Page 5 - Fix This Time News Today

ThyBlackMan.com) When you understate the number of unemployed, which leads to understating our unemployment rates, people can literally go hungry, as they are underserved when it comes to potential and real federal government benefits. It is super important to get our unemployment rates right, so that the unemployed are not invisible. They should be readily visible to policymakers, to voters and the general public. Real data can lead to “ real” solutions. Using real data, policymakers can ...

ThyBlackMan.com) When will the Biden Administration stop using the U-3 category rate, which in March was 6%, as the official unemployment rate? Before going any further, it is imperative you understand what the U-3 category rate of unemployment is, as it relates to the unemployment situation in our nation today, then we will discuss Dr. Cecilia Rouse, Chair of the Council of Economic Advisers and why she indicated the 6 percent rate is not accurate and other ramifications. The nation’s emplo...

( ThyBlackMan.com) As we watched the sausage being made, as I and many of you have over the last several weeks, when it comes to what goes into spending $1.9 trillion and the enormity of the economic disaster in this country, some of us come away shaking our heads, shocked and rolling our eyes. Seriously, Mr. Biden and Democrats, this is how you spend $1.9 trillion, when the nation’s jobless rate for February is 11.1% and the black unemployment rate, which is usually 5-6% higher is at 16.1%....

ThyBlackMan.com) The Democratic Party has no interest in supporting a Consumer Tax Cut. Perhaps, I should say that differently, it has no interest in supporting a plan identified as a Consumer Tax Cut Plan, as stimulus checks are no more than consumer tax cuts. Here is how Investopedia, a financial website, defines a stimulus check; A stimulus check is a check sent to a taxpayer by the U.S. government. Stimulus checks are intended to stimulate the economy by providing consumers with some spen...

If Democrats fail to grow our economy and jobs, they will lose the House and the Senate in the midterm elections, in 2022.

( ThyBlackMan.com) The means, by which our economy can reach its potential of creating consistently over 200,000 jobs monthly, has to directly involve the consumer! The reason, for making this statement is relatively simple. The consumer makes up approximately 70% of our GDP (gross domestic product), which means Consumer Spendingis responsible for 70% of the jobs created in our economy. Joe Biden’s continued pragmatic, and fact-based approach to growing our economy will not fail, because it ...

Joe Biden is poised to launch a Covid-19 economic relief plan worth trillions of dollars. Here are some meaningful observations for all of us to consider in the run-up to Mr. Biden’s planned announcement of the details of his Covid-19 economic spending plan on Thursday. It is questionable, whether Mr. Biden, the Democratic Party, and his economic team view direct payments to consumers as a Direct Consumer Tax Cut. Obviously, if they admitted it, they would have to admit to how remarkably suc...

ThyBlackMan.com) It is important, how President Biden and his economic team define stimulus. It is a misnomer to call the entire economic relief package, such as the Cares Act, “stimulus legislation only,” because part of the funding within it was clearly used for relief, such as unemployment benefits, and aid for Americans in need of food. It is estimated, though, 160 million, stimulus checks were issued by the IRS, since the passage of the Coronavirus Aid, Relief, and Economic Security...

( ThyBlackMan.com) When the Bureau of Labor Statistics (BLS) delivers its April jobs report on May 8, 2020, at 8:30 a.m., it will show high unemployment rates for the general population. It will also, show the black population, which is the first worker group laid-off in any Economic Downturn has slipped into a Great Depression. However, because the Trump administration is low balling the unemployment numbers by using the category of U-3 based on the Alternative Measurements of Unemployment ( h...