Posts Tagged ‘jobs’

Record High Jobs, Low Unemployment, Doom Trump

August 3rd, 2018 Scott Ott

(2018-08-03) — The Commerce Department reported today that more Americans than ever went to work in July, and that unemployment hit an historic low. The latest jobs report virtually dooms President Trump’s Republicans in the 2018 mid-term elections, because Trump’s son, Donald Jr., met with Russians, his former campaign chief, Paul Manafort, bought an ostrich coat, and the president won’t apologize to CNN reporter Jim Acosta for calling the news media “the enemy of the people.”

The Federal Reserve this week upgraded its assessment of the economy from “solid” to “strong”, which means time’s running out for Trump-backed GOP candidates to explain why First Lady Melania isn’t always with her husband, and why his daughter, Ivanka, sometimes disagrees with her father.

Hispanic unemployment also hit a new record low, and Black joblessness remains near its new historic bottom, signaling that Republican candidates must distance themselves from Trump because everything the president has done so far constitutes impeachable “high crimes and misdemeanors.”

The disastrous jobs report comes on the heels of the Commerce Department’s foreboding announcement last week that GDP growth hit a four-year high, at 4.1 percent.

Minutes after the latest report, worried political consultants gathered behind closed doors inside the beltway to strategize how to rescue the GOP by engaging voters, who now have less time to watch political talkshows because they’re at work.

Share Button
 
Posted in Economy, Politics Tags: , , , , , , , , , 3 Comments »

Trump Demands China Send U.S. Money, Not iPhones

July 6th, 2018 Scott Ott
President Trump in this file photo expresses disgust that he's stuck with a smartphone when he could have a fistful of dollars instead.

President Trump expresses disgust that he’s stuck with a smartphone instead of a fistful of dollars.

(2018-07-06) — As the trade war escalated between the United States and China following enactment of U.S. tariffs on some Chinese-made imports, President Donald Trump today mulled a full ban on imports of iPhones and other smartphones, insisting instead that China “send us real money.”

“We have a $375 billion trade deficit with China,” Trump said. “That means that we send them genuine dollars, and all we get in return is stuff — like iPhones. From now on, when we send them dollars, we want them to send us the same number of real dollars in return. That’s the only way to truly, truly balance the trade deficit.”

As economists have long known, paper money, and its electronic equivalent, hold intrinsic value. Objects like iPhones, steel pipe, or running shoes, are mere symbols of value that facilitate the exchange of tangible dollars. The president campaigned on boosting U.S. holdings of intrinsically-valuable currency, while also increasing how long U.S. consumers must work to afford ephemeral products, which are backed by nothing more than faith in their utility.

“To get more, and better-paying, jobs in the USA,” Trump told a rally in Detroit last night, “we need to drive up the cost of what Americans buy, so that they can get second jobs, and demand higher wages. Isn’t that why you elected me? More jobs. Higher wages.”

Share Button
 
Posted in Economy Tags: , , , , , , , , , , , , , Comments Off on Trump Demands China Send U.S. Money, Not iPhones

Obama’s 11th Hour Appeal: Please Don’t Vote Democrat

October 29th, 2014 Scott Ott
Obama in Oval Office

Obama wrote his final midterm election appeal in the Oval Office, between phone calls from Democrat candidates who begged him to endorse them, and to speak at their campaign events.

(2014-10-29) — With less than a week before the pivotal midterm elections, and with polls showing Republicans may take control of the U.S. Senate thanks to President Obama’s dismal popularity numbers, Obama today made his final appeal to voters.

“Please don’t vote Democrat,” the president said in a video recorded in the Oval Office. “I’m personally asking you to remember what I promised, and what I’ve delivered, and to trust me again when I say, don’t vote Democrat on November 4th.”

The White House said the president’s “Don’t Vote Democrat” message is backed by his record, and his credibility, and was recorded at the request of Democrat Congressional candidates.

“Right now,” said White House press secretary Josh Earnest, “the best thing the president can do to assure election of a Democratic Senate majority is to vigorously oppose Democratic candidates everywhere.”

To drive home the message of the video, Obama then rehearsed his accomplishments:

“If you liked your doctor and you kept your doctor, then please don’t vote Democrat.

If you’re now paying $2,500-a-year less for your health insurance, don’t vote Democrat.

If you feel safer from terrorists and infectious disease, and if America’s enhanced stature around the world — including our restarted relations with Russia, friendship with Israel, and the peace that’s descended on Iraq since I pulled the troops out — if that all makes you feel more secure, then don’t vote Democrat.

If the closing of Gitmo brings tears of joy to your eyes, and if the new civil tone in Washington, and greater brotherhood among racial groups makes you feel part of one nation under God, don’t vote Democrat.

If you look at the NSA and the IRS and they remind you that ‘government is simply what we do together,’ then don’t vote Democrat.

If you’re making more money at work, and spending more time on vacation and leisure, please don’t vote Democrat.

And finally, if your kid found a job right out of college, and you can make your basement a game room and workshop again, please don’t vote Democrat.”

 

Share Button
 
Posted in Politics Tags: , , , , , , , , , , , , , Comments Off on Obama’s 11th Hour Appeal: Please Don’t Vote Democrat