Salute to America wrapped up. Measly amount of jobs added. |
Obviously Dayton, Ohio where I reside has not seen any jobs since the tornado. Matter of fact, there had to be nearly 2,000 people out of jobs in this community alone due to the destructive tornadoes of May 2019.
Then of course, you had a major earthquake in California.
There are major floods in Kansas, Iowa, Missouri, Arkansas and Illinois.
We had mass shootings everyday in the United States.
Congress hasn't pass anything memorable. With Democrats in control of the House of Representatives and the Republicans in control of the Senate, nothing much is getting done.
Mitch McConnell, the Kentucky senator is the most unpopular lawmaker in the country. But one would have you believe that Alexandria Ocasio-Cortez is the most unpopular. She is a freshman lawmaker who is in the news frequently. McConnell is never in the news but is considered by most to be the most inept leader in the country besides Donald J. Trump.
There are 25 candidates running for the Democratic nomination. No candidate has emerged as a viable candidate to take on Trump. Even if the junk food media keeps talking about Kamala Harris and Joe Biden, they have no clear vision to improve an economy that is stable (for the time being).
We have a trade war between China and the United States where it's placing higher fees on stuff bought here. It's unfortunate that our products are getting expensive.
Employers added the jobs in June, the Labor Department reported on Friday. Economists had expected a gain of 170,000. So I am guessing they inflated the number to give Trump something to brag about.
JOBS, JOBS, JOBS! https://t.co/lWqvRNJDOW— Donald J. Trump (@realDonaldTrump) July 5, 2019
“Record 157,005,000 Employed; 19th Record of Trump Era” https://t.co/syROOk1UOb— Donald J. Trump (@realDonaldTrump) July 5, 2019
While he posted from two shady websites, the actual amount of jobs created in Trump's economy is 1.5 million jobs so far.
The unemployment rate did tick up to 3.7%, up from 3.6% in May.
Average earnings rose 6 cents an hour from May and are up 3.1% over the past year.
Fears of an economic recession are easing a bit. Many said that this record-setting economic expansion could be running out steam.
The New York Times had reported that unemployment is near a five-decade law, wage growth is solid and employers have added jobs for 105 consecutive months, easily a record.
There are 115 million inactive workers in the United States.
Many economists are saying that a recession is coming.
Those die-hard Trump supporters will say that his leadership is successful. All the while, they find that their average wages are stalling. Many of these Trump supporters probably lost their jobs. Some are probably losing their homes due to flooding, wildfires and foreclosure.
Food prices, energy prices, rent, city services and college education have risen over the past year.
Real Reason To Why Unemployment Rate Stays The Way It Is!
1. DEAD
2. BORN
3. IN PRISON
4. IN PRIMARY SCHOOL
5. IN MIDDLE SCHOOL
6. IN HIGH SCHOOL
7. IN COLLEGE NOT LOOKING
8. VOLUNTEER
9. DISABLED
10. STAY AT HOME PARENT
11. RETIRED
12. QUIT ON THEIR OWN
13. NOT HIRING QUALIFIED
14. NATURAL DISASTERS
15. ACTIVE MILITARY
16. NOT HIRING TOO QUALIFIED
17. LAID OFF
18. FIRED FROM THE JOB
19. DESTRUCTION TO FACILITY
20. OUTSOURCING
21. IMMIGRANTS TOO AFRAID OF BEING DETAINED BY I.C.E.
22. SHAMED BY SOCIAL MEDIA
Let me remind you, that Trump and Republicans believe austerity is the key to a strong economy and job market. The Republicans are not in control of the House of Representatives. The Democrats now control the House and will push for an agenda that Trump will likely oppose. Republicans in the Senate will continue to pass ridiculous laws that hurt the working class and middle class. They are already streamlining federal judges that could rollback years of progress.
The inept Senate leadership of Mitch McConnell is being ignored. He is leading our country into the abyss. Trump and Republicans believe that trickle down economics (i.e. free market capitalism) is helping Americans. Really, it's making people work harder and we're not seeing the benefits of it.
We are not happy with the incentives companies provide.
With them trying to dismantle the Affordable Care Act, many of Trump's die hard supporters are going to get a culture shock when they find out their health coverage from their employer terminated it because they are no longer forced to provide it. Or they'll keep hours lower to keep people from obtaining health insurance.
The Jobs and Tax Cut Act has added trillions of dollars of debt to the economy. The results of the tax cuts haven't produced the stability. It's still considered a very unpopular law.
Trump is destroying the economy. I won't say anything positive about him. Regardless of what happens, this is short-term success.
No comments:
Post a Comment