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Economy

Weekly Unemployment Claims Surpass Great Recession Peak By Ten-Fold

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There were 6.6 million Americans who filed for unemployment insurance during the week of April 4 which surpassed the Great Recession peak by ten-fold.

According to the White House Council of Economic Advisers, the number of “initial weekly claims” peaked at 665,000 filings during the Great Recession.

“Over the past three weeks, 16.8 million initial UI claims were filed- over 10% of the 159 million US workers in Feb 2020. Since not all workers who lost their jobs have filed for UI, this measure likely understates job losses since March 15,” they wrote in a tweet.

They continued, “Insured employment, which measures approved initial UI claims, increased from $3.1 million to 7.5 million in the week ending March 28- surpassing the Great Recession peak of 6.6 million to become the highest level on record.”

Click here to read the recent unemployment report.

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Economy

Biden’s 60 Minutes Interview Horrifies White House: ‘Does NOT Reflect the OFFICIAL Position’

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Screen Shot 2022 09 19 at 2.41.05 PM

Uh oh. Someone let President Joe Biden speak by himself again and damage control immediately ensued. President Joe Biden’s “60 Minutes” interview which aired on CBS Sunday was 60 minutes of pure torture for viewers and 60 minutes of pure angst for the White House; everyone but the president himself.

60 Minutes’ official Twitter account publicly called out the President’s answers with an embarrassing statement that his own administration was in disagreement with him:

“President Biden tells 60 Minutes that U.S. men and women would defend Taiwan in the vent of a Chinese invasion. However, after our interview, a White House official told us that U.S. policy on Taiwan has not changed.”

CBS’ Scott Pelley also discussed inflation; an issue drastically affecting the welfare and wellbeing of families. Biden deflected with zero sympathy:

As for President Biden’s son Joe, he is sticking with the narrative that Hunter is the “smartest” person he knows and that “there’s not a single thing that I’ve observed at all that would affect me or the United States relative to my son Hunter.”

Biden also said that while the “proof of the pudding is in the eating” in response to being asked if he is fit to be President, Biden did not commit to saying whether or not he will run for re-election. His “intention” is to run again, “but that’s just intention” he said. “Is it a firm decision that I run again? That remains to be seen.”

 

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