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Jobless Claims Drop Again. “Experts” Shocked…Again.

Today’s Campaign Update, Part II
(Because The Campaign Never Ends)

This dang Trump economy just will not cooperate with our elite betters! – As Reuters carefully reports today, initial claims for jobless benefits dropped sharply yet again last week, signaling that the U.S. economy just refuses to accede to the wishes of the Democrats and our fake news media, who are doing everything they can to pretend there’s a recession going on. From the Reuters report:

Initial claims for state unemployment benefits dropped 12,000 to a seasonally adjusted 209,000 for the week ended Aug. 17, the Labor Department said on Thursday. The decline was sharper than expected. Economists polled by Reuters had forecast claims would drop to 216,000 in the latest week.

But the story’s lead paragraph tells us so much about the Reuters mindset:

The number of Americans filing applications for unemployment benefits fell sharply last week, suggesting the labor market was holding firm despite a manufacturing slowdown and concerns the economy is on a path toward recession. [emphasis added]

Folks, there is no “manufacturing slowdown” in the U.S. economy, although there certainly is in China and the EU. This is simply nonsense being pushed by the media. There is not a single economic indicator that would imply that our economy is in or about to go into a recession anytime in the foreseeable future. The only people saying it is are people in the media and “economists” on the political left, all of whom are hoping for a recession to save the Democrats in the 2020 elections.

Sorry, ain’t happening.

So, yet again, good news for average Americans is shocking bad news for the elite media and the Democrat Party. Funny how that works, huh?

That is all.

 

Today’s news moves at a faster pace than ever. Whatfinger.com is my go-to source for keeping up with all the latest events in real time. 

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1 thought on “Jobless Claims Drop Again. “Experts” Shocked…Again.

  1. Jimmy MacAfee - August 22, 2019

    Trump has outwitted them: talk about either rate cuts or tax cuts has left Dems arguing that they don’t want tax cuts (making them against something that is immensely popular among wage earners) or arguing against rate cuts (making them against something that is immensely popular among investors.)

    This is how to bring both Wall Street and Main Street together in support of Trump policies, while the Dems are left spluttering and sputtering, in opposition to everything – without having any alternative but to express their fervent hope that both Wall Street and Main Street fail. Wall Street is saying to the Dems: “WTF? You want to ruin us in order to get to Trump?” And Main Street is saying something similar: “You want to create unemployment, especially in the newly-hired African American and Hispanic work forces, driving them both back onto some form of welfare? We’re ALL uniting against those who want all of us to fail!

    Bill Maher is now the new leader of the Democrapic Party; his signal to pray for recession has become Democrapic policy, a mantra – not just a comedian’s dying wishes.

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