August jobs report threatens to steal Obama’s thunder


By Vicki Needham and Bernie Becker – A new jobs report that will be released Friday (Sep 7) morning threatens to spoil President Obama’s triumphant week at the Democratic National Convention.

But the jobs report might not be the momentum killer for Obama that many predict, and could provide a surprising lift for the president if the numbers beat expectations.

The president is trying to overcome a weighty history, as no president since Franklin Roosevelt has been reelected with an unemployment rate above 8 percent. more>

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