The Department of Labor revealed the number of first-time unemployment claims was 360,000 last week.
“First-time jobless claims remain unnecessarily high because of failed Democrat policies. We have a near-record 9.2 million job openings, thanks to President Biden’s overly-generous unemployment bonuses – although, thankfully, 26 Governors have done the right thing by withdrawing early from the program. The same day Senate Democrats announced a $3.5 trillion ‘human infrastructure’ framework that funds Bernie Sanders’ socialist agenda, they let the Restaurant Revitalization Fund expire. Extending the RRF should have been a top priority for Democrats and a rare chance for bipartisan action. But President Biden and congressional leaders remained silent and now 177,000 restaurants and bars are on the brink of permanent closure. There’s still time to renew the program, however, and that should be Washington’s top priority. Taxpayer money isn’t monopoly money, and with inflation surging, it’s time for Biden and the Democrats to do a course correction. They need to start focusing on small businesses and private sector growth, not surrendering to their left-wing base and growing the size of government.”
Mr. Ortiz and economist Stephen Moore recently published an op-ed in the Chicago Tribune arguing that high inflation should spike Biden’s big spending plans. Read it HERE.