- It’s the economy, stupid! The final jobs report before the election was issued this morning and the presidential campaigns have already incorporated the findings into their talking points even though the report is unlikely to make a difference with just four days remaining. Employers reported adding 171,000 jobs in October, which was better than expected and better than September (148,000). The unemployment rate rose to 7.9 percent, up from 7.8 percent, but the reason behind the increase was that more people counted themselves as looking for work.
- Disaster Politics. Mitt Romney suspended campaigning on Monday and Tuesday, while Barack Obama didn’t return to campaigning until Thursday due to Hurricane Sandy. The hurricane also interrupted early voting efforts in affected states, though not in Ohio. Sandy appears to be benefitting Obama, at least at the margins. According to the latest release of the Washington Post-ABC News tracking poll, President Obama received high marks for his response to Hurricane Sandy. Nearly eight in ten likely voters think the President did an “excellent” or “good job” responding to the disaster. And finally climate disruption has entered the race, thanks to New York Mayor Michael Bloomberg (Independent) who endorsed Obama in an op-ed in the wake of Sandy:
The devastation that Hurricane Sandy brought to New York City and much of the Northeast — in lost lives, lost homes and lost business — brought the stakes of next Tuesday's presidential election into sharp relief ... Our climate is changing. ... We need leadership from the White House.
Obama and New Jersey Governor Chris Christie together surveyed storm-battered New Jersey.
Meanwhile, Romney ignored repeated questions from reporters regarding his position on the Federal Emergency Management Agency (FEMA). In a June 2011 CNN debate, Romney agreed that federal disaster response could be curtailed: “Absolutely. Every time you have an occasion to take something from the federal government and send it back to the states, that’s the right direction. And if you can go even further and send it back to the private sector, that’s even better.”
Economic damages inflicted by Hurricane Sandy could reach $50 billion, according to the catastrophic risk modeling company Eqecat.
- According to the Center for Responsive Politics' new analysis of Federal Election Commission data, this election will likely cost $6 billion. The 2012 election will be the most expensive election in American history, with the cost exceeding the next most expensive election by more than $700 million.