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| Another weak jobs report. |
You know the far-white have demonized Joe Biden for saying it was a "three letter" word. That's one of the many gaffes in politics we laugh at but we also acknowledge the fatigue of politics. Regardless of who's in power, the opposition will find ways to demonize the person in office. Barack Obama faced eight years of criticism from his handling of the economy. Republicans continue to blame Obama for half of the messes Donald J. Trump gotten himself into.
They will likely blame Obama for an economic recession if thing don't go right.
But here's one thing the far-white forgets to acknowledge, the jobs promised by Trump aren't coming fast and furious. It's slowing down and it's about time for the 2019 U.S. shopping season. This is the month of make or break.
We already see that Sears/Kmart are doomed. Regardless of what happens, next year, Sears Holdings will officially go out of business and trigger a chain reaction of brick and mortar stores closing within the United States.
Communities of color will likely suffer. Mind you, my hometown of Dayton, Ohio is a food desert.
The Good Samaritan Hospital is closed and being torn down. It leaves a huge hole in the northwestern quadrant of the city.
Trump won the community in 2016. So far, the community has not become great again. And if you go down partisan lines, I am pretty much one of those folks who believe that Trump's policies are dooming the community.
Let's get down to business.
The jobs report for October comes out and it shows that for a country of 336.4 million people, a few measly jobs are being spread across the 50 states, five territories and District of Columbia. The nonfarm payrolls rose by 128,000 in October exceeding the estimate of 75,000.
There were revisions in the jobs report. August's initial 168,000 was revised up to 219,000 and September was 136,000 to 180,000. Big deal. These aren't permanent jobs or long term stability.
The unemployment rate ticks up to 3.6%.
The holiday shopping season kicks off with eight weeks before Christmas. Companies in retail need to stay in good footing.
We are still in the midst of a trade war. The United States is still engaged in a trade war with China, the European Union, Mexico and Canada. Countries that promise in return retaliatory measures to prevent the United States from ruining their economies.
Here's the Trump version of unemployment for Black Americans. It went down to a record 5.4%.
So far the best jobs in the United States are in food services and health care.
Drinking and food establishments added 48,000. Professional and business services added 22,000 and health care rose 15,000, bringing to 108,000 the total Wall Street jobs added over the year.
Manufacturing and construction went down.
Jobs are on the line: The service industry. Kmart, Sears, Forever 21, Kroger, Walmart are laying people off and closing up locations.
Kroger and Walmart will survive.
Also the strike with GM is affecting the global impact of vehicle sales.
Many companies are filing for bankruptcy and closing up locations.
The hiring of U.S. Census workers is coming. In 2020 we're going to do the official count of residency. This could determine which state gains or loses a congressional seat. This also distributes financial assistance to the communities. The count helps determine how resources are used.
The weak jobs reports has forecasters predicting a recession is coming.
There got to be at least 164 million Americans not working a current time. So that means the jobs are either not paying well enough, folks are retiring or folks are dead.
We still have a dozen or so candidates running for the Democratic nomination. No candidate has emerged as a viable candidate to take on Trump. Impeachment has pretty much soaked up any successes Trump gotten. The death of Abu Bakr Al-Baghdadi is overshadowed by the Democratic-led House holding an official vote on a public inquiry into the impeachment of Trump.
Trump's mishandling of foreign affairs has gotten more uncertain. North Korea has warned that talks with the United States will break off if Trump doesn't ease off sanctions.
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| The House formally issue a public impeachment inquiry. |
Trump's ally Benjamin Netanyahu is weakened by the failure to form a government in Israel. The polarizing prime minister will likely face a third round of elections to maintain power.
Even Volodymyr Zelinsky is facing controversy. He is being called corrupt because of his refusal to denounce Trump and Republicans claims over Biden.
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.
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.
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| The Grim Riper and Republicans. |
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. So far private equity firms are buying corporations and piling on debt. These corporations can't sustain the debt and are forced to declare bankruptcy and eventually liquidation. Many of our nation's largest companies and start-ups have equity firms investing in them. When the firms want their money, they're going to get their money.
With Republicans 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 is 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.
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