REPORT: SEPTEMBER JOBS NUMBERS INFLATED

So you were suspicious about those September job creation numbers touted by the Obama Administration? You had goodreason to be. 

The payroll data firm ADP, which recently became partners with Moody’s Analytics, revised their estimate of the September jobs created down from 162,000 to 88,200. That new number is considerably less than the Labor Department’s count of 114,000, which included 104,000 from the private sector.

When the Labor Department’s job numbers came out for September, there was an uproar; many observers thought the numbers were manipulated to benefit Barack Obama’s reelection. As Jack Welch, former head of General Electric, tweeted after the Labor Department’s release: "Unbelievable jobs numbers...these Chicago guys will do anything...can't debate so change numbers."

But the revised ADP numbers have sparked strong suspicion that the October numbers will be worse than the Labor Department will let on. 

Todd Schoenberger, managing principal at the BlackBay Group in New York, said: “It's huge, no doubt about it. Their changing the methodology tells me that if the number is cut in half with that revision, then the revision we're going to see Friday is going to be a disaster."

ADP is taking no chances this time; they will announce their October count on Thursday before the Labor Department announces theirs on Friday. ADP said its new reports will offer a more detailed breakdown of the numbers while they increase the numbers of businesses analyzed.

Via: Breitbart

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Obama Campaign Says Polls Showing Romney Surging Is A “Bluff”…

DENVER - Obama campaign senior adviser David Plouffe sought to knock down claims by the Romney camp that they are gaining momentum and steaming toward victory on Wednesday. Plouffe called those claims "more bluff than reality" and contended that the Romney camp is "overstating their Electoral College situation."

"We think we maintain a lot more plausible pathways to 270 than Governor Romney, who we think essentially has to pull an inside straight in terms of the Electoral College," Plouffe said during a bus ride through Iowa, noting that the President is leading or essentially tied in polls of most battleground states. "Governor Romney's campaign likes to talk about how well they're doing in North Carolina, but we think we're doing a lot better in Ohio and Iowa and Nevada than they're doing in North Carolina."

Plouffe argued that the Obama campaign is "already sitting at a win number" in some of the battleground states, though he declined to say which ones. "I'm not going to call states, but we'd win the election if it were held today,"  he said. Obama campaign officials have sought to downplay the significance of Romney's rise in the polls following his strong performance in the first of three presidential debates.

Today, Plouffe argued that the bump Romney received was a natural and inevitable tightening in a race that widened artificially in September. "Governor Romney was not going to get 44 or 45 percent in battleground states," he said. "He's a major party nominee in a divided country in a tough economy. He's going to get 47, 48, 49 in a bunch of these states. So that's all that's happened is Governor Romney picked up some of what he lost. We don't consider that momentum."

Via: CBS News

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