Trump Super PAC Ramps Up Email Ad Spend, Led By Admitted Fraudster
- by Jess Nelson , July 7, 2016
Get Our Jobs Back Inc., a Super PAC supporting Donald Trump's presidential candidacy, announced that it would increase its digital marketing ad spend to millions of emails
per week ahead of the 2016 election.
The Super PAC is led by Steven Hoffenberg, the chairman of financial services company Towersinverstors.com and CEO and publisher of Christian faith-based online publication PostPublishing.Buzz.
In 1995, Hoffenberg pleaded guilty to a Ponzi scheme that defrauded investors of $475 million.
The Trump Super PAC plans to spend $50 million in digital marketing campaigns from now until Election Day on November 4. As evident by the name, Get Our Jobs Back Inc. claims that the U.S. job market has suffered at the hands of the Obama administration and that Donald Trump would provide more job opportunities to Americans as president.
According to the Bureau of Labor Statistics, the job market has actually seen steady improvement during the Obama administration. The U.S. unemployment rate was 4.7% in May 2016 and the number of long-term unemployed and number of those who have lost jobs have also both declined, according to the Bureau.
Donald Trump has faced challenges with his email marketing campaign. Trump has a critical issue with spam in his email marketing, and his sending of fund-raising emails to foreign politicians has landed him in hot water with the FEC.
According to The New York Times most recent calculations, Clinton has out-fund-raised Trump by five to one. Clinton has raised $334.9 million but has only spent $195.7 million, while Trump has raised $67.1 million but has spent $64.6 million of it.
I wish writers would do their homework and be more truthful when reporting unemployment numbers in their articles because it presents the wrong picture. The unemployment report is actually composed of six numbers. If you look at the details, the picture isn't that rosy and distorts the truth. The 4.7% number you listed for May comes from the U-3 rate is defined as the "total unemployed, as a percentage of the civilian labor force." A broader figure is the U-6 rate, which many economists rely on as a more accurate portrayal of unemployment in the country. The U-6 rate is defined as all unemployed as well as "persons marginally attached to the labor force plus total employed part time for economic reasons, as a percent of the labor force." That means the unemployed, underemployed and the discouraged who have given up looking for a job. While the U-6 has made gains under the Obama administration, it still remains stubbornly at pre-recession levels. Prior to the recession, both rates hit a low in December of 2006, with the U-3 at 4.4% and the U-6 at 7.9%. In June of 2016, despite several rounds of quantitative easing by the Fed, near zero interest rates, and tripling of the national debt due to government spending, the U-3 is 4.9%, and the U-6 is 9.6%. Both rates are still higher than their December 2006 lows. If you believe forcing people out of the labor force and reducing real wages to be a win, you're missing the goal of economic growth. It's the reason why people are unhappy if not outright angry at their government. Trump's email marketing challenges, Hoffenberg's Ponzi scheme, and Clinton's lies about never sending any classified emails through an unauthorized server all show that this election has come down to a choice between the lesser of two evils.
The u6 hit a low in 2006 near the hight of the market/realestate bubble. It is STILL at or near MOST lows for the period 1994 to the present. http://www.macrotrends.net/1377/u6-unemployment-rate Way WAY lower than the 17% at the beginning of Obamas administration.
And that is in spite of the fact that during that time state governments have been shrinking more jobs have been outsourced.
I wish more commenters would do THEIR homework, they'd realize that no one is forcing people