It looks as if Joe Biden might have been right about a “dark winter” ahead, but if so, it’s mostly because people think he’s likely to become President.
Friday, the Department of Labor issued a disappointing November jobs report. It was expected that the economy would add 440,000 new jobs, but the number was only 225,000. This comes after several months of the economy roaring back from the coronavirus shutdowns with record growth and job creation. Why the sudden downturn?
When people started being told in the first week of November that Biden is the “President-elect” (he’s not, at least not yet), it’s likely that business owners braced for a return of the deadly policies of the Obama years, Biden’s promised big tax increases, kowtowing again to China and a wave of intrusive, business-crushing regulations imposed by clueless liberal bureaucrats with zero private sector experience.
Biden called it a “dire jobs report,” complaining that “one in four businesses can’t keep their doors open.” I assume he thinks we'll blame Trump for it. I wonder if it even dawns on him that we know what allegedly happened in November. Businesses are shutting their doors because his fellow Democrats keep ordering their doors to be nailed shut, and the sudden drop in hiring is because business owners are suddenly battening down the hatches in fear that the roaring Trump economy he ran against is about to turn back into the anti-business Obama-Biden economy we suffered through for eight years.