Despite Republican messaging about the economy, the latest jobs report for May added nearly 400,000 new jobs to the economy, with a steady wage increase and the unemployment level remaining low at just 3.6%.
Four years ago, when there were concerns about a possible recession despite the steady state of the stock market, the incumbent Republican congressional leadership accused Democrats of hoping for an economic crash that they could run on in the midterms. Now, we have a host of desperate Republicans who are in fact doing everything they can to either tank the economy or slow down any economic recovery just so they have problems they can run on.
Esteemed right-wing troll Elon Musk decided to capitalize on things just before the report by predicting hard times ahead and warning that he might have to lay off 10% of his staff – largely a reflection of how poorly Tesla is doing. When speaking about the jobs report for May and pressed on Musk’s comments, President Biden quickly pointed out the real reason for Musk’s stupidity.
Ford Motors is expanding its investment on building electric vehicles with 6,000 new union employees in the Midwest, while its competitor Chrysler is making similar investments. This isn’t what the guy who runs a company known for electric cars wants to hear – that he won’t be the only game in town. Biden wished him well on his “trip to the moon” – as he made it clear that Democrats have a lot to run on in 2022 and 2024.
James Sullivan is the assistant editor of Brain World Magazine and an advocate of science-based policy making