After some economists predicted as many as a million jobs would be added in April, the jobs report showed only about a quarter of that amount, as well as an uptick in the unemployment rate:
The April jobs report was so bad @CNBC had to double check the number to make sure they read it correctly. pic.twitter.com/I7AHf1jUP2
— Mike Berg (@MikeKBerg) May 7, 2021
And of course Democrats could be expected to use that as justification to print more money and pump it into the economy:
Biden & Dems will use this in an attempt to justify why even more money needs to be sent out. #DefinitionOfInsanity https://t.co/SV0l3h4agl
— Doug Powers (@ThePowersThatBe) May 7, 2021
Aaaaand there it is: https://t.co/mgEKjjwlNS
— Doug Powers (@ThePowersThatBe) May 7, 2021
Yep, right on cue, the White House said that more of what caused the problem needs to be done:
The White House believes today's job reports illustrates the importance of providing robust unemployment support with millions of Americans still out of work, a senior administration official says
— Jeff Stein (@JStein_WaPo) May 7, 2021
House Speaker Nancy Pelosi said something similar:
Pelosi on jobs report: "“The evidence is clear that the economy demands urgent action.”
— Jeff Stein (@JStein_WaPo) May 7, 2021
For Democrats, no matter what happens shows a need for the federal government to spend more money:
"Let’s double down on what’s creating the problem, I’m sure that’ll fix it!" https://t.co/Wa6Dury4MZ
— Robby Starbuck (@robbystarbuck) May 7, 2021
There’s that definition of insanity again!
Reminder that many advocates of Keynesian stimulus use a non-falsifiable framework:
-Economy responds well? "See, it worked and we should do more!"
-Economy doesn't respond? "We obviously didn't spend enough and we should do more!"
Their answer is always more cowbell. https://t.co/PcEX8A4GIq
— Brian Riedl 🧀 (@Brian_Riedl) May 7, 2021
Which shows just how incompetent this administration is at recognizing the disaster they are just beginning to foist upon us. And, all the statist sycophants will dance and rejoice all the way to the impending economic destruction, because at least the mean tweets have stopped. https://t.co/2YWtGEpzZp
— G (@justthatG_uy) May 7, 2021
Our White House is celebrating a horrible jobs report. Let that sink in. https://t.co/dkDXVTpZ0n
— FugitiveMama Will NOT Comply! (@fugitivemama) May 7, 2021
Bad news is good news to political opportunists.
