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WATCH: Nancy Pelosi Tries to Downplay Record-Low Unemployment Rate Under Trump

During her Thursday press briefing, House Minority Leader Nancy Pelosi (D-Calif.) faced a difficult choice: either admit that an 18-year low in unemployment was good news or downplay and avoid giving President Donald Trump credit.

She chose the latter, saying that unemployment was only part of the economic picture. A reporter had asked her “The unemployment rate in May was 3.8 percent—the lowest it has been in 18 years. Is that good news?”

“We are going to increase the frustration of America’s families,” Pelosi argued, “because they’ll be saying: Hip, hip hooray, unemployment is down! What does that mean to me in my life? I need a bigger paycheck.”

Pelosi said that consumer confidence and wage growth were also important indicators that shoudn’t be ignored in the face of a lower unemployment rate.

“This isn’t just about the unemployment rate. it’s about wages rising in our country, so that consumer confidence is restored,” she said.

She added that the United States was experiencing a unique time in which Americans saw a decrease in unemployment but not government dependency.

“This is one unusual time and I follow it closely, where the unemployment rate is down, but the dependence on subsidies, food insecurity, housing subsidies, and the rest, has not gone down because of the wage stagnation,” she said.

As Independent Journal Review previously noted, the United States added 223,000 jobs in May while average hourly pay increased 2.7 percent since the same time last year.

Unemployment among black Americans also reached the lowest level seen since the government started tracking it in 1972.

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2 Comments

2 Comments

  1. paulette

    June 9, 2018 at 8:36 pm

    THIS FROOTLOOP NEEDS TO GO BACK IN HER BOX AND SHUT UP

  2. Kenneth

    June 9, 2018 at 8:36 pm

    Pelosi should be guillotined. She robbed taxpayers of their money despite having 250 billion in at least 2 offshore accounts and she has the gall to complain about other people’s wages. That cunt and her entire party is the reason people’s wages are so low.

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