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Analysis: 10 percent jobless is Obama's new world

Saturday, November 07, 2009 6:44:40 AM
By JIM KUHNHENN

President Barack Obama walks off Marine One on the South Lawn of The White House in Washington, Friday, Nov. 6, 2009, after going to Walter Reed Hospital in Washington. (AP Photo/Alex Brandon)WASHINGTON (AP) - For months he had warned it was coming but that didn't ease the political shockwaves for President Barack Obama when unemployment topped 10 percent.

A year after his election Obama finds it increasingly difficult to blame the sour economy on George W. Bush or offer reassurances that jobless Americans will soon find work.

Never mind that the economy itself grew in the last quarter, that the recession, as measured by the precise formulas used by economists, is over and that the number of jobs lost in October was less than one-third the number of job losses at the start of his presidency.


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