This could be disastrous for the economy. The belief that things are getting better is being undermined. And so is the whole argument for re-electing Obama. Things have to change dramatically or the whole economy could unravel. And when is the last time anyone talked about a jobs program?:
U.S. unemployment, as measured by Gallup without seasonal adjustment, was 7.8% for the month of November, up significantly from 7.0% for October. Gallup's seasonally adjusted unemployment rate is 8.3%, nearly a one-point increase over October's rate.