Commentators said any political "bounce" President Barack Obama would get from the death of Osama bin Laden would be brief.
Brief indeed, with new jobless claims hitting an eight-month high. Team Obama and some analysts are trying to point to special and one-time factors. But, the four-week rolling average climbed throughout April, so that seems weak.
My personal guess is that half of the problem, maybe, is due to special issues, but no more than that.
That said, the $10 drop in oil prices may help hiring pick up again. (Unless you're a hedge fund manager or commodities speculator that now has to put a new yacht purchase on hold for a week. But, since Team Obama still shows no desire to further regulate commodities, you won't have to worry too much.)
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Would have been nice to bury Bin Laden's remains at ground zero and erect the monument on top of his grave, so he can carry the burden of what he did into the afterlife. What a way to honor our fallen by having their memory squashing his memory.
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