No shit.

For Bush, Time to Mend Economy Is Running Out (washingtonpost.com) The Labor Department's report yesterday that the U.S. economy shed 108,000 jobs in March underscored an emerging threat to President Bush's reelection prospects: He is running out of time to restore jobs and economic growth.

The job losses in March, more than double the number analysts had expected, mean nearly 2.1 million jobs have been lost since Bush took office. Though the unemployment rate held steady at 5.8 percent in March, the private sector has lost more than 2.6 million jobs during Bush's term -- a drop that has been offset only by increased government hiring.