"Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same, or one day we will spend our sunset years telling our children and our children's children what it was once like in the United States where men were free." - President Ronald Reagan
Saturday, September 07, 2024
Hello, 'Mr. Less-than-expected'
Hello, 'Mr. Less-than-expected' - American Thinker https://t.co/kGceFyBH2Q
— Silvio Canto. Jr. (@silvio_canto) September 7, 2024
We just had another first Friday and in came another visit from “Mr. Less-than-expected.”
Let’s check it out:
The U.S. economy created slightly fewer jobs than expected in August, reflecting a slowing labor market while also clearing the way for the Federal Reserve to lower interest rates later this month.
Nonfarm payrolls expanded by 142,000 during the month, down from 89,000 in July and below the 161,000 consensus forecast from Dow Jones, according to a report Friday from the Labor Department’s Bureau of Labor Statistics.
While the August numbers were close to expectations, the previous two months saw substantial downward revisions. The BLS cut July’s total by 25,000, while June fell to 118,000, a downward revision of 61,000.
Do you get the feeling that job creation is a bit slow? I guess we are now living the “vibes” of low job creation. Or maybe the consequences of hearing that everything was doing great when it fact it wasn’t.
And to make matters more interesting, President Biden confirmed what we all knew. The Inflation Reduction Act was never about reducing inflation but about climate change porkulus.
Let’s hope that someone will ask Vice President Harris about both of these topics.
P.S.: Check out my blog for posts, podcasts and videos. (American Thinker)
Remembering Buddy Holly! (1936-1959)
Buddy, along with Richie Valens ("La Bamba") and The Big Bopper, died in a plane crash in 1959.
Most of us learned of Buddy Holly's life because of Don McClean's "American Pie", a song that told the story of the day that Buddy Holly was killed.
He was only 22, a big recording star with huge hits: "That'll be the day", "Oh Boy", "True love ways", "Maybe baby" and "Heartbeat".
Munich 1972 and the Israeli Olympic team members
September 1975: Two assassinations attempts on President Ford
Back in September 1975, President Ford faced two assassination attempts. The first one on this day and another on the 22nd. Thankfully, both failed but it was a scary time for the country.