Democrat Leader Nancy Pelosi seems to have reached peak cognitive dissonance this morning.
Following the better than expected jobs data pushed the unemployment rate to its lowest in almost 50 years, the California politician issued a statement seemingly proclaiming that all of this is bad news for US workers.
In March of last year - after a 235k job gain, Pelosi was more excited about the strong jobs number, proudly proclaiming that the strong jobs number was due to Obama:
“February’s jobs numbers indicate the enduring power of President Obama’s economic leadership.
The firm foundation for growth created under the Obama Administration continues to deliver, but President Trump is taking dangerous steps that will hollow out our economy and weaken working families."
Which is odd, because in fact, Americans' confidence in the economy has almost never been higher and it is the lowest income Americans that have seen the biggest rise in confidence...
"After 50 days in office, President Trump still has not put forward a single significant jobs bill... it will destroy millions of jobs and create chaos throughout the economy."
Which is odd, because in fact, since that March statement, Trump's administration has added 1.821 million jobs to the US economy based on BLS data.
So given her extreme disappointment in the fact that her predictions of doom and gloom did not work out, perhaps it is little wonder that following today's strong jobs numbers, she felt the need to go full Orwell - "war is peace, love is hate, jobs are bad"...
In a statement on the May Jobs reports, Pelosi explained that:
"May’s jobs report shows that strong employment numbers mean little to the families hit with soaring new costs under the Republicans’ watch."
Seemingly doubling-down on her elitist "crumbs" remarks over Trump's tax-cuts, Pelosi then whined:
“... the President’s reckless policies are exploding gas prices, wiping out the few meager gains that some families should have received from the GOP tax scam, as wages remain stagnant.
Which is odd, because in fact, wage growth is near its best (admittedly slow) since June 2009...
And which is also odd, because in fact, while gas prices are up notably, they are just back to Nov 2014 levels, well below the wallet-crushing levels during President Obama's reign...and in fact perfectly in line with the average gas price at the pump during Obama's entire 8 years...
Pelosi ends with her pitch for what The Democrats plan is - aside from being "not Trump" that is...
“Democrats know that the American people deserve A Better Deal, with Better Jobs, Better Wages and a Better Future.
We are committed to creating millions of new good-paying jobs and raising wages, lowering the soaring cost of living for families and giving every American the tools to succeed in the 21st Century economy. Democrats will never stop fighting for the hard-working middle class families who are the backbone of our nation.”
Which is odd, because in fact, the biggest driver of soaring cost of living is her glorious leader's Obamacare scheme...
So, the Democrats want to fight The Fed's reflationary credit-creating ways, and at the same time create faster wage growth in already reportedly 'overheating and tight' labor market?
We wonder what she thinks about record low black unemployment rates?
Though we are sure that is a terrible thing!!!