Typical Politico Spin
The dismal June jobs report immediately yanked the focus of the presidential campaign back to the economy — and the reality that President Barack Obama’s hopes for a second term depend on overcoming an idling economy and a jobless rate that have proven fatal for incumbents.
No president since World War II has won re-election with a jobless rate over 7.4 percent, a figure the economy is now almost certain not to reach before November. The president is quickly running out of time to bring the jobless rate down with just four reports now remaining before the election. And Friday’s report took on added importance as it will help set impressions of the economic trend heading into the summer vacation season, when voters tend to tune out.