Two days ago during President Biden’s announcement of new sweeping and much stricter Covid vaccine mandates, he noted how the economy was improving – a ‘booming economy’ and monumental job creation under his leadership.
The same day he made that made announcement, the Labor Department released another round of jobless claims.
The United States recorded another 310,000 people filing jobless claims for the week ending September 4th. The media proclaims that these numbers are the lowest since the start of the pandemonium in 2020.
Regardless, these numbers translate to about shy of 2 and three-quarters of a fully-packed University of Michigan football stadium (approximately 115K).
ShadowStats – an alternative economic outlet – says that the real U.S. unemployment rate is sitting around 25.4%, as of their last August update.
These jobless numbers, just like last week (as noted by The WinePress), have essentially wiped out the reported jobs creation for the entirety of August – in a just a single week, not factoring in the other weeks of jobless claims that have been in the mid-300,000’s each week.
And because of that, Biden himself presented a proposed tax hike to make up these losses, even though he claimed on Thursday the economy is booming and is see record job creation.
The WinePress every week reports on the jobless claim numbers, and they easily erase the most of the reported job creation in America – many of which are in the low-paying service sector (restaurants, bars, hotels, resorts, etc.), government positions, education, and others; with manufacturing and construction-based occupations seeing small gains, or losses each month.
Even the Federal Reserve admitted recently that the economy is “downshifting” (slowing down), and inflation continues to climb at a steady – as reported by Gregory Mannerino, of TradersChoice.net and writer for the Trends Journal.
AUTHOR COMMENTARY
A wicked doer giveth heed to false lips; and a liar giveth ear to a naughty tongue.
Proverbs 17:4
Sloppy Joe is just a puppet on a string: he doesn’t run anything. And for anyone to believe his lies is a liar also.
Hardly many people want to talk about it, but the economy is dead, it’s over. It’s about being prudent for survival right now, to come out of this self-consuming vortex. I have explained this is many other reports.
The rich ruleth over the poor, and the borrower is servant to the lender.
Proverbs 22:7
The Quickest Way To Know The Economy Is Broken Beyond Repair
America’s Trade Deficit Reaches A New Record High, As Jobless Claims Fall
A Tsunami Wave Of Evictions Are Set To Begin In America. Landlords Are In A Bind
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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If the economy is booming, then I’m a kangaroo. Americans, republican and democrat alike, are living in la la land. This country is like a train with the brakes out and the bridge is gone up ahead and it’s going to go into the canyon and make a colossal crash.
I used to be a hardcore patriot, little did I know I was being an idolater, and these fake church buildings that echo out their allegiance to America and grovel at the feet of their conservative presidents or politicians are in for quite a surprise that they will not like!
Biden is a Jesuit leftist agitator par excellence and he is too smart to believe his own lies. His Alzheimer’s act is just that…….he is as crazy as the fox.His comments are meant to stir up ire in decent, hardworking American citizens so as to push them into the New Catholic Right. Don’t fall for it. Play along to survive if it comes to that, but never get your hands dirty with their Roman Catholic garbage.Let them devour each other.
Amen, totally agree.
Hmmm, I think he has been using his son’s crack pipe. Have some tea, and a cookie, and take a nap, Joe; it will be alright.
Mitch – Will someone change Joe’s “depends”, he is ready for nap time!