— These are the best of times. These are the worst of times.
Economically, America is Heaven. Politically, America is Hell.
Friday’s jobs report launched a day of non–stop great news about America’s material conditions. At 8:30 a.m., the Bureau of Labor Statistics released its monthly snapshot of the USA at work. The Employment Situation, as it’s called, could not have been more glorious. Economists expected November to have forged 180,000 jobs. In fact, last month saw 266,000 Americans hired, 48 percent more than what experts forecast. The unemployment rate slipped from 3.6 percent to 3.5 percent. This matched its reading in October 1969 — more than half a century ago.
As if the best jobs picture in 50 years were not enough, the number of jobs created for October 2019 was revised upward 28,000, from 128,000 to 156,000 — a 22 percent increase. For September, the original 180,000 new posts were too low. The actual figure was 193,000 — up 13,000 or 7 percent better.
The unemployment rate for adult men and women each equaled 3.2 percent. Joblessness stood at 5.5 percent for blacks, 4.2 percent for Hispanics, and 2.6 percent for Americans of Asian descent. Among adults over 25 years of age, 3.7 percent of those with only high school diplomas were unemployed, as were 5.3 percent of high-school dropouts. These statics are all at or very near record lows.
A total of 158,593,000 Americans held jobs last month — the most ever.
Seven million job openings now chase 5.8 million unemployed Americans. There are 1.2 positions available for every jobless individual.
Manufacturing posts rose a powerful 54,000. These are the very jobs that went abroad and, Obama said, never would return, absent a “magic wand
.” That magic wand is named Donald J. Trump.
Average hourly earnings also grew a healthy 3.1 percent between November 2018 and today.
And the winning continued.
At 10:00 a.m., the University of Michigan released its consumer-sentiment report
. That key figure rose from 96.8 in November to 99.2 in December, well above the 96.9 that economists had anticipated. Such good vibrations foreshadow a robust Christmas-Hanukkah shopping season and glistening retail-sales tallies come January.
At 4:00 p.m., the closing bells rung in the financial markets. Wall Street was thrilled
! The Dow Jones Industrial Average roared upward to 28,015, a 337-point, 1.2 percent increase. The NASDAQ clocked in at 8,656, an 85 point boost, up 1.0 percent. And the S&P 500 landed at 3,145, up 28 points, or 0.9 percent.
“This economy has even exceeded my expectations,” said Steve Moore of Freedom Works, co-author (with Dr. Arthur Laffer) of Trumponomics
and an adviser to candidate and President Trump. “I knew the tax cuts would work, but not this powerfully. Democrats want to repeal the tax cut, which would repeal prosperity.”
But while the economy might make Americans sick of winning, American politics is just sick.
Democrats watched all of this spectacular news and yelled a one-word reply:
Never mind that President Trump’s tax cuts, regulatory relief, and pro-market tone have fueled these gains. Democrats shout: “Throw the son-of-a-bitch out!”
Democrats are proceeding with articles of impeachment, no matter what.
Never mind that the transcript of the July 25 phone conversation between President Trump and Ukrainian President Volodymyr Zelensky shows no pressure, no extortion, and no bribery from the former against the latter.
In fact, between Trump’s comment, “I would like you to do us a favor,” and his first mention of “Biden’s son,” 542 words were uttered — 288 by Trump and 254 by Zelensky. As the image below confirms, the link between “favor” and “Biden’s” is thinner than dental floss:
Never mind that Adam Schiff’s impeachment hearings dramatically shifted support for booting Trump — downward. Americans favored impeachment by a 9 percent margin on November 10, just before the premiere of Adam’s Schiff Show. After two weeks of testimony and cross-examination, support for Trump’s ouster had cratered to a margin of just 3.7 percent on December 3, as the Real Clear Politics poll average shows here:
Never mind the Democrat Party’s claim to be the home of civil liberties. The uniquely vile Schiff subpoenaed and then publicized the AT&T and Verizon phone records
of his opponents, namely his committee’s top Republican, Representative Devin Nunes of California; President Trump’s personal lawyers, Rudolph W. Giuliani and Jay Sekulow (attorney-client privilege be damned); and Fox News contributor and former columnist for The Hill, John Solomon
, arguably the Bob Woodward of Russiagate. The latter ploy reeks of an especially evil abuse of power by Schiff to bully a journalist and, more likely, his sources and potential sources. More than anyone else in Congress, the morally repugnant Schiff has earned a one-way ticket home.
And never mind the long-running American tradition of not attacking the President of the United States as he represents this country overseas. In fact, Representative Jerrold Nadler of New York and the other Democrats on the House Judiciary Committee could not wait a mere 24 hours and conduct their impeachment teach-in/circus on Thursday.
Instead, Democrats had to perpetrate this on Wednesday, while the commander-in-chief conferred with America’s NATO allies in London as they toasted the alliance’s 70th anniversary. While President Trump embodied America on the world stage, the despicable Democrats distracted and embarrassed him and his team. Couldn’t Democrats have postponed the entire fiasco until President Trump returned to American soil just one day later? Inconceivable!
This repulsive stunt mirrored Democrats’ revolting actions on February 28, when they brought Michael Cohen to Capitol Hill, to denounce his former client, Donald J. Trump. At that exact hour, the president huddled in Hanoi with North Korean dictator Kim Jong-un. Topic: Shielding the American people from Pyongyang’s atomic weapons. Democrats could have waited 24 hours to sic Cohen on Trump after the president flew home. But no. They had to do it right then.
“For the Democrats to interview in open hearings a convicted liar & fraudster, at the same time as the very important Nuclear Summit with North Korea, is perhaps a new low in American politics
and may have contributed to the ‘walk’,” the president declared via Twitter, citing his decision to step back from Kim’s unappealing negotiating position. “Never done when a president is overseas. Shame!”
Like bacteria, this un-American, un-patriotic behavior has made Democrats not just small but microscopic. As President Trump and the Republicans have inspired the best of times, Speaker Nancy Pelosi and the Democrats have inflicted the worst of times.
Deroy Murdock is a Manhattan-based Fox News Contributor, a contributing editor with National Review Online, and a senior fellow with the London Center for Policy Research.