Last week’s jobs report provided President Barack Obama with perhaps the only bit of good news since his disastrous debate against Mitt Romney, but there are suggestions that the figure could wind up having been too much, too soon for Obama.
“Of course we’re worried about it,” admitted an Obama campaign aide, on the prospect of an eleventh hour jobs report showing a spike in the unemployment rate. “But thankfully a large portion of the country will have voted by then.”
Indeed, a higher figure is not just possible; many on both sides see it as likely.
“The unemployment rate in the next jobs report will likely be higher than 7.8,” said American Enterprise Institute economist Michael Strain. “Whether that is 7.9, 8.0, 8.1, I don’t know.”
“The conspiracy stuff is BS and a distraction,” he added, saying that the data fundamentals provide enough reason to consider a so-called “November Surprise” a major possibility. “That being said, it’s also true that 800,000 jobs weren’t created in September.“
Personally, I don't think it will matter much. It has been foreseen that Barack Obama himself will locate the villains culpable for the Benghazi Massacre, and launch an attack on Thursday, November 1st. Our media will trumpet his heroism with patriotic fanfare (and none of the world-weary, "Fahrenheit 9/11" skepticism that accompanied any military maneuver by George W. Bush), and any bad economic news will be swept under the rug as reporters rush the podium to pin another medal on Dear Leader...
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