Mr. Joe #Bidenomics Been Berry Berry Good to Me

Just like “beisbol” was “berry, berry good” to legendary NY Mets second baseman Chico Escuela…

“Baseball been berry, berry good to me.” pic.twitter.com/wPnhDIMcq7

— Super 70s Sports (@Super70sSports) April 13, 2020

…even after knifing his teammates with a tell-all tome between stints in the sport…

Bill Murray reports for SNL from the 1979 New York Mets’ spring training camp in the first of three reports on the baseball comeback of Chico Escuela, April 7, 1979. pic.twitter.com/J0z4MoLqiv

— New York Mammoths (@NYMammoths) December 9, 2021

…#Bidenomics, while not kind to your average American, is shaping up to have been very, very good to “immigrants.”

The strong jobs market has been bolstered post-pandemic by strength in the immigrant workforce in America. And as Americans age out of the labor force and birth rates remain low, economists and the Federal Reserve are touting the importance of immigrant workers for overall future economic growth.

Immigrant workers made up 18.6% of the workforce last year, a new record, according to Bureau of Labor Statistics data. Workers are taking open positions in agriculture, technology and health care, fields where labor supply has been a challenge for those looking to hire.

Despite the U.S. adding fewer-than-expected jobs in April, the labor force participation rate for foreign-born workers ticked up slightly to 66%.

Oh, YAY!

Americans are losing their jobs while foreigners – legal or illegal – are getting hired.

This is cute.
Overthe last 12 months.
Foreign Born:
Population: +1.76 Million
Employed: +520k
Native Born:
Population: -139,000
Employed: -5,000 pic.twitter.com/pXav9hcNea

— Frog Capital (@FrogNews) May 3, 2024

Hey, that’s just swell. 

The gains came in at 175,000, which was a huge miss from the predicted 243,000. And nobody’s paychecks are keeping up with inflation.

…Employers added 175,000 jobs in April, the Labor Department said in its monthly payroll report released Friday, missing the 243,000 gain forecast by LSEG economists. It marked the worst month for job creation since October. The unemployment rate, meanwhile, inched higher to 3.9% against expectations that it would hold steady at 3.8%.

Wage growth was also more subdued last month, with average hourly earnings — a key measure of inflation — rising 0.2%, less than expected. On an annual basis, wages increased 3.9% in April.

The gains were mostly in healthcare, which is government-subsidized and something called the “social assistance sector.” That also sounds very government-money intensive, doesn’t it?

Manufacturing isn’t growing. Basically, any goods-producing sector is stagnant.

Big falloff in Heavy Duty Construction, this is all government subsidized. The subsidies are running out. Layoffs come next. pic.twitter.com/cFprD47y8i

— Frog Capital (@FrogNews) May 3, 2024

Given how the numbers have been massaged every single month, even as miserable as they are, they’re not going to hold up. It’s all smoke and mirrors. They’ll be knocked back, too.

Jobs report released. April jobs numbers came in way below expectations.
The economy added 175,000 jobs in April, much below expectations of 238,000.
And as usual, February was revised down. #JobsReport
NOTE: 12 of the last 14 months have been revised down. pic.twitter.com/tIATshOxFp

— 🇺🇸 Pismo 🇺🇸 (@Pismo_B) May 3, 2024

There’s more pain for American jobs in the works. 

I was recently privy to news of some of the inner workings of a major US bank, coincidentally being steered by two foreigners who serve as its Senior Operations Executives, which is paring back its American staff ruthlessly and unafraid to tell them so. Employees aren’t being let go because branches are being closed or divisions like investments, etc., are being scaled back – oh, no. They’re being replaced. 

The corporate goal literally spelled out in employee town halls is to move at least 50% of their operations overseas because it’s a third of the cost of doing business in the States.

So while they’re proud of their, say, 30-year-plus employees, they’re also telling them point blank it doesn’t matter for squat because their division won’t be here next year. 

Wear that 30-year pin with pride when you file for unemployment, Sheila in Wealth Management.

As my dear friend said when he was relating the conversations:

Gotta love the C Suites

Biden and his cronies can knife us all in the back while he continues running his numbers game across the border to stay in power. One dirty hand washes the other.

Add 10 million illegals that’s 16 million able bodied people out of work , it’s going to be a violent summer with that many people with nothing to do but complain.

— Kenneth Dias (@Kenneth19567057) May 3, 2024

Meanwhile, the Trump campaign is running a pretty savvy ad right now, dare I say, “pouncing” on the “immigrant” issue. These unemployment numbers aren’t going to help POTATUS a lick with the demographics he’s already losing because of his open borders, especially if they hadn’t heard how much of a handout illegals were receiving already.

Trump’s Super PAC is running this ad in rural Georgia counties targeting Black men. pic.twitter.com/mcRMkGsqLN

— Alex Thompson (@AlexThomp) May 3, 2024

I think they ought to dump the money into running this in the Chicago areas where they’re taking kids’ rec centers away for “migrant” shelters and diverting all that money for handouts. It would be campaign cash well spent, don’t you think? The blacks there might not vote for Trump, but they sure as hell might stay home and not vote at all. That’s a win, too.

It’s effective without what Biden signed as a handout to “Dreamers” today.

Oh, what? You hadn’t heard, either?

It’s “Open your wallets” time again – $300M worth. That’s just a drop in the Biden bucket anymore.

President Biden finalized a new policy Friday giving illegal immigrant “Dreamers” here under the DACA program full access to Obamacare, including taxpayer subsidies to buy insurance on the Affordable Care Act’s markets.

Mr. Biden is redefining what it means to be in the country lawfully, at least for purposes of Obamacare, so it now includes DACA recipients.

Those in DACA were already able to buy plans on their own, under a previous Biden change. But they now can access government money to buy coverage.

More money, but who’s counting? 

Bet they all have jobs, too.