Trump’s Employment Numbers Are In


>>DONALD TRUMP LIKES TO TALK TO
THE FACT, OR IN HIS IDEA, THE “FACT,” THAT HE HAS INCREASED
JOBS IN THE UNITED STATES, HE’S A BIG JOB CREATOR AND IT’S
BECAUSE OF HIS POLICIES ON EITHER CUTTING TAXES OR TO
REGULATE IN THINGS. BUT IN REALITY IF YOU LOOK AT THE
NUMBERS, AND THIS IS ACCORDING TO THE BUREAU OF LABOR
STATISTICS, AND ALSO BLOOMBERG, 2017 WAS THE YEAR THAT JOB
CREATION SLOWED CONSIDERABLY. IN FACT, TRUMP’S MUCH-HYPED JOB
BOOM WAS ACTUALLY THE WORST YEAR OF JOB CREATION SINCE 2011 AND
WE HAVE THE NUMBERS TO PROVE IT BUT CENK WILL DEFEND TRUMP BANK>>A LITTLE BIT.>>WE WILL GET TO THAT
IN A
SECOND. ACCORDING TO BLOOMBERG –>>IF YOU GO TO THE BUREAU OF
LABOR STATISTICS, THE NUMBER OF JOBS CREATED LAST YEAR WERE THE
FEWEST IN THE YEAR SINCE 2011, AND HERE IS A GRAPH TO KIND OF
SHOW YOU HOW THINGS PLAYED OUT THROUGHOUT THE YEAR. 2011 BEING
THE FIRST YEAR SHOWN ON THAT GRAPH, YOU CAN SEE THE DIP FROM
2014 TO 2017. EVEN FOX NEWS HAD TO ADMIT THAT THE JOBS CREATED
UNDER TRUMP’S PRESIDENCY WERE LACKLUSTER, OR THE NUMBER WAS
LACKLUSTER. THEIR TWEET SHOWS YEAR BY YEAR HOW MANY JOBS WERE
CREATED, 2017 WAS THE LOWEST NUMBER SINCE 2011. WITH THAT
SAID, YOU HAVE TO KEEP IN MIND THAT THE UNEMPLOYMENT RATE IS
EXTREMELY LOW SO CENK, THIS IS YOUR OPPORTUNITY TO JUMP IN.>>A COUPLE THINGS HERE. HE SAYS
HE’S NUMBER ONE WITH JOBS, IN TWEET AFTER TWEET, SOMETHING
ABOUT HOW GOD WILL BE AMAZED AT HOW MANY JOBS HE CREATES OR
SOMETHING. OKAY, IF YOU ARE THAT OVER THE TOP I GUESS YOU HAVE A
HIGHER HURDLE TO CLEAR AND HE DIDN’T CLEAR THAT HURDLE BECAUSE
CLINTON AND OBAMA, ETC., WERE BETTER ON AVERAGE. BUT TO BE
FAIR, AND THIS IS A FUNNY KIND OF BACKHANDED COMPLIMENT TO HIM,
OBAMA CREATED SO MANY JOBS THAT THERE AREN’T THAT MANY JOBS LEFT
TO CREATE. SO FOR EXAMPLE WE LOST ABOUT 8.7 MILLION JOBS
DURING THE RECESSION UNDER BUSH. OBAMA, AND AGAIN I’M JUST TRYING
TO BE FAIR, YOU LOSE ALL THOSE JOBS, THEN OBAMA ADDS ALL OF
THEM BACK, YOU GIVE HIM CREDIT FOR THAT, TREMENDOUS CREDIT, BUT
HE HAD TO ADD THEM BACK BECAUSE THERE WAS A RECESSION. THEN YOU
PUT A GRAIN OF SALT ON HOW MANY JOBS OBAMA ADDED BACK BUT HE DID
THE RIGHT THINGS AND GOT THEM BACK AND HE’S PART OF THAT
PUZZLE. NOW THE ON EMPLOYMENT RATE IS LOW ENOUGH THAT IT’S
HARDER TO BRING IT DOWN LOWER. SO TRUMP HAS ADDED JOBS, HE
HASN’T BEEN ABLE TO ADD AS MANY AS OBAMA, BUT HE DIDN’T START IN
AS BIG A HOLE AS OBAMA DID, HE STARTED IN PRETTY GOOD SHAPE. SO
IF YOU WERE BEING FAIR, IF TRUMP WAS BEING FAIR, HE WOULD SAY
OBAMA DID AN AMAZING JOB OF CREATING ALL THESE JOBS SO I
DIDN’T HAVE AS MANY JOBS TO BE ABLE TO CREATE BUT I
DID PUT A GOOD JOB. AND THAT WOULD BE FAIR.>>I ACTUALLY DON’T LIKE THE WAY
THAT THE DATA IS PRESENTED IN REFERENCE TO JOBS, BECAUSE WHAT
DOES IT MEAN, WE CREATED 2.06 MILLION JOBS IN 2017? OKAY, WHAT
IS THE QUALITY OF THOSE JOBS? WILL IT PROVIDE A ROOF OVER YOUR
HEAD OR FOOD ON THE TABLE FOR YOUR FAMILY? I WISH THE
CONVERSATION FOCUSED ON THE QUALITY OF JOBS CREATED RATHER
THAN THERE WERE MILLIONS OF JOBS CREATED UNDER MY PRESIDENCY. I
DON’T CARE. THAT’S REALLY IRRELEVANT TO ME WHEN WE TALK
ABOUT THE WAGES AND HOW STAGNANT THEY HAVE BEEN, AND YES, WAGES
HAVE GONE UP SLIGHTLY, BUT THE MAIN WORD THERE IS SLIGHTLY. IT HASN’T KEPT UP WITH
INFLATION, AND THAT’S THE BIG ISSUE.>>I THINK HE’S TALKING ABOUT
CREATING JOBS FOR MORE MCDONALD’S WORKERS WHO MAKE HIS
FOOD. THERE ARE A WHOLE LOT MORE MCDONALD’S WORKERS. I COME HERE
TO MAKE MY COMMENTARY, I’M A STANDUP COMEDIAN, I’M NOT AN
EXPERT OR A POLITICAL PUNDIT, THAT’S WHAT THESE GUYS ARE HERE
FOR, BUT WHAT I WANT TO SAY ABOUT THIS IS THAT AS OBAMA WAS
A POLITICIAN, AND AS CORRUPT AND AS MESSED UP AS POLITICIANS ARE,
HE SEEMS TO BE THE BAR FOR DONALD TRUMP BECAUSE EVERYTHING
HE DOES IS IN COMPARISON TO WHAT OBAMA DID, AND OBAMA REALLY MADE
SUCH AN IMPRESSION. WHEN I SEE THOSE TWEETS WITH THE LETTER O,
IT’S LIKE AN OBSESSION WITH OBAMA AND UNDOING WHAT HE DID
BECAUSE HIS BASE HATES OBAMA BECAUSE HE WAS A BLACK MAN IN
THE WHITE HOUSE. BUT CAN YOU STOP TWEETING ABOUT OBAMA AND
EVERYTHING YOU DO IN COMPARISON TO WHAT OBAMA DID, AND JUST SET
YOUR OWN BAR AND YOUR OWN STANDARD BECAUSE IT’S
GETTING KIND OF OLD. EVEN THE PEOPLE WHO LOVE DONALD
TRUMP ARE GETTING TIRED ABOUT HEARING OF OBAMA.>>OR CAN YOU JUST STOP TWEETING?>>THAT’S AMBITIOUS.>>MICHAEL SHURE EARLIER MADE A
SIMILAR POINT, AND IT WAS THE ONE WHITE HOUSE CORRESPONDENTS
DINNER I WAS AT, WHEN OBAMA MADE FUN OF TRUMP. AND TRUMP WAS SO
MAD AT THAT. AND YOU KNOW THE RACIAL COMPONENTS TOO, LIKE, WHO
IS THIS GUY TO MAKE ONE OF ME? IT GOT UNDER HIS THIN SKIN. TO
THE SUBSTANCE OF THE JOBS ISSUE, ANA IS OVERWHELMINGLY RIGHT
HERE. AND BY THE WAY, IT’S FAIR TO CRITICIZE BOTH TRUMP AND
OBAMA.>>ANY PRESIDENT.>>IT’S NOT THAT JOBS CREATED ARE
IRRELEVANT, IT’S BETTER TO HAVE JOBS THAN NOT, BUT THE QUALITY
OF JOBS IS A NORMATIVELY IMPORTANT AND THE ONES THAT WERE
CREATED UNDER OBAMA WERE ALSO NOT VERY GOOD. THE ONES CREATED
UNDER TRUMP, ALL OF THESE ARE LOW-WAGE JOBS. AND IT’S NOT
BECAUSE OF OUR PRODUCTIVITY, AMERICAN WORKERS HAVE DONE A
FANTASTIC JOB, PRODUCTIVITY IS SKY HIGH AND HAS BEEN
THROUGHOUT. BUT IN 1978 WAGES FLATLINED, IF YOU LOOK AT THE
CHART IT’S LIKE THIS FOR PRODUCTIVITY, IT GOES JUST LIKE
THAT, SO YOU WERE DOING A WONDERFUL JOB, WORKING YOUR ASS
OFF, AND WAGES ARE GOING UP UNTIL 1978 AND THEN IT FLAT
LINES. THE SYSTEM IS RIGGED, THEY RIGGED IT BY MAKING SURE
THE MINIMUM WAGE STAYS LOW AND GIVING CORPORATIONS
MORE TAX CUTS. THAT’S THE MOST IMPORTANT PART
OF THIS FALLACY.>>I JUST CAME FROM A LITTLE
STEEL TOWN IN PENNSYLVANIA WHERE I WAS PERFORMING LAST WEEK, ALL
THOSE STEEL FACTORIES ARE CLOSED, AND THOSE PEOPLE REALLY
THINK HE’S GOING TO BRING THAT BACK. WE WERE TALKING TO THESE
PEOPLE, AND THEY REALLY THINK, THEY BELIEVE IN HIM, THAT HE
WILL CREATE THESE JOBS IN THEIR TOWN WILL BE BLOOMING AGAIN. AND
THAT’S THE SAD THING, IS THAT –>>AND WHEN THEY COME TO FIND
OUT THAT HE DIDN’T, THEY WILL BE PRETTY PISSED.