We are screwed.
When President Biden walked out of Las Gemelas restaurant on Cinco De Mayo with enchiladas and tacos (of course he did) he was fortunate to be carrying anything at all. So starved for staff are restaurants across the country that many are closing, some are having to jack up salaries and others are offering signing bonuses in order to live another day.
Team “Build Back Better” has torpedoed the labor market by putting the government in the position of competing with private business for workers. Why trudge to work to make tacos for beltway prats when you can stay home and get paid more?
The Biden administration is subsidizing millions of Americans to sit home and binge watch Breaking Bad.
As a result, businesses are sucking wind, scratching and clawing for workers at a time when they should be scaling up and taking advantage of the economic recovery. We’d call it tragic if it was a natural event but it is sinister because this entire mess was man made.
Then the disastrous jobs report came out.
The unemployment rate actually INCREASED in April which was staggering.
As Yahoo Finance reported:
“Friday's report came as a sharp disappointment for many economists, who had been expecting a blowout payrolls number with job gains north of 1 million, as more stay-in-place restrictions were eased and mobility picked up.”
In other words we opened the lockdown floodgates but no water rushed forth. By some expectations were were to see an increase of more than a million new jobs but U.S. businesses added just 266,000 new jobs.
So get this, because Biden threw money around by the trillions he depressed the labor market and now the administration is saying the only cure is to throw more trillions around.
What a pit of vipers.
Out to put a shine on the disastrous report was Labor Secretary Marty Walsh who actually touted “big, strong numbiz” in hospitality jobs.
Though Walsh’s harsh Dorchester accent undoubtedly mesmerized members of the press who may have thought they were witnessing a live adaptation of Good Will Hunting, his message signals something ominous.
Even though we are headed for Inflation Nation this administration wants to spend, spend, spend and as long as the bad news continues, they will use the jobs report as an excuse for massive expenditures.
The administration is Ben Affleck’s character in Good Will Hunting but instead of hoping Will Hunting isn’t in his house, they are hoping that the workers aren’t in the restaurants.
“But you know what the best part of my day is? It's for about ten seconds from when I pull up to the curb to when I get to your door. Because I think maybe I'll get up there and I'll knock on the door and you won't be there. No goodbye, no see you later, no nothin’” - Good Will Hunting
That jobs report was the best part of Joe Biden’s day.