This has not been a good trend.
Since the ill-conceived Summer Walk-Out, when everyone decided the virus was no longer a threat.. just because… we have been going the other way as the virus has re-asserted itself and last month we even had a net job loss of 140,000 jobs. That’s not good because Donald Trump was the first President since Herbert Hoover (-6.4M) to preside over a net loss of jobs during any term, losing 3M net jobs in 4 years.
Keep in mind that we add about 2M people per year so we need at least 1M more jobs per year just to stay even (with 1/2 the population working) so losing 3M jobs puts us 7M jobs behind in 4 years so Biden will have to add 150,000 jobs a month to keep up with population growth AND another 150,000 a month to make up for the lost Trump jobs over the next 4 years – just to get us back to where we were before the Trump error began.
That’s 14.4M jobs in 4 years but it is possible as Joe Biden was Vice-President when Obama added 10.4M jobs in his last term and Biden was a Senator when Bill Clinton added 12.3M and 11.3M jobs in two consecutive terms. Heck, Biden is so old that he was a Senator back when Jimmy Carter and Ronald Reagan added over 10M jobs each. So yes, we can make America great again and we started on that road yesterday as Vice President Harris cast the tie-breaking vote in the Senate to move forward with Biden’s $1.9Tn Stimulus Package.
$1,900,000,000,000 is certainly a lot of money. In fact, it’s $131,944 for each job we need to create over the next 4 years so of course the Republicans voted 100% against it as they don’t want yet another instance of a Democrat turning around an economy that was wrecked by a Republican – how many Hoovers can there be before people begin to notice a pattern?
Republicans offered amendments on cutting federal funding to states that have an active investigation into underreported deaths in nursing homes and blocking aid for schools that don’t reopen after teachers have had the opportunity…
Provided courtesy of Phil’s Stock World.
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