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OpEdNews Op Eds    H3'ed 9/6/20

Stephanie Ruhle deconstructs the unemployment report and it's not good for most

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Stephanie Ruhle does a great job deconstructing the unemployment report in a form that everyone can understand. Sadly too many are suffering.


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Watch the full episode here.

Stephanie Ruhle did what she does best. Listen to the clip as she points out the reality of the recent unemployment report.

"The unemployment number is dropping," Stephanie Ruhle said. "But it is still 8.4% which is among the highest we have seen in modern history. So when the president and Larry Kudlow talk about the economy and the talk about COVID being behind us. It is not behind us."

Ruhle then goes on to explain the inconvenient truth about who is benefiting from the small recovery.

"What this recovery is, is fragile and fragmented," Stephanie Ruhle said. "And what we are seeing more is this "K," the rich are getting richer and the poor are getting poorer. So while the number is getting lower, we still have tens of millions of Americans who are out of work. And these weren't jobs that were created, 1.4 million jobs, they are jobs that are back. And still, less than 50% of the jobs lost in the pandemic have come back online."

And then Ruhle explains the most callous reality about this anemic recovery.

"It is a difficult time," Ruhle said. "And it's a time when a lot of people who can work from home, who are invested in the markets are frankly doing really, really well. And the rest of the country are really suffering."

We cannot allow Trump to do a victory lap on what is at best not a recovery for most, an anemic recover for some, and a windfall for a few.


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Egberto WilliesEgberto Willies is a political activist, author, political blogger, radio show host, business owner, software developer, web designer, and mechanical engineer in Kingwood, TX. Egberto is an ardent Liberal that believes tolerance is essential. His favorite phrase is "political involvement should be a requirement for citizenship". He believes that we must get away from the current policies that reward those who simply move money/capital and produce nothing tangible for our society. If a change in policy does not occur, America will be no different than many oligarchic societies where a few are able to accumulate wealth while (more...)
 
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