Friday, February 19, 2021

ChiCom Flu and Biden* Killing Economy

The Chinese Communists still claim--without evidence--that the release of the bio-weapon "Wuhan Flu" was an accident.  Fake News and the Biden* Administration prefer that version of events.  If you were an enemy of the US and didn't want to start a war using the military, what would you attack?

How about the economy?

Jobless claims—which are a proxy for layoffs—remain at extremely high levels. Prior to the pandemic, the highest level of claims was 695,000 hit in October of 1982. In March of 2009, at the depths of the financial crisis recession, jobless claims peaked at 665,000....

...Claims hit a record 6.87 million for the week of March 27, more than ten times the previous record....Through spring and early summer, each subsequent week had seen claims decline. But in late July, the labor market appeared to stall and claims hovered around one million throughout August, a level so high it was never recorded before the pandemic struck. Claims moved down again in September and had made slow, if steady, progress until the election....

Then things went bad.  Hmmmmm.  Fake News, Fake Election, Biden*........

...New weekly jobless claims unexpectedly rose by 13,000 to 861,000 in the week that ended February 13, the Department of Labor said Thursday.

Economists had expected claims to fall to 768,00 from the 793,000 initially reported for the prior week. The previous week’s figure was revised up by 55,000 to 848,000....

And don't forget the effect that Biden* has had on the price of gasoline (see below.)

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