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Federal Reserve Chair Says 40% of American Households Making Less than $40,000 Annually Became Unemployed in March

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On May 12, 2020, Federal Reserve Chair Jerome Powell said that a significant segment of low-income earners were laid off in March.

“A Fed survey being released tomorrow reflects findings similar to many others: Among people who were working in February, almost 40% of those in households making less than $40,000 a year had lost a job in March,” Powell said during a webinar at the Peterson Institute for International Economics.

“This reversal of economic fortune has caused a level of pain that is hard to capture in words, as lives are upended amid great uncertainty about the future,” he stated.

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A large portion of those jobs impacted are in the service sector, which generally do not come with benefits such as paid sick leave or offer their employees remote work opportunities.

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According to a survey from the Pew Research Center that was published in April also revealed that one in four lower-income adults had any savings to stave off financial shocks brought about by unemployment and other economic emergencies.

Powell understands the gravity of the situation that the virus has brought about. He also pushed for even more relief measures to keep America’s damaged economy intact.

“Additional fiscal support could be costly, but worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery,” he assert.

During the past two months, over 33 million Americans have filed unemployment claims, as large numbers of businesses are closing their doors and state governments are passing stay-at-home orders.

Democrats recently rolled out a $3 trillion spending proposal with the intent of doling out handouts to states, businesses, and people rattled by the pandemic. Senate Republicans are likely going to kill such legislation once it arrives in the Senate.

It’s become clear that America must reopen or it will face tremendous economic hardship.

Shutting down the economy over a virus that does not represent an apocalyptic threat to America is unacceptable at this point and will put millions of working class Americans in economic limbo.

Big League Guns

Merrick Garland Suggests that Getting Rid of Lawsuit Protections is Not a Second Amendment Violation

Garland as AG will be a disaster for the right to bear arms.

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If Merrick Garland is nominated as Attorney General, the Second Amendment is in big trouble.

Based on his comments at a Senate hearing on February 22, 2021, Garland made a suggestion that the repeal of lawsuit protections for gun manufacturers is not unconstitutional. 

AWR Hawkins of Breitbart News reminded his readers that President Joe Biden campaigned on a platform of repealing the Protection of Lawful Commerce in Arms Act (PLCAA), which shielded lawful gun manufacturers from lawsuits.

In a previous Breitbart News report, Biden spoke at an MSNBC forum in 2019 alongside gun control organizations such as March for Our Lives where he expressed his support for gun manufacturers to be subject to lawsuits.

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At the speech, Biden suggested that the PLCC be repealed. He declared, “No other outfit in history has gotten this kind of protection” and asserted that the legal actions would bring about “change overnight.”

In a subsequent occasion on February 7, 2020, Breitbart News covered Biden’s remarks to a New Hampshire crowd, in which he stated that it was a “mistake” to shield firearms manufacturers from lawsuits. He continued, “The first thing I’m going to do as president is work to get rid of that.” 

Later that month, Breitbart News recalled how Biden called out gun manufacturers at a South Carolina rally and boasted, “I’m going to take you down.”

According to a report by The Salt Lake Tribune, Utah Senator Mike Lee asked Garland about his views on removing protections for gun manufacturers. Garland responded, “I have not thought myself deeply about this. I don’t think it raises a Second Amendment issue.”

When he was questioned if he is in favor of Biden’s plans to ban so-called “assault weapons”, Garland responded, “Where there is room under the law for the president’s policies to be pursued, then I think the president is entitled to pursue them.”

Biden’s track record as a gun control proponent is well-documented. From his support of gun-free zones at schools to the 1994 Assault Weapons Ban, Biden is Gun Control Inc.’s guy. With Democrats in control of the House and the Senate, there will most certainly be attempts to ram gun control down our throats. If they can’t beat us legislatively, they will most certainly use the courts to undermine the Second Amendment. Pro-gun organizations should be ready to lawyer up and use whatever means possible to keep courts from destroying our rights.

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