Recession Back News Today : Breaking News, Live Updates & Top Stories | Vimarsana

That's the number of jobs the u.s. economy added in october. today's blockbuster jobs report overwhelmingly beating expectations. >> yeah, at many, many levels even beyond the top line. the unemployment rate a separate measurements sits at 5% as low as it's been since before the big recession back in 2008. cnn chief business correspondent christine romans is here and cnn's global economic analyst john bruhart joins us, hard for me to say but not hard to digest the numbers. because they are awesome. >> let me show you the trajectory, 271,000 net new jobs. look at the trajectory, guys, because t...

And that's going to be a very exciting part in the second half of the program. >> what do you think is on the mind of folks there in cleveland? what do you think in that q and a session they'll be asking the president? >> we have a highly engaged audience who really -- they pay a lot of attention and boy have they been paying attention over the last four or five days since we announced this on friday. and, you know i think that the economy is huge here. it's a really big issue. cleveland was out of the recession slower than most other regions and cleveland was in the recession. you know there ...

Newt gingrich is run out of town. >> they don't care about the scandals that are playing out. i think the irs thing really bothers them because that gets to the heart and soul of probably the most regulatory body in this country and its ability to kind of manipulate politics. i think that is a very dangerous trend and where it goes, it's hard to know. but i think that's a frightening prospect. beyond that, ben ghazi, bad as it is and the call for impeachment, tht no, sir what the american people are going to vote on. they will vote on whether or not this country is able to get back on its feet...

Here in the states is the expiration of tax cuts that are written into law right now as well as the implementation of automatic spending cuts. if these two kick in, according to the current law at the end of the year, many economists argue that we could fall into a recession back in 2013 with a fiscal hit of as much as $700 billion coming down on us at the end of this year. it's not to be worried about this because there's time for congress to come to some sort of agreement. now we just have to wait and hope that congress comes to some sort of agreement about this. >> we hope. how about this? ...

And remember the chamber of commerce and small business, even wall street, have viewed the obama administration as not in touch with what the needs of business are. business needs, in the environment. and, the administration has been making an effort in recent days to really try to improve relations. not only with business in general but the chamber specifically. gregg: and in fact that was the subject of an op-ed, by mitt romney, in "usa today," i believe it was. let me throw a portion of it up on the screen from yesterday. president obama didn't cause the recession but made it worse. and cau...