There is little doubt that continued high unemployment rates will have a major impact on the 2010 mid-term elections, and may hamper Obama’s ability to accomplish other major campaign initiatives. The truth of the matter is that there is very little the Obama Administration (or any administration) can do to effect the economy in any significant way without changing the American capitalistic system.

Hold on to your hats, America, the recession’s not over yet.  Although the economy grew at a healthy rate during the July to September time frame, causing many economists to announce the end of the recession, it seems that the “recovery party” is over; at least for the time being.  The Labor Department said on Friday that the American economy lost about 263,000 additional jobs in September, which was worse than the 201,000 lost in August, and way above Wall Street’s expectations of losses amounting to 180,000.   With the …