Governor Romney’s presidential election campaign is in disarray, and polls show President Obama with a small lead in the popular vote nationwide and the key swing states. But economist Robert Reich, an Obama supporter, says it’s too soon to count Romney out. Here’s why.
1. Between now and Election Day come two jobs reports from the Bureau of Labor Statistics – October 5 and November 2. If they’re as bad as the last report, showing only 96,000 jobs added in August (125,000 are needed just to keep up with population growth) and the lowest percentage of employed adults since 1981, Romney’s claim the economy is off track becomes more credible, and Obama’s that it’s on the mend harder to defend.
With gas prices rising, corporate profits shrinking, most of Europe in recession, Japan still a basket case, and the Chinese economy slowing, the upcoming job reports are unlikely to be…
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