Cont: The Trump Presidency VIII

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155,965,000 Employed in June: 11th Record-Setter Under Trump

The Labor Department's Bureau of Labor Statistics says a record 155,965,000 people were employed in July, the 11th record-breaker since President Trump took office 19 months ago.

BLS said the economy added 157,000 jobs in July.

The unemployment rate edged down to 3.9 percent, as the number of employed people reached new heights, and the number of unemployed persons declined.

https://www.cnsnews.com/news/article...er-under-trump (Aug 3, 2018)



"If that's what being crazy is, then I'm senseless, out of it, gone-down-the-road, wacko."
-- Randle McMurphy (One Flew Over the Cuckoo's Nest)

What you, and Trump, fail to mention is that unemployment fell steadily during the Obama years after he inherited the Great Recession from GWB. Trump takes credit (what a surprise) as if it's his policies that caused the numbers we are seeing now. As usual, Trump cannot give Obama credit for creating this downward trend and takes all the credit:

Trump, May 5: We have a lot of job openings. And people that weren’t hiring for years and years and years — all of a sudden, we have jobs.

But the facts do not support (again, surprise, surprise!) Trump's claim:

Job openings continued to decline in the first several months under Obama, reaching a low point of nearly 2.2 million in July 2009. The recession ended a month earlier in June 2009.

But in the post-recession period, the number of job openings has increased at a pretty steady pace. It broke the 3 million mark in April 2010, the 4 million mark in October 2013, and the 5 million mark in January 2015.

By April 2015, the number of job openings reached 5.62 million — the highest since BLS began publishing the data in December 2000. During Obama’s eight years, the number of job openings nearly doubled from 2.77 million in January 2009 to 5.44 million in January 2017, an increase of 96 percent.
https://www.factcheck.org/2018/05/trump-spins-rise-in-job-openings/

Obama had the unique disadvantage of taking office in the midst of the worst financial crisis since the Great Depression. More than 4 million jobs were lost in his first year in office, on top of the 4 million lost in George W. Bush’s final year.

Over Obama’s eight years in office, the economy added a net total of more than 11.6 million jobs — a gain in total nonfarm employment of 8.7 percent, according to the Bureau of Labor Statistics.


Unemployment — The unemployment rate was high when Obama took office — 7.8 percent — and it continued to get worse in his first year. It peaked at 10 percent in October 2009 and didn’t drop below 9 percent until two years after that.

But slowly, and more or less steadily, the rate improved. By the time Obama left office, the jobless rate had dropped 3 full percentage points, an improvement exceeded only by the slightly bigger declines during the Clinton and Kennedy-Johnson administrations.

By the time Obama left office, the jobless rate was down to 4.8 percent — well below the historical norm of 5.6 percent (the median rate for all the months since Truman’s inauguration in January 1949).

https://www.factcheck.org/2017/09/obamas-final-numbers/
 
That could only be because he is not aware of it.....yet.
Kelly probably taped a list to the Resolute desk (or whichever), in bold wide tip red Sharpie, titled... "DO NOT MENTION THESE NAMES".
:D

- I kid... only because Kelly's smart enough to know any such paper would have leaked. And that would be... awkward. ;)
 
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"If that's what being crazy is, then I'm senseless, out of it, gone-down-the-road, wacko."
-- Randle McMurphy (One Flew Over the Cuckoo's Nest)
  • Lag time in impact of policy. Note that all countries had been growing, many at a good pace, prior to the latest Trumpian faux pas.
  • Employed <> gainfully employed. Devil in the details, which is why saintly GOPers can't bear to look at the facts.
  • Debt-financed. Same bubble bursts and massive bailouts that accompany Republican "budgets" will occur. See S&L crisis in mid 1980s, at start of the vote-buying trend Uncle Ronnie started. See current attacks on Dodd-Frank, the watered-down version of the Depression-era measure, Glass-Steagal.
Altogether, a miracle economy was handed the whine boy on a platter, unlike the heavy lifting Obama had to face. Too bad Trump decided it was time for a food fight. When the adults are back in office, once again cleaning up the mess, once again the little boys will whine that it's unfair anyone should have to act responsibly, except poor black people. Once again, they will convince the mob if the big boys get lollipops, they will to. It's the Ignorance Strategy, piggybacking on the Southern Strategy.
 
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I am not sure Trump has gone so far as to embrace The Daily Stormer, but give him time....

That could only be because he is not aware of it.....yet.


I don't think it matters much if he is or not. He's already re-tweeted enough White Supremacist garbage that The Daily Stormer brags about how much he supports their cause.

It would be a distinction without a difference.
 
I don't think it matters much if he is or not. He's already re-tweeted enough White Supremacist garbage that The Daily Stormer brags about how much he supports their cause.

It would be a distinction without a difference.

The mere fact that neo-nazis support Trump should be enough to tell people something about how they view him on racism and bigotry. Sadly, for many of Trump's base, it does. Not all Trump supporters are racists and bigots, but racists and bigots support Trump.
 
There is going to be violence;the Trump supporters will start physically assaulting "The Enemies Of The People". It's only a matter of time.

And Trump will claim that Enemies bought it on themselves through their own behaviour.

At which point I think, with the POTUS openly supporting illegal violence, I think
the time to fight the Trump Adminsitration by "any means necessary"come. I really hope it does not come to that. But I am afraid it will.

He already promised to pay legal bills for supporters who assaulted protesters before he was even elected.
 
The mere fact that neo-nazis support Trump should be enough to tell people something about how they view him on racism and bigotry. Sadly, for many of Trump's base, it does. Not all Trump supporters are racists and bigots, but racists and bigots support Trump.


A broader perspective:
Trump hates what he can't buy-off with money or control with threats and fear. He is behaving more and more like a fascist because it comes naturally to him, and because he is driven crazy by democracy.
https://www.salon.com/2018/08/01/trumps-matter-of-fact-fascism/
 
155,965,000 Employed in June: 11th Record-Setter Under Trump
"If that's what being crazy is, then I'm senseless, out of it, gone-down-the-road, wacko."
-- Randle McMurphy (One Flew Over the Cuckoo's Nest)

If it was true that there has been a big bump in employment since Trump took office -- and there was a tangible reason why The Dunce was at least in part responsible -- that would be very important and I guess those of us who oppose him would have to revise our opinions. But it's not really true, at least not in the way it's presented, that the great man is responsible for this instead of merely having been elected when the economy is in an up cycle. What's scary is, those who make the claim seem incapable of acknowledging that reality, even to themselves.

Thus I would say yes, Randle, you're wacko. Crazy as a bedbug. ;)
 

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What you, and Trump, fail to mention is that unemployment fell steadily during the Obama years after he inherited the Great Recession from GWB. Trump takes credit (what a surprise) as if it's his policies that caused the numbers we are seeing now. As usual, Trump cannot give Obama credit for creating this downward trend and takes all the credit:



But the facts do not support (again, surprise, surprise!) Trump's claim:


https://www.factcheck.org/2018/05/trump-spins-rise-in-job-openings/








https://www.factcheck.org/2017/09/obamas-final-numbers/

And Slings and Arrows whole approach just smacks a little bit to much of the whole 'Mussolini was ruthless dictator who destroyed freedom in Italy, but he made the trains run on time" argument for me.
 
Trump's history of non-payment of debt makes that "promise" pretty worthless. ;)


That leaves threat and fear, which has reportedly been pretty effective against small creditors. "You sue me, and I'll tie you up in court for years and you'll never work in this town again!" For many, it's cheaper to just slink away.
 
To Trump, only FOX isn't 'fake'. All other media that dares actually report what he says and does and dares criticize it is 'fake'.
Trump doesn't care about consistency.

Trump lives in the moment, as does his disciples. If CNN says something nice about him, he praises the channel on Twitter and might even show up for an interview. Then they post something critical and all of a sudden they're all fake news.

Consistency to Trump isn't "good or bad", it's "with me or against me".
 
And Slings and Arrows whole approach just smacks a little bit to much of the whole 'Mussolini was ruthless dictator who destroyed freedom in Italy, but he made the trains run on time" argument for me.

Which, of course he didn't - so an entirely appropriate analogy.

It's easier to break an economy than fix it.
 
Trump doesn't care about consistency.

Trump lives in the moment, as does his disciples. If CNN says something nice about him, he praises the channel on Twitter and might even show up for an interview. Then they post something critical and all of a sudden they're all fake news.

Consistency to Trump isn't "good or bad", it's "with me or against me".

It's almost as if people suffer from CNN Derangement Syndrome...
 
Trump Tweets

"July is just the ninth month since 1970 that unemployment has fallen below 4%. Our economy has added 3.7 million jobs since I won the Election. 4.1 GDP. More than 4 million people have received a pay raise due to tax reform. $400 Billion brought back from “overseas.” @FoxNews"

"NASA, which is making a BIG comeback under the Trump Administration, has just named 9 astronauts for Boeing and Spacex space flights. We have the greatest facilities in the world and we are now letting the private sector pay to use them. Exciting things happening. Space Force!"

"Almost 500,000 Manufacturing Jobs created since I won the Election. Remember when my opponents were saying that we couldn’t create this type of job anymore. Wrong, in fact these are among our best and most important jobs!"
 
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