Let me get this straight.
Jobless claims just fell to 189,000, the lowest level since 1969. You have to go back 57 years to find a better number. We’re now filing fewer unemployment claims in a normal week than we did in the single best week of 2019, before the pandemic.
The four-week average is down more than 13% from a year ago. People are working. The firing has basically stopped.
And groceries? Food inflation is running at 1.8%, below the 20-year average of 2.6%. Your grocery bill is climbing slower than it normally does.
So the labor market is the strongest in half a century and food is calmer than the 20-year norm.
And on Tuesday, voters turned around and punished the party in charge over the economy.
It’s odd. You can put up the best jobs numbers since 1969 and still lose the room.
BILL MITCHELL
These guys still don’t get it. Trump betrayed his voters: no Epstein prosecutions, got us in a war with terrible optics, a do-nothing congress that blocked everything; failure to remove rogue judges, no justice for J6ers, no justice for the fraudsters, they gutted Elon’s DOGE after uncovering monstrous fraud – they simply killed it because it led back to them. The betrayals are lengthy – what Trump did accomplish he did by himself; and most all of it was long term. The republicans had nothing to run on because they have done basically nothing.
I’ve posted this before but certain Tent people did not want to hear the warning sirens.
Surprise!!!
Now it’s BOHICA time for us and the country.
Got gold? Guns? Grub? Lotsa ammo???
People forget all that Trump didn’t do, or rather they remembered it. The average length of U.S wars from Vietnam on is 12 years. With all that wasted money the entire infrastructure of the USA, including dams, roads, bridges, etc. could have been repaired. Instead, all those trillions were squandered on a few who made out like bandits. Soldiers died, were maimed, civilians killed for nothing. The American people saw the future and they didn’t like it. Matt Walsh got it right from the beginning. https://youtu.be/j2EQz6vaOsw?si=z-UhSf5jCESuw_CG
“Food inflation is running at 1.8%, below the 20-year average of 2.6%.
Your grocery bill is climbing slower than it normally does.”
Its not the delta. Its the runup into now. We’re stuck AT unaffordable.
Beef is still crazy.
Chicken basically doubled in the last several years.
Cereal boxes ALL now run $5 each, instead of just the oversized ones.
Fruits and vegetables have easily doubled in the last 2-3 years.
And there are now fewer chains to choose from given M&A. Meaning, fewer promotional deals.
And what I’m reading is that grocers are no longer competing on price for customers, but profiting far more on selling their customers’ shopping data.
In short, people didn’t vote based on the media feeds that Mitchell is citing.
They voted off their direct experiences, and conversations with those around them.