Yesterday was Labor Day and the election is only 60 days from reality so naturally Donald had to try and take a victory lap (he failed)…….
The US president began by boasting of what he called the “spectacular” performance of the American economy, which he claimed was outperforming that of every other nation. “We are rebounding much more quickly from the pandemic,” he said. “We have added a record-setting 10.6 million jobs since May.”
Since the US economy lost 21.2 million jobs officially in March and April—plus another 10 million or more when contractors, the self-employed and other contingent workers are included—this Trump claim merely demonstrates the gulf between the real conditions of life for working people and the fortunes of the superrich, which have fully recovered and in some cases risen sharply because of the pandemic.
Hailing the creation of one-half or one-third the number of jobs wiped out by the COVID-19 pandemic is like cheering the dispersion of flood waters after Hurricane Katrina: The damage has been done, and the wreckage stretches as far as the eye can see.
Before you ask…NO I did not watch it but I did read about it…..and for those interested I have the transcript of the speech.
Donald Trump: (00:00)
We called some people, wished them a very happy Labor Day and they told us how they’re doing. And we really celebrate the American worker. We are in the midst of the fastest economic recovery in US history. So we have a lot to be thankful for including this really beautiful day. So I thought we’d do this outside as opposed to your more normal place. The United States experience the smallest contraction of any major Western nation. You probably know that you look around and see how we’re doing compared to every other nation. And our rise is spectacular and we’re rebounding much more quickly from the pandemic. The US economy added 1.4 million jobs last month. We’ve added a record setting 10.6 million jobs since May… 10.6 million jobs since May, that’s a record that is not even close as second place it’s a long ways away. In July the congressional budget office was projecting unemployment over 10.5% through the end of 2020. So they thought 2020, and maybe it would be a lot longer than that. Some projections where you go through the entire year, and that includes a lot of months in the following year, 2021.
But for those that are too lazy to read then listen for yourself…..
A typical rambling Hodge-podge of lies, exaggerations and bulshit…..I still just shake my head at the lengths this toad will go to appear as if he knows what he does.
I Read, I Write, You Know
“lego ergo scribo”