WASHINGTON (AP) -- 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.
Those claims about the recession's end do not convince people who remain painfully aware of the unemployment rate.
At 10.2 percent, October unemployment climbed to chart-topping heights unseen in more than a quarter century. The bottom line is that more than 15 million Americans are out of work and 3.5 million lost their jobs while Obama was president. Expected or not, this is Obama's new reality.
http://finance.yahoo.com/news/Analysis-10-percent-jobless-apf-102244572.html?x=0&sec=topStories&pos=7&asset=&ccode=
