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Real Wages Plummet as Inflation Hits the US Recovery

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The headline 3.9 percent unemployment rate looks positive, but job creation fell significantly below consensus, at 199,000 in December versus a consensus estimate of 450,000.

The weak jobs figure should be viewed in the context of the largest stimulus plan in recent history. With massive monetary and fiscal support and a government deficit of $2.77 trillion, the second highest on record, job creation falls significantly short of previous recoveries and the employment situation is significantly worse than it was in 2019.

The most alarming datapoint is that real wages are plummeting. Average hourly earnings have risen 4.7 percent in 2021, but inflation is 6.8 percent, sending real wages to negative territory and the worst reading since 2011.

The number of persons not in the labor force who currently want a job did not change in December, at 5.7 million. This is still 717,000 higher than in February 2020.

The number of long-term unemployed (those jobless for twenty-seven weeks or more) remains at 2 million in December, or 887,000 higher than in February 2020. Long-term unemployed accounted for 31.7 percent of unemployed, according to the Bureau of Labor Statistics.

The labor force participation rate remains at 61.9 percent in December and has been stagnant for almost twelve months. Labor participation remains 1.5 percentage points lower than in February 2020. Finally, the employment-to-population ratio is just 59.5 percent, or 1.7 percentage points below the February 2020 level.

Now put this in the context of a massive $3 trillion stimulus and the evidence is clear. There is no bang-on-the-buck from this unprecedented spending spree. All the jobs recovery comes from the reopening. The stimulus plan has not accelerated job growth, it has slowed it.

A few months ago I had a conversation with Judy Shelton, one of the top economists in the United States, and she mentioned that the recovery would be stronger without this stimulus plan, and she has been proven right.

No US citizen should be happy about plummeting real wages and stagnant labor participation in the middle of a strong recovery and the second-largest deficit on record.

The unprecedented figure of resignations is not a positive. It is evidence of a broken labor market where hundreds of thousands of Americans cannot afford to go to work because the costs outweigh their salary. This is not a signal of strong employment; it is a signal of a genuinely concerning side effect of inflation.

The United States is not even close to full employment. Erasing people from the unemployment lists is not full employment.

There is a clear threat to American workers from persistent high inflation and the higher taxes that the massive deficit includes: the destruction of the middle class and fewer job opportunities in the future as small and medium enterprises, the largest employers in the United States, suffer rising input prices and weaker margins.

The United States will not have a strong job market unless it recovers the trend of rising real wages and increasing labor participation rate that existed in 2018-2019. Everything else is just a poor and unproductive bounce.

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Michigan Democrats Face Backlash After Telling Parents They Should Not Be Involved in What Public Schools Teach Their Children

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Michigan Democrats lectured parents on Facebook this past weekend. The Democrat Party told parents they are not ‘clients’ of public schools and that public education teaches kids what society ‘needs them to know.’

A Facebook post on Saturday shared by the state’s Democrats on their official page attacked the idea that parents should be involved in what public school teaches their children.

The Democrats took the post down on Monday — not because they don’t believe the post but because it gives away their true agenda.

TRENDING: WATCH: Boston Cops Threaten, Harrass THE WRONG WOMAN Over Vax Card: ‘We Don’t Enforce Mandates, We Protect Rights’

FOX News reported:

A Saturday post made by the Michigan Democrats on their official Facebook page criticized the parents who want to play a role in what public education teaches their children. The post was deleted Monday morning after intense criticism.

“Not sure where this ‘parents-should-control-what-is-taught-in-schools-because-they-are-our-kids’ is originating, but parents do have the option to send their kids to a hand-selected private school at their own expense if this is what they desire,” the post read.

“The purpose of public education in public schools is not to teach kids only what parents want them to be taught,” the Michigan Democratic Party’s post continued. “It is to teach them what society needs them to know. The client of the public school is not the parent, but the entire community, the public.”

The Michigan Democratic Party later deleted that post and issued a quasi-apology.

“We have deleted a post that ignored the important role parents play—and should play—in Michigan public schools. Parents need to have a say in their children’s education, end of story,” a subsequent post on Monday stated. “The post does not reflect the views of Michigan Democrats and should not be misinterpreted as a statement of support from our elected officials or candidates.”

The state’s Republicans were sharply critical of the Democrats’ original post.

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US Army Guerrilla Warfare Exercise to Target “Freedom Fighters”

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The US Army is set to conduct a “guerrilla warfare exercise” later this month in North Carolina where troops will battle against “freedom fighters.”

Yes, really.

The two week “unconventional warfare exercise” will take from from Jan. 22-Feb. 4 on privately owned land in a remote location which remains unknown.

“Called Robin Sage, the exercise serves as a final test for Special Forces Qualification Course training and it places candidates in a politically unstable country known as Pineland,” reports the Charlotte Observer.

“These military members act as realistic opposing forces and guerrilla freedom fighters, also known as Pineland resistance movement,” said the the U.S. Army John F. Kennedy Special Warfare Center.

Information about the exercise was provided to the media in a bid to avoid civilians confusing the drills with actual terrorist attacks or warfare, which has happened before.

“It will be realistic enough to include the sounds of gunfire (blanks) and flares,” said the center.

As Chris Menahan notes, a similar Robin Sage exercise in 2019 showed resistance fighters displaying a flag that says “liberty.”

“They could tell these soldiers they’re battling the Chinese, Russians, Iranians, North Koreans or other foreign enemies but instead they have them training to kill “freedom fighters” with “Liberty” flags,” writes Menahan.

The exercise will do little to dampen concerns that the Biden administration is launching a de facto ‘domestic war on terror’ targeting patriots and Trump supporters.

Following the January 6 Capitol riot, Democrats ludicrously compared the events to September 11 in an attempt to justify using federal resources that would normally be focused on actual terrorists against American conservatives.

Earlier this month, the Justice Department created a new “specialized unit focused on domestic terrorism” in response to an “elevated” threat from violent extremists in the United States.

NEW: Citing “elevated threat from domestic violent extremists,” DOJ official announces creation of new domestic terrorism unit “to augment our existing approach.” https://t.co/v1W3qyU6rl pic.twitter.com/HfnIM3X4Xr

— ABC News (@ABC) January 11, 2022

However, polls show that Americans are split on who represents the biggest threat, particularly after the Waukesha attack, its subsequent cover up, in addition to the fact that left-wing extremists spent much of 2020 rioting and burning down American cities.

A recent Schoen Cooperman Research survey found that voters are split on domestic extremism, with 23 per cent naming left-wing extremism and 21 per cent naming right-wing extremism as the greater concern.

Following the January 6 incident, Army General Mark Milley, the chairman of the Joint Chiefs of Staff, said he wanted to understand “white rage,” although an interest in understanding “black rage” after a sustained period of violent mayhem caused by Black Lives Matter protesters wasn’t seemingly of any importance.

“I want to understand white rage, and I’m white,” Gen. Mark Milley, the chairman of the Joint Chiefs of Staff, said while testifying before Congress, pushing back on accusations from a Republican congressman that the military was becoming too “woke.” https://t.co/ix4dKxrC2d pic.twitter.com/HkFVB7d6Ur

— The New York Times (@nytimes) June 24, 2021

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MIT-Educated Doctor Ordered to Undergo Psych Evaluation After Prescribing Ivermectin

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An MIT-educated doctor who prescribed COVID patients Ivermectin and Hydroxychloroquine had her medical license suspended and was ordered to undergo a psychiatric evaluation.

Maine’s Board of Licensure in Medicine voted to pull Dr Meryl Nass’ medical license for 30 days after accusing her of circulating “misinformation” about COVID-19.

Health officials asserted that Nass “constitutes an immediate jeopardy to the health and physical safety of the public who might receive her medical services” as a result of her procuring anti-viral drugs to treat COVID.

The medical board voted to suspend Nass after receiving just two complaints that she was posting false information on her blog and on Twitter.

A doctor informed the Maine board of how he was contacted by the son of a patient who claimed his father was “borderline delirious” and “not doing well” after being prescribed Ivermectin by Nass.

Nass also self-reported to the medical board when she admitted obtaining Hydroxychloroquine by falsely claiming her COVID patient was suffering from Lyme disease.

“This was the only way to get a potentially life-saving drug for my patient,” said Ness.

This is why so few doctors are willing to speak up. In this crazy world, they are risking everything for not toeing the line. This is someone who showed actual courage. https://t.co/YaX5zHgUGL

— DMChowdhs (@DChowdhs) January 18, 2022

In her blog posts, Ness has questioned the efficacy and safety of COVID-19 vaccines, asserting that they are associated with reproductive harm.

Ivermectin and Hydroxychloroquine have proven controversial because they are not officially authorized by the FDA to treat COVID, but some doctors and prominent public figures have asserted that they work well against the virus.

The media has also engaged in misinformation surrounding Ivermectin, with the Associated Press having to apologize for falsely claiming that 70 per cent of calls to the Mississippi Poison Control Center were about people ingesting ivermectin to treat COVID-19.

CNN refused to apologize to Joe Rogan after falsely claiming the podcast host took “horse dewormer,” despite Rogan having been given Ivermectin, a drug routinely used to treat humans, by a licensed doctor.

“They shouldn’t have said it was horse dewormer,” acknowledged CNN’s Dr. Sanjay Gupta during an appearance on Rogan’s show.

Last week, Rogan accused CNN of doctoring a video of himself from last year in which the host announced that he had COVID.

Joe Rogan asks Sanjay Gupta if it bothers him that CNN outright lied about Rogan taking horse dewormer to recover from covid. This is fantastic: pic.twitter.com/PEgJqIXhSD

— Clay Travis (@ClayTravis) October 14, 2021

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