Israel conducts a precision strike against senior Hamas leaders in Qatar after the terror group rejects a new peace proposal from President Trump. The Bureau of Labor Statistics admits it overcounted U.S. jobs by nearly a million last year in the largest downward revision in American history. Whistleblowers testify before Congress about firsthand UFO sightings as lawmakers from both parties demand the government stop its cover-up.
It’s Wednesday, September 10, 2025, and this is the news you need to know to start your day.
Morning Wire is available on video! You can watch today’s episode here:
<iframe loading="lazy" title="Hamas Haven Hit &amp; Jobs Revision Bombshell" width="500" height="281" src="https://www.youtube.com/embed/0NWH8Ta2_DA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
If you’d rather listen to your news, today’s edition of the Morning Wire podcast can be heard below:
<iframe style="width: 100%; max-width: 660px; overflow: hidden; border-radius: 10px;" src="https://embed.podcasts.apple.com/us/podcast/hamas-haven-hit-jobs-revision-bombshell-9-10-25/id1576594336?i=1000725859030" height="175" frameborder="0" sandbox="allow-forms allow-popups allow-same-origin allow-scripts allow-storage-access-by-user-activation allow-top-navigation-by-user-activation"></iframe>
<h2>Israel Strikes Hamas Leaders in Qatar After Peace Deal Rejected</h2>
<div class="image"><img loading="lazy" decoding="async" class="alignnone size-large wp-image-970811" src="https://dw-wp-production.imgix.net/2025/09/MRN-9.10.25-Wed-SH1-1024x576.jpg" alt="" width="1024" height="576" srcset="https://dw-wp-production.imgix.net/2025/09/MRN-9.10.25-Wed-SH1-1024x576.jpg 1024w, https://dw-wp-production.imgix.net/2025/09/MRN-9.10.25-Wed-SH1-300x169.jpg 300w, https://dw-wp-production.imgix.net/2025/09/MRN-9.10.25-Wed-SH1-768x432.jpg 768w, https://dw-wp-production.imgix.net/2025/09/MRN-9.10.25-Wed-SH1-1536x864.jpg 1536w, https://dw-wp-production.imgix.net/2025/09/MRN-9.10.25-Wed-SH1.jpg 1920w" sizes="auto, (max-width: 1024px) 100vw, 1024px" /></div>
Topline: Israel conducted a precision strike against senior Hamas leaders in Qatar on Tuesday, just a day after the terror group rejected a new ceasefire proposal from President Trump.
The strike targeted top Hamas officials who have been living and operating out of Qatar, which has served as a protected refuge for the terror group&#8217;s leadership. It appears to be the first time Israel has struck Hamas officials inside the country. Qatar condemned the attack as a &#8220;blatant violation of all international laws and norms.&#8221; The White House said the U.S. was notified of the attack ahead of time and, in turn, informed Qatar. President Trump &#8220;believes this unfortunate incident could serve as an opportunity for peace,&#8221; said Press Secretary Karoline Leavitt.
The strike came shortly after Hamas rejected a new peace proposal from the Trump administration, calling it a &#8220;humiliating surrender document.&#8221; The proposal would have required Hamas to release all remaining hostages in exchange for Israel releasing thousands of Palestinian prisoners.
The events follow a separate Hamas terror attack in Jerusalem on Monday that killed six people and wounded 12 others.
<h2>U.S. Jobs Numbers Slashed in Largest Revision in History</h2>
<div class="image"><img loading="lazy" decoding="async" class="alignnone size-large wp-image-970817" src="https://dw-wp-production.imgix.net/2025/09/MRN-9.10.25-SH2-1024x576.jpg" alt="" width="1024" height="576" srcset="https://dw-wp-production.imgix.net/2025/09/MRN-9.10.25-SH2-1024x576.jpg 1024w, https://dw-wp-production.imgix.net/2025/09/MRN-9.10.25-SH2-300x169.jpg 300w, https://dw-wp-production.imgix.net/2025/09/MRN-9.10.25-SH2-768x432.jpg 768w, https://dw-wp-production.imgix.net/2025/09/MRN-9.10.25-SH2-1536x864.jpg 1536w, https://dw-wp-production.imgix.net/2025/09/MRN-9.10.25-SH2.jpg 1920w" sizes="auto, (max-width: 1024px) 100vw, 1024px" /></div>
Topline: The Bureau of Labor Statistics on Tuesday announced that it had overcounted U.S. jobs by nearly one million last year, the largest downward revision in American history, confirming President Trump’s claims that the economy he inherited was far weaker than reported.
In its annual revision, the BLS announced that from March 2024 to March 2025, the economy added 910,000 fewer jobs than was initially reported. The more than 50% downward revision means the economy was adding only 70,000 jobs per month during that period, not 147,000. The White House said the news makes it &#8220;very clear that President Trump inherited a much worse economy &#8230; than ever reported&#8221; and proves that the Federal Reserve&#8217;s interest rate policy has been &#8220;far too restrictive.&#8221;
The massive revision reinforces the president&#8217;s push to overhaul the BLS, an agency he has accused of producing inaccurate data. &#8220;Much like the CDC, everything is wrong with the Bureau of Labor Statistics,&#8221; said Senator Roger Marshall (R-KS), who is in charge of confirming Trump&#8217;s nominee to lead the agency. &#8220;We need someone &#8230; to come in there and turn that place upside down.&#8221;
The shocking report makes it much more likely that the Fed will finally cut interest rates later this month, a move President Trump has been demanding for months.
<h2>Whistleblowers Testify to Congress About UFO Cover-up</h2>
<div class="image"><img loading="lazy" decoding="async" class="alignnone size-large wp-image-970815" src="https://dw-wp-production.imgix.net/2025/09/MRN-9.10.25-Wed-SH3-1024x576.jpg" alt="" width="1024" height="576" srcset="https://dw-wp-production.imgix.net/2025/09/MRN-9.10.25-Wed-SH3-1024x576.jpg 1024w, https://dw-wp-production.imgix.net/2025/09/MRN-9.10.25-Wed-SH3-300x169.jpg 300w, https://dw-wp-production.imgix.net/2025/09/MRN-9.10.25-Wed-SH3-768x432.jpg 768w, https://dw-wp-production.imgix.net/2025/09/MRN-9.10.25-Wed-SH3-1536x864.jpg 1536w, https://dw-wp-production.imgix.net/2025/09/MRN-9.10.25-Wed-SH3.jpg 1920w" sizes="auto, (max-width: 1024px) 100vw, 1024px" /></div>
Topline: Military whistleblowers testified before a congressional task force on Tuesday about their firsthand encounters with UFOs, as lawmakers from both parties demanded an end to what they say is a decades-long government cover-up.
In the third congressional hearing on Unidentified Anomalous Phenomena (UAPs) since 2023, two veterans described their own sightings. One recounted seeing a &#8220;tic-tac-shaped object&#8221; emerge from the ocean, while another described a 100-foot-long triangular craft that flew within feet of him and interfered with his telephone before rapidly ascending with no sound or kinetic disturbance. In the hearing’s most shocking moment, a congressman shared a never-before-seen video of a Hellfire missile striking a UAP with seemingly no effect.
The hearing highlighted a growing bipartisan consensus that the government is hiding the truth about UFOs. &#8220;This is not science fiction,&#8221; said Congresswoman Anna Paulina Luna, who is leading the task force. &#8220;This is about national security, government accountability, and the American people’s right to the truth.” Florida Democrat Jared Moskowitz summed up the mood of the hearing, saying, &#8220;I do know when we’re being lied to, and we are definitely being lied to.&#8221;

MRN 9.10.25 Thumbnail V1

Morning Brief: Israel Strikes Hamas In Qatar, Biden’s Record Job Overcount, UFO Whistleblowers

Biden Administration

Donald Trump

Economy

Global Politics

Hamas

Israel

Jobs

Outer Space

Qatar

Unemployment

World

The jobs market during former President Joe Biden’s last year in office was much worse than previously reported, data released Tuesday by the Bureau of Labor Statistics reveal.
The Bureau of Labor Statistics (BLS) <a href="https://www.bls.gov/news.release/prebmk.nr0.htm">revised</a> job numbers showing that there were 911,000 fewer jobs than reported from April 2024 to March 2025. The Trump administration responded to the massive overcount by saying it demonstrated the need for new leadership at the Bureau of Labor Statistics.
“Today, the BLS released the largest downward revision on record proving that President Trump was right: Biden’s economy was a disaster and the BLS is broken,” White House Press Secretary Karoline Leavitt said. “This is exactly why we need new leadership to restore trust and confidence in the BLS’ data on behalf of the financial markets, businesses, policymakers, and families that rely on this data to make major decisions.”
Last month, President Donald Trump <a href="https://www.dailywire.com/news/trump-fires-biden-appointed-labor-statistics-boss-after-major-revisions-to-jobs-reports">fired</a> BLS Commissioner Erika McEntarfer, accusing her of manipulating the jobs numbers for political purposes. Trump has nominated Heritage Foundation economist E.J. Antoni to take her place.
Leavitt added that Federal Reserve Chair Jerome Powell should respond to the news by cutting interest rates, saying that he had “run out of excuses” not to do so. Trump has been pressuring Powell to lower interest rates for months and has even floated the idea of firing the Fed chair.
The revisions indicate that the Bureau of Labor Statistics overcounted private sector non-farm jobs by 880,000 and government employment by 31,000. In the private sector, jobs were overcounted by 126,200 in retail trade, 110,300 in wholesale trade, leisure and hospitality by 176,000, professional and business service by 158,000, and manufacturing by 95,000.
“Considering these reports are the foundation of economic forecasts and major policy decisions, there is no room for such a significant and consistent amount of error. It’s imperative for the data to remain accurate, impartial, and never altered for political gain,” said Labor Secretary Lori Chavez-DeRemer.
“Leaders at the bureau failed to improve their practices during the Biden administration, utilizing outdated methods that rendered a once reliable system completely ineffective and calling into question the motivation behind their inaction,” she added.

Former President Joe Biden Speaks At National Bar Association Awards Gala

Job Market Under Joe Biden Was Much Worse Than Previously Known

Bureau of Labor Statistics

Politics

Trump Administration

Americans are deeply concerned over the prospect that advances in artificial intelligence could put swaths of the country out of work permanently, according to a new Reuters/Ipsos poll.
The six-day poll, which concluded on Monday, showed 71% of respondents said they were concerned that AI will be &#8220;putting too many people out of work permanently.&#8221;
The new technology burst into the national conversation in late 2022 when OpenAI&#8217;s ChatGPT chatbot launched and became the fastest-growing application of all time, with tech heavyweights like Facebook owner Meta Platforms, Google owner Alphabet and Microsoft offering their own AI products.
While at present there are few signs of mass unemployment &#8211; the U.S. jobless rate was just 4.2% in July &#8211; artificial intelligence is stirring concerns as it reshapes jobs, industries and day-to-day life.
Some 77% of respondents to the Reuters/Ipsos poll said they worried the technology could be used to stir up political chaos, a sign of unease over the now-common use of AI technology to create realistic videos of imaginary events.
Americans are also leery about military applications for AI, the Reuters/Ipsos poll showed. Some 48% of respondents said the government should never use AI to determine the target of a military strike, compared with 24% who said the government should allow that sort of use of the technology. Another 28% said they were not sure.
The general enthusiasm for AI shown by many people and companies has fueled further investments, such as Foxconn and SoftBank&#8217;s planned data center equipment factory in Ohio. It has also upended national security policies as the United States and China vie for AI dominance.
More than half of Americans &#8211; some 61% &#8211; said they were concerned about the amount of electricity needed to power the fast-growing technology.
<a href="https://get.dailywire.com/subscribe/plus/?utm_campaign=summer&amp;utm_content=editorialsummersale&amp;utm_medium=website&amp;utm_source=editorial" target="_blank" rel="noopener">End of Summer Sale – Get 40% off New DailyWire+ Annual Memberships</a>
Google said earlier this month it had signed agreements with two U.S. electric utilities to reduce its AI data center power consumption during times of surging demand on the grid, as energy-intensive AI use outpaces power supplies.
The new technology has also come under criticism for applications that have let AI bots hold romantic conversations with children, generate false medical information and help people make racist arguments.
Two-thirds of respondents in the Reuters/Ipsos poll said they worried that people would ditch relationships with other people in favor of AI companions.
People were split on whether AI technology will improve education. Some 36% of respondents thought it would help, while 40% disagreed and the rest were not sure.
The Reuters/Ipsos survey gathered responses online from 4,446 U.S. adults nationwide and had a margin of error of about 2 percentage points.

Artificial Intelligence Photo Illustrations

Staggering Number Of Americans Fear AI Will Permanently Displace Workers

Artificial Intelligence

Big Tech

Technology

U.S.

In April, President Trump imposed global reciprocal tariffs on the United States’ trading partners, invoking his authority under the International Emergency Economic Powers Act of 1977, to address the national <a href="https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-declares-national-emergency-to-increase-our-competitive-edge-protect-our-sovereignty-and-strengthen-our-national-and-economic-security/">emergency</a> posed by the large and persistent trade deficit” driven by the lack of reciprocity in the country’s trade relationship.
President Trump also wanted to see jobs and factories come “<a href="https://www.business-standard.com/world-news/trump-wants-us-to-make-things-again-but-is-it-ready-for-the-challenge-125060400675_1.html">roaring back</a>” to the United States.
The idea that the United States can become a manufacturing powerhouse is an attractive one, to politicians on both sides of the aisle. After all, who would not be in favor of economic revitalization, new jobs, improved security, and economic independence? However, America’s ability to establish manufacturing dominance faces insurmountable challenges… unless we are smart about the industries we “bring home.”
Historically, the United States has never been a true manufacturing superpower.
Manufacturing employment in the United States peaked in 1979, with nearly 20 million workers employed in the “manufacturing sector.” Over the next four decades, manufacturing entered a structural decline, and the United States transitioned to a service-oriented economy. By 2020, “the <a href="https://www.blackrock.com/us/financial-professionals/insights/exploring-us-manufacturing#:~:text=In%201979%2C%20U.S.%20employment%20in,a%20more%20service%2Doriented%20economy.">service</a> sector dominated the economy,” accounting for 79% of the nation&#8217;s Gross Domestic Product, up from 52% in 1950, and represented 80% of the nation’s total employment. In 2025, fewer than 13 million <a href="https://nam.org/mfgdata/facts-about-manufacturing-expanded/">workers</a> were in the manufacturing sector.
The challenges for the United States to become a manufacturing superpower are many and complex.
First, the country simply does not have the labor pool to do so. The <a href="https://www.cnbc.com/2025/06/04/adp-jobs-report-may-2025-.html">unemployment</a> rate in May 2025, the latest data available, was approximately 4.2%, near full employment.
The labor <a href="https://www.dol.gov/agencies/wb/data/widget">participation</a> rate is running at 62.6%, which is well below the 67+ percent <a href="https://www.statista.com/statistics/191734/us-civilian-labor-force-participation-rate-since-1990/">rate</a> seen in the late 1990s and early 2000s, but not low enough to indicate there is a bench of workers waiting to enter the job market and join the manufacturing sector.
In addition, our labor force is one of the highest-paid in the world. In the United States, the average hourly <a href="https://www.bls.gov/news.release/empsit.t24.htm">wage</a> of a “nonsupervisory manufacturing employee” is approximately $28.80. In 2020, that wage was approximately $6.50 per hour in <a href="https://www.china-briefing.com/news/reshoring-from-china-to-mexico-how-prevalent-is-it-really/#:~:text=The%20hourly%20wage%20for%20manufacturing,over%2012%20percent%20from%202019.">China</a> and $4.82 in Mexico. In <a href="https://www.statista.com/statistics/744071/manufacturing-labor-costs-per-hour-china-vietnam-mexico/#:~:text=A%20difference%20in%20earnings,and%20Vietnam%20for%20cheaper%20labor.&amp;text=Log%20in%20or%20register%20to%20access%20precise%20data.">Vietnam</a>, the average hourly wage in manufacturing is $3.10.
We simply do not have the workers to compete with less developed nations, and those we do have make too much money to make America competitive with them.
The only answer would be to open our borders and import foreign workers to fill manufacturing openings at suppressed wages. This is something that President Trump rightly opposes, as it would change the make-up of the United States, to the detriment of our national identity.
So, what are we to do?
The United States can reshore its manufacturing, but must do so on a limited, prioritized basis. We should not care where our tennis shoes, blue jeans, or T-shirts are manufactured. Those industries hold no vital interest to the United States.
However, we should prioritize the reshoring of industries such as pharmaceuticals, computer chips, drones, and food additives.
“Approximately 40% of finished pharmaceutical products and 80% of active drug ingredients sold in the U.S. are manufactured overseas, <a href="https://www.gao.gov/products/gao-20-262t">according to a report by the GAO</a>. This includes a significant portion of generic drugs, with roughly 80% being produced overseas.”
China controls 80% of the <a href="https://www.atlanticcouncil.org/in-depth-research-reports/issue-brief/a-global-strategy-to-secure-uas-supply-chains/">drone</a> market in the United States.
83% of <a href="https://www.csis.org/analysis/strategy-united-states-regain-its-position-semiconductor-manufacturing#:~:text=And%20as%20to%20semiconductors%2C%2083,capacity%20is%20now%208%20percent.">semiconductors</a> are manufactured outside of the United States.
As a free market capitalist, I do not like the government picking “winning industries,” but there is a national security aspect to consider, and President Trump is doing this.
The <a href="https://www.foxnews.com/media/pulling-billions-from-harvard-fund-trade-schools-heres-what-people-saying-about-trumps-latest-move">president</a> recently floated the idea of taking the $2.2 billion in frozen assets from Harvard University and using that money to fund trade schools, where people could learn to support the manufacturing that is in the nation’s vital and national interests.
At the end of the day, the United States will never become a manufacturing superpower. Our cost structure and standard of living are simply too high… and that is a good problem to have.
However, we must focus on reshoring those industries that are vital to our national defense and our national interests. With the right focus and incentives, we can quickly achieve this strategic goal and free ourselves from our competitors’ supply chain whims.
* * *
Jim Nelles is a Navy veteran and supply chain consultant based in Chicago. His articles have appeared in the Washington Examiner, Newsweek, Foxnews.com, and The Daily Wire. He has served as a chief procurement officer, chief supply chain officer, and chief operations officer for multiple companies.
The views expressed in this piece are those of the author and do not necessarily represent those of The Daily Wire.
<a href="https://get.dailywire.com/gift/?utm_medium=website&amp;utm_source=wisepops&amp;utm_campaign=dad&amp;utm_content=fathersdaygiftpopups">Gift Dad an All Access Membership. Use code DAD40 at checkout to save 40%!</a>

Inside A General Motors Assembly Plant Ahead Of Earnings Figures

‘Roaring Back’: Here’s How To Reshore Manufacturing The Right Way

'Roaring Back': Here’s How To Reshore Manufacturing The Right Way

Auto workers

China

Free Trade

Labor Unions

Opinion

President Trump

Steel workers

Supply Chain

Tariffs

Wages

Job growth for the month of May again beat expectations as 139,000 jobs were added to the American economy, and the unemployment rate remained steady, according to the latest report from the Bureau of Labor Statistics. 
The <a href="https://www.bls.gov/news.release/empsit.nr0.htm" target="_blank" rel="noopener">report</a>, released Friday, found that the private sector continued to add jobs while government employment declined. The unemployment rate did not change from April, remaining at 4.2%.
White House Press Secretary Karoline Leavitt celebrated the news, saying it reflected President Donald Trump’s successful economic policies. 
“President Trump’s America First Economic Agenda has created a BOOMING economy — jobs are up, unemployment is down, wages are increasing, and inflation is dead,” she <a href="https://x.com/PressSec/status/1930980549906063803">said</a> on social media. “More than 139,000 good jobs were added to the private sector in May, all accounted for by American-born workers. Americans should continue to Trust in President Trump, who continues to beat expectations.”
The 139,000 job growth was more than the 125,000 that had been projected by the Dow Jones estimate. Last month, job growth also <a href="https://www.dailywire.com/news/solid-april-jobs-report-shows-govt-employment-drops-as-private-sector-growth-beats-expectations" target="_blank" rel="noopener">exceeded expectations</a>, although the increase was revised down by 30,000 jobs in the latest report. 
<a href="https://get.dailywire.com/gift/?utm_medium=website&amp;utm_source=wisepops&amp;utm_campaign=dad&amp;utm_content=fathersdaygiftpopups" target="_blank" rel="noopener">Gift Dad an All Access Membership. Use code DAD40 at checkout to save 40%!</a>
Industries that saw the most growth were health care (62,000), leisure and hospitality (48,000), and social assistance (16,000). Federal government employment declined by 22,000. 
The Bureau of Labor Statistics added that there was little change in mining, oil and gas extraction, construction, manufacturing, wholesale trade, retail trade, transportation and warehousing, and the financial activities industries from the previous month. 
At the same time, average hourly pay increased 15 cents to $36.24 last month. 
“The small business economy is growing and the private economy is growing. This is exactly what Donald Trump wanted to do for reversing everything that Biden had done,” <a href="https://www.whitehouse.gov/articles/2025/06/trump-effect-higher-pay-for-american-workers/">said </a>Job Creators Network CEO Alfredo Ortiz in response to the report. “It’s so good to see that we’re actually creating private economy jobs again.”
The stock markets rose after the job report was released, with the S&amp;P 500, Nasdaq Composite, and Dow Jones Industrial Average rising by more than one percent.
&#8220;GREAT JOB NUMBERS, STOCK MARKET UP BIG! AT THE SAME TIME, BILLIONS POURING IN FROM TARIFFS!!!&#8221; Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/114636826069773755">posted</a> on Truth Social Friday morning.
In a series of other posts, Trump lauded the economy and urged the Federal Reserve to take action to cut interest rates.
&#8220;AMERICA IS HOT! SIX MONTHS AGO IT WAS COLD AS ICE! BORDER IS CLOSED, PRICES ARE DOWN. WAGES ARE UP!&#8221; Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/114636535351943737">wrote</a>.
In another post, he said that the Fed&#8217;s decision not to cut rates was costing the United States &#8220;a fortune.&#8221;
&#8220;If &#8216;Too Late&#8217; at the Fed would CUT, we would greatly reduce interest rates, long and short, on debt that is coming due. Biden went mostly short term,&#8221; Trump added in another <a href="https://truthsocial.com/@realDonaldTrump/posts/114636734825372318">post</a>. &#8220;There is virtually no inflation (anymore), but if it should come back, RAISE &#8216;RATE&#8217; TO COUNTER. Very Simple!!! He is costing our Country a fortune. Borrowing costs should be MUCH LOWER!!!&#8221;

Donald Trump Speaks At Turning Point Convention In Detroit, Michigan

‘America Is Hot’: Job Growth Again Beats Expectations

employment

Karoline Leavitt

Labor Secretary Lori Chavez-DeRemer <a href="https://www.dol.gov/sites/dolgov/files/OPA/newsreleases/2025/04/ETA20250661.pdf">warned</a> states on Friday that if they allow illegal immigrants to collect unemployment benefits, they could lose federal funding.
Chavez-DeRemer sent a letter to all governors, telling them to comply with President Donald Trump’s directives to make sure illegals are not getting American tax dollars and illegal immigration is not incentivized.
&#8220;Our nation’s unemployment benefits exist solely for workers who are eligible to receive them,&#8221; the secretary wrote. &#8220;To qualify for unemployment, one must be able and available to work, actively seeking work, and be legally authorized to accept employment in the United States. Unemployment benefits are not a handout for those in our country illegally.”
Chavez-DeRemer specifically cited Trump&#8217;s “Preventing Illegal Aliens from Obtaining Social Security Act Benefits” memorandum and Executive Order 14218, “Ending Taxpayer Subsidization of Open Borders.”
The letter notes that Department of Homeland Security Secretary Kristi Noem recently informed states that they are allowed to use the DHS immigration database known as SAVE. The system &#8220;helps verify the immigration status of benefit claimants and is a critical tool in the toolbox in ensuring that illegal immigrants do not access our nation’s unemployment benefits,&#8221; Chavez-DeRemer said.
&#8220;I instructed the Employment and Training Administration (ETA) to send a letter to all State Unemployment Insurance Administrators urging them to immediately start using SAVE for every initial and continued claim filed by an individual who indicates that they are not a U.S. citizen,&#8221; the Labor Secretary continued.
&#8220;This letter also reminds states of their existing legal obligations regarding immigrant access to unemployment benefits and that noncompliance with these existing obligations will result in the loss of the state’s Title III UI administrative grant,&#8221; she added.
Earlier in the week, Agriculture Secretary Brooke Rollins said the U.S. Food and Drug Administration (USDA) will <a href="https://www.foxnews.com/politics/states-warned-federal-funding-jeopardy-illegal-immigrants-collecting-unemployment-benefits.amp">crack down</a> on illegal immigrants accessing food benefits known as food stamps or SNAP (Supplemental Nutrition Assistance Program).
&#8220;USDA&#8217;s nutrition programs are intended to support the most vulnerable Americans,&#8221; Rollins said, Fox News reported. &#8220;To allow those who broke our laws by entering the United States illegally to receive these benefits is outrageous.”
The Trump administration has also threatened to withhold federal funding from states that do not comply with other orders and federal law, such as Title IX rules. Maine, for example, is in a heated battle with Trump for refusing to protect girls&#8217; sports and adhere to federal law.
Additionally, the administration has <a href="https://www.dailywire.com/news/trump-calls-harvard-an-anti-semitic-threat-to-democracy">taken aim</a> at the federal funding for specific schools, such as Harvard University. Trump froze more than $2 billion in financing for Harvard after it rejected demands to dismantle its diversity, equity, and inclusion (DEI) programs and do more to curb student anti-Israel protests, The Daily Wire reported.

Chavez-DeRemer Labor Hearing in Washington

Trump Labor Dept Threatens States Giving Unemployment Benefits To Illegals

Illegal Immigration

Three Democratic-led states accounted for the vast majority of unemployment fraud since 2020, according to an initial survey of such fraud by the Department of Government Efficiency (DOGE).
California, New York, and Massachusetts tallied nearly 80% of improper unemployment insurance benefits handed out since 2020. An initial review of claims by DOGE found $382 million in fraudulent payments.
The DOGE audit found that “24.5k people over 115 years old claimed $59M in benefits,” “28k people between 1 and 5 years old claimed $254M in benefits,” and “9.7k people with birth dates over 15 years in the future claimed $69M in benefits.”
“In one case, someone with a birthday in 2154 claimed $41k,” DOGE added in a post on X.
Of those flagged claims, California, New York, and Massachusetts accounted for over $300 million.
“California, New York, and Massachusetts accounted for most of these improper claims, totaling $305M in unemployment benefits,” said DOGE. “Additionally, California accounted for 68% of the unemployment benefits paid to parolees identified by CBP on the terrorist watchlist or with criminal records.”
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
California, New York, and Massachusetts accounted for most of these improper claims, totaling $305M in unemployment benefits.
Additionally, California accounted for 68% of the unemployment benefits paid to parolees identified by CBP on the terrorist watchlist or with criminal… <a href="https://t.co/6jYGfxW7Fr">https://t.co/6jYGfxW7Fr</a>
&mdash; Department of Government Efficiency (@DOGE) <a href="https://twitter.com/DOGE/status/1910449939487895905?ref_src=twsrc%5Etfw">April 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
White House spokesman Harrison Fields said the revelation is an example of the kind of governance that pushed people to move from deep blue states such as California and New York to Republican-led states such as Texas and Florida.
“There’s a reason for the mass exodus from Democrat-run states that have mismanaged their economies and driven residents to the nearest Republican-led state,” Fields told <a href="https://www.foxnews.com/politics/dem-states-blame-most-nearly-400-million-unemployment-fraud" target="_blank" rel="noopener">Fox News</a>. “High taxes, poor stewardship of taxpayer dollars and progressive policies continue to yield negative results, which is why Americans overwhelmingly support the work of DOGE.”
California, New York, and Massachusetts are under solid Democratic control. Democrats control the governor’s office, the state House, and the Senate in each state, while also having the offices of secretary of state and attorney general as well.
DOGE is spearheading the Trump administration’s efforts to reduce waste, fraud, and abuse in the federal government. DOGE analysts have been working with government departments to identify potential wasteful spending and spending that does not align with President Donald Trump’s priorities.
Defense Secretary Pete Hegseth announced $5.1 billion in cuts to Pentagon spending on Thursday that were identified by DOGE.
“This one is, as they say, a big one,” said Hegseth in a <a href="https://x.com/SecDef/status/1910462447795716557" target="_blank" rel="noopener">video</a> posted to social media. “We’re signing a memo right now directing the termination of $5.1 billion in DOD contracts – not million, that’s with a B – $5.1 billion in DOD contracts.”

DC Department of Employment Services

DOGE Review Finds Three Dem States Account For Most Unemployment Fraud Since 2020

Department of Government Efficiency (DOGE)

Fraud

Millions of dollars in federal unemployment benefits have been paid out to people who haven&#8217;t even been born yet, according to the most recent findings from the Department Of Government Efficiency (DOGE).
Labor Secretary Lori Chavez DeRemer shared some of the data during a cabinet meeting with President Donald Trump, saying that in partnership with DOGE, the Department of Labor had uncovered fraudulent unemployment insurance payments — that totaled hundreds of millions of dollars — going to to several groups of people who were by definition unqualified to receive them.
WATCH:
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
🚨HOLY FRAUD🚨
&quot;We have almost 25,000 who are over 115 years-old who are collecting $59 million that we have sent out…
…28,000 people between 1 and 5 years-old have collected fraudulent payments at the tune of $254 million…
…10,000 who have not been born yet, 15 years into… <a href="https://t.co/XupNNCVw9s">pic.twitter.com/XupNNCVw9s</a>
&mdash; Townhall.com (@townhallcom) <a href="https://twitter.com/townhallcom/status/1910384943030554768?ref_src=twsrc%5Etfw">April 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&#8220;Unemployment insurance fraud — that trust needs to be whole for the American people,&#8221; DeRemer said. &#8220;When we need it, we need it for who deserves it. That&#8217;s not what we&#8217;re seeing in the numbers we saw last night, again, exposed by our partners at DOGE at the Department of Labor.&#8221;
&#8220;Since 2020, over $400 million of payments have gone out already,&#8221; she continued. &#8220;And when you hear these numbers — apparently in the United States we have over — almost 25,000 who are over 115 years-old who are collecting $59 million that we have sent out to people. Talk about fraudulent behavior.&#8221;
&#8220;Mr. President, 28,000 people between 1 and 5 years old have collected fraudulent payments at the tune of $254 million has gone out,&#8221; she added. &#8220;And lastly, 10,000 who have not been born yet, 15 years into the future, $69 million, and they haven&#8217;t even been born yet.&#8221;
&#8220;In one case, they will be born 129 years from now. The United States sent them $41,000,&#8221; DeRemer said. &#8220;And they&#8217;re not born yet. So, under the Department of Labor, those are the things that we&#8217;re uncovering. I couldn&#8217;t be more honored to tell the American people that we&#8217;re bringing back their dollars and were saving them — returning them to the United States Treasury.&#8221;
DOGE has also recently uncovered the fact that millions of non-citizens were given <a href="https://www.dailywire.com/news/see-the-staggering-number-of-illegals-who-got-social-security-numbers-under-joe-biden" target="_blank" rel="noopener">Social Security Numbers</a> during President Joe Biden&#8217;s administration — and that a number of them had registered to vote and had voted in American elections.

People Who Haven’t Been Born Yet Collected Millions In Federal Unemployment: DOGE

People Who Haven't Been Born Yet Collected Millions In Federal Unemployment: DOGE

If you aren’t on X — or Twitter, if you insist on deadnaming it — you will often be surprised to learn about the kinds of things people are arguing about on that platform. In many cases, the debates do not resemble anything that anyone outside of the site is talking about. These debates are often insular and parochial. Groups of people will get into heated disputes that last sometimes for weeks or months or longer, and yet which have no relevance beyond the confines of the platform itself.
I’ll give just one example of millions. Among Right-wingers on X, there has been a long running and quite tedious quarrel over the term “Woke Right.” Various groups of conservatives are accusing each other of being “Woke Right,” as they debate what the term means, and whether it describes anything real. I don’t know where this “Woke Right” idea comes from, but I do know that I’ve never heard a single soul in the three dimensional, physical world ever use the phrase or express any opinion on it one way or another. There are relatively prominent conservatives on X who have spent months locked in combat over a concept that has no real political or cultural relevance whatsoever. Nobody cares about it but them. Needless to say, there are a great many examples of this sort of thing. And even less do I need to say that I have myself been guilty of arguing about things on X that nobody outside of the app cares about. I might even sometimes be the one starting the argument, admittedly.
However, not every debate on X is so trivial. Sometimes the conversation is relevant beyond social media. Sometimes it reflects what’s actually happening in the world. Sometimes — more often now in the Elon era — a debate on X is actually important. And this week there has been one of those kinds of arguments — another round of it, anyway, as this has been a long running dispute. It’s important enough to write about here. And it will lead me to a very crucial point that I want to make, especially for younger people.
The debate revolves around the economic situation that young people in particular are facing today. One side of the argument says that although it is a challenging landscape for young people who are just starting out in the world, the best thing they can do is get an entry level job somewhere and work their way up in the world from that starting point. The other side says that this “bootstraps” mentality is obsolete. Young people have been totally screwed. They can’t just get a job and work their way up. And, they say, telling a young person to go work some low paying customer service job is insulting and out of touch. The game is rigged. American jobs are being stolen en masse by foreigners. The American dream, says this side of the debate, is effectively dead. Therefore the old school “go out there and work your way up the ladder” approach is simply to antiquated to be useful.
<h3><a href="https://www.dailywire.com/episode/ep-1516-the-matt-walsh-show">WATCH: The Matt Walsh Show</a></h3>
As you already guessed, out of the two camps, I tend to fall more into the former. Although the latter camp isn’t wrong about many of the fundamental points they’re making about the system as it&#8217;s currently constructed. I’ll get into that in a moment. 
First, let’s take a look at how this exchange is playing out. I think the debate may be best encapsulated by this. <a href="https://www.dailywire.com/topic/christopher-rufo">Chris Rufo</a>, in a series of tweets a couple of days ago, <a href="https://x.com/realchrisrufo/status/1878855931318198421" target="_blank" rel="noopener">wrote the following</a>:
<blockquote>Every generation has challenges. We currently have huge problems with the cost of housing and a splintering culture, but the economy is strong, incomes have never been higher, trades are hiring apprentices straight out of high school, and tech has enabled a wave of entrepreneurship and high-income &#8220;email jobs&#8221; from anywhere on Earth. We should remember that the Boomers, whatever their faults, had to make their way in a much poorer America and had to navigate war, stagflation, recession, and high interest rates. It&#8217;s never a cakewalk. We should work to provide opportunity for our kids, but should also remind them to be grateful for the opportunities they have. I didn&#8217;t make $50,000 a year or own a car until I was 30, then, after years of struggle in a creative field, things paid off. I could live in Seattle or New York or DC, but choose to live in a small town. It&#8217;s all a tradeoff, and one can make a good life in almost any metro area in the US.</blockquote>
In a follow up, he posted a job listing from Panda Express:
<blockquote>This is basically &#8220;full employment.&#8221; The Panda Express near my house is offering $70k/yr plus benefits for the assistant manager. You can make $100k/yr working at Chipotle for a few years and working up to store manager.</blockquote>
A prominent account that goes by the handle &#8220;Bronze Age Pervert&#8221; responded in a way that I think captures the general attitude of the other side of this argument. 
He wrote:
<blockquote>This is an absurd thing to post. This environment is the worst in decades and maybe ever in America to build wealth through any normal career. It’s the worst work environment and worst prospects for wealth accumulation ever. For a young person it’s next to impossible in fact even with the best degrees and “elite” job. It’s absurd and a joke to see conservative pundits, who work as writers and commentators in media and aren’t frankly exemplars of Protestant capitalist enterprise recommend working at Chipotle and UPS for a few smart young right wing men who are deploring decades-long trends. Maybe you’ll care to also give them advice on manning up and marrying a local sweet girl/highschool sweetheart.</blockquote>
The debate spiraled from there. A writer named Aaron McIntyre agrees with Bronze Age Pervert. He posted: 
<blockquote>If you are worried about Andrew Tate&#8217;s influence on young men telling them to climb the fast food ladder probably isn&#8217;t the move.</blockquote>
Another commentator named Scott Greer chimes in with a similar sentiment: 
<blockquote>Conservatives wonder why young men turn to Andrew Tate when they tell the same demographic to be content with fast food work and marrying much-older single moms.</blockquote>
Someone else gave his perspective. He said that it is possible for a young person to get started and succeed even in this tough environment. He offered the example of his own 22-year-old son, who he said has a job at UPS making $70,000 a year. He’s about to marry his girlfriend who is ten years older.
To that, someone else, in a post that has 27,000 likes, said: 
<blockquote>Poor kid is grinding, about to marry a 32 year old, living in his dad’s basement, stuck in a dead end job. He will likely never have kids or own a home. Imagine how out of touch you have to be to post this proudly. This is losing. But boomer dad imagines everything is ok.</blockquote>
Mike Cernovich is on the other side. What we might call the bootstraps camp. He thinks — and so do I — that work is not supposed to be fun. It’s not even necessarily going to be fulfilling. But you have to do it because that’s life and always has been. He wrote: 
<blockquote>You’re supposed to hate your job. That’s why it’s a job. Someone pays you because they don’t want to do it. Most of us had s*** jobs. It’s nothing special. You’re not a snowflake. Fight Club and Office Space covered this decades ago. Work sucks. This isn’t new.</blockquote>
But it’s this reply to that post that I think best captures the essence — and the fatal flaw — in the, I guess, anti-bootstraps position. Someone responded: 
<blockquote>The reason why jobs were worth it is that you could afford a home in a nice high trust society and support a family. Why do it now? I will not be reduced to an f-ing serf.</blockquote>
Jobs are not worth it, he says. Jobs make you a serf. This is why it’s worth talking about this very online controversy. It’s not just online. It seems clear to me that a lot of demoralized young people feel exactly this way. They think jobs aren’t worth it. There’s no point in even trying. They have it harder than anyone has ever had it. It’s hopeless. Everything is unfair. And so on. 
These young people are being encouraged down this hopeless road by people who are considered intellectuals on the right, like Bronze Age Pervert, who we recall said that today’s work environment is the worst ever — the worst ever, in history — and that it is “next to impossible” to become successful and accumulate wealth. They’re told by these supposed thought leaders that they should ignore anyone who even suggests that they start off in a low paying job working customer service or something similar. And a lot of young people — especially young men — have heeded this advice, to their own detriment.
So here’s what I want to say, after this very long preamble where I unfortunately had to give you a blow by blow account of a Twitter war. I acknowledge that young people face serious challenges starting out in the workforce. I can clearly see and do not deny that it is harder than it should be for a young man to get into a stable career, buy a house, and start a family. I agree that we are importing foreigners to take American jobs. That is hideously evil and unfair. I am in favor of any policy that puts an end to that scam. I agree with the anti-bootstrappers on that point. They will hear no argument from me.
Okay. Once we’ve agreed on that, what then? What is a young adult supposed to actually do tomorrow? This is the question that matters. It’s the question that, in these kinds of conversations, most people just skip over. It reminds me of my frequent debates with the Red Pillers and Manosphere where they declare that the dating scene is a disaster and young men have no hope of meeting a quality woman and building a stable family. My question to them is always the same: What do you want these young men to do then? What do you want them to actually do with their lives? Give up and die alone? What do you want them to do?
I ask that here as well: What should they do tomorrow? I’m not asking what the president should do or what congress should do or what government agencies should do. I’m asking what the actual individual human beings we’re talking about here — the newly minted young adults — should do. They will wake up in the morning and brush their teeth and eat breakfast — and then what? That young man who is 22-years-old and has no job. If you believe it is deeply insulting to suggest that he should go apply at Panda Express or UPS, what do you want him to do instead? What do you recommend? What is your plan?
<h3><a href="https://www.amiracist.com/?_gl=1*jtghwp*_gcl_au*ODQ1NjYzNTg2LjE3Mjg5MDk3OTE.*_ga*MTc2NzM0NDQ2NS4xNzI4OTA5Nzkx*_ga_CZKR9ZYKJP*MTczMDEyMDgwOS40OS4xLjE3MzAxMjA4MzkuMzAuMC4w" target="_blank" rel="noopener">MATT WALSH&#8217;S &#8216;AM I RACIST?&#8217; NOW STREAMING ON DAILYWIRE+</a></h3>
Complaining about it incessantly on Twitter is not a plan. Calling for policy solutions is fine and I agree that we should work on those. But what about tomorrow? What is the demoralized young person supposed to actually do in his life tomorrow? Don’t deflect. Don’t tell me about the H1-B program. I think we should abolish it. I don’t want to import any foreign labor at all. But a young man who wakes up in the morning can’t abolish the H1-B program. That’s not something he can accomplish tomorrow. So what should he do? Should he post about abolishing it? Fine. That takes about 60 seconds. Let’s give him 30 minutes for a series of tweets about H1-B visas. Okay. What next? How&#8217;s he spending the rest of his day? If you have no answer to that question, then your contribution to this conversation is worthless. You have nothing of value to offer to this young man.
Here’s what I say. I say that he must get up onto his feet in spite of it all and begin to pursue his goals one small step at a time. He must get the best job he possibly can, which will almost certainly not be a very good job or a very fun job. But he is not in a position where he can afford to worry about what is fun. He has to work as hard as he can to achieve what he can. He must gain experience and establish himself. And if he’s just starting out in the world, the best job is whatever job he can get. You have to start somewhere. And a job is better than no job.
He has a difficult road. Every young man in his position throughout the entire history of the Earth has had a difficult road. Life itself is a difficult road. Is his road more difficult than the road that young men of my generation had to walk? Perhaps. I entered adult life right around the time of a great recession and housing market collapse. It wasn’t exactly an easy path. I worked many awful customer service jobs that I hated with every fiber of my being. My hatred of them fueled me even more. I was more determined to become successful so that I would never again have to work the kind of job where you wear a name tag and get paid by the hour. But I had to work those jobs in order to get to a point where I didn’t have to work those jobs. That’s how it goes. So I am not recommending that anyone do anything that I have not already done. Is it harder now? Maybe. Is it harder than it was for the Boomers when they were just starting out? Probably, although I think the comparison is overstated.
Is it the hardest ever? Is a young person in America today facing “next to impossible odds” and unprecedented hardship? Of course not. That is an absurd suggestion. If you are a 22-year-old man today, you may have it a bit harder than your parents and grandparents, but that is as far as it even theoretically goes. World history did not begin in 1955. No matter what, you and I and our parents all had it and have it easier than the vast majority of human beings who have ever existed on the planet. We are all in the top 1% of the easiest lives ever lived. Which is why, even with all of our problems, you wouldn’t want to live anywhere else on the planet today. And if you had a time machine, the farthest you might want to go back is the middle of the 20th century and no farther. And if you did go back even that far, you would almost certainly discover that it was not the cakewalk you imagine it to be.
<h3><a href="https://get.dailywire.com/subscribe/plus/?_gl=1*1lail3r*_gcl_aw*R0NMLjE3MzIyMDEyNDkuQ2owS0NRaUEwZnU1QmhEUUFSSXNBTVhVQk9JSkM0VnNsMFVreURxYXUxVWVEVWdOdjZkNzR2Y1pEeEZQeHVBcGl2R3BLaTdBMjVzT1p5TWFBdG1nRUFMd193Y0I.*_gcl_au*NDUxNDQ0NzYwLjE3MzY3ODI2NDY.*_ga*MTc2NzM0NDQ2NS4xNzI4OTA5Nzkx*_ga_CZKR9ZYKJP*MTczNjk1NzYwMy4zNDAuMS4xNzM2OTU3NzE2LjYwLjAuMA.." target="_blank" rel="noopener">CELEBRATE #47 WITH 47% OFF DAILYWIRE+ MEMBERSHIPS + A FREE $20 GIFT</a></h3>
None of this diminishes the difficulties that you, as a young person, are currently experiencing. I only mean to put it in context. The context is important. Because if you think that nobody has ever had it harder than you, you may be justified in wondering whether success is simply impossible in your case. After all, no one has ever succeeded against odds so great as what you are facing. But the point is that many millions of people have succeeded against odds many times greater. This should inspire you, not offend you. Either way, my message to the young man is that he has to get up and walk. Even if he did have the hardest life anyone has ever lived on this or any other planet. Still I would say, well then, get up and move forward. What else are you going to do? Lie down and die?
My attitude is condemned by some Right-wingers whose doomerism has now descended to a point where they will call you a traitor for suggesting that a young man has any agency at all in his life. They want to hear nothing but misery porn and hopelessness. Anything else makes you a Boomer cuck. That’s because they don’t actually give the slightest damn about the young people they pretend to be speaking for.
Instead we end up with the “solution” (which I’ve seen repeated in different forms countless times) offered by the commenter I mentioned earlier. Jobs aren’t “worth it,” he says. He will not be a serf. Instead he will, presumably, live off of the government or his parents. But here’s the problem: that’s not how you escape being a serf. That’s how you become one. You are volunteering for a life of failure and servitude. Working at Panda Express is beneath you, but to eat it for lunch on your dad’s dime because you refuse to support yourself is not beneath you?
That makes no sense.
So again I ask: what is your plan? What are you going to do tomorrow? Some people like to mock the “bootstraps” mentality but they have given young people precisely zero alternatives. They have not given them any idea of what they should do tomorrow. And to me that is the most important and useful question here. What should you do tomorrow? My answer is simple. Tomorrow you should get up, put on your shoes, and get started.

North Carolina Works Job And Resource Fair Ahead Of Initial Jobless Claims

The Real Crisis Young Men Are Facing Today

Gen Z

Inflation

male

Matt Walsh

Social Media

Twitter

Woke Culture

Work environment

Just weeks before Election Day, the number of Americans applying for unemployment benefits has increased to the highest level in more than a year.
In <a href="https://www.dol.gov/sites/dolgov/files/OPA/newsreleases/ui-claims/20242123.pdf" target="_blank" rel="noopener">a news release</a> on Thursday, the U.S. Department of Labor announced that, for the week ending October 5, there were 258,000 jobless claims, up 33,000 from the previous week’s 225,000 claims. This is the highest number of jobless claims since the week of August 5, 2023.
The Associated Press <a href="https://apnews.com/article/unemployment-benefits-jobless-claims-layoffs-labor-669ecbeed289ec3971f021c02a99b669" target="_blank" rel="noopener">spoke</a> to analysts who blamed the increase on Hurricane Helene, but a Daily Wire review of the initial claims filed for the past week shows that is not the whole story.
North Carolina, which suffered the most under Hurricane Helene, saw a 290% increase in jobless claims – 8,534 more than the previous week. While North Carolina saw the largest percentage jump, Michigan – which was unaffected by Helene – also saw a large percentage increase of 140%, and had the highest single jump in jobless claims at 9,490. California, which was also not affected by the hurricane, had the third highest increase in claims at 4,484.
Florida, South Carolina, and Tennessee, which were also damaged by Helene, saw a 69%, 83%, and 72% increase in jobless claims, respectively. Kentucky also had a large percentage increase (146%) due to damage from the hurricane, though its effects have not been extensively covered by the media. Alabama and Georgia, which were also hit by Hurricane Helene, each saw fewer than 1,000 new jobless claims.
The increase from those states affected by the hurricane only adds up to 18,210 new claims – or a little more than half of the rise in applications for unemployment benefits filed last week. In fact, 43 states saw an increase in jobless claims in the past week, while only a handful of states were affected by Hurricane Helene.
<a href="https://www.amiracist.com/" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=https://www.amiracist.com/&amp;source=gmail&amp;ust=1726313279401000&amp;usg=AOvVaw115_qPFFEePDP86-Fvo-Vd">Am I Racist? Is In Theaters NOW — Get Your Tickets Here!</a>
Another factor the AP noted was the continuous effect of high interest rates on the labor market. Between 2022 and 2023, the Federal Reserve hiked interest rates repeatedly until the federal funds rate hit a two-decade high of 5.3%. This pushed mortgage rates up to 8%, making the housing market crisis worse for buyers and having little to no effect on inflation. The Fed has recently started lowering interest rates, reducing it by half a percentage point last month.
According to the AP, the Fed’s goal is to bring down inflation without causing a recession, even though many Americans are struggling to pay bills now.
The federal government on Thursday also reported that inflation has reached its lowest point since February 2021, just after President Joe Biden took office, the Associated Press <a href="https://apnews.com/article/inflation-prices-interest-rates-economy-federal-reserve-cd6d9712bfd484d6e1bc4ccb958dcf23" target="_blank" rel="noopener">reported</a>. What that actually means is that inflation is still rising, but rose slower than it has in three years. Inflation rose by 2.4% last month from a year earlier, which was the smallest annual increase since February 2021. So, while the media may report that inflation is going down, prices are still rising.

Help Wanted

Unemployment Claims Surge To Highest Level In A Year As Election Day Looms

2024 Election

In order to ensure Kamala Harris’ victory in 2024, there has to be some sort of outsized force that propels her to it. But the problem for Harris is that there aren&#8217;t going to be more debates where points are teed up for her.
If something bad happens in the world, that cuts against the Biden-Harris administration. If a large-scale war breaks out in the Middle East right now, that&#8217;s not going to cut against former President Trump; it&#8217;s going to cut against Biden-Harris because she&#8217;s the vice president who failed to prevent it.
If there&#8217;s an economic collapse, that cuts against Harris. If there&#8217;s any piece of really bad data in the country right now, it cuts against the incumbent.
But there is one piece of news that could be released and manipulated in order to try and help Harris.
And it happened on Wednesday.
The Wall Street Journal <a href="https://www.wsj.com/economy/central-banking/fed-cuts-rates-by-half-percentage-point-03566d82" target="_blank" rel="noopener">reported</a>:
<blockquote>​The Federal Reserve voted to lower interest rates by a half-percentage point, opting for a bolder start in making its first reduction since 2020. 
Eleven of 12 Fed voters backed the cut, which brings the benchmark federal-funds rate to a range between 4.75% and 5%. Quarterly projections released Wednesday showed a narrow majority of officials penciled in cuts that would lower rates by at least a quarter-point each at meetings in November and December.</blockquote>
They&#8217;re going to start cutting, and they want a hard cut. The problem with a hard cut is that, first, inflation has not gone down all the way to the 2% number the Federal Reserve typically looks for, and, second, the economy is still pretty hot, meaning that unemployment numbers are still not radically up.
So what are they doing? They&#8217;re injecting more money into an economy that actually is not flagging enough to justify that size of a cut. The case for a 25-basis point cut could be made. You could say we need to gradually inject more money into the economy.
But interest rates should be free-flowing and not manipulated by the Federal Reserve at all. It&#8217;s ridiculous that we have a centralized government agency that decides how much your dollar is worth based on a dual mission of reducing unemployment and keeping inflation down. The free market should decide exactly how interest rates float, and sometimes the interest rates need to go up in order to clean out bubbles.
When that doesn&#8217;t happen, bubbles end up growing, and then eventually, the bubbles burst.
The Journal continues:
<blockquote>The Fed governor Michelle Bowman dissented against Wednesday’s decision in favor of a smaller, quarter-point cut. Bowman, who was appointed to the board by Donald Trump in 2018, became the first governor to dissent against an interest-rate decision since 2005. It was the first dissent by any voter on the rate-setting committee since June 2022.
The Fed rate cut marks just the sixth time in the past 30 years that the central bank switched from raising to lowering rates. Usually when the Fed starts cutting rates, it doesn’t know whether it will make a handful of small moves—as it did in 1995 and 1998, when the economy avoided a downturn—or whether it is the start of a longer series of reductions, as in 2001 and 2007, when the central bank cut rates a few months before the economy entered recession.</blockquote>
So, they&#8217;re going to start lowering the interest rates again. There are a few reasons for this. One is the United States government is borrowing money at such an unbelievable clip right now that to leave those interest rates up would ratchet up the interest payments on the national debt. In order to correct for the vast national debt we are piling up, they&#8217;re lowering the interest rates so we don&#8217;t have to pay people back at as high rates. That&#8217;s a major factor.
<h4><a href="https://www.dailywire.com/episode/ep-2051-member-exclusive" target="_blank" rel="noopener">WATCH: The Ben Shapiro Show</a></h4>
Another factor is supposed to be that the economy is slowing so much we need to inject a fresh round of capital.
But let&#8217;s be real about this: Capital has not dried up in the American economy. That is why the stock market is currently riding precisely where it is. Just days ago, the price-to-earnings ratio (which assesses whether a stock is over- or under-valued) for the Dow Jones Industrial Average was riding at 31. The average PE ratio for the Dow over the past three years is 20.
That&#8217;s insane. That means stocks are overvalued. That means there&#8217;s quite a lot of money in the system that is being thrown at the stock market because people don&#8217;t know what to do with the money. Investors are getting a fresh infusion of cash in their pocket, and they&#8217;re immediately planting it where they think it will possibly earn a return. Stocks would be one place. They&#8217;re presumably going to do the same in real estate.
The problem is that the interest rates in real estate remain higher than they were five or six years ago. So even if you want to trade a house for a different house, that now means you&#8217;re giving up a 3.5% interest rate for a 6% interest rate on your mortgage, which costs you a lot more money.
<h4><a href="https://www.amiracist.com/" target="_blank" rel="noopener">Am I Racist? Is In Theaters NOW — Get Your Tickets Here!</a></h4>
So what is the cut designed to do? Making a 50-basis point cut signals two things at the same time. First, it signals the economy is on the verge of a downturn. That&#8217;s the reasoning for cutting it 50-basis points as opposed to 25. But second, a 50-basis point cut simultaneously signals that the worries about inflation are over, which means the economy is strong and solid. Obviously, these two things are in conflict with one another.
Jerome Powell of the Federal Reserve tried to justify this. He said the Fed’s “patient approach” has paid dividends.
If by “patient approach,” he means increasing the prices of everything over the past three and a half years by roughly 20%, then well done, Jerome. Don&#8217;t strain your shoulder patting yourself on the back too hard. 
The <a href="https://www.nytimes.com/2024/09/19/business/economy/inflation-interest-rates-effects.html">New York Times</a> reported: 
<blockquote>People with jobs have started showing up at homeless shelters in Atlanta. Families who can’t cover their grocery bills are pushing up demand at a Boston food bank. A dearth of available houses is plaguing Sacramento. Yet reports of recent raises abound, and a partly retired homeowner near Pittsburgh is happy about his savings.
America’s bout of painfully high inflation — and the period of high interest rates meant to cure it — is finally drawing toward a close. Price increases are nearly back to a normal pace, so much so that the Federal Reserve voted on Wednesday to lower borrowing costs for the first time in more than four years.
But even as the nation’s tumultuous pandemic economic era begins to approach its end, the period is destined to leave lingering marks.</blockquote>
The Federal Reserve does not want Donald Trump in office. They clearly would like to see Harris elected.
So what is the cut really about?
What it&#8217;s about is trying to generate an ersatz feeling of good momentum on the economy, despite the fact the Business Roundtable CEO Economic Outlook Index suggests the job market is slowing.
Is it slowing, or is it solid? We don&#8217;t know. Jerome Powell won&#8217;t tell us. Is inflation conquered, or is it just coming down? We don&#8217;t know. He won&#8217;t tell us.
While White House Press Secretary Karine Jean-Pierre has the nerve to suggest the White House is completely independent of the Federal Reserve, have you noticed that every major Democrat in the Senate has been calling for a lowering of interest rates for the last year and a half in an attempt to artificially jog the economy?
* * *
<h4><a href="http://www.amiracist.com/" target="_blank" rel="noopener">WATCH THE TRAILER FOR &#8216;AM I RACIST?&#8217; — A MATT WALSH COMEDY ON DEI</a></h4>

US-ECONOMY-FED-POWELL

The Federal Reserve Rides To Kamala’s Rescue

Ben Shapiro

Dow Jones

Federal Reserve

Interest Rates

Jerome Powell

Kamala Harris

Mortgages

Fewer jobs were added to the U.S. economy in August than expected, while unemployment slightly decreased from July, according to the most recent report from the Bureau of Labor Statistics released on Friday. 
The data indicates that 142,000 jobs were added last month, about 20,000 less than the 161,000 economists had <a href="https://www.cnbc.com/2024/09/06/jobs-report-august-2024.html" target="_blank" rel="noopener">expected</a>. Unemployment declined from 4.3% in July, the <a href="https://www.dailywire.com/news/unemployment-rate-reaches-highest-point-in-nearly-3-years" target="_blank" rel="noopener">highest</a> since October 2021, to 4.2% in August. 
According to the report, the two largest sectors for growth last month were construction and healthcare, which added 34,000 and 31,000 jobs, respectively. The labor force participation rate is 62.7%, which is about the same as last year. 
“The number of people employed part time for economic reasons was little changed at 4.8 million in August,” the <a href="https://www.bls.gov/news.release/empsit.nr0.htm" target="_blank" rel="noopener">report</a> said. “This measure is up from 4.2 million a year earlier. These individuals would have preferred full-time employment but were working part time because their hours had been reduced or they were unable to find full-time jobs.”
The Bureau of Labor Statistics has consistently revised job creation numbers downward over the last few months, including drops of 25,000 in July and 61,000 in June. Last month, it revealed that for the year that ran from April 2023 to March 2024, the bureau <a href="https://www.dailywire.com/news/labor-dept-overestimated-job-growth-by-more-than-800k-revises-data" target="_blank" rel="noopener">overestimated</a> the number of jobs created by 818,000. 
<a href="https://www.amiracist.com/" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=https://www.amiracist.com/&amp;source=gmail&amp;ust=1724361346607000&amp;usg=AOvVaw1ZhyOQfEkxcMH_D1Ago3CQ">Tickets for “Am I Racist?” are on sale NOW! Buy here for a theater near you.</a>
Some economists said the report suggested that the economy is still struggling as fears of a recession prompted global markets to <a href="https://www.dailywire.com/news/dow-drops-more-than-1000-points-as-global-markets-plunge-amid-recession-fears" target="_blank" rel="noopener">plunge</a> last month. 
Analyzing the report, Heritage Foundation economist E.J. Antoni <a href="https://x.com/RealEJAntoni/status/1832038872726819243" target="_blank" rel="noopener">noted</a> that the economy was losing higher-paying jobs while adding part-time jobs. 
“All of the net job growth in Aug was part-time employment (+527k), while full-time jobs plummeted (-438k); we&#8217;re hemorrhaging higher-paying jobs w/ benefits and replacing them with multiple part-time ones &#8211; these higher payroll numbers are a sign of impoverishment, not growth,” he said. 
Alfredo Ortiz, CEO of Job Creators Network, <a href="https://www.jobcreatorsnetwork.com/press_releases/job-creators-network-responds-to-august-jobs-report/">said</a> the report “reveals accelerating weakness in the American economy.”
“Job creation was below expectations, and half of new positions were created in the unproductive government or quasi-government healthcare and social services sector,” he added. &#8220;A record 8.2 million Americans have second jobs. Prior months’ job creation was significantly revised down – again. So far this year, the number of unemployed Americans has increased by one million.”
RELATED: <a href="https://www.dailywire.com/news/labor-dept-overestimated-job-growth-by-more-than-800k-revises-data">Labor Dept Oversestimated Job Growth By More Than 800K, Revises Data</a>

New Home Sales Fall For Second Month As Mortgage Rates Rise

August Jobs Report Falls Short Of Expectations As More Americans Take Part-Time Jobs

Economics

Menu