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Friday, June 05, 2020

The Boys Of Summer!

Trump is touting the jobs report like it's the best thing in world.
We have a global pandemic still in the United States. As the junk food media is continuing to cover the unrest in the country, we still have to deal with COVID-19. The coronavirus has killed over 115,000 Americans. The protests will likely expose thousands of people to the deadly disease.

The coronavirus has affected 3.6 million Americans. The outcome of treatment is 46% of full recovery. Folks are debating over wearing facial protection when they're going into facilities.

Face masks are now political. Dr. Anthony Fucci is warning Americans that not wearing protection and not taking the coronavirus seriously could spark a second wave. Trump vows to keep the country open despite the likelihood there's a second wave.

Now many facilities are dealing with the fallout of the coronavirus. They are setting up face guards, they reducing facility capacities, cutting hours and making mandatory distancing at businesses.

The class of 2020 lost their opportunity to walk down the aisle with their friends. They lost their opportunity to have a moment in history. Thanks to the coronavirus, for the foreseeable future, Americans will no longer have large graduation ceremonies.

The global economy is struggling. Many conservatives and Donald J. Trump see the stock market sharp rises as a sign of the economy returning back to normal.

We have civil unrest in the country. The police killing of George Floyd has become a catalyst of racial unrest in the nation. Americans are demanding that Trump and Congress pass police reform.

Trump has called himself the "law and order" president. He demanded governors to stop protesters from vandalizing, looting, attacking cops and counter-protesters.

Trump is facing a pandemic, economic crisis, civil unrest and political chaos.

JCPenney is closing nearly 200 locations. The department store chain has filed for Chapter 11 and has ordered the closing of locations that could impact regions already struggling for jobs.

Pier One has authorized Chapter 7 liquidation. The company has announced its closing all of the 400 locations in the United States.

AMC Theatres has announced that despite some governors opening up movie theaters and drive-ins, the company can't maintain a successful year. They are warning that they may file for bankruptcy.
Civil unrest due to police violence now plagues Trump and Congress.
The Gap is warning that they're going to have another bankruptcy.

With movies and television shows ceasing operations and pushing back movie dates, the entertainment industry is out of work.

The junk food media is touting a decline in the unemployment rate. Like this is a great thing to see 2.5 million jobs added in May.

Trust me, who's hiring right now?

I got an answer: the police, Amazon, Walmart, Kroger and coronavirus screeners.



The U.S. economy gained 2.5 million jobs in May and the unemployment rate dropped to 13.3 percent. That’s down from 14.7 percent in April, according to the monthly employment report released Friday by the Bureau of Labor Statistics.

The surprising data comes amid the phased reopening of businesses across the country after months of economic pain from the coronavirus pandemic, which pushed up unemployment to Great Depression-era levels and obliterated all job gains since the Great Recession.

"We're going to be back higher next year than ever before," Trump said of the economy, during a briefing from the Rose Garden on Friday morning. "This shows that what we've been doing is right."

The Dow Jones Industrial Average soared after the numbers were released, rising by almost 800 points in premarket activity to settle just shy of 27,000 by mid-morning. The past few trading sessions on Wall Street have seen sharp gains for all three major averages as investors train their focus on the nation's reopening and any positive signs of a recovery.

"This recovery begins today," Mike Pence told CNBC Friday morning. "We’re going to do whatever it takes to get the American people through this pandemic."

Congress is currently considering another $3 trillion infusion into the economy that would extend various federal aid programs, including the $600 additional unemployment benefit that expires next month.

Additionally, jobless claims data released Thursday from the Department of Labor showed that the number of Americans seeking unemployment benefits continues to decline. Last week, around 1.8 million Americans filed for first-time jobless benefits. While still an outsized number, that total represents a continued contraction for an economic marker that has for weeks delineated the devastating human impact of the pandemic.


Click the map to create your own at 270toWin.com

Every state, the District of Columbia and five territories have been affected by the coronavirus.

There are 335.2 million Americans in the country. Adding 2.5 million jobs means that for a country that has that many folks out of jobs, the only regions to see job opportunities are in the West, South and Mid-Atlantic.
RankRank
(50 states)
State
federal district
or territory
Unemployment rate
(seasonally adjusted)
Monthly change (%)
(Positive decrease=drop in unemployment)
11 Nevada28.2%Negative increase 21.9
22 Michigan22.7%Negative increase 18.6
33 Hawaii22.3%Negative increase 19.7
 American Samoa[5]18.0%
44 Rhode Island17%Negative increase 12.4
55 Indiana16.9%Negative increase 13.7
66 Ohio16.8%Negative increase 11.3
77 Illinois16.4%Negative increase 11.8
88 New Hampshire16.3%Negative increase 13.7
99 Vermont15.6%Negative increase 12.4
1010 California15.5%Negative increase 10.2
1111 Kentucky15.4%Negative increase 9.6
1111 Mississippi15.4%Negative increase 10.1
1111 Washington15.4%Negative increase 10.3
1414 New Jersey15.3%Negative increase 11.5
1515 West Virginia15.2%Negative increase 9.1
1616 Massachusetts15.1%Negative increase 12.2
1616 Pennsylvania15.1%Negative increase 9.1
1818 Tennessee14.7%Negative increase 11.2
1919 Louisiana14.5%Negative increase 7.6
1919 New York14.5%Negative increase 10
2121 Delaware14.3%Negative increase 9.2
2222 Oregon14.2%Negative increase 10.9
2323 Wisconsin14.1%Negative increase 10.7
2424 Oklahoma13.7%Negative increase 10.6
2525 Alabama12.9%Negative increase 9.4
2525 Alaska12.9%Negative increase 7.3
2525 Florida12.9%Negative increase 8.6
2828 Texas12.8%Negative increase 8.1
2929 Arizona12.6%Negative increase 7.1
3030 North Carolina12.2%Negative increase 7.8
3131 South Carolina12.1%Negative increase 9.5
3232 Georgia11.9%Negative increase 7.7
3333 Idaho11.5%Negative increase 8.9
3434 Colorado11.3%Negative increase 6.8
3434 Montana11.3%Negative increase 7.8
3434 New Mexico11.3%Negative increase 5.4
3737 Kansas11.2%Negative increase 8.1
 Northern Mariana Islands[5]11.2%
38 District of Columbia11.1%Negative increase 5.1
3938 Maine10.6%Negative increase 7.4
3938 Virginia10.6%Negative increase 7.3
4140 Arkansas10.2%Negative increase 5.4
4140 Iowa10.2%Negative increase 6.5
4140 South Dakota10.2%Negative increase 6.9
4443 Maryland9.9%Negative increase 6.6
4544 Missouri9.7%Negative increase 5.2
4544 Utah9.7%Negative increase 6.1
4746 Wyoming9.2%Negative increase 5.5
48 Puerto Rico[6]8.8%Positive decrease 0.1
4947 North Dakota8.5%Negative increase 6.3
5048 Nebraska8.3%Negative increase 4.1
5149 Minnesota8.1%Negative increase 5
5250 Connecticut7.9%Negative increase 4.2
53 Virgin Islands[7]5.2%Positive decrease 0.1
54 Guam[8]3.6%Positive decrease 1.0
The historic jobs losses shows the coronavirus did severe damage to the nation.

This wiped away jobs gained throughout the decade of 2010 to 2020. That means during Obama's two terms and Trump's first term, all the jobs were erased.

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. Joe Biden is the presumptive Democratic nominee. He has clinched the needed amount of delegates to become the nominee. He is has 86% of Democratic support. The former vice president has slowly started campaigning and is wearing a face mask to troll Trump. He is counting on Barack Obama, Hillary Clinton and disgruntled Republicans to help motivate voters. The accuser who claims Biden sexually assaulted her in the U.S. Capitol has lost her lawyer and could be in serious trouble in California. She may have lied about her credentials as a domestic violence specialist.  Biden is vetting eight women who could emerge as a running mate. The Trump campaign's "You Ain't Black" failed due to the George Floyd protests. Biden is going to attend the funeral of George Floyd in Texas. He is also going to start doing virtual and live campaigns.

3. The U.S. has nearly 4 million confirmed cases of the coronavirus. There is 115,000 Americans who died from 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. Trump tried to dismantle the Coronavirus Task Force this week. The task force is being dismantled as we speak. 

4. Brick and mortar stores are shuttering in suburbia. J. Crew and Neiman Marcus have filed for bankruptcy. Papyrus, Modell's Sporting Goods and Art Van Furniture are going out of business and plan on liquidating their businesses. JCPenney, Macy's, Forever 21, Hallmark, Jo Ann Fabrics, Kmart and Sears are on death kneel. Walgreens, Walmart, Kroger are closing stores. Walmart and Kroger are no longer operating stores on a 24-hour format. The Waffle House, a longtime restaurant establishment that never closes has over 549 locations in the country still closed due to the coronavirus. The coronavirus has changed the dynamic of operations in superstores. They are closing stores at 8:30pm, midnight and 1am to eliminate workers. 
The coronavirus is still around. Americans are dying from the coronavirus. The junk food media has decreased the coverage of the deadly virus to focus on the unrest. Protesters could be exposed to the coronavirus.
5. No one is seeing the results of the Job and Tax Cuts Act and the Coronavirus Aid, Relief and Economic Security Act. The Trump Tax Cuts and CARES Act hasn't really improved Americans lives. Congress is still trying to pass more legislation that helps those in the luxury and hospitality industry. Casinos, luxury cruise lines, airlines, hotels and sporting events were the most affected by the coronavirus.

6. Folks affected by COVID-19 are not working. Those who have worked a full-time job or multiple jobs are now forced off because of state order shutdowns. Some have worked one or more jobs to stay afloat. 
Conservatives have claimed that Americans who use the safety net are lazy. They now see the impact of Americans being laid off from their jobs (at no fault of their own). They still are trying to make the argument that folks who are now getting these checks are going to demand more. A measly $1,200 isn't going to help Americans spend. It's going to help them one time with bills and rent. 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 now hearing the cases through the phone. Some of these decisions will impact the economy, presidential powers, women's rights to choose, state regulations and land disputes. 

9. The U.S. Senate is trying to pass a bipartisan anti-lynching bill. The only senator holding up legislation is Sen. Rand Paul (R-KY). He, Sen. Mike Lee (R-UT), Sen. Jim Inhofe (R-OK) are opposing the legislation because of some incompetent grandstanding. Paul who survived the coronavirus possibly exposed his staff and senators to the disease. He has opposed most legislation to help unemployed Americans with financial assistance. 

10. Trump has called for sanctions on China. He accused China and the World Health Organization of lying to the world about the impact of the coronavirus. China has warned the U.S. that they will walk away from the trade deal and ban American imports.

11. Republicans pulled out of Charlotte for their the national convention. Now they're scrambling to find a place to host the event. Trump might have it at The Trump Resort in Doral, Florida. The G7 Nations warned Trump that if he invites Russian president Vladimir Putin to the event, they're going to not attend the event in the United States.

Nonetheless, some will conclude that Trump's economy is great. We keep hearing 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.

Food prices, energy prices, rent, city services and college education have risen. With folks not working, the fears of being thrown on the street are live and direct. Folks are struggling to make ends meet as well as landlords, mortgage brokers and those who need the money to repair facilities.

Real Reasons 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.

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 due to the coronavirus and states pulling out of the Healthcare Marketplace.

The Jobs and Tax Cut Act and the Coronavirus Aid, Relief, and Economic Security 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.

There is nothing positive about him and the Republican Party.



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