Kaboom! The US economy added a whopping 312,000 jobs in December. This is a huge number; we haven’t seen a number like this in decades. Breitbart News reported:
U.S. economy added 312,000 jobs in December … (November jobs numbers were) revised up as well. November, initially reported at a lower than expected 155,000 jobs gain, was revised up to 176,000. October’s gain went from 274,000 to 237,000. That adds up to a net gain of 58,000 from the previous tallies.
The labor market has been one of the bulwarks of the economy, remaining strong even while financial markets have gone wobbly.
Great news. Also look at this from Breitbart:
The revival of American manufacturing continued in the final month of 2018. The economy added 32,000 factory jobs for the month, including 19,000 positions added in the durable goods sector. That brings total new manufacturing jobs to 284,000 in (2018), a 37 percent rise from the previous year.
These “factory” jobs are the most important wealth-creating jobs in America. They are the jobs that take resources out of the ground – like iron ore, which has no intrinsic value – and convert it into steel and then into products like cars that have a monetary value. This is how wealth is “created”, along with good-paying jobs.
American manufacturing peaked in 1979 at 19 million jobs. Today there are only 12.5 million manufacturing jobs in a much bigger population. That is why the middle class has shrunk so much.
President Trump has vowed to bring those good jobs back and he is fighting hard to do so. And he is winning, slowly but surely.
But we cannot be complacent. We need to see these manufacturing numbers increase for 20 years if we are going to rebuild our middle class.
If the Democrats get back into the White House they will destroy the economic recovery and send the middle class back into poverty as they are doing in many Democrat-controlled states. That is why Americans have moved by the tens of millions into conservative states like Texas, Georgia and Utah.
Ocasio-Cortez Wants ‘Green New Deal’
The far-left Democrat congresswoman Alexandria Ocasio-Cortez from New York City has charged into the US House of Representatives in Washington demanding a “Green New Deal”.
She wants a major shift in energy production from private investment in oil, nuclear, coal and natural gas to taxpayer-subsidized ‘green’ energy like windmills, solar panels and ethanol fuel.
And Nikitas3.com warns you right now – this strategy will destroy the American economy. It already is doing so. Just look at how electricity bills are skyrocketing all over the country precisely as we bring on more and more ‘green’ energy.
Germany has more solar power than any other nation and has the sky-high electricity bills to prove it. Germans are facing a new phenomenon with the rise of ‘green’ power – it is called “energy poverty” where people cannot afford to pay their energy bills.
Congresswoman Ocasio-Cortez is making her demand based on the phony science of ‘climate change’, which is an unproven theory.
It was formerly called “global warming” but they altered it to ‘climate change’ when ‘warming’ was proved false. This alone should be a warning to us all.
Ocasio-Cortez’s choice of a name for her plan – a “Green New Deal” – is really dumb. She is referring to the New Deal legislation of the 1930s initiated by Democrat president Franklin Roosevelt. It was a massive investment of taxpayer dollars into make-work projects to employ millions of people during the economic depression of that decade.
Unfortunately the New Deal was a failure. In 1941, a full eight years after Roosevelt took office, his own Treasury secretary Henry Morgenthau said:
“We are spending more money than we have ever spent before, and it does not work. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. I say after eight years of this administration, we have just as much unemployment as when we started and an enormous debt, to boot.”
Naturally the Fake News media have never admitted that the New Deal was a failure, even though we conservatives have been explaining it for decades.
The same Fake News media will never admit that Ocasio-Cortez’s Green New Deal plan is the same thing. All ‘green’ power is dependent on huge government subsidies. It cannot stand on its own economically. Breitbart News then reported:
Newly-installed Rep. Alexandria Ocasio-Cortez (D-NY) is calling for 70% taxation on the wealthy as a way to pay for her “Green New Deal,” which proposes to use government to create new jobs by investing in renewable energy.
In an interview set to air Sunday on CBS News’ 60 Minutes, Ocasio-Cortez — … told Anderson Cooper that the “Green New Deal” would “require a lot of rapid change that we don’t even conceive as possible right now,” including raising taxes to a marginal rate of 70%, as in the 1960s.
(She) referred to the 70% rate on people at the “tippy-tops” as the rich merely paying their “fair share” of the tax burden.
Well, since most of the rich people in America are Democrats we don’t need an increase through legislation. These rich liberals can just send in more money. Here is what Forbes magazine reported recently:
Democrats, in fact, now represent 41 out of the top 50 wealthiest congressional districts — and all 10 of the top 10 wealthiest districts, according to a recent election study.
And while the Fake News media report glowingly about windmills, the actual experience of residents near these windmills shows that they are an abomination. They are noisy, ugly and they push up electric bills. If you have seen a beautiful mountaintop blighted with windmills, you know the score.
Why are so-called “environmentalists” promoting these hideous contraptions when they are so offensive to nature?
Answer: Because environmentalists are getting rich on windmills. They don’t care at all about “the environment” when they are making money.
Meanwhile if you want to read a December 2016 Nikitas3.com commentary about how our economy got into the straits that it was in when president Trump took office, go here.