I told you earlier about the ADP/Moody’s Analytics report estimating that the US economy added over 270,000 jobs in December, 100,000 more than economists predicted. The official government number was announced Friday by the Labor Department, and it puts the December jobs number at 312,000, or 176,000 more than the government expected. Wages also ticked up by four-tenths of a percent, for a total 3.2% increase for 2018. Unemployment rose slightly to a still-low 3.9%, but that was because Americans who weren’t looking for jobs before are now getting back into the workforce.
Hispanic and Latino unemployment hit 4.4%, tying the October figure, which is the lowest since records started being kept in 1973.
In response to the great jobs news, the Dow, which had plummeted Thursday on a disappointing earnings report from Apple, surged by over 700 points.
Meanwhile, by kicking off their first day back in power in the House with measures to eliminate the Electoral College, impeach Trump and demand to see years of his personal tax returns, the Democrats proved that they are hopelessly stuck in relitigating the 2016 election and don’t care if they derail the economy in their quixotic quest to slay the dragon Donald.
Well, they promised change. Let’s hope they don’t change the jobs and wage growth numbers back to what they were when Democrats were in charge.
According to a new AP/NORC poll, immigration is the #1 issue Americans think the government needs to work on this year. So the newly-elected Democratic House immediately swung into action by passing its very first bill: a measure to force President Trump to turn over 10 years’ worth of his personal tax returns to the government.
Just on a side note, this shows the jaw-dropping ignorance of leftists when it comes to the way business people do taxes. Do they seriously think that Trump stays up all night, making out his own 1040 form, perhaps by the light of a single stingy candle, as he carefully hides chicanery among the deductions?
Reality check: he’s a billionaire who heads dozens of corporations. His tax form is probably as long as the New York phone book (largely thanks to the byzantine tax laws created and defended to the death by liberals) and is made out by a battalion of lawyers and accountants he never sees. Do they think he even reads it? If he signs it, it’s probably with an Autopen.
I’ve argued for years before Trump came on the scene that no politician should ever hand over his or her personal tax forms. Everything the government needs to know about a candidate’s finances is shown much more clearly on the financial disclosure forms that are already required by law. Handing over personal tax forms does nothing but invade their family’s privacy and give political opponents a handy weapon for personal attacks, which is why the House Democrats really want this.
It is nice of them, though, to make it so abundantly clear to voters on Day One exactly what their priorities really are.
Join me tonight on TBN for the very first “Huckabee” of the New Year, and what a way to kick off 2019! I’ll visit with Millennial pro-life leader Lila Rose. Financial adviser Chris Hogan will tell you the millionaires’ own secrets for amassing wealth. You’ll laugh yourself limp at Dan Whitehurst, a hilarious comic with a very unusual background. I’ll have serious commentary plus some goofy news “In Case You Missed It.” Finally, brace yourself to get all shook up as we celebrate Elvis Presley’s birthday with two men who knew and worked closely with the King: gospel singer Terry Blackwood and guitar legend James Burton. They’ll rock the house in honor of Elvis, with a special surprise guest bass player trying to keep up.
Don’t miss a minute of it! It’s coming your way tonight at 8 and 11 EST, 7 and 10 CST, and the same times on Sunday, only on TBN. To find the TBN channel in your local area and to stream previous episodes of “Huckabee,” visit https://www.tbn.org/programs/huckabee
Rep. Alexandria Ocasio-Cortez seems determined to prove that there really is no difference between a “Democratic” Socialist and just a plain old, run-of-the-mill socialist. After being in office for less than 48 hours, she began calling for a 70% top tax rate to pay for massive big government schemes like a “Green New Deal.” She pointed out that we had such high rates in earlier decades – which is true, except she’s apparently way too young to remember that (A.) under the tax laws then, rich people used deductions, loopholes, tax shelters and other methods to avoid paying more than about 28% on average; and (B.) the Reagan boom that lasted for nearly 20 years proved, as did the Trump tax cut, that it’s far better for the economy and job creation to free up private capital for investment than to force people to sit on wealth to preserve it from the IRS. Wanting to return to the bad old days of punishing productivity with cripplingly high taxes is a prime example of Santayana's warning that those who can't remember the past are doomed to repeat it.
In the same interview, AOC also compared herself to FDR and Lincoln, again after serving for fewer than 48 hours in Congress. To quote the Church Lady, an “SNL” character I’m pretty sure she’s also too young to remember, “We like ourselves, don’t we?”
Edward Burke, one of Chicago’s most powerful Aldermen and a big cog in the local Democratic machine, has been hit with federal charges for allegedly trying to extort Burger King. No, a Democratic Chicago Alderman being accused of corruption isn’t the newsworthy part, although the filing of actual federal charges is rarer than it probably should be. No, the really interesting part is buried deeper in the story:
When the FBI raided Burke’s City Hall and ward offices, they found 23 guns. As Emily Zenotti of the Daily Wire noted, “Burke was a key partner with Rahm Emanuel in expanding gun control in Chicago through the mayor’s ‘Safe Guns Policy.’”
How can any gun control law possibly keep guns out of the hands of known criminals if Chicago's Democratic Aldermen are still allowed to own them?
Speaking of Democratic priorities, another first-day issue for them was introducing a doomed Constitutional Amendment to eliminate the Electoral College. They call it “outdated” because Hillary Clinton and Al Gore won the popular vote but not the Electoral College vote. Of course, the next time a Democrat loses the popular vote but would have won the Electoral College vote, they’ll be screaming to bring it back.
I’ve written this so many times, I could just cut and paste it, but once more with feeling: the Electoral College worked exactly the way it was supposed to work in 2016. Hillary Clinton counted on the popular vote in a handful of solid blue states to hand her the presidency, and she ignored other states where Americans felt their concerns weren't being represented in Washington. That’s exactly why we have the Electoral College, and it’s the genius of the system the Founders created. Everybody knew it was an Electoral vote race going in, and if Hillary failed to take that into account when planning her campaign, then she's too dumb to be President, which I seriously doubt.
The proper response to this amendment is “You lost. Get over it. You claimed you wanted this job, now start showing you’re serious about doing it like an adult. If not, then you won’t love the popular vote so much in 2020 when it overwhelmingly throws you out of office.”
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