MSNBC’s Steve Rattner has a difficult responsibility today. He had the unenviable task of explaining why today’s jobs report wasn’t great news. Let’s just say that he gave it the good old college try:

Rattner said “The good news is that we added 1.4 million new jobs. The bad news is that we added fewer jobs than the previous month and way fewer jobs the month before that.” Steve Rattner isn’t an idiot, though he apparently plays one on MSNBC. Of course, the job creation numbers this month are way down from the report 2 months ago, when a record 4,800,000 jobs were created. Still, it’s the 4th largest job creation figure behind June, May and July of this year.

This article takes a similarly negative tone:

Employers added another 1.4 million jobs to the US economy in August, as the jobs recovery continued to slow.

This was in line with expectations, and down from 1.7 million jobs added in July and 4.8 million in June. Every person who can go back to work is a win for the recovery from the unprecedented jobless crisis the Covid-19 pandemic has brought on. However, America is still down 11.5 million jobs from February. This means millions of families are still in need of benefits to make ends meet while Congress continues to argue about the next stimulus package.

The needs should be met by targeting areas of need. Naturally, Nancy Pelosi insists that everything is terrible:

The August jobs report highlights the continuing urgent need for action as the economic recovery stimulated by Congress’s early and robust investments continues to slow down. More than six months into this crisis, tens of millions are still out of work, particularly in communities of color, with more than 1 million Americans having filed for pandemic and initial unemployment claims for 24 straight weeks, and millions more are facing food insecurity, unsafe schools and workplaces, and the devastating prospect of eviction and homelessness.

The needs that are urgent are shrinking. Thankfully, Joe Biden’s policies weren’t in place. If they were, we’d have a major crisis. President Trump continues to bring manufacturing companies back from other countries, which strengthens the US economy while strengthening our national security. Ms. Pelosi sees the economy pick up momentum. If she doesn’t negotiate a deal, fast, President Trump will get most of the credit. Here’s more Pelosi BS:

“Sadly, Republicans continue to demonstrate their utter contempt for the lives and livelihoods of millions of Americans who are being devastated by Republicans’ deadly inaction. The White House and Senate Republicans have made clear that they still do not comprehend the scale of this disaster or the urgent needs of our communities and the American people. House Democrats have come to the negotiating table willing to compromise, and we will continue reaching out until we achieve a fair agreement that meets the needs of all Americans.

Thank Larry Kudlow for some sunshine:

One Response to “Dems despairing over jobs report”

  • eric z says:

    All those part-timer census takers, count each and every as if a new, decently paying permanent job, with healthcare paid and other benefits.

    THE FACT IS: Temp Scut-work is not a real job, and there’s still the fifteen buck minimum effort afoot.

    Thank’s a lot, Larry babe. Try next for quality. And – still lagging behind the pre-pandemic levels, so, Larry, gear it up!

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