American job growth dropped and has now stalled. It doesn’t matter that Obama passed a Republican-opposed stimulus which staved off a Depression. It does not matter that he would have done more, if only executive and legislative power weren’t split. It does not matter that Romney is a repulsive robot with bullshit ideological ‘solutions’ sold with reference to the claim that running an economy is like running a business. Bad stats cause coups. The anti-incumbent logic that swept over European electorates now threatens to cross the Atlantic. John Cassidy explains why Obama could be toast.