Yeah, it's a boon for the near term. Buy beyond his reelection, the prospect of the eurozone recession intensifying remains a ghastly specter. But that's a problem for his second term.numbers get better through the fall, so hopefully it gets better from 163k. Although you would think that consumer sentiment would be rather good if people are coming back into the workforce instead of staying discouraged... so far those numbers aren't lining up.
The biggest boon to Obama's chances was the EU comments on not letting the Euro die.