This Just In: 10% Unemployment is Obama's New World

From Yahoo Politics.

"For months he had warned it was coming but that didn't ease the political shockwaves for President Barack Obama when unemployment topped 10 percent.

A year after his election Obama finds it increasingly difficult to blame the sour economy on George W. Bush or offer reassurances that jobless Americans will soon find work."

...

"Many economists predict the jobless rate will rise again, peaking at 10.5 percent sometime next year before employment makes a turnaround in the spring. That still means unemployment will remain high for some time. The administration's own projections still see unemployment at 8 percent by the end of 2011.

Such lingering discomfort can have economic and political consequences."