Bad Jobs Report Today...

and the Bush re-elect futures contract is down two points to 52%. There's not much to spin here by the Bush campaign. While I agree that with them that the Labor Dept. stats don't measure alot of other types of jobs like self-employment,independent contractors and entrepeneurs, it doesn't change the fact that most people just look at the Labor Dept stats. The bond market had a huge rally this morning as well. What does all this mean? Bush is behind a little in the media polls , but he is still the favorite according to the all important futures market. My prediction is that he will come out of the convention tied in the polls and about right where he is today in the futures. The debates and or a future event are going to decide the election.