The unemployment rate in December fell to 8.5 percent, the lowest it has been in nearly three years, and over 200,000 private sector jobs were created, making for a total of 3.2 million private sector jobs created in the past 22 months!
After a very difficult 2009 and a stagnating few months in 2011, creating doubts about economic recovery, it seems as the economic revival which has been wished for since the economic collapse of 2008-2009 has finally turned the corner.
Barack Obama had said that unemployment, which reached a high of 9.6 percent in 2009, would fall below 8 percent. It now seems possible that the rate will continue to plummet, and may reach the 8 percent level by the fall, just in time for the election.
History tells us that a President is reelected IF the unemployment rate is declining at the time of the election.
Considering that Barack Obama has done so much good for the country, despite GOP obstructionism, it is hoped that the unemployment rate will continue to fall, and by history, therefore, guaranteeing his reelection against weak, uninspiring GOP opposition.