Obama Hands Trump Huge Bubble – Ep. 218

* Yesterday we got the final jobs report of the Obama era, * We got the December Non-Farm Payroll. * Now technically, when we get the January number, the first Friday of February, * Half of that would have been during the Obama presidency, * But because we won't get the official news until the Trump presidency, * I'm sure that Donald Trump is going to take the credit, or maybe have to deal with the blame, * Depending on how that number ends up being received, whether it beats the consensus or misses, * But this is really the final jobs number for Obama. * The number came out O.K. * It missed the consensus estimate, which was 175,000 jobs, * And the actual number, at least until they revise it next month was 156,000 * So that was below what was expected. * Now they did revise upward the prior month from 178,000 to 204,000 * And the month before that was revised down a bit * So I guess, when you take all the revisions, it was probably about a push on the number. * This report should have been seen as not so good, * Most of what I was reading was about how strong, not only this report was, * But the entire job-creation legacy of Barack Obama * This is what you get from the mainstream media * That peddles all the fake news * About what a great economy President Obama is handing off to Donald Trump; * That we have really low unemployment - * The official unemployment rate kicked up from 4.6, but still 4.7, * So, low unemployment, all these jobs being created, * Forgetting about the fact that once again, you're talking about low-paying, part-time jobs that have been created * In fact, the number of Americans not in the work force grows again; * It wasn't a big jump, but it was still a jump * To a new all-time record high. * So labor force participation has been eviscerated during the Obama years.Our Sponsors:* Check out Chilipad and use my code GOLD for a great deal: https://sleep.me* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out Plaud AI and use my code GOLD for a great deal: https://plaud.ai* Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com* Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy