Monday, March 11, 2019
LOL Larry Kudlow: 22,000 new payrolls in February 2019 "fluky", but 54,000 in May 2011 "meager", economy "sputtering", possibly a sign of recession
In recent weeks, a whole bunch of new economic stats have been pointing to a sputtering economy -- maybe even an inflation-prone, less-than-2-percent-growth recession. Stocks have dropped five straight weeks, as they look toward slower growth, jobs, and profits out to year end. And Friday's jobs report didn't buck these trends.
"Anemic" is the adjective being tossed around the media. According to the Labor Department, nonfarm payrolls increased a meager 54,000 in May, while private payrolls gained only 83,000. A week or two ago, Wall Street expected 200,000-plus new jobs. Didn't happen.
I remember when Trump promised a 10% spending cut in Jan 2017, now Kudlow announces a 5% cut after Republicans spend us blind: 100% politics, 0% serious
Trump to whack DC with 10% cut to discretionary spending, 20% cut to personnel
What a crock that turned out to be.
Federal employment is exactly in Feb 2019 where it was in Nov 2016: 2.799 million.
And outlays? Look at the outlays!
Outlays in fiscal 2017 were up 3.3% from 2016, up another 4.8% in 2018, and up again in fiscal 2019 a whopping 5.6%.
Overall for fiscal 2019 spending is up 14.4% from 2016.
Just in time for the next election cycle, however, Larry Kudlow is out promising a spending cut of 5%.
Total BS.
Did Billy Cunningham mention the Trumpster's lousy February jobs number last night?
If he did I must have missed it.
20,000 jobs in February, worst performance in 9 years, but Billy Cunningham blathered on about how socialism fails and how Americans enjoy a high standard of living because of great companies like Kroger, Amazon and Walmart. No mention of this huge anomaly in the Trumpster's so-called economic boom.
I can remember when Walmart was widely perceived as the enemy by wide swaths of America because it destroyed mom and pop stores wherever it decided to leave its giant footprint. Walmart defended itself against this opposition with its "Buy American" policy, but those days are long gone now. Walmart and Amazon are now storefronts for Communist China and the globalism which took away America's best jobs for ordinary folks. And the tax breaks generally provided by state and local governments these days to get big businesses to locate where they are is hardly capitalism, but favoritism, state capitalism and fascism. Too much of American life is now the people vs. government and business allied together against them.
But more to the point is that Billy Cunningham's idea of a great America is an America that consumes, whereas the Protestant ethic which truly made America great was the one where people saved, invested and consumed beneath their means. I guess that ethic is not part of the Sunday homily at Billy's church.
It has been because of losing touch with this real meaning and practice of capitalism which has produced the moribund economic conditions where socialism now appears more attractive to growing numbers of Americans for whom capitalism-light has failed to deliver.
Too bad Billy doesn't really get it.
Whites are over 77% of the population, but received just 7% of the net new jobs since the Great Recession as of Feb 2019
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| up net 963,000 in Feb 2019 |
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| up net 6,569,000 in Feb 2019 |
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| up net 3,023,000 in Feb 2019 |
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| up net 2,637,000 in Feb 2019 |
Hispanics took 50% of the net new jobs.
Sunday, March 10, 2019
Using the historical average of labor participation, 2.3 million more people age 16-24 should have been in the labor force in 2018 than were
The civilian labor force level of people age 16-24 averaged almost 21 million in 2018, 55.2% of the civilian noninstitutional population age 16-24 averaging 38 million. Upping the participation rate simply to the average of 61.2% for all the years shown in the graph below would have raised their labor force level to 23.3 million, 2.3 million higher than actual.
Too bad for them, the low paying jobs they need to get work experience and a leg up on life are being taken by immigrants imported by the millions by the two political parties.
The ones we don't kill in the womb we torture in other ways.
The ones we don't kill in the womb we torture in other ways.
Trump throws Coulter under the bus just like every other woman he has used
Trump used Coulter, not for sex but for the immigration issue, which he stole from her book. Now lies like a rug about it, same as ever. No "wall" is being built. There are renovations only using "fence". Illegal crossings are soaring. Catch and release is soaring. No one's fault but Trump's alone.
We are into Trump's third year as president and Ingraham Angle is still blaming policy failures on Obama holdovers
When exactly is Trump going to become president of the United States? After 2020? We don't have time for the training wheels to come off.
Maybe Trump's policy failures on immigration are HIS FAULT. Blaming Obama holdovers is ridiculous when Bush 41 cleaned house on accession by firing all the Reagan administration holdovers OVERNIGHT.
This reminds me of nothing so much as the Limbaugh Theorem, not holding the president accountable for his own policies, except now Republicans are doing it.
Trump is doing nothing because that's the way he wants it. It's politics, not policy, and for playing politics with the nation's integrity and security, for that alone he shouldn't be president right now, let alone in 2020.
Trump is every bit the scoundrel now his past life says he always was.
Taxpayers fund commercial flights for illegal immigrants
Saturday, March 9, 2019
Trump's had strong wage gains in excess of 3% in six out of the last seven months for 80% of workers
Aug: 3.1%
Sep: 3.4%
--
Nov: 3.4%
Dec: 4.2%
Jan: 3.3%
Feb: 3.5%
Keep in mind that wage gains were similarly strong just before and even during the Great Recession.
Alexandria the Great complains of "dark money" in politics but has plenty of her own
Tom Anderson, director of the National Legal and Policy Center's Government Integrity Project, said: "It appears Alexandria Ocasio-Cortez and her associates ran an off-the-books operation to the tune of hundreds of thousands of dollars, thus violating the foundation of all campaign finance laws: transparency." ...
Adav Noti, the senior director of the Campaign Legal Center and a former FEC lawyer, said the arrangement was highly unusual and seemed intended to obscure the destination of the funds. "None of that makes any sense," said Noti. "I can't even begin to disentangle that. They're either confused or they're trying to conceal something." ... "It does seem like there's something amiss. I can only think of really two likely possibilities for this sort of pattern of disbursements," said Noti. "One is the scam PAC possibility — they're really just paying themselves and they’re concealing it by using the LLC. The other is that there’s actually another recipient, that the money is going to the LLC and then being disbursed in some other way that they want to conceal."
Friday, March 8, 2019
As of right now, Trump will not win reelection with Michigan
But since only 31 percent of all of those surveyed
said they would definitely vote again for Trump, it shows a problem for
Trump even among those who would be expected to be his most loyal
supporters — the 42 percent who identify as Republican voters. "The vote to re-elect numbers are 31 percent — 11
points below the (Republican) Party identification. That spells trouble
for him," said Porn. "And there are people who are saying they like
him, or are giving him a positive job rating, who are still saying they
won't re-elect him. That gap is a problem." ... For the poll, EPIC-MRA of Lansing randomly surveyed
600 likely voters in Michigan between Sunday and Thursday of this
week. The margin of error is plus or minus 4 percentage points.
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