Trump Touts ‘Historic’ June Jobs Report

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Good Report

The Headline

Trump Touts ‘Historic’ June Jobs Report

The Grind

President Trump, during a pre-holiday press briefing at the White House, touted the June jobs report that indicated the economy is beginning to rebound from the depths of its crash during the coronavirus pandemic.

“Our economy is roaring back,” Trump declared Thursday, saying the response to the coronavirus pandemic, coordinated with governors, is “working out very well.”

He added: “These are historic numbers.”

The Details

“The United States economy added almost 5 million jobs in the month of June, shattering all expectations,” Trump said. “The stock market is doing extremely well … this is the largest monthly jobs gain in the history of our country.”

Trump also took a swipe at presumptive Democratic presidential nominee Joe Biden, without naming him, warning that any effort to raise taxes would reverse economic gains.

“These are numbers that are not numbers other presidents would have,” Trump said. “The only thing that can kill it is a bad president or a president that wants to raise taxes. You want to raise taxes, this whole thing, your 401Ks will drop down to nothing, and your stock market will drop down to nothing.” Read more…

 

 

 

 

Surge

The Headline

FBI: Record-Shattering Surge in Gun Sales

The FBI recorded its highest-ever number of background checks for gun sales in June, a 70% jump over June 2019 and the latest evidence that more guns will be sold in 2020 than ever in American history.

The agency’s National Instant Criminal Background Check System said it conducted 3,931,607 checks in June, beating the record of 3,740,688 registered in March. So far this year, there have been 19,180,047 NICS checks, more than in all of the first 14 years of the system started in 1998.

While the number does not exactly correlate with gun sales, it is used to estimate the number of weapons that trade hands.

The Details

Gun stores told Secrets that there is a backlog on weapons, ammunition, and even parts.

The trade group Small Arms Analytics & Forecasting told Secrets that gun sales actually skyrocketed 145%, based on their data. They estimated sales at 2.4 million, though that doesn’t include person-to-person sales which in many states do not require background checks.

Sales began to surge this year because of the upcoming 2020 presidential election and the possibility that gun control advocate Joe Biden would win. It sparked again when Virginia surprisingly put limits on guns in a model other states started to eye. Read more…

 

 


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