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Title: **The Unemployment Rate is Overrated - Chris Matthews Show** Post by: Coach Hank Crisp on September 06, 2011, 12:36:28 PM http://www.weeklystandard.com/blogs/unemployment-rate-overrated_592710.html?utm_source=twitterfeed&utm_medium=twitter
Quote There's been a lot of talk about how the unemployment rate, currently at 9.1 percent, is putting a damper on President Obama's reelection prospects. On Sunday's edition of The Chris Matthews Show, the eponymous host pointed out that "for FDR running for his second term in the Great Depression, the unemployment rate was 16.6. He won anyway. But the important thing there was the trend, down from 19.8 when he took office. In modern times, the president reelected with the highest unemployment rate was Ronald Reagan in 1984 with a 7.2 percent rate. Gerald Ford, Jimmy Carter, Bush 41, all lost their campaigns for a second term weighed down by unemployment." So does this spell doom for Barack Obama? |