Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:December Jobs Report: 216,000 new jobs, unemployment holds steady at 3.7%. Wage growth: 4.1% in past year (well above 3.1% inflation).

Details matter.

Maybe zerohedge would also like to superimpose that second graph over the "native born population growth" which has actually decreased, so "native born" employment is actually up. But they won't tell you that.

Most right wing “facts” are built upon lies and exaggerations. Like trickle down economics for example. Like Reagan in general strangling workers’ rights.

[Anonymous]

Trickle-down economics
Welfare Queens
Family values
Back the Blue

there is no end to GOP lies

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The US economy is doing great but not in many blue states. In MD, economic growth has been effectively stalled since 2017. Dems at the state and local levels need to deal with this.
Maryland’s economic woes predate pandemic, report finds

https://www.washingtonpost.com/dc-md-va/2024/01/03/maryland-economy-lags-women-workforce/

GOP governor til last year, what do you expect?

They did not expect you to have that kind of knowledge.

I am the first PP and live in Maryland. I actually expected this lame "gotcha" response. Yes, this may be the final nail in Hogan's coffin. That doesn't change the fact that the General Assembly is majority Dem, and the most populous jurisdicitions in MD are either completely or overwhelmingly Democrat led. Local jurisdictions are the ones that have the greatest impact on businesses and their ability to function. In Montgomery County, the Council just keeps making new mandates for businesses to keep up their own progressive cred, because they know the government can't pay for it since there is so little economic growth to add to the tax base. Individually, these mandates seem fine, but added together they make it really difficult to run a business.

On the other hand, Hogan delayed the purple line and killed the Baltimore red line, both would have been incredible infrastructure stimulus for the state under his watch. Instead, the invested in some meaningless road projects particularly around some eastern shore properties that Hogan owns. Do better for the state and the state economy will improve. Continue with crony capitalism and Hogan and his friend benefit but the broader impact is decreased.

I agree with you that Hogan was terrible. Not that he ever had a chance but I'm glad this report will further kill his national political ambitions.

That being said, the delay of the Purple line is just not the reason Maryland's economy hasn't grown, and Hogan isn't the main driver of its delay (wealthy Democrats in Chevy Chase are).

The Red Line in Baltimore is a weird one. It's not a good project. The stations are in bizarre places. They should probably build it I guess? But I don't think it's the answer to the state's economic problems.

The idea is to spur development and investment from the private sector because the public sector has invested in the fixed transit. It is a tried and true formula and one that would have market a resurgence for the greater Baltimore region, as well as for the City itself.

Ok Pollyanna

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The US economy is doing great but not in many blue states. In MD, economic growth has been effectively stalled since 2017. Dems at the state and local levels need to deal with this.
Maryland’s economic woes predate pandemic, report finds

https://www.washingtonpost.com/dc-md-va/2024/01/03/maryland-economy-lags-women-workforce/

GOP governor til last year, what do you expect?

They did not expect you to have that kind of knowledge.

I am the first PP and live in Maryland. I actually expected this lame "gotcha" response. Yes, this may be the final nail in Hogan's coffin. That doesn't change the fact that the General Assembly is majority Dem, and the most populous jurisdicitions in MD are either completely or overwhelmingly Democrat led. Local jurisdictions are the ones that have the greatest impact on businesses and their ability to function. In Montgomery County, the Council just keeps making new mandates for businesses to keep up their own progressive cred, because they know the government can't pay for it since there is so little economic growth to add to the tax base. Individually, these mandates seem fine, but added together they make it really difficult to run a business.

On the other hand, Hogan delayed the purple line and killed the Baltimore red line, both would have been incredible infrastructure stimulus for the state under his watch. Instead, the invested in some meaningless road projects particularly around some eastern shore properties that Hogan owns. Do better for the state and the state economy will improve. Continue with crony capitalism and Hogan and his friend benefit but the broader impact is decreased.

I agree with you that Hogan was terrible. Not that he ever had a chance but I'm glad this report will further kill his national political ambitions.

That being said, the delay of the Purple line is just not the reason Maryland's economy hasn't grown, and Hogan isn't the main driver of its delay (wealthy Democrats in Chevy Chase are).

The Red Line in Baltimore is a weird one. It's not a good project. The stations are in bizarre places. They should probably build it I guess? But I don't think it's the answer to the state's economic problems.

The idea is to spur development and investment from the private sector because the public sector has invested in the fixed transit. It is a tried and true formula and one that would have market a resurgence for the greater Baltimore region, as well as for the City itself.

Ok Pollyanna

Ok, then explain why Ballston is more successful than, I don't know, Springfield.

[Anonymous]

The only reason why so many Americans rate Bidenomics so low is because Putin bribe them all.

2024 is a contest between Biden and Putin.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The US economy is doing great but not in many blue states. In MD, economic growth has been effectively stalled since 2017. Dems at the state and local levels need to deal with this.
Maryland’s economic woes predate pandemic, report finds

https://www.washingtonpost.com/dc-md-va/2024/01/03/maryland-economy-lags-women-workforce/

Yes that’s why we blue states just create all the wealth in this country.

Virginia is more purple, is also wealthy and has grown much more than Maryland.

Yeah it had Democratic governors during Hogan’s eight years of worrying about developing to benefit his own properties.

[Anonymous]

2.7M jobs in 2023! Higher than any year under the last guy. Nice work Biden!

[Anonymous]

Anonymous wrote:2.7M jobs in 2023! Higher than any year under the last guy. Nice work Biden!

I know the President doesn’t control everything but it’s interesting that Democratic presidents manage to run things smoothly and not into the ditch like Republicans do.

[Anonymous]

Trump wants horrible things to happen to America just so he can get elected.

[Anonymous]

Anonymous wrote:Trump wants horrible things to happen to America just so he can get elected.

The GOP and the entirety of the corporate media have been trying to will this into existence; Trump just said the quiet part out loud.

[Anonymous]

This is really impressive.

[Anonymous]

https://www.bloomberg.com/news/articles/2024-01-09/amazon-s-twitch-to-cut-500-employees-about-35-of-staff

500 jobs cut from Twitch

Google cuts jobs too
https://techcrunch.com/2024/01/10/google-cuts-hundreds-of-jobs-in-its-voice-assistance-hardware-teams-as-fitbit-founders-leave/amp/


Amazon cutting hundreds of jobs too
https://www.cnbc.com/amp/2024/01/10/amazon-layoffs-hundreds-of-jobs-cut-in-prime-video-and-mgm-studios.html

https://www.bloomberg.com/news/articles/2024-01-09/blackrock-cuts-3-of-workforce-citing-dramatic-industry-shifts

Black Rock cutting hundreds of jobs

Dish network cutting hundreds of jobs too

https://www.denverpost.com/2024/01/10/dish-network-layoffs-157-jobs-dougco-wireless/amp/

40% of companies expected to cut jobs

https://www.fastcompany.com/90999059/40-percent-of-companies-still-expecting-layoffs-in-2024

UPS cutting jobs too

https://investorplace.com/2023/12/united-parcel-service-layoffs-2024-what-to-know-about-the-latest-ups-job-cuts/

Nike, Citibank and Intel are also laying off thousands

Looks like Bidenomcis is hitting full force. Thanks to Bidenomics not only are we facing high inflation and high food costs, we’re losing jobs now too.


Inflation going up again

https://finance.yahoo.com/news/inflation-increases-more-than-expected-in-december-090804023.html

Food prices are outpacing inflation thanks to Bidenomics.

Looks like we’re still going to be suffering for a while.
Looks like the US is headed to recession:

https://www.bloomberg.com/news/features/2023-11-21/black-friday-shopping-behavior-in-2023-may-help-predict-recession?embedded-checkout=true

Thanks Biden…

[Anonymous]

U.S. consumer confidence increased to a five-month high in December, with Americans growing more optimistic about current and future business conditions as well as the labor market, which could help to underpin the economy early next year.

The jump in confidence reported by the Conference Board on Wednesday occurred across all age groups and household income levels.
https://www.reuters.com/markets/us/us-consumer-confidence-perks-up-december-2023-12-20/

[Anonymous]

Anonymous wrote:U.S. consumer confidence increased to a five-month high in December, with Americans growing more optimistic about current and future business conditions as well as the labor market, which could help to underpin the economy early next year.

The jump in confidence reported by the Conference Board on Wednesday occurred across all age groups and household income levels.
https://www.reuters.com/markets/us/us-consumer-confidence-perks-up-december-2023-12-20/

Consumer confidence pops in the last month of a year that repeatedly dodged recession forecasts
The latest Conference Board survey shows economic optimism at its highest level since July, as inflation cools and jobs remain plentiful heading into 2024.
https://www.nbcnews.com/business/economy/consumer-confidence-pops-december-year-recession-forecasts-rcna130654

[Anonymous]

Not a healthy recovery.

Consumer Credit Hits Record $5 Trillion, Credit Card Rates Also Record High

https://mishtalk.com/economics/consumer-credit-hits-record-5-trillion-credit-card-rates-also-record-high/