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Stunning Jobs Report, NYT Pandering, Dismantle the Police?

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Listen to “Stunning Jobs Report, NYT Pandering, Dismantle the Police?” on Spreaker.

Join Jim and Greg as they cheer a May jobs report that was more than 10 million jobs better than the experts predicted. They also groan as the New York Times leadership continues to grovel to its millennial and Gen Z staffers who remain traumatized that an opinion column they don’t agree with ended up in the paper. And they use pop culture and common sense to explain why the plans of some Minneapolis City Council members to “dismantle” the police are insane and counterproductive.

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Defending DeSantis, Crushing Job Losses, COVID Trends Improving

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Listen to “Defending DeSantis, Crushing Job Losses, COVID Trends Improving” on Spreaker.

Two good martinis and one very bad one as we head into Mother’s Day weekend. Join Jim and Greg as they marvel at how well Florida has done thus far in warding off  virus that’s particularly rough on the elderly. They also shudder deeply as the U.S. lost a stunning 20.5 million jobs in April and the unemployment rate soared to 14.7 percent. And they welcome news that the percentage of positive COVID tests is declining at testing ramps up.

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What Will Be the Economic Toll from COVID-19?

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Listen to “What Will Be the Economic Toll from COVID-19?” on Spreaker.

On Thursday, the Department of Labor reported more than 4.4 million jobs lost in the past week.  Over the past five weeks, 26.4 million people have filed first-time jobless claims.

What are the short-term and long-term economic impacts of this hemorrhaging of jobs, productivity, and revenue?  How much has the Paycheck Protection Program helped? And how aggressively can our economy re-engage when we’re already hearing some schools may not be opening in the fall and the Centers for Disease Control believes the coronavirus could be worse in the coming winter than it is now?

Brian Wesbury is chief economist at First Trust Advisors in Wheaton, Illinois, and formerly served as chief economist for the Joint Economic Committee of Congress.  He walks us through these difficult questions, explains the indicators for and against a rise in inflation, and sizes up the recent volatility in the oil markets.

Don’t miss this critical conversation on the state of our economy.

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American Heroes, 26 Million Jobs Lost, Ugly Virus Models, Draft Day

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Listen to “American Heroes, 26 Million Jobs Lost, Ugly Virus Models, Draft Day” on Spreaker.

Join Jim and Greg as they salute the stunning dedication of employees at a polypropylene plant in Pennsylvania. They’re also staggered by more than 26 million jobs lost and discuss how to re-engage the economy responsibly. And they assess data suggesting there were tens of thousands of coronavirus cases in American cities by March 1. Finally, they forecast tonight’s NFL Draft and Greg has fun imagining how National Review drafted Jim Geraghty back in the day.

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Birx Slams WHO, 22 Million Lost Jobs, Governors Ignore Constitution

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Listen to “Birx Slams WHO, 22 Million Lost Jobs, Governors Ignore Constitution” on Spreaker.

Jim starts this edition by blasting the World Health Organization for suggesting that alcohol consumption makes the coronavirus worse.  Then he and Greg applaud Dr. Birx for calling out the WHO and China for a deadly lack of transparency that cost the rest of the world valuable time in preparing for the virus. They also lament  the 22 million lost in the past four weeks and the lack of urgency in Congress to replenish funds for the Paycheck Protection Program – and discuss how to reopen the economy most responsibly. And they unload on New Jersey Gov. Phil Murphy for admitting he never considered the Bill of Rights in having 15 people arrested for gathering at a synagogue in his state and Michigan’s Gretchen Whitmer for saying her severe restrictions are fine because it snowed in Michigan this week.

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How Long Can We Afford to Keep the Economy Shuttered?

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Listen to “How Long Can We Afford to Keep the Economy Shuttered?” on Spreaker.

On Thursday, the Labor Department announced 6.6 million people filed for first-time unemployment last week.  In the past three weeks, more than 16 million Americans lost their jobs.

How much longer can our economy afford to be locked down?  How fast can it get up and running once it is restarted?  And what policies will be most helpful?

Dr. Gary Wolfram teaches political economy at Hillsdale College.  He addresses these questions, explains why strong government action is needed in a crisis like this, and why suggestions by Dr. Ezekiel Emanuel and others that we need to ban large gatherings for 12-18 months is simply unrealistic.

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Jobs Nightmare Worsens, End of the Handshake? China’s Gutter Oil

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Listen to “Jobs Nightmare Worsens, End of the Handshake? China’s Gutter Oil” on Spreaker.

Join Jim and Greg as they discuss the gut-wrenching loss of another 6.6 million jobs over the past week but also note an economic silver lining. They also react to Dr. Fauci suggesting people permanently stop shaking hands and then muse about what should replace it.  And they lose their appetites as they discuss another way China is a breeding ground for illnesses.

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The Economy: How Bad Will It Get & How Do We Turn It Around?

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Listen to “The Economy: How Bad Will It Get & How Do We Turn It Around?” on Spreaker.

On Thursday, the Department of Labor reported more than 6.6 million people filed new jobless claims over the past week. Combined with the nearly 3.3 million from last week, more than 10 million people since our economy largely shut down due to the coronavirus.

With the nation effectively on pause at least through April, what will the economic toll be over the next few weeks and how quickly can those losses be reversed once we’re past the crisis?

Brian Wesbury is chief economist at First Trust Advisors and is a former chief economist for the Joint Economic of Congress. He explains where he thinks our economy is headed, how strong the relief bill from Congress is and what the big economic lessons ought to be from this crisis.

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Props to the Patriots, 6.6 Million More Out of Work, Clueless Kemp

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Listen to “Props to the Patriots, 6.6 Million More Out of Work, Clueless Kemp” on Spreaker.

The coronavirus crisis has gotten to the point where Jim Geraghty is saying nice things about the New England Patriots and owner Robert Kraft after Kraft dispatched the team plane to China to pick up 1.2 million N95 masks.  Jim and Greg also tackle the brutal loss of 6.6 million more jobs in the past week and wonder how soon we’ll have no choice but to reopen various sectors or regions of our economy.  And they throw their hands up as Georgia GOP Gov. Brian Kemp says he only realized this week that COVID-19 could be spread by people before they start feeling sick.

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The Economy: Another Jump in Jobs, Coronavirus Impact Looms

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Listen to “The Economy: Another Jump in Jobs, Coronavirus Impact Looms” on Spreaker.

The U.S. economy keeps humming along, boosted on Friday by much stronger February job growth than expected, but with the markets in turmoil over the coronavirus, what will the economic impact be in the weeks and months to come?

On Friday, the Labor Department released the February jobs report, showing 273,000 new hires, nearly 100,000 more than Wall Street analysts anticipated.  Hiring was strong across most sectors and the unemployment rate once again dipped to a roughly 50-year low of 3.5 percent.

What is driving this continued hiring and economic growth?  Supporters of President Trump or his policies point to tax cuts and regulatory reductions as spurring business owners to add personnel or expand operations, but how exactly do those policies do that?

Heritage Foundation economist Joel Griffith shares those answers with Radio America’s Greg Corombos.  Griffith also explains why the markets are wildly fluctuating in response to the coronavoirus threat, which policies make the most sense in response, and why the Federal Reserve was wrong to institute an unscheduled interest rate cut this week.

Listen here for the full podcast.

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