Free Markets, Free People
It must be true. None other than Politico has noticed:
A crabby, negative campaign that has been more about misleading and marginal controversies than the major challenges facing the country? Barack Obama and Mitt Romney can both claim parenthood of this ugly child.
But there is a particular category of the 2012 race to the low road in which the two sides are not competing on equal terms: Obama and his top campaign aides have engaged far more frequently in character attacks and personal insults than the Romney campaign.
Nice to see Obama has “changed politics as we know it”.
Another promise abandoned.
The following US economic statistics were announced today:
Initial jobless claims fell sharply last week, down 12,000 to 365,000. The 4-week average rose to 371,250, however. Continuing claims fell 6000to 3.322 million.
ADP private payroll employment rose well above expectations to 201,000 in August, following a revised 173,000 total for July. This bodes well for tomorrow’s Employment Situation report.
The composite index from the ISM non-manufacturing survey for August rose 1.1 points to 53.7.
The Bloomberg Consumer Comfort Index fell rose slightly to -46.5.
The Challenger Job-Cut Report shows a total of 32,239 layoffs for August, the second lowest of the recovery.