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Unleash Prosperity Hotline
Issue #1218
03/10/2025
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1) One Million Fewer Full-Time Workers in February Jobs Report

The headline number from Friday's Labor Department jobs report was a 151,000 increase in payroll employment. That's a decent number. But a second measure (a smaller monthly survey of households rather than the "establishment survey") counted more than a half-million FEWER Americans employed in February.

Equally worrisome is that another 460,000 people in the civilian labor force last month worked part-time "for economic reasons" - which typically means they lost a full-time job or couldn't find full-time work due to "slack work or business conditions."

Uh oh! This could be a one-month blip (hopefully) or it could mean private employers are pulling back big time on hiring.

We think the hangover effect of Bidenomics is much more severe than expected. Much of the GDP "growth" was built on the flimsy stilts of government spending.

We have here yet another flashing warning sign that conservatives in the Senate must stop slow rolling the Trump tax cut. Make haste - as "the two Steves" Forbes and Moore urge in this weekend's New York Post:
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2) Reminder: The Stock Market Hates Tariffs

We know that many of our readers like President Trump's tariff policies, and we've often supported the negotiating tactic, as well as the reciprocity concept.

But what is undeniable is that tariffs are an economically risky tool, and last week we were reminded of that financial reality. Stocks (and the dollar) have taken a beating as with every new tariff announcement. Like clockwork, financial markets recover when Trump announces tariff relief or delays.
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Bloomberg's economic uncertainty index, driven by Trump's fluctuating tariff policies, has hit an all time high:
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3) Drug Deaths Are Falling

President Trump says the tariffs on Canada and Mexico are designed to keep fentanyl out of the U.S. We're for doing all we can to reduce drug overdose deaths.

We thought you'd like to hear some good news: drug deaths fell last year. The bad news is that fentanyl, cocaine, and heroin overdoses are still way too high and a major leading cause of death of young Americans. Overall,d overdose deaths are still above pre-lockdown levels.
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As the chart shows, the latest data from the CDC reports a 24% decline in drug overdose deaths in the United States in the 12 months ending in September 2024. The October to September number fell from more than 110,000 in 2023 to 84,000 deaths in 2024.
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4) Federal Bureaucrats Try to Save California's Electric Vehicle Mandate

You may have seen this disturbing fake news headline over the weekend:
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It's not true. The GAO can't overrule Congress or the President. Our source is the exact same GAO report that Reuters whiffed on.

This is footnote number three:
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In other words, the moment Lee Zeldin submitted the California waiver to Congress for review, GAO became irrelevant to the process. The GAO lawyer who wrote the report published it anyway, but it has zero legal effect. If Congress voted to overturn the waiver, it is null and void and, per the express terms of the Congressional Review Act, not subject to judicial review.

Bottom line: you can now buy whatever car you want.
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5) Reducing the Bloated Federal Bureaucracy Is Good for the Economy

Liberty Vittert, a professor of data science at Washington University in St. Louis and the on-air statistician for the NewsNation network, makes a key point:

The most frustrating argument I have heard against DOGE's cuts is that government workers are losing their jobs. Of course, I feel for anyone who loses a job -- it is a scary moment for anyone, causing huge upset for themselves and their families. But this isn't new. Under President Obama, multiple regulations led to tens of thousands of job losses -- people with no other training and who had been coal miners or worked in factories their entire lives lost their jobs with just a few days' notice. Entire communities were devastated by Obama and Biden-era policies, and in some cases they were quite proud of it.
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Some federal employees are particularly prolific destroyers of private sector jobs, with one study finding that cutting the budgets and staffing of federal regulatory agencies by 10% would result in the creation of over 3 million private-sector jobs.
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6) Trumpaphobia

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