The large financial information on Friday was that 33,000 jobs have been misplaced in September. It was the primary time in seven years that the roles numbers went destructive. Most reviews have been fast to quote the rash of hurricanes that plagued the nation in current weeks. Nevertheless, the job progress statistics all through 2017 have lagged behind the identical time interval in 2016.
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It’s no coincidence that Donald Trump and Fox Information have been bragging concerning the efficiency of the inventory market. It’s a simple, albeit deceitful, distraction from the opposite dangerous information of the day. By no means thoughts that shares are at present within the second longest bull market in historical past and that it began in 2009 beneath President Obama. Trump has accomplished actually nothing that may change the momentum of Obama’s financial system. Not a single financial invoice has reached his desk for signature. However that hasn’t stopped him and his propaganda division at Fox Information from making an attempt to steal the credit score, as demonstrated in these tweets:
Inventory Market hits an ALL-TIME excessive! Unemployment lowest in sixteen years! Enterprise and manufacturing enthusiasm at highest degree in many years!
— Donald J. Trump (@realDonaldTrump) October 5, 2017
On @foxandfriends, @Varneyco revealed how a lot the nation’s wealth has elevated since November eight, 2016. pic.twitter.com/YNvN7CK683
— Fox Information (@FoxNews) October 6, 2017
The wealth improve that Fox Information is touting is predicated solely on the rise of equities. Not solely is it false to explain that as “the nation’s wealth,” it’s a fluid indicator that would reverse course tomorrow. Certainly, many inventory analysts regard the market’s present place as overvalued. These analysts are predicting a “correction”Twitter vs. Fox Information
That victory goes to @BarackObama Since no new financial modifications have occurred with this administration. Thanks Obama
— Ice Guardian JD (@Jeffdavis612) October 6, 2017
Ask anybody dwelling paycheck to paycheck or within the center class completely squeezed for cash how they really feel about this statistic
— Kat (@kat_hassinger) October 6, 2017
ninety% of it went to prime 10%
— ljl (@ljl_york) October 6, 2017
However hes not even handed a finances so this is not his doing…
— werlybird (@Jayhawk630) October 6, 2017
Properly shit the place is my reduce?
— J mo (@jmomon13) October 6, 2017
You already prostituted that in an earlier tweet. How about them job numbers at this time?
— Marcin Soluch 🇦🇺 (@MarcinSoluch) October 6, 2017
Now thats pretend information! pic.twitter.com/9h1h23ZMWY
— 🌴🌊Francesca🌊🌴 (@Francesca1728) October 6, 2017
No want for a tax break for the rich, clearly have the cash to pay taxes at present fee! Greater tax break to ENTIRE center class! @GOP
— susan vogel (@susiemv) October 6, 2017
When Obama was saving the US financial system & the inventory market & job progress have been doing data why did not u report it like u do now?
— Nanette Worth (@nanetteprice71) October 6, 2017
To the highest 1%, SAY IT FAUX NOISE