Slugger O'Toole

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US Presidential debate songified…

Fri 5 October 2012, 2:34pm

Cool video, but when you are done watching that, for US watchers, here’s the first post debate poll for Reuters… which is some of what we’ll be talking about on our Late Night panel tonight. Yes, it starts at 11pm Irish/UK time so we can bring together people from across America.

No real damage done to Obama, but some dramatic rises in Romney’s rating on things like Medicare.. A sign perhaps that the Dem’s negative campaigning attempt to demonise the GOP candidate is wearing off remarkably quickly?

If you want to come along, join in or just watch why not book yourself a place on the event page at Google Plus?

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Comments (11)

  1. The real song-and-dance should be about this:

    The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years and giving President Barack Obama a potential boost with the election a month away.

    The rate declined from 8.1 percent because the number of people who said they were employed soared by 873,000 – an encouraging sign for an economy that’s been struggling to create enough jobs.

    The number of unemployed Americans is now 12.1 million, the fewest since January 2009.

    The Labor Department said employers added 114,000 jobs in September. It also said the economy created 86,000 more jobs in July and August than the department had initially estimated.

    Wages rose in September. And more people started looking for work.

    [Agency report, seen in Miami Herald.]

    Phew!

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  2. salgado (profile) says:

    Malcolm – and the Employment Figure Truther movement has already started! (I know how much people on here seem to like conspiracies)

    ” The leader of the “job truther” movement: former GE CEO Jack Welch.
    “Unbelievable jobs numbers..these Chicago guys will do anything..can’t debate so change numbers,” he said on Twitter.

    He had some friends in Congress too. Rep. Allen West (R-FL) tweeted “I agree with former GE CEO Jack Welch, Chicago style politics is at work here.” He added on Facebook that the jobs report was “Orwellian to say the least and representative of Saul Alinsky tactics from the book ‘Rules for Radicals.’” ”

    http://2012.talkingpointsmemo.com/2012/10/job-truthers-jack-welch-bls.php

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  3. salgado @ 6:00 pm:

    I’d suggest if that is the “Truther” approach, they’re heading precisely the wrong direction.

    If you look at the NY Times comment and analysis, I think you’ll detect a whole string of caveats and err-umms. That magic >8% figure is the one that politically counts, though.

    Part of the “improvement” seems to be previous months have been adjusted upwards (does that sound familiar closer to home?). And, of course, there’s another report due in a month’s time — just before polling day.

    Almost on topic, did everyone see Peter Brookes’s editorial cartoon in today’s Times? While I wholly approve of the message, where it is and the [ahem!] bottom line did raise my eyes, along with a loud laugh. If that doesn’t make sense, try here.

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  4. Alias (profile) says:

    Well done, Obama. Adding $5.2 trillion to the national debt has reduced unemployment by a staggering 0.4% in 3 years. At that rate, he only has to borrow another 101.4 trillion to get it down to zero. But for now those lucky, lucky folks in the newly created mimimum wage jobs can begin the life-long task of paying off Obama’s debt.

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  5. With (minimal) respect, Alias @ 7:22 pm, please stand that one up, so we can revere it.

    You see, I’ve just spent a foul and memorable hour, counselling a bright, if very tearful, in-work graduate. She has just received an official notification that, with proper application, it will only take 350-odd years to repay her student loans. Help me — if not her — here, please. You are obviously so good on debt.

    Just tell us: what went wrong?

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  6. Mick Fealty (profile) says:

    The jobs figures were the largest single increase in 27 years… So you are being an unnecessary nigard with your assessment. Here’s some real criticism of Obama’s interventionism from a particularly well rehearsed member of Romney’s team:

    http://www.hoover.org/news/daily-report/129881

    “…the economic policies pursued by the Obama administration consist mainly of short-term interventions, such as the stimulus packages, cash-for-clunkers, and temporary payments to state governments and individuals. At best, these have produced only small, short-term economic blips.”

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  7. Mick Fealty @ 9:21 am:

    Perish any thought that I should demur from the great Hoover Institution, even though it does prominently wear its self-proclaimed conservative attachment. Even so, the political question that matters is:

    How will that play in Peoria?

    Surely the answer has to be, “Pretty sweetly”.

    I know I need to remind myself that the NY Times has a limited readership outside the Tri-State area, and there are likely (thanks to the wonders of the internet) to be more readers of the Irish Independent in Washington than readers of the Washington Post in Peoria, IL.

    Which brings me back to the Hoover Institution.

    That there is a thriving and profitable US car industry is, at least in large part, down to the Obama administration. The aid to Chrysler and General Motors went well beyond “cash-for-clunkers”. Admittedly, the Bush legacy (agreed days before he left office, and presumably after backstairs discussion with the incoming mob) was $17.6 billion in short-term TARP money. Obama has divvied up a further $80 billion (of which perhaps $23 billion will never be directly recoverable). That didn’t just save GM and Chrysler, it also kept the whole supply-chain in operation. Fords (who received no government money directly) applaud that. Paul Ryan, who now lambasts Obama on the auto-rescue, was to the fore in pressuring GM to take the money, and then grabbing some for his own District.

    As a result, over a million who work in the car industry and the supply chain kept their jobs.

    That’s why Obama is “playing in Peoria” — up 14+ points on Romney (according to the Southern Illinois University poll). Not that Illinois should be seriously in doubt for 20 Obama votes in the electoral college. What is perhaps a bit more telling is that Obama’s coat-tails seem to be towing in Tammy Duckworth for the vacant Senate seat, despite vast expenditure of GOP words and PAC money.

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  8. Alias (profile) says:

    Mick, a rise in GDP is what creates jobs. The BEA measures it quarterly by simple comparison to the previous quarter. Now it doesn’t take a BEA employee with access to HAL to figure out that if the government borrows a trillion and gives it away for others to spend within a short period that some jobs will indeed be created spending it in the periods ahead. Unfortunately, the effect works in reverse when the money is extracted from the economy again in future periods in the form of the extra taxes that are needed to repay the borrowed money along with the interest on it. Therefore, adding to the national debt to fund fiscal stimulus is pure voodoo. It is fraud to buy votes. These should not be measured as jobs created but jobs that will not be created because the government has squandered the wealth that real business and real consumers would otherwise create if the government did not steal their incomes to repay the debt. You’re more than welcome to explain how you think those health care jobs created (which bumped up the figures) will create the wealth to be self-financing but I think you’ll have a hard job doing that…

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  9. Alias (profile) says:

    “…but I think you’ll have a hard job doing that…”

    Or as HAL put it, “Without your space helmet, [Mick], you’re going to find that rather difficult.”

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  10. Alias @ 11:47 am:

    Now tell us what saves jobs. For that has been Topic A every time I’ve been in the States these last four or five years.

    Anyway, on your own hypothesis, you should be rooting for Obama. Despite the World recession (all the fault of Gordon Brown, as the local legend has it), the US GDP has grown every quarter since 2009 Q4. Would that our local “Plan A” proponents could say the same.

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  11. Correction to Malcolm Redfellow @ 11:42 am.

    I see that I conflated two ideas in the last sentence there. A “senior moment”, alas. Apologies due and duly offered to all.

    Tammy Duckworth is the Democratic candidate in the Illinois 6th District. She is currently heads in polling the Republican incumbent Joe Walsh. The money that the “Now or Never” Super-PAC is throwing against her is gobsmacking: $1.7 million – twice Walsh’s own spend, and thrice any other PAC. Since we don’t know who or what “Now or Never” is, I’d be agreeing on this one with Alias @ 11:47 am: It is fraud to buy votes.

    There is, of course, no Illinois Senate seat up for grabs this time round. These hours later, I haven’t a clue what point I was intending to make in that connection (as is too frequently the case).

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