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Verse generic republican, obama is leading. after july 1, 80% of the time president obama has been tied or behind the generic republican from the time the debates started and started seeping into the public consciousness in july >> hypothetically -- how do you factor in the up employment rate -- dropped from 9.0 to 8.6 today. is that something that the obama -- can that move the dial for the president? >> the administration was smart not to come out and declare victory. more than half the decline in the unemployment rate came from 300,000 people saying, we're tossing again, we're no longer loo...

Response men for cain website came out. this distractingly, wonderfully, both genius and stupid, there was some actual real big giant news for the country, big news with big real consequences for the country and potentially huge political consequences for the country. the unemployment rate just fell in november from 9.0% to 8.6%. that is a two-year low for the national unemployment rate. that is great news. right? it is great news, isn't it? we should always ask an economist. let's ask jared bernstein, former member on president obama's team, former economic adviser to vice president joe biden...

Gesture. that was today before the parody response men for cain website came out. this distractingly, wonderfully, both genius and stupid, there was actually really big giant news for the country. big news with big real consequences for country and potentially huge political consequences for the country. the unemployment rate just fell in november from 9.0% to 8.6%. that is a two-year low for the national unemployment rate. that is great news. right? it is great news, isn't it? we should always ask an economist. let's ask jared bernstein, former member on president obama's team, former economi...

8.6% is the unemployment rate, falling to the lowest level since march of 2009. and after that, the previous two numbers, september, october, also revised higher by a total of 72,000 jobs. we have seen strong job creation over the last two months. the markets like it a lot this morning. we'll see if that continues. the market also likes the fact that in europe we are seeing a solution broadly taking shape, perhaps to the european financial crisis and so we have a lot of positive reaction to that as well. >> interesting. >> michelle, a drop of 0.4% from 9.0 to 8.6. what is the likelihood that i...

millionaires to pay for it. republicans say they could live with extending the current rate, but only if spending cuts offset it. last night in the senate both parties' plans were voted down so there is work to be done before the end of the year. in california, powerful winds are still in the forecast for parts of southern california. nothing like the winds that did this though. did you see this damage? gusts topping 140 miles an hour were measure in the mountains outside los angeles at 140 miles an hour. that equals a category 4 hurricane. also you can imagine power lines were jus...