Economists are stunned as another great jobs report shows an incredibly strong economy under President Joe Biden. The February report puts unemployment at 3.6%, a slight tick up from 3.5%, with wages still rising.
“Holy smokes,” exclaimed University of Michigan professor of economics Justin Wolfers, a senior fellow at the Brookings Institution. He says payrolls increased by 311,000, “well above” the consensus of 225,000.
Wolfers also characterized the past three months of jobs growth as “gangbusters” and “smoking hot,” as he continued to criticize those claiming the U.S. is in or approaching a recession: “Extraordinary that this occurred through a period of naysayers screaming ‘recession’!”
He didn’t stop there.
“It still remains stunning to me that we’re experiencing one of the fastest paces of sustained job growth in our history during a period in which doom-and-gloomers and recessionistas dominated our headlines,” Wolfers says.
One of the more surprising aspects, according to Wolfers, is how jobs growth has consistently beat expectations, now 11 months in a row, “which should basically be impossible.” He puts the probability of that happening at 0.05%, and says “too many have underestimated this economy for too long.”
Jobs growth has now exceeded consensus forecasts 11 months in a row, which should basically be impossible.
Probability = 0.5^11 = an 0.05% chance.
Or these aren’t independent draws, and too many have underestimated this economy for too long. (Not me.)https://t.co/1rezYFKclN
— Justin Wolfers (@JustinWolfers) March 10, 2023
“In recent months, average hourly earnings grew faster than consumer prices, meaning real wages are growing,” says Aaron Sojourner, a labor economist and former senior economist on President Barack Obama’s Council of Economic Advisors (CEA).
Political strategist Simon Rosenberg points to the difference between Democratic and Republican presidents.
When Democrats are in power the unemployment rate goes down.
When Republicans are in power it goes up. 4/ pic.twitter.com/P0h3pLPjJr
— Simon Rosenberg (@SimonWDC) March 10, 2023
He also points to other measures of a strong economy, noting how the uninsured, poverty, and unemployment rates are doing under President Biden.
Under Biden the US has seen the
– lowest uninsured rate, ever
– lowest poverty rate, ever
– lowest peacetime unemployment rate since WWII 7/ pic.twitter.com/afaM6UgDYW
— Simon Rosenberg (@SimonWDC) March 10, 2023
Joey Politano, who writes about monetary policy, labor markets, business, and finance, adds that “the gender employment gap is near an all-time low!”
In fact, American women’s prime-age employment rates are now only 0.1% off all-time highs, and the gender employment gap is near an all-time low! pic.twitter.com/p8iejdgriP
— Joey Politano 🏳️🌈 (@JosephPolitano) March 10, 2023
See the tweets and charts above or at this link.
Image via Shutterstock
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‘Scared to Death’: Trump’s Prison Panic Admission Means He Knows He’s Doomed Says Legal Expert
Reacting to a report that Donald Trump has been quizzing his attorneys about what type of prison he likely will be sent to, former federal prosecutor Glenn Kirschner stated that is not only an indication that he knows he’s going to be convicted but also an admission of guilt.
Speaking with MSNBC host Jonathan Capehart, the attorney was asked about a recent Rolling Stone report about Trump’s prison panic.
As Rolling Stone reported, Trump asked if he’s “be sent to a ‘club fed’ style prison — a place that’s relatively comfortable, as far these things go — or a ‘bad’ prison? Would he serve out a sentence in a plush home confinement? Would government officials try to strip him of his lifetime Secret Service protections? What would they make him wear, if his enemies actually did ever get him in a cell — an unprecedented set of consequences for a former leader of the free world.”
According to the attorney, Trump is revealing himself by asking for so many details.
“What does this tell you about Trump’s mindset?” host Capehart asked.
“It tells me he is scared to death” Kirschner quickly answered. “It tells me he has overwhelming consciousness of guilt because he knows what he did wrong and he knows he is about to be held accountable for his crimes. So it is not surprising that he is obsessing.”
“If he was confident that he would be completely exonerated, would he have to obsess about what his future time in prison might look like?” he suggested. “I think the last refuge for Donald Trump can be seen in a recent post where he urged the Republicans to defund essentially the prosecutions against him. which, to this prosecutor, Jonathan, smells a lot like an attempt to obstruct justice.”
Watch below or at the link.
Image via Shutterstock
‘Vulgar and Lewd’: Trump Judge Cites Extremist Group to Allow Drag Show Ban
A federal judge in Texas known for a ruling that attempted to ban a widely-used abortion drug is citing an extremist anti-LGBTQ group in his ruling allowing a ban on drag shows to stay in place.
U.S. District Judge Matthew Kacsmaryk, a former attorney for an anti-LGBTQ conservative Christian legal organization, and a member of the Federalist Society, in his 26-page ruling dated Thursday cited the “About” page of Gays Against Groomers to claim, “it’s unclear how drag shows unmistakably communicate advocacy for LGBT rights.”
Judge Kacsmaryk, appointed by Donald Trump twice before finally assuming office in 2019, suggests the First Amendment does not provide for freedom of expression for drag shows, calls drag “sexualized conduct,” and says it is “more regulable” because “children are in the audience.”
Slate’s Mark Joseph Stern adds, “Kacsmaryk’s conclusion that drag is probably NOT protected by the First Amendment conflicts with decisions from Texas, Florida, Tennessee, and Montana which held that drag is constitutionally protected expression. It also bristles with undisguised hostility toward LGBTQ people.”
Calling the judge “a proud Christian nationalist who flatly refuses to apply binding Supreme Court precedent when it conflicts with his extremist far-right beliefs,” Stern at Slate writes that Kacsmaryk ruled drag “may be outlawed to protect ‘the sexual exploitation and abuse of children.’ In short, he concluded that drag fails to convey a message, while explaining all the reasons why he’s offended by the message it conveys.”
Stern does not let Kacsmaryk off the hook there.
“From almost any other judge, the ruling in Spectrum WT v. Wendler would be a shocking rejection of basic free speech principles; from Kacsmaryk, it’s par for the course. This is, after all, the judge who sought to ban medication abortion nationwide, restricted minors’ access to birth control, seize control over border policy to exclude asylum-seekers, and flouted recent precedent protecting LGBTQ+ equality,” Stern says.
“He is also poised to bankrupt Planned Parenthood by compelling them to pay a $1.8 billion penalty on truly ludicrous grounds. And he is not the only Trump-appointed judge substituting his reactionary beliefs for legal analysis. We have reached a point where these lawless decisions are not only predictable but inevitable, and they show no sign of stopping: Their authors are still just settling into a decadeslong service in the federal judiciary.”
West Texas A&M University President Walter V. Wendler penned the letter that sparked the lawsuit.
Titled, “A Harmless Drag Show? No Such Thing,” Wendler wrote: “I believe every human being is created in the image of God and, therefore, a person of dignity. Being created in God’s image is the basis of Natural Law. James Madison and Thomas Jefferson, prisoners of the culture of their time as are we, declared the Creator’s origin as the foundational fiber in the fabric of our nation as they breathed life into it. Does a drag show preserve a single thread of human dignity? I think not.”
Journalist Chris Geidner concludes, “It’s an extremely biased ruling by a judge who has established that he does not care about being overturned — even by the most conservative appeals court in the nation.”
Gaetz Praises GOP Congressman Who Echoes His Call for Change ‘Through Force’
U.S. Congressman Matt Gaetz (R-FL). largely seen as pushing Speaker Kevin McCarthy‘s Republican-majority House of Representatives toward shutting down the federal government, is praising and promoting remarks made by a freshman GOP lawmaker that appear to suggest the use of violence. U.S. Rep. Eli Crane‘s comments, posted Friday (below), call for change “through force,” remarks echoing Congressman Gaetz’s recent comments which were denounced by an expert on authoritarianism as fascistic.
“The only way we’re going to see meaningful change in this town is through force,” wrote Congressman Crane, Republican of Arizona atop a three-minute video in which he frames what is now an almost guaranteed government shutdown as a “spending fight.” In his video he says, “the only way you’re gonna get any change in this town is through force.” Gaetz in August had said, “we know that only through force do we make any change in a corrupt town like Washington, D.C.”
Congressman Crane is a former Navy SEAL. He has promoted the false “Big Lie” conspiracy theory that there was massive fraud in the election President Joe Biden won, and called “on the state legislature to decertify the 2020 election.” He is one of six House Republicans who voted against McCarthy’s speakership all 15 times in January.
“Congressman Eli Crane is a fountainhead of political courage,” said Rep. Gaetz Friday afternoon. “He holds the line.”
Crane recently came under fire for calling Black people “colored,” during debate on his legislation that would force the U.S. Armed Forces to not use any diversity requirements in its hiring practices.
Just days before he won his House seat last year, The Washington Post reported Crane had urged an “audience to look up an antisemitic sermon at a recent campaign stop.”
“Crane said that he was motivated to run because of ‘radical ideologies that are destroying this country’ and that he was most concerned about ‘Cultural Marxism,’ which the Southern Poverty Law Center has described as an antisemitic baseless claim gaining traction on the American right.”
“He encouraged the audience to watch a speech by a right-wing pastor who blamed cultural change on a group of German Jewish philosophers and condemned Barack Obama for having a ‘homosexual agenda.'”
“If we don’t wake up,” Crane said, according to the Post, “if we don’t study what they’re doing, and if we don’t put people in influential positions that understand what this war is all about, what they’re trying to do and have and have the courage to call it out, we’re going to lose this country.”
In August, while standing next to Donald Trump at a campaign rally, Congressman Gaetz said, “Mr. President, I cannot stand these people that are destroying our country. They are opening our borders. They are weaponizing our federal law enforcement against patriotic Americans who love this nation as we should.”
“But we know that only through force do we make any change in a corrupt town like Washington, D.C. And so to all my friends here in Iowa, when you see them come for this man, know that they are coming for our movement and they are coming for all of us.”
At the time, Raw Story reported, “historian and author Ruth Ben-Ghiat called Gaetz comments alarming.”
“What he is saying is that they are not going to have change through elections or through legislation or through reform. They are going to have change through violence,” she warned.
“And that’s how fascists talk,” Ben-Ghiat added. “So, even if Trump is out of the picture, these are people who have adopted methods very familiar to me as a historian of fascism, that violence and corruption and lying that’s what the party is today.”
Image via Shutterstock
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