The other shoe just may have dropped on's chances of unseating President Obama.
The September jobs report released today by the Labor Department shows a dramatic decline in the unemployment rate.
According to Labor Department records the unemployment rate dropped to 7.8 percent, the lowest it has been in almost four years.
The September jobless rate declined from 8.1 percent in August.
Leading economic indicators suggested the economy would produce 113,000 jobs in September, but saw 114,000 new jobs added to the economy.
ABC News is reporting that the unemployment rate decline is not due to people dropping out of the search for work. These numbers reflect an actual reduction in the number of people seeking jobs.
All year, Republican contenders for the White House, including Mitt Romney, have argued that Obama should not be re-elected if unemployment figures were hovering above eight percentage points in November.
Republicans are not the only ones who hold this position. At the beginning of his term President Obama set the benchmark for his re-election at having unemployment down around 7.8 percent. He said if he could not get it done, then he would be a one-term president.
For much of his term, the economy stubbornly played havoc with Obama's economic recovery initiatives.
But two days following a lackluster debate performance against Romney, in which, Romney confused voters on his economic recovery plans; the president got the shot in the arm he has been seeking from Day One.
The next jobs report is due out four days before the election and several days after the final presidential debate.
Voters in next month's presidential election will be asked to decide whether to stay the course of a slow but steady economic recovery or make drastic changes to the progress that has been made under the Obama initiative.
Mitt Romney dubbed this approach as "Trickle Down Government" at Wednesday's debate.
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