Economist bursts Bernie’s bubble of ‘federal jobs guarantee’

Sen. Bernie Sanders

New economic reports suggest an increasingly thriving economy, thanks to changes in regulatory and tax policy, and the Bernie Sanders promise of the government providing a job, an education and health care is just a fantasy that ultimately ends in misery, according to Texas Public Policy Foundation chief economist Vance Ginn.

Numbers released Thursday from the Labor Department show that, in the final week of April, just 211,000 Americans filed first-time unemployment claims. That’s the lowest number since 1969. The monthly average for April was 221,500 new claims, the lowest since 1973, when the U.S. workforce was half the size it is now.

Ginn told WND and Radio America there are pretty simple reasons for the low numbers.

“A big part of it has to do with the regulatory reform,” he said. “The rollbacks by the Trump administration last year gave some more consumer and business confidence

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