Back in late May, I wrote an article about a top Obama economist predicting that the U.S. would see the “best” “economic data” in its history in the few months preceding the 2020 election. Some economists even predicted the economy to make a “V” shape following the heavy downturn as the pandemic hit and lockdown measures were put into place. Seemingly, the economists were right.
For the months of July, August and September, aka the third-quarter, the GDP grew at an unprecedented 33.1% annualized rate, which is utterly record-shattering. For reference, the previous post-World War II GDP record was in the first quarter of 1950 when the GDP grew at 16.7%.
Unsurprisingly, President Trump’s campaign celebrated this achievement (particularly as it’s so close to the election), saying in a statement:
“This record economic growth is absolute validation of President Trump’s policies which create jobs and opportunities for Americans in every corner of the country. The President built the world’s best economy once and he’s rapidly doing it again, proving that cutting taxes and reducing regulations and red tape clear the way for American ingenuity and our entrepreneurial spirit to thrive.”
“We have regained more than half of the jobs lost to the global pandemic in less than six months, while it took more than two years to regain half of job losses from a recession while Joe Biden was in charge. President Trump will continue to safely reopen the country, while Biden is the candidate of lockdowns, inviting another economic shutdown which would devastate working people and cause even more health problems above and beyond what the coronavirus has caused.”
The campaign also noted that Joe Biden “has been an economic disaster for nearly five decades in Washington, backing disastrous trade deals and putting China’s interests ahead of American workers. Biden’s plans for a $4 trillion tax increase and Green New Deal regulations on every person, business, building, and farm in the nation would kill this recovery while it’s already in full swing. For voters, the choice is simple: It’s a Trump boom versus a Biden depression.”
Director of the U.S. National Economic Council Larry Kudlow also gave great praise for these numbers:
“We’ve never had anything remotely close to this. And let me add, this thing was kicking on all cylinders. Automobile production, for example, up over 1,100 percent in the third quarter, big numbers on consumer spending, big numbers on housing, big numbers on capital equipment machinery and manufacturing and so forth.”
He also noted that inventories were depleted, “so inventories are going to be rebuilt. This quarter the momentum is going into the fourth quarter and will go into 2021, assuming policies are good. This is not a one time in fact this is going to go on. It’s a strong, strong recovery. The V shaped concept that I coined a while back, looking pretty good right now.”
While we are still not quite where we were before the pandemic hit, we are by far the closest to those levels out of any major country which has been severely affected by the Chinese coronavirus.
Comparing the U.S. with all European countries, we are definitely doing the absolute best out of everyone.
Italy is still at -11.2% from where they were economically before the pandemic hit them. Spain is at -10.9%. It’s no coincidence that these are also two of the hardest hit countries in Europe, but consider that the U.S. is number one in number of cases and deaths, with a far bigger population.
The Left can say whatever nonsense statement they want about Trump’s handling of the virus, but I am GLAD that I do not live in these poorly-run nations which are still locking people down and looking to impose even heavier lockdowns.
Out of all European nations, Poland is the closest one to being at pre-pandemic levels, and still, they are behind us at -4.6%.
This, frankly speaking, says plenty about how well Trump is doing at handling the virus and the economy as a whole. Keep in mind that these are the economic numbers we are seeing with states like California and New York basically being tied behind our backs.
In other words, these are the numbers we are seeing WITHOUT two of the most economy-influencing states in the country. New York used to be the financial capital of the world (it ain’t coming back until New Yorkers get rid of the economic policies that the Democrats have implemented which have destroyed the state) and California is also a massive financial center due to Silicon Valley and Hollywood, as well as other things.
Those two states are still imposing huge lockdown measures. Now imagine the numbers we’d be seeing if every state was fully open today. I could hardly imagine how well we’d do, but I believe we would easily get back to either meeting or exceeding pre-pandemic levels.
Also, while in the second quarter a lot of Leftists were blaming Trump for the GDP plunging some 30 percentage points (really, it was 9 points, which is still bad but nowhere near as bad and also it was pretty understandable given the circumstances), I have yet to see any Leftist giving Trump credit for the economy climbing back 33.1% in the third quarter (annualized rate, 7.4% quarterly). While the economy fell 9 points in Q2, it grew this quarter by 7.4. We are still not out of the woods, obviously, but we easily would be if the aforementioned states were reopening as opposed to looking to extend the lockdowns and telling people how many family members people can have for Thanksgiving.
At any rate, we are seeing the “V” shaped recovery that economists were expecting some time ago. It happened a little later than expected, perhaps, but happened nonetheless and this is largely because of the great policies that Trump has implemented (which led to the original economic boom for the first three years of his presidency) and because of some states coming to their senses and realizing that they have to re-open.
And following the election, provided that Trump wins again, we will see these great numbers continue and even improve henceforth. The Democrats will have no real reason to continue with the lockdowns if they are no longer helping them against Trump (they never did help them in that regard, but following a Trump win, they would come to realize this).
The media might still continue reporting on the virus just to have some ammo against Trump (and because Trump keeps saying that they will stop talking about it altogether after he wins, so they will be tempted to “prove him wrong”), but they will move on to other things to try and hurt him. If Trump wins again, their only option for getting rid of him will be through impeachment and removal, so they will begin cooking up another scheme which will undoubtedly fail if they do not have enough votes in either chamber.
So if Trump wins again, prepare yourselves for another round of impeachment b.s., this time for the next four years.
At any rate, it is fantastic that we are seeing these numbers, particularly so close to the election. Trump is rebuilding this economy and we will see even better numbers next quarter and especially the one after that, provided that California and New York (and other states) begin fully reopening.
Here’s hoping Trump wins again so that we may continue the economic boom where we left it off at the beginning of the year.
“Commit your work to the Lord, and your plans will be established.”
2020, as I have said in the past, has been a very rough year for everyone. For a time, tens of millions of people lost their jobs or they were furloughed and many small businesses went under, with few being likely to recover, while mega corporations have only grown as a result. However, the economy is making a comeback, and perhaps the biggest indicator of this, at least for the foreseeable future, is the stock market.
The markets usually work as a foretelling of the future, based on what people in the markets think will happen soon. It’s not an exact science, of course, but the big dips in the market in the earliest months of the year foretold the economic trouble we would face soon after, but now, the markets are back, with some hitting new record highs and mostly or completely wiping out the losses throughout the pandemic.
An economic recovery certainly helps Trump, much to the dismay of the Left who were salivating at the idea of a ruined economy for a chance to get Biden (or Harris) elected and finally bring America down. We are seeing an economic recovery right now, even as things still aren’t quite to how good they were pre-Chinese coronavirus, and this sort of recovery spells good news for a Trump re-election.
According to The Socioeconomics Institute, Trump has an 87% chance to win re-election if the market is above 28,052 on Election Day (Nov. 3rd). For the record, before the pandemic hit, the Dow Jones was at 29,500 and bottomed out at 18,591 on March 23rd.
Now, while a lot can happen in between now and November 3rd, as I have been saying all along, the current economic future looks bright, provided there are no major surprises that blindside us. Even the momentarily terrifying reality of two hurricanes hitting the states at the Gulf of Mexico has sort of dwindled as the two super storms have weakened over time.
But provided that nothing majorly bad occurs, Trump is in good position to win, according to the model. As it stands, the Dow Jones is hovering around 28,600, roughly a thousand points shy of the prior record which is fairly reachable at this point.
More specifically, the Institute notes that if the Dow Jones is anywhere over 23,377, Trump has at the very least a mild chance of winning re-election, while if the Dow is between 22,208 and 23,377, Biden has a mild chance of winning. Obviously, anything below 22,208 and Biden as a strong chance of winning.
The reasoning behind the Institute’s model is due to them studying all presidential races where an incumbent was running for re-election and in their research, they found that “the strongest correlation with incumbents’ margins of victory or defeat” was the net change in the market for the three years leading up to the election.
The last three years have been fairly strange, at least with this year in comparison to the last two. Ever since Trump became President, this country saw nothing but economic success. Following Trump’s election, the Dow Jones went up 2,000 points from election day to inauguration day. The market was excited for a Trump presidency. Time and time again, I noted how the economy was absolutely booming, with the unemployment rate hitting record low after record low, in general and for minorities.
We had such a roaring economy that during the Democrat primaries, NO ONE was talking about the economy. Despite it usually being at the top of people’s concerns heading into an election, not one Democrat dared to talk much about the economy because they KNEW they couldn’t fool everyone into believing it wasn’t real. Often times, their only, and flimsy, argument was that it was somehow “Obama’s” economy, even after three years of a Trump presidency.
It really speaks to their poor, phony character that the Left would blame Obama’s predecessor for all of his economic failures and steal the credit that rightfully belongs to his successor for a booming economy. The Obama economy was flat and stagnant, which is rather impressive for the fact that he inherited a recession and did NOTHING to make it better. And ever since Trump came along and made things better, they somehow got it into their minds that the credit belongs to the guy who had EIGHT YEARS to make it better and didn’t. That the guy who spent less than a year rebuilding the economy had nothing to do with it, even as it was happening under his watch, even as they had a guy in his same position for eight years who accomplished absolutely nothing.
Then, once the pandemic hit and local and state governments decided to completely shut things down, which naturally led to an economic downturn, only THEN did Democrats, specifically Joe Biden, start to talk about the economy and lie about how Obama and Biden rebuilt the economy after their 2008 win and Trump destroyed it.
Now that the economy is back strong, the Democrats are once again without a message, other than “Orange Man Bad”.
Now, all they have is “Trump is a racist” while citing no evidence and while having the most racist ticket in I don’t know how long. Seriously, for the first time in roughly a century, the Democrats are running a segregationist and a slave owner as their presidential and vice presidential candidates.
Now, all they have is “Trump is a sexist” while citing no evidence and while having a guy who is well-documented in sexually harassing women and who picked his VP largely because she is a woman.
Now, all they have is “Trump is evil” while citing no evidence and while running the most pro-death ticket in political history. And I’m not just talking about abortion here, though they are extreme proponents of it. I’m also talking about being anti-police (rather ironic, considering Harris’ former professional position) and supporting the violent riots (calling out the violence in general does not tell me Biden is against this. It’d be like watching a terrorist attack and denouncing the violence itself as opposed to those who perpetrated it, though they have done this plenty in the past, so I suppose there is precedence for this disgusting behavior).
The economy is making a great comeback following the closures, which is why the Left has turned back to reporting largely about the virus in an effort to scare people into locking things down again. They report “new cases” as though they are equal to “new deaths”, which isn’t at all the case (pun intended).
If nothing else, the economy would carry Trump into 2020. A damaged economy means a damaged Trump heading into the election while a strong economy means a strong Trump. We are still not quite where we were pre-pandemic in terms of economic strength, but we are getting there. This is a nightmare for Democrats and it showed throughout the DNC and the RNC.
I only pray to God that the economy will continue getting better and exceed where it was pre-pandemic and that Trump utterly trounces Joe Biden and the Democrats, giving them a defeat they haven’t seen since 1984.
“And we know that for those who love God all things work together for good, for those who are called according to his purpose.”
Almost a month ago, I wrote about the great economic news for the May jobs report, in which 2.5 million jobs were created and the unemployment rate fell to 13.3%.
Well, on Thursday, we received even better news for the month of June (which was a rather chaotic one, even by 2020 standards), and the numbers are even better. According to the Bureau of Labor Statistics, the economy created 4.8 million jobs in the month of June and the unemployment rate fell to 11.1%, as the country continues battling with the Chinese coronavirus pandemic (though some governors have insisted on re-closing, which is the wrong thing to do, in my opinion).
The BLS said in a statement: “These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) pandemic and efforts to contain it. In June, employment in leisure and hospitality rose sharply. Notable job gains also occurred in retail trade, education and health services, other services, manufacturing, and professional and business services.”
The report also showed that black unemployment dropped from 16.8% to 15.4% and Hispanic unemployment fell significantly from 17.6% to 14.5%.
Labor economist at the University of Tennessee told the Wall Street Journal: “We’re in the beginning of a slow recovery. I think the recovery will stall out if we don’t get control of the virus.”
While the virus does, indeed, have some impact on the current economic climate, there is no denying that the biggest factor was multiple governors’ decision to close down businesses (unconstitutionally). Naturally, businesses would have made adjustments to account for public health and safety, but being rendered inoperable via governors’ orders was going to cause far more economic damage than the virus itself.
So I think the economy will continue doing well, provided governors don’t panic (as some have done, including Texas Governor Gregg Abbott, ashamedly so) and look at the number of increasing cases (brought on by weeks of protesting and riots, not that the media would ever dare point to that as the reason) instead of the fact that hospitalizations have not increased that much or that deaths have still been going down (a rising number of cases also could be an indication of increased testing, since that is also what we are doing).
Provided that (Republican) governors don’t panic, we should still be seeing improving economic numbers. The issue, for the most part, is that the lockdowns have forced a number of small businesses to close and they are never going to reopen, or at least, most likely never will reopen. The biggest issue facing the economy right now isn’t the virus, but people’s reaction to it. And the American people want to go back to normal, as much as honestly possible. They want to be able to go back to work, understanding that certain things need to be changed in order to deal with the virus.
Now, the good news about the age we live in is that we will likely never see another situation like we saw during the Great Depression. Maybe statistically, but we likely won’t see the same sort of pictures we saw from that time period of people lining up at the unemployment line or people living in destitution (to the dismay of the Left, who would've loved to see people suffer financially just for the opportunity to score political points against Trump). The reason is simple: we have technology.
What I mean simply is that we have the ability to work from home, something that was not an option at all back during the Great Depression. I recently had a conversation with someone about this, and we noted the fact that, back during the Spanish Flu, the country simply did not have the option to lock itself down like we did. Of course, WWI was also happening at this time, but even without it, shutting down the economy was still not an option. Now, shutting down our economy is still a terrible idea and would definitely lead to economic turmoil no matter what, but many people have the option to work from home in this day and age.
If that option was not available, the economy would be in a FAR worse state today than it actually is (and I’m still assuming idiotic governors would have shut things down).
Let’s just hope and pray that these good economic news keep on rolling and we can get back to the great economic situation we were before the pandemic.
“But seek first the kingdom of God and his righteousness, and all these things will be added to you.”
Among the many stories we had heard over the past few months, economic “experts” believed that, with a shuttered American economy, the unemployment rate would rival or even pass the rate we saw during the Great Depression of 25%, with tens of millions, or perhaps even more, losing their jobs.
In some small way, we were going in that direction, but with businesses opening back up in most states (and the riots essentially destroying any argument for keeping the lockdown restrictions, so silver-lining), we are beginning to see once again the sort of great economic news we were witnessing over the last three and a half years.
According to the latest job’s report, the unemployment rate fell to 13.3% and the economy added 2.5 million jobs, as businesses began to be allowed to reopen throughout May.
Just a month earlier, the economy had shed around 20.5 million jobs, the worst monthly decline on record dating back to 1939. So to see this sudden turnaround (which should not really be all that surprising if we are opening back up) is quite the great and refreshing news to hear.
According to Breitbart: “Economists had expected the unemployment rate to rise to nearly 20 percent and the economy to shed an additional 8 million jobs.” And this is perhaps the biggest reason as to why I put quotation marks around the word “expert”; these people really don’t know what they are talking about half the time, at best.
They expected the economy, which has been reopening as of late, to shed an additional 8 million jobs, when in reality, that 8 million jobs lost turned out to be 2.5 million jobs CREATED. This was easily the biggest one-month jobs gain in recorded U.S. history since 1939.
After hitting a record-high of 14.7%, the unemployment rate has gone back down after a couple of months of increase.
Breitbart also explained that “[t]he mandatory closures of many businesses and stay-at-home orders slammed what had been a very healthy labor market hard. The economy added jobs for 113 straight weeks through February, a record streak of growth. The unemployment rate was 3.5 percent in February. And yet job creation was running very hot, with the economy adding an average of 211,000 new jobs each month.”
This only further shows the strength that the Trump economy had before the virus hit. For a little over two straight years, we had been adding jobs to our economy, and even despite being at a virtual full-employment, we still kept on adding more jobs every month.
The economy was particularly helped by the fact that the federal government was pumping money into it and supplementing aid for businesses to retain jobs. Roughly 150 million taxpayers received stimulus payments, the Treasury’s Paycheck Protection Program (PPP) “is backing $669 billion of loans to small businesses” so that they can be forgiven if borrowers don’t lay off their employees and the federal government has been “providing an additional $600 on top of state unemployment benefits”, allowing some Americans to be paid even more money.
Record data also suggests the labor market to be stabilizing and improving following the record-high of 6.8 million jobless claims back in March, with each following week seeing less and less jobless claims being filed relatively speaking. Last week, the number fell to roughly 1.8 million jobless claims.
Over the past few months, over 40 million Americans in total lost their jobs, but ongoing claims remain at around 20 million, indicating that over half the people that lost their jobs in that time span have regained employment.
In sum, shutting down our economy was an extremely costly endeavor that was not at all worth it in the end, especially as data suggests that there was “no statistical connection between improved health outcomes and pandemic policies that forced nearly 40 million people into the unemployment lines,” according to The Federalist.
In other words, we shut down our economy and left tens of millions unemployed, and destroyed tons of small businesses in the process, for no statistical connection between improved health outcomes and the lockdown orders. The lockdown orders did not contribute anything positive to keeping people from dying of the Chinese coronavirus.
In the end, the lockdown did nothing but kill off the jobs we are now trying to get back. If the riots themselves weren’t enough proof that we do not need the lockdown orders to stay in place, this definitely does. They achieved nothing for the sake of keeping people from dying of the virus and only contributed to the worst economic news we had seen in nearly a century.
Whoever is still insisting that we continue with the lockdown orders (and even Whitler is easing up on them) is a bad faith actor seeking only to destroy the economy for nothing more than political benefit to hurt Trump’s chances at re-election.
Let’s open back up in full. Yes, that even means New York (because God knows the lockdown orders aren’t being applied fairly, so what’s the point?)
“For I know the plans I have for you, declares the Lord, plans for welfare and not for evil, to give you a future and a hope.”
We all know perfectly well that the Left benefits when people are suffering. This is generally the case, but particularly so in this day and age when the Left is banking on a large portion of the country to remain locked down due to the Chinese coronavirus fears. They know that they could not possibly hope to beat Trump when the economy is doing well, particularly as well as it was before this entire scenario happened, so Plan A for them, seeing as impeachment and removal did not work, is to destroy the economy as much as they possibly could.
Given the option, Democrats would demand Democrat-run states to remain as locked down as possible, implementing as many draconian policies as possible and blaming the inevitable economic collapse under such a circumstance on Trump’s “poor leadership” or something akin to that nonsense. They truly view our economic suffering as the single BEST option for winning an election.
Which is why it’s not surprising to see the Democrats in absolute panic over being given perhaps some of the worst news from THEIR OWN SIDE with regard to the possibility of Trump being re-elected.
You see, Harvard professor Jason Furman, a top economist for the Obama administration, said last month that the U.S. is on track to witness the “best economic data” in its entire history.
Furman, speaking to a group of bipartisan leaders, said: “We are about to see the best economic data we’ve seen in the history of this country.”
Politico reported: “Instead of forecasting a prolonged depression-level economic catastrophe, Furman laid out a detailed case for why the months preceding the November election could offer Trump the chance to brag – truthfully – about the most explosive monthly employment numbers and GDP growth ever. Furman’s counterintuitive pitch has caused some Democrats, especially Obama alumni, around Washington to panic.”
The Left panics when there is the chance for the best economic prosperity, or at least raw data, that the country has ever seen. Doesn’t that tell you all you need to know about them? Instead of being happy over the prospect of a great economic recovery from the current situation unlike anything we had ever seen before, they are reportedly running around in sheer panic and worry. How anyone can say that they are the party of “The People” or how they are “compassionate and tolerant” is beyond reason.
According to Politico, one former top Obama administration official expressed that this scenario was their “big worry”, and when asked about the level of concern this sort of situation has amongst top Democrats, the Democrat replied: “It’s high – high, high, high, high.”
Furman had also explained that, once the economic data from the past few months began to come in, he realized that the data was indicative of an economic recovery mirroring the sort that economics see following major natural disasters or “industry-wide catastrophe[s] like the Gulf of Mexico oil spill.”
Furman further explained that consumption and hiring began to tick up “in gross terms, not in net terms,” describing the turnaround as a “partial rebound.” This bounce back “can be very very fast, because people go back to their original job, they get called back from furlough, you put the lights back on in your business. Given how many people were furloughed and how many businesses were closed you can get a big jump out of that. It will look like a V.”
Considering many of the economic policies that led to the economic prosperity pre-Chinese coronavirus are still in place, provided the vast majority of the country opens back up, I generally agree with the sentiment that it would bounce back big time. My biggest concern, as I have noted many times in the recent past, is that we might be too slow in reopening and businesses will soon find that they cannot afford to bring back their furloughed workers. Small businesses have definitely taken a massive hit over the last few months (and a piece from The Federalist indicates this shutdown did nothing to combat the virus, so this was an exercise in futility at best) and every day that they are disallowed from opening back up is another day in which they cannot make money and get back on track.
Bigger giants in the business world will fare better, I imagine, and will be able to hire back the people they had to furlough but things definitely got messed up. Thankfully, with states opening back up and people having the ability to go back to work basically unimpeded, I do agree with the sentiment that we should be seeing quite a bounce back in the economy over the second half of this fiscal year.
And I’m not the only one to agree, as Larry Kudlow, the head of the White House National Economic Council, told Politico that he “totally agree[s].” “Q3 may be the single best GDP quarter since regular data. 2nd half super big growth, transitioning to 4% or more in 2021.”
Other Trump officials, such as Kevin Hassett and Peter Navarro, also agreed with Furman.
Of course, while people on the Right are ecstatic over the prospect of an economic rebound (Furman further stressed to Politico, when asked about his “new fans” in the Trump administration, that “they get the rebound part, but they don’t get the partial part”, sort of trying to dampen the mood, but it also is fairly contradictory to the idea that the economy would rebound “like a V,” as he explained earlier), people on the Left are outright panicking, as I mentioned before, particularly since Trump has always been ahead of Biden in the polls when it came to handling the economy.
One Democrat told Politico: “Trump beats Biden on the economy even right now! This is going to be extremely difficult no matter what. It’s existential that we figure it out.”
Another former Obama White House official told Politico: “Even today when we are at over 20 million unemployed (remember, this was back in April), Trump gets high marks on the economy, so I can’t imagine what it looks like when things go in the other direction. I don’t think this is a challenge for the Biden campaign. This is THE challenge for the Biden campaign. If they can’t figure this out, they should all just go home.”
Political strategist Arthur Schwartz tweeted the Politico article, adding: “Dems are spooked because the economy is going to rebound quickly. Their strategy for November is to keep the country closed. Their interests are served by hurting as many Americans as possible.”
Exactly my thoughts. The Left seemingly can only hope to win elections when the American people are suffering greatly. I can only imagine the glee they felt back in 2007-08 when the financial crisis and Great Recession was hitting this country. I can also only imagine the glee they felt the last few months in seeing the number of unemployed cases rolling in. They probably fully expected the country to automatically blame Trump for the bad news just because “blame Trump” is basically the Left’s default response to anything.
China unleashed a deadly virus on the world and lied about it for months (and still continues to lie) and is trying to coerce other countries into not punishing them as they deserve? Nah, it’s Trump’s fault, particularly as he is “blaming” China. Which reminds me: Trump isn’t “blaming” China. To say that he is is to insinuate that China is blameless and without fault. Trump is holding China accountable for their deadly actions which have killed a hundred thousand Americans (and God knows how many Chinese citizens and residents) and hundreds of people around the globe (according to official estimates, of course, which have to take China’s numbers at face value even though China has been lying about their numbers).
But in any case, getting off of that slight tangent, I am not even a little bit surprised that the Left would be so perplexed at seeing Trump beating Biden even with the economic news that we are getting. The VAST majority of Americans aren’t going to blame Trump for this simply due to the fact that we KNOW why it’s happening.
The news that we are seeing aren’t the result of a fundamental problem in our economic system or in the policies we are espousing. They are the result of a virus that has gotten people so freaked out as to shut down everything (and, again, this was negligible at best when it came to dealing with the virus) and the actions of relatively independent governors deciding to shut down their states to one extent or another.
It is only the hardcore, borderline actually insane Leftists that are blaming Trump for this whole fiasco. It’s only the Left-wing political hacks in the fake news media, Washington and around the country that are blaming Trump for any of this.
I hope that Furman’s prediction regarding the economy is what really happens. Models are generally always going to be wrong because no one can account for absolutely everything that could occur, but they can sometimes be useful in understanding at least one possible outcome.
Provided the country opens back up almost in full (New York might take more time, but even Cuomo himself has begun to talk about reopening), we should be seeing better economic news as time goes on. Here’s hoping that this is what ends up happening.
“Now faith is the assurance of things hoped for, the conviction of things not seen.”
Over the past few weeks, every Thursday has been a rough one for me. Not because of anything in my personal life, but because we receive the news of jobless claims every single Thursday.
Before this pandemic, I would hardly pay attention to these numbers because they were generally great every week and even a bad week was still pretty good in the grand scheme of things, especially in comparison to the eight years of the slow economic recovery (if you could even call it that) that we had during the Obama years.
For the last three and a half years, we had real growth, real wages, real jobs being brought in and created and we had real prosperity. I’ve already talked about how the “jobs” Obama created were either part-time or contract jobs for the most part, so he could not be said to have been a good jobs president at all. Trump has clearly been very different and has helped bring in real growth unlike anything I had seen before (keep in mind, I am in my early-to-mid 20s).
But for the last five weeks, I have seen three years of growth and prosperity be wiped away like they were nothing. Three years of economic progress gone just like that. CNBC even reports that “The US economy has wiped out all the job gains since the Great Recession.” Now, that’s a misleading headline since the economy is being kept in a stranglehold right now, so it’s not the economy wiping anything out, but the point remains.
Every job that was created in the last TWELVE YEARS is now gone. And yet, some people still want to keep these unnecessary lockdowns (I assume the majority of people who say this still have their jobs) and some even have the gall to mock protesters as saying they are “prioritizing money over people” or “just want to get a haircut”, to which I say: “shut the hell up, you privileged jackasses.”
I am no fan of swearing on this site, but I am getting rather fed up with idiots who think this way.
First of all, no one is prioritizing money over people or money over lives. It’s a matter of lives vs. lives. I can understand people being afraid of the virus killing people and it is a very real concern. Around 50,000 people have died from the virus in the United States alone (granted, these numbers are probably a bit inflated because of the way people, particularly DeBlasio and Cuomo, are counting deaths, but let’s roll with it). There is no doubt that this is a serious issue. But that does not automatically mean that people starving to death, killing themselves, succumbing to drug abuse, and practicing domestic abuse are no longer issues in and of themselves.
How many people will kill themselves because they can no longer afford to live? How many will starve to death? How many will overdose and further strain hospitals (an example of how our measures wouldn’t “flatten the curve” for the purposes of not overrunning hospitals. Not to mention hospitals are laying off thousands of healthcare workers, so how does that help against the virus?)? How many children, wives and husbands will be sent to the hospital for wounds as a result of domestic abuse (and how many will be kept from going there because the abusers are with them 24/7?)? How many people will be treated in “overrun” hospitals because of attempted suicide?
Our response to this virus has resulted in nearly 27 million people losing their jobs in as few as five weeks. Meanwhile, some speculate that we can re-open our economy “fully” towards the end of summer or the beginning of the fall.
Spring started a month and three days ago. Do you really think such an option is a viable one for tens of millions of people? We have the potential to see worse unemployment rates than the Great Depression. Does that not matter to the “keep the lockdowns” crowd?
I know it doesn’t matter to the Left. They would love nothing more than to see this economy go down the drain and subsequently, see Trump go down with it. If the complete destruction of the economy and millions of people’s lives are what it takes to win for the Left, that should tell you everything you need to know about these demons.
But I know plenty of conservatives who are still against opening our economy. People who dismiss protesters and mock them for “not socially distancing” during their protests. Why? Why think this way? What does the country gain from continuing this? What does it gain by calling people out of work “privileged” people who “just want to get a haircut” or “just want to play golf”?
Plenty of people do not know the value of saving their money. Plenty of people do not know the value of multiple sources of income. Plenty of people believe in the big hoax that is job security. Situations like these will force such people to rethink and perhaps be a bit more fiscally conservative, but the lessons of the future do not help them today.
Seeing 27 million people losing their jobs, especially as quickly as they are, breaks my heart and outright leaves me depressed (as well as seeing Trump essentially throwing Georgia Governor Brian Kemp under the bus for trying to reopen his state, when Trump has been calling for “liberating” states in the last few days. I don’t get that man sometimes and that was one of the very few honest times when I have been angry with him). I genuinely did not even feel like writing anything because of such a gloomy state. But when I get depressed like this, I can always turn to the Word of God.
There is no doubt that I am anxious about the present and future of this country. We could be staring at the worst economic situation this country has ever faced and it’s come by our own hand. This situation is like trying to take care of a bee sting on your hand by cutting off the entire arm. The solution is almost certainly worse than the problem, but I say this without discounting the severity of the actual problem.
What we are seeing now makes me sad; makes me angry; and almost makes me hopeless. But like I said, I can always turn to the Word of God and this is something I hope millions of people are doing because the one silver lining that could come from all this (apart from complete economic divorce from the Chinese communists who are responsible for the world being in this sorry state) is a great Christian revival that will bring people to the Lord, whether for the first time or the first time in a long while.
Because the scripture says: “Therefore I tell you, do not be anxious about your life, what you will eat or what you will drink, nor about your body, what you will put on. Is not life more than food, and the body more than clothing? Look at the birds of the air: they neither sow nor reap nor gather into barns, and yet your heavenly Father feeds them. Are you not of more value than they? And which of you by being anxious can add a single hour to his span of life? And why are you anxious about clothing? Consider the lilies of the field, how they grow: they neither toil nor spin, yet I tell you, even Solomon in all his glory was not arrayed like one of these. But if God so clothes the grass of the field, which today is alive and tomorrow is thrown into the oven, will he not much more clothe you, O you of little faith? Therefore do not be anxious, saying, ‘What shall we eat?’ or ‘What shall we drink?’ or ‘What shall we wear?’ For the Gentiles seek after all these things, and your heavenly Father knows that you need them all. But seek first the kingdom of God and his righteousness, and all these things will be added to you. Therefore do not be anxious about tomorrow, for tomorrow will be anxious for itself. Sufficient for the day is its own trouble,” from Matthew 6:25-34.
Not a single event, small or great, has come as a surprise to God. He has known from the beginning what each one of us would be going through, both individually and as a country and even as an entire people in this world that He has created. Not a single spy from China is unknown to God. Not a single secret in Beijing is God ignorant of. Not a single crime against God and humanity committed by China or similarly evil people outside of China is God unaware of. Not a single weakness in people’s individual lives is kept from God’s knowledge. And not a single person’s future does God have to guess about.
Yet, for all the trouble we find in the world, be it the Chinese coronavirus, be it the inadequate, borderline-negligent response from many of our leaders, be it our financial troubles, be it our unemployment possibilities, we can rest securely in the Palm of God, who is in complete and total control over the universe. Not a single subatomic particle anywhere in this universe moves without God’s very approval. Even the devil, for all the evil he does and wishes to do, is restrained like a dog with a leash by our Creator.
I do not know what the future holds for us. I do not know when we will begin reopening on a national scale, or if the jobs lost will be easily recovered, or even what will ultimately cause more damage: the virus or our ridiculous response to it. But what I do know is that there is no evil to be found in God. God has ordained whatsoever has come to pass and He does not allow things to happen if they do not have a good reason for it.
Even a bit further in Matthew, in chapter 7, beginning from verse 7, we see the goodness of God: “Ask, and it will be given to you; seek, and you will find; knock, and it will be opened to you. For everyone who asks receives, and the one who seeks finds, and to the one who knocks it will be opened. Or which one of you, if his son asks him for bread, will give him a stone? Or if he asks for a fish, will give him a serpent? If you then, who are evil, know how to give good gifts to your children, how much more will your Father who is in heaven give good things to those who ask him!”
Even amidst the trouble we walk through, I know He is with us. And as He not only gives, but delights in giving good things, I ask of Him that, if anything comes from this current time of tribulation, there be millions upon millions, tens of millions upon tens of millions, hundreds of millions upon hundreds of millions, who turn to You, Father, in search of redemption for their sins and in search of comfort, that they may be saved, not only from the virus and the economic repercussions of our response to it, but from the sins that they have committed.
These are dark and scary times, not helped by the people we call “leaders” (the Democrats truly are vile and the Republicans truly are spineless. And Trump hasn’t exactly been his best either, though he’s been doing a great job in many areas). But regardless of the folly, the sins and the evils of Man, we can always rest in the Hands of the Lord.
O, Lord, thank you for the goodness that You have shown us thus far and the mercies that You have given us. I pray to You that You will forgive us of our sins, those of us who repent of them and beg for forgiveness. I pray that You will comfort the troubled, feed the hungry, employ the financially distraught and allow for the whole world to recognize the evils of communism, both in China and in general, as it is antithetical to Your Word and Your Teachings.
Lord, please bring this nation to its knees, not in defeat but in repentance of its iniquities and its wrongdoings in Your Sight. Please give us wisdom to tackle this virus as effectively as possible with as little collateral damage done as possible. In Jesus’ name, amen.
I know that I don’t usually have full-on prayers on here, but the present situation has brought me closer to God (not that I wasn’t before, but I can always get closer still) and I believe it does warrant supplication from the Lord, of course, with thankfulness and acknowledgement of what good God has done for us so far. We should pray in times of trouble and in times of success; in times of sadness and in times of great joy.
I hope this is what the vast majority of people are/will be doing, so that we may get closer to God.
“And those who know your name put their trust in you, for you, O Lord, have not forsaken those who seek you.”
Trying to get back to stories that have little or nothing to do with the virus (this one will, unfortunately, talk a bit more about it than the others of a similar nature), we have a story relating to what someone believes will be the outcome of the 2020 presidential election come November. The interesting thing about it, however, is that the one believing Trump will win re-election is far from a Right-winger and Trump supporter. It’s actually David Plouffe, Barack Obama’s former campaign manager.
Speaking on the “Fox News Rundown” podcast last Thursday, Plouffe said: “You look at the economic situation and say, ‘How can an incumbent win in that?’ But, you know, no one’s blaming Trump for the damage…. I think if you can lay his crisis response at his feet and connect that to the economy, I do think that’s some headwind he’s got to run into.”
“But,” he continued, “almost no matter what happens, [the question is] can Donald Trump win Wisconsin? Can he win Michigan? Can he win Pennsylvania? Can he win Florida? Sure, because his base is so solid. And I think he’s going to turn out voters almost at a historical level on his behalf, so that makes him very dangerous if you’re Joe Biden.”
Interesting what he considers to be Trump’s big advantage going into the election. Usually, when an incumbent president does a poor job with the economy, they do not get a second term (Obama is an exception to this rule, of course). That’s why Trump was so invincible before this whole pandemic began. You could say whatever you wanted about things with North Korea or Iran or China, and you could say whatever you want about other aspects of his leadership as POTUS (I would still argue he has been doing a fantastic job in all of these regards), but absolutely no one could realistically argue that he is not a good economics president.
Before this whole pandemic started (and as I said in the previous article, I attribute our poor economic conditions to our response to the virus rather than on the virus alone), we were seeing great unemployment numbers, wages were going up, consumer confidence reaching new highs, unemployment rates reaching new lows and people becoming wealthier. The Trump economy was nearly unstoppable and only a pandemic like this (and again, largely our response to it) could possibly bring it down.
Unfortunately, the situation is that it is being taken down and if we don’t act soon, it will take a very long time for us to recover, as I have said in the past. But the good news for Trump is that people aren’t blaming him for this.
The Left had been hoping for this kind of recession for a long time now, but they expected to be able to place the blame entirely on Trump. Now, I don’t doubt they will try and do that because these people pervert the truth at every opportunity, but Trump has a very strong case in his favor as to why he is not to blame.
For one, the economy was doing phenomenal before this started. An outside factor is what slowed it down.
But more importantly, many of the economic decisions made that have slowed down the country like this have not been made by Trump. The states have some level of free will, thanks to the 10th amendment, so they could work independently from the federal government. As such, states have opted to shut things down and only allow “essential” businesses to operate. What the president can do is try and encourage states to ease up on these restrictions (particularly as many are outright unconstitutional, since the government can’t arbitrarily order any business to shut down just like that) but he can’t control the states (which is an overall good thing, even if a tad inconvenient right now).
It’s not the policies the president had been setting for the past three years that are to blame for this. It’s factors outside of the president’s control that are the cause.
As far as his handling of the virus goes, let’s not forget that when the Democrats were trying to impeach and remove Trump and were thinking up of more ways to try and kick him out of office, Trump established the Coronavirus Task Force and instituted travel restrictions to and from China. The same restrictions that Democrats, the least of which being his likely electoral opponent Joe Biden, called “xenophobic”.
During a debate shortly after the travel restrictions were put in place, Bernie said he wouldn’t close the border to combat the virus. Neither of Trump’s possible electoral opponents would stand a chance against Trump when it comes to response to the virus because Trump acted quickly and efficiently, when both Bernie and Joe declared him a racist for doing what he did.
If you remember, a recent Pew Research poll found that 95% of surveyors agreed that travel restrictions were a good idea. Travel restrictions that both Joe and Bernie are on record saying they wouldn’t have implemented.
Not to mention that the media was basically saying that the seasonal flu was more dangerous than the Wuhan virus, so they also have no credibility to try and attack Trump regarding his response to the crisis.
What’s more, a recent ABC News/WaPo poll shows that 52% of surveyors trust Trump to handle the economy over 42% who trust Biden, and 47% trust Trump more to handle the coronavirus outbreak over the 43% who trust Biden.
Trump also has an advantage over Biden in terms of speaking to the public. While Trump speaks to the American people every single day to provide updates on the virus (and I wish he would also provide updates about reopening the country), all Joe can do is give an occasional interview with someone on the fake news media and hold Facebook livestreams that are not exactly popular.
Now, I would like to mention that we are still a good bit away from the election. Unfortunately, things could really turn for the worst, particularly if people like Fauci and Birx naively (at best) keep advising Trump to not care about the economy and force things to remain like this for months on end. At one point or another, people might actually begin blaming Trump, regardless of whether or not he actually bears the blame.
Which is why I continue to insist that the economy be allowed to be opened back up, at least for those who are able to work and are not at a high risk of death. As I have said time and time again, this shut down is not a viable option. This is like burning the house down to kill a spider. Sure, the virus is serious, but the economy failing this catastrophically is considerably worse.
David Plouffe believes all Trump needs is his supporters to come out in droves to vote for him. Joe Biden is a weak candidate, but people might not turn out to vote if we aren’t even allowed to (and I fear the obvious voting fraud the Left will try and pull with mail-in votes).
I will vote for Trump no matter what, but I would like to see him regain control of his administration and put his foot down. Otherwise, we might as well begin calling them President Fauci and Vice President Birx.
“Behold, I have given you authority to tread on serpents and scorpions, and over all the power of the enemy, and nothing shall hurt you.”
Yesterday, the Labor Department released its weekly jobless numbers and the news is frightening. After 3.3 million people lost their jobs in the prior week, another 6.6 million have filed for unemployment this past week, bringing the total up to nearly 10 million lost jobs in just two weeks. The worst part? The real numbers are probably considerably higher than that because state unemployment websites have been crashing as of late.
Michelle Meyer, chief U.S. economist for Bank of America Merrill Lynch, put it this way: “What usually takes months or quarters to happen in a recession is happening in a matter of weeks.”
Of course, the reason for this is quite obvious: the Wuhan virus. According to the Labor Department’s report, “The COVID-19 virus continues to impact the number of initial claims. Nearly every state providing comments cited the COVID-19 virus.”
I would argue that the government’s response to the virus, both at the state and federal level, have more of an impact than the virus itself. There is no denying the virus’ own impact (sick and dying people can’t exactly work), but losing 10 million+ jobs in just two weeks shows a far bigger fingerprint from response to the virus than the actual virus.
As of now, we have just hit 5,000+ deaths, with a 1,000+ death increase in a single day (unfortunately, this is a sign that it’s not plateauing). But state-ordered shut-downs are doing far more harm to the American people than the virus is.
Now, don’t even try and accuse me of “putting money over people” here. That is a ridiculous accusation based on nothing, as you all know just how important life is to me. And it’s the value of life that leads me to believe what I believe: we need the economy opened within the next few weeks, if not days. More and more people will lose their jobs. Remember, last week’s 3.3 million jobless claims was a record high… until this week, when that number was DOUBLED. Do you think we won’t reach higher and higher numbers if things don’t change soon?
We are looking at the destruction of the economy here. We are looking at numbers that rival, if not surpass, what this country saw during the Great Depression. And it’s all by our government’s own hands.
Yes, there is no doubt in mind that China has set the world on fire, as I have said in the past few weeks. Their lies (both in the past and the present) have set the world back months in terms of preparedness. In an effort to appear like an in-control world super power, China lied to the world about the situation in Wuhan. Even now, they lie about the number of cases by refusing to continue testing, trying to position themselves as the most effective world super power when they are damnable liars.
China is the lowest common denominator when it comes to the worldwide epidemic and should be severely punished with tariffs and other economic measures (and we should stop funding the WHO, which the Japanese vice-PM has accurately called the “Chinese Health Organization”), but China didn’t force our government to be stupid and shut everything down for everyone. China isn’t forcing our state governments to issue communist-style shutdowns and orders (ridiculous that serial assaulters are being released from New York prisons, but pastors are thrown in jail for holding church services) and it isn’t forcing our government to shut down our economy.
Our own response to the virus matters more than the actual virus or the actions of China, which is why Trump said he didn’t want the cure to be worse than the disease. A viral epidemic has the potential to destroy a nation, there is no doubt about it and things ought to be done to mitigate it. However, shutting down an economy will ALWAYS destroy a country.
Now, again, before anyone attempts to accuse me of putting the economy over people, allow me to clarify my stance: I am not saying that everyone should go back to work regardless of how they are feeling. Obviously, that would be just as stupid as shutting everything down and not allowing anyone to work (and yes, I realize I’m using the term “anyone” loosely here, as I recognize that there are businesses deemed “essential”, which allows for people in those industries to work, but the general point remains). But there is very obviously a middle ground here: allow for those who are not sick/not showing symptoms/are not likely to die to go to work, while quarantining those who are sick and most at-risk.
What people would do in the past when it comes to diseases like leprosy is isolate those who are sick and allow the rest of the people who were not sick to go about their business. Granted, the way they were isolated usually involved being kicked out of cities, and leprosy works considerably different from the Wuhan virus, but the general idea of isolating those with the disease and highest at-risk of death as a result is still applicable.
Also, isolation isn’t the only way to combat the virus. Wearing masks, washing your hands often, avoiding touching your face, and generally maintaining good hygiene is the single best way to combat a virus without a cure (Japan is not doing much testing and not shutting down their economy, but everyone wears masks, so the cases aren’t particularly prevalent in that Asian country).
There are remedies for ensuring people don’t get sick and die amidst this global pandemic without going down the dumbest road imaginable of shutting down the economy. You can strike a good balance of taking care of your sick and those who are most at-risk without leaving millions upon millions of people without the ability to work and feed themselves and their families.
The virus is not the only thing that can kill people. Aside from the fact that I highly suspect the actual number of deaths aren’t accurate (largely because there have been cases when someone died of complications unrelated to the virus, but because they had the virus, hospitals have counted them as deaths to COVID-19), people can die by other means, most notably suicide, as suicide rates increased from the beginning of the Great Depression (1929) when it was at 17.0 per 100,000 to 21.3 per 100,000 in 1932.
Other diseases can also lay claim to many people, gun violence can bring an end to people’s lives, etc. I’m not saying people will be living on the street and killing themselves over the next few days/weeks because of this (even on Black Thursday, the day the stock market crashed in 1929, there were less suicides in New York than on that day a year prior, according to John Kenneth Galbraith in his book “The Great Crash 1929”), but I am saying that an economic depression stands to harm far more Americans for considerably longer than just about any virus can.
We need to be able to strike a balance here. We can’t go wildly one direction without expecting serious consequences. We can’t shut down the economy for as long as the federal government plans to without suffering from an economic fallout that makes the Great Depression look like people lost a quarter under the couch cushions (hyperbole, of course).
Shutting down the economy for most people is simply not a viable option, which is why I wish Trump would get economists working alongside the medical experts to arrive at a compromise that helps both the health of the people with regards to the virus and the health of the people with regards to their financial stability. Simply giving a few people a one-time check of $1,200, or even if it were for a few months, isn’t a good option when the government itself is massively in debt.
The economic news would be CONSIDERABLY better if we weren’t going down the path of shutting virtually everything down out of unwarranted fear of the virus. I’m not saying the virus is not serious. I am saying it’s not worth all this.
With an economy that is mostly open for the VAST majority of people, leaving only a few to not be able to work, we would see a far better economy and far less jobs lost. No, it wouldn’t be at the same levels as before the virus hit, but they’d be considerably better than now, and there’d be little to no fear that we wouldn’t be able to get past this relatively unscathed.
According to Rasmussen, 36% of likely U.S. voters believe the country “can afford to remain largely shutdown for an indefinite period of time to limit the spread of the coronavirus.” However, 46% said “America can’t afford an indefinite shutdown.” 18% are unsure.
It’s worth pointing this out for two reasons.
Number 1, more people believe we can’t stay shut down for however long people like Fauci (and it sickens me that the guy called 10 million people losing their jobs in two weeks “inconvenient”, practically tossing it aside as a non-issue) and Birx want us to be shut down than believe we can. So already, more people would want the economy to be opened up than remain shut down, at least for those who are able to work.
Number 2, this poll was taken on April 1st, the day before we received the news about 6.6 million jobs lost this week. I can guarantee that the number of people who believe we can’t afford this indefinite shut down has gone up considerably as a result. 10 million people losing their jobs in just two weeks is unprecedented and it’s only a matter of time before people say “enough” and demand the economy to be opened back up.
President Trump would be wise, as a result, to advocate for opening the economy back up for those who can go out to work. Sure, the media and the Democrats would lambast him and claim he would have “blood on his hands” as a result, but these are the same media who have been calling him a Nazi since he BEGAN TO RUN FOR OFFICE. Their opinions are irrelevant and Trump would have the majority of people on his side.
The American people need to be able to go to work. The state and federal governments have the ability to let go of their stranglehold on the economy. They will need to listen to the people soon.
But let us pray to God that we will get through this with as little damage done as possible. We are stuck between a rock and a hard place right now and we need His guidance and strength to get through this.
Despite the current medical and economic situations that we face and will continue to face for God knows how long, let us rejoice in the fact that God is the one in control. He comforts the brokenhearted, heals the wounded and brings everlasting joy to those whose faith are in Him.
There’s no doubt that we will face affliction in many ways as time goes on. We don’t know what roads lie ahead and what they have in store for us. But take comfort in the One who is King; the One to whom none of this is a surprise; the One who, while we may not see a way, sees a way; and the One who is bigger than any virus, than any economic disaster, than any journalist or congressman or governor or president or king or nation or planet or galaxy or universe.
Take heart, that while the enemy plots against us, we rest securely in His omnipotent palm. I won’t say that bad things aren’t in our future, particularly if things aren’t done to remedy them. But I will say: rejoice, for Christ is King, our Savior and our Redeemer. God isn’t evil. He never would’ve allowed for this if something great couldn’t come out of it. While we may never really know what that great thing may be, we can rest, knowing God is in control and is working for His children.
2 Corinthians 1:3-4
“Blessed be the God and Father of our Lord Jesus Christ, the Father of mercies and God of all comfort, who comforts us in all our affliction, so that we may be able to comfort those who are in any affliction, with the comfort with which we ourselves are comforted by God.”
3.28 million Americans filed for unemployment last week. 3.28 MILLION. Let’s not even begin talking about how this is a record-high, easily destroying the previous record set decades ago. Let’s not even begin talking about how the economic “experts” predicted roughly half that number before it was published. Over THREE MILLION Americans have lost their jobs in the past week. Where is the relief package? Being voted on today by the witch called Nancy Pelosi. Not yesterday, when the news came out. Not yesterday, when people could’ve been helped. Not DAYS AGO when the Senate had a bill prepared that was approved BIPARTISANLY before Chuck Schumer decided to screw the American people (with help from Nasty Nancy) and back out of the deal, only to vote on a VERY SIMILAR package days later that included more communist wish-list items.
The Democrats decided to SCREW the American people and let them SUFFER just so the economy could take a massive hit, just so they can attack President Trump (some in the media were all too quick to pull the trigger on that one) and just so they can attempt to keep their permanent political underclass chained up to their bony wrists.
If I sound angry right now, you can bet your sweet behind it’s because I DEFINITELY AM. Now, allow me to put some things into context, because, while I definitely am angry as hell at the Democrats trying to screw over the American people (while giving all the money to their rich, elitist friends in academia), there is cause for calm despite the troubling present times.
Perhaps the single biggest reason is simply that this is a far more temporary situation than any other economic crisis.
You see, the economic crises of the past have all been caused due to an inside issue. The 2007/08 financial crisis was the result of the credit crisis, an issue that would take a long time to solve almost regardless of who is president (though it would’ve helped if Obama didn’t put a strangle-hold on businesses and the economy for his entire tenure). There were other financial crises at the time, such as the housing market bubble popping, companies like GM getting bailed out (a big reason as to why I oppose Boeing or any other big business being bailed out), etc.
People couldn’t get credit, couldn’t get a new house, tons of people were unemployed and the country went into recession. It wasn’t anywhere near as bad as the Great Depression in the late 1920s, but it was bad nonetheless.
The news of over three million Americans being laid off in a single week is absolutely awful (and expect fairly similar numbers to come in the future if something isn’t done about it, which I will cover momentarily) and Congress was twiddling its thumbs about how much money to give to Howard University, how much money to give to useless crap like wind and solar energy, how LITTLE money it would give back to the American people (and basing it off of tax returns from two years ago, which is mind-numbingly idiotic as the situations are much different for many people between then and now, so someone who made $100k in 2018 but is now unemployed does not get any money, but someone who made $70k in 2018 and is still employed will get the money), how much money to give to illegal immigrant programs like DACA while detracting money for the wall and the biggest joke of all, how much money these Congresspeople will pay THEMSELVES, as if they needed the pay raise they are giving themselves.
But regardless of what selfish idiocy Congress was debating and negotiating at a time when people are SUFFERING because they can’t go to work precisely because the GOVERNMENT told them they can’t go to work, this is a financial crisis (that is only beginning) that can easily be mitigated and halted fairly quickly.
How? Open the economy back up for most people. Now, hear me out people who disagree and tell me that we need to keep it shut down because of the Chinese coronavirus. I’m not saying that the virus is no longer important neither am I trying to downplay it.
However, let’s take note of a few things. First of all, remember all the doomsayer “experts” who predicted hundreds of thousands, if not millions, of deaths in most countries? Well, they’ve basically said “woops” and revised their predictions to a few tens of thousands. Right now, we have barely just crossed the 1,000-death line in the country, with at least TEN times as many people having died from the flu in the same time period (despite the same self-isolation and social distancing measures taking place in that time span, really pointing to a higher death rate for the flu).
I’m not saying that the Wuhan virus is “just the flu”. What I am saying is that the two are comparable because they are ROUGHLY the same type of disease, both being the cold virus, both being contagious and neither having a cure.
Second, you can both have procedures in place so that the most at-risk individuals, meaning those in their late 50s and 60s, are self-isolating and self-quarantining, being taken care of, while having the vast majority of the work force go out to work with little to no chance for death.
Now, I know what some may say: “But the point of not going out to work is to not catch it and risk passing it along to older people, particularly those we love in our own home.”
I understand that, but here’s the thing: you can still isolate yourself from your loved one AND WORK TO GIVE THEM FOOD, SHELTER, ETC.! Because you know what’s worse than catching the virus? Catching the virus while out of work, out of supplies, and risking living on the streets, maybe even being driven to suicide.
Most people cannot afford to have the economy shut down like this. They either do not earn enough to be able to save a bunch of money, or are altogether not practical at saving money. And this is without even taking into consideration small businesses which are basically gutted under this situation.
As an example, take what Zachery Ty Bryan, a Hollywood actor from the 1990s sitcom "Home Improvement" (he played Brad Taylor, the eldest son), wrote in an op-ed for Fox News: "[D]uring a recent conversation with a longtime friend who works in the entertainment industry, she expressed concern that if the coronavirus shutdown goes on too long, they won't be able to make their monthly housing payment." Zach is talking about the working class in Hollywood, the people who make the shows and movies run in the first place, not really being able to work and therefore not being able to make payments for things they need to live.
When Trump said that we can’t let the cure be worse than the disease, this is what he was talking about: letting the economy shut down out of fear of a disease THE VAST MAJORITY OF PEOPLE will survive.
Those in the workforce tend to be those who would survive getting this disease. They don’t need to be quarantined or self-isolated. They can go to work. They might worry about an older loved one getting the disease as a result, but if they can barely feed themselves, they HAVE to go to work.
What’s more, who knows exactly how many people have the disease and will survive it anyway? The Chinese government did whatever it could to basically weaponize this, shutting down any whistleblowers, keeping outside help from coming in, lying to everyone about how well they are containing the virus and allowing for people in the VERY REGION to travel outside of China.
This disease has been in the U.S. for months now, and we just barely got to 1,000 deaths. Now, that’s not nothing, and I feel sorry for the loved ones of those who passed as a result, but you can have those least likely to get the disease (or, rather, least likely to die from it) working largely uninhibited.
I’m not calling for the economy to be opened up for Trump’s sake or for the sake of his re-election chances. I doubt the vast majority of people unemployed would blame Trump for it (though the media and the Democrats will do what they can to blame him) because it can be pretty obvious on whom the fault actually lies: the Chinese Communist Party (primarily, and they should be forced to pay all reparations for the damage they have caused) and the Democrats stalling out the relief package that was ALREADY AGREED TO by Democrats, waiting to pass it and hurting Americans in the process. I have no doubt in my mind that Trump will CRUSH either Joe or Bernie come November.
So I’m not calling for the economy to be opened for the benefit of Trump; I’m calling for the economy to be opened back up because people NEED to be able to work. They can’t afford this shut down any longer. No economy can operate with people not working. This isn’t prioritizing the economy over people’s health. It’s prioritizing their ability to work, earn a living, afford their medical care (for those who still can. Thanks, Obama) and making sure that the very temporary virus crisis does not evolve into a long-term financial crisis.
Once people have the ability to work, there will be mass hiring sprees with people getting their jobs back, which is why I am relatively calm about this. It’s bad right now, and it might get worse before it gets better, but it’s very temporary. Once the virus stops being such a massive deal, once people are allowed to go back to work, there will be plenty of job openings. But not if this problem is extended, businesses lose tons of income and are incapable of hiring people back, which is why the economy needs to be opened back up over the next few days or weeks (hopefully, by Easter, like Trump suggested). It cannot wait much, if any, longer than that.
I hope and pray that the Democrats turn to God and stop screwing people over, but if they do not, I pray that they will face the direst of consequences electorally come November. These communists cannot be allowed to win because it is clear where their priorities lie: themselves. They will do whatever they can to ensure they have their slaves; their permanent underclass.
“Do nothing from rivalry or conceit, but in humility count others more significant than yourselves.”
There are roughly two or three narratives regarding the economy in certain Leftists’ minds. One of them is that the economy is not doing well at all, and that someone has to “fix” it, which is a very clear lie that even contradicts a different narrative that I will cover in a second. Another narrative is that the economy is nothing special and we should not focus on it. That is the narrative many on the Left choose to follow, sort of, because the economy is doing too good for them to realistically argue against it. They would much rather attack Trump’s “racism” or “sexism” or “bigotry” than tackle his successful track record as POTUS because they know they would come up awfully short (especially Michael Bloomberg). But finally, the third narrative is one that only one person would be foolish enough to try: Obama is the one who can take credit for this economy.
And who else to try and peddle this hilarious lie than the former Liar-in-Chief, former President Barack Hussein Obama?
Earlier this week, Obama tweeted: “Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history.”
In the words of a certain communist former president: “You didn’t build that.”
It is laughable that Obama would try to take credit for this economy (yet again) because we saw nothing of the sort regarding job creation or economic recovery at any point in his presidency.
A Forbes op-ed published in 2016, the last full year of Obama’s presidency, said: “The Obama recovery of the last seven years remains the worst in post-war American history. Average gross domestic product (GDP) growth since the bottom of the recession in 2009 was barely above 2.1% per year. The average since 1949 is well above 4% per year during the previous 10 expansions.”
“I believe the root cause of abysmal growth is the huge tax increases imposed by Obama and the Democrats in Congress since 2008. The most harmful were the increase in the capital gains tax from 15 to 20 percent, the increase in top bracket income from 35 to 39.6 percent, and the new tax of 3.8 percent on investment income in the Affordable Care Act (ACA). The massive increase in regulatory burden through the ACA and Dodd-Frank bills are also crushing, but unfortunately are harder to measure.”
Investor’s Business Daily also pointed out how bad the Obama economy was back in 2018 when the former POTUS also tried to take credit for the Trump economy:
“The rate of GDP growth was decelerating in Obama’s last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one. The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.”
“Real median family income didn’t budge from August 2015 to November 2016, according to Sentier Research. It’s up more than 4% since Trump came into office. Wages are on the upswing. In Obama’s last year, unemployment rate remained basically unchanged – it was 4.9% in Jan. 2016, and 4.8% when Trump took office in Jan. 2017. Now it’s down to 3.9%.”
The National Review also highlighted some of Trump’s economic accomplishments since taking office:
“The census report ten days ago revealed workers’ earnings increasing at 3.4 percent annually, a rate not seen since the best of the Reagan years, and the poverty rate has declined to 11.8 percent, the best figure that has been recorded since the end of the Clinton administration and still resolutely proceeding in the right direction. Unemployment is at its lowest percentage since the Lyndon Johnson administration more than 50 years ago (and the numbers then were helped by having 545,000 conscripts in Vietnam). Minority groups are the principal beneficiaries of the Trump economy; it isn’t trickle-down, it’s surge-up. Average income for female-led single-parent households jumped 7.6 percent last year, well ahead of gains in higher income groups.”
“The poverty rate among female-led households fell 2.7 percent for African Americans, and 4 percent for Hispanics. Industries largely populated by women (and, historically, exploited women), especially hospitality and, to a lesser extent, health care, showed strong earnings gains, even as unemployment rates for African-American and Hispanic women fell to under 4.5 percent.”
“Another partisan Democratic falsehood that is exposed by the census is the myth that the middle class is shrinking. The percentage of total families at the lowest economic levels has fallen by over 1 whole percent and the brackets from $50,000 to $150,000 and above $200,000 have both increased by almost 1 whole percent (several million people in each case). There were sharp increases in the incomes of younger families (up to age 34).”
The contrast between the Obama and Trump economies are day and night, with the Obama economy having been absolute garbage and the Trump economy being the best economy we have seen in decades. It’s no surprise that jealous Barack Obama would attempt to take credit for this economy, which he had nothing to do with.
It’s also no surprise that the President’s team (as well as Trump himself and a slew of other people) reacted with mockery or simply telling it like it is in order to set the record straight as to whom should the credit go.
In a statement to Fox News from the Trump campaign’s national press secretary: “President Trump reversed every single failed Obama-era economic policy, and with it, reversed the floundering Obama/Biden economy. Obama and Biden orchestrated the worst economic recovery in modern history. By contrast, through deregulating, lowering taxes, and supporting free-market policies, President Trump has created the hottest economy on record, with unemployment hitting generational lows and all-time lows for African Americans, Hispanics, the disabled, veterans and many other hard-working Americans.”
“Paychecks are growing at the fastest pace in a decade and twice as fast for low- and middle-income Americans. It’s no wonder Democrats seek to take credit for the Trump economy after eight years of betraying blue-collar workers and inflicting pain upon the middle class as Americans everywhere suffered.”
“But the failed days of Democrat stagnation are over, and the soaring Trump economy is here to stay,” added the press secretary.
The President himself reacted to this on Twitter, writing: “Did you hear the latest con job? President Obama is now trying to take credit for the Economic Boom taking place under the Trump Administration. He had the WEAKEST recovery since the Great Depression, despite Zero Fed Rate & MASSIVE quantitative easing. NOW, best jobs numbers ever. Had to rebuild our military, which was totally depleted. Fed Rate UP, taxes and regulations WAY DOWN. If Dems won in 2016, the USA would be in big economic (Depression?) & military trouble right now. THE BEST IS YET TO COME. KEEP AMERICA GREAT!”
As previously said, it really is no surprise that Obama would try and steal credit for the good economy. For EIGHT YEARS, he blamed his predecessor for a bad economy. And while that could feasibly work for the first couple of years coming off a recession that began with the previous administration, the economy was TERRIBLE for his entire tenure in both terms.
I remember hearing Bill Clinton trying to give Obama credit for a “great” economic recovery that “even he” could not have orchestrated back during the 2016 election cycle to get people to believe the economy was good and that Hillary would continue Obama’s legacy (which she would have but that isn’t a good thing), but there was no such economic recovery. Things HARDLY got much better and that’s because the only place to go for the Obama economy was up, and even THEN, it didn’t go up by much.
The unemployment rates went down largely because people either stopped looking for jobs, got government contract work or got part-time jobs. Things that make the unemployment rate go down artificially. Trump’s economic recovery is REAL growth for our country, with people finding full-time jobs and there being a virtual SURPLUS of jobs.
The stock market went up during the Obama years largely because companies were buying their own stocks to artificially raise them. The only thing that’s artificial about the Trump economy is the fake news media’s claims that we are headed towards a recession, and even that garbage has largely been dropped because of how virtually IMPOSSIBLE it is for a recession to happen in this economic climate.
Obama was a terrible jobs president, to the point where he openly mocked Trump’s promises to bring manufacturing jobs back, saying “what magic wand do you have?”
Well, this is his magic wand: A REAL ECONOMY WITH A REAL RECOVERY FROM OBAMA’S TERRIBLE TENURE AS POTUS.
An economy so good, most Democrats will go to lengths to avoid discussing it, some Democrats will foolishly and laughably attempt to severely downplay it, and one will attempt to take sole credit for it when such credit is not due to him.
THIS is how you Make America Great Again.
“I can do all things through him who strengthens me.”
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