By Bonchie
The Biden Administration’s latest failure has made history. After economists predicted an addition of around one million new jobs to the economy, the actual number came in at a dismal 266,000. That makes it the worst miss in history and an absolutely pathetic showing for Joe Biden’s “build back better” strategy.
Not only did we not add anywhere near the number of jobs expected, but the unemployment rate actually went up to 6.1%.
Economists were hoping for a figure roughly 1 million jobs larger — making this the biggest miss, relative to expectations, in the history of the payrolls report. https://t.co/BjLqZN5Llk
— Axios (@axios) May 7, 2021
The reason this is happening isn’t just bad luck. This can be directly linked to Joe Biden and his party’s insistence on showering people with “unemployment” benefits that last into the fall. Right now, you can make more money sitting at home than you can by doing many service jobs that need filling, and even if you can’t, some people have decided that making less money to do nothing is better than making more money to actually work.
Congratulations President Biden – you have achieved the progressive utopia. At least 7.4 million job openings but only 266,000 people got a job last month. pic.twitter.com/VfBNwaZfPe
— Charles V Payne (@cvpayne) May 7, 2021
I’m currently in Florida as I type this. Every single restaurant I’ve been to is short-handed. The same is true for my home city and every city I passed through to get down here. These are jobs at nice establishments that routinely paid people $3,000-$4,000 a month in wages and tips. But when you can sit on your butt and make $2400 a month, why bother? That’s the calculation a lot of Americans are making, and in some ways, I can’t blame them. This is a failure of leadership from the top down, starting with Joe Biden, who is utterly incapable of doing his job as president.
Republicans warned about this happening and were mocked as not caring about the pandemic. Now, the consequences of garbage policy are being made apparent.
the white house reading the april jobs reports after pushing an extension of unemployment and insane spending pic.twitter.com/FCQ3MzgCj6
— kaitlin (@thefactualprep) May 7, 2021
This report was so bad that CNBC had to double-check the numbers live on air because they couldn’t believe what they were reading.
It’s also clear that the Biden administration didn’t expect things to be this terrible.
One thing Democrats are good at (besides lying) is failing. Here we have MAJOR failure, the idiot Biden blowing a hole in his foot with one of those “ghost guns” had has banned. But, as with most of their gigantic failures, it is difficult to determine if they are actually THAT stupid (they do seem pretty stupid) or is this by design.
Even though it has been definitively proven that there is no real scientific reason to maintain shutdowns, Democrats stood behind them, even up till now. It comes as a surprise to no one that when the economy is shut down, economic activity suffers. Likewise, opening it back up will restore economic activity (except for that parts of the economy the shut down killed). Third quarter of last year (30% growth) proved this.
But Democrats use the self-inflicted recession as an excuse to “fund” trillions of dollars in pork, waste and potential fraud and corruption. They purposely stalled passing much-needed aid to citizens in the hope that idiot Biden would get frauded into office and the printing presses could hum once again, pouring money into the pockets of them and their supporters (because, you know, they care so much about the little guy).
So, why not do stupid things that everyone realizes is stupid and counter-productive to provide the excuse for MORE wasteful spending?
Obamanomics wasn’t that long ago so we have to remember how it works. The unemployment rate will drop once the Labor Force Participation Rate drops.
It’s the result of 16 consecutive months of a COVID-19 pandemic that Donald Trump told you would miraculously just go away, and that his followers deny has killed 580 thousand Americans.
And exactly as he did following the epic Great Recession of 2007-2008, Mitch McConnell has again announced his intention to thwart Democratic recovery measures by every means available.
May 5, 2021 – McConnell says he’s ‘100 percent’ focused on ‘stopping’ Biden’s administration
https://www.nbcnews.com/politics/joe-biden/mcconnell-says-he-s-100-percent-focused-stopping-biden-s-n1266443
As with COVID-19 itself, maybe the economic consequences of a 16-month medical disaster will just miraculously go away.
Thanks to idiot Biden’s business partners, the CCP.
I’ve been here long enough to remember when Greg was opposed to multi-trillion dollar deficits.
Guess it’s different when a Democrat does it because reasons…
Yeah. Democrats are the party of debt. Trump was leveraging debt, because..you know…he’s actually someone with executive and business experience who can run a country. We were raking in Billions per week, something the idiot press wouldn’t cover.
Haters gonna hate.
Biden’s short reign is the abject disaster we knew it would be, or more likely the planned disaster it’s meant to be.
The buck stopped with Trump, right? Now it’s idiot Biden’s turn.
Heavy is the head that wears the crown….if they actually won that crown legally, I guess.
Seems knowing your a fraud might turn your will to jelly, making you the inept coward we all know you are.
Trump saved millions and you jerks continue to spread the hoax that Trump is to blame for a virus that “got out” from a level 4 biolab in a developing third-world country.
When the economy was opened back up under Trump, the economy grew 30% in one quarter. Idiot Biden destroys jobs and the economy because it gives him and his vultures an excuse to steal more money from the American people. He lets the damned teacher’s unions push him and the CDC around and has to check with the CCP before he makes any economic decisions.
All the economy needs is to open up but Democrats want to keep things shut down to milk the American people. This idiot has NO IDEA what to do unless he follows Trump’s policies. When he follows Trump’s lead with the vaccines, he succeeds. When he follows his policies, he completely fails, like on the border and the economy.
This bumbling idiot is the WORST. The absolute WORST. And that slut Kamala has NO clue whatsoever. You numbskull Democrats… you sure can pick em. That’s why it takes FRAUD to get them in office.
Biden is a disaster. Dead kids, caged kids, job loss, covid spread….all while squandering the economy and gains made by Trump.
He’s bought by a New World Order, most likely at the aid of your employer, the Chinese Communist Party.
Biden wanted to keep the country open: would have killed millions.
Biden said the vaccine couldn’t be made in months. Thank God Trump isn’t a loser like the average politician.
Now Biden is distributing the Trump vaccine, which is saving millions world-wide.
Trump’s success is without argument.
So court packing, getting rid of the filibuster, statehood for D.C. All Democrat goals. These are just power grabs. Then we have E.O’s that put thousands of good paying private sector workers out of a job, because Biden doesn’t like to work they do. So yeah I’m ok with Mitch trying to stop Biden.
I guess Greg forgets the Democrats trying to stop Trump with coups, lies and false accusations. At least McConnell will use Constitutional measures to try and keep idiot Biden and Democrats from destroying the country.
Oh, and of that 266,000 jobs, 48,000 were generated by the ever-growing and inefficient government.