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Well, it could be worse. He could be handing himself an economy shedding 600,000 jobs, or one that had lost 3.6 million jobs over the previous 12 months, as was the case in January 2009. Certainly I would rather run a country which had just gained 170,000 jobs and had added over two million jobs over the past 12 months, as is the case as of October 2012.