October's churning economic activity clearly worried small business owners. The National Federation of Independent Business Index of Small Business Optimism fell 5.4 points to 87.5 (1986=100), the third lowest reading in the 35-year history of the survey.
All signs seem to be pointing to a long recession, especially as the engine our economy -- small business -- seems to be increasingly feeling the effects of the slowdown.
Could James Pethokoukis prediction of a one-term Obama Presidency come true? Here is his take:
If history is any guide at all, voters may still be terribly cranky about the economy when they cast their ballots on Nov. 6, 2012 and thus likely choose the 45th president of the United States -- be it Mitt Romney, Sarah Palin, Bobby Jindal or some other Republican without "Bush" for a last name. Once again a "change" election for an impatient America. The same bad economy that doomed John McCain in 2008 will have sunk Obama, as well.
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