Staff Reports
The latest jobs report is a clear indicator that the economy is riding a rickety bicycle on a tightrope. Adding only 22,000 jobs in August when Wall Street fat cats expected 75,000 shows how out of touch the so-called experts are. The downward revision from June’s job figures — turning what was once a gain into a loss of 13,000 jobs — is just another crack in the dam. It’s a sign that the smoke and mirrors used to mask the economic reality of this administration are crumbling.
The unemployment rate increased again, this time to 4.3%. Now, let’s put this into perspective: Government jobs shrank, yet we’re seeing growth in “government-adjacent” sectors like healthcare and social services. Why? Because our tax dollars are being mined to support bloated industries that thrive on inefficiency and bureaucratic red tape. Instead of true economic growth, we’re feeding the beast while average Americans feel the pinch in their wallets.
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The real kicker? The average worker is growing more pessimistic about the future. And who can blame them? The layoffs are accelerating in everything from retail to technology, and people are bracing for financial setbacks. Meanwhile, consumer sentiment is in a tailspin, dropping nearly 6% in August. When Americans don’t feel secure about spending their hard-earned money, that’s a huge red flag for an economy teetering on the edge of a cliff.
And yet, some economists are trying to blow sunshine up our backsides, claiming this isn’t a harbinger of recession. They say our unemployment rate is stable. Stable? Give us a break. Stable is not good enough when people’s livelihoods are on the line. These apologists are either blind or complicit, sugarcoating a disaster-in-the-making. It’s another testament to the liberal elite’s inability to face facts head-on.
The focus must turn to the Federal Reserve now, as President Trump already has it in his crosshairs. Chairman Jerome Powell is on the ropes, with one scandal or another seemingly always circling the institution. With an array of legal troubles tarnishing those in his ranks, Powell’s keeping interest rates stagnant is intolerable. Let’s ask the real question: As America falters, is anyone in charge ready to put the wheels of true economic recovery in motion?
