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Biden’s economy
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Anonymous
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^^^^
Funny., Biden did more to repair the US economy in half the time. And Trump didn't even inherit a bad economy. Thanks Joe! |
Anonymous
You got it. |
Anonymous
Anonymous
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*handwave handwave* Uhhh must just be more liberal lies, deepfakes by the deep state or sumpthin' yeahhh that's the ticket! |
Anonymous
| Can we get even ONE Republican to admit that FOX and the GOP are lying their asses off by painting the jobs numbers as a "disaster?" |
Anonymous
| especially when, with revisions, the more accurate number is 348,000 for this cycle. |
Anonymous
Evidently not. |
Anonymous
| Ehh. Treasury yields jumped and stocks closed lower today. Not indicative of a good day off this jobs report. Wages not keeping up with inflation. Of note, oil is back to its Pre SPR release with serious upside risk to oil prices. If Dems want to run on this economy in November, the outcome will not be good. |
Anonymous
| I look at labor force participation rate, currently 61.9% which remains at levels well below pre-pandemic levels. I know several people who can't find a job and living off of savings. This is never counted in the bls numbers. |
Anonymous
3 million Boomers retired during the pandemic. LFPR will continue going down, considering we haven't really imported labor for two years and demographic chickens are coming home to roost. That's why there's so many job openings. Anyone saying they "can't find a job" are FOS. Unfortunately, I full expect Boomer elites/voters to clamor for jacked-up interest rates so they can give themselves risk-free money in retirement. It makes sense too, since the labor force won't be big enough to support the aging Boomers and that's going to really drive up wages. |
Anonymous
Yields should be going up. It has been articiailly low for a decade. Also, unlike Trump, no one on the left believe the stock market reflects the economy. Facts matter - unemployment is down, wages are up, jobs are 84% back to where they were. From where we were, and given projections, we are way ahead of where anyone expected the country to be at this time. The GOP has no choice but to trash it, because acknowlding their failures is a loser for their prospects in 2022. Bottom line, it is so much better than it was, but there is a lot more to do. Given what the GOP leaves every time they are done with the white house (1992, 2008, 2020), the Dems provide a much stronger alternative. |
Anonymous
Anyone who cannot find a job right now isn't looking. There hasn't been a better time to look for a job in the last 40 years. |
Anonymous
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If you look at how revisions have been going and the ADP numbers, that 199k is likely going up significantly over the next 2 months.
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Anonymous
Yields are going up on the basis of inflation expectations, not due to normalization. I look at facts, too. While employment is good, real wages are getting hammered by inflation. And, if inflation *is not* transitory, then asset values are about to get hammered in the second half of the year. Look, if this was a great economy then House Dems wouldn’t be retiring by the dozens. Nobody in the Dem caucus wants to run on this economy. We can talk about facts, their meaning and whatever Fox is telling people, but at the end of the day, the verdict on this economy will be rendered in November. If the Dems really offer a much stronger alternative and this record is something to be proud of, they’ll have no issues in November. |
Anonymous