“The Enemy of The People,” Senate Majority Leader “Moscow Mitch” McConnell, looks at the millions of Americans out of work and struggling financially, waiting in food lines and facing utility shutoffs and eviction from their home this winter, and does his best impression of the “Soup Nazi” from Seinfeld: “No stimulus for you!” It’s not … Read more
In case you missed it, the National Bureau of Economic Research, which determines recessions, said the U.S. economy peaked in February BEFORE the economic effects of the coronavirus pandemic began in March, bringing an end to the 128-month economic expansion, the longest in post-World War II history. “The worst U.S. downturn since the Great Depression … Read more
I saw a bizarre ‘Great American Comeback’ TV ad from the Trump campaign (or an affiliated PAC) claiming an economic rebound since the coronavirus pandemic state lockdown orders ended, and praising Trump for all the jobs he has “created.” For those of you old enough to remember this show, I am reminded of Webster from … Read more
Mary Trump in her book about her uncle, Donald Trump, “Too Much and Never Enough: How My Family Created the World’s Most Dangerous Man,” claims that Trump paid a proxy to take the SAT for him. “The high score the proxy earned for him, Ms. Trump adds, helped the young Mr. Trump to later gain admittance as an … Read more
The “official” unemployment rate fell to 8.4% in August as businesses continued emerging from broad shutdowns imposed early in the coronavirus pandemic, the Bureau of Labor Statistics reported earlier this month. But CNBC explains Why the real unemployment rate is likely over 11%: That’s the lowest rate since unemployment exploded in April, to levels unseen … Read more