What we’re watching: Friday, Dec. 2, 2011

Updated
 
What we're watching: Friday, Dec. 2, 2011
What we're watching: Friday, Dec. 2, 2011

Tomorrow could be the last day of Herman Cain’s wild ride through the presidential contest. 

NBC News reports Cain is making a “major announcement” about his campaign on Saturday in Georgia, just a day after he headed home to Atlanta to meet with his wife in person following allegations that he had a 13-year affair with a woman.  The pizza man has denied the affair and allegations of unwanted sexual advances from other women.

Donald Trump is going to moderate a GOP presidential debate. Yes, you read that right.   The New York Times reports the real estate mogul will is teaming up with Newsmax to moderate a presidential debate in Iowa on December 27.

Republican John Danforth, who served as a senator from Missouri for nearly 20 years and later as George W. Bush’s ambassador the United Nations, is not happy with the slate of Republican presidential candidates.

“I’ve been watching some of these Republican debates and they’re just terrible. Terrible,” he told KTRS in St. Louis. “It’s embarrassing for me as a Republican to watch this stuff,” he added, calling out audiences for applauding the candidates’ morbid boastings.

The unemployment rate fell last month to 8.6 percent, its lowest level since March 2009, during the depths of the recession.  Employers added 120,000 jobs last month. And the previous two months were revised up to show that 72,000 more jobs added.

Still, one reason the unemployment rate fell so much was because roughly 315,000 people gave up looking for work and were no longer counted as unemployed.

And President Barack Obama says Congress should pass a payroll tax cut before their end-of-the year break, and he’s raising the possibility that “we can all spend Christmas here together.”

Obama, who made the comments today at an event on energy efficiency, adding that now is not the time to slam the brakes on the economy, but it’s “time to step on the gas.”


What we're watching: Friday, Dec. 2, 2011

Updated