It is folly to presume that Presidential policy is the only variable in the labor markets.
It is, in fact, quite a foolish notion.
The current employment situation is largely the result of broad-based productivity gains (which benefit all of us - including the unemployed), and the recession that began in the fall of 2000.
Fiscal and monetary stimulus (i.e. tax cuts and Fed Funds rate cuts) have helped the economy emerge from recession, and job growth has indeed picked up (an increase of 278,000 in payrolls in the past five months, and a decrease in unemployment from 6.3% to 5.7% since June), but I wouldn't give the President (or the Congress) much credit for that either.
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Skwerl. Its wuts fer dinner.
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