Saturday, October 31, 2026
Tailors and cobblers to the rescue.
The US midterm elections on November 3, in which Democrats are heavy favorites to win the House," "will set political constraints on President Donald Trump for the rest of his term across trade, immigration, and foreign policy." "A Democratic House would put tariffs under sharper scrutiny, but would not reverse them." And "could slow down restrictive immigration measures." TIE. Before celebrating any Democrat victory, the media should remember that it was a Senator Joe Biden who blocked India's purchase of cryogenic engines from Glavkosmos of the Soviet Union in January 1991 (Indian Defence News), it was a President Bill Clinton who levied sanctions on India in January 1999 (CBC) and it was a President Barack Obama who provided Pakistan with F-16 fighter jets, fast patrol boats, self-propelled howitzer field artillery cannons, night-vision goggles and smart bomb equipment, with a promise to provide more F-16s, leading up to 2010 (India Today), as a bribe, to eliminate Osama bin Laden with the help of Pakistan's ISI in 2011 - confirmed by then Prime Minister of Pakistan Imran Khan in 2019 - (Mint), and to win re-election in November 2012 BBC). Democrats all, causing great damage and danger to India. "The US economy grew at its fastest pace in the third quarter," as "Gross domestic product increased at a 3.4% annualized rate last quarter," because "Consumer spending, which accounts for two-thirds of the economy, increased at a 3.8% rate in July-September period." Reuters. "Since January 2025, manufacturing jobs have indeed fallen by about 100,000 workers, or roughly 0.6%. In the same period, though, manufacturing production rose 2.3%, and manufacturing shipments, unadjusted for inflation, climbed 4.2%." WSJ. "The number of Americans filing new claims for unemployment benefits hovered near 57-year lows last week amid labor market resilience. Initial claims for state unemployment benefits fell 1,000 to a seasonally adjusted 194,000 for the week ended October 24, the Labor Department said." Reuters. A large number of jobs could have been created as, "US consumers taking weight-loss drugs like Novo Nordisk's Ozempic and Eli Lilly's Mounjaro have turned to cobblers and tailors as they try to save money while shedding pounds, motivated in part by a cost-of living squeeze and rising out-of-pocket costs for the drugs as US employers increasingly drop GLP-1 coverage." "Cobblers Direct,...is seeing double-digit year-on-year growth in its belt-shortening business, said CEO Stephen Kelly." Reuters. "The Federal Reserve kept interest rates steady on 28 October as expected." But, "The Fed upgraded its assessment of the economy to 'strong' from the 'solid' expansion seen as of the September meeting, while describing investment as robust and jobs gains as keeping pace with the workforce." Reuters. Meanwhile, "UK Finance Minister John Healey offered help to households buffeted by 'global economic storms'," but "The Office for Budget Responsibility warned that living standards would fall before edging only fractionally above their level before the Covid pandemic by the end of the decade." "It is a pretty grim picture," senior OBR official David Miles told reporters. Reuters. Clearly, belt-tightening means opposite things on the opposite sides of the pond. Tariffs, inflation, war, and yet the economy is growing, unemployment is low and consumers are spending. Put a stop to it. Vote Democrat.
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