Stephen Moore, Distinguished Visiting Fellow, Project for Economic Growth, at The Heritage Foundation, slammed Joe Biden during an interview on Thanksgiving, saying that Biden&#8217;s policies, specifically his desire to rejoin the Paris Climate Accords, are going to harm American workers.
Moore made the remarks during an interview on Fox News with Rick Leventhal where he noted that under the Trump administration the unemployment rate rapidly improved after it spiked earlier in the year due to the pandemic. Moore also touted the record-breaking time that a vaccine has been created, which happened under the Trump administration&#8217;s Operation Warp Speed.
Toward the end of the interview, Moore warned about the negative impacts that America could face if Biden rejoins the Paris Climate Accords once he takes office.
&#8220;I think one of the best things that Donald Trump did when he came into office, and we had talked to him on the campaign about this, that Paris climate change treaty is a joke,&#8221; Moore said. &#8220;The single biggest polluter in the world, by far, by far, is China and it doesn’t require China to do anything for another 10 years.&#8221;
&#8220;Meanwhile, we have to shut down our coal plants, we have to shut down our oil and gas facilities that employ millions of workers, we have to use more expensive energy while China and India and Russia laugh behind our back,&#8221; he continued. &#8220;So, I don’t think it’s a very wise thing to do, as I said in my note this week, this doesn’t put America first, it puts America last because American workers are the ones who are going to have to lose their jobs while the rest of the world — especially the countries that are the big polluters — don’t have to change their behavior.&#8221;
WATCH:
<iframe title="Steve Moore shreds Biden&#039;s proposal to rejoin Paris Climate Accord" width="500" height="281" src="https://www.youtube.com/embed/SDAnW5lCmsA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
TRANSCRIPT:
<blockquote>RICK LEVENTHAL: He’s a former adviser to the Trump 2016 campaign and founder of the Committee to Unleash Prosperity. Steve, first your thoughts on Janet Yellen’s position possibly as treasury secretary.
STEPHEN MOORE: I just have to say at the outset, we really should be celebrating this Thanksgiving this amazing economy. This is, we are now living through the single greatest and swiftest recovery from recession in American history thanks to Donald J. Trump. We have the unemployment rate down below 7 percent in 6 months, it took Obama-Biden 6 years to do that. We’ve got growth, the Dow went up to 30,000, a lot of that is because of Operation Warp Speed and the vaccine that’s coming. So, 2021 is really setting up to be a blockbuster year as long as Joe Biden’s policies don’t ruin it and don’t derail this incredible expansion. Now, some of the people that Joe Biden has nominated or at least is expected to nominate, people like Janet Yellen, look I know Janet Yellen a bit, I think she’s a very competent person. I don’t always agree with her on policy, but we could’ve gotten a lot worse. You know. I think a lot of conservatives are happy that at least it’s not Elizabeth Warren.
LEVENTHAL: What about these other potential members of the squad being added to the cabinet? I know progressives are pushing their agenda on Joe Biden and hope that he’ll play ball with them.
MOORE: Well, first of all, I was listening to that report and it sounds like it’s all this kind of racial and gender equity stuff and not choosing the people, I’m not saying these people aren’t qualified, but I think Americans do want a color blind society and the idea that people should be picked because of their gender or the color of their skin probably isn’t the best idea for America. By the way, Donald Trump had some incredible high-level people who served him in his cabinet who were black and who were Hispanic who did an amazing job. So, I think what matters is, who can get this economy back. We still have a lot of work to do, but truly, this is an amazing recovery we’ve been in. Nobody expected we’d be where we are and let’s not forget, nobody thought we could have a vaccine in less than a year. That’s never happened before in world history, never. And we’ve got this vaccine that’s going to be out early in January hopefully and that’s going to save potentially millions of lives all over the world.
LEVENTHAL: Steve, I want to switch topics real quick to the climate agenda by the president-elect. You wrote an op-ed on Fox News titled, ‘Biden Wants Us To Rejoin Paris Climate Accord. Why? It Puts America Last.’ I think we know where you stand on this.
MOORE: Well, this is just [inaudible], I think one of the best things that Donald Trump did when he came into office, and we had talked to him in the campaign about this, that Paris Climate Change Treaty is a joke. The single biggest polluter in the world, by far, by far, is China and it doesn’t require China to do anything for another 10 years. Meanwhile, we have to shutdown our coal plants, we have to shutdown our oil and gas facilities that employee millions of workers, we have to use more expensive energy while China and India and Russia laugh behind our back. So, I don’t think it’s a very wise thing to do, as I said in my note this week, this doesn’t put America first, it puts America last because American workers are the ones who are going to have to lose their jobs while the rest of the world—especially the countries that are the big polluters—don’t have to change their behavior.</blockquote>
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Former Trump Campaign Adviser Stephen Moore Interview

Economic Expert Warns About Biden’s Policies: Americans Going To Lose Jobs While Other Nations Laugh

Economy

Joe Biden

Stephen Moore, Distinguished Visiting Fellow, Project for Economic Growth, at The Heritage Foundation, slammed Joe Biden during an interview on

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The America that emerges from the coronavirus pandemic is shaping up to be visibly different than it was before the outbreak.
Restaurants and bars have been the most obvious to adapt, as most state’s coronavirus restrictions revolve around the service industry. Brick and mortar storefronts have also suffered, with thousands of business shuttering their doors, <a href="https://www.cnbc.com/2020/09/16/yelp-data-shows-60percent-of-business-closures-due-to-the-coronavirus-pandemic-are-now-permanent.html">according</a> to Yelp. In August, Yelp reported that more than 160,000 businesses had indicated on the review website they had closed, and further data from the website shows 60% of those closures will be permanent.
USA Today has now <a href="https://www.usatoday.com/story/money/2020/11/13/closed-stores-hotels-retail-loan-defaults/6219469002/">reported</a> on the number of hotels and shopping malls suffering due to the pandemic.
“In the New York area, the owners of 43 hotel loans were delinquent on loans backed by $1.5 billion in bonds as of Oct. 31, according to Trepp LLC, a research firm that tracks commercial real estate markets,” the outlet reported. “Another 30 owners of shopping malls and storefronts in the greater Chicago area were facing similar financial problems with loans backed by more than $630 million in bonds. And that&#8217;s two sets of borrowers in two of the hardest-hit areas of the economy in two of the biggest cities in the United States.”
Further, “more than a thousand hotel and retail borrowers have defaulted on more than $35 billion in loans since the coronavirus pandemic stalled travel and tourism and made visits to shopping mall unappealing, especially with easy online alternatives for consumers,” USA Today reported.
It amounts to 20% of all hotel loans and about 14% of all retail loans “originated by commercial real estate lenders and packaged into securities that are sold to investors” being delinquent.
&#8220;The pandemic has had the most immediate and dramatic impact on hotels and motels, as we&#8217;ve taken a vacation from vacations,&#8221; Jamie Woodwell, vice president of commercial real estate research at the Mortgage Bankers Association, told USA Today. &#8220;It&#8217;s also put a lot of stress on retail, where the conversion to online purchasing that should have happened over five years has accelerated and is now taking place over a matter of months.&#8221;
Big retailers such as Gap Inc. began removing stores from shopping malls during the pandemic, announcing it would close 220 Gap stores and 130 Banana Republic stores in the next few years.
Hotels have attempted to survive in some cases by converting in workspaces, but it hasn’t stopped the downfall. From USA Today:
<blockquote>The shakeout across the country is already causing hotels to lose 20% to 30% of their value, according to the Avison Young brokerage firm.
&#8220;The hotel industry has been devastated by this pandemic,&#8221; said Stephen Michels, the managing director for Cushman &amp; Wakefield&#8217;s hospitality practice. &#8220;The combined impact has been greater than 9/11 and the financial crisis combined. It&#8217;s been very painful for a lot of owners.&#8221;
Occupancy rates across the country dropped to 33% for the three months ended June 30 from 70% during the same period in 2019, while average room rates dwindled to $83 per night from $133, according to Cushman &amp; Wakefield, a global real estate services firm.</blockquote>
Retail stores were already suffering due to online retailers such as Amazon, but the coronavirus pandemic accelerated their downfall.
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Business closures

Malls And Hotels Going Out Of Business Due To Coronavirus Restrictions

Coronavirus

Small Businesses

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Analysis shows multiple ways in which President Donald Trump’s policies were better for American families than former President Barack Obama’s.
Karl W. Smith, former vice president at the Tax Foundation and an assistant professor of economics at the University of North Carolina, used his <a href="https://www.bloomberg.com/opinion/articles/2020-10-30/trump-s-economy-really-was-better-than-obama-s">Bloomberg opinion column</a> just before the November election to explain how the economy improved under Trump. Of course, the column didn’t get mainstream traction prior to the election, and the media has since called the election for Joe Biden, who has promised to undo the Trump policies that made the economy so successful after decades of stagnation.
As Smith wrote, not only did unemployment drop and economic growth increase beyond what experts said was possible, but median household income rose far above what it had been for the past few decades.
“In 2016, real median household income was $62,898, just $257 above its level in 1999. Over the next three years it grew almost $6,000, to $68,703. That’s perhaps why, despite the pandemic, <a href="https://news.gallup.com/opinion/gallup/321650/gallup-election-2020-coverage.aspx">56%</a> of U.S. voters polled last month said their families were better off today than they were four years ago,” Smith wrote.
“The key to that number is the breadth of Trump’s expansionary agenda. Republican presidents have typically focused on tax cuts, particularly for businesses, with the idea that they will encourage an increase in investment and wages. Democrats have tended to seek spending increases, often with the hope that they will stimulate the overall economy and increase job growth. Presidents of both parties have traditionally left interest-rate policy to the Fed,” Smith continued.
“Trump broke the mold by aggressively battling on all three fronts. He also sought to increase jobs in manufacturing and agriculture by pursuing a series of trade wars. (Most economists, from across the ideological spectrum, think this policy <a href="https://www.bloomberg.com/opinion/articles/2019-11-19/trump-s-tax-cuts-were-working-until-he-started-his-trade-war?sref=EP6bV7CS">backfired</a>.) Nonetheless, if one had to choose between Trump’s three good policies plus trade wars, or the more modest economic policies of his predecessors, the easy choice is Trump.”
Trump further improved the economy by lower the unemployment rate, especially for African Americans. As Smith wrote, during Obama’s tenure, the unemployment rate dropped from 909% to 4.7% following the Great Recession. Treasury and Federal Reserve officials said that number couldn’t decrease any more. Trump proved them wrong with the three-pronged approach, and unemployment fell to 3.5%, the lowest since 1969.
Experts also claimed Trump’s goal of 3% growth was impossible, yet Trump made it happen.
Smith suggested this was not merely a continuation of Obama’s policies or a trend that started during his administration. Trump’s tax cuts, spending increases, and lowered interest rates were a deviation from past policies, leading to economic success. From this knowledge, Smith concluded that Biden should follow Trump’s lead on spending, taxes, and interest rates but stop the trade wars for a successful economy. Biden, however, has said he would eliminate nearly all of the Trump tax cuts, meaning a return to Obama-era policies and a poorer economy.
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President Donald Trump

Family Income Rose Drastically Under Trump, Meaning His Economy Was Better Than Obama’s

Donald Trump

Analysis shows multiple ways in which President Donald Trump’s policies were better for American families than former President Barack Obama’s. Karl W.

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After its worst quarter in history, the U.S. economy just posted its best quarter in history.
For July, August, and September, the gross domestic product (GDP), which measures total goods and services produced, grew at the record-shattering pace 0f 33.1% on an annualized basis.
The previous post-World War II record was the 16.7% growth in the first quarter of 1950. The new burst came after a 31.4% plunge in the second quarter.
“This record economic growth is absolute validation of President Trump’s policies which create jobs and opportunities for Americans in every corner of the country,&#8221; President Donald Trump&#8217;s campaign said in a statement. &#8220;The President built the world’s best economy once and he’s rapidly doing it again, proving that cutting taxes and reducing regulations and red tape clear the way for American ingenuity and our entrepreneurial spirit to thrive.&#8221;
&#8220;We have regained more than half of the jobs lost to the global pandemic in less than six months, while it took more than two years to regain half of job losses from a recession while Joe Biden was in charge. President Trump will continue to safely reopen the country, while Biden is the candidate of lockdowns, inviting another economic shutdown which would devastate working people and cause even more health problems above and beyond what the coronavirus has caused,&#8221; the campaign said.
The Trump campaign also blasted Trump&#8217;s opponent, Democratic nominee Joe Biden, saying he &#8220;has been an economic disaster for nearly five decades in Washington, backing disastrous trade deals and putting China’s interests ahead of American workers. Biden’s plans for a $4 trillion tax increase and Green New Deal regulations on every person, business, building, and farm in the nation would kill this recovery while it’s already in full swing. For voters, the choice is simple: It’s a Trump boom versus a Biden depression.”
Larry Kudlow, director of the United States National Economic Council, also lauded the numbers.
&#8220;We&#8217;ve never had anything remotely close to this,&#8221; Kudlow said Thursday on Fox News. &#8220;And let me add, this thing was kicking on all cylinders. Automobile production, for example, up over 1,100 percent in the third quarter, big numbers on consumer spending, big numbers on housing, big numbers on capital equipment machinery and manufacturing and so forth.&#8221;
Kudlow also said that inventories are depleted, &#8220;so inventories are going to be rebuilt. This quarter the momentum is going into the fourth quarter and will go into 2021, assuming policies are good. This is not a one time in fact this is going to go on. It&#8217;s a strong, strong recovery. The V shaped concept that I coined a while back, looking pretty good right now.&#8221;
The news wasn&#8217;t all good. Looking exclusively at the quarterly data, the nation&#8217;s GDP grew 7.4% in the third quarter, but it was a 9% decline a second quarter. Also, the economy is 3.5% smaller than it was compared to the end of 2019.
Kudlow said by late this winter or early spring, &#8220;we will regain all of the Lost output that we suffered during the terrible pandemic contraction, this past winter, and the first half of the year. So it&#8217;s an optimistic view.&#8221;
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U.S. Economy Explodes, GDP Booms At 33.1% Rate In Q3, Shattering Record

After its worst quarter in history, the U.S. economy just posted its best quarter in history. For July, August, and September, the gross domestic product

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Until COVID-19 hit, President Donald Trump was on a glide path to reelection.
On domestic policy, Trump&#8217;s tax and regulatory cuts spurred the economy to heights unseen in 50 years; his Department of Education cracked down on the star-chamber courts applied on college campuses in cases of alleged sexual misconduct; he has appointed scores of well-qualified constitutionalist judges, including three Supreme Court justices. On foreign policy, Trump is the first president of my lifetime not to enter any foreign wars; he has brokered historic peace deals in the Middle East between Israel and Arab countries; he has stood up to Chinese predations in unprecedented ways.
If this election had been held in February, Trump likely would have won. And he likely would have won rather easily. That&#8217;s because Trump&#8217;s often-terrible rhetoric would have taken a back seat to his actions, and Americans&#8217; pessimism about Trump&#8217;s character would have taken a back seat to their optimism about his agenda.
Then COVID hit.
The economy, thanks in large part to overwrought lockdown policies, collapsed. Hundreds of thousands of Americans died. And Trump&#8217;s rhetoric blunders took on renewed seriousness as Americans looked for steady leadership and instead found the usual Trumpian stew of bloviation and exaggeration and ire.
COVID has become the Democrats&#8217; chief electioneering ploy. Their argument is patently wrong and immoral. It is an argument repeated ad nauseum by Joe Biden and Kamala Harris, as well as their allies in the media. The argument, expressed by Biden, is this: &#8220;220,000 Americans dead&#8230;.Anyone who&#8217;s responsible for that many deaths should not remain as president of the United States of America.&#8221;
But, of course, Trump isn&#8217;t responsible for those deaths. Trump should have spoken sooner about wearing masks; he should have acted with more alacrity in developing testing. But COVID has spread throughout the world, killing hundreds of thousands, and is now spreading nearly unchecked throughout Europe, where lockdowns and masking have been prevalent for months. In fact, Democratic governors praised Trump for giving them the ventilators and personal protective equipment they sought; the White House&#8217;s Operation Warp Speed has accelerated the development of a vaccine in historically unprecedented ways. The hardest-hit states in terms of death per millions were nearly all states with governors who did not follow Trump&#8217;s preferred anti-lockdown policies.
Just as important, Democrats have never provided an alternative plan with regard to COVID. Biden&#8217;s stated plan &#8212; to accelerate a vaccine, to socially distance, to mask more, to create local authority for targeted lockdowns &#8212; is no different from Trump&#8217;s. Biden was holding packed rallies into early March. Democrats have repeatedly condoned or celebrated massive rallies of millions of people during the pandemic, so long as those rallies meet with their political approval.
The narrative that Trump is responsible for COVID&#8217;s death toll, then, is a religious argument, not a factual one. It is reliant on a perverse view of the universe by which Trump is responsible for all evil, a miasmatic orange Satan haunting the land. And, the theory goes, if Trump is excised, COVID will be controlled by someone with a steadier hand.
That&#8217;s nonsense. The pandemic will continue on Nov. 4, no matter who is elected. But so long as Trump is labeled the true scourge, rather than COVID, Trump will pay the political price. And the so-called Party of Science will continue to promote that anti-scientific lie all the way up through Election Day.
More from Ben Shapiro: <a href="https://www.dailywire.com/news/the-media-officially-becomes-the-communications-department-for-joe-biden">The Media Officially Becomes the Communications Department for Joe Biden</a>
The views expressed in this opinion piece are the author&#8217;s own and do not necessarily represent those of The Daily Wire.) 
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Joe Biden Kamala Harris

SHAPIRO: Blaming Trump For COVID Is Dems’ Anti-Fact Religion

2020 Election

COVID-19

Kamala Harris

Until COVID-19 hit, President Donald Trump was on a glide path to reelection. On domestic policy, Trump&#039;s tax and regulatory cuts spurred the economy to

SHAPIRO: Blaming Trump For COVID Is Dems&#039; Anti-Fact Religion

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Weekly jobless claims have dropped to their lowest levels since the early days of the coronavirus pandemic in March, which could bolster President Donald Trump&#8217;s re-election efforts.
&#8220;New filings for jobless claims in the U.S. totaled 787,000 last week, the lowest total since the early days of the coronavirus pandemic,&#8221; <a href="https://www.cnbc.com/2020/10/22/weekly-jobless-claims.html" target="_blank" rel="noopener noreferrer">CNBC reported</a>. &#8220;The total reflected a decline of 55,000 from the downwardly revised 842,000 from the previous week. The last time the weekly claims total was lower was the 282,000 on March 14, just before an avalanche of layoffs that occurred in conjunction with efforts to combat the virus.&#8221;
The report noted that some economists had expected the number to be approximately 90,000 higher. The report added that one reason for the drop was that some workers had moved onto the Pandemic Unemployment Assistance emergency compensation program after they exhausted their regular benefits.
&#8220;In addition to the substantial drop in the headline number, continuing claims also showed another hefty drop,&#8221; CNBC added. &#8220;The level of those getting benefit for at least two weeks dripped by 1.02 million to 8.37 million.&#8221;
Ian Shepherdson, chief economist at Pantheon Macroeconomics, told CNBC in a statement:
<blockquote>We’re happy to see continuing claims fall, but the decline — even allowing for the PEUC/extended benefits effect — does not map one-to-one onto rising payrolls. Some people no longer claiming benefits may have dropped out of the labor force, while some might have taken non-payroll gig or freelance jobs. Moreover, continuing claims lag initial claims, so if initial claims start rising again, continuing claims will follow.</blockquote>
The Department of Labor noted that the advance seasonally adjusted insured unemployment rate had dropped to 5.7 percent, a drop of 0.7 percent from the previous week&#8217;s rate of 6.4 percent.
Labor Sectary Eugene Scalia said that today&#8217;s job numbers represented &#8220;encouraging news about the job market.&#8221;
Scalia added on Twitter, &#8220;We still have millions of Americans to help return to work—but the job market is miles ahead of April forecasts.&#8221;
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
We still have millions of Americans to help return to work—but the job market is miles ahead of April forecasts.
&mdash; Secretary Scalia (@SecGeneScalia) <a href="https://twitter.com/SecGeneScalia/status/1319265760217366529?ref_src=twsrc%5Etfw">October 22, 2020</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&#8220;The number of people receiving benefits through state programs, which cover most workers, has declined in recent weeks to the lowest levels since late March,&#8221; The Wall Street Journal <a href="https://www.wsj.com/articles/weekly-jobless-claims-coronavirus-10-22-2020-11603317268">reported</a>. &#8220;That is consistent with many employers recalling workers furloughed earlier this year, and some, such as online retailers and logistics firms, adding staff.&#8221;
On Monday, SmartAsset <a href="https://www.foxbusiness.com/lifestyle/fastest-growing-job-every-state-2020">published</a> a list of the fastest growing jobs in each state:
<blockquote>
<ul>
<li>Alabama: Meat Packers and Slaughterers (369%)</li>
<li>Alaska: Postsecondary Nursing Instructors and Teachers (250%)</li>
<li>Arizona: Metal and Plastic Multiple Machine Tool Setters, Operators and Tenders (276%)</li>
<li>Arkansas: Interviewers, Except Eligibility Loan (178%)</li>
<li>California: Marriage and Family Therapists (280%)</li>
<li>Colorado: Statisticians (164%)</li>
<li>Connecticut: Manicurists and Pedicurists (149%)</li>
<li>Delaware: Occupational Therapists (140%)</li>
<li>Washington, D.C.: Postsecondary Education Teachers (471%)</li>
<li>Florida: Traffic Technicians (433%)</li>
<li>Georgia: Forest Fire Inspectors and Prevention Specialists (255%)</li>
<li>Hawaii: Dietetic Technicians (283%)</li>
<li>Idaho: Production Worker Helpers (131%)</li>
<li>Illinois: Costume Attendants (286%)</li>
<li>Indiana: Museum Technicians and Conservators (138%)</li>
<li>Iowa: Statisticians (271%)</li>
<li>Kansas: Postsecondary Philosophy and Religion Teachers (625%)</li>
<li>Kentucky: Metal and Plastic Heat Treating Equipment Setters, Operators and Tenders (307%)</li>
<li>Louisiana: Materials Engineer (338%)</li>
<li>Maine: Metal and Plastic Milling and Planing Machine Setters, Operators and Tenders (650%)</li>
<li>Maryland: Bailiffs (315%)</li>
<li>Massachusetts: Costume Attendants (333%)</li>
<li>Michigan: Postsecondary Architecture Teachers (300%)</li>
<li>Minnesota: Avionics Technicians (300%)</li>
<li>Mississippi: Probation Officers and Correctional Treatment Specialists (115%)</li>
<li>Missouri: First-Line Supervisors of Correctional Officers (362%)</li>
<li>Montana: Automotive and Watercraft Service Attendants (178%)</li>
<li>Nebraska: Private Detectives and Investigators (220%)</li>
<li>Nevada: Interpreters and Translators (388%)</li>
<li>New Hampshire: Training and Development Managers (167%)</li>
<li>New Jersey: Highway Maintenance Workers (168%)</li>
<li>New Mexico: Judges, Magistrate Judges and Magistrates (209%)</li>
<li>New York: Financial Examiners (178%)</li>
<li>North Carolina: Fast Food Cooks (182%)</li>
<li>North Dakota: Legislators (210%)</li>
<li>Ohio: Conservation Scientists (141%)</li>
<li>Oklahoma: Interviewers, Except Eligibility and Loan (213%)</li>
<li>Oregon: Electronics Engineers, Except Computer (294%)</li>
<li>Pennsylvania: Postsecondary Health Specialties Teachers (148%)</li>
<li>Rhode Island: Structural Metal Fabricators and Fitters (674%)</li>
<li>South Carolina: Metal and Plastic Forging Machine Setters, Operators and Tenders (404%)</li>
<li>South Dakota: Interpreters and Translators (189%)</li>
<li>Tennessee: Metal and Plastic Multiple Machine Tool Setters, Operators and Tenders (374%)</li>
<li>Texas: Cleaning, Washing and Metal Pickling Equipment Operators and Tenders (174%)</li>
<li>Utah: Statisticians (293%)</li>
<li>Vermont: Separating, Filtering, Clarifying, Precipitating and Still Machine Setters, Operators and Tenders (167%)</li>
<li>Virginia: Community Health Workers (112%)</li>
<li>Washington: Community Health Workers (247%)</li>
<li>West Virginia: Operations Research Analysts (186%)</li>
<li>Wisconsin: Manual Grinding and Polishing Workers (278%)</li>
<li>Wyoming: Merchandise Displayers and Window Trimmers (171%)</li>
</ul>
</blockquote>
This story has been updated to include additional information.
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US-VOTE-TRUMP

Weekly Jobless Claims Drop To Lowest Level Since Early Days Of The Pandemic: Report

Pandemic

Weekly jobless claims have dropped to their lowest levels since the early days of the coronavirus pandemic in March, which could bolster President Donald

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Once again, coronavirus cases continue to rise across the country and in other parts of the world. As winter fast approaches, <a href="https://www.npr.org/sections/health-shots/2020/10/16/924240204/how-bad-will-coronavirus-be-this-winter-model-projects-170-000-more-u-s-deaths">some forecasts</a> predict a dramatic surge in hospitalizations with the U.S. death toll potentially reaching 400,000 by February. As a result, the potential for further lockdowns and increased restrictions loom.
Still, though the novel virus has had an unquestionable impact on our nation, the many restrictions meant to curb the spread of COVID-19 may, ultimately, have far more devastating consequences for years to come as they continue to remain in place without an end in sight. Here are four major factors that detail how the overall response to the pandemic may be causing far more harm than good.
1. “Deaths and diseases of despair” have exponentially risen
Another pandemic in the form of “deaths and diseases of despair” has taken hold since the emergence of the novel coronavirus. Suicide and substance abuse were already reaching <a href="https://www.dailywire.com/news/khan-faith-in-a-dark-time">alarming levels before COVID-19</a>. Now it seems they’re skyrocketing.
“Three factors, already at work,” the <a href="https://wellbeingtrust.org/areas-of-focus/policy-and-advocacy/reports/projected-deaths-of-despair-during-covid-19/">Well Being Trust</a> reported in May of 2020, “are exacerbating deaths of despair: unprecedented economic failure paired with massive unemployment, mandated social isolation for months and possible residual isolation for years, and uncertainty caused by the sudden emergence of a novel, previously unknown microbe.”
The Well Being Trust also projected that “as many as 75,000 more people will die from drug or alcohol misuse and suicide” due to the pandemic in America alone. That number now seems quite conservative given just how the pandemic and the related restrictions have dragged on and affected so many lives.
<a href="https://www.cdc.gov/mmwr/volumes/69/wr/mm6932a1.htm">According to the CDC</a> in June of 2020, “40% of U.S. adults reported struggling with mental health or substance use.” Worse, one in four young Americans between the ages of 18 to 24 has now contemplated suicide during the pandemic.
So much emerging evidence suggests that the collective response to the pandemic is having a far more wide-ranging impact than the virus on our nation. For example, <a href="https://abc6onyourside.com/news/local/overdose-deaths-in-franklin-county-up-by-alarming-73-for-first-half-of-2020-coroner-says">ABC6 reported</a> that Franklin County in Ohio saw a 73% increase in overdose deaths in the initial six months of 2020.
<a href="https://academic.oup.com/qjmed/article/113/10/707/5857612">QJM: An International Journal of Medicine</a> also published an extensive study on the mental health impact the pandemic has had on a global level. Their findings are dire. While alcohol sales in the U.S. rose by 55% and “[o]nline alcohol sales jumped 243%,” QJM also detailed several COVID-19-related suicides around the world:
“[A] 19-year-old waitress in England died in a hospital after a suicide attempt because of fears of the ‘mental health impacts’ of isolation. A 66-year-old man with throat cancer hanged himself in a New York City hospital after testing positive for the coronavirus. A man in Illinois who feared that he and his girlfriend contracted the coronavirus fatally shot his girlfriend and then killed himself.  They tested negative for the coronavirus. A 36-year-old Bangladeshi man killed himself because he and people in his village thought that he was infected with COVID-19 because he had fever and cold symptoms. A postmortem examination showed that he did not have COVID-19. The 49-year-old head of the Emergency Department in a New York City hospital died by suicide after telling her family about the tremendous suffering and death she witnessed while taking care of coronavirus patients.”
In a recent interview for <a href="https://www.youtube.com/watch?v=nxrG4hW3q2s">The Spectator</a>, Sunetra Gupta, an esteemed epidemiologist from the University of Oxford, vehemently argued against any kind of second lockdown, stating that it was a matter of “lives against lives,” referring to the overwhelming mental and physical toll the response to the pandemic has had on countless many.
2. Less treatment and fewer screenings for deadlier illnesses due to COVID-19
The rates at which Americans screen for diseases such as cancer plummeted at the onset of lockdown measures. <a href="https://time.com/5884236/coronavirus-pandemic-cancer-care/">Time reported</a> that “the pandemic led to a roughly 80% drop in routine screening appointments that could catch new cancers in March and April.” Screening remains at a premium, with “60% fewer breast, colon and cervical cancer exams” as of June.
Americans felt compelled to dismiss other serious conditions as a result of the pandemic as well. Medical emergencies were neglected due to both the fear of COVID-19 and the various restrictions put in place. <a href="https://www.cdc.gov/mmwr/volumes/69/wr/mm6925e2.htm">The CDC reported</a> that “the 10 weeks following declaration of the COVID-19 national emergency, ED visits declined 23% for heart attack, 20% for stroke, and 10% for hyperglycemic crisis.”
An extensive piece for <a href="https://www.nejm.org/doi/full/10.1056/NEJMms2009984">The New England Journal of Medicine</a> also details the significant impact the pandemic is having on healthcare outside the scope of the coronavirus.  Zoran Lasic, a cardiologist interviewed for the article, flatly states, “I think the toll on non-Covid patients will be much greater than Covid deaths.”
“Cancer care,” NEJM reports, “which often involves immunosuppressive therapy, tumor resection, and inpatient treatment, has been disproportionately affected by Covid-19… For example, though patients with low-grade lymphoma typically receive maintenance therapy, it will not be recommended for now because it requires an office visit, worsens immunosuppression, and improves progression-free but not overall survival. Other protocol modifications have arisen because of cancellations of elective surgeries. For instance, some patients with solid tumors, such as breast and rectal cancers, are being offered systemic therapy before, rather than after, surgery.”
Also at grave risk are “patients [who] receive therapy in clinical trials, many of which have been paused amid society-wide shutdowns” as well as “patients requiring bone marrow transplants, given their high risk of infection and potential need for ICU care.” The threat of more lockdowns this winter could make this a stark reality for cancer patients once again.
3. The socioeconomic toll
<a href="https://www.dailywire.com/news/watch-pelosi-comes-unglued-when-cnn-presses-her-on-stimulus-bill">As many in Washington continue</a> to put politics far ahead of the American people, poverty, hunger, and unemployment are fast becoming a mainstay. An assortment of pandemic restrictions remains in place all across the nation, disallowing the economy to fully function and return to some sense of normalcy.
“The number of poor people has <a href="https://www.povertycenter.columbia.edu/news-internal/2020/covid-projecting-monthly-poverty">grown by eight million</a> since May, according to researchers at Columbia University,” <a href="https://www.nytimes.com/2020/10/15/us/politics/federal-aid-poverty-levels.html">The New York Times recently reported</a>, “after falling by four million at the pandemic’s start as a result of a $2 trillion emergency package known as the Cares Act.”
Unemployment remains a primary concern as “886,000 people filed new claims for unemployment benefits last week, an increase of…9.5 percent, from the previous week.” Even more foreboding is that “the economy is showing new signs of deceleration, amid layoffs, a surge in coronavirus cases and deadlocked talks in Washington over new stimulus.”
The risk of suicide also increases by almost threefold due to unemployment compounding the already high risk in the pandemic, according to the <a href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1732539/">Journal of Epidemiology and Public Health</a>.
Writing for <a href="https://www.city-journal.org/lockdowns-must-end">City Journal</a>, Jonathan Tierney considers the pandemic lockdowns a “failed experiment” leading to untold socioeconomic consequences with little to no effect on the scope of the disease itself:
“[I]t’s not clear that the lockdowns have brought significant health benefits beyond what was achieved by people’s voluntary social distancing and other actions. Some researchers have credited lockdowns with slowing the pandemic, but they’ve relied on mathematical models with assumptions about people’s behavior and the virus’s tendency to spread—the kinds of models and assumptions that previously produced wild overestimates of how many people would die during the pandemic. Other researchers have sought more direct evidence, looking at mortality patterns. They have detected little impact.”
Though “the economic and social costs have been enormous,” Tierney argues, there remains a dearth of evidence to suggest that the introduction of strict social measures including shuttering businesses nationwide mitigated the deadly spread of the virus. As a result, little “ethical justification” exists to either continue such measures or, worse, return to such restrictions even amid spikes in case counts.
4. Leading epidemiologists are now pushing back against the continued restrictions
The beginning of the pandemic saw lauded Stanford epidemiologist John Ioannidis take a contrarian position toward both the scope of the pandemic and the lockdown measures he deemed excessive, in part, for their prolonged duration. Though <a href="https://www.theatlantic.com/magazine/archive/2010/11/lies-damned-lies-and-medical-science/308269/">The Atlantic</a> hailed him as “one of the most influential scientists alive” in 2010 and someone who was known for “exposing…bad science,” Ioannidis was raked across the coals by both the media and the scientific community at large for holding such a counternarrative position.
Now three more leading epidemiologists from Oxford, Stanford, and Harvard have emerged to voice dismay over the lockdowns and continued pandemic restrictions. <a href="https://unherd.com/author/sunetra-gupta/">Sunetra Gupta</a>, <a href="https://unherd.com/author/jay-bhattacharya/">Jay Bhattacharya</a>, and <a href="https://unherd.com/author/martin-kulldorff/">Martin Kulldorff</a> have composed the <a href="https://gbdeclaration.org/">Great Barrington Declaration</a> to voice “grave concerns about the damaging physical and mental health impacts of the prevailing COVID-19 policies.”
The epidemiologists are non-partisan and root their arguments in scientific rigor:
“Coming from both the left and right, and around the world,” they write in the Great Barrington Declaration, “we have devoted our careers to protecting people. Current lockdown policies are producing devastating effects on short and long-term public health. The results (to name a few) include lower childhood vaccination rates, worsening cardiovascular disease outcomes, fewer cancer screenings and deteriorating mental health – leading to greater excess mortality in years to come, with the working class and younger members of society carrying the heaviest burden.”
They argue for the compelling need to achieve herd immunity and, as Dr. Gupta puts it in a recent interview, “endemic equilibrium” wherein the spread of the coronavirus stabilizes in a manner similar to the common flu. “Lockdown simply delays things. It doesn’t solve the problem at all,” Dr. Gupta told <a href="https://www.youtube.com/watch?v=nxrG4hW3q2s">The Spectator</a>.
The Great Barrington Declaration attempts to strike a reasoned balance between addressing the pandemic as well as the tragic consequences the overwrought response has thrust upon all of us: The three renowned epidemiologists insist that “[t]he most compassionate approach that balances the risks and benefits of reaching herd immunity, is to allow those who are at minimal risk of death to live their lives normally to build up immunity to the virus through natural infection, while better protecting those who are at highest risk.”
The views expressed in this opinion piece are the author&#8217;s own and do not necessarily represent those of The Daily Wire.
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UK On Lockdown Due To Coronavirus Pandemic

4 Factors Suggest COVID-19 Lockdowns & Restrictions Have Caused More Harm Than Good

Once again, coronavirus cases continue to rise across the country and in other parts of the world. As winter fast approaches, some forecasts predict a

4 Factors Suggest COVID-19 Lockdowns &amp; Restrictions Have Caused More Harm Than Good

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Democrat presidential nominee Joe Biden said during an interview on Monday that the 56% of Americans who say that they are better off now than four years ago &#8220;probably shouldn&#8217;t&#8221; vote for him, adding that they have &#8220;memory&#8221; problems.
&#8220;Gallup, in a survey between Sept. 14-28, found that 56% of registered voters said they were better off than they were four years ago, while just 32 percent said they were worse off,&#8221; Fox News <a href="https://www.foxnews.com/politics/majority-of-voters-better-off-than-in-2016-poll">reported</a>. &#8220;This is in spite of the coronavirus pandemic, which has also led to an economic downturn and a number of pandemic-related restrictions for businesses and schools across the country. But it suggests that voters still have a strong economy that carried through the majority of Trump’s term in mind.&#8221;
Biden was asked about the results from the poll during an interview with WKRC-TV in Cincinnati.
&#8220;Gallup reported last week 56% of Americans said they were better off today than they were four years ago—would’ve been under the Obama-Biden administration,&#8221; the reporter said to Biden. &#8220;So why should people who feel they are better off today, under the Trump administration, vote for you?&#8221;
Biden responded, &#8220;Well, if they think that, they probably shouldn&#8217;t.&#8221;
&#8220;They think 54% [sic] percent of the Americans are better off economically today than they were under our administration?&#8221; Biden asked. &#8220;Well, their memory is not very good, quite frankly.&#8221;
&#8220;And in addition to that, we have a president who doesn&#8217;t share the values of most Americans,&#8221; Biden claimed. &#8220;He&#8217;s not very honest with people. He is flouting the conventions relative to public safety in terms even now not wearing a mask.&#8221;
WATCH:
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Biden says 56 percent of Americans shouldn’t vote for him because they think they’re doing better under Trump. <a href="https://t.co/w3fK1jZi6o">pic.twitter.com/w3fK1jZi6o</a>
&mdash; Ian Miles Cheong (@stillgray) <a href="https://twitter.com/stillgray/status/1315855276612878336?ref_src=twsrc%5Etfw">October 13, 2020</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The poll results are a good sign for the Trump campaign as the economy is the top issue for voters in this election, according to polling.
&#8220;With the country in the midst of a recession, nearly eight-in-ten registered voters (79%) say the economy will be very important to them in making their decision about who to vote for in the 2020 presidential election – the top issue of 12 included in the survey,&#8221; Pew Research Center <a href="https://www.pewresearch.org/politics/2020/08/13/important-issues-in-the-2020-election/">reported</a>. &#8220;The economy is consistently a top voting issue. In a survey asking a similar, though not identical, list of issues in June 2016, the economy also was the top voting issue.&#8221;
According to <a href="https://www.forbes.com/sites/andrewsolender/2020/05/15/all-the-times-joe-biden-told-people-not-to-vote-for-him/#291de19b6292">Forbes</a>, Biden has repeatedly told voters not to vote for him, including the following times during his current campaign:
<blockquote>
<ul>
<li class="timeline-element animate-line">August 24, 2019—Biden, 77, responded to voters’ <a class="color-link" title="https://www.nytimes.com/2019/07/29/us/politics/joe-biden-age.html" href="https://www.nytimes.com/2019/07/29/us/politics/joe-biden-age.html" target="_blank" rel="nofollow noopener noreferrer" data-ga-track="ExternalLink:https://www.nytimes.com/2019/07/29/us/politics/joe-biden-age.html" aria-label="concerns">concerns</a> about his age by <a class="color-link" title="https://www.foxnews.com/politics/biden-reportedly-tells-voters-not-to-vote-for-him-if-theyre-concerned-about-his-age" href="https://www.foxnews.com/politics/biden-reportedly-tells-voters-not-to-vote-for-him-if-theyre-concerned-about-his-age" target="_blank" rel="nofollow noopener noreferrer" data-ga-track="ExternalLink:https://www.foxnews.com/politics/biden-reportedly-tells-voters-not-to-vote-for-him-if-theyre-concerned-about-his-age" aria-label="declaring">declaring</a>, “I say if they&#8217;re concerned, don&#8217;t vote for me,&#8221; to a group of reporters in Keene, N.H.</li>
<li class="timeline-element animate-line">November 22, 2019—When Carlos Rojas, an immigration activist, <a class="color-link" title="https://www.usatoday.com/story/news/politics/elections/2019/11/22/joe-biden-tells-immigration-activist-you-should-vote-trump/4273814002/" href="https://www.usatoday.com/story/news/politics/elections/2019/11/22/joe-biden-tells-immigration-activist-you-should-vote-trump/4273814002/" target="_blank" rel="nofollow noopener noreferrer" data-ga-track="ExternalLink:https://www.usatoday.com/story/news/politics/elections/2019/11/22/joe-biden-tells-immigration-activist-you-should-vote-trump/4273814002/" aria-label="pressed">pressed</a> Biden at an event in South Carolina on the issue of deportations during the Obama administration, Biden told Rojas, “you should vote for Trump.”</li>
<li class="timeline-element animate-line">January 29, 2020—Environmental activist Ed Fallon <a class="color-link" title="https://www.kcci.com/article/biden-tells-des-moines-activist-vote-for-someone-else/30705659" href="https://www.kcci.com/article/biden-tells-des-moines-activist-vote-for-someone-else/30705659" target="_blank" rel="nofollow noopener noreferrer" data-ga-track="ExternalLink:https://www.kcci.com/article/biden-tells-des-moines-activist-vote-for-someone-else/30705659" aria-label="confronted">confronted</a> Biden on his climate positions, and Biden responded, &#8220;you have to go vote for someone else. You&#8217;re not going to vote for me in the primary.&#8221;</li>
<li class="timeline-element">May 14, 2020—Biden <a class="color-link" title="https://www.nytimes.com/2020/05/14/us/politics/joe-biden-tara-reade.html" href="https://www.nytimes.com/2020/05/14/us/politics/joe-biden-tara-reade.html" target="_blank" rel="nofollow noopener noreferrer" data-ga-track="ExternalLink:https://www.nytimes.com/2020/05/14/us/politics/joe-biden-tara-reade.html" aria-label="said">said</a> in an MSNBC interview that voters who believe Tara Reade’s allegation that he sexually assaulted her in 1993 “probably shouldn’t vote for me” and should instead “vote their heart,” adding “I wouldn’t vote for me if I believed Tara Reade.”</li>
</ul>
</blockquote>
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US-VOTE-BIDEN

Biden On 56% Of Americans Saying They’re Better Off Now Than 4 Years Ago: They ‘Probably Shouldn’t’ Vote For Me

Democrat presidential nominee Joe Biden said during an interview on Monday that the 56% of Americans who say that they are better off now than four years

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Ever since President Donald Trump and Republicans passed historic tax cuts, Democrats have been promising to repeal them if elected back into office. Now the party has changed its tune, at least a little.
Democrats now say they won’t immediately inflict tax hikes on the American people should Democratic nominee Joe Biden win the White House and Democrats retake the Senate. Instead, they’ll wait to raise taxes on the so-called wealthy (the base range for who is considered a “wealthy” individual sometimes ensnares middle-class families in expensive states like California and New York) and corporations until after the economy has recovered from the coronavirus recession, The Hill <a href="https://thehill.com/homenews/senate/516417-democrats-back-away-from-quick-reversal-of-trump-tax-cuts">reported</a>.
“Instead, the priority will be on spending to create jobs and raise wages, investments in green technology and infrastructure and a national plan to contain the coronavirus pandemic,” the outlet reported. “Some of those stimulus and relief bills could include tax incentives for clean energy infrastructure and strengthening the nation’s supply chain and domestic manufacturing base. Tax relief in the form of child tax credits and earned income tax credits for lower- and middle-income families are also on the table.”
Democrats have changed their rhetoric as polls continue to show that even though Biden leads Trump nationally, the current president is getting higher marks on his handling of the economy.
“I think we ought to make the decision when we have a better sense of where the economy is going,” Sen. Dianne Feinstein (D-CA) told the outlet.
“We have so much on our plate. We’ve got to deal with COVID and testing,” said Sen. Debbie Stabenow (D-MI). “We need to put in place a whole thing to get our arms around the virus and a recovery act.”
“I’m sure a tax piece will be in there somewhere, but No. 1 priority will be COVID,” Stabenow added.
She also told The Hill she had “no idea” when Democrats would increase taxes should they retake control of the White House and Senate.
More from The Hill:
<blockquote>Sen. Richard Blumenthal (D-Conn.) said Democrats will need to “balance” the need to raise revenues with the overall health of the economy, which has slowed dramatically as a result of the pandemic.
“I think a tax bill can be made effective at a time when we think the economy will be sufficiently robust that some increase in taxes will have no detrimental effect,” he said.
Sen. <a href="https://thehill.com/people/christopher-coons">Chris Coons</a> (D-Del.), a prominent Biden ally, laughed out loud when asked what the Democratic plan for tax reform is next year.
“Look, if Joe Biden is successful in being elected the next president it will be because we’re in the middle of three crises at the same time: a pandemic, a recession and a renewed focus on racial inequality.”
“He will have the challenge and the mandate to address some of those,” he said.</blockquote>
Other Democrats, however, including Sens. Elizabeth Warren (D-MA) and Bernie Sanders (I-VT), want the party to increase taxes immediately if they take control of the White House and Senate.
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Democrats No Longer Promising To Raise Taxes Immediately After Election

Democratic Party

Taxes

Ever since President Donald Trump and Republicans passed historic tax cuts, Democrats have been promising to repeal them if elected back into office. Now

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As the economic toll from the pandemic grows, so do the uncertainties regarding just how we plan to move forward as a nation. COVID-19 has severely slowed down many sectors of our economy while grinding others to a near halt. Worse, what should be an entirely data-driven response to a global health crisis has devolved into an opportunity for seemingly endless political maneuvering and virtue-signaling. Behind all the smoke and mirrors, the impact on the economy remains very real and may prove even more costly down the road. Below are five ways the pandemic has severely impacted our economy.
1. Small businesses continue to bear the brunt of the pandemic 
According to an initial study for the <a href="https://www.pnas.org/content/117/30/17656">Proceedings of the National Academy of Sciences</a> done before the CARES Act was implemented, Covid-19 was expected to create a “major economic shock” affecting small businesses in an unprecedented manner. Almost half of all small businesses across the nation were forced to temporarily close during the pandemic. Even with subsequent federal aid, the study proved quite prescient. The CARES Act seems to have only prolonged the inevitable as various pandemic restrictions remain in place all across the nation:
“Across the full sample, 43% of businesses had temporarily closed, and nearly all of these closures were due to COVID-19. Respondents that had temporarily closed largely pointed to reductions in demand and employee health concerns as the reasons for closure, with disruptions in the supply chain being less of a factor. On average, the businesses reported having reduced their active employment by 39% since January. The decline was particularly sharp in the Mid-Atlantic region (which includes New York City), where 54% of firms were closed and employment was down by 47%. Impacts also varied across industries, with retail, arts and entertainment, personal services, food services, and hospitality businesses all reporting employment declines exceeding 50%&#8230;”
The findings of the study also indicate just how significant the duration of the lockdown could impact small businesses. If pandemic restrictions continue to stay in place, many businesses may still to go under by the end of 2020 with or without federal assistance:
“The crisis duration plays a central role in the total potential impact. For a crisis lasting 4 mo instead of 1 mo, only 47% of businesses expected to be open in December compared to 72% under the shorter duration. There is also considerable heterogeneity in how sensitive businesses are to the crisis. In-person industries like personal services or retail reported worse prospects for riding out the pandemic than professional services or other sectors with minimal need for face-to-face contact.”
And now with no further federal relief in sight, the initial CARES Act may have only temporarily halted the seismic impact the pandemic has had on small businesses. A survey done by the <a href="https://www.nfib.com/content/press-release/economy/one-in-five-small-businesses-say-they-will-have-to-close-their-doors-if-economic-conditions-dont-improve-in-next-six-months/">National Federation of Independent Business</a>reports “Most PPP borrowers (84%) have now used their entire loan, up from 71% in July,” meaning much of the initial federal aid has run out for many small businesses, leaving them in dire straits.
2. Minority-owned businesses hardest hit
Other studies suggest race also plays a major factor in how the pandemic restrictions have affected small businesses. A recent study for <a href="https://www.nber.org/papers/w27462">The National Bureau of Economic Research</a> reports that black-owned businesses continue to be hit the hardest:
“African-American business owners were hit the hardest by COVID-19. The first estimates from April 2020 for black business owners in the United States indicate a massive drop of 41 percent in business activity. Black business owners were also disproportionately negatively affected in May and June relative to national levels with declines in business activity of 26 percent and 19 percent, respectively. Simulations indicate that the industry distribution of blacks was partly responsible, placing black business owners at greater risk of losses in business activity due to the pandemic.”
3. The consequences of massive unemployment
High unemployment numbers continue to stagger the economy and any hope for recovery as the response to the pandemic remains mired in vexing uncertainties.
Responding to the latest unemployment numbers, <a href="https://www.nationalreview.com/news/weekly-jobless-claims-higher-than-expected-at-884000/">National Review</a> recently reported, “The week’s filings still sit well above the pre-pandemic record of 695,000 claims in a single week and the Great Recession’s high of 665,000, showing the ongoing economic impact of the coronavirus pandemic, even as the virus has waned in many areas nationwide.”
Unemployment may also impact public health to a far greater degree than the current pandemic if these current jobless rates remain in place for the foreseeable future.
Writing for <a href="https://www.city-journal.org/covid-economy-jobs">City Journal</a>, Allison Schrager offered the following worrisome insights:
“Numerous studies have shown that having a job is essential, beyond the obvious need to earn money to sustain life. Unemployment harms mental health. The lack of social contact and status, of a sense of control and routine, lead to anxiety and depression. The damage can be long-lasting if unemployment goes on for many months. In 2015, the Centers for Disease Control warned that high unemployment was a public-health problem, though the CDC has been silent on the health impact of mass unemployment in recent months. A study of teenagers estimated that summer jobs lead to lower rates of crime, violent crime, incarceration, and even premature death. Historically, prolonged large-scale unemployment has led to political crisis, and even revolution.”
A 2003 study published in the <a href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1732539/">Journal of Epidemiology and Public Health</a> bolsters Schrager’s argument concluding, “Being unemployed was associated with a twofold to threefold increased relative risk of death by suicide, compared with being employed.”
4. Protests and riots
It seems reasonable to assert that the seemingly endless series of protests and riots across the nation may not have been as prolonged or destructive had the pandemic restrictions not dragged on, forcing the economy into a near standstill and causing unemployment to skyrocket. The riots have, in turn, deepened the economic woes of many communities, particularly minority communities.
Not only did the tremendous unemployment galvanize many to protest given the restlessness and free time the lockdowns afforded, in some instances, the CARES Act may have, essentially, paid individuals to take to the streets. That, at least, is what Senator Ron Johnson (R-WI) surmised in a recent interview, according to the <a href="https://www.jsonline.com/story/news/politics/2020/09/08/ron-johnson-suggests-cares-act-may-funding-kenosha-instigators/5751074002/">Milwaukee Sentinal Journal</a>:
“’You can’t continue to riot for 100 days without having some sort of financial support,’ he said. ‘Possibly, some of our unemployment insurance in the CARES Act might be funding some of these people.’”
Certainly, unemployment, particularly among black Americans, seems to be a contributing factor to the ongoing protests fueling so many to take to the streets repeatedly, <a href="https://www.washingtonpost.com/business/2020/06/01/coronavirus-impact-black-communities-protests/">The Washington Post</a> suggests:
“In Washington, D.C., where protesters <a href="https://www.washingtonpost.com/local/dc-braces-for-third-day-of-protests-and-clashes-over-death-of-george-floyd/2020/05/31/589471a4-a33b-11ea-b473-04905b1af82b_story.html?itid=lk_inline_manual_4">set fire to American flags and a historic church</a> near the White House, the percentage of out-of-work black residents outpaces white residents <a href="https://www.washingtonpost.com/local/the-districts-economy-is-booming-but-many-black-washingtonians-have-been-left-out-study-finds/2020/02/10/180cfe0a-49c5-11ea-bdbf-1dfb23249293_story.html?itid=lk_inline_manual_4">at a rate of about 6 to 1.</a> African American households have struggled more economically than the median household nationwide, even when unemployment was at single-digit historic lows. Now, months into the novel <a href="https://www.washingtonpost.com/health/2020/02/28/what-you-need-know-about-coronavirus/?itid=lk_inline_manual_5">coronavirus</a> pandemic that has rendered 40 million people jobless, African Americans have lost jobs at higher rates in many communities.”
<a href="https://www.nbcnews.com/politics/politics-news/perfect-storm-coronavirus-lockdown-joblessness-fuel-longstanding-grievances-n1222546">NBC News</a> also described the huge uptick in unemployment due to nationwide lockdowns and the current protests as a “perfect storm”:
“<a href="https://www.nbcnews.com/business/economy/around-1-8-million-americans-lost-their-job-last-week-n1224611">With roughly 40 million </a>people <a href="https://www.nbcnews.com/business/economy/new-weekly-figures-show-almost-40-million-people-lost-their-n1211886">out of work</a> in the U.S, and schools and activities shut down with a preceding three months that for many meant near total lockdown of their lives in New York City and elsewhere, the protests have been able to gain incredible momentum, especially among young people.”
5. Uncertainty slowing recovery
As much as the markets have rallied quite a bit in recent weeks with <a href="https://www.merrilledge.com/article/latest-updates-stock-market-volatility">far less volatility</a> than in prior months, other sectors of the economy continue to lag under the current pandemic. A study from the <a href="https://carsey.unh.edu/COVID-19-Economic-Impact-By-State">Carson School of Public Policy</a> insists “there is no path to economic recovery that isn’t presaged by a health recovery,” arguing that we will suffer a continued protracted response:
“Even in the best of circumstances, problems will certainly linger as some industries continue to face substantial headwinds and begin the recovery process significantly weakened. Until the risks of COVID-19 decline significantly, limitations on human contact such as social distancing, and understandable reluctance by consumers to resume all normal activities, will impinge on the operations of many industries. These will be a drag on the economy more broadly. Lower employment and reduced activity in any industry have spillover into other industries as economic demand is weakened. In addition, many employers will be depleted or have ceased operations, and it will take some time to fully recover…How pronounced it will be is the critical economic question for coming months and years.”
Still, the notion of remaining at the capricious mercy of COVID-19 and political leaders doesn’t sit well for many Americans, especially after so much has been sacrificed already by way of jobs, businesses, and social unrest.
In his piece for the <a href="https://www.wsj.com/articles/covid-lockdowns-economy-pandemic-recession-business-shutdown-sweden-coronavirus-11598281419">Wall Street Journal</a>, Greg Ip offers a more measured approach that may safeguard the economy from further calamity after months of heavy-handed restrictions:
“Five months later, the evidence suggests lockdowns were an overly blunt and economically costly tool. They are politically difficult to keep in place for long enough to stamp out the virus. The evidence also points to alternative strategies that could slow the spread of the epidemic at much less cost. As cases flare up throughout the U.S., some experts are urging policy makers to pursue these more targeted restrictions and interventions rather than another crippling round of lockdowns.
“The experience of the past five months suggests the need for an alternative: Rather than lockdowns, using only those measures proven to maximize lives saved while minimizing economic and social disruption. Social distancing policies, for instance, can take into account widely varying risks by age. The virus is especially deadly for the elderly. Nursing homes account for 0.6% of the population but 45% of Covid fatalities, says the Foundation for Research on Equal Opportunity, a free market think tank. Better isolating those residents would have saved many lives at little economic cost, it says.”
Ip also argues that masks may be an integral part of both reducing the spread of the novel coronavirus and allowing the economy to recover in full, stating, “Masks may be the most cost-effective intervention of all.”
While it may be more of a correlative value rather than a causal one, Ip does provide evidence for the merits of masks, citing a German study:
“The German city of Jena in early April ordered residents to wear masks in public places, public transit and at work. Soon afterward, infections came to a halt. Comparing it to similar cities,<a href="https://archive.is/o/OJbDL/ftp.iza.org/dp13319.pdf"> a study for the IZA Institute of Labor Economics</a>estimated masks reduced the growth of infections by 40% to 60%. Klaus Wälde, one of the authors, said nationwide mask-wearing is helping the German economy return to normal while keeping infections low.”
Much of the current economic forecast seems clouded by endless political handwringing and politically motivated messaging. Still, while there have been severe consequences to the economy as a result of the pandemic, there remains some measured hope for recovery as we attempt to move forward — though it may be predicated on all of us, finally, coming together as a nation.
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The Consequences of Covid-19: 5 Ways It’s Impacted Our Economy

As the economic toll from the pandemic grows, so do the uncertainties regarding just how we plan to move forward as a nation. COVID-19 has severely slowed

https://www.dailywire.com/news/the-consequences-of-covid-19-5-ways-its-impacted-our-economy/

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Multiple crises have converged on our country, significantly impacting all of us. The current pandemic drags on. The economy is trying to come back but is precarious and sluggish. Jobs are increasingly scarce. Many small businesses are going under. Protests and riots are literally leaving cities in flames as the divisions in our nation grow into seemingly unbridgeable chasms. The quiet despairs that hound so many on an individual level have not gone away either. <a href="https://www.dailywire.com/news/khan-is-america-suffering-a-mental-health-crisis-or-a-moral-crisis">Addiction and suicide</a> remain epidemics in their own right. While many are struggling to maintain optimism in this difficult moment, here are some fundamental aspects of perseverance that can deepen our resolve to move forward toward better times.
An abiding sense of faith
Some dismiss religious faith as antiquated or, worse, destructive, but the reality is the wisdom and solace faith offers, particularly in our times of need, remain immeasurable. Research done at the <a href="https://www.mayoclinicproceedings.org/article/S0025-6196(11)62799-7/pdf">Mayo Clinic</a> offered the following evidence regarding the profound benefits of religious faith:
“Most studies have shown that religious involvement and spirituality are associated with better health outcomes, including greater longevity, coping skills, and health-related quality of life (even during terminal illness) and less anxiety, depression, and suicide. Several studies have shown that addressing the spiritual needs of the patient may enhance recovery from illness.”
Up until the last century, mental health was largely the domain of religion. Mood disorders such as anxiety and depression were once largely considered spiritual maladies. A study co-sponsored by <a href="https://www.hindawi.com/journals/isrn/2012/278730/#B2">Duke University</a> on the clinical aspects of religion in relation to health and wellbeing elaborates on this fact. Interestingly enough, the study also argues that the trend toward secular treatments may have contributed to a rise in patient abuse:
“Care for those with mental health problems in the West also had its roots within monasteries and religious communities. In 1247, the Priory of St. Mary of Bethlehem was built in London on the Thames River. Originally designed to house ‘distracted people,’ this was Europe’s (and perhaps the world’s) first mental hospital. In 1547, however, St. Mary’s was torn down and replaced by Bethlehem or Bethlem Hospital. Over the years, as secular authorities took control over the institution, the hospital became famous for its inhumane treatment of the mentally ill, who were often chained, dunked in water, or beaten as necessary to control them. In later years, an admission fee (2 pence) was charged to the general public to observe the patients abusing themselves or other patients. The hospital eventually became known as ‘bedlam’ (from which comes the word used today to indicate a state of confusion and disarray).”
With the onset of psychoanalysis in the twentieth century and its tremendous bias against religion, faith took on an increasingly diminished role as a remedy toward relieving mental illnesses and mood disorders.
The schism between faith and psychiatry “was encouraged by…Sigmund Freud. After being ‘introduced’ to the neurotic and hysterical aspects of religion by the famous French neurologist Jean Charcot in the mid-1880s, Freud began to emphasize this in a widely read series of publications from 1907 through his death in 1939.”
Regardless, the beneficial aspects of faith have seen a resurgence across a broad spectrum of disciplines including healthcare, according to the <a href="https://www.hindawi.com/journals/isrn/2012/278730/#B2">Duke study</a>:
“Despite the negative views and opinions held by many mental health professionals, research examining religion, spirituality, and health has been rapidly expanding — and most of it is occurring outside the field of psychiatry. This research is being published in journals from a wide range of disciplines, including those in medicine, nursing, physical and occupational therapy, social work, public health, sociology, psychology, religion, spirituality, pastoral care, chaplain, population studies, and even in economics and law journals.”
Aside from empirical proof that so many demand these days to rationalize any modicum of faith, philosophy and literature have often expounded upon the imperative role faith ought to have in our fleeting, often arduous time on earth.
C.S. Lewis famously described faith as &#8220;the art of holding onto things in spite of your changing moods and circumstances.&#8221;  Maintaining faith, he said, requires continual renewal of the mind. &#8220;We have to be continually reminded of what we believe. Neither this belief nor any other will automatically remain alive in the mind,&#8221; he said. &#8220;It must be fed.&#8221;
In what some consider <a href="https://thechristianreview.com/why-the-brothers-karamazov-is-the-greatest-novel-of-all-time/">the greatest novel ever written</a> as well as the grand summation of his own religious journey, the Russian novelist and philosopher Fyodor Dostoevsky insists on the imperative role of faith in “The Brothers Karamazov”:
“Much on earth is concealed from us, but in place of it we have been granted a secret, mysterious sense of our living bond with the other world, with the higher heavenly world, and the roots of our thoughts and feelings are not here but in other worlds. That is why philosophers say it is impossible on earth to conceive the essence of things. God took seeds from other worlds and sowed them on this earth, and raised up his garden; and everything that could sprout sprouted, but it lives and grows only through its sense of being in touch with other mysterious worlds; if this sense is weakened or destroyed in you, that which has grown up in you dies. Then you become indifferent to life, and even come to hate it.”
Fortitude shields us against many hardships
“Patience and fortitude conquer all things,” Ralph Waldo Emerson famously said. In many respects, fortitude is, at root, the art of suffering well. One imagines Sisyphus laboring up the mountain for all eternity not as punishment from the gods but as a fundamental source of meaning and purpose.
Even the French philosopher Albert Camus, with all his bleak and myopic exhortations on life as inherently “absurd,” could not help but find meaning in suffering. In “<a href="https://www2.hawaii.edu/~freeman/courses/phil360/16.%20Myth%20of%20Sisyphus.pdf">The Myth of Sisyphus</a>,” Camus wrote:
“But Sisyphus teaches the higher fidelity that negates the gods and raises rocks. He too concludes that all is well…Each atom of that stone, each mineral flake of that night filled mountain, in itself forms a world. The struggle itself toward the heights is enough to fill a man’s heart. One must imagine Sisyphus happy.”
A <a href="https://www.researchgate.net/publication/331603591_Development_and_Validation_of_a_Measure_of_Spiritual_Fortitude">recent study</a> published in association with the American Psychological Association defines fortitude as “a character trait enabling people to endure and make redemptive meaning from adversity through their sacred connections with God, others, and themselves.”
Jamie Aten, one of the authors of the study, elaborates on fortitude as a decidedly religious trait in a piece for <a href="https://religionnews.com/2019/12/09/the-new-science-of-spiritual-fortitude-the-key-to-enduring-faith/">Religion News Service</a>:
“Though new to <a href="https://www.psychologytoday.com/us/blog/hope-resilience/201901/resilience-and-spiritual-fortitude">empirical psychological science</a>, fortitude is not a new concept. The church has long taught fortitude as the virtue of adversity and named it as one of the biblical fruits of the spirit, in the phrase Paul uses in <a href="https://www.biblegateway.com/passage/?search=Galatians+5%3A22-25&amp;version=NRSV">Galatians</a>. Thomas Aquinas <a href="http://www.newadvent.org/cathen/14663b.htm">defined</a> fortitude as an act of ‘brave endurance.’ Within the Christian tradition, fortitude is commonly associated with pursuing good in the face of fear and hardship, which we also found evidence of. Spiritual fortitude also…allowed the sufferer to think of others. ‘Spiritual fortitude may foster right actions on the behalf of others for the greater good and not personal gain despite adversity,’ he wrote. Fortitude has also been characterized as ‘<a href="https://books.google.com/books?id=BeUsAAAAYAAJ&amp;pg=PA113&amp;lpg=PA113&amp;dq=locke+fortitude+guard+and+support+of+the+other+virtues+source&amp;source=bl&amp;ots=R9FrIj9leZ&amp;sig=ACfU3U1XAkBC_-n7njzuO8e7hSi5ZR-txw&amp;hl=en&amp;sa=X&amp;ved=2ahUKEwif18iWm7_lAhUBWa0KHZmUAEoQ6AEwBXoECAkQAQ#v=onepage&amp;q=locke%20fortitude%20guard%20and%20support%20of%20the%20other%20virtues%20source&amp;f=false">the guard and support of the other virtues.</a>’ Our findings support this characterization of spiritual fortitude as a ‘guard.’ Results indicated spiritual fortitude may not only help protect character strengths but may actually provide practices for making use of one’s suffering.”
Perhaps the most eloquent and profound insights on fortitude, particularly in relation to suffering, reside in Viktor Frankl’s masterful work, “Man’s Search for Meaning.” Frankl recounts the unimaginable horrors he endured in the Holocaust:
“We who lived in concentration camps can remember the men who walked through the huts, comforting others, giving away their last piece of bread. They may have been few in number but they offer sufficient proof that everything can be taken from a man but one thing: the last of the human freedoms – to choose one’s attitude in any given set of circumstances, to choose one’s own way.”
Though often difficult or even impossible to recognize at times, Frankl insists throughout his work that meaning is inherent to suffering and, together, fortify our spiritual existence, allowing us to transcend any hardship:
“If there is a meaning in life at all, then there must be a meaning in suffering. Suffering is an eradicable part of life, even as fate and death. Without suffering and death, human life cannot be complete. I became acquainted with those martyrs whose behavior in camp, whose suffering and death, bore witness to the fact that the last inner freedom cannot be lost…It is this spiritual freedom — which cannot be taken away — that makes life meaningful and purposeful.”
Morality and sacrifice
Morality offers us a compass to help us navigate through all the darkness and fog inside and outside ourselves. It gently tasks us with the responsibility to rise to any occasion rather than succumb to it. It shapes our character into who we are and, more importantly, who we ought to be, particularly, in relation to the many hardships we endure as individuals and as a society.  “Character is destiny,” as Heraclitus said.
In a recent essay on what makes people resilient in the face of hardships, <a href="https://www.nytimes.com/2020/06/18/health/resilience-relationships-trauma.html">The New York Times</a> offered the following insights on morality and selflessness:
“Interviews with large numbers of highly resilient individuals — those who have experienced a great deal of adversity and have come through it successfully — show they share the following characteristics:
<ul>
<li>They have a moral compass. Highly resilient people have a solid sense of what they consider right and wrong, and it tends to guide their decisions.</li>
<li>They have a belief in something greater than themselves. This is often found through religious or spiritual practices. The community support that comes from being part of a religion also enhances resilience.</li>
<li>They are altruistic; they have a concern for others and a degree of selflessness. They are often dedicated to causes they find meaningful and that give them a sense of purpose.”</li>
</ul>
In his seminal work, “The Varieties of Religious Experience,” William James argued that when morality is shaped by religious faith, selflessness and sacrifice reach their highest potential:
“When all is said and done, we are in the end absolutely dependent on the universe; and into sacrifices and surrenders of some sort, deliberately looked at and accepted, we are drawn and pressed as into our only permanent positions of repose. Now in those states of mind which fall short of religion, the surrender is submitted to as an imposition of necessity, and the sacrifice is undergone at the very best without complaint. In the religious life, on the contrary, surrender and sacrifice are positively espoused: even unnecessary givings-up are added in order that the happiness may increase. Religion thus makes easy and felicitous what in any case is necessary.”
Though theories on morality and social contracts abound in much of philosophy and the social sciences — from Thomas Hobbes’ “Leviathan” to John Rawl’s “Theory of Justice — morality need not be some obtuse and vexing endeavor.
In fact, one could argue that the highest forms of morality and character are often the simplest. <a href="https://iep.utm.edu/goldrule/">The Golden Rule</a>, a maxim evident in all the major religious traditions, immediately comes to mind. Character, then, becomes the lifelong pursuit of moral refinement in the truest sense of the word.
The current crises remind us that we are a nation that is built upon our ability to persevere, to endure, with faith and purpose. Once again, we are simply tasked to fulfill our obligations to ourselves and, more importantly, to each other.
 The Daily Wire is one of America’s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <a href="https://www.dailywire.com/subscribe">member</a>.

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KHAN: Perseverance In Crisis: Insights From Famous Thinkers On How To Handle Trying Times

faith

Religion

Multiple crises have converged on our country, significantly impacting all of us. The current pandemic drags on. The economy is trying to come back but is

https://www.dailywire.com/news/khan-perseverance-in-crisis-insights-from-famous-thinkers-on-how-to-handle-trying-times/

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The U.S. economy is roaring back during the home stretch of the 2020 presidential campaign as nearly 1.4 million new jobs were added in August and the unemployment rate dropped to single digits.
&#8220;Nonfarm payrolls increased by 1.37 million in August and the unemployment rate tumbled to 8.4% as the U.S. economy continued to climb its way out of the pandemic downturn,&#8221; CNBC <a href="https://www.cnbc.com/2020/09/04/jobs-report-august-2020-.html">reported</a>. &#8220;The unemployment rate was by far the lowest since the coronavirus shutdown in March, according to Labor Department figures released Friday.&#8221;
Dow futures shot up by 200 points in <a href="https://www.cnbc.com/2020/09/03/stock-market-futures-open-to-close-news.html">response</a> to the news, or .7%, while S&amp;P 500 futures surged .3%.
“An alternative measure that includes discouraged workers and those holding part-time jobs for economic reasons also fell, down to 14.2% from 16.5% in July and 22.8% at the peak in April,” CNBC added. “Economists surveyed by Dow Jones had been expecting growth of 1.32 million and the jobless rate to decline to 9.8% from 10.2% in July.”
A Politico <a href="https://www.politico.com/news/2020/05/26/2020-election-democrats-281470">report</a> from earlier this year outlined how Democrats are panicking over the prospect of the economy coming back before the election.
Harvard professor Jason Furman, a top economist in the Obama administration, warned Democrats in April about the economic turn around that was coming, saying, “We are about to see the best economic data we’ve seen in the history of this country.”
&#8220;Instead of forecasting a prolonged Depression-level economic catastrophe, Furman laid out a detailed case for why the months preceding the November election could offer Trump the chance to brag — truthfully — about the most explosive monthly employment numbers and gross domestic product growth ever,&#8221; Politico reported. &#8220;Trump could be poised to benefit from the dramatic numbers produced during the partial rebound phase that is likely to coincide with the four months before November.&#8221;
“Trump beats Biden on the economy even right now!” a Democrat operative told the publication in reference to polling that was done during the worst point of the pandemic. “This is going to be extremely difficult no matter what.&#8221;
“Even today when we are at over 20 million unemployed Trump gets high marks on the economy, so I can’t imagine what it looks like when things go in the other direction,&#8221; a former Obama official told Politico. &#8220;I don’t think this is a challenge for the Biden campaign. This is the challenge for the Biden campaign. If they can’t figure this out they should all just go home.”
One former Obama official, who Politico said was still close to the former president, said, “This is my big worry.” When asked about the level of concern that Democrat officials had about an economic turnaround, the official said, “It’s high — high, high, high, high.”
Political strategist Arthur Schwartz responded to Politico’s report in a tweet, writing: “Dems are spooked because the economy is going to rebound quickly. Their strategy for November is to keep the country closed. Their interests are served by hurting as many Americans as possible.”
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Dems are spooked because the economy is going to rebound quickly. Their strategy for November is to keep the country closed. Their interests are served by hurting as many Americans as possible.
The general election scenario that Democrats are dreading <a href="https://t.co/z8CzlD3DYD">https://t.co/z8CzlD3DYD</a>
&mdash; Arthur Schwartz (@ArthurSchwartz) <a href="https://twitter.com/ArthurSchwartz/status/1265233763350581251?ref_src=twsrc%5Etfw">May 26, 2020</a></blockquote>
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This report has been updated to include additional information.
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Economy Booms As Unemployment Rate Drops To Single Digits; Dow Futures Soar

The U.S. economy is roaring back during the home stretch of the 2020 presidential campaign as nearly 1.4 million new jobs were added in August and the

https://www.dailywire.com/news/breaking-economy-booms-as-unemployment-rate-drops-to-single-digits-dow-futures-soar/

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An internal poll conducted for President Donald Trump’s re-election campaign shows voters are more concerned with jobs and the economy, as well as the coronavirus, than with stopping racial injustice or upholding law and order.
The poll, commissioned by Trump-aligned non-profit America First Priorities and <a href="https://dailycaller.com/2020/09/01/donald-trump-internal-poll-likely-voters-jobs-economy-coronavirus-covid-law-order-racial-injustice/">obtained exclusively</a> by The Daily Caller, found that 20% of respondents listed “Jobs/The Economy” as their most important issue, 16% listed “Fighting COVID-19,” 3% said “Upholding Law and Order,” and 4% said “Stop Racial Injustice.” A full 61% of respondents “either didn’t answer, don’t have a preference, or named an issue outside the 8 listed survey options as their most important issue,” the Caller’s Christian Datoc reported.
More from the Caller:
<blockquote>The ideological breakdown showed Independents’ issue choices aligning more closely with those of Republicans than Democrats. 23 percent of Independents listed jobs and the economy as their top issue, 15 percent said fighting coronavirus, 4 percent selected law and order, while just 2 percent are most concerned with stopping racial injustice. The Republican and Democrat splits for those issues were 28-8-7-1 and 11-24-1-6 respectively.
Additional questions showed potential problems for Democrats. Respondents gave Trump a +14 economic job approval rating (56-42), while Republicans earned an 8 point advantage (50-42) over Democrats when survey participants were asked which party “they trust more to rebuild the economy following the COVID-19 pandemic.”
43 percent of participants also blamed Democrats in Congress for cratering negotiations over a second coronavirus stimulus package, compared to 26 percent blaming Congressional Republicans and 14 percent blaming Trump himself.</blockquote>
Further, the poll showed that 44% of respondents blamed Democrats for the “rise in violent crime, poverty, homelessness and civil unrest we are currently witnessing in these cities,” while 41% blamed Republicans for the same. The poll found that 40% of respondents still believe the protests that spawned across the country over the police-involved death of George Floyd have not lost their focus on racial inequality, but 51% agreed with the response, “these protests have stopped being about racial injustice and have become violent riots by people who hate America and want to tear down our government and radically change American culture.”
The poll follows other national polls that show Democratic presidential candidate Joe Biden’s lead over Trump nearly vanishing in the wake of the riots that have led to increased crime and even homicides over the past few months. As The Daily Wire previously <a href="https://www.dailywire.com/news/cnn-poll-shows-biden-dropping-trump-gaining-bidens-support-among-gop-leaning-voters-halved">reported</a>, a CNN poll from mid-August showed Biden and Trump neck-and-neck in 15 so-called battleground states: Arizona, Florida, Georgia, Iowa, Maine, Michigan, Minnesota, Nevada, New Hampshire, New Mexico, North Carolina, Ohio, Pennsylvania, Texas, and Wisconsin.
An Emerson College poll from Tuesday also found Trump and Biden nearly tied, The Daily Wire <a href="https://www.dailywire.com/news/new-emerson-college-poll-trump-almost-tied-with-biden">reported</a>:
<blockquote>An Emerson College Poll <a href="https://emersonpolling.reportablenews.com/pr/august-2020-presidential-race-tightens-after-party-conventions">conducted the last two days</a> of August found that President Trump has narrowed the gap with Democratic presidential candidate Joe Biden to a near-tie, with Biden garnering 49% of respondents’ votes and Trump getting 47%.
That margin has closed since the July <a href="https://emersonpolling.reportablenews.com/pr/july-national-poll-biden-maintains-lead-in-presidential-race-majority-support-nationwide-mask-mandate-in-public-spaces">national poll</a>, when Biden led 50% to 46%. Spencer Kimball, Director of Emerson College Polling, stated that “the Republican convention gave Trump his most positive week of news coverage which likely attributes to his bounce in this month’s poll and increasing job approval.”</blockquote>
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Internal Trump Polls Show Voters Care About Jobs/Economy And COVID-19 More Than Racial Injustice Or Law And Order

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Poll

An internal poll conducted for President Donald Trump’s re-election campaign shows voters are more concerned with jobs and the economy, as well as the

https://www.dailywire.com/news/internal-trump-polls-show-voters-care-about-jobs-economy-and-covid-19-more-than-racial-injustice-or-law-and-order/

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President Donald Trump slammed former First Lady Michelle Obama on Tuesday after she attempted to blame his administration for the economic impact of the COVID-19 pandemic during a Monday night speech at the Democratic National Convention.
Trump responded to her remarks by writing on Twitter: &#8220;Somebody please explain to [Michelle Obama] that Donald J. Trump would not be here, in the beautiful White House, if it weren’t for the job done by your husband, Barack Obama.&#8221;
&#8220;Biden was merely an afterthought, a good reason for that very late [and] unenthusiastic endorsement,&#8221; Trump continued. &#8220;My Administration and I built the greatest economy in history, of any country, turned it off, saved millions of lives, and now am building an even greater economy than it was before. Jobs are flowing, NASDAQ is already at a record high, the rest to follow. Sit back [and] watch!&#8221;
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&#8230;.My Administration and I built the greatest economy in history, of any country, turned it off, saved millions of lives, and now am building an even greater economy than it was before. Jobs are flowing, NASDAQ is already at a record high, the rest to follow. Sit back &amp; watch!
&mdash; Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1295677038301523968?ref_src=twsrc%5Etfw">August 18, 2020</a></blockquote>
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Michelle Obama repeatedly blasted Trump during her speech and expressed her disappointment in the American people for electing Trump in 2016.
&#8220;As I’ve said before, being president doesn’t change who you are; it reveals who you are,&#8221; she said. &#8220;Well, a presidential election can reveal who we are, too. And four years ago, too many people chose to believe that their votes didn’t matter.&#8221;
&#8220;Four years later, the state of this nation is very different,&#8221; she continued. &#8220;More than 150,000 people have died, and our economy is in shambles because of a virus that this president downplayed for too long. It has left millions of people jobless. Too many have lost their health care; too many are struggling to take care of basic necessities like food and rent; too many communities have been left in the lurch to grapple with whether and how to open our schools safely. Internationally, we’ve turned our back, not just on agreements forged by my husband, but on alliances championed by presidents like Reagan and Eisenhower.&#8221;
She claimed that all anyone gets from the White House is &#8220;chaos, division, and a total and utter lack of empathy.&#8221;
She suggested that all the problems in the country were Trump&#8217;s fault, ranging from &#8220;people shouting in grocery stores, unwilling to wear a mask to keep us all safe,&#8221; to people calling the police on other people &#8220;just because of the color of their skin.&#8221;
&#8220;So let me be as honest and clear as I possibly can. Donald Trump is the wrong president for our country. He has had more than enough time to prove that he can do the job, but he is clearly in over his head. He cannot meet this moment. He simply cannot be who we need him to be for us. It is what it is,&#8221; she claimed. &#8220;So if you take one thing from my words tonight, it is this: if you think things cannot possibly get worse, trust me, they can; and they will if we don’t make a change in this election. If we have any hope of ending this chaos, we have got to vote for Joe Biden like our lives depend on it.&#8221;
Trump later fired off another tweet, writing: &#8220;The ObamaBiden Administration was the most corrupt in history, including the fact that they got caught SPYING ON MY CAMPAIGN, the biggest political scandal in the history of our Country. It’s called Treason, and more. Thanks for your very kind words Michelle!&#8221;
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The ObamaBiden Administration was the most corrupt in history, including the fact that they got caught SPYING ON MY CAMPAIGN, the biggest political scandal in the history of our Country. It’s called Treason, and more. Thanks for your very kind words Michelle!
&mdash; Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1295680975184310272?ref_src=twsrc%5Etfw">August 18, 2020</a></blockquote>
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President Trump Holds News Conference In Brady Press Briefing Room

Michelle Obama Attacks Trump In Convention Speech. Trump Torches Her: Your Husband Got Me Elected.

Michelle Obama

President Donald Trump slammed former First Lady Michelle Obama on Tuesday after she attempted to blame his administration for the economic impact of the

https://www.dailywire.com/news/michelle-obama-attacks-trump-in-convention-speech-trump-torches-her-your-husband-got-me-elected/

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The number of weekly unemployment claims fell under 1 million last week for the first time since government shutdowns were instituted in mid-March.
During the week ending on Aug. 8, roughly 963,000 workers filed unemployment claims, according to data released by the Department of Labor on Thursday. The number came in lower than expected as economists had predicted that claims numbers would remain at about the 1 million mark, according to <a href="https://www.foxbusiness.com/economy/jobless-claims-coronavirus-pandemic-august-8">Fox Business</a>.
The total number of unemployment claims – a proxy for lost jobs – made since the pandemic began is now nearly 56 million. Weekly unemployment claims still remain historically high, hundreds of thousands of claims above the pre-pandemic record of 695,000 filings in a week.
Unemployment filings skyrocketed over 3 million during the week of March 21 as the pandemic and mass shutdowns forced a wave of business closures, many of which have become permanent. The latest unemployment report is the first time weekly claims have totaled under 1 million since the week ending on March 14.
The better than expected unemployment report is another sign that the U.S. economy may be on the path to recovery despite fears of a second wave of the disease and some states re-imposing strict lockdown orders to slow the spread of the coronavirus. The <a href="https://www.dailywire.com/news/recovery-continues-employment-up-1-8-million-unemployment-falls-to-10-2">unemployment rate</a> peaked at 15% in April but fell to 10.2% in July.
Over the weekend, <a href="https://www.dailywire.com/news/trump-extends-weekly-unemployment-boost-at-400-after-relief-negotiations-fail-takes-three-other-actions">President Donald Trump</a> signed an executive order boosting unemployment benefits by $400/week, 25% of which will be covered by states, after a congressionally approved $600/week program timed out at the end of last month. Lawmakers in Congress failed to cut a deal to potentially expand the pandemic aid program, largely because Democrats refused to compromise on a roughly $3.5 trillion spending package.
“We’re doing that without the Democrats,” Trump said at the time, referring to the $400 weekly unemployment boost. “We should have been able to do it very easily with them, but they want all of these additional things that have nothing to do with helping people.”
House Speaker Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D-NY), who led the Democratic side of the failed negotiations, put out a statement slamming Trump’s use of executive authority.
“These policy announcements provide little real help to families. For instance, not only does the President’s announcement not actually extend the eviction moratorium, it provides no assistance to help pay the rent, which will only leave desperate families to watch their debt pile higher. Instead of passing a bill, now President Trump is cutting families’ unemployment benefits and pushing states further into budget crises, forcing them to make devastating cuts to life-or-death services,” the statement said.
Economists and administration officials have <a href="https://dw-site-staging.dailywire.com/news/steve-mnuchin-employees-who-reject-offer-to-resume-work-ineligible-for-unemployment">said</a>, and business owners have complained, that the boosted unemployment benefits program approved by Congress in March, which provided an extra $600/week to people who lost jobs amid the coronavirus, was keeping workers from returning to their jobs after businesses began reopening.
The Daily Wire is one of America’s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <a href="https://www.dailywire.com/subscribe">member</a>.

President Trump

Weekly Unemployment Claims Beat Expectations, Fall Under 1M For First Time Since Pandemic Began

Unemployment

The number of weekly unemployment claims fell under 1 million last week for the first time since government shutdowns were instituted in mid-March. During

https://www.dailywire.com/news/weekly-unemployment-claims-beat-expectations-fall-under-1m-for-first-time-since-pandemic-began/

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On Monday, Massachusetts Democrat Senator Ed Markey, in an attempt to exhibit largesse in the most hyperbolic manner possible, garner mass approval and launch the American economy into oblivion, tweeted, “Give every person in our country $2000/month for the duration of the pandemic, $2000/month for 3 months after that, and $2000/month retroactive to March.”
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Give every person in our country $2000/month for the duration of the pandemic, $2000/month for 3 months after that, and $2000/month retroactive to March.
&mdash; Ed Markey (@EdMarkey) <a href="https://twitter.com/EdMarkey/status/1292833515034292224?ref_src=twsrc%5Etfw">August 10, 2020</a></blockquote>
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That economically illiterate suggestion was countered by Senator Ted Cruz (R-TX), who took Markey’s hyperbolic suggestion and took it to the extreme to point out how crazy the idea was. Cruz tweeted, “Why be so cheap? Give everyone $1 million a day, every day, forever. And three soy lattes a day. And a foot massage. We have a magic money tree — we should use it!”
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Why be so cheap? Give everyone $1 million a day, every day, forever. And three soy lattes a day. And a foot massage.
We have a magic money tree — we should use it! <a href="https://t.co/0ODgPBhc4O">https://t.co/0ODgPBhc4O</a>
&mdash; Ted Cruz (@tedcruz) <a href="https://twitter.com/tedcruz/status/1292852461338652673?ref_src=twsrc%5Etfw">August 10, 2020</a></blockquote>
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Markey, it should be noted, was the Senate author of the Green New Deal. &#8220;Liberal economist Noah Smith estimated that the cost of the Green New Deal without all the promises listed in the FAQ would be $6.6 trillion annually. That is three times as much as the federal government collects in tax revenue and about 34% of U.S. GDP,&#8221; the Congressional Western Caucus <a href="https://westerncaucus.house.gov/uploadedfiles/costs_of_the_green_new_deal.pdf">reported.</a>
The <a href="https://www.adamsmith.org/research/the-magic-money-tree-the-case-against-modern-monetary-theory">Adam Smith Institute</a> noted in May 2019:
<blockquote>Modern Monetary Theory (MMT) contends that government can spend without restraint and large deficits and debt don’t matter when the economy is not at full capacity. It asserts that the state, as the issuer of the nation’s currency, cannot go bankrupt because it can just keep creating and printing money; taxation exists not to obtain revenue but to oblige people to use a nation’s currency and control inflation; and that all public expenditure can be financed by debt or creating money &#8230;
MMT advocacy, particularly in the political sphere, is often driven by Utopian thinking by those who want massive unaffordable public spending programmes … MMT asserts, with limited evidence, that there is substantial unused economic capacity that government spending can activate. However, in practice, when government excessively expands the monetary supply (prints money) the impact is inflationary, if not hyperinflationary &#8211; as was the case in the Weimar Republic, Zimbabwe, and today in Venezuela.</blockquote>
As legendary economist Henry Hazlitt noted in his classic “<a href="https://www.amazon.com/Economics-One-Lesson-Shortest-Understand/dp/0517548232/ref=sr_1_2?crid=2XON6AH1C6HQ5&amp;dchild=1&amp;keywords=economics+in+one+lesson+by+henry+hazlitt&amp;qid=1596737820&amp;sprefix=Economics+in+One+lesson%2Caps%2C211&amp;sr=8-2">Economics in One Lesson</a>”:
<blockquote>Everywhere government spending is presented as a panacea for all our economic ills. An enormous literature is based on this fallacy, and, as so often happens with doctrines of this sort, it has become part of an intricate network of fallacies that mutually support each other … Everything we get must in some way be paid for and all government expenditures must eventually be paid out of the proceeds of taxation… Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment.</blockquote>
Famed economist Walter E. Williams <a href="http://townhall.com/columnists/walterewilliams/2013/10/30/is-there-a-way-out-n1732550?utm_source=thdaily&amp;utm_medium=email&amp;utm_campaign=nl">explained</a>, “The fact that Congress has no resources of its very own forces us to recognize that the only way Congress can give one American one dollar is to first — through intimidation, threats and coercion — confiscate that dollar from some other American through the tax code.”
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Attorney General Barr Testifies At Senate Hearing On Russian Interference In 2016 Election

Dem Senator Suggests Massive Relief Plan. Cruz Fires: ‘We Have A Magic Money Tree — We Should Use It’

Ed Markey

Ted Cruz

On Monday, Massachusetts Democrat Senator Ed Markey, in an attempt to exhibit largesse in the most hyperbolic manner possible, garner mass approval and

https://www.dailywire.com/news/dem-senator-suggests-massive-relief-plan-cruz-fires-we-have-a-magic-money-tree-we-should-use-it/

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Stock Market

SHAPIRO: 11 Leftist Myths About Economics 

Economics

Few Americans have a basic working knowledge of economics. They’ve grown up in a capitalist system, and so they take it for granted. But taking their

https://editorial.dailywire.com/news/leftist-myths-about-economics/

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The United States Capitol Building at night

SHAPIRO: 14 Leftist Myths On Government Policy

Conservatism

Constitution

Federal Government

Progressivism

Americans hate our government. We hate Congress. We usually hate the president. We don’t like our local dogcatcher. But the problem with government isn’t

https://editorial.dailywire.com/news/leftist-myths-on-government-policy/

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More than 100 current and former CEOs are urging Congress to approve another round of small business aid in the next coronavirus relief package or risk exponentially more harm to the economy.
Modifying and extending the small business lifeline Congress approves in the form of the <a href="https://dw-site-dev.dailywire.com/news/ny-small-business-on-alleged-ppp-pacing-issue-we-see-the-money-slipping-away-again">Paycheck Protection Program</a> (PPP) could stave off a potentially “catastrophic” wave of permanent small business closures that could hit as early as Labor Day. Already, many businesses have shut their doors for good after buckling under the strain of the coronavirus and government-mandated shutdowns.
“Small businesses are too critical to our country’s economic strength to let fail. From retailers and restaurants to consulting firms and manufacturers, small business owners are facing a future of potential financial ruin that will make the nation’s current economic downturn last years longer than it must,” the letter says, noting that small business composes 44% of the U.S. economy.
That pressure on Congress is being led by former Starbucks CEO <a href="https://www.dailywire.com/news/watch-howard-schultz-shreds-aoc-introduces-ryan-saavedra">Howard Schultz</a>, who considered but ultimately decided against making an independent <a href="https://www.dailywire.com/news/former-starbucks-ceo-howard-schultz-considering-emily-zanotti">run at the presidency</a> in 2020.
The business executives suggest that lawmakers build on the system put in place to distribute PPP funding by reupping the program while providing additional aid for the hardest hit sectors of the economy.
The letter lists several priorities for a new relief package:
<blockquote>
<ul>
<li>Federally guaranteed loans, at favorable terms, that will enable small businesses to transform and sustain themselves through 2020 and well into 2021. …</li>
<li>Businesses should have flexibility in how loan funds are used.</li>
<li>The hardest-hit businesses should be eligible for at least partial loan forgiveness. Any forgiveness should be limited to small or mid-sized firms that have suffered significant revenue declines and are not publicly traded.</li>
<li>Relief needs to be delivered expeditiously. Building on the existing PPP infrastructure would be one way to quickly stand up a new loan program.</li>
<li>These funds must flow to all small businesses in need, particularly those run by people of color, who have traditionally had less access to capital. …</li>
</ul>
</blockquote>
“We cannot stress enough the urgent need to act. Every day that passes without a comprehensive recovery program makes recovery more difficult. By Labor Day, we foresee a wave of permanent closures if the right steps are not take soon,” the letter continues. “Allowing small businesses to fail will turn temporary job losses into permanent ones. By year end, the domino effect of losing jobs – as well as the lost services and lost products that small businesses provide – could be catastrophic.”
Lawmakers in Congress with input from the White House are trying to craft a <a href="https://www.wsj.com/articles/coronavirus-relief-how-the-republican-and-democratic-plans-compare-11595934002">fifth round</a> of coronavirus aid as boosted unemployment benefits are set to expire by the end of the week. Democrats want a bill that would balloon spending by an additional $3.5 trillion while creating a safety net for cities and states that have blown out their own budgets responding to the coronavirus as tax proceeds have dried up.
Republicans on Capitol Hill want a much more restrained yet still pricey $1 trillion in additional spending, reducing the federal boost to unemployment from $600/week to $200/week through September, then reducing it to 70% of a worker&#8217;s lost income when combined with state benefits.
The Daily Wire is one of America’s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <a href="https://www.dailywire.com/subscribe">member</a>.

Closing business

Dozens Of Top Business Leaders Warn Of Impending ‘Catastrophic’ Impact To Small Business

Howard Schultz

Paycheck Protection Program

More than 100 current and former CEOs are urging Congress to approve another round of small business aid in the next coronavirus relief package or risk

https://www.dailywire.com/news/dozens-of-top-business-leaders-warn-of-impending-catastrophic-impact-to-small-business/

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A letter sent from activists to businesses and non-profits in the East Market District of downtown Louisville, also referred to as NuLu (New Louisville), made a series of demands related to racial reparations and reportedly threatened consequences if the demands were not met.
New details have come to light after The Daily Wire reported on the story last week after being contacted by local residents who said they were stunned by the letter.
Local ABC News affiliate WHAS11 News <a href="http://archive.is/f8vCr">reported</a> that &#8220;Black Lives Matter protesters&#8221; were the ones who gave the letters out to businesses.
A <a href="https://twitter.com/bloosemore">local reporter</a> <a href="https://www.scribd.com/document/471102642/Occupy-Nulu-Demands#from_embed">posted</a> the following five &#8220;repercussions of non-compliance&#8221; that were reportedly included in the letter:
<blockquote>
<ul>
<li>Reduction in Racial Index Score/bias report to the Better Business Bureau.</li>
<li>Social Media Blast: Notification, via all social media platforms, of non-compliance.</li>
<li>Boycott: Public boycott, coordinated through social media and mail announcements, of your NuLu establishment AND any other business ventures owned by you.</li>
<li>Protest: Visible, media-covered demonstration/sit-in outside your establishment.</li>
<li>Invasive Reclamation: Placement of booths/tables outside your establishment where competing Black proprietors will offer items comparable to those offered by you.</li>
</ul>
</blockquote>
A copy of the letter that The Daily Wire received was slightly different than the letter obtained by the local reporter, and included three additional demands. The demands <a href="https://www.dailywire.com/news/louisville-businesses-threatened-cave-to-demands-for-racial-reparations-or-get-bad-online-reviews">stated</a> in the letter included:
<blockquote>
<ol>
<li>Businesses will adequately represent the black population of Louisville by having a minimum of 23% black staff (including management) in front of house positions, and maintain commitment and accountability to increasing that number (accountability roundtable information below).</li>
<li>Retail locations will include a minimum of 23% inventory of black retailers OR make a recurring monthly donation of 1.5% of net sales to black local organizations.</li>
<li>Business owners will require diversity, equity, &amp; inclusion training for their staffs, to be conducted by any one of the black women leaders on the attached list. Training will be conducted thereafter on a bi-annual basis.</li>
<li>Customize your own OR display one of the attached written statements in a viable location within your business to increase awareness and show support for the reparations movement.</li>
<li>Non-profits in NuLu district will submit to a voluntary, external audit of their board of trustees and take necessary steps towards 23% representation on those boards.</li>
<li>Business owners &amp; non-profit leaders will participate in quarterly roundtable discussions to be held accountable for their communities to these demands, and work together towards increased equity.</li>
<li>Maintain adequate black representation in any entertainment and performances booked at your business.</li>
<li>Dress code policies inherently discriminate against black folks, women, and the transgender community. You must eliminate dress code policies that promote profiling towards patrons and employees, including their hair requirements or stipulations, which can disproportionately target black folks.</li>
<li>23% black representation on the board of the NuLu Business Association.</li>
</ol>
</blockquote>
Demands #7 and #8 appeared to have been removed from the letter obtained by the local reporter while Demand #9 appeared in a different place in letter.
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Silent protest against racism

Demand Letter From BLM Activists To Louisville Businesses Lists 5 ‘Repercussions Of Non-Compliance’

Black Lives Matter

A letter sent from activists to businesses and non-profits in the East Market District of downtown Louisville, also referred to as NuLu (New

https://www.dailywire.com/news/demand-letter-from-blm-activists-to-louisville-businesses-lists-5-repercussions-of-non-compliance/

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