Kudlow: Grim Jobs Report is Catastrophic Blow to Obama The grim May employment report, which generated only 69,000 nonfarm payrolls, is the third consecutive subpar tally, replete with downward revisions for the two prior months. It’s a devastating number for the American economy, and a catastrophic number for Obama’s re-election hopes. [Full Story]

http://www.moneynews.com/StreetTalk/Jobs-obama-Re-election-Hopes/2012/06/01/id/440974