Posted in Main Blog (All Posts) on October 5th, 2012 11:09 pm by HL
Premature Burial of Divided Government
Lou Cannon, RealClearPolitics
Divided government is more out of fashion than the original Apple iPhone. According to the Gallup Poll's annual Governance Survey, a record-high 38 percent of Americans prefer having one party control both Congress and the White House while a record-low 23 percent prefer control divided between the parties. (The others said it made no difference.)This finding, a turnaround from a year ago, cheered political partisans. As North Carolina blogger and former Democratic politician D.G. Martin said of partisan reaction to the Gallup survey: "The myth that a divided and deadlocked…
Jobless Rate Declines Unexpectedly to 7.8%
Alex Kowalski, Bloomberg
The unemployment rate in the U.S. unexpectedly fell to 7.8 percent in September, the lowest since President Barack Obama took office in January 2009, as employers took on more part-time workers.The economy added 114,000 workers last month after a revised 142,000 gain in August that was more than initially estimated, Labor Department figures showed today in Washington. The jobless rate dropped from 8.1 percent, and hourly earnings climbed more than forecast.
Inside the Campaign: Reinventing Romney
Allen & VandeHei, Politico
Mitt Romney, for 90 short minutes Wednesday, transformed himself into a confident, clear-thinking champion of the average Joe. His ability to turn one winning performance into a winning campaign comes down to this: Sustain and complete the Romney Reinvention Project.In the afterglow of the Denver duel, top campaign advisers said Thursday that the reinvention efforts will include forthcoming ads featuring clips from Romney’s much-praised debate performance, and the increased behind-the-scenes role of two close confidants — Sen. Rob Portman (R-Ohio), who played President…
114,000 New Jobs a Month is Not Adequate
Peter Morici, The Street.com
Consequently, the U.S. economy is expanding at 2% a year instead of the 5% pace that is possible after emerging from a deep recession and with such high unemployment.Prompt efforts to produce more domestic oil, redress the trade imbalance with China, relax burdensome business regulations, and curb health care mandates and costs, would create 5 million to 10 million new jobs, and lower unemployment to about 5%.