October 15, 2021 This week, the Biden administration received just the latest slap in the face from cruel reality: An economic report showing just 194,000 jobs added in the month of September, short of the 500,000 jobs forecast by most economists. The unemployment rate dived to 4.8% from 5.2% — not as a result of job gains, but as a result of more and more Americans dumping out of the work force. Meanwhile, inflation continued to pick up steam, with domestic labor shortages exacerbating supply-chain bottlenecks.
How should we explain the bizarre spectacle of a nation that should be booming stagnating instead?
For the Biden team, the answers range from the completely idiotic (lack of government stimulus, after the greatest single spending binge in world history) to the merely foolish (the delta variant, caseload from which has taken a nosedive). The actual answer, however, is simple: We have spent a year training Americans to believe that work is alternately unsafe, unavailable or unnecessary. ‘The Final Straw’: PA School Board Assn Withdraws From National Assn After ‘Domestic Terrorism’ Letter BREAKING: Loudoun County School Board Member Resigns Following Daily Wire Investigation Transportation Secretary Pete Buttigieg Has Been On Paid Leave For Months Amid Supply Chain Crisis Was this newsletter forwarded to you? Request the next issue of The Daily Shapiro here. |