Video: Lowering expectations for Friday’s jobs report?

posted at 11:21 am on October 29, 2012 by Ed Morrissey

NRO’s Eliana Johnson picked up on an interesting moment during yesterday’s This Week on ABC.  George Stephanopoulos asked former Obama administration economist Austan Goolsbee about the political impact of the jobs report coming up this Friday, just four days before most voters cast their ballots.  Goolsbee notes that only “unbelievable outliers … crack through the shell” of the electorate’s consciousness for a single-month’s report.  Goolsbee then admits that last month’s jobs report was “artificially too optimistic” — an “unbelievable outlier,” in other words.

So why admit that now?  Well, that “unbelievable outlier” is likely to get corrected in this month’s household survey, and that will drive the jobless rate up.  Goolsbee argues, in other words, that a jump in the jobless rate won’t impact voter psyche because voters already know the economy is improving regardless of these “unbelievable outliers”:

I think it might be Goolsbee that’s being artificially too optimistic here.  Polls show that voters don’t believe that the economy has improved significantly, even after that one-month outlier last month.  Mitt Romney has now taken a solid lead on economic issues in every poll, a move that occurred after that too-optimistic report for September.  A more negative report for October might end up reinforcing that conviction that we are heading in the wrong direction, especially if the correction puts the jobless rate back above 8%.

The Obama campaign seems pretty worried about that, too, and it’s not surprising that they have surrogates out trying to lower expectations before the jobs report lands on Friday morning.


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If it is really bad for them, can they postpone it due to the weather?

txmomof6 on October 29, 2012 at 11:22 AM

Too little, too late. The preference cascade is well underway.

John the Libertarian on October 29, 2012 at 11:23 AM

Don’t believe your own eyes
Don’t believe your own ears
Don’t believe your empty wallet
Don’t believe the $3.89 gallon of gas
Don’t believe our property tax bill

Just believe Obama.

portlandon on October 29, 2012 at 11:23 AM

Every job added is another vote for Obama. This is why Romney want’s the economy to dive in spite of the looming green shoots.

akaniku on October 29, 2012 at 11:24 AM

If it is really bad for them, can they postpone it due to the weather?

txmomof6 on October 29, 2012 at 11:22 AM

Well if the power goes out for even 30 minutes somewhere on the East Coast..you can guarantee it will be delayed due to “incomplete” data.

HumpBot Salvation on October 29, 2012 at 11:25 AM

The number didn’t make any sense in the first place, so a change upward will just confirm what a lot of people were thinking.

Speaking of numbers. . . gas prices here in the Twin Cities have been dropping like a shot in the past week. We’ve gone down from about $3.50 last week to $3.17 this week. Anyone seeing anything similar elsewhere?

Mr. D on October 29, 2012 at 11:25 AM

Expect the results to be ………..unexpected!

pilamaye on October 29, 2012 at 11:27 AM

The spin out of liberals and specifically, this administration, makes my head hurt.

hawkdriver on October 29, 2012 at 11:28 AM

Every job added is another vote for Obama. This is why Romney want’s the economy to dive in spite of the looming green shoots.

akaniku on October 29, 2012 at 11:24 AM

LOL – More than any troll, this guy recycles old talking points. “Green shoots”? Really, you’re still going with that?

strictnein on October 29, 2012 at 11:28 AM

If it is really bad for them, can they postpone it due to the weather?

txmomof6 on October 29, 2012 at 11:22 AM

Well if the power goes out for even 30 minutes somewhere on the East Coast..you can guarantee it will be delayed due to “incomplete” data.

HumpBot Salvation on October 29, 2012 at 11:25 AM

Yup. We’ve already closed schools today and tomorrow in anticipation of outages, flooding, downed trees, bridge and road closures.

Laura in Maryland on October 29, 2012 at 11:28 AM

A vast vast number of American’s knew from the get go that that krap of a jobs report last month was NOT TRUE! bho/team had it go down so for one month bho would look as if he actually did something?
L

letget on October 29, 2012 at 11:29 AM

Green shoots”?

More like green snot…

sandee on October 29, 2012 at 11:30 AM

Will it be bad since there are all these seasonal jobs coming up?

mrscullen on October 29, 2012 at 11:30 AM

What is it the Obama campaign always says? “It’s just math”.

Tater Salad on October 29, 2012 at 11:30 AM

“The Perfect Storm”
“The Perfect Storm”

How many times have you heard this on TV just because it’s headed to the East Coast and was a famous book/movie? I’d say the Perfect Storm for Ship Obama is Benghazi, the Jobs Number, and “Bull-Shi–er” all the week before election day.

Marcus on October 29, 2012 at 11:30 AM

So why admit that now? Well, that “unbelievable outlier” is likely to get corrected in this month’s household survey, and that will drive the jobless rate up.

Said this on day one of last month’s ridiculous report – that it would only hurt the President in November when the report indicated an increase in unemployment.

Red Cloud on October 29, 2012 at 11:30 AM

What you want to bet that the job report, if it’s bad, will be delayed because of the “Frankenstorm” and won’t be released until the following Friday, after the election?

TXUS on October 29, 2012 at 11:30 AM

Polls show that voters don’t believe that the economy has improved significantly, even after that one-month outlier last month.

Its hard to convince people they are eating steak when they are eating a shyt sandwich!

kcd on October 29, 2012 at 11:31 AM

Just believe Obama.

portlandon on October 29, 2012 at 11:23 AM

“How well Your Majesty’s new clothes look. Aren’t they becoming!” He heard on all sides, “That pattern, so perfect! Those colors, so suitable! It is a magnificent outfit.”

happytobehere on October 29, 2012 at 11:31 AM

If that rate moves up at all, good night Barry.

You can’t argue “we’re on the right track” with an uptick.

We’ll know by his campaign schedule.

If Sandy ties him to the White House through Wednesday, then it’s ovah.

It will give his peeps the ultimate excuse for losing OH.

“Obama was doing his job! He couldn’t campaign 24/7 like RMoney!!!

budfox on October 29, 2012 at 11:31 AM

Every job added is another vote for Obama. This is why Romney want’s the economy to dive in spite of the looming green shoots.

akaniku on October 29, 2012 at 11:24 AM

Uhhhhh, when the unemployed teacher who has $26,000 in student loans, gets one of these new Obama jobs it usually involves the phrase “Do you want fries with that?”

That job doesn’t help Obama.

portlandon on October 29, 2012 at 11:32 AM

Eh, no problem. Just omit California from the report and it’ll look great.

Doughboy on October 29, 2012 at 11:32 AM

the jobs situation has been severly impacted by

1) frankenstorm
2) lack of funny opening dialog on snl
3) non tsunamic Canadian earthquake
4) giants 4 win sweep
5) sprawly explosion of crickets invading newscaster’s studios eating up every benghazi story in sight
6) tremors of 500 trillion dollar tax cuts
7) youth staying home, enthralled with their first time Obamanesgue
8) big bird, oscar, elmo and cookie monster

audiotom on October 29, 2012 at 11:32 AM

LOL – More than any troll, this guy recycles old talking points. “Green shoots”? Really, you’re still going with that?

strictnein on October 29, 2012 at 11:28 AM

Puh-lease.

It takes more than a few bad crop seasons for a few green shoots to grow into a dense, vibrant jungle.

Patience.

akaniku on October 29, 2012 at 11:34 AM

Call me greedy, but I want PA, MN, WI, NV, MI, IA, and maybe NM, Can you imagine the MSM spin if that were to happen?

Tater Salad on October 29, 2012 at 11:34 AM

Every job added is another vote for Obama. This is why Romney want’s the economy to dive in spite of the looming green shoots.

akaniku on October 29, 2012 at 11:24 AM

Really? And your evidence of this is what, exactly? You believe that every person who gets hired will automatically a) assume Obama was the cause and b) vote for Obama?

That’s silly. I suppose, by your logic, you have to admit that Obama is responsible for every out of work person and that they will all vote against Obama.

Monkeytoe on October 29, 2012 at 11:35 AM

The spin out of liberals and specifically, this administration, makes my head hurt.

hawkdriver on October 29, 2012 at 11:28 AM

Me too! Like Regan, in the exorcist! (it also makes me want to puke green pea soup)

kcd on October 29, 2012 at 11:35 AM

This is why Romney want’s the economy to dive in spite of the looming green shoots.

akaniku on October 29, 2012 at 11:24 AM

So these “looming green shoots”, I find them them in the perennials section at an Obama gardening store right?

jarodea on October 29, 2012 at 11:35 AM

Not above 8% Ed. 8% or above will be disastrous for the the president’s re-election.

GreenBlade on October 29, 2012 at 11:36 AM

This Goolsbee guy talks within the realm of reality at times. Probably why he isn’t with the Regime anymore.

They are going to make up a number for political gain. The reality of the situation has nothing to do with it Mr. Goolsbee.

forest on October 29, 2012 at 11:36 AM

No worries WonderBoy to the rescue ….. http://blogs.wsj.com/washwire/2012/10/29/obama-suggests-secretary-of-business-in-a-second-term/

pambi on October 29, 2012 at 11:36 AM

Call me greedy, but I want PA, MN, WI, NV, MI, IA, and maybe NM, Can you imagine the MSM spin if that were to happen?

Tater Salad on October 29, 2012 at 11:34 AM

they stole the election

audiotom on October 29, 2012 at 11:37 AM

akaniku on October 29, 2012 at 11:24 AM

The vast majority of Obama’s 4.2 Mil jobs have been part-time work for people 55+.

And as every poll shows, they’re voting for Romney.

So, go back to smoking your bowl.

budfox on October 29, 2012 at 11:37 AM

At this point, Barky and Axleturf will do anything, anything, to keep that number from ticking up.

Including impeachable crimes.

Bat Chain Puller on October 29, 2012 at 11:37 AM

************* ALERT *****************

Live Feed

Video: Romney speaks in Ohio

http://www.breakingnews.com/

canopfor on October 29, 2012 at 11:36 AM

canopfor on October 29, 2012 at 11:37 AM

Uhhhhh, when the unemployed teacher who has $26,000 in student loans, gets one of these new Obama jobs it usually involves the phrase “Do you want fries with that?”

That job doesn’t help Obama.

portlandon on October 29, 2012 at 11:32 AM

Either that or it’s a part-time or temp job. Regular full-time jobs have declined markedly since 2009, and have barely recovered in the last couple years. Almost all the job growth has been part-time, temp, or low paying full-time.

I know I know, good paying full-time jobs are such a throwback to the 50′s to the new Obamaman. So old fashion, so not cool and hip with the times.

jarodea on October 29, 2012 at 11:38 AM

I’m blaming the jobs report on a YouTube video.

Sgt Steve on October 29, 2012 at 11:38 AM

audiotom on October 29, 2012 at 11:32 AM

Put all of that in a BINDER please!

kcd on October 29, 2012 at 11:38 AM

Every job added is another vote for Obama. This is why Romney want’s the economy to dive in spite of the looming green shoots.

akaniku on October 29, 2012 at 11:24 AM

Let me set you straight with some facts.

Let’s look at which party controlled a majority (2+ out of 3) of the House, Senate, and Presidency.

The balance of power did not shift on January 20, 2009.

The balance of power shifted on January 3, 2007, when Democrats took control of the House and Senate.

And those Democrats, including new Speaker of the House Nancy Pelosi along with Senators Reid, Obama, Biden, Clinton, etc., inherited a RECOVERY, not a recession, from the outgoing Repubican majority.

Bush inherited the Dot Com bust and then got hit with the 9/11/2001 attacks. Both of those hurt our economy. Employment was going down (unemployment going up), revenues going down (less payroll tax revenue), expenditures going up (more unemployment benefits to pay, plus the cost of 2 wars), and deficits were going up.

After the passage of the 2003 Bush Tax Cuts, employment turned around and went up (unemployment went down), revenues went up (by FY 2007, revenues were 44% larger than in FY 2003), expenditures were going down (less unemployment benefits to pay), and deficits were going down.

The last budget passed by a Republican House, Republican Senate, and Republican Senate was in 2006 for Fiscal Year 2007, and it produced a deficit under $161 Billion. In that budget, Bush and a Republican Congress produced a smaller annual deficit than Bill Clinton ever produced with a Democrat Congress. (It was not until Clinton had a Republican Congress that we had a budget surplus).

Democrats inherited a good economy on January 3, 2007. Unemployment in December 2006 was 4.4%. The budget deficit they inherited was less than $161 Billion.

Democrats then tripled the annual deficit in FY 2008. And they tripled it AGAIN in FY 2009. We have now had four straight fiscal years with deficits over $1 Trillion ($1,000 Billion).

It’s not Republicans who drove the economy into the ditch. Republicans produced a recovery in 2004-2006, and the Democrats who inherited that (including Obama, Biden, and Clinton) blew it.

ITguy on October 29, 2012 at 11:39 AM

If it is really bad for them, can they postpone it due to the weather?

txmomof6 on October 29, 2012 at 11:22 AM

I read a tweet a little while ago from I the WSJ IIRC, that there is a possibility it will be postponed.

Flora Duh on October 29, 2012 at 11:39 AM

Tater Salad on October 29, 2012 at 11:34 AM

if it doesn’t include racist nation or voter suppression I’ll help hawkdriver eat that hat…

DanMan on October 29, 2012 at 11:41 AM

OT: sea levels… not lowered

Looks like New Jersey will go to Romney after all.

happytobehere on October 29, 2012 at 11:44 AM

If it is really bad for them, can they postpone it due to the weather?

txmomof6 on October 29, 2012 at 11:22 AM

“We will need a complete investigation to determine if these numbers are correct, should take us a couple of weeks”
*obambi spokesliar

VegasRick on October 29, 2012 at 11:45 AM

************* ALERT *****************

Live Feed

Video: Romney speaks in Ohio

http://www.breakingnews.com/

canopfor on October 29, 2012 at 11:36 AM

It wont come up for me:(

kcd on October 29, 2012 at 11:45 AM

Unemployment number release may be delayed until after the election.

http://blogs.wsj.com/economics/2012/10/29/labor-department-may-delay-jobs-report/

BS.

Chomsky Dance Recital on October 29, 2012 at 11:45 AM

Every job added is another vote for Obama. This is why Romney want’s the economy to dive in spite of the looming green shoots.

akaniku on October 29, 2012 at 11:24 AM

Not when it’s only part-time. Libs have such a hard time with basic ideas. My neighbor was a manager for a company that had to close the area location. He made $70,000/yr. Now he is stuck working a part-time job at $10.50 to keep from losing his home. He voted from Obama in 2008. He sure as hell is not voting for Obama in 2012. As he says, “this guy has no idea what to do.”

goflyers on October 29, 2012 at 11:46 AM

The October Surprise must premier on Friday

faraway on October 29, 2012 at 11:47 AM

The Obama campaign seems pretty worried about that, too, and it’s not surprising that they have surrogates out trying to lower expectations before the jobs report lands on Friday morning.

Yeah and this could be rope a dope, too. We do know that whatever they report will get “corrected” er “modified” um “updated” or something, some time later.

dogsoldier on October 29, 2012 at 11:47 AM

Unemployment number release may be delayed until after the election.

http://blogs.wsj.com/economics/2012/10/29/labor-department-may-delay-jobs-report/

BS.

Chomsky Dance Recital on October 29, 2012 at 11:45 AM

I just saw that on Drudge. You’ve gotta be kidding me. Would they rather have the media talk about a lousy jobs report on Friday(assuming it even is a lousy report) or the labor dept burying the report 4 days before a Presidential election?

Doughboy on October 29, 2012 at 11:48 AM

Unemployment number release may be delayed until after the election.

http://blogs.wsj.com/economics/2012/10/29/labor-department-may-delay-jobs-report/

BS.

Chomsky Dance Recital on October 29, 2012 at 11:45 AM

lol

Wont help him. That looks like pathetic maneuvering.

Valkyriepundit on October 29, 2012 at 11:49 AM

BS.

Chomsky Dance Recital on October 29, 2012 at 11:45 AM

Now that is unprecedented. Suppose a republican administration suggested that?

dogsoldier on October 29, 2012 at 11:49 AM

ITguy on October 29, 2012 at 11:39 AM

this is very insightful truths that I have been puzzled that Romney and company haven’t pushed harder. I guess it’s hard to do that as Bush would be seen for his true effectiveness

Add to that the Clinton/Frank/Fanny and Freddie underlying responsibility for the housing crisis
and Bush’s bowing to Nancy and it’s so obvious the dems brought our country down not the fail policies of the past

this 5 trillion tax cut is really a viable economy that leads to federal revenue increases – that’s how an economy works
the dems can’t balance anything unless they are trying to trip up Romney

audiotom on October 29, 2012 at 11:49 AM

OT, but just heard that WonderBoy, ‘this cannot be my Katrina !!!!’, is expected to give a statement / Sally update in about an hour. Via FNC.

pambi on October 29, 2012 at 11:51 AM

I want the jobs report to approach accurately reflecting how bad things are going. So I’m hoping for a report of 8% or higher because that’s what it is at a minimum.

But with that 8% or higher figure, many of those who haven’t voted and who are still on the fence post will finally decide to flush the Obama turd.

BuckeyeSam on October 29, 2012 at 11:51 AM

LOL – More than any troll, this guy recycles old talking points. “Green shoots”? Really, you’re still going with that?

strictnein on October 29, 2012 at 11:28 AM

akaniku is a she, she said it somewhere. Like other Julias, she also looks like something that loves riding on the roof a station wagon.

bayview on October 29, 2012 at 11:51 AM

Call me greedy, but I want PA, MN, WI, NV, MI, IA, and maybe NM, Can you imagine the MSM spin if that were to happen?

Tater Salad on October 29, 2012 at 11:34 AM

they stole the election

audiotom on October 29, 2012 at 11:37 AM

You are speaking of professional journalism audiotom, the epitome of objectivity and truth seeking and dissemination. Surely you wouldn’t think they would ever pass such biased and unfair partisan judgment on the GOP?

Don L on October 29, 2012 at 11:51 AM

I hope Mitt has a strong heart. God only knows what he will learn when he takes over the WH. I also worry about him on the campaign trail.I hope he has plenty of security. I would not put it past some of the “unsavory” connections obama has, to try and show Mitt the “chicago way”.

kcd on October 29, 2012 at 11:52 AM

Call me greedy, but I want PA, MN, WI, NV, MI, IA, and maybe NM, Can you imagine the MSM spin if that were to happen?

Tater Salad on October 29, 2012 at 11:34 AM

“Romney survives 2012 Election Tattered”

Valkyriepundit on October 29, 2012 at 11:54 AM

If it is really bad for them, can they postpone it due to the weather?

txmomof6 on October 29, 2012 at 11:22 AM

It’s a possibility. Nonessential federal employees are on administrative leave today. It probably takes at least two days to process the data. If the Feds are out tomorrow, then they might have to delay it to Monday. However, if they’re back at work tomorrow, then I would expect it out on its regular schedule.

ghostwriter on October 29, 2012 at 11:54 AM

It will be delayed until next week because all of DC has been closed. Everyone non-essential has been sent home.

Johnnyreb on October 29, 2012 at 11:54 AM

Every job added is another vote for Obama. This is why Romney want’s the economy to dive in spite of the looming green shoots.

akaniku on October 29, 2012 at 11:24 AM

2008 is calling, they want their BS talking points back.

Just because you cut the grass from the private sector doesn’t mean you can take those clippings drop them on some dirt and call it a healthy yard.

Zooid on October 29, 2012 at 11:55 AM

I just saw that on Drudge. You’ve gotta be kidding me. Would they rather have the media talk about a lousy jobs report on Friday(assuming it even is a lousy report) or the labor dept burying the report 4 days before a Presidential election?

Doughboy on October 29, 2012 at 11:48 AM

Who would know they buried the report? The MSM will be too busy applauding BO for lowering the levels of the ocean as he personally runs Sandy out of town.

Chomsky Dance Recital on October 29, 2012 at 11:55 AM

OT, but just heard that WonderBoy, ‘this cannot be my Katrina !!!!’, is expected to give a statement / Sally update in about an hour. Via FNC.

pambi on October 29, 2012 at 11:51 AM

Exactly………..all for political show.

CoffeeLover on October 29, 2012 at 11:55 AM

It takes more than a few bad crop seasons for a few green shoots to grow into a dense, vibrant jungle.

Patience.

akaniku on October 29, 2012 at 11:34 AM

You obviously don’t know crap about farming. If you’re predicting a jungle based on a few shoots, it’s probably because they’re nothing but WEEDS!

dominigan on October 29, 2012 at 11:56 AM

Every job added is another vote for Obama. This is why Romney want’s the economy to dive in spite of the looming green shoots.

akaniku on October 29, 2012 at 11:24 AM

Congrats. This is the stupidest thing that I’m likely to see today.

ghostwriter on October 29, 2012 at 11:56 AM

I have had a look at the new jobs report. Unemployment is down to 0.5%. This number came from the entirely independent and impartial BLS.

All Hail Sheikh Hussein.

CorporatePiggy on October 29, 2012 at 11:56 AM

Call me greedy, but I want PA, MN, WI, NV, MI, IA, and maybe NM, Can you imagine the MSM spin if that were to happen?

Tater Salad on October 29, 2012 at 11:34 AM

Yes, that is too greedy, and probably unrealistic, epecially for a state like MN. They have crazies like Ed up there, :-). Funny you are posting it in a thread about lowering expectations.

bayview on October 29, 2012 at 11:57 AM

If it is really bad for them, can they postpone it due to the weather?

txmomof6 on October 29, 2012 at 11:22 AM

If they can, they will.

They will not, however, delay the number of first-time applicants for unemployment. Instead of the usual 385,000, it could be in the sub-300,000 range with the lull in filing during the storm shut-down. THAT number will come out on Thursday, and touted as a success.

iurockhead on October 29, 2012 at 11:57 AM

Every job added is another vote for Obama. This is why Romney want’s[sic] the economy to dive in spite of the looming green shoots.

akaniku on October 29, 2012 at 11:24 AM

Except for the fact that, regardless of what Romney want’s[sic], he hasn’t been the person in a position to shape economic policy.

Now who might that person have been…?

pain train on October 29, 2012 at 11:57 AM

It takes more than a few bad crop seasons for a few green shoots to grow into a dense, vibrant jungle.

Patience.

akaniku on October 29, 2012 at 11:34 AM

I stand corrected. You’ve topped yourself.

ghostwriter on October 29, 2012 at 11:57 AM

OT: Curious, anyone know why North Carolina is not counted for Romney in the RCP electoral map. It was for a long time and the state is still pretty much solid Romney now. Strange.

jazzmo on October 29, 2012 at 12:00 PM

OT: Curious, anyone know why North Carolina is not counted for Romney in the RCP electoral map. It was for a long time and the state is still pretty much solid Romney now. Strange.

jazzmo on October 29, 2012 at 12:00 PM

There must have been a poll that dropped the average of Romney’s lead. It happened a couple days ago. I’m sure that it’s no big deal.

ghostwriter on October 29, 2012 at 12:01 PM

It takes more than a few bad crop seasons for a few green shoots to grow into a dense, vibrant jungle.

Patience.

akaniku on October 29, 2012 at 11:34 AM

Because everyone knows crop farmers create jungles.

CorporatePiggy on October 29, 2012 at 12:02 PM

kicking the can down the road….

ted c on October 29, 2012 at 12:02 PM

Wow….Romney events going dark…in light of the storm….gracious me.

CoffeeLover on October 29, 2012 at 12:02 PM

I want the jobs report to approach accurately reflecting how bad things are going. So I’m hoping for a report of 8% or higher because that’s what it is at a minimum.

But with that 8% or higher figure, many of those who haven’t voted and who are still on the fence post will finally decide to flush the Obama turd.

BuckeyeSam on October 29, 2012 at 11:51 AM

I think that the problems run well beyond one report at this stage. I can’t imagine that it would make much of a difference either way.

ghostwriter on October 29, 2012 at 12:03 PM

Unemployment number release may be delayed until after the election.

http://blogs.wsj.com/economics/2012/10/29/labor-department-may-delay-jobs-report/

BS.

Chomsky Dance Recital on October 29, 2012 at 11:45 AM

That’s BS

gophergirl on October 29, 2012 at 12:06 PM

Delaying the release would be a pr disaster for Obama. The entire Romney team could be out touting how they have heard from those in the know how bad the numbers would be and that the Obama administration was simply hiding the number in a political move. There could be no response from the Obama campaign to refute the allegation effectively because it would be obvious to all.

Ellis on October 29, 2012 at 12:07 PM

In fairness to Goolsbe, he said the last unemployment report was an outlier the day it was released and that he expected thus report upcoming would reflect a retrenchment in the unemployment rate.

MTF on October 29, 2012 at 12:16 PM

akaniku on October 29, 2012 at 11:24 AM

So, go back to smoking your bowl.

budfox on October 29, 2012 at 11:37 AM

So, go back to smoking circling your bowl.

Tsar of Earth on October 29, 2012 at 12:24 PM

Every job added is another vote for Obama. This is why Romney want’s the economy to dive in spite of the looming green shoots.

akaniku on October 29, 2012 at 11:24 AM

Fake troll.

The Rogue Tomato on October 29, 2012 at 12:26 PM

Don’t believe your own eyes
Don’t believe your own ears
Don’t believe your empty wallet
Don’t believe the $3.89 gallon of gas
Don’t believe our property tax bill

Just believe Obama.

portlandon on October 29, 2012 at 11:23 AM

-
A+
Pretty much sums it up…
-

RalphyBoy on October 29, 2012 at 12:26 PM

Wait – the Reports have been horrible every month since February 2009, forty four bad reports, and the very last one to be issued days before the election is what is going to be the thing that helps voters’ make their decision?

Small ball, indeed.

juanito on October 29, 2012 at 12:29 PM

…these people and the media are just unfluken believable!

KOOLAID2 on October 29, 2012 at 12:29 PM

ITguy on October 29, 2012 at 11:39 AM

Zooid on October 29, 2012 at 11:55 AM

Big Oil V. Snake Oil

My economics consultant goes nuts on the comments which are passed off as reasonable conclusions on economic policy in the media and Austan Goolsbee is an example of the lower quality in the genre. Not as bad as the NYT but close.

Fox features this guy frequently and often allows him to offer his nonsense without any challenge.

Half of the posters on threads like this one could do a day’s research and offer better analysis and courses of action that he selects.

The proof of his folly is the disaster we have in our economy right now. “Right Now”, of course, is three years after President Obama took control. And the green jobs, social programs and top to bottom failures in the economy are so bad that every citizen sees it and knows that something isn’t right.

Of course, we have our POTUS placing blame on “Wall Street” when the desperation to invest in an economy not totally poisoned by socialism, or just coming to their own like the BRICK nations, is the only thing keeping the morons running the country from supervising a ‘third world’ type mess.

I would love it if someone could ask Austam where he intends to find a captive industry or a nation like Germany to bail us out after the bill for the “investments” and “regulations” and “human rights” of his bosses comes in.

We have too many differences with China and one day they will act like a loan shark.

Maybe it is to be found in all those energy jobs which came up like weeds in a garden, despite the best efforts of the current administration.

IlikedAUH2O on October 29, 2012 at 12:30 PM

I would love it if someone could ask Austam where he intends to find a captive industry …

Energy companies. Heard it today on my local pacifica broadcast. The new push is to isolate energy firms like was done to companies that did business in S. Africa 25 years ago. “Exxxon has enough carbon inventory to cause 2 degrees of temperature rise” and other such rot was being discussed. They are still counting on carbon swaps, climate change concerns and other schemes to balance the global disparities they whine about.

That Noam Chomsky guy is a hoot.

DanMan on October 29, 2012 at 12:41 PM

“we simply CANNOT go backwards to the middle-class/business strangling policies of the past 4 years!!!!
Bite Me

Strike Hornet on October 29, 2012 at 1:02 PM

Speaking of numbers. . . gas prices here in the Twin Cities have been dropping like a shot in the past week. We’ve gone down from about $3.50 last week to $3.17 this week. Anyone seeing anything similar elsewhere?

Yes. Here in St. Louis the price is around $3.08. Two weeks ago it was in the $3.40 range.

RobertE on October 29, 2012 at 1:07 PM

Lol! They had to cook the numbers so bad they know they’ll look like the Frauds they are, so, don’t give out the numbers! The Moron eSTAB Repubs won’t know what to do and all will be well after Nov.6th. Once again, they’ve outsmarted the eSTAB repubs and all they can do is look like whiny idiots! Way to go Rove & co.
ADDENDUM on How to take on the Obama Jihadi Media & Win: http://paratisiusa.blogspot.com/2012/09/an-open-letter-to-those-who-should-know.html?spref=tw

God Bless America!

paratisi on October 29, 2012 at 1:17 PM

Just like his former boss, Austen Goolsby is an
“unbelievable outed liar”.

Dexter_Alarius on October 29, 2012 at 1:18 PM

Goolsbee has Obama’s back.

Sherman1864 on October 29, 2012 at 1:47 PM

Call me greedy, but I want PA, MN, WI, NV, MI, IA, and maybe NM, Can you imagine the MSM spin if that were to happen?

Tater Salad on October 29, 2012 at 11:34 AM

The only way NV breaks for Hussein is if SEIU rigs the machines here in Vegas area, no way around it. All 3 Congress candidates (1 Senate and 2 House) are safely in leads, anywhere from 5 to 11% depending on seat, and yet news media somehow thinks same people will then vote for Hussein. Its all based on lies, lies and more lies in hopes that people will believe this crap and won’t vote.

Yesterday paid more attention to cars around us, a good number are either current or ex military judging by stickers and license plates and I just can’t imagine how any of them can vote Hussein after Benghazi no matter their prior political affiliation before.

riddick on October 29, 2012 at 1:50 PM

Lowered all the way to the following friday…after the election.

Thank you Ministry of Truth.

tom daschle concerned on October 29, 2012 at 2:59 PM

No problem here. My expectations were lowered beginning in November, 2008. Pretty much in the toilet since.

sdbatboy on October 29, 2012 at 3:14 PM

I’ve argued for many years that Goolsbee is nothing but a blowhard. Well, Obama gave him his big shot at policy and he screwed the pooch.

Only a campaign operative like Steffi would invite Goolsbee on as an economic expert. It’s absurd.

Adjoran on October 29, 2012 at 3:51 PM

Let’s see, last week a decrease in unemployment of 3% causing the Obama Admin to cheer. Then we found out that CA had not reported data. What data has not been reported, but one wonders. And now a delay in this week’s report. Funny that!

amr on October 29, 2012 at 6:04 PM

Every job added is another vote for Obama. This is why Romney want’s the economy to dive in spite of the looming green shoots.

akaniku on October 29, 2012 at 11:24 AM

Looming green shoots? They’ve been looming for FOUR FREAKING YEARS! This nation can’t stand another recovery summer, thank you.

MJBrutus on October 29, 2012 at 10:09 PM

Call me greedy, but I want PA, MN, WI, NV, MI, IA, and maybe NM, Can you imagine the MSM spin if that were to happen?

Tater Salad on October 29, 2012 at 11:34 AM

Greedy.

MN, NM, and NV are probably not going to happen. PA … maybe. But it is hard to grasp the level of ghetto and union corruption in Philly.

Jaibones on October 29, 2012 at 10:27 PM

This is why Romney want’s the economy to dive in spite of the looming green shoots.

akaniku on October 29, 2012 at 11:24 AM

Another union-educated public school illiterate.

Jaibones on October 29, 2012 at 10:29 PM