“It’s the Economy, Stupid!”
Those words, “It’s the Economy, Stupid!”, gave President Bill Clinton a second term, even though his administration was plagued by scandals. Voters voted their pocket-books. Now we have a pivotal election next week. Here are the latest figures from the government’s October Jobs Report. Wages increased 3.1%. Americans have experienced the biggest increase in take-home pay since 2008. Not one single sector of the economy lost jobs. Unemployment is at 3.7% which is the lowest since 1967. Hispanic unemployment is at 4.4% which is the lowest ever–in history! The unemployment rate for African-Americans, 6.2 percent, is near the all-time low…