The Labor department released the weekly jobless claims this morning. America has now lost yet another 498,000 jobs, almost a half of million.
If you follow our weekly jobless reports, then you know how I constantly talk about how the media goes bananas whenever the jobless claims fall just a tiny bit. The media, on both sides of the coin, are trying to convince the masses that what they are seeing is not bad at all. As a reminder, to keep things in perspective, the max capacity of the University of Michigan football stadium, the largest one with roughly 115,000 seats – has now just been filled over 4 times in just the course of a week. Think about how many people that is.
But not according to the media. Take a look at a clip from CNBC and look at the ecstasy and euphoric high this man has.
This liar even attempts to convince the viewer that somehow losing an average of over 200k under the Trump administration is somehow a good thing. You can’t make this stuff up.
As I always say, do NOT buy into the hype. The media is severely downplaying the severity of the economy. It is a ticking time bomb waiting to explode. Prepare accordingly.
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