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WSJ slaps Trump over ghastly jobs report — and blames his disastrous tariffs

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The editorial board of the Wall Street Journal took President Donald Trump to task over the latest jobs report, saying his interference in markets and trade policy is damaging the economy and he needs to butt out.

Noting a meager 75,000 jobs created, the editorial gets right to the point: “President Trump understandably talks up the job creation on his watch, so he should heed Friday’s Labor report that showed a sharp pullback in hiring. The labor-market warning reinforces other evidence that the uncertainty caused by scattershot tariffs is now hurting employment as well as investment.”

With Trump threatening tariffs on a whim over unrelated economic issues, the editors went to so far as to explain to the president the success former President Barack Obama had in creating jobs while pointedly stating under Trump, “The jobs trend this year is going in the wrong direction.”

The WSJ editorial specifically targeted Trump’s trade wars.

“The uncertainty from the risk of a multi-front trade war is sinking in. A month ago the Trump Administration was close to an agreement with China before talks collapsed and the President slapped 25% tariffs on $200 billion in goods. Then out of the blue last week Mr. Trump announced escalating tariffs on Mexico as punishment for unspecified derelictions on immigration,” they wrote.

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Tariffs have already slammed farm exports and income, but the effects of trade uncertainty are rippling out. Farm equipment and chemical manufacturers have reported lower orders. Businesses are delaying investment decisions. Global trade flows are slowing, and commodity prices are down,” they continued, before warning darkly, “The May jobs report is a flashing yellow light that Mr. Trump needs to settle his trade wars and get back to promoting growth.”

You can read more here (subscription required).

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2020 Election

Bernie Sanders’ staff demand to be paid the $15-an-hour minimum wage he advocates: report

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Campaign workers working for Sen. Bernie Sanders (I-VT) are demanding an increase in pay consistent with the senator's campaign rhetoric, The Washington Post reported Thursday.

"Unionized campaign organizers working for Sen. Bernie Sanders’s presidential effort are battling with its management, arguing that the compensation and treatment they are receiving does not meet the standards Sanders espouses in his rhetoric, according to internal communications," the newspaper reported.

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2020 Election

Here is why Nancy Pelosi allowed a House impeachment vote

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Admitting that he isn't privy to insider knowledge from the Democratic leadership, Bloomberg columnist Jonathan Bernstein suggested that House Speaker Nancy Pelosi may be playing a much longer game on the possibility of impeachment hearings on Donald Trump than her detractors believe.

Wondering, "Is Nancy Pelosi closer to impeachment?' Bernstein writes, "Usually, when a regular bill or resolution has been introduced, it’s then referred to committee. If the majority party doesn’t want to consider the bill, it will die with no further action. Under House rules, however, any member can force an impeachment resolution onto the floor as pending business. That’s what [Rep. Al] Green (D-TX) did Wednesday."

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2020 Election

White House aides fear Trump believes House vote against impeachment means it’s never going to happen: report

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A proposal to start impeachment hearings that failed in the House on Wednesday led Donald Trump to optimistically proclaim that his presidency is safe at his North Carolina rally last night. But his proclamation has some White House officials worried the president really believes he is out of the woods.

According to a report at Politico, close aides to the president worry that his comment that "we have all this [impeachment] behind us," may be based on an unfounded notion by Trump about how Congress works.

Speaking at his campaign rally in Greenville, N.C., Trump boasted to the crowd, "I just heard that the United States House of Representatives has overwhelmingly voted to kill the most ridiculous project I’ve ever been involved in: the resolution -- how stupid is that -- on impeachment. I want to thank those Democrats because many of them voted for us, the vote was a totally lopsided 332-95-1.”

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