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‘This Is a Very Strong Economy’: Experts Cheer October Jobs Report – Blast Those Claiming ‘Recession’

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The U.S. Bureau of Labor Statistics has just released the October jobs report and economists are thrilled once again with the numbers. Employment increased by 261,000 in October, and unemployment ticked up slightly to 3.7% – which remains an astonishingly great number. Economists used to say 5% unemployment was considered “full” employment.

“This is a very strong economy,” writes popular University of Michigan School of Economics Professor Justin Wolfers, a senior fellow at The Brookings Institution.

“And whatever you read elsewhere, employment growth is motoring along,” Wolfers adds, offering another chart to prove his point. “Indeed, job growth over the past three months (or indeed, this month) has continued at a rate that exceeds almost any point in the pre-pandemic 2000s.”

“This is an historically strong rate of growth.”

Economist David Rothschild posts a graph showing jobs growth under Democrats massively better than under Republicans.

Wolfers takes a swing at all those claiming the U.S. is in a recession.

“In normal times, this would be regarded as extremely rapid growth, and a strong labor market. For some reason people are shouting ‘recession’ in a crowded theatre, instead.”

RELATED: ‘No Recession’: Economists Elated Over ‘Amazing’ and ‘Perfect’ Jobs Report – Blast Media’s ‘Anti-Biden Narrative’

Wolfers points to Betsey Stevenson, a former Member of President Obama’s Council of Economic Advisers & Chief Economist at the U.S. Dept. of Labor, calling her “wise.”

“Strong jobs report,” Stevenson says, “lots of hiring, broad based, and wage growth is slowing slight. The Fed just might get us that soft landing.”

“Under Democratic government economy is stronger & crime is lower,” Rothschild writes, “those are the facts, and extremely meaningful context when polls say people are voting Republican due to economy & crime. Only makes sense if they want a weak economy & higher crime.”

RELATED: ‘Ain’t No Recession’: Economists Praise ‘Huge’ Employment Numbers – ‘We’re Back, Baby’

Rothschild also points to David Rothkopf, the well-known foreign policy, national security, and political affairs analyst and commentator, CEO of The Rothkopf Group, and author of 10 books including “American Resistance”

“It’s not just that @POTUS & @TheDemocrats have a stronger case to make than the GOP on the economy,” he tweets ahead of the BLS report, and linking to a Daily Beast article titled, “Republicans Are Bad for the Economy. Here’s Why.” “It is that the GOP record is abysmal and has been for decades. The facts tell a far different story than you’ve been hearing from many during the campaign.”

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BREAKING NEWS

Santos Recuses Himself From Committees Amid Possible Criminal Investigation

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Embattled freshman U.S. Rep. George Santos (R-NY), in what is the first time he has taken any steps to acknowledge the depths of political and now possibly criminal challenges he faces, says he will recuse himself from his committee assignments until his ethics issues have been resolved.

Santos also told his Republican colleagues of his plans on Tuesday, NBC News reports. Santos is on the Science and Small Business committees.

The Daily Beast’s Roger Sollenberger, who has provided extensive reporting on the Republican frequently called a “serial liar,” adds that the Santos’ announcement came after a meeting with Speaker Kevin McCarthy.

“With all signs pointing to an active federal criminal investigation into his campaign finance activity, Santos has ‘voluntarily’ declined—after meeting last night with Kevin McCarthy—to stay off of committees, as Republicans try to sideline Ilhan Omar,” Sollenberger reports.

READ MORE: DOJ Signals It Is Conducting a Criminal Investigation of George Santos

Sollenberger broke the news that Santos, or his campaign, amended his FEC filing to indicate $625,000 in “personal” loans to his campaign were not actually from his personal funds.

Republicans are trying to keep U.S. Rep. Ilhan Omar (D-MN), one of their regular, prime targets, from taking her seat on the Foreign Affairs Committee. Speaker McCarthy has already blocked Democratic Congressmen Adam Schiff and Eric Swalwell from the House Intelligence Committee, invoking his ability to do so because it is a Select committee and subject to the Speaker’s decisions.

MSNBC reported the breaking news on-air. Watch below or at this link.

This is a breaking news and developing story. Details may change.

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BREAKING NEWS

DOJ Signals It Is Conducting a Criminal Investigation of George Santos

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The U.S. Dept. of Justice Friday signaled it is conducting a criminal investigation of U.S. Rep. George Santos‘ campaign finances when it asked the Federal Election Commission (FEC) to pause its probe into the embattled New York freshman GOP lawmaker.

“The request is the clearest sign to date of an active criminal investigation examining the congressman’s campaign finances,” The Washington Post reports.

But NBC News goes one step further.

“Federal prosecutors in New York have opened an investigation into Rep.-elect George Santos, two law enforcement sources confirmed Thursday,” NBC states. “The probe by federal prosecutors from the Eastern District of New York is at least the second investigation into Santos.”

READ MORE: Another Santos Financial Concern: GOP Lawmaker Claims Campaign Paid WinRed Triple the Fees It Should Have

“The two sources confirmed that prosecutors are examining Santos’ finances, including potential irregularities involving financial disclosures and loans he made to his campaign as he was running for Congress,” NBC adds.

The Santos campaign this week, according to The Daily Beast, amended FEC filings that originally claimed about $625,000 in “personal” loans from the candidate’s personal funds were actually not from the candidates personal funds. Santos has since refused to state where the money came from.

DOJ also asked the FEC for any “relevant documents” for the Santos’ campaign, The Post noted.

READ MORE: Watch: Santos Responds to Report He Joked About Hitler, ‘The Jews’ and Black People

“Separately, the Securities and Exchange Commission on Friday interviewed two people about Santos’s role in Harbor City Capital, an investment firm that was forced to shut down in 2021 after the SEC accused it of operating a ‘classic Ponzi scheme,'” according to The Post’s reporting.

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BREAKING NEWS

Watch: Santos Responds to Report He Joked About Hitler, ‘The Jews’ and Black People

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U.S. Rep. George Santos (R-NY) allegedly made a social media post appearing to praise Adolf Hitler while referring to “the Jews and Black” people, and frequently made pejorative “jokes” about being Jewish according to friends interviewed by Patch and screenshots of now-deleted social media posts.

In 2011, Santos “commented on a Facebook post with what appear to be intended-jokes about Hitler, a phrase that appears to salute Hitler and observations about ‘the Jews and black[s],’ exclusive screenshots obtained by Patch show.”

Patch, which published a screenshot of  what appear to be Santos’ comment, reports he had written this: “hiiiiiiiiiiiiiiiiiiiigh hiiiiiiiiiiiitlerrrrrrrrrrr (hight hitler) lolololololololololololol sombody kill her!! the jews and black [sic] mostly lolllolol!!! Dum”

Sarah Fishkind, whose LinkedIn profile describes her as a political organizer, posted video Thursday afternoon of her conversation with Rep. Santos.

“Do you have any comments about your most-recently-leaked Facebook comments about killing all Jews and Black people?” she asked, according to her post.

“I’m sorry?” Santos, appearing to be stunned, replied.

READ MORE: ‘Big No-No’: Santos May or May Not Have a Campaign Treasurer Prompting Questions About Whose Signature That Is

“It’s on the news right. now,” she responded, “that you Facebook commented.”

Santos replied with a frustrated huff, then said: “That’s going to be hard to hold.” It’s unclear what he meant by that comment.

Santos ran and won his congressional seat claiming to be a gay Jewish Republican, only later to falsely claim he never said he was Jewish, but “Jew-ish.” He also lied about his grandparents fleeing the Holocaust.

Jewish groups have condemned his false claims of Jewish heritage, which include false claims that his grandparents were “Holocaust refugees.”

Watch the videos above or at this link.

This is a breaking news and developing story. Details may change. 

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