Stephen Moore to Newsmax TV: Strong Jobs Data 'Undercuts' Trump Impeachment Argument
By Todd Beamon Friday, 06 Dec 2019 5:12 PM
A 50-year low in the nation's unemployment and other robust economic data reported Friday "really undercuts the whole argument" for impeaching President Donald Trump, former economic adviser Stephen Moore told Newsmax TV on Friday.
"Just give the guy a slap on the wrist, censure him and let him do his thing," Moore, a distinguished visiting fellow at the Heritage Foundation, told "America Talks Live" host John Cardillo.
"Why Nancy Pelosi would want to go through with this sham impeachment, when we have the best economy in 50 years … ," he added, referring to the House speaker, D-Calif.
The Labor Department reported Friday that the U.S. unemployment rate fell to 3.5%, from 3.6% in October, matching a half-century low, as employers added 266,000 jobs.
In addition, wages rose a solid 3.1% in November versus a year earlier.
"We now have 7 million more jobs in the United States that are open," Moore told Cardillo. "We have more jobs open than we have people unemployed.
"It's a really solid number," he said of the jobless rate.
"We had good gains in manufacturing. We had some good gains in the service industries and in technology. It's across the board.
at a very, very healthy pace."
American businesses are expanding
at a very, very healthy pace."
Moore, who helped design
President Trump's tax-cut plan,
told Cardillo that the program has
particularly benefitted middle-class
Americans.
President Trump's tax-cut plan,
told Cardillo that the program has
particularly benefitted middle-class
Americans.
"This is the best economy for the
middle class we've seen in decades.
middle class we've seen in decades.
"When we put the Trump tax plan
together, it was not designed to help
rich people," he explained.
together, it was not designed to help
rich people," he explained.
"It was always designed to create a
very tight labor market, create a lot
of new jobs in the United States, so
workers would have more bargaining
power.
very tight labor market, create a lot
of new jobs in the United States, so
workers would have more bargaining
power.
"You're starting to see that," Moore said.
"Workers care getting to see nice wage
increases.
"Workers care getting to see nice wage
increases.
"The wage increases are going to people
at the bottom, not just to the people at
the top".
at the bottom, not just to the people at
the top".
