Who buried the middle class? Update: Manufacturing orders drop 5.2% in August

posted at 12:41 pm on October 4, 2012 by Ed Morrissey

In last night’s debate, the term “middle class” only got eight mentions: two by Mitt Romney (the first and the last), and six by Barack Obama.  Given all the rhetoric that Team Obama has floated in this cycle about middle-class concerns and how out of touch Romney is with them, one would have expected Obama to hammer on this theme — especially in a debate that focused on domestic policy.  Yet Obama barely mentioned it, perhaps to avoid having to answer for his running mate’s jaw-dropping gaffe from earlier this week:

After last night’s debate, some suggested that Obama would have to rely on Joe Biden to rescue him in the next scheduled debate, the Vice Presidential square-off on October 11th with the well-prepared Paul Ryan.  Any strategy that relies on Joe Biden to win an intellectual exercise is already doomed to failure, as this clip amply demonstrates.  But was this really a “gaffe”? In my column today for The Fiscal Times, I argue that it’s only a gaffe in the Kinsleyan sense — and that Biden is right that the middle class has been buried, but under an avalanche of bad Democratic policy:

Perhaps Biden missed a memo or two, but for most of the last four years, his running mate, Barack Obama, has been President. For two of the last four years, his party controlled Congress by large majorities, as well as the two years that preceded those, and Biden’s party has controlled the Senator for all six years.  In fact, both Biden and Obama sat in the Senate previously, Obama for four and Biden for decades.  If the middle class has been buried, it’s been on their watch.

Is this a political inconvenient truth?  Has the middle class been “buried” the last four years?  By any measure, the middle class has certainly lost ground. Median household income has declined each of the last four years, a decline which has accelerated during the Obama “recovery” that started in June 2009.  Median household income dropped 2.6 percent during the Great Recession, but has dropped 4.8 percent in the three years since.

That is one reason why the Census Bureau reported three weeks ago that the middle class had declined to“an all-time low” in 2011, as the Washington Post headlined their article on the subject. By the third year of Barack Obama’s presidency, poverty had leveled off at a near all-time high as well, while the middle class continued to lose ground on income.  But that wasn’t the only measure on which the middle class found itself moving backward; their average work hours also declined, as did the average pay rate, while home values continued to decline. The percentage of Americans with jobs fell to a 31-year low in August at 63.5 percent, another symptom of a decline in the middle class.

All of this occurred during the Obama/Biden administration, a point that the Democrats had tried to avoid during the 2012 campaign. Biden’s admission that the middle class has been “buried” will certainly resonate with voters who have experienced the decline first hand. It will also force the media to give some attention to that decline, writes Jennifer Rubin at the Washington Post. “On the Biden remark, the media sure seemed miffed to have to respond to the Romney campaign,” Rubin notes, and “that was the reason, of course, the Romney-Ryan ticket pounced on Biden.… At least they got the media to report that the middle class has lost ground under Obama.”

On the plus side, I argue that this means the Obama administration finally delivered on one particular promise:

Biden’s right about the middle class being buried.  But it’s his own administration and party that did the burying, which has been the only shovel-ready job the Obama White House managed to produce.

With Team Obama backpedaling on the middle class, Romney stays on offense today with a new 30-second TV spot.  In “12 Million Jobs,” Romney promises to lift the middle class out of their decline by creating the jobs necessary for wage growth:

Romney puts energy production reform first — a big key that last night’s exchange on green-tech subsidies will help emphasize.  We cannot grow the economy while making energy more expensive.  We have to find ways to make energy cheaper now, and that means putting a real “all of the above” energy policy in place.  After last night’s debate, Romney will almost certainly have a lot more people listening.

Update: As if to underscore the point, overall orders for manufactured products dropped by 5.2% in August:

New orders for manufactured goods in August, down two of the last three months, decreased $24.9 billion or
5.2 percent to $452.8 billion, the U.S. Census Bureau reported today.  This followed a 2.6 percent July increase.  Excluding transportation, new orders increased 0.7 percent.  Shipments, down two of the last three months, decreased $1.3 billion or 0.3 percent to $476.9 billion.  This followed a 1.9 percent July increase.  Unfilled orders, down following two consecutive monthly increases, decreased $17.0 billion or 1.7 percent to $978.8 billion.  This followed a 0.7 percent July increase.  The unfilled orders-to-shipments ratio was 6.27, up from 6.23 in July.  Inventories, up two consecutive months, increased $3.7 billion or 0.6 percent to $611.8 billion.  This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.6 percent July increase. The inventories-to-shipments ratio was 1.28, up from 1.27 in July.

Reuters looks for the silver lining:

Demand for U.S. factory goods in August fell by the most since January 2009, but the second straight month of gains in orders outside transportation hinted at a less rapid loss of momentum in manufacturing activity.

The Commerce Department said new orders for manufactured goods tumbled 5.2 percent — the biggest drop since the recession — dragged down by a slump in demand for transportation equipment that was telegraphed in last week’s report on orders for long-lasting manufactured goods.

Factory orders had risen 2.8 percent in July and economists had expected them to drop 5.8 percent in August. Excluding transportation, orders rose 0.7 percent in August after rising by the same margin the prior month.

Not that there isn’t a “loss of momentum” in manufacturing, but it’s less rapid than the topline indicates.  That’s a pretty slender reed, especially for the middle class that depends on a healthy manufacturing sector,


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If the middle class has been buried, it’s been on their watch.

Biden’s right about the middle class being buried. But it’s his own administration and party that did the burying, which has been the only shovel-ready job the Obama White House managed to produce.

BOOM!

Nice work edward!

ted c on October 4, 2012 at 12:45 PM

Recovery…uh…I don’t remember the rest.

Bishop on October 4, 2012 at 12:46 PM

This news just stinks. Can we move the election up? We need to get started fixing the mess.

MTF on October 4, 2012 at 12:46 PM

I picture Pantload sitting in a puddle of his own making in a dark corner of the White House sucking his thumb whilst Valarie Jarret and the FLOTUS are throwing dishes at the staff…

Seven Percent Solution on October 4, 2012 at 12:46 PM

This dude is legit.

gatorboy on October 4, 2012 at 12:50 PM

Joe Biden is the best campaigner the GOP could ever hope for.

UltimateBob on October 4, 2012 at 12:51 PM

Obama’s Middle Class is shovel ready

faraway on October 4, 2012 at 12:51 PM

I picture Pantload sitting in a puddle of his own making in a dark corner of the White House sucking his thumb whilst Valarie Jarret and the FLOTUS are throwing dishes at the staff…

Seven Percent Solution on October 4, 2012 at 12:46 PM

Love it. I see him smokin’ some choom, and fast-leafing through Nutshell versions of Rules For Radicals and Das Kapital, trying to figure things out.

OhEssYouCowboys on October 4, 2012 at 12:52 PM

I’ve just returned from a trip to Asia and October manufacturing is going to be down big time. Factories are searching for orders to fill some production gaps.

theblacksheepwasright on October 4, 2012 at 12:53 PM

the second straight month of gains in orders outside transportation hinted at a less rapid loss of momentum in manufacturing activity.

Why do I hear Spinal Tap’s manager saying that their appeal is becoming more selective?

Vashta.Nerada on October 4, 2012 at 12:53 PM

PERFECT picture Ed

Heh

cmsinaz on October 4, 2012 at 12:53 PM

I picture Pantload sitting in a puddle of his own making in a dark corner of the White House sucking his thumb whilst Valarie Jarret and the FLOTUS are throwing dishes at the staff…

Seven Percent Solution on October 4, 2012 at 12:46 PM

reminds me of that tune by the Little River Band….

Happy Anniversary, Baby!!!
got you on my …miind!

ted c on October 4, 2012 at 12:54 PM

We are taking a balanced approach to burying you.

forest on October 4, 2012 at 12:54 PM

Until this conversation shifts to the watering down of purchasing power, I have trouble taking the answers serious. When debt and deficits cut the purchasing power in half since 2000, we can safely conclude that both sides buggered the middle class savagely (with a lot of it coming in the last 4 years.)

Throw in NAFTA and high regs driving good manufacturing jobs out of this country and you still have a bipartisan buggering of the middle class.

Throw in the repeal of glass-steagall and government pressures to deregulate the loan process and make bad loans, and yet again we have a bipartisan buggering of the middle class. (should note that Democrats were in power for NAFTA, G-S, and the whole fannie mae crap… did have a good amount of republicans in congress helping)

At least republicans are trying to correct things (though could use some religion on Free trade and our uncompetitive high regulatory/tax atmosphere driving jobs from our country. We should only push the free trade bit when the latter is corrected.)

Chubbs65 on October 4, 2012 at 12:55 PM

Romney mentioned “trickle down government” last night.

Biden is in the party that is racist. They have expanded the size of the ghettos.

seven on October 4, 2012 at 12:55 PM

The only ray of light for The Commie – is that his power base is still there, to deify him:

Keep Obama in President

OhEssYouCowboys on October 4, 2012 at 12:56 PM

Yea, the fact still remains that Obama is choking out the economy. The problem isn’t the last 4yrs. The problem is, this socialist choking of the economy has been happening since Woodrow Wilson. Obama’s plans & ideas are neither new or untried. They’ve been tried and failed for over 100yrs! Wilson, caused a depression & had to be saved by a 50% cut in govt. spending, by the following administration. FDR made the depression worse with socialization & extended it by many yrs. He was saved by war production. I’m not going to continue to list every Dem Prez and they attempts to add the choke hold of socialism to the economy, history shows it to be a failure every time google will find that for you! The point is, it’s a failure on our part to allow the left to to say that capitalism doesn’t work, when the only thing that causes the failure is the choking hands of socialism being incorporated into it!
Final Update for those following:How to take on the Obama Enemy media: http://paratisiusa.blogspot.com/2012/09/an-open-letter-to-those-who-should-know.html?spref=tw

God Bless America!

paratisi on October 4, 2012 at 12:57 PM

Update: Manufacturing orders drop 5.2% in August

Obama’s chickens are coming home to roost.

SWalker on October 4, 2012 at 12:57 PM

We gotta’ find some good news for 0bama.

Something that will kick the libs and ABR nutballs out of their funk and get them here.

I really want to see them today.

cozmo on October 4, 2012 at 12:58 PM

I don’t like how the expectations are being set for the Biden/Ryan debate. Ryan has no wiggle room but to not meet expectations and blow ‘Hair Plugs’ away. Biden is being made out like he will fail during the debate and if he does any better than fail the MSM will tout him the big winner.

reddevil on October 4, 2012 at 12:59 PM

Any strategy that relies on Joe Biden to win an intellectual exercise…

Well now there’s a thought that you seldom see.

Remember two weeks ago when the left had all but declared sure victory? I wonder where those people went.

Happy Nomad on October 4, 2012 at 1:00 PM

somewhat surprised no money bomb last night or today from Romney camp.

matthew8787 on October 4, 2012 at 1:00 PM

Would be nice to obtain crowd sizes and photos from this morning in Denver (BO) and tonight in Virginia (RR)

I believe the MSM is covering up a significant drop in Obama crowds relative to 2008.

matthew8787 on October 4, 2012 at 1:01 PM

Just heard on the radio that the jobless claims rose by 4,000.

MobileVideoEngineer on October 4, 2012 at 1:03 PM

Biden’s party has controlled the Senator for all six years.

That should say

Biden’s party has controlled the Senate for all six years.

But it is slightly amusing to read that Biden’s party has controlled him for all six years. :-)
The Democrats absolutely can NOT control Biden!

:LOL:

ITguy on October 4, 2012 at 1:04 PM

November 7th is when the Recession/Depression will be reported.

……..all because of…….ROMNEY (assuming he wins).

PappyD61 on October 4, 2012 at 1:05 PM

I just did a quick search (no exhaustive) of comments in all the recent HA debate posts, and I’m stunned. I wasn’t able to find a single comment by libtard4life, urban elitist, or any of the leftist trolls that normally inhabit our little playground.

I’m a little worried. Do you guys think they’re ok?

peski on October 4, 2012 at 1:06 PM

Tax revenues way below the monthly estimate here in Mass.

Wigglesworth on October 4, 2012 at 1:09 PM

My shops are going gang-busters, then again I don’t know if they count as “manufacturing”; we repair and fab stuff that people already have and we have never been busier. There’s your sign.

Bishop on October 4, 2012 at 1:09 PM

If the middle class has been buried, it’s been on their watch.

Biden’s right about the middle class being buried. But it’s his own administration and party that did the burying, which has been the only shovel-ready job the Obama White House managed to produce.

BOOM!

Nice work edward!

ted c on October 4, 2012 at 12:45 PM

The middle class has been Barried along with the rest of the country.

Chip on October 4, 2012 at 1:09 PM

I just read a story on Yahoo finance that unemployment claims were higher than projected. Buried.

Philly on October 4, 2012 at 1:09 PM

Biden’s party has controlled the Senatore for all six years.

… And Biden has been President of the Senate for nearly four years, while the Senate has not passed a budget since FY 2009.

I hope Paul Ryan asks Joe Biden why Joe hasn’t presided over the Senate on a DAILY basis until they pass a budget. They are required by law to pass a budget, and we are supposedly a Constitutional Republic, ruled by the rule of law.

Biden, Mr. President of the Senate, should be held personally accountable for the Senate’s failure to pass a budget for three (going on four) straight Fiscal Years.

ITguy on October 4, 2012 at 1:11 PM

I just did a quick search (no exhaustive) of comments in all the recent HA debate posts, and I’m stunned. I wasn’t able to find a single comment by libtard4life, urban elitist, or any of the leftist trolls that normally inhabit our little playground.

I’m a little worried. Do you guys think they’re ok?

peski on October 4, 2012 at 1:06 PM

Urban elitist and verbaluce have been here yesterday, they even admitted that romney won the debate…so did libfree, only he said something like Mitt won on form/style , not on substance or some crap talking point like that, fresh from the axelturd camp…

jimver on October 4, 2012 at 1:12 PM

The middle class has been Barried along with the rest of the country.

Chip on October 4, 2012 at 1:09 PM

What was that quote from Nikita Khrushchev?

We will Barry you!

ITguy on October 4, 2012 at 1:14 PM

Biden, Mr. President of the Senate, should be held personally accountable for the Senate’s failure to pass a budget for three (going on four) straight Fiscal Years.

ITguy on October 4, 2012 at 1:11 PM

I really hope that Ryan brings that up…

jimver on October 4, 2012 at 1:14 PM

Regarding energy policy, I was a bit taken aback by Romney not mentioning Keystone during jobs or energy banter—or did I miss something while I was grabbing my popcorn and burping my Shiner Bock?

hillsoftx on October 4, 2012 at 1:15 PM

Yahoo News has told us how scary Romney winning last night was….

Romney’s strong debate showing puts Europe on edge.

BRUSSELS (Reuters) – President Barack Obama’s lackluster performance in the first U.S. election debate provoked uneasiness in European capitals on Thursday, where hopes are mostly, if unofficially, pinned on his securing a second term.

PappyD61 on October 4, 2012 at 1:15 PM

Correction: I read the unemployment story on the philly.com mobile site. Apologies.

Philly on October 4, 2012 at 1:15 PM

Who buried the middle class? Update: Manufacturing orders drop 5.2% in August
==========

That is what you get,when your stuck in *(D)*,and your foot
is planted at 7,000 RPM’S,going nowhere,and inexplicably,

you find yourself burying the tires,and fender-wells deep
up the the axles,and then hanging it up on the frame!

Hence,Obama is burying the Middle-Class!!
(sarc).

canopfor on October 4, 2012 at 1:15 PM

peski on October 4, 2012 at 1:06 PM

Urban_Decay was here last night to say Mitt was pretty good but that Bark looked more presidential and will ultimately win.

Bishop on October 4, 2012 at 1:17 PM

Any strategy that relies on Joe Biden to win an intellectual exercise is already doomed to failure…

I’m really hoping that under pressure Biden has one of his “Grandpa Simpson” moments and goes off on some bizarre rant. The comedic potential next week is huge.

Hayabusa on October 4, 2012 at 1:17 PM

Nice enough ad. Should be viewed with extra legitimacy by anyone on the fence that watched the debate.

I can’t wait for the VP debate. We might see a complete breakdown by Biden. Will Ryan need to remind Biden that he, too, has Secret Service protection?

Carnac on October 4, 2012 at 1:18 PM

PappyD61 on October 4, 2012 at 1:15 PM

lol

idiots…

cmsinaz on October 4, 2012 at 1:19 PM

The middle class has been Barried along with the rest of the country.

Chip on October 4, 2012 at 1:09 PM

heh! love it

ted c on October 4, 2012 at 1:19 PM

Yet Obama barely mentioned it, perhaps to avoid having to answer for his running mate’s jaw-dropping gaffe from earlier this week:

It isn’t safe to campaign with a blood alcohol level over .08.

MessesWithTexas on October 4, 2012 at 1:22 PM

Biden, Mr. President of the Senate, should be held personally accountable for the Senate’s failure to pass a budget for three (going on four) straight Fiscal Years.

ITguy on October 4, 2012 at 1:11 PM

I really hope that Ryan brings that up…

jimver on October 4, 2012 at 1:14 PM

You can take that one to the bank.

Carnac on October 4, 2012 at 1:23 PM

PappyD61 on October 4, 2012 at 1:15 PM

Europe is hoping America will save their lame butts for the third time in a century. Obama likely would, but Romney might well not.

Like my dad used to say, “There will always be an England–long as the US has money and troops.”

Liam on October 4, 2012 at 1:26 PM

OT: Sort of…

I’ve discovered, looking at these threads today, and largely last night, too, that there seems to be a dearth of trolls and ABR’s.

I’ve looked into the problem, and I’ve discovered a new disorder.

Troll Disphoria Disorder, or, TDD, as we know it in the new Troll research manuals.

Its a disorder that only effects trolls and ABR’s when they experience Romney giving THE ONE a sound thrashing in front of ’40 million people’.

Disphoria being the technical term for the opposite feeling of euphoria.

This disorder may be connected to any revelation or event that causes a similar quietude and reticence to engage in the normal troll like activities.

As to the Biden statement regarding burying the middle class… why yes, Joe, you and Obama have done a marvelous job of burying the middle class under a mountain of debt, inflation for necessary goods like gas and food, ensuring that the education their children receive is almost entirely worthless, and shoveling their tax dollars into every ‘green jobs’ rabbit hole you could find, as well as shoveling them out the door for an 80% increase in foreign aid for virtually zero result. They say misery loves company…

I’m hoping that Joe and Obama get their “fair share”.

thatsafactjack on October 4, 2012 at 1:30 PM

Truth be told, the middle class is Obama’s enemy, the very target of all statists, who have no power while it’s held by responsible individuals. That is his entire agenda–to take down the middle class and leave America with a dependent third world mentality and economy, lest they get upitty again and embarass the world with their success for all classes with a nation whose citizens have rights given to them by Nature’s God, not handed out like waivers the government.

Don L on October 4, 2012 at 1:35 PM

Headwinds… of the hot air variety

Mr_Magoo on October 4, 2012 at 1:36 PM

Wait, but aren’t we told, even by WSJ, that the economy is improving? Unemployment last month went UP in 12 states, retail sales are down in general, factory orders are down. But the corrupt White House in line with Wall Street analysts seem to read these numbers as improvement. Over what? Life in Kenya?

riddick on October 4, 2012 at 1:43 PM

All bills (budget, revenue, spending, or other) must be passed by the House and Senate, and be signed by the President (unless a veto is overridden), so let’s agree that it is fair to give “credit”/”blame” to the party which controlled a majority (2+ out of 3) of those three.

Republicans held majority control (2+ out of 3 of the House, Senate, and Presidency) from January 3, 1995 to January 3, 2007, and Democrats have held majority control from January 3, 2007 to present.

Compare how the middle class and the economy in general were doing in December 2006 (after 12 years, 144 consecutive months, of Republican majority control) to how the middle class and the economy in general are doing now in October 2012 (after nearly 6 years, 69 consecutive months so far, of Democrat majority control).

It’s a night and day comparison… 12 consecutive years of Republican majority control were good for our people and our economy, while nearly 6 consecutive years of Democrat majority control have driven our economy into the ditch, threaten to make it even worse with the Fiscal Cliff, and have caused immense pain to our people.

What did Pelosi and Senators Reid, Obama, Biden, Clinton, and others inherit from the Republicans in January 2007?

1) A FY 2007 deficit of less than $161 Billion.
(Source: http://www.whitehouse.gov/sites/default/files/omb/budget/fy2013/assets/hist01z1.xls)

2) Total National Debt under $8.7 Trillion.

3) Unemployment 4.4%

4) “Discouraged Workers” (not counted in the unemployment number): 274,000.

5) Employment-population ratio (for those age 16 years and over): 63.4%

6) The Zillow U.S. Home Value Index was over $190,000.

What do we have now, after five and three-quarters years of majority Democrat control of Washington, D.C.?

1) Fiscal Year deficits averaging $1,158 Billion ($1.158 TRILLION) each year for the last five Fiscal Years. That’s nearly a Trillion dollars MORE than the FY 2007 deficit. Democrats have accumulated more in deficits in 5 years than we would have accumulated in 36 years of FY 2007 deficits.

2) Current Total National Debt over $16.1 Trillion (http://www.treasurydirect.gov/NP/BPDLogin?application=np )

3) Unemployment 8.1% (http://data.bls.gov/timeseries/LNS14000000)

{splitting into 2 comments, due to number of links}

ITguy on October 4, 2012 at 1:45 PM

{continued}

4) “Discouraged Workers” (not counted in the unemployment number): 844,000 (http://data.bls.gov/timeseries/LNU05026645)

5) Employment-population ratio (for those age 16 years and over): 58.3% (http://data.bls.gov/timeseries/LNS12300000)

6) The Zillow U.S. Home Value Index is under $150,000 (http://www.zillow.com/blog/research/files/2012/02/Figure2.jpg)

ITguy on October 4, 2012 at 1:46 PM

The middle class has been Barried along with the rest of the country.

Chip on October 4, 2012 at 1:09 PM

What was that quote from Nikita Khrushchev?

We will Barry you!

ITguy on October 4, 2012 at 1:14 PM

Yup!

Chip on October 4, 2012 at 1:47 PM

Barry crapped an entire squid last night, right on stage.

SparkPlug on October 4, 2012 at 1:54 PM

I’ve looked into the problem, and I’ve discovered a new disorder.

Troll Disphoria Disorder, or, TDD, as we know it in the new Troll research manuals.

thatsafactjack on October 4, 2012 at 1:30 PM

thatsafactjack:Lol:)

canopfor on October 4, 2012 at 2:01 PM

Mitt Romney lied during the debate, too. When he said, in the beginning, that he knows Obama would rather be celebrating with Michelle, he had those lights dancing in his eyes that screamed “Yeah I know, like hell you would.”

Archivarix on October 4, 2012 at 2:01 PM

thatsafactjack on October 4, 2012 at 1:30 PM

hahaha. Loved it.

This disorder may be connected to any revelation or event that causes a similar quietude and reticence to engage in the normal troll like activities.

Priceless. (:

Add this to your manual on Trolls: The Toll becomes listless, disinterested, and engages in self mutilation.

–From The Mayo Troll Clinic

SparkPlug on October 4, 2012 at 2:06 PM

thatsafactjack:Lol:)

canopfor on October 4, 2012 at 2:01 PM

Jackie is way funny and a good writer. I’m want to marry her. Just waiting for the right time to pop the question. (:

SparkPlug on October 4, 2012 at 2:08 PM

“Would be nice to obtain crowd sizes and photos from this morning in Denver (BO) and tonight in Virginia (RR)

I believe the MSM is covering up a significant drop in Obama crowds relative to 2008.

matthew8787 on October 4, 2012 at 1:01 PM”

Heard on the news Obama drew about 12,000 in Denver.

So Obama gets two campaign stops (CO and WI) in while Romney only can do one?

That’s what I mean by being a lazy campaigner.

gumbyandpokey on October 4, 2012 at 2:10 PM

Wonder how Obama’s approval is doing in Gallup today?

gumbyandpokey on October 4, 2012 at 2:10 PM

Who buried the middle class?

…the empty chairs did!

KOOLAID2 on October 4, 2012 at 2:12 PM

On my local talk radio station, top-of-the-hour news is from CBS. The jobs report, that new unemployment applications rose by 4,000, was considered no change from the previous week, 4,000 being nothing but “statistical noise”. Next, the GDP trend was +0.3% for the month. This was called good news, since “any increase during the current economic stagnation is a positive”.

In other words, it’s a very good shade of very bad. And that’s the best spin that a major network could put on it the morning after the President’s shellacking by Romney.

Freelancer on October 4, 2012 at 2:13 PM

Big Bird at PBS is indignant.

Schadenfreude on October 4, 2012 at 2:38 PM

Any strategy that relies on Joe Biden to win an intellectual exercise is already doomed to failure

I’m looking forward to this debate. I even have my popcorn ready.

Maybe Joey can spend all his time telling us how intelligent he is.

GarandFan on October 4, 2012 at 2:38 PM

Reuters is spinning the manufacturing drop as being primarily in the airplane and auto industries, noting that taking those numbers out leaves an 0.7% increase instead.

Naturally they never mention that most of the manufacturing gains the last two years have been in those industries anyway, or that a few big jet orders can carry the numbers for months, or that maybe GM isn’t doing so darned well after the Obama takeover.

Tomorrow’s jobs numbers are almost certain to be cooked and will have to be revised well downward later. I can’t see Labor issuing anything but a Morning in America report for Dear Leader this close to the election.

Adjoran on October 4, 2012 at 2:45 PM

SparkPlug on October 4, 2012 at 2:06 PM

Made laugh, Spark!

I’ve duly noted your ‘Mayo Troll Clinic’ observation and symptom notation and have entered it in the manual and accredited the entry to you. :)

thatsafactjack on October 4, 2012 at 2:46 PM

BRUSSELS (Reuters) – President Barack Obama’s lackluster performance in the first U.S. election debate provoked uneasiness in European capitals on Thursday, where hopes are mostly, if unofficially, pinned on his securing a second term.

PappyD61 on October 4, 2012 at 1:15 PM

Especially when Romney said that he didn’t want the United States to become like Spain.

Steve Z on October 4, 2012 at 2:48 PM

Sorry.. ME laugh! Not just ‘made laugh’! I was actually laughing too hard to notice the omission! lol!

thatsafactjack on October 4, 2012 at 2:48 PM

Mitt Romney lied during the debate, too. When he said, in the beginning, that he knows Obama would rather be celebrating with Michelle, he had those lights dancing in his eyes that screamed “Yeah I know, like hell you would.”

Archivarix on October 4, 2012 at 2:01 PM

I am sure that Moochelle also was forced to miss some dinner party somewhere.

riddick on October 4, 2012 at 3:06 PM

I’m really hoping that under pressure Biden has one of his “Grandpa Simpson” moments and goes off on some bizarre rant. The comedic potential next week is huge.

Hayabusa on October 4, 2012 at 1:17 PM

I’m hoping he’ll once again talk about recently eating at Katie’s Restaurant in Wilmington … the restaurant that went out of business 15 years ago.

http://hotair.com/archives/2008/10/03/you-can-find-anything-you-want-except-katies-restaurant/

Nicole Coulter on October 4, 2012 at 3:12 PM

Biden at debate:

“I have people skills; I am good at dealing with people. Can’t you understand that? What the hell is wrong with you people? “

Marcola on October 4, 2012 at 3:44 PM

Biden at debate:

“I have people skills; I am good at dealing with people. Can’t you understand that? What the hell is wrong with you people? “

Marcola on October 4, 2012 at 3:44 PM

If he can do tnis in an Indian accent, I think it’s game over :)…guess bama can teach him a thing or two about accents…

jimver on October 4, 2012 at 3:49 PM

Kind of OT, but the big Zero kept making accusations that Romney wanted to give “the rich” $5 trillion in tax breaks. Has anyone calculated how much per “rich person” that would be? It’s got to be a ridiculously large number. So ridiculous that even someone who can’t do math would have to question.

COgirl on October 4, 2012 at 4:26 PM

What was that quote from Nikita Khrushchev?

We will Barry you!

Heh!

ITguy on October 5, 2012 at 9:51 AM