A Few Observations From The Polls

I have visited my local voting place twice today. Don’t worry–I didn’t vote twice–my husband was handing out information, and I went to provide food and moral support. While I was there, I picked up some literature from the Democrats and investigated the talking points on their local website.

This is what I learned.

Their website states:

Democrats are standing up for the American Dream: an economy and government that works for everyone, not just the few.

Found on their Twitter page:

Hi kids, this is your Mom. Remember to vote on 11/6. If Trump cuts my Social Security and Medicare I’m moving in with you!

Both these statements are totally misleading.

The American Dream is more accessible to everyone under President Trump than it was under President Obama, a Democrat. According to a Western Journal article posted December 18, 2017:

The national unemployment rate for black Americans, ages 16 and over, is the lowest it has been in 17 years, according to the Bureau of Labor Statistics.

In November 2016, the unemployment rate for black people was at 8 percent, and in November 2017 that rate dropped to 7.3 percent — a percentage not seen since the months of September, October and November 2000.

As reported by CNS News, black unemployment rate during the Bush and Obama era’s fluctuated between 7 and 17 percent.

BLS data also shows that labor force participation among African-Americans rose from 61.9 percent in November 2016 to 62.2 percent in November 2017.

Unemployment rate for the Hispanic demographic fell from 5.7 percent to 4.7 percent — the lowest it’s been in 44 years, while the unemployment rate for whites and Asians hovered around 3 percent, roughly the same as one year prior.

About Social Security cuts–none of us can predict the future, but we can draw conclusions based on past behavior. This is the chart showing Cost of Living Adjustments (COLA) to Social Security in recent years:

I know that it’s only a coincidence that one of the biggest increases in Social Security occurred in 2011, a year before the 2012 election.

As far as Medicare is concerned, the statements are also misleading. The Republicans are not the ones who have cut Medicare. Medicare funding was cut to fund ObamaCare. On August 13, 2012, Forbes Magazine reported:

You wouldn’t know it from listening to the Obama campaign, but there’s only one Presidential candidate in 2012 who has cut Medicare: Barack Obama, whose Affordable Care Act cuts Medicare by $716 billion from 2013-2022. Today, the Romney campaign reiterated its pledge to repeal Obamacare, and promised to “restore the funding to Medicare [and] ensure that no changes are made to the program for those 55 and older.”

If any of the above is news to you, you need to reconsider where you are getting your news. If you were already aware of the above information and voted Democrat, then it is obvious that facts will not get in the way of your opinion. Facts are such inconvenient things.

The Jobs Report Came Out Today

The jobs report came out today. The number I watch, and I am waiting to see change is the Workforce Participation Rate. That number is holding steady at 62.9. That is not a great number, but it is an okay number. That number reached 66 during some of early 2008, but has generally been in the 63 or 64 range most of the time since then. The other numbers on the report are really good.

CNS News is reporting the numbers today:

The Labor Department’s Bureau of Labor Statistics says a record 155,965,000 people were employed in July, the 11th record-breaker since President Trump took office 19 months ago.

“Our economy is soaring. Our jobs are booming. Factories are pouring back into our country, they coming from all over the world. We are defending our workers,” President Trump told a campaign rally in Pennsylvania on Thursday.

BLS said the economy added 157,000 jobs in July (compared with a revised 248,000 in June).

The unemployment rate edged down to 3.9 percent, as the number of employed people reached new heights, and the number of unemployed persons declined by 284,000 to 6,280,000 in July. 

Among the major worker groups, the unemployment rates for adult men (3.4 percent) and Whites (3.4 percent) declined in July. The jobless rates for adult women (3.7 percent), teenagers (13.1 percent), Blacks (6.6 percent), and Asians (3.1 percent), showed little or no change over the month. The unemployment rate for Hispanics hit a record low of 4.5 percent, down from last month’s record 4.6 percent.

There was also good news for wage-earners–in addition to the tax cut, hourly wages went up:

In July, average hourly earnings for all employees on private nonfarm payrolls rose by 7 cents to $27.05. Over the year, average hourly earnings have increased by 71 cents, or 2.7 percent.

This growth is the direct result of the policies of President Trump–the combination of deregulation, tax cuts, and domestic energy development has resulted in economic growth.

 

The Trump Economy Keeps Rolling Along

The Wall Street Journal posted an article today about the latest unemployment numbers. There is lots of good news.

The article reports:

The U.S. labor market was firing on all cylinders in May: the unemployment rate fell to an 18-year low, employers added jobs at a faster pace and wages modestly improved.

The unemployment rate ticked down to a seasonally adjusted 3.8%, matching April 2000 as the lowest reading since 1969, the Labor Department said Friday. Nonfarm payrolls rose a seasonally adjusted 223,000 in May, a jump from gains from March and April. Average hourly earnings ticked up to a 2.7% from a year earlier—and raises were even stronger for nonmanagers.

According to the Bureau of Labor Statistics the workforce participation rate is at 62.7. That number has fluctuated very little since January 2016. It should increase as the economy further improves.

The article further reports:

A broad measure of unemployment and underemployment that includes Americans stuck in part-time jobs or too discouraged to look for work fell to 7.6% from 7.8% the prior month. That rate, known as the U-6, remains somewhat elevated compared with the last time unemployment was similarly low. In April 2000, the broader measure was 6.9%.

Like him or hate him, Donald Trump understands what was needed to grow the American economy. I am grateful that he is helping all of us to prosper.

The article also reports:

The unemployment rate for women, 3.6% last month, was the lowest since 1953, when far smaller share of women sought jobs. The jobless rates for blacks, Latinos and those without high-school diplomas are trending near record lows.

It is amazing what has happened to the economy in the last eighteen months. I suspect that not everyone is cheering.

 

 

A Picture Of The Latest Jobs Report

This chart was posted  yesterday at The Weekly Standard:

The article reports:

“For Every 1 Person Added To Labor Force Since January 2009,” the chart reads, “10 People Added To Those Not In Labor Force.”

Please remember this chart when President Obama tells all of us in the debate tonight how many jobs he has created since he took office.

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