Goldman Sachs has revised it's forecast for unemployment at the end of 2012 to 8.75%. This is extraordinarily bad for President Obama and while he may try to blame the Republican House, there is literally no way he can get re-elected if unemployment is still that high on election day in November 2012.
Meanwhile, Laura Ingraham on her radio show here perfectly captures the Carteresque feel of Obama's Presidency, comparing Obama's rhetoric to Carter's famous "malaise" speech:
Great stuff.
Hat tip: Ace of Spades.
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