Trump Wins the Debate but No Knockout of Biden

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In-Brief

1. The final Presidential debate went smoothly with both candidates scoring points. Judging from the post-debate analysis and activities Trump won a modest victory. Biden did create political problems for himself, especially with his statement he will shut-down the oil and gas industry.
2. In 2016, at this point in the Presidential race, Hillary Clinton was way ahead in the polls and the betting odds. She won the popular vote easily but lost the electoral vote. That combination may or may not repeat this year. The polls say Biden, but the enthusiasm says Trump.
3. It appears that the full Senate will confirm Amy Coney Barrett as Justice of the Supreme Court early this week.
4. Survival rates from having Covid-19 have become exceedingly high, but Covid-19 is still extremely dangerous. The number of cases in Europe and the US is rising again, although the death rate has plummeted to about 1%. The World Health Organization and many other health orgs are now recommending against total economic and societal shut-downs.
5. The US economy began a strong recovery in June. That recovery is still on-track as measured by many indicators, including existing home sales and the Purchasing Managers indices for manufacturing and services. The indicators of economic growth are coming in stronger than expected. The unemployment rate fell from 10.2% in July to 7.9% in September, a huge decline. The economy is clearly growing rapidly now. Over 700,000 additional job openings were added last month. Retail sales in September surged well above the already high August sales numbers.

FDR’s 1st Inaugural Address - 1933... “So, first of all, let me assert my firm belief that the only thing we have to fear is fear itself...”

Abraham Lincoln – “You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time.”