The year 2020 has been a tough one for a lot of Americans, but it’s been especially difficult for the experts who claim to analyze data for a living. A lot of these people (pollsters, public health experts) have been exposed as frauds.
If you still don’t know that dishonest people can easily manipulate data to tell you any story they want to tell you, consider the condition of our economy. The numbers out of Washington suggest it’s in great shape. Stock prices, 401(k)s and upscale home sales have all risen dramatically. There are a lot more billionaires than there ever have been in this country. In fact, billionaires as a group have increased their wealth by 30% overall this year. At the same time, the unemployment rate is falling, so it’s all good, right?
Well, that is one way to look at it, but it’s not the whole story. America has a very different economy now from the economy we had even just last year. People at the very top are thriving, but many other Americans are withering away.
Tens of thousands of independent businesses have been shut down for good, entire sectors of the economy have been wiped off the map. That’s a lot of people out of work. So where are they? Why does the federal government tell us the unemployment rate is down?
Here’s the simple answer: The official unemployment numbers don’t count unemployed people who have stopped looking for jobs, and there are a lot of those. Last month alone, another 500,000 working-age Americans who want a job quit trying to find a job. That’s not surprising. There are 10 million fewer jobs available in this country than there were in February, when politicians decided to destroy countless small businesses in the name of slowing the spread.
As a result of that, according to the Labor Department, long term unemployment has hit record levels. Last month, 385,000 more Americans reported being unemployed for longer than 27 weeks since September. That number has increased by more than 1.5 million.
So what is our government’s solution to the disaster they created? Well, more money from the Federal Reserve, printed out of nowhere and backed by nothing. Trillions of new dollars spent to fix a problem they created, and more on the way soon. Keep in mind, this is stimulus money, designed to help those hurt by the lockdowns. In many cases, it did help and it will help.
But in many other cases, the money has gone to people with the right political connections. A voter registration nonprofit run by Rev. Raphael Warnock, now running for Senate in Georgia, raked in $482,000 in coronavirus bailout money. How did he do that? Don’t ask. A firm that happens to be co-owned by Ilhan Omar’s husband got half a million dollars in tax money. Planned Parenthood hoovered up $80 million. (More abortions for everyone!) The Kennedy Center in Washington, home to the local opera, got $25 million and then laid off employees, anyway.
Go to the news source: Tucker Carlson: How to fix the post-COVID economy and keep the socialists at bay