The Hemingway Report

Saturday, November 2, 2019

The Trumpster

Think about it. If wasn't for Stormy Daniels, the phony Russian collusion, Obstruction to a crime never commited, Ukraine phone call, Trump's tax returns...the Democrats would have nothing to do!

And lets not forget about that bombshell news story from CNN.

Trump had two scoops of ice and everybody else had only one

[Another case for impeachment I'm sure]

BEST CAMAPAIGN AD EVER

Video 530

What a departure from 'Pantywaist Barry'!

Speaking of Barry he may be getting a visitor.

Jobs Report Number Shows that Donald Trump Has Been Right About the Fed

This week gave us two big pieces of economic news.

First, after wrapping up on their two-day meeting on Thursday, Federal Reserve officials announced that they would not hike interest rates and signaled they would pause further increases going forward, in light of recent turbulence in the financial markets, signs of trouble with global growth, and relatively muted inflation. The shift relieved investors and sent stocks rocketing higher.

Then, on Friday, the Department of Labor delivered an unexpectedly strong jobs report. Employers added 304,000 workers to their payrolls in January, compared tothe 170,000 forecasted by economists surveyed by Dow Jones. Companies mostly seem to have shrugged off this winter’s government shutdown. In fact, the numbers showed that hiring has sped back up after a lull in the summer and early fall. The economy tacked on an average of 241,000 jobs over each of the last three months, compared to an overall monthly average of 205,000 since the beginning of 2017.

One way to look at these two pieces of news is that the Fed has been worrying about nothing, and that it can safely get back to hiking rates like before. As Politico’s Ben White put it:

If anything, though, I’d say opposite is true. The fact that employers can still find hundreds of thousands of people to hire each month suggests that, even in an economy that seems pretty hot, there are still plenty of Americans who want or need work. The Fed is right to take a breather before trying to cool down the economy in order to prevent inflation.

Over the years since the Great Recession, the Federal Reserve has consistently underestimated the amount of “slack” left in the labor market—essentially, how far joblessness can fall before employers have to start paying significantly higher wages in order to hire, which could cause inflation to pick up. One major reason why is that Fed economists have traditionally looked at the official unemployment rate as a guide to the economy’s condition. Headline unemployment has dropped to historic lows, which at one time might have meant that almost everybody who really wanted a job had one. But today, the statistic no longer seems to accurately reflect how many Americans who would like to work if they could find the right opportunity, or who simply wanted more hours. As a result, there have consistently been more adults ready to take a job than our central bankers realized. Fed officials keep thinking they’re about to run out of slack—and that inflation will surely pick up—only to discover they’ve got plenty more rope left in the economy.

Notably, nobody has been a louder critic of the Fed’s excessive hawkishness than our president, Donald Trump. He might not understand the nuances, and is likely concerned mostly with keeping the economy hot so his poll ratings stay out of the thirties, but he’s been uncharacteristically lucid about the Fed’s unnecessary tightening. (His inability to pick Fed officials who’s views he actually agrees with notwithstanding).

Today’s giant jobs report doesn’t tell us for sure that the labor market will have more slack going forward. But it does confirm, yet again, that Fed officials have been too pessimistic in the past about how much room the job market has had to grow. Meanwhile, plenty of data points, such as the share of Americans in their prime working years who are employed and the speed at which employers are raising salaries, are signaling that the country still has a long while to go before employers have to worry about anything resembling a labor shortage. Taken together, it all suggests our monetary policy makers are right to sit back, stop trying so hard to snuff out inflation before it flares up, and let companies keep their hiring signs up. Good jobs numbers, like today’s, are a hint that the economy could be even better.

Or, in other words, they show that Donald Trump has been kind of right about the Fed.

Beto 'Buff My Balls' O'Rourke quits

Deranged liberals are sorry to see him go after his poetry and writings about killing children certainly qualified him to be on the road to the WH.

"I need a butt-shine,

Right now

You are holy,

Oh, sacred Cow

I thirst for you,

Provide Milk.

Buff my balls,

Love the Cow,

Good fortune for those that do.

Love me, breathe my feet,

The Cow has risen.

Wax my ass,

Scrub my balls.

The Cow has risen,

Provide Milk."

More of his literary genius.

“One day, as I was driving home from work, I noticed two children crossing the street. They were happy, happy to be free from their troubles…. This happiness was mine by right. I had earned it in my dreams,” O’Rourke wrote in one of the t-files, according to Reuters.

“As I neared the young ones, I put all my weight on my right foot, keeping the accelerator pedal on the floor until I heard the crashing of the two children on the hood, and then the sharp cry of pain from one of the two. I was so fascinated for a moment, that when after I had stopped my vehicle, I just sat in a daze, sweet visions filling my head,” O’Rourke continued.

Yeah, he was a teen when he wrote this and at one time so was Ted Bundy.

And this asshole ran for president...

The frosting on the cake.

He began to focus on gun control, and vowed to remove assault-style weapons from private ownership, saying in one televised debate: "Hell yes, we're going to take your AR-15s."

Give us a parting song Beto.

Friday, November 1, 2019

Gaetz calls out Democrats for not defending Katie Hill

Rep. Matt Gaetz, R-Fla., defended former California Congresswoman Katie Hill and blasted her fellow Democrats for not rallying around her following a scandal that led to her resignation.

"This is an issue where a lot of millennials, I think sympathize with Katie Hill because a lot of young people who grew up with a smartphone in their hands took pictures, sent them, shared messages and materials that are now recoverable later in life," Gaetz said Thursday on "The Story with Martha MacCallum."

"Katie Hill's problem is not with Donald Trump. I wish she had not lashed out at him. Her ire should be directed at her fellow Democrats," he said.

Hill ripped into her political opponents on Thursday, denouncing what she called a "double standard" in politics that allegedly punished her while letting others off the hook.

Hill announced her resignation on Sunday after a media firestorm was ignited by intimate details about her personal life. Pornographic photos of her surfaced online after a conservative news site – RedState – reported on an extramarital affair that Hill allegedly had with staffers.

Gaetz was sympathetic to Hill and criticized Democrats for not supporting her.

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I think Gaetz is 100% correct. This kind of shit is normal behavior in the Democratic party and why they didn't support her is beyond disgusting!