In elections, jobless trend matters more than rate (bodes well for Obama)

[DCBob]

1. I think this is very good point when people argue Obama cant be reelected due to high unemployment.

There was a very similar situation when Reagan was reelected. Here a snippet from the article..

"Obama can take comfort in President Ronald Reagan's experience. In November 1982, the economy was in the last month of a deep recession, and unemployment was 10.8 percent, the highest since the Great Depression. A year later, unemployment was down to 8.5 percent. By November 1984, it was still a relatively high 7.2 percent, but the downward trend was unmistakable. Reagan was re-elected that month in a 59-41 percent landslide."