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Economy

Obamanomics damaged the economy, and Trumponomics isn’t fixing it

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While Trump and the GOP want you and me to believe that Trumponomics has singlehandedly saved the US economy by reducing taxes and creating jobs, the reality for those of us living in the real world is quite different.

It was Mark Twain who once said, “There are three kinds of lies: lies, damned lies, and statistics.” When it comes to politicians in an election year, Mr. Twain could have been describing the Washington establishment owned and operated by the Republicans and Democrats.

No doubt you’ve heard the much-ballyhooed news that unemployment has dropped to its lowest level since 2000, coming in at 3.9%. But just as it was when Obama manipulated unemployment numbers to cover his pathetic economic policies, this recent jobs report has been manipulated to hide the truth about our very unhealthy economy.

Unemployment numbers can change for any number of reasons:

  1. People move from the unemployed category into the employed category
  2. The number of employed grows faster than the number of unemployed
  3. You simply add people to the employed category without changing anyone’s status
  4. You simply stop counting people in the unemployed category, making them magically disappear

When we consider that the number of jobs added in April was 164,000 while the number of unemployed dropped by 239,000, we can conclude that reason #4 is how the latest unemployment rate was manipulated to make things look better than they really are. Unemployment went down because the labor-participation rate fell to 62.8 percent after being 63 percent in February and 62.9 percent in March. Three consecutive months of declines.

Quite simply, when you are no longer working or looking for work, the government no longer includes you as a part of the equation to calculate the unemployment report.

Meanwhile, Trumponomics is also creating a slower growth rate than Trump is claiming while his tax cuts and record government spendingdespite the recent rescission cuts—is creating another threat to the US economy, an apocalyptic debt spiral adding trillions to the already unsustainable national debt.

Obamanomics caused a great deal of damage to the US economy, but Trumponomics isn’t doing anything to repair it; in fact, Trump’s plan will likely destroy what’s left of it.


Originally posted on The Strident Conservative.

 

David Leach is the owner of The Strident Conservative. His daily radio commentary is distributed by the Salem Radio Network and is heard on stations across America.

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Culture and Religion

After indignant virtue signaling costs billions, Gillette quietly ‘shifts’ away from social justice

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After indignant virtue signaling costs billions Gillette quietly shifts away from social justice

Social justice backfired for Gillette. Despite innumerable complaints and an exodus of customers, the razor maker remained fervently proud of their ad campaigns attacking “toxic masculinity” to the point that CEO and president Gary Coombe said it was a “price worth paying.” They’re standing by their ads and are claiming they helped them reach a younger millennial audience, increase brand awareness, and put forward the type of company message they want portrayed.

If losing $8 billion was worth the message, they’re stronger activists than most.

“P&G reported a net loss of about $5.24 billion, or $2.12 per share, for the quarter ended June 30, due to an $8 billion non-cash writedown of Gillette. For the same period last year,” Reuters reported, “P&G’s net income was $1.89 billion, or 72 cents per share.”

Despite the massive loss over the controversial ads. they claim to have no regrets. This claims were made three weeks ago and delivered with bluster in multiple interviews for damage control. This week brought a different tone as they’re now “shifting the spotlight from social issues to local heroes.”

The new campaigns have already launched in Australia with a slow rollout in the United States expected next month. Here’s the local Australian hero they’re focusing on. Needless to say, he’s not representing a social justice cause, nor is he worried about exuding toxic masculinity.

This is an unambiguous attempt to escape the controversial corner they painted themselves into that cost them billions, but don’t let progressive media know because they’re certain the social justice campaign was wonderful. They’re so certain about this that they’re blaming the loss on men suddenly loving beards. Seriously.

Companies like Gillette are learning being “woke” makes you broke. That’s how business works; alienating half of your customers for the sake of politics is never a good move. Stick to business. Leave social justice to the basement warriors.

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Conservatism

Was the Inca Empire a successful example of socialism?

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Was the Inca Empire a successful example of socialism

As socialists pivot from one failed example of socialism to the next failed example of socialism to the welfare state that decries claims of socialism, perhaps we should prepare ourselves for when the socialist reach the bottom of the barrel with examples of the collective ideology’s past successes. And before you say, “well that’s silly, there’s no way a pre-French enlightenment civilization could have practiced a successful form a socialism, sufficient enough to use as an example by the left” consider the fact that a French academic by the name of Louis Boudan penned an extensive treatise entitled “A Socialist Empire: The Incas of Peru” in 1962.

Now, this work does not appear to be an endorsement of communism, though the author seems to have a vested interest in the using the “no true Scotsman” fallacy given that this was written post World War 2 and in the Cold War with regards to true socialism. However, the very title, provocatively named, is certainly a sign that the political Left in contemporary times could refer to the Inca as a successful example of socialism, that only fell by the technologically advantaged Spaniards. But Louis Boudan is not the only one who has made this comparison, leaving us wondering why the Left has not seized on the Inca who seem to have had a more successful run than any contemporary Marxist regime. The likeliest reason that that Inca are not used as an example of successful socialism is likely that the proponents of socialism, to be blunt, are not historically informed. Still, this is a foreseeable argument in the imminent future and we best know what we are talking about when it inevitably comes because when the Left popularizes an example of alleged socialism practiced by non-whites they will pounce, but until then we await a Vox video.

The Inca Empire could prove to be the only example of socialism that did not self collapse, other than the Catalonia socialism which lasted only three years. But of course, all of this is conditional on the premise of whether or not the Inca Empire was truly socialist country. Perhaps it would be best to grant the Left that premise. Even if the Inca were a socialist empire, the ensuing result was a constant need for war, which is a commonality with the Stalinist ideology. Kings and Generals does a good job breaking down the Inca society for the laymen to understand. Key points discussed in the video are:

  • The Inca were highly adapted to their living environment with regards to agriculture, construction, and irrigation
  • The Inca had what appears to be a welfare state
  • The Inca worshiped their dead
  • The “corporations” of dead bodies accumulated disproportionate amount of wealth
  • The wealth belonging to the dead bodies necessitated the Emperors accumulating wealth of their own through war. This cycle repeats.

As you can see, there were multiple flaws in the Inca society that had a trajectory of collapse because of the pyramid scheme the system creates for its ruling class. The inevitable demise was expedited by the Spaniards. But going back to the foundational premise as to whether the Inca were socialist or not, the contrasts are enough to fail a purity test; had there been an organic collapse, the modern socialist would deny this as true socialism. It’s a never ending fallacy, though the dead corporate estates of the Inca goes against everything socialist preach. However, as human history has shown, socialism has always led to the personal enrichment of those in the innermost circles of power. Socialist or not? You decide, but be prepared to argue that the Inca were not a successful example of socialism.

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Economy

Steve Hilton: While Trump haters pray for a recession, the real economy is booming

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Steve Hilton While Trump haters pray for a recession the real economy is booming

Americans believe in the Trump economy. It’s been helping them get jobs if they’re unemployed and better jobs if they were underemployed. It has raised wages, reduced taxes, and increased consumer spending to all-time highs. Even if you’re like many Americans who do not care about the stock market, Wall Street’s effects on Main Street are felt.

But if you listen to mainstream media, you’re likely hearing a different story. The fearmongers are actively attempting to crash the economy in hopes of using a recession against the President when the 2020 election rolls around. It’s disgusting when consider millions of Americans would be hurt by such a move, but the people pressing this false narrative are the same people who will be able to easily survive it. If their families relied on the prosperity the Trump economy is allowing, perhaps they’d think twice.

As Fox News host Steve Hilton pointed out, reality is not matching the narrative being pushed by the left. The more people are aware that recession talks are fake, the less likely they’ll become a self-fulfilling prophecy.

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