NBC ?Meet the Press? moderator David Gregory examines the political implications of the latest employment report. With five jobs reports between now and Election Day, Gregory says the president has to ride the wave of this economic data.
>>> of course, as we noted the big job numbers became immediate political fodder on the campaign trail today with mitt romney and barack obama offering competing interpretations of what they signal.
>> our businesses have created almost 4.3 million new jobs over the last 27 months, but as we learned in today's jobs report, we're still not creating them as fast as we want.
>> their policies have not worked and in many respects their policies have made it harder for the economy to recover. i think that's one of the reasons why people are looking for a new direction.
>> let's bring in nbc's david gregory , moderator of "meet the press." david, is this going to be seen as a defining moment or at least the defining issue going forward?
>> well certainly a defining issue and it may be a defining moment. this could be a time when president obama becomes an underdog again, if there is that loss of momentum in the economy that tyler referenced and you see that false dawn , the idea that things were going to turn around, only to see kind of stagnation, or jobless recovery in the months ahead and you look at how few jobs have been created as compared to earlier in the year. here's the reality, lester, five, five jobs reports between now and election day . the president has to ride the wave of this economic
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