, further grim job numbers will make it more difficult for the administration to push for health care reform and cap-and-trade energy policy. If the tripwire is hit, many will question whether the president is spending adequate time on the deteriorating job and economic front versus longer-term problems.

Hell it even has the Daily Show questioning why Obama is fooling around in Russia and fooling with Cap-and-Tax with its new segment. That's Great Now Fix the Economy.

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