Friday, November 06, 2009

US Unemployment - 10.2%

An important story that is not getting much news traction due to the tragic events at Fort Hood is the latest unemployment figures from the USA.


BBC News: Reports that Unemployment has gone over the 10% mark in the USA, the actual figure is 10.2% As the BBC notes the last time it hit this figure was in 1983, under the Reagan -Presidency. As all political geeks recall in 1984 Reagan wiped the floor with former Vice - President Walter Mondale, thus a bad economic recession is not a political indicator for the 2012. But what should be recalled in 1982 the Democrats made gains in the House of Representatives, this should be lesson to the Obama White House, you can have a charismatic leader but still lose in the House. The Obama White House should be worried about, white, older, Americans, they are worried that the Obama health care reform will mean a cut back in their medical cover, thus while the young might go and vote for Obama in person they are very slow to go out and vote for the Democratic Party. Thus the Obama White House should careful that the 2010 Mid Term Elections don't turn in to 1994 again, when the Republicans took over the House for the first time since the 1950s. If the Republicans take the House the Obama Agenda is dead on the Hill, that simple and brutal, Obama will have turn his hand to Foreign Policy, and that at the present is not going well with Afghanistan, and Iran. Thus lets hope the Obama team in pure political terms have their ears up and not just seeing what they want to see in their own press statements.

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