The Flinchum File
Thoughtful Economic Analysis and Existential Opinions

100 Straight . . .

02/03/2019

For a record-breaking 100 straight months, which is long before President Trump took office, the American economy has been producing jobs – lots of them!  Last month, we produced a whopping 304 thousand jobs and have averaged 234 thousand a month for the past twelve months.  Also, individual earnings are up, and more workers are entering the workforce.  It is yet another indication of the strength of our economic system.

For the last 19 months, Special Counsel Mueller has been investigating Russian interference in the 2016 election and has already indicted 34 people.  Plus, I’ve lost count of how many Administration officials have had to resign for ethical reasons.  Those are yet more indications of the weakness of our political system.

I recall the old joke about the scorpion who asked a dog if he could ride on the dog’s back as he swam across the river.  Halfway across, the scorpion fatally stung the dog, who asked “why?”  The scorpion replied simply “because I’m a scorpion and that’s what scorpions do.”

It is unfair to say politicians always hurt the economy, just because they are politicians.  It may be fair to say political systems are often a drag on the economy . . . but not always.  I do believe our political system of personal destruction and our “win-at-all-costs” culture will cripple our economy in the long run.

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