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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.

Border Security

Mexican Government Reported that Nearly 80,000 People are Still Missing

Mexico Spirals Out of Control While Joe Biden Promises Mass Amnesty

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According to a report released by the Mexican government on November 25, 2020, over 79,500 people are still missing in Mexico.

This comes in the backdrop of Mexico’s infamous military offensive against drug cartels in 2006. Since the erstwhile president Felipe’s military offensive against drug cartels, the number of missing people in Mexico has skyrocketed.

Before 2006, there were 1,500 disappearances in Mexico, per statistics that Deputy Human Rights Minister Alejandro Encina put forward. Since July, there have been roughly 6,300 new cases reported.

Encina observed, however, that the number of disappearances have dropped since 2019.

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Mexico is notorious for its alarming levels of violence, which is largely perpetuated by organized crime. In 2019, 34,582 people were murdered. So far in 2020, 26,431 people have been murdered from January to September. 

Encinas claimed that Mexican authorities have discovered 1,399 mass graves in Mexico over the past two years. Of the 2,290 bodies discovered in the graves, 879 have been identified.

Mexico is not in good shape and that’s putting it lightly. America at least recognized this with Donald Trump in office. Trump was elected on an America First platform which stressed tough policies on the border and was not willing tolerate mass immigration like his predecessors.

Sadly, the apparent president-Joe Biden is more concerned with trying to pass mass amnesty for 11 million illegal aliens and freezing deportations for 100 days.

Securing our Southern border is a recognition of the cold, hard truth that Mexico is falling apart, and it’s institutional and social rot could potentially make its way up north. Much to America’s chagrin, the next occupant of the White House will likely not recognize that. Should fraud allegations fail to invalidate the current results of  the 2020 elections, America First patriots must act accordingly and make immigration a massive issue during the 2022 midterms, both in the primaries and general election.

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