Posted on 12/06/2019 1:01:02 PM PST by EyesOfTX
Hmmmm…what could possibly be the reason for this? So hard to guess… – By now you’ve likely seen the news about today’s massive November jobs report for the U.S. Trump economy: 266,000 new jobs created for November, record low unemployment rate of 3.5%, record low unemployment rates for Blacks, Hispanics and women, and a 3.1% year-over-year real wage growth. Combine that with an inflation rate of just 1.4%, and you have a U.S. economy performing at peak performance levels.
But hey, you don’t have to believe me – just ask Jim Cramer, no fan of President Trump, who responded thusly on CNBC Friday morning:
Oh, and the jobs report was even better than its top-line number, with September and October’s initial low-ball numbers being upwardly revised by a total of another 41,000 jobs. Given the undeniable trend of about 80% of the initial jobs reports coming from the anti-Trump bureaucracy at the Labor Dept. having to be revised upwards, it is very likely that the November number will also end up being revised substantially higher in the next 30 to 60 days. That of course is a complete reversal of the revision trend during the Obama years, when the friendly bureaucrats would regularly publish inflated initial reports that would later be quietly revised downwards.
But it gets even better than that.
Up in Canada, whose boy prince Justin Trudeau was caught on video mocking President Trump at the NATO summit earlier this week, the government had to admit to a whopping LOSS in November of 71,200 jobs. According to the Financial Post, this was the worst monthly jobs report since 2009, and lowers the total job growth in Canada for 2019 to just 285,000. Thus, the U.S. economy just added virtually the same number of jobs in one month that Canada has added for the entire year.
Let’s all remember as well that Trudeau has reportedly urged Nancy Pelosi to hold up approval of the U.S./Mexico/Canada trade agreement (USMCA) for political reasons, and has spent his time in office following the Obama program of layering more and more national regulations over his country’s economy. At the same time, Trump has repealed more regulations than the past six presidential administrations combined.
Gosh, wonder if that’s had an impact? You think?
Interestingly, all of this only serves to emphasize the tin-eared buffonery of Quid Pro Joe Biden, who, after Trudeau’s mocking of a U.S. President on foreign soil, actually produced the following campaign ad to try to take partisan advantage of the incident:
The reality, of course, is that Biden still cannot grasp the fact that Trump was elected largely due to the fact that so many Americans detest elitist leftist nitwits like Justin Trudeau. Trudeau’s mocking of a U.S. President will only help Mr. Trump get re-elected next November, and the Trump Campaign will no doubt use Biden’s tin-eared ad as a tool in its arsenal should Biden end up being the Democrat nominee.
The fact that Democrats like Biden and San Fran Nan Pelosi, who also mocked the duly elected U.S. President on foreign soil earlier this week, celebrate when our country’s leader is disrespected by these globalist clowns tells us all we need to know about their true nature. And that true nature is very, very ugly indeed.
That is all.
That is frankly not that surprising given that the population of the US is about 10x that of Canada. So a monthly job gain for the US = a yearly job gain for Canada is about the same ratio.
My first thought also. The author didn’t think out his argument very well.
That occurred to me, too, but the much smaller population of Canada makes the loss of 72,000 in a month rather remarkable.
Exactly. Canada has maybe one tenth of the population of the U.S. So for them it's about the equivalent of losing 700,000 jobs....which is yuuuggggeee!
Equivalent to 720,000 loss in US terms.
That’s massive.
And you wonder why Airbus is ramping up production of the A220 (neé Bombardier C Series) plane at their Mobile, Alabama assembly line. At the rate Canada is going, most A220 airplane production will end up at the Mobile plant.
The Biden ad simply confirms how out of touch that clown is with what’s going on around him. The Democrats aren’t going to know what hit them next year...all the smoke and mirrors are gone and it leaves them standing there, naked in the truth that they have denied for decades: They don’t want to help people prosper, they want to make them dependent.
“Up in Canada, whose boy prince Justin Trudeau was caught on video mocking President Trump at the NATO summit earlier this week, the government had to admit to a whopping LOSS in November of 71,200 jobs.”
****
I’m heading back to Vancouver before Christmas. Asked my friends and family how is the economy days ago and they told me unanimously, it’s SH&T.
So easy a cave man could do it.
Re: An inflation rate of just 1.4%
Someone needs to explain that number to my landlord and my neighborhood grocery store.
Sweet Home Alabama!
Say WHAT? Pelosi colluding with a foreign country to advance her own political agenda and enrich herself with a reelection over and above the national security of the USA? Say it ain't so....
Sure their economy is SH&T, but if they need a hip replacement the benchmark for their health system is within 182 days wait time. Not one province hits that lofty goal more than 88% and the country as a whole manages 75%.
link to the Canadian institute for health information,
http://waittimes.cihi.ca/procedure/hip#year
So a loss of 70,000 jobs in Canada is relatively the same as a 700,000 loss here in the US. Justin probably needs to go blackface incognito for a while if out in public.
Sounds like Canada’s PM has been goofing off on the job.
Equivalent to a 700,000 loss in the US.
Touche! Well done.
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