Last week, it was reported that a record 4.8 million jobs were added to the economy in June, dropping the unemployment rate back down to 11.1% and bringing the two-month total to nearly 8 million jobs restored since the coronavirus lockdowns began. Even with some states reimposing lockdowns and closures because of a rise in cases, this is more proof that the underlying economy remains strong and is being artificially held down by the virus and the official reactions to it.
Meanwhile, Joe Biden had to dump a big shovel full of gloom and doom on the good news. I won’t bother recounting it all here, but you can read it at the link if you’re not easily inclined to losing your lunch.
A couple of reminders:
(1.) Joe Biden was part of the Administration that turned what should have been a quick economic recovery into an 8-year struggle in economic quicksand; the slowest recovery in history, where people working three part-time jobs were told to get used to it because anemic job creation and below-2% GDP growth were the “new normal.”
(2.) Biden blames Trump’s “bungled” response to the coronavirus for both the job losses and the deaths from the disease. Yet Biden was part of the Democratic crowd that accused Trump of racism and xenophobia when he shut down travel from China (a nation that owns Biden so thoroughly, I wouldn’t be surprised if they have a receipt). They also predicted 2.2 million US deaths and now blame Trump that there are 126,000 deaths, even though most of them were in the Democrat-run states of New York and New Jersey and due to idiotic policies like forcing nursing homes to take in COVID-19 patients. Biden also points to the recent rise in cases, implying that it's due to the economy reopening, conveniently ignoring the massive superspreader events that Democrats not only endorsed but participated in. Finally, how many of those victims might be alive today if Democrats and the media weren’t more interested in badmouthing the now-proven drug hydroxychloroquine to make Trump look bad than in saving patients’ lives?