09/19/2011 08:53 am ET | Updated Nov 19, 2011

The New Yorker: Job Creation And The G.O.P.

There is no truer truism in American politics than James Carville’s catchphrase from the 1992 election “It’s the economy, stupid.” When people discuss Barack Obama’s current approval rating, which is at its lowest level ever, they may invoke his supposed lack of toughness or his tendency toward moderation, but the only really important factor is the dismal state of the U.S. job market.

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