Tag Archives: shutdown

The Economy Is Questionable At Best

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I love it when a Democrat is in power–when unemployment rises it is always a surprise–even at Fox News.

On November 3rd, Fox News posted an article about the current state of the American economy.

The article reports:

U.S. job growth slowed more than expected in October, a sign the labor market is finally softening in the face of higher interest rates, stubborn inflation and other economic uncertainties.

Employers added 150,000 jobs in October, the Labor Department said in its monthly payroll report released Friday, missing the 180,000 jobs forecast by Refinitiv economists.

The unemployment rate, meanwhile, unexpectedly ticked up to 3.9% — the highest level in nearly two years. The pickup in the jobless rate suggests that layoffs are on the rise; the survey of households shows that the number of workers laid off rose in October by 92,000 from the previous month.

The unemployment number of 3.9% is not really a good measure of the economy unless it is looked at in relation to the workforce participation rate, currently slightly down at 62.7. Just to give some perspective, the workforce participation rate was 62.8% when President Trump took office in January 2017. It peaked at 63.3 in February 2020 (the ‘stop the spread’ shutdown began in March 2020). The reported unemployment rate is calculated only counting people who are looking for jobs. I suspect that if you counted everyone who is able to work but not working, the number would be much higher.

The article also notes:

The report also contained steep downward revisions to job growth at the end of the summer. Gains for August and September were revised down by a total of 101,000 jobs to a respective 165,000 and 297,000, the government said, suggesting that the labor market is weaker than it previously appeared.

The bottom line here is that the economy is not really growing although inflation is. For further details, please follow the link above to read the entire article.

 

What’s Good For The Goose…

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Townhall posted a very interesting article today about the possibility of a government shutdown.

The article notes:

In late September, Congress passed a bill to keep the government funded at current levels through this Friday. Trump has refused to sign the comprehensive funding bill tied to providing new $600 stimulus checks to qualifying Americans. It’s clear that they don’t have much time to resolve their disagreements and pass a law President Trump will support.

Most likely, they will pass another extension, but Trump has already signaled he would rather use a pocket veto and let the next president handle the issue than sign a bill he can’t support. Such a standoff risks a government shutdown if a solution cannot be passed and signed.

President Trump has had three shutdowns in his term as president, the longest being 35 days between December 2018 and January 2019 over the issue of funding for the border wall. That shutdown forced about 800,000 federal government workers to go on furlough without pay. If an extension is not passed to avoid a shutdown, thousands of government workers considered nonessential would again be furloughed or forced to work without pay until the shutdown ends.

Government leaders love to say how they experience our pain for the lockdowns generated in many Democrat controlled states and cities during the COVID Pandemic restrictions. Many Americans have lost jobs; some have lost their businesses. Government workers can talk as though they understand, but they’ve had no cuts in salary or their retirement plans. They have been insulated from the consequences of their own actions.

While small business and their employees have been suffering, big box stores and Amazon have seen large profits. While your neighborhood restaurants and bars have been closed, many larger restaurants with more physical space have managed to remain open at partial capacity. The impact of the shutdowns has been very uneven, with small businesses and their owners being hit the hardest. Meanwhile, Congress and federal employees have continued to receive full paychecks. The people who made the decision to shut down have generally not suffered the consequences of that decision. Seems a little unfair.

The article concludes:

Currently, government workers have no skin in the game. There is no shared sacrifice. When any shutdown furlough ends, they’re usually paid retroactively for what income they lost. What do our citizens get for having their businesses closed and their jobs lost—$600 or maybe $1,200. Citizens will get crumbs and the promise of higher taxes.

President Trump came to Washington to take on the swamp. It put up more of a fight than expected. In fact, if the results of this election stand, the swamp will have won. The Biden administration has no plan to cut back the size of government. No, his plan is to feed the beast and free it to take control of more of your life.

Could we shut down government for two years until the mid-term elections? Unfortunately, probably not.

It’s time for the President to just say no to the ridiculous pork in the spending bill and send more money to the people who have actually been hurt by the shutdowns.

Does Anyone Believe That Campaign Ads Tell The Truth?

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We all understand that campaign ads are skewed to achieve a specific purpose. When a candidate is accused of voting against a bill that would help voters, it is always wise to look up the bill and see exactly what is in it. There are other tricks too–taking words out of context, finding an unflattering picture, etc. Every now and then though, there is a campaign ad that takes the concept of misleading to new levels.

Yesterday The Gateway Pundit posted an article about one such ad.

The article reports:

Last night, during the Browns vs. Steelers game, Joe Malcoun, co-owner of the popular “The Blind Pig” bar in Ann Abor, MI, home to Univ. of Michigan, appeared in a new Joe Biden television ad, where he blamed President Trump for Gretchen Whitmer’s decision to shut down businesses during the COVID pandemic.

In the “The Blind Pig” ad, Joe Malcoun is simply identified as “Joe.” The Biden campaign ad never mentions that Joe’s a wealthy business owner or that he frequently hosts big-ticket fundraisers for high profile Democrats in Michigan

The article points out a few facts that contradict the ad:

On April 17, President Trump implored MI Democrat Governor Gretchen Whitmer to reopen Michigan’s economy. “LIBERATE MICHIGAN!” he tweeted.

On June 8, Michigan’s Democrat Governor Gretchen Whitmer announced that after months of being shut down, bars in her state would be allowed to reopen with restrictions.

Only 23 days later, on July 1, Governor Whitmer announced that she would again shut down bars in lower and central Michigan, after over 100 cases of COVID were reportedly traced to Harper’s bar in East Lansing, MI, a popular spot with Michigan State University students.

On October 1, The Michigan Supreme Court ruled against Gov. Gretchen Whitmer’s unconstitutional executive orders, saying she lacked the authority to extend the state of emergency she passed after April 30, when her first state of emergency declaration expired.

The article notes:

Like Democrat presidential candidate Joe Biden, Malcoun never explains Joe Biden’s plan to deal with the COVID pandemic. Malcoun simply accuses President Trump of not having a plan, and that seems to be sufficient reason for the “average Joe” to vote for “Crooked Joe.”

So far, the ad has been viewed over 1 million times on Twitter and over 366,000 times on YouTube and is running again tonight, on Monday Night Football.

Voters, pay attention, your future depends on it!