Best Of The Web
“Donald Trump tried to turn Independence Day into a celebration of himself. It was—thanks to poor planning, bad weather, and his hubris—a catastrophe. But a day later, Trump found another, less expensive way to throw a victory parade: the release of the unexpectedly good jobs numbers from June.
Quieting worries that a long-expected economic slowdown was imminent, the economy added over 200,000 jobs in June. (The unemployment rate ticked up, but only because more people without jobs were looking for them than in the previous month.) At the same time, the stock market has continued to shoot upward, perhaps thanks in large part to the widespread belief that the Federal Reserve will cut interest rates—though that may have just become less likely, thanks to the new, robust jobs numbers. (That did not, of course, stop the president from continuing to push the Fed to cut interest rates. “If we had a Fed that would lower interest rates we would be like a rocket ship, but we’re paying a lot of interest and it’s unnecessary,” Trump said. “We don’t have a Fed that knows what they’re doing, so it’s one of those little things.”)
But regardless of what the stock market does Monday, the numbers are a boon for Trump, and bolster one of the reelection arguments he has made (and, honestly, should make, from a pure politics point of view) again and again: The economy is booming because of his leadership.”
JJ Editor's Picks
"The United States and Russia are entering a new arms race, and the costs aren’t just monetary. On August 8, Russian civilians around the remote village of Nyonoksa found themselves downwind of a military nuclear propulsion experiment gone wrong..."
"I don't know about you, but for me "Having more people run for president and effectively doubling the number of primary contests" is not up there with "Michigan beating Notre Dame in the playoffs" and "A new deluxe edition of Barbara Bush's..."
"A growing body of research suggests that, rather than posing a threat to individual wellbeing, adopting a more sustainable lifestyle represents a pathway to a more satisfied life. Numerous studies have found that people who purchase green..."
"What should a parent do when a 2-year-old shrieks inconsolably because her string cheese wrapper tore “the wrong way”? Increasingly, the answer is “snap a photo, add a snarky caption and upload it to Instagram.” Publicly laughing at your..."
"The yield curve’s inverted! The yield curve’s inverted! That was the news I awoke to last Wednesday on CNBC as the 10 year Treasury note yield dipped below the 2 year yield for the first time since 2007. That’s the sign everyone has been waiting..."
"Even a casual observer of the entertainment industry knows that Hollywood is hooked on established intellectual property at the expense of original ideas and awash in more money than it knows how to sensibly spend. But three stories about the..."
"One of the formative texts of the Safed myth, which first portrayed the town as a unique place and which was responsible for spreading word of it all around the Jewish world, is the four letters that Rabbi Solomon Shlumil of Dreznitz sent, in..."
"There are lots of reasons to patent something. The most obvious one is that you’ve come up with a brilliant invention, and you want to protect your idea so that nobody can steal it from you. But that’s just the tip of the patent strategy iceberg..."