WHY TERRY McAULIFFE CAN'T GET ENOUGH OF BRIBES SUCKER LYING LAWYER JOE BIDEN

 

Cotton: ‘Nothing Is Going to Save’ Terry McAuliffe’s ‘Failing Campaign’

TRENT BAKER

27 Oct 20210

1:22

During a Wednesday interview on FNC’s “Fox & Friends,” Sen. Tom Cotton (R-AR) sounded off on President Joe Biden campaigning for Democrat Terry McAuliffe in Virginia after the former governor described him as “unpopular.”

Cotton said McAuliffe’s polling numbers are sinking “under the weight of Joe Biden and the Democrats’ failed economic policies in what he predicted would be a “preview of what will happen next November” in the midterm elections. He added that McAuliffe has been calling on Biden and other Democrats leading up to Election Day “to help save his failing campaign.”

“I think Terry McAuliffe is looking for any harbor in the storm. He has been flailing for weeks now as his poll numbers sink under the weight of Joe Biden and the Democrats’ failed economic policies,” Cotton outlined. “So, he has called in Joe Biden, he’s called in Stacey Abrams, he called in Barack Obama. He is looking for anyone to help save his failing campaign, but nothing is going to save Terry McAuliffe. That race next week is going to be a canary in the coal mine when Glenn Youngkin is elected governor of Virginia as a preview of what will happen next November when the American people repudiate Joe Biden and the Democrats and elect Republicans to take back control of the Congress.”

Follow Trent Baker on Twitter @MagnifiTrent

Fact Check: Biden Claims More People Working Today Than Before The Pandemic

Win McNamee/Getty Images

JOHN CARNEY

27 Oct 20210

2:04

CLAIM: “Not only that, more people are working today than just before the pandemic started,” President Joe Biden said at campaign event with Terry Mcauliffe in Virginia last.

VERDICT: False.

This one is not even close. Many people lost their jobs when the pandemic struck and still have not found work. No matter how you count it, there are fewer people working than just before the pandemic.

In February 2020, just before the pandemic took hold and lockdowns were issued, there were 158,732,000 people employed in America, according to the Bureau of Labor Statistics’s broadest measure of employment. In September, there were 153,680,000 people employed. That’s a decline of just over five million.

 

Another measure of employment, called nonfarm payrolls, also shows the decline. This measure excludes proprietors, private household employees, unpaid volunteers, farm employees, and the unincorporated self-employed. Prior to the pandemic, there were 152,523,000 people on nonfarm payrolls. Today, there are 147,553,000 on nonfarm payrolls. That is a gap of just under 5 million.

So what about the private sector? Employment on private payrolls stood at 129,393,689 in February 2020. 123,853,888. That’s a gap of around 5.5 million.

 

Biding was speaking in Virginia and praising the work of its embattled governor, Terry McAuliffe. So is employment up in Virginia? Nope. Prepandemic nonfarm payrolls had 4,091,000 workers. The latest data show just 3,929,000 workers.

EconomyPoliticsemploymentJobsJoe BidenTerry McAuliffe

Poll: 61 Percent of Registered Voters Say America Has ‘Seriously Gotten Off on the Wrong Track’

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WENDELL HUSEBØ

27 Oct 20210

2:43

Sixty-one percent of registered voters say America has “seriously gotten off on the wrong track,” a Politico/Morning Consult poll revealed Wednesday.

“Now, generally speaking, would you say that things in the country are going in the right direction, or have they pretty seriously gotten off on the wrong track?” the poll asked respondents.

While 39 percent say the country is headed in the “right direction,” 61 percent say the country is going down the “wrong track.”

The poll also asked respondents if they approve or disapprove of President Joe Biden’s job performance. Thirty-nine percent “strongly disapprove” of Biden’s performance and 12 percent “somewhat disapprove,” totaling 51 percent.

Twenty-three percent “strongly approve” and another 23 percent said they “somewhat approve” of Biden’s performance. A total of 46 percent approve of Biden’s performance.

Among those surveyed, economic issues like taxes, wages, jobs, unemployment, and spending were the most important issues to registered voters at 38 percent.

Security Issues, which include terrorism, foreign policy, and border security, ranked second most important to voters at 16 percent.

 

The far-left agenda item of climate change ranked last at 5 percent.

The polling comes as Biden is suffering setbacks in all directions. After the collapse of Afghanistan, Biden’s average polling numbers turned upside down and has increasingly sunk to new lows as the economy deteriorates. According to Gallup, Biden has dropped in the average approval ratings faster than any president since 1953 over the first three quarters in office.

Prices consumers are paying for food, gas, and nearly every household good have increased. The New York Times has even taken note Monday, writing the 2021 Thanksgiving could “be the most expensive meal in the history of the holiday.”

Fueled by a supply chain crisis, the price of food has increased by 4.6 percent since Donald Trump was president. More specifically, prices for meat, poultry, fish, and eggs rose 10.5 percent.

Experts warn inflation and the supply chain crisis, primarily created by a labor shortage and union infighting, could last until 2022 and into 2023. But prices for goods could become worse due to ports planning to charge cargo ships for not unloading their cargo quickly enough.

Follow Wendell Husebø on Twitter @WendellHusebø

Atlanta Fed’s GDPNow Model Plunges Third Quarter Growth To Just 0.2%

NICHOLAS KAMM/AFP via Getty Images

JOHN CARNEY

27 Oct 20210

2:50

Economic growth in the U.S. slowed sharply in the third quarter. The question is just how bad will things get.

The consensus among Wall Street analysts is for growth of 2.8 percent, with estimates ranging from 1.6 percent to 4.6 percent. Bank of America actually picked up its estimate from 2 percent in early October to 2.5 percent.

The AtlantaFed’s GDPNOW model, which attempts to estimate quarterly GDP based on data as it comes in, fell to 0.2 percent on Wednesday from .5 percent a week ago.

The Department of Commerce will release its preliminary estimate of third-quarter GDP on Thursday morning.

The quarter has hugely disappointed what were initially rosy estimates for robust growth. The initial consensus was for around an annualized rate of growth of around 7.5 percent, with the upper range of estimates above 9 percent and the lower range at 5.5 percent. But those estimates from back in June failed to anticipate the huge drag from the combination of jammed ports, supply chain disruptions, businesses unable to find workers, and consumers socked with rising prices.

A few economists are worried the economy could already be in a recession.  In a research paper released this month, economists David Blanchflower of Dartmouth College and Alex Bryson of University College London argued that history indicated that slumping consumer sentiment—in particular— fear of impending unemployment suggested that households had detected an economic contraction not yet apparent in the economic data.

“The economic situation in 2021 is exceptional, however, since unprecedented direct government intervention in the labor market through furlough-type arrangements has enabled employment rates to recover quickly from the huge downturn in 2020,” wrote Blanchflower and Bryson. “However, downward movements in consumer expectations in the last six months suggest the economy in the United States is entering recession now.”

That is, however, not the consensus view. Most economists are not worried about a recession and expect that economic growth will return as supply chains heal over time, shortage-driven price increases prompt inflation-suppressing additional production, and people are prompted to return to the workforce once their fiscal policy boosted savings are depleted.

A big miss to the downside or a contraction could complicate the plans of Federal Reserve officials to announce a taper of the central bank’s bond-buying. Officials have signaled that they intend to announce at next week’s Fed meeting a gradual reduction of the $120 billion of monthly bond purchases.