‘Opening with a bang’: President Trump Celebrates May Job Numbers
President Donald Trump addressed the country from the White House Rose Garden Friday after the U.S. Labor Department’s report revealed that May brought back millions of jobs to the economy as states reopened after businesses closed for months to mitigate the spread of the coronavirus began reopening in phases.
“We’ll go back to having the greatest economy anywhere in the world,” Trump said describing the achievements his administration made before the novel coronavirus pandemic began,” Trump said.
“We’re going to be back and we’re going to reopen the country and I hope that the lockdown governors, I don’t know why they continue to lockdown, because if you look at Georgia, if you look at Florida, if you look at South Carolina, if you look at so many different places that have opened up, I don’t want to name all of them, but the ones that are most energetic about opening are doing tremendous business.”
“We’ll go back to having the greatest economy anywhere in the world.”
Nonfarm payroll employment rises by 2.5 million in May; unemployment rate falls to 13.3% https://t.co/1Y9cSWJUIB #JobsReport #BLSdata
— BLS-Labor Statistics (@BLS_gov) June 5, 2020
The U.S. economy’s unemployment rate dropped from 14.7 percent to 13.3 percent and the job market added 2.5 million jobs in May. The President touted the “incredible” numbers in several tweets posted Thursday morning.
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San Francisco gas-furnace ban will gouge residents and strain vulnerable electric grid
Progressive California is digging itself deeper and deeper into a literal energy crisis. Last week, twenty members of the Air Quality Management District “approved the plan to phase out and ban gas-powered systems that emit nitrogen oxide, or NOx, and that contribute to air pollution. Three board members were absent, and one member abstained” writes National Review.
The ban will phase out the sale of new gas furnaces and water heaters in Northern California. As a result, it will “be costly for residents, will further burden an already stretched electric grid, and will have minimal environmental impact” energy experts and economists told National Review.
“The move is emblematic of California’s approach to energy, which involves ramping up the demand for electricity while gutting the state’s ability to meet its electricity needs,” they said.
Specifically, it is “a regressive policy that’s going to increase costs in a state that is already unaffordable, it’s going to do minimal in terms of reducing [greenhouse-gas] emissions, and it’s going to stress a problem that we already have no plan of addressing, which is [that] our grid is going to be unable to provide reliable electricity,” said Wayne Winegarden, a senior fellow in business and economics at the California-based Pacific Research Institute who is studying the state’s electricity shortfall.
Winegarden said California already has a major housing-affordability problem. “And now we’re going to make it even less affordable,” he said. While there are state and federal incentives and subsidies for people to purchase and install electric heating systems, Winegarden, an economist, called it a “shell game.”
“Subsidies don’t get rid of the costs,” he said. “They just redistribute the costs.”
The board’s vote did not address natural-gas stoves because it doesn’t regulate indoor air pollution, notes National Review. However, earlier this year, the Biden administration’s Consumer Product Safety Commission was considering restrictions, and possibly a ban, on natural-gas stoves.
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