Forget last night’s speech. Forget Clinton’s speech. Forget Romney’s speech. This is what could decide the election.
The economy added only 96,000 jobs in August, the Labor Department just announced, well below the 150,000 or so needed just to keep pace with growth in the work force. Unemployment declined from 8.3 percent to 8.1 percent, but that’s only because people are giving up searching for jobs and leaving the workforce. Since they’re no longer counted, the percent of unemployed declined.
This is very, very bad news for President Obama. It may even explain why he seemed kind of flat during portions of Thursday night’s speech, since I understand he knew the numbers at the time.
I assure you, there are blisters on people’s hands at Romney campaign headquarters in Boston from all the high fiving going on. Read more at White House Dossier...