Joe Biden Speaks After Disappointing April Jobs Report

Unlike a lot pundits, I wasn’t willing to pop the champagne and assume that the economy would be roaring a year from now. Few things are more unreliable than the predictions of economists.

New York Times:

“There definitely is a boom underway, even if a vast majority of Republicans claim to believe that the economy is getting worse. All indications are that we’re headed for the fastest year of growth since the “Morning in America” boom of 1983-1984. What’s not to like?

Well, booming economies often run into temporary bottlenecks, which show up in surging prices for selected goods. For example, the price of copper tripled between December 2008 and February 2011, even though recovery from the 2008 recession was fairly sluggish. …”

Axios:

“The U.S. economy added a mere 266,000 jobs last month. Forecasters had floated gains close to 1 million, making this the biggest miss, relative to expectations, in decades.

Why it matters: It’s a major setback for the hopes of a speedy labor-market recovery alongside America’s great reopening. …”

The economy was hot for Trump until suddenly it wasn’t.

About Hunter Wallace 11694 Articles
Founder and Editor-in-Chief of Occidental Dissent

9 Comments

  1. “U.S. economy added a mere 266,000 jobs last month. ”

    …….and that is with trillions in deficit spending!

    As I’ve said before, we have passed the point of no return, when $1 of added deficit produces less than $1 of gdp.

    We are in a new world, where additional deficit spending takes away from the economy.
    Typical, when a nations defict > GDP

    • The dollar, and the government that prints it, is in the process of losing its value, in other words.

  2. Looks like we need more immigrants to stimulate the economy. Immigrants will create the jobs that white people don’t want to create.

  3. Nobody wants to work for less money than they would get from the unemployment benefits.

    • Maybe nobody wants to work for $10/hr when they see on the news that the cocksucker Billionaires got 50% richer since the pandemic began because Uncle Sam threw Trillions at Wall Street and the jewish oligarchy while Main St got decimated.

      • Hey, my conservatard friends say those billionaires worked really hard for that money and deserve it.

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