7/2/20: A ray or two of light have penetrated clouds of gloom hovering over the U.S. economy.
The Bureau of Labor Statistics reported today that the U.S. economy “added” 4.8 million jobs in June.
You don’t have to be a Trump fan to be happy to hear that news, nor to be relieved that the figure for May was revised upward to show that 2.7 million jobs were “added” the previous month.
The broader picture is grim. The unemployment rate stands
at 11.1%. Only a massive infusion of federal Monopoly money has kept the
economy from sinking like a Trump-shaped chunk of granite to the bottom of the sea.
In another sign of trouble, the labor participation
rate
remains depressed, at 61.5%. That’s 1.2 percentage points lower than the day
Trump took office. We’ll need to add 1.9 million jobs next
month, and avoid further layoffs, just to get back to the level where we were
when President Obama left the White House.
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IF YOU WANT unalloyed good news, we have some. Ghislaine Maxwell, Jeffrey Epstein’s longtime companion and alleged accomplice in a decades-long sex abuse operation, was arrested by F.B.I agents in Bradford, New Hampshire. Maxwell’s indictment charges her with “helping Epstein to recruit, groom, and ultimately abuse” more than a hundred girls, some as young as 14. She is said to have been an enthusiastic participant in the abuse, as well.
Expect prosecutors to slap her with as many felonies as they can think of, in hopes Maxwell will sing about the rich and famous who took part in the debauchery at Epstein’s mansions, apartments and island homes round the world. England’s Prince Andrew has been accused of involvement. A victim has claimed that Alan Dershowitz, staunch defender of President Trump during his impeachment “trial,” took part in the debauchery. Even more depressing, Donald Trump is known to have hung out with Epstein.
Bill Clinton also hitched a ride to Africa on Epstein’s private plane, nicknamed by observers “The
Lolita Express.”
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Donald, Melania, Jeffrey Epstein and Ghislaine Maxwell. |
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THE NEWS concerning the coronavirus is not good. For a second day the U.S. surpassed the fifty-thousand mark with,
52,730 new
cases.
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