You want to know who’s a ‘job creator’ and who isn’t? Watch what Wall Street cheers for.
A ‘strong’ jobs report last month — the kind where regular people actually have work and a little leverage — sent the Nasdaq down 4.2% in a single day. Investors got the vapors. The Federal Reserve, they were afraid, might do the thing they’re supposed to do when the economy is good: slow it down a little before it overheats.
Now June’s jobs report comes in soft. Fewer jobs. Weaker numbers. Regular folks losing ground.
And the Dow hit a record. 52,305.24. Investors popped champagne and rotated out of AI stocks into healthcare and consumer staples — the same places they wouldn’t touch when my neighbors were working.
You cannot make this shit up. The market wants my neighbors broke. That’s the play. Wages flat, jobs scarce, the Fed holds the line on easy money, and the donor class keeps the asset bubble rolling. The ‘strong economy’ they tell working people to be grateful for is the same strong economy they pray, on their goddamn knees, doesn’t show up in the data.
This is what ‘a good economy for everyone’ actually means to these fuckers: a good economy for them when it’s bad for the rest of us. They don’t even hide it. They brag about it in the Wall Street Journal.
Take the flag pin off before you rob the family, you donor-owned dickweeds. Eat shit and do goddamn better.
Source story: Dow hits record as weak jobs report shifts Wall Street strategy.