Our President Is Exposing the Lie About A Government Shutdown

I can’t stop laughing this morning after seeing the latest Jobless Claims Report. The ECONOMIC TRAIN is absolutely blowing away all the naysayers.

From the article linked above:

The Labor Department (DOL) said initial jobless claims fell to only 199,000 for the week ending January 19, easily beating the 218,000 consensus forecast.

This is the lowest level for initial claims since November 15, 1969 when it was 197,000.

The advance seasonally adjusted insured unemployment rate was unchanged at a very low 1.2% for the week ending January 12.

From the article linked above:

Filings for U.S. unemployment benefits fell last week to the lowest level since 1969, signaling the labor market remains tight despite the partial federal-government shutdown.

Jobless claims declined 13,000 to 199,000 in the week ended Jan. 19, bucking economist forecasts for an increase, Labor Department figures showed Thursday. The four-week average, a less-volatile measure, decreased to 215,000, the lowest since early November.

BLOOMBERG TRIED TO RAIN ON THE PARADE WHICH WILL BE SHOWN TO BE TOTAL BS!

  • The surprise drop indicates how reluctant employers are to fire workers, with the strength overshadowing the shutdown affecting one-quarter of the government. In any case, the closure is seen reducing economic growth the longer it drags on.
  • Initial filings by federal employees jumped by about 15,000 to 25,419 on an unadjusted basis in the week ended Jan. 12, reflecting the third week of the shutdown that’s caused pay to halt for hundreds of thousands of workers. Those figures aren’t included in the headline claims number, which reflects state unemployment-insurance programs.
  • Analysts caution that it may take more time for the shutdown to be fully reflected in the report, and data on federal employees are reported with a lag. 

THIS IS A COMPLETE LIE! The 1st Quarter real GDP rate historically comes in at 1.2%. Our President reversed that 10 year trend last year by having the 1st Quarter real GDP rate finish at 2.2%.

From the article linked above:

Most economists forecast that the shutdown will weigh on the economy in the first three months of the year. Depending on when it ends, growth could slow to a 1.5 percent to 2 percent annual pace in the first quarter, down from 3.4 percent in the final three months of last year.

If it lasts through March, growth could even fall to zero, Kevin Hassett, the chairman of the White House’s Council of Economic Advisers, acknowledged Wednesday on CNN. Some private-sector economists agree.

OUR PRESIDENT IS ABSOLUTELY KILLING IT!

Here comes the Trump Train!!! (…and, yeah…that would be the clueless brain-dead mainstream media  and economists there on the right side of the screen)

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