Posted on 06/07/2020 11:09:07 AM PDT by John Semmens
According to the Department of Labor's May report on employment, non-farm payrolls rose by 2.5 million and the unemployment rate fell to 13.3%—the biggest positive shift in more than 80 years. This confounded a Wall Street Journal prediction that these payrolls would decline by 8.3 million and unemployment would rise to 19.5%--the highest since the Great Depression.
President Trump hailed the jobs numbers and said "the great enterprise of American business owners and workers is the key driving factor. As the lockdowns are being eased, the boom stimulated by the tax cuts and deregulation we implemented earlier in my term is resuming. I'm confident that we'll go back to having the greatest economy anywhere in the world."
Senate Minority Leader Chuck Schumer (D-NY) pooh-poohed the jobs report, pointing out that "13% unemployment is nothing to cheer about." Democratic National Committee Chairman Tom Perez boasted that "this is the largest unemployment crisis since the Great Depression and it happened on Trump's watch. Voters will punish him for that."
Democrat presidential nominee, former Vice-President Joe Biden denied that Trump deserves any credit for the rebound, saying "Trump neglects to mention that it was largely Democrat governors and mayors who enforced the economy-strangling lockdowns that laid the foundation for the sharp recovery. Without the losses inflicted by the shuttering of nonessential businesses and jobs, there would not have been an opportunity for a vigorous bounce. On top of this, Trump is overlooking the massive stimulus from the need to rebuild the cities destroyed by arson and looting. These cities are all governed by Democrats. The role of our Party in the events making this possible should not be forgotten."
if you missed any of this week's other semi-news/semi-satire posts you can find them at...
http://www.gopbriefingroom.com/index.php?topic=404382.0
“Democrat presidential nominee, former Vice-President Joe Biden denied that Trump deserves any credit for the rebound, saying “Trump neglects to mention that it was largely Democrat governors and mayors who enforced the economy-strangling lockdowns that laid the foundation for the sharp recovery. Without the losses inflicted by the shuttering of nonessential businesses and jobs, there would not have been an opportunity for a vigorous bounce.”
Translation: “Without us to stick a board in your bicycle spokes, you would have never been thrown off and got back on your bike again.”
Well, this article is somewhat correct. Just think about all the jobs the rioters created in the glass industry. All of those glass store fronts will need to be replaced.
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