The Corner

Sen. Sessions Gives First of Several Speeches About U.S. Economy

Yesterday, Senator Jeff Sessions (R., Ala.) gave the first in a series of speeches about the state of the U.S. economy. The full speech is here, and it is excerpted below:

The sad fact is that the state of middle- and lower-income Americans is worsening on nearly every front. The slow growth of the economy (the slowest economic recovery from a recession since World War II) is restraining the normal upward movement in income that previous generations have experienced. And, if you don’t have a job, you’re twice as likely to only find part-time as full-time work — if you can find any work at all.

According to the U.S. Census Bureau, middle class incomes have declined for 18 years. Different parties, different presidents, different majorities in Congress. That means that savings for college and retirement are growing at all-time lows.

Young people are not marrying as early as they want, due to bad economic prospects. That means that families are launching later in life, which gives couples fewer years to pay down a mortgage or raise children.

Perhaps the single greatest source for economic anxiety for working Americans is the fear of losing their jobs.

Fewer people are working today than in 2007. That’s actual numbers — even though population has increased. Just before the recession hit in December of 2007, about 62.7 percent of the working-age population was working. If that same percentage was working today, we would have 154.1 million jobs. But we don’t. We have 144.2 million jobs and only 58.6 percent of the population is working.

In short, we’re missing 9.9 million jobs when we compare this economy to the one in 2007.

NRO Staff — Members of the National Review Online editorial and operational teams are included under the umbrella “NR Staff.”

Most Popular

National Security & Defense

Leave McMaster Be

About every two months, there are rumors that Gen. H. R. McMaster might be let go as Trump’s national-security adviser (along with many other stellar appointees). The world, however, is a much more logical and predictable place than it was 14 months ago. We’ve restored ties to the Gulf monarchies; Israel ... Read More
Economy & Business

What Kudlow Got Right in 2007

Lawrence Kudlow’s appointment to be director of the National Economic Council has brought out the critics, who have combed through his copious writings to find every wrong call he has made over the decades. One passage that has come in for some ridicule, though, doesn’t deserve it. Here’s Kudlow, writing ... Read More
Film & TV

Love, Simon Outs Hollywood’s Youth Exploitation

Simon (Nick Robinson), the 17-year-old white gay high-school student in Love, Simon, appears to be a comic version of the protagonist in Moonlight. Rather than blatantly copy that Oscar-winning black-gay-victim film, Love, Simon remakes the pathetic Moonlight in the more marketable guise of a sitcom about a ... Read More

Caesar salads, black-eyed peas, &c.

A story I heard about Trump reminded me of a story I once heard about Lyndon Johnson -- the two men have some traits in common. The story about Trump comes from the Wall Street Journal, to wit, In a private room in China’s Great Hall of the People in November, Secretary of State Rex Tillerson sat with ... Read More

Don’t Bork Gina Haspel

President Donald Trump’s pick for CIA director is about to experience a good Borking. No one doubts her professionalism, and she’s been endorsed by Obama intelligence officials. Yet Gina Haspel’s long career at the agency, including extensive work undercover in the field, is getting blotted out by her ... Read More