Working It! Not So Much …
It seems that the economy ain’t chugging along full steam.
The economy had about 501,000 fewer jobs as of March 2019 than the Bureau of Labor Statistics initially calculated in its survey of business establishments. That’s the largest revision since the waning stages of the Great Recession in 2009.
Market Watch says, “The newly revised figures indicate the economy didn’t get a huge boost last year from President Trump’s tax cuts and higher federal spending.” Well, surprise, surprise, surprise. Tax cuts for the rich have worked so well in the past, and we know that is true because Trump and Mitch McConnell tell us it’s true.
By the way, the new NBC / Wall Street Journal poll shows that a large majority of Americans say they are angry at the nation’s political and financial establishment and increasingly anxious about their economic future.
The poll finds that 70% of Americans say they feel angry “because our political system seems to only be working for the insiders with money and power, like those on Wall Street or in Washington.”
The anger is reflected across all demographic groups, regardless of age, race, income and party identification.
It’s going to be a change election which I think is why we’re seeing the upswing for Elizabeth Warren.