The “convention bounce” factor indicates that the current Obama messaging can work if people hear it while the current Romney messaging doesn’t seem to connect. This should cause Republicans to seriously examine how they are running this campaign. Even a big cash advantage won’t make a difference if it is being used to promote a message that doesn’t work.

The big story last night was President Obama’s speech but it is already starting to be overshadowed by the big story this morning, a very disappointing jobs report. This election is still primarily about the state of the economy and the data is not good.