5/9/24: Worm ate RFK's brain, Biden goes for it on job creation
The David Pakman Show
David Pakman
4.8 β’ 6.3K Ratings
ποΈ 9 May 2024
β±οΈ 56 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | I want to start today by talking about jobs. |
| 0:06.8 | I want to start today by talking about jobs. |
| 0:09.9 | We both have some sort of tepid news about jobs today and also some extraordinarily good |
| 0:17.2 | news about jobs related directly to the Biden administration. |
| 0:21.0 | And I think it's important to keep in mind that when you have a record of very high level of job |
| 0:26.8 | creation at some point it's going to slow down this is sort of the way the economy works and there is a lot of focus being put on an apparently negative headline that I think is very important to contextualize. |
| 0:39.3 | So let's take a look at this kind of in pieces. First and foremost, weekly jobless claims have |
| 0:45.8 | jumped to 231,000, and this is the highest since August. Now a lot of this remember is in the way you write a headline. The numbers |
| 0:55.0 | are jobless claims total to seasonally adjusted 231,000 for the week ending last week. |
| 1:01.3 | That's up 22,000 from the week before and the highest |
| 1:05.1 | number since August 2023 now bear in mind that that's about the last nine |
| 1:09.8 | months and president Joe Biden has now been president for more than three years. |
| 1:14.2 | So there is a lot being made out of, uh-oh, this is the worst number for new jobless claims in nine months, but the bigger picture is really an extraordinary record of job creation to some degree buoyed by the recovery from the pandemic that is completely external to |
| 1:35.2 | the Biden administration to some degree buoyed by global business cycles and |
| 1:40.8 | and things that have nothing to do with Joe Biden. |
| 1:43.5 | It's really important that this is not a show where I play the political football with the jobs |
| 1:48.0 | and with the debt and with the deficit and with gas prices, presidents have some to do with this, but a lot of it is much bigger but |
| 1:54.0 | the important takeaway here is that we had a Republican party and a Republican |
| 1:58.8 | candidate in Trump and a right-wing movement in MAGA that for all of 2020 we were told if Biden wins the |
| 2:06.3 | economy will end you will have a 1929 style depression no one will be |
| 2:10.8 | working the stock market will be in the toilet. You will have no indoor heating no indoor cooling I mean you'll have to flush toilets 10 to 15 times |
| 2:18.3 | None of these things happened save the power flushing by Trump. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from David Pakman, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of David Pakman and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright Β© Tapesearch 2026.

