October's Dismal "New Normal" Jobs Report

James Pethokoukis analyzes the data here.  Read the whole thing, but here is the bottom line:

Anemic economic growth of around 2% not only puts the U.S. economy at heightened risk of recession, but is also too slow to a) generate enough jobs to quickly close the jobs gap, and b) boost take-home pay. Anyone satisfied with or hyping this report does a great disservice to the America worker.
 

 


Plus:  Additional thoughts from Ed Morrissey.

In just four more days, we can set a new course.

Mitt Romney, It's Time For Real Change America

Yesterday, Mitt Romney gave a speech in Iowa in which he clearly laid out his economic vision for America.

Elsewhere, Barack Obama was no doubt giving a speech about Big Bird, birth control, and binders.

Romney, not Obama, shows concern for nation's poor

Byron York:  "There's an odd imbalance that few have noticed in this presidential campaign. In the midst of a continuing economic downturn, one candidate talks regularly about poverty, and the other doesn't. The one who does is the Republican, Mitt Romney."

Is Atlas Shrugging?

The latest Instavision - Job Creators Are Giving Up on the U.S. Economy.



 

Consequences

Prepping for Obamacare, restaurant chains cut workers' hours.

Michelle Obama: "We Are In The Midst Of A Huge Recovery."

Reality:  Not so much.

Bill Clinton: Romney Is Right, Obama Hasn't Fixed The Economy.

Anyone else get the feeling the Clinton will be voting for Romney?

Scary Chart of The Day

This is not what a recovery looks like.

Hat tip to Powerline for the chart.

Most Powerful Moment Of The Night

Barack Obama's Horrible No Good Very Bad Day

A summary of Obama's day yesterday.

Bazinga!

 

 

Hat tip to Vodkapundit.

Over the Cliff

Durable goods orders drop 13.2% in August; Update: Q2 GDP downgraded from 1.7% to 1.3%

Plus further analysis from James Pethokoukis:  ‘It’s all unraveling’ | Is this the last quarter of the recovery?

It's A Dirty Job

But Mike Rowe is campaigning with Mitt Romney in Ohio.

I wonder if this has anything to do with his decision.

America Falls To 18th In Economic Freedom

Having dropped from 12th since 2009.

Why does this matter?

Just a reminder

If  "discouraged jobseekers" remained in the labor force, August's jobless rate of 8.1 percent would have been 10.5 percent.

Everything You Need To Know About Obamanomics

Since Obama has taken office ….
[through Q2 2012 for comparative purposes]

      For every $1 added to the economy, we’ve added more than $3 in debt
      added $5.23 trillion in debt vs. $1.68 trillion to the economy
      50% increase in debt vs. 12% increase in economic output

Total Public Debt:
$10,626T [Jan 20, 2009]
$15,856T [Jun 30, 2012]
--> $5.23 trillion increase in debt

Terrifying!

Increases in Real Per Capita Federal Spending Over The Past 35 Years.

 

"This is no way to run a country. But it might be a great way to wreck the economy."  Might?

Decline

US Slips Further Down the Ranks of Global Competitiveness.

689 Reasons to Defeat Barack Obama

That's it?

Asking For A Mulligan?