Hinderaker simply dittos some of the dumbest economic writing put out in the last half century. He does so solely because it seeks to glorify Trump.
In this particularly preposterous segment, some would be MAGA-economist (hey! isn’t that… an oxymoron of some stripe?!) argues that the job numbers aren’t bad.
They’re actually good, he claims. He says they’re good because there were nearly 200,000 people laid off, from federal government jobs / steadily employed largely high wage workers.
So (they say!) when you just “forget about those 200,000 to 300,000 layoffs,” the nation actually saw a net gain of about 121,000 jobs. WTH?!
Obviously, that is monumentally… stupid.
What makes him think that people who worked for the federal government will stop eating, will stop consuming healthcare, will not seek public assistance — if they cannot find paying jobs?
The whole point here is they are all US citizens, and unlike the other claptrap that he offers (about many other unemployed people falsely voluntarily self-deporting…) In other words, they just “walked home” is his theory — to some other country. WTH?
Even then, it is silly — because the job number measures the strength of the US economy to create gainful employment at living wages, so that people will not need public assistance.
Damn. The stoopid — it burns.
John and his moronic copywriter try to convince their ever more moronic readers… that getting rid of 300,000 workers is a sign of strength in the economy.
They don’t even try to make any economic argument that would make sense. They just say… “don’t look… over there.”
Here is the nutty flavor of his particularly peculiar fudge:
…But control for Federal layoffs and we gained 121,000.
Control for deportations and we gained 300,000…
Yeh — this is the stuff of rainbow unicorns, John — yet he says this will mean we need to “look more closely” at future dour jobs data.
I guess he thinks his taxes will cover all these newly added folks — now onto the public dole. What a moron.
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