Are they really this pitifully stupid?
The financial press is gumming gravely today about the 266,000 jobs print for April, noting that it is the worst “miss” since 1998, given that more than 1.0 million new jobs were expected.
Here’s a good one. Sleepy Joe said something sensible on fiscal matters yesterday, thereby causing the left-progressives swarming around the White House to get their panties in a real bunch.
We have no use for Donald Trump, but even less for the arrogant lefty twit, Mark Zuckerberg, who joined a conspiracy of Silicon Valley Robber Barons on January 6th to ban a then sitting president of the United States from their social media platforms.
The reigning “narrative” on Wall Street is truly blind, deaf and dumb. That was made clear on bubble vision this AM by a spokesman for Pimco. She advised her credulous host not to worry about Sleepy Joe’s sweeping tax increases because, well, they will be accompanied by an equal amount of spending stimulus!
During well more than 50 years of observing politicians in action, we have never seen a crew as obstinately stupid as Jay Powell and his band of reckless money printers. Even Lyndon Johnson eventually saw the light on his demented mission to bring the blessings of the Great Society to the Mekong Delta and threw …
The hits just don’t stop coming. The Commerce Department today revealed that government transfer payments in March reached a staggering total of $8.1 trillion at an annualized rate, which figure compares to the $3.2 trillion pre-Covid benchmark level which prevailed in February 2020.
You would think that knuckleheads like Senate GOP Leader Mitch McConnell would finally wake up. Last night the biggest spender since LBJ and FDR combined laid-out Part 3 of a $6 trillion in 100 days spending spree—which comes on top of the Donald’s $4 trillion fiscal bacchanalia last year. Yet the bond vigilantes barely wiggled …
These people are incorrigible.
At the end of the day, economic output is a function of input, and there is nothing more basic on that score than labor hours.