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It's still the economy, stupid!

February 7th, 2010 12:22 AM
Categories: News, Economic

Link: http://www.guardian.co.uk/world/richard-adams-blog/2010/feb/05/us-economy-obama-jobless

At the end of a rough couple of weeks, some good news for the Obama administration: falling unemployment. It might not sound like much, but a surprise dip in the US unemployment rate is the best piece of news the White House and Democrats have had for a long time. With official figures showing the headline rate of unemployment falling below the 10% mark to 9.7%, the economy is no longer just supplying bad headlines. Amidst all the talk about tea parties and a Republican resurgence, the economy and the jobs market remain the most pressing issues in the minds of voters, even more than terrorism, healthcare or even the government budget deficit. Until the economy turns around, the political fate of both Obama and the Democrats remains dangerously uncertain.

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