So much good news on this Friday it’s hard to know where to begin.
Let’s start with the jobs report from the Labor Department today. The Trump economy continues to refuse to cooperate with the “experts” surveyed by the corrupt news media, who had projected the economy would add 1.4 million new jobs during July. The actual number came in at 1.8 million, led by the Leisure and Hospitality sector with 592k jobs, Retail Trade (+258k jobs) and professional and business services (+170k jobs).
The only business sector tracked by DOL to lose jobs was the Mining sector, which includes the oil and gas industry. That sector shed another 7,000 jobs, which is not surprising given the havoc that has been wrought in that part of our economy.
The unemployment rate fell to 10.2 percent vs. the “expert” projection that it would only drop to 10.5 percent. We obviously need to find some new “experts.”
Next, you have San Fran Nan, Chuckie Schumer and the depraved congressional Democrats continuing to stonewall on getting another stimulus bill done. Treasury Secretary Mnuchin rejected a “compromise” offered by Pelosi today that would have allowed her to add in a trillion dollars of Democrat wish list junk – mostly “Green New Deal” porkbarrel stupidity – to the trillion dollar bill that the Senate Republicans are ready to approve.
This sets the stage for President Donald Trump to save the day for millions of unemployed workers and small business owners by issuing executive orders addressing unemployment reform, prohibiting the IRS from collecting the payroll tax and extending eviction protections that expired at the end of July.
With the stimulus negotiations now shut down through at least the weekend, this is a prime chance for the President to execute these orders to deny the Democrats receiving any credit from Americans suffering under the insane grip of their party’s governors around the country.
Biden’s gonna pick Susan Rice. The day just keeps getting better and better, according to a piece at the Wall Street Journal:
Susan Rice, believed to be a top contender to be Joe Biden’s vice presidential running mate, has sold a significant proportion of the Netflix Inc. shares she has acquired since becoming a company director in May 2018.
The former national security adviser and United Nations ambassador for President Obama exercised roughly a quarter of the more than 5,200 options she held as of this week, according to a Securities and Exchange Commission filing dated Thursday.
Mr. Biden, the presumptive Democratic presidential nominee, is expected to announce his running mate next week. Ms. Rice is viewed as a strong contender because she worked closely with him when he was vice president and he is known to value personal relationships.
Please, oh, please, please, please let this be so. Rice has the gravitas of a spoiled nectarine and the only reason for choosing her would be to prevent her from being indicted by John Durham prior to Election Day. The hilarious thing for Biden is that the Obama cabal may just be forcing him to make this move in order to protect their interests.
The talking points, they are a-changin’ for the communist Democrats. Both Andrew Cuomo and Chuckie Schumer suddenly reversed course today after months of pushing the narrative that it was just too darn dangerous to open schools this fall.
Sen. Chuck Schumer: "If we don't open up the schools, you're going to hurt the economy significantly." pic.twitter.com/Ne5znhvk2y
— The Hill (@thehill) August 7, 2020
BREAKING: New York governor says he’ll allow children to return to classrooms statewide, citing success battling pandemic. https://t.co/snCmIbJMNJ
— The Associated Press (@AP) August 7, 2020
Remember the first rule of understanding how Democrats work: Everything they do or say is dictated by polls. For several weeks now, they have felt comfortable that their campaign to keep the economy and schools shut down for as long as possible was not harming them in the polls. Today’s sudden shift in talking points on those subjects indicates they have received new polling data showing the public is waking up to their game and does not approve.
They also see their efforts to keep the economy in depression failing with today’s news on employment and the other positive economic indicators that have the NASDAQ setting new record highs on almost a daily basis. So now they suddenly have Pelosi offering to trim her ludicrous 3.4 trillion dollar wish list down to 2 trillion in one fell swoop so that they might sucker Mnuchin and Chief of Staff Mark Meadows into a bad deal that would allow them to take partial credit for any positive results.
Be glad Mnuchin and Meadows didn’t take the bait.
The tide is turning, folks. Have a great weekend.
That is all.
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