Thursday, August 6, 2020
Weekly unemployment claims released this morning were better than expected – 1.18 million actual claims versus expectations of 1.42 million. Continuing claims, representing those who have collected unemployment benefits for at least two straight weeks, also fell more than expected to 16.1 million.
Meanwhile, the manufacturing index rose in July, hitting its highest level since March of 2019.
Tomorrow's job creation and unemployment figures are expected to show 1.5 million new jobs were created in July. That will be dramatically lower than the astonishing figures from the previous two months, which were the result of the economy beginning to reopen after the unprecedented shutdown.
These figures are incredibly important because they not only represent real people, but they also set the mood for the country about whether we are making real progress.
Fortunately, the economy is making progress in spite of the left's best efforts. Congressional liberals are refusing to compromise on their outrageous demands in exchange for additional emergency stimulus measures. The economy could be doing even better, but progressives don't seem to want that.
White House Chief of Staff Mark Meadows expressed his frustration, saying:
"At the president's direction, we have made no less than four different offers to Democrats on Capitol Hill. Those four different offers have been actually rejected. But more importantly than that, they've not even been countered."
Here's one example: President Trump offered to temporarily extend the $600 unemployment benefits while talks on a more comprehensive package continued. But Nancy Pelosi and Chuck Schumer rejected it.
Big Tech Strikes Again
Facebook and Twitter yesterday blocked comments from President Trump that children are "virtually immune" from Covid-19. The president was simply expressing what Dr. Birx and others have long said about the coronavirus's negligible effects on children, which is that the death rate among those under 18 is virtually zero.
But the "doctors" at Facebook and Twitter said they were banning the president's remarks claiming they constituted "a violation of our policies around harmful Covid misinformation."
To be clear, the president was trying to offer some encouraging news. But left doesn't want to hear it. Once again, Big Tech is setting itself up as the "Ministry of Truth & Information," and censoring whatever speech it doesn't like.
Progressive politicians have let an extraordinary number of convicted criminals out of jail in the name of the coronavirus. At the same time, they are setting up checkpoints and inspecting cars from other states, telling these Americans that they are required to jail themselves for two weeks. If they are caught, they risk significant fines.
So they are letting criminals out of jail while threatening to put vacationers in jail.
Meanwhile, New York Governor Andrew Cuomo is begging rich people who fled his state to return. Why would anyone do that? He should have just said, "I don't care if you return, but I want your money to come back."
And to top it all off, Pastor John MacArthur is now being threatened by California liberals with fines of $1,000 a day and even arrest if his congregation continues to exercise its constitutional right to religious freedom.
Is this the America you want to live in? Is this the kind of country you want your children and grandchildren to inherit?
Pence vs. Roberts
During an interview with CBN News today, Vice President Pence blasted Chief Justice John Roberts as "a disappointment to conservatives." He ripped Roberts for upholding Obamacare, ruling against churches and commonsense abortion restrictions.
Pence said that "the destiny of the Supreme Court is on the ballot in 2020."
He's right. Justice Ruth Bader Ginsburg is 87 years-old. She's been in and out of the hospital in recent months, battling a recurrence of liver cancer. Justice Stephen Breyer will turn 82 next week.
The next president will likely make one, and possibly two, Supreme Court appointments in the next four years. Depending on who makes those appointments, it could dramatically shift the balance of power on the Supreme Court.
Betraying Black America
Kudos to football legend Hershel Walker! He recently took on the radical left and professional sports for betraying America and many in the black community. Here's what he said:
"For the first time in a long time I stopped in the middle of my workout because last night I saw something that really, really disturbed me. I saw a bunch of people holding a BLM sign burning the Holy Bible. Burning the flag of the United States of America, also burning a cross.
"And I started thinking that NFL, NBA, WNBA, MLB: is this the people you're supporting right now? Is it the movement? Is it the organization? Because I don't think that's right. . . People, are we being fooled?"
Here's something else that a lot of black Americans don't think is right – defunding the police. A new Gallup survey finds that the overwhelming majority of black Americans want nothing to do with the left's radical anti-police agenda.
The poll found that 81% of blacks want police to either maintain or increase their current presence in their communities. That's 81% of black Americans saying they support the police!
In spite of the left's insane rhetoric about cops being "the enemy" and slashing their budgets, black Americans know that the Thin Blue Line is the only thing standing between them and the death and destruction of violent gangs and criminals.
Anyone who truly believes that black lives matter should reject the extremist Black Lives Matter organizations and their left-wing political allies.
Anyone who truly believes that black lives matter should back the Blue!