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Mark Alexander / Aug. 23, 2019

Demos' 2020 Strategy — Recession

Some important context is missing from the revised jobs numbers for 2018.

Democrats and their Leftmedia propagandists are doing everything they can to, as I wrote last December, “get the pre-2020 election recession they want.” They know the best way to achieve that is to undermine confidence in our economy as they did ahead of Barack Obama’s 2008 election. To that end, they are shouting “Recession!” from the hilltops, while obstructing and undermining President Donald Trump at every turn.

They are now heralding Thursday’s revised jobs estimate for 2018 from the Bureau of Labor Statistics, a preliminary revision that asserts there were 500,000 fewer jobs created last year than previously estimated. What Democrats and the media are not saying is this: 500,000 fewer jobs than what?

Noticeably absent from the BLS report and any of the subsequent media reports is the good news: There were more than 2,200,000 jobs created in 2018. As for this being the “largest revision” in 10 years, we are also in the midst of the largest growth in 10 years. The unemployment rate stands near a 50-year low of 3.7%, and as we have noted in the last year, companies are finding it difficult to fill jobs — which is reflected in the revised job numbers.

And contrary to Demo claims, U.S. Commerce Secretary Wilbur Ross noted earlier this week that the administration’s $1.8 trillion 2017 tax cuts and other policies have boosted worker wages and added millions of jobs to the U.S. economy. “Contrary to misleading arguments that the president’s policies are not benefitting workers,” Ross said, “this data shows that it is the average American workers who are gaining from the country’s broader economic success.”

Trump said last week, “Our economy is incredible.” What else would you call an economy that created more than two million jobs last year and has unemployment at a 50-year low? But the economy, even when bolstered by good economic policies, is cyclical, and Trump wants to pad the current slowing market with interest-rate cuts and other moves. As for the impact of tariffs on China, its economy is already contracting. Slowing U.S. economic growth is bad for China, too, as our consumers buy its products.

The bottom line: Economic confidence is a reflection of business and consumer confidence, and Democrats are doing everything they can to undermine both. If Democrats get the recession they are promoting and hoping for, the job and income prospects for tens of millions of American workers will fall victim to their politically induced recession.

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