Thursday, July 02, 2009

IF TRUE, THIS IS REALLY BAD NEWS

If the employment situation doesn't turn around in time for the 2010 elections, the Dems will certainly lose more seats than expected for an off-year election.

White House Adviser: Stimulus is Working -- But Unemployment Could Grow in 2010
July 02, 2009 2:42 PM
ABC News’ Rick Klein reports:

Jared Bernstein, chief economist and economic policy adviser to Vice President Joe Biden, said on ABCNews.com’s “Top Line” today that the latest jobs report doesn’t tell the full story.

“The unemployment rate will likely be higher in 2010 than in 2009, just as it’s ramped up over the course of the year. In that sense you’ve got a tougher labor market,” Bernstein said.

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