Weekly jobless claims fell to their lowest point in over 50 years, and the Democrats and their mainstream media allies want you to know about it. MSNBC’s resident terrorist sympathizer and Qatari mouthpiece, Mehdi Hasan, shared the news with glee, chastising those that would dare not champion the development in comparison to the record-high inflation the country is experiencing.
But like all things in politics and statistics, context is everything. This number represents a single week, the very definition of a cherry-picked stat, but more importantly this was expected and not at all the result of Democrat policies.
Why do I say that? Because it was the Democrats, including the Joe Biden administration, that had previously fought to extend enhanced unemployment benefits. It was Republicans that insisted on letting them lapse with the idea being that people would then be more likely to look for work. Sure enough, that’s exactly what’s happened. The enhanced benefits expired in September and we’ve seen sharp week over week decreases in claims over the two months since then.
Now, by what logic can Democrats now claim credit for the results of something they vehemently fought against? They wanted people to remain on the unemployment rolls. They fought to keep them there, seeing it as a way to transform the economy. Republicans took the political beating in opposing the extension of enhanced benefits, and now Democrats want to say: “See what we did!”
Yeah, that’s not gonna fly.
Further, let’s also note that the labor participation rate is around two points lower than it was pre-pandemic. There are a lot of people already on unemployment and not actively looking for work. The country was always going to bottom out as far as new unemployment claims go because there are only so many people out there to make claims.
Lastly, let’s note the callousness with which these media elites, and the White House at times, dismiss the issue of inflation. They keep fudging the numbers, insisting that it’s not a problem. But as I’ve said before, you can not lie to someone about what’s in their wallet. It’s too tangible of a measure.