7/6/23: White House cocaine hysteria as jobs numbers double expectation

The David Pakman Show

David Pakman

News, Politics

4.8 • 6.2K Ratings

🗓️ 6 July 2023

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

-- On the Show: -- June jobs numbers are stunning, with 497,000 new jobs created despite an expectation of only 220,000 -- Donald Trump's fundraising explodes, raising $35 million in the 2nd quarter of 2023 -- Mark Zuckerberg's Meta releases its Twitter competitor Threads, immediately triggering Elon Musk, but we wonder whether this is the right direction for social media in general -- Cocaine has been found at the White House in a visitors room accessible to members of the public taking tours of the White House -- Failed former President Donald Trump explodes in a hysterical rant about the cocaine found at the White House -- Republican Congressman Darrell Issa wildly suggests, lacking any evidence or logic, that the cocaine found at the White House might belong to Hunter Biden -- Fox and Friend shots Brian Kilmeade says maybe there was fentanyl in the cocaine found at the White House, which visibly confuses co-host Steve Doocy -- Despite endless complaints about David's new children's book on critical thinking, it has become the #1 bestseller on Amazon for Children's Reference and Nonfiction -- Fox News host Julie Banderas claims she's "just asking questions" about the cocaine found at the White House belonging to Hunter Biden -- A woman criticizes Mike Pence to his face for not going along with Trump's plan to overturn the 2020 election -- A possibly antisemitic voicemail caller says that David should not travel by plane because he claims to care about the environment -- On the Bonus Show: Earth sees its hottest day in history, Central Park Five member Yusef Salaam wins NYC council Democratic primary, Matt Gaetz proposes ending cannabis testing for military, much more... 😁 Zippix Toothpicks: Code PAKMAN10 saves you 10% at https://zippixtoothpicks.com 💻 Get Private Internet Access for 83% OFF + 4 months free at https://www.piavpn.com/David 💰 Public.com: Start getting a 5% yield on your cash at https://public.com/pakman 🏠 Watch David's "Replace Your Mortgage" interview at https://replaceyouruniversity.com/pakman -- Become a Supporter: http://www.davidpakman.com/membership -- Subscribe on YouTube: http://www.youtube.com/thedavidpakmanshow -- Subscribe to Pakman Live: https://www.youtube.com/pakmanlive -- Follow us on Twitter: http://twitter.com/davidpakmanshow -- Like us on Facebook: http://www.facebook.com/davidpakmanshow -- Leave us a message at The David Pakman Show Voicemail Line (219)-2DAVIDP Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I have incredible economic data to start today with and I tell you these jobs numbers, not
0:24.3	because they are the proof that everything Joe Biden has done has been correct. These numbers
0:30.2	are not proof that Biden has fixed the systemic and structural issues with our economy,
0:35.6	which include inequality and so many other things, which we talk about all the time. I
0:40.1	give you these numbers so that you understand that by the same metrics that Republicans
0:46.0	use to judge their presidents, the economy is doing fine. Now, fine doesn't mean there
0:53.8	will never be a recession. Fine doesn't mean some people are unemployed. Fine means there
0:59.9	is no great alarm sounding of an imminent Biden-induced recession. Let's first talk about
1:08.8	the data. 497,000 jobs added in June. You might say, well, I don't know, three hundred
1:17.0	but 40, 335 million people in the United States is 497,000 new jobs in June. Remarkable. It's
1:24.4	remarkable in the sense that the estimate was that there would only be 220,000 jobs added
1:29.8	in June. And the real number 497,000 is more than double that, more than double that.
1:36.7	This is also significantly more than the 267,000 jobs that were added in May. The leading industries
1:46.6	were leisure and hospitality. Some say leisure. I know people who say leisure and hospitality.
1:52.6	Either way, these are jobs paid in US dollars, no matter what pronunciation you use. 232,000 of
1:58.6	that 497 was leisure and hospitality, nearly 100,000 jobs in construction, trade transportation
2:05.8	and utilities at 90,000. Also interesting when it comes to construction, this is an industry
2:12.0	that when you talk to random people who were supporters of MAGA in Trump's first term,
2:20.2	they would say construction is booming under Trump. And we really think construction is an
2:27.5	important leading economic indicator. When you see more construction jobs, you know that in the
2:33.0	future, if it's commercial offices that are being built, those will eventually be filled with
2:37.6	tenants. So that's a leading indicator for a good economy. When you're talking about houses,
	...

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