Did The Dismal Jobs Number Just End The Tax Debate?

Another reason the stock market isn’t down more: The weak jobs report may have just ended the Bush tax cut debate.

If this number is reflective of a new sub-par period for the economy, Obama has zero chips to play on any economic matters. He can’t risk a tax hike or any move appearing to be at all creating a drag if he has any hopes of getting re-elected.

That may have just ended the tax cut debate, handing a victory to the GOP. Let’s see if this ends quickly.

NOW WATCH: Briefing videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.