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Friday, March 06, 2020

Achoo!

The jobs report is out. Why isn't Trump bragging about it?
Despite a handful of mass shootings, the coronavirus and the uncertainty of the global trade market, the U.S. Department of Labor releases its February jobs report. In a country of 335.6 million people, there were 273,000 jobs added to the economy. It will be adjusted in April. Trust me, there's not that many jobs in the United States. There's 50 states, the District of Columbia and five U.S. territories.

You're telling me that all these jobs being issued in the country?

We have an active workforce at 63%.

So that means about 132 million people aren't working.

Nonfarm payrolls grew far more than expected in February as companies continue to hire leading into growing into the coronavirus scare.

The Labor Department said that the U.S. economy added these jobs during the month, while the unemployment rate was at 3.5%, matching its lowest level in more than 50 years. So that means when the U.S. population was at 248 million at the time, and populations were isolated to the manufacturing centers. The Midwest, Mountain West and Northeast have no strong population growth.

The February jobs report, which includes data collected before the coronavirus epidemic hit the U.S., also shows the unemployment rate fell from 3.6 percent to 3.5 percent. Wage growth ticked up slightly to 3 percent for the year, still a modest rate in a robust economy.

Markets barely blinked Friday morning, despite the healthy monthly figures, with traders continuing to focus on how the viral outbreak could hammer the economy. The Dow Jones Industrial Average is set to open with a decline of around 700 points.

The BLS also revised up employment figures for the last two months, with January increasing from 225,000 to 273,000; and December going from 147,000 to 184,000. The economy needs to add around 100,000 jobs each month to keep pace with the working population.

Regardless of any coronavirus impact, declines are expected in the jobs number going forward. As the labor market tightens, there are fewer workers looking for a job.

Things that make you go hmmm....!

1. Donald J. Trump becomes the third U.S. President to be impeached while in office. He escapes being removed from office by the U.S. Senate. The Senate rejects witnesses and evidence. They quickly acquitted Trump. The trial offered extensive evidence. Republicans weren't convinced by the evidence and voted to acquit him. This acquittal assures Trump will ask for help from foreign entities yet again.

2. The Democrats have rallied around Joe Biden in the race to replace Trump. The only candidates that are running are Biden, Bernie Sanders and the remains of Tulsi Gabbard. The Super Tuesday primaries are over and Democrats feel comfortable with Biden. Even though, he's going in a weak frontrunner, Biden is starting to pick up momentum and Republicans are back to rehashing the Ukraine conspiracies.

3. The U.S. has nearly 400 confirmed cases of the coronavirus. The disease has spread across the states and many individuals are dying from it. Trump is blaming Barack Obama for his failure to get the ball rolling on prevention. Trump deregulations have finally taken a toll.

4. Brick and mortar stores are shuttering in suburbia. JCPenney, Macy's, Pier 1 Imports, Forever 21, Hallmark, Kmart, Sears, Walgreens, Walmart, Kroger are closing stores. Walmart and Kroger are no longer operating stores on a 24-hour format. They are closing stores at midnight and 1am to eliminate workers. 

5. No one is seeing the results of the Job and Tax Cuts Act passed in 2017. The tax cuts are not showing massive success. So far, no change in the wage gap between the middle class and wealthy.

6. Folks are working one or more jobs to stay afloat. Conservatives are claiming that folks who are on the safety net are worthless and lazy. They don't realize that many Americans are working more than 40 hours and are often staying longer hours or working a second job to pay rent, mortgage or vehicle expenses. Insurance rates are up due to Trump rolling back regulations, eliminating the insurance mandate of the Affordable Care Act, and private insurance companies aren't paying for natural disasters and human based disasters. 

7. Trump and his administration did subliminal cuts to food stamps, housing credits and disaster relief. The Supreme Court ruled in favor of the Trump administration in their attempts to cut the safety net from immigrants who have American born children and working class families who are struggling to find food in area affected by food deserts, blight and natural disasters.

8. The Supreme Court is hearing cases on women's health and abortion. It seems like the conservative majority is likely to restrict a woman's right to choose. Yet, they'll be happy to send individuals to the death chamber. 

Nonetheless, Republicans will conclude that Trump's economy is great. Democrats will conclude that Trump's economy sucks. None of them will offer much other than the same old tired talking points about tax cuts, raising taxes on the rich and fixing roads and bridges. The same old shit but from a different face.

No one can wait forever for changes. Congress is made up of old, white and well off politicians.
The uncertainty of the economy. Trump's terrible deals affect the global market.
Any person of color who is a member of the House or Senate are vilified or ridiculed because the white establishment continues to deny a place for everyone at the table.

Mitch McConnell, Kevin McCarthy, Nancy Pelosi and Chuck Schumer are old white millionaires.

They make up the status quo of politics. They will not work together and solve problems. Yeah, I hate Trump and all that he stands for. But damn it, we need to focus on getting at least things done. Pelosi and Schumer are pretty much done with Trump, McConnell and McCarthy.

He's impeached. That title will stay with him for the rest of his god awful legacy.

Bernie Sanders is going to drag the Democrats again. He is likely going to push this all the way to the convention. Biden, is going to be relentlessly dogged about his age, his touching of constituents, his gaffes and his record as a senator and vice president. Trump and Fox News will be distracting supporters with divisiveness. The same shit that helped Trump win. Democrats may have to fight dirty while presenting a viable message or alternative to the status quo.

Democrats are quickly caving to manufactured controversies inspired by talk radio, Fox News and the social media.

The possibility of Trump being reelected has cruised to 65% right now.

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 rolling back regulations and austerity are the key factors 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.
Status quo lawmakers.
The inept Senate leadership of Mitch McConnell is slowly getting covered. He is leading our country into the abyss. The Senate is delaying legislation on sensible gun reform. McConnell and many Republicans are fearful of the NRA and white gun owners. They clearly are ignoring the rest of America being fed up with these constant mass shootings.

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, causing uncertainty in world and is bring chaos wherever he lands.

I won't say anything positive about him. Regardless of what happens, this is short-term success.

Don't believe the hype.

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