So while the drought killed livestock in Missouri and drove up food prices the world over, another storm was brewing.
"You guys, look!" said committed bacon lovers. "A trade group representing pig farmers and therefore with no interest in whipping up a media frenzy whatsoever called it 'unavoidable' and had a press release and everything!"
"Quiet, you!" responded the bacon lovers, who went on to drown their sorrows in Bakon Vodka until the news cycle died down and there were other stories to worry about. Probably zombies or something.
Jobs Numbers Will Decide the Election
Guilty as charged on this. In the days before the election, every single economic indicator was fraught with meaning for what it might portend for Mitt Romney and President Obama. For example, a certain reporter picked apart exactly which metropolitan areas had posted the biggest jobless rate declines—and the biggest increases—since President Obama took office.
As it turns out, voters didn't get the memo to check unemployment charts before heading to the polling place. According to one analysis, President Obama actually did better where the jobs situation was worst. Jed Kolko, chief economist at Trulia, found that a larger improvement in the labor market during the last four years was in fact correlated to a larger share of votes for Romney.
It's counter-intuitive but worth setting an Outlook reminder for November 2016 in order to remember: the jobs report won't decide the election.
Also, the Jobs Numbers Are Rigged
The September jobs report was a surprise, no doubt, showing that the economy added a measly 114,000 jobs but that the unemployment rate also ticked down by a whopping 0.3 percentage points.
It raised eyebrows and gave us all a lesson in the difference between the establishment survey and the household survey. It also showed us that the jobs report is the subject of far more skepticism and politicization than we may have thought.
"Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers," wrote Jack Welch, former CEO of GE, in a now-infamous tweet.