Well this is awkward. Not only did photos emerge of former President Bill Clinton receiving a massage from an Epstein victim shortly before his Democratic National Convention speech, but he also butchered the speech with lies... and the fact checkers are on it.
Clinton said on Tuesday, “Our unemployment rate is more than twice as high as South Korea’s, two-and-a-half times the United Kingdom’s, more than three times Japan’s. Donald Trump says we’re leading the world — well, we are the only major industrial economy to have its unemployment rate tripled."
ERRRRRRR. That is incorrect.
It is extremely misleading to claim that the unemployment rate in the U.S. is Trump's fault, and even more misleading to imply that it makes our economy weaker than the U.K.’s, Japan’s, or South Korea’s.
The U.S. unemployment rate did jump higher than that of our European and Asian allies. But that is because the U.S. has favored a more flexible and generally more effective economic policy response than Europe, South Korea has an export-focused economy, and Japan’s shrinking population and societal conventions all but prohibit layoffs.
The U.K., like many other European nations, has relied on a job protection scheme that has kept workers formally attached to their jobs even though many are not actually working or businesses cannot afford to keep them on.
The U.S., for its part, engaged in a massive fiscal expansion that has swiftly ended the economic contraction caused by the coronavirus. That included allowing workers to be laid off but paying most of those workers more in unemployment benefits than they earned on the job. That has limited the damage to the U.S. economy, kept household consumer spending afloat, and allowed many Americans who lost their jobs to keep paying their bills.
The eurozone’s gross domestic product plunged 40.3 percent on an annual basis, far exceeding the 32.9 percent contraction in the U.S. economy over the same period, according to data released last month. Japan is deeply mired in a recession, with its economy shrinking for three consecutive quarters, most recently by 27.8 percent. Smaller South Korea has done better but largely because the structure of its economy means it is much less dependent on the spending of its own consumers and therefore less vulnerable to social distancing drags.
In other words, the difference in unemployment is not descriptive of the effectiveness of the economic policies of the different nations.
Continue reading on Breitbart
Trending Political News
Michelle Obama Blames Kids in Cages on Trump, Immediately Gets Fact-Checked by AP
Michelle Obama blamed "kids in cages" on President Trump like much of the left has done during the Trump presidency. This time the AP was there to fact-check the former First Lady and put her in her place.
“They watch in horror as children are torn from their families and thrown into cages," Michelle Obama said, describing Americans.
Trump Pokes Fun at Obama's Pre-Taped 'Snooze' Convention Speech
President Donald Trump poked fun at the former first lady Michelle Obama and other Democrats for pre-taping their speeches for the Democrat National Convention.
“These are all taped speeches. Michelle Obama, her speech was taped,” Trump said on Monday, after he previewed the opening night of speeches.
It Can't Be Called A Conspiracy Theory Anymore, Hundreds of Celebrities and Politicians Visited Pedo Island (Names Inside)
Many want to try and claim that the whole Pizzagate and sex trafficking ring is just a conspiracy theory, but it is real and it's a HUGE deal.
Personally, I'm a naturally skeptical person who questions anything that seems out of place, even if it's not. I'm still going to test it anyway though.
Creepy Video Shows Corpse Waving from Inside Casket During Burial
I've seen some creepy things in my life, but this video definitely gets put in the top 10 list of creepy videos I've seen.
In a video taken in Indonesia, you see a body being buried in a casket when all of a sudden, it looks like the body inside waves.
Attempt at Voter Fraud Foiled? CBS News Posts Results In Laura Loomer’s Race Days Before Election Took Place
CBS appears to have been caught in some sort of election fraud attempt or doing something sly to influence the election in South Florida.
This is an important election as Laura Loomer is one of the candidates running for a seat in the House of Representatives.
Police Recover More Than 100 Missing Children in Single Day and In One County
As I scroll through my Facebook time, one thing has become very apparent; more and more people have become aware of how big of a problem human trafficking is...not just in our country, but around the world.
And I don't have a lot of conspiracy theorists that I'm friends with on Facebook. These are your everyday people from different walks of life.