(ThyBlackMan.com) Basing our economic system on an uncomprehensive unemployment fee and undercounting our Job charges hiding layoffs “makes no Financial Sense,” as we face our third Financial Downturn in 15 years. President Joe Biden’s financial insurance policies are handing American employees, together with Black Individuals, who’re conventional supporters of Biden, and Democrats little for their VOTE. He might even be handing the presidency again to Republicans, resulting from his financial coverage, relating to undercounting our unemployment charges, and coming layoffs.
However, maybe the Biden-Harris administration is, onto one thing. Biden, and the smug folks, whom he has surrounded himself with, imagine they’ll truly win the subsequent presidential election, utilizing LIES about our economic system, and unemployment charges (click on on the article on the hyperlink for extra understanding: https://thyblackman.com/2023/10/06/president-joe-biden-and-democrats-undercount-our-job-rates-as-a-recession-looms/). Democrats, now overtly lie in regards to the standing of our economic system, identical to Mr. Trump lies in regards to the 2020 election being stolen, however Democrats have but, to politically pay a value on the polls, for his or her ruse.
Nevertheless, disinformation utilized by dictators, and authoritarian governments, and now, by Democrats, relating to our unemployment charges didn’t begin, with Mr. Biden. Former president Barack Obama was elected to 2 phrases in workplace, throughout which period, the unemployment charges of American employees have been undercounted, and artificially suppressed by his administration. Obama and his administration, actively embraced, and continued the vile coverage of undercounting our unemployment charges, began through the Clinton administration, whilst he knew African Individuals suffered probably the most, from this ugly coverage.
Former president Obama has since, change into one of many Democratic Social gathering’s most beneficial spokespersons. Mr. Obama wrongly and surreptitiously encourages black Voters, all over the place, to assist the continuation of this terrible coverage of undercounting our Job charges, by not being clear with them. Many Black Individuals should not conscious of the coverage, and nearly definitely have no idea Mr. Obama, Democrats, and the Congressional Black Caucus, should not working in OUR greatest curiosity, as they quietly promote and assist the coverage of understating our Job charges and coming layoffs.
Certainly, Biden and Democrats really feel, with the assistance of the primary avenue media, similar to the New York Instances, NBC community (Morning Joe), the Philadelphia Tribune, and their massive cash donors, together with Hollywood and tv celebrities, like Rev. Al Sharpton, they’ll truly pull off efficiently, the scheme of undercounting our unemployment charges. They’ve “erroneously concluded,” this irresponsible coverage will get Biden elected to a second time period. They’re doing this as we communicate, proper earlier than our eyes.
Here’s what Proverbs 26:28 says a couple of liar (any liar):
A mendacity tongue hateth these by it: and a flattering mouth worketh damage.
Telling a Lie about our Job charges just isn’t an awesome political technique, nor helpful to American employees, skilled, blue collar, union, and working-class Individuals, all over the place; and constructing an economic system on unhealthy unemployment fee numbers doesn’t make a complete lot of sense, both. Because the proverb implies, does this imply the Biden-Harris administration, and by extension the Congressional Black Caucus and Democratic Social gathering don’t care about, and unfavorably look down on on a regular basis working-class Individuals? The Social gathering shouldn’t be extra necessary than the folks it represents, and the TRUTH (are we experiencing what is usually known as, “celebration over folks”)?
In relation to the Biden-Harris administration’s financial insurance policies, there’s a disconnect. There’s a disconnect, relating to his financial insurance policies, that makes ALL of us Democratic Social gathering voters, who actively assist the “Social gathering,” in a technique or one other, appear like chumps and liars. His rip-off implies we ALL condone mendacity about our unemployment charges due to our silence. That is what MAGA Republicans are accused of by many people, relating to Trump. “We’re definitely not Maga Republicans, we’re for probably the most half simply behaving like them.” In relation to this situation, there may be additionally, a disconnect with working-class Individuals all over the place, particularly amongst African American employees, as rates of interest rise, and layoffs improve; can we depend on Biden to do what is true?
Even probably the most ardent Democrat on the prime of the Democratic Social gathering, and the Biden administration ought to perceive this precept. “Whenever you undercount our unemployment charges, which ends up in under-reporting our layoffs, (what Democrats do), as a Recession looms, you aren’t in any manner, delivering for working-class American households, together with black American employees.”
Here’s what Dr. Larry Summers, former Director of the Nationwide Financial Council in the Obama administration, and former Treasury Secretary, in the Clinton administration stated about our economic system, in feedback in a Washington Publish article, on December 21, 2022,
“Fiscal coverage might want to reply if and when (a) recession comes. There won’t be room for enormous, across-the-board efforts. However now’s the time to place in place fastidiously focused measures to “refund youngster tax credit,” strengthen unemployment insurance coverage and be prepared to tug ahead federal spending…”
Dr. Summers, based mostly on these feedback, thinks a Recession might probably occur, as a result of Federal Reserve mountain climbing rates of interest to deliver inflation beneath management. Out of the 12 instances the Federal Reserve (Fed) has hiked rates of interest, since 1945, to regulate inflation, like it’s doing now, every time the economic system went right into a Recession, setting American employees, and their households again economically, together with African Individuals. When the Fed introduced rate of interest mountain climbing to a cease – just one day trip of the 12 instances did the layoffs cease, additionally. So, while you do the mathematics – eleven instances, out of the 12, the layoffs continued, as soon as they began, resulting in a deeper Recession.
A query of nice significance – Can we need to head into this coming Financial Downturn or Recession (name it what you’ll – every result in layoffs) utilizing President Biden, the Congressional Black Caucus, and Democrats’ false political unemployment fee numbers, or the Actual unemployment fee numbers, as detailed by economists? The true Jobless fee for October is 7.2%, (U-6), not Biden’s 3.9% fee (U-3), making the Black American employee group fee, 9.9% at a minimal, simply wanting the ten.1% 2008 Nice Recession Job fee. The Black American fee averages 2.7% over the actual Jobless fee.
End story right here; Blacks gained’t Present-up on the Polls for Democrats: Joe Biden-Kamala Harris Administration is Actively Setting Them Again Economically.