Posted on 06/05/2021 12:32:05 PM PDT by Kaslin
The White House is reeling after yet another sub-par jobs report dropped this week. After missing expectations by a whopping 700,000 in April, they managed to only come in at around 100,000 under in May; though, the big drop in the actual projection by the “experts” helped that equation (the projection was lowered from 1,000,000 the previous month to around 650,000 for May).
(see New Jobs Report Is the Worst Miss in History as Biden Administration Failures Mount and New Jobs Report Is out and It’s Not Good for Joe Biden or the Country)
But White House Chief of Staff Ronald Klain wants you to know that Joe Biden is doing so much better than the bad orange man.
If you didn’t criticize Trump when he created 150,000 new jobs a month in his first four months, what’s your critique of @potus when he’s added 530,000 jobs a month his first four months? https://t.co/QvrCufc6Ek
— Ronald Klain (@WHCOS) June 5, 2021
It’s Saturday, so I’m going weapons-free on gif usage. Buckle up.
Let’s talk about this completely moronic take from Klain.
When it comes to the jobs market, context is everything. The number of jobs added in a month being good or bad is completely dependent on the underlying condition of the economy. If you are short 10 million jobs due to forced government lockdowns during a pandemic, adding 500,000 jobs after those lockdowns are mostly lifted is not good. At best, it can be described as a lagging recovery.
On the other hand, if the economy is already at what most economists would consider full employment, adding 150,000 jobs is actually good. It means you are keeping up with population growth, while maintaining the already existent, high employment levels.
Further, employment is not the chief factor in judging how well an economy is or isn’t doing. Barack Obama had good employment numbers the last year or so of his presidency, but those came with meager growth and wage stagnation. Only after Trump booted a lot of the regulatory empire did things really take off for the American people. Now, those regulations are returning, especially in the commodities industries, and we are all feeling the pain of increased prices (inflation is also a big issue).
The facts here are simple. Joe Biden inherited an economy that had been artificially suppressed for over a year by government action. The downturn was not organic. All he had to do was go eat pudding, go to bed at 7pm, and let the economy do its thing — and job growth would have exploded by default.
Instead, he pushed for extended unemployment benefits, putting his boot on the neck of the jobs market. Thus, we are getting these fairly tepid jobs reports, when we should be setting records. That’s not a win, and Klain trying to spin it as such is pathetic, out-of-context nonsense.
The Biden Admin wants people to have jobs ?
Yeah right. /s>
Good analysis. Glad someone’s stating the facts. There’s so much lost down the commies memory hole.
Gummit jobs.
Americans without jobs is destruction of the American family. Those with jobs will be hit with increased taxes and inflation. That will be more destruction of the American family. The result will be more children who will destroy America. —The Plan.
I thought raggedy Ann Psaki said slojo had created more jobs than any president in history???
Everybody but his supporters.
Klain is BuckFiden’s ‘chief handler?’ I figured it was Susan Rice or ValJar.
Transitory
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