Things are going wrong in the American economy right now — and in a way that no one expected, least of all an incumbent president with Election Day three months away.

The man who said in 2009 that “if I don’t have this done in three years, then there’s going to be a one-term proposition” had better believe in the audacity of hope yet again: the hope that he was wrong.

To say Barack Obama hasn’t gotten “this done” is putting it mildly — if by “this” you mean an economy that is providing sufficient employment, sufficient opportunity and sufficient momentum for a populous nation that needs a certain level of growth in all these areas every month just to keep pace with the number of new workers who enter the playing field.

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