House Minority Leader Nancy Pelosi (D-CA) just slammed a tremendously positive U.S. jobs report. She said the good employment numbers didn’t matter to “families hit with soaring new costs” under Republican leadership.
Thanks to President Trump, the economy added 223,000 jobs in May, the unemployment rate dropped to an 18-year low of 3.8 percent and average hourly earnings rose 0.3 percent. But that wasn’t good enough for Pelosi and she really got riled up over it. It was that last number that ticked Pelosi off.
— Nancy Pelosi (@NancyPelosi) June 1, 2018
“May’s jobs report shows that strong employment numbers mean little to the families hit with soaring new costs under the Republicans’ watch,” Pelosi said in a statement. “Republicans’ cruel, cynical health care sabotage campaign is already spiking families’ premiums by double digits and pushing millions off their coverage, according to the nonpartisan CBO,” she went on. “Big Pharma continues to hoard the benefits of the GOP tax scam, using their handouts to further enrich executives and shareholders instead of lowering prescription drug costs for seniors and sick kids. At the same time, the President’s reckless policies are exploding gas prices, wiping out the few meager gains that some families should have received from the GOP tax scam, as wages remain stagnant.”
“From day one, the White House and Republicans in Congress have sold out working and middle class families to further enrich the wealthy and big corporations shipping jobs overseas. Thanks to the massive windfall of the GOP tax scam, Wall Street and wealthy corporations are on track to spend $1 trillion on dividends and stock buybacks while simultaneously announcing tens of thousands of layoffs and shipping jobs overseas and refusing to raise workers’ wages.”
“Democrats know that the American people deserve A Better Deal, with Better Jobs, Better Wages and a Better Future. We are committed to creating millions of new good-paying jobs and raising wages, lowering the soaring cost of living for families and giving every American the tools to succeed in the 21st Century economy,” Pelosi wrote. “Democrats will never stop fighting for the hard-working middle class families who are the backbone of our nation.”
Wow! Absolutely none of that rant is true. It is one long continuous impressive lie. Trump and Republican leadership in Congress were able to successfully pass the most comprehensive rewrite of the U.S. tax code in 30 years in December. The bill slashed the corporate tax rate from 35 to 21 percent and yet, Pelosi calls it a scam and refers to ‘crumbs’. Talk about tone deaf. According to The Daily Caller, “Prior to the recent reforms, the U.S. had the highest corporate tax rate of all Organization for Economic Co-operation and Development (OECD) nations and one of the highest in the world, causing American capital flight for decades. Large U.S. firms have kept some $3.2 trillion overseas since 2005. The worst offenders are in the tech, pharmaceutical and engineering sectors.”
The New York Times “Upshot” writer Neil Irwin raved about the jobs report, calling it “splendid and excellent.” So, Pelosi hates it, but even the Old Gray Lady loved it. Huh. “‘Salubrious,’ ‘salutary’ and ‘healthy’ work as words to describe the 0.3 percent rise in average hourly earnings, which are up 2.7 percent over the last year — a nice improvement but also not the kind of sharp increase that might lead the Federal Reserve to rethink its cautious path of interest rate increases,” Irwin wrote.
Pelosi has her addled sights set on being Speaker of the House once again if and when the Democrats regain control of the House of Representatives, but the party’s lead in generic ballot polling has decreased. Actually, it’s tanked and the blue wave is way more of a drip these days.
President Trump raised eyebrows by breaking traditional protocol and tweeting he was “looking forward” to the jobs report ahead of its release, although the White House noted he didn’t reveal the actual jobs numbers ahead of their release. The jobs numbers, released by the Bureau of Labor Statistics, are kept secret due to their ability to sway financial markets.
My favorite tweet on all this nonsense comes from Rayburn Thompson: “”Record low unemployment is actually a bad thing” will be a strong message for @TheDemocrats in the midterms.” Exactly! The Dems should just keep using that moronic logic and the midterms will be in the bag… for the Republicans. Take that message all the way into the midterms, Nancy!
.@BLS_gov reports 223,000 new payroll jobs in May, and the national unemployment rate down a tenth to 3.8%, lowest since April 2000.
— Mark Knoller (@markknoller) June 1, 2018
Number of unemployed also on decline from 6.3-million in April to 6.1-million in May. Over the year: unemployment rate down 0.5 percentage point, says @BLS_gov, and number of unemployed down by 772,000.
— Mark Knoller (@markknoller) June 1, 2018
Breaking News: The U.S. economy added 223,000 jobs in May, topping expectations as hiring remained robust. The jobless rate dipped to 3.8%. https://t.co/Q5dIhNvapP
— The New York Times (@nytimes) June 1, 2018
— Matthew Continetti (@continetti) June 1, 2018
spin zone, jobs are bad https://t.co/g2MHRJ4iq3
— Alex Poirot (@alexjpoirot) June 1, 2018
— Very Stable Raybs (@RayburnThompson) June 1, 2018
"strong employment numbers mean little" to American families. Yeah, keep saying that. https://t.co/Dg5hTSLtdD
— Brandon Howell (@BrandonDHowell) June 1, 2018
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