Daily Archives: September 7, 2012

The question at the core of America’s upcoming election isn’t merely whose story most voting Americans believe to be true – Mitt Romney’s claim he can pull it out of its stall because he’s a businessman who has turned around failing companies, or Barack Obama’s claim the economy is slowly mending from the worst downturn since the Great Depression because his approach is working.

If that were all there was to it, Friday’s report from the Bureau of Labor Statistics showing that the economy added only 96,000 jobs in August, relative to July’s respectable 160,000, would appear to bolster Mr Romney’s claim.

The deeper question is what should be done starting in January to boost a recovery that by anyone’s measure is still anaemic — and on this neither candidate has offered specifics. Read more