House Minority Leader Nancy Pelosi is back at it. While speaking to a group of reporters, she downplayed unemployment rate and played up the importance of consumer confidence. She also spoke of the Dems’ plan to increase it. There is only one problem with this: consumer confidence is at an 18-year high.
Just last Friday the jobs report showed that unemployment is at 3.8%, which happens to be the lowest it has been in 50 years.
Per Daily Wire:
“Well, as I said, unemployment rate is one indication,” Pelosi said. “The fact is, and this has happened before, that people say, ‘Oh my goodness, that people are saying the unemployment rate is down, why isn’t my purchasing power increasing?'”
“So, this isn’t just about the unemployment rate, it’s about wages rising in our country, so that consumer confidence is restored,” Pelosi continued. “Because our economy will never fully reach its possibilities unless we increase the consumer confidence and that can only be increased by a better deal, better jobs, better wages, better future, and lowering costs to families — whether its prescription drugs, by really lowering the cost of prescription drugs — and that list goes on.”
Unfortunately for Pelosi, consumer confidence is at an 18-year high.
Watch – Nancy Pelosi attempts to slam Trump and it blows up in her face
How many times will Pelosi make herself look like a fool? Time and time again she says something that completely contradicts the point she is trying to make.
Check out some of the reactions from Twitter:
#NancyPelosi is downplaying our booming economy, AGAIN. She doesn’t care that the economy is improving & consumer confidence is near 18yr highs. She doesn’t understand people vote with their pocketbooks. She needs to go back to school and try Econ 101. pic.twitter.com/PcipZ0n7rk
— Trish Regan (@trish_regan) June 8, 2018
Capital accumulation is up, manufacturing optimism is up, consumer sentiment is up — these are carefully tracked indexes by economists at the U. of Michigan, and they all say the U.S. economy is doing remarkably well, and it will get better. https://t.co/vYBlPrw9pr #TaxReform
— Rep. Dave Brat (@RepDaveBrat) June 4, 2018
Do you remember when @NancyPelosi compared #taxreform to “crumbs” and “Armageddon”? The recent jobs report showed that our economy has produced more than 1 million jobs since #taxreform passed, with unemployment at an 18-year low. That doesn’t sound like Armageddon to us! pic.twitter.com/NJJFMwZDWW
— Senate Republicans (@SenateGOP) June 6, 2018
I simply can’t imagine Negative Nancy Pelosi being Speaker Of The House. #Crumbs. Out of touch and tone deaf
Downplaying and being deceitful in these statements. Wages are actually increasing (fact) just reported with last jobs report. Food… https://t.co/wvclHrZsNd
— Ed (@EdOffner) June 8, 2018