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Biden’s economy
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Anonymous
If China does attack Taiwan, we will be in an instant depression. Right now, Yellen and co are propping up the stock market |
Anonymous
Actually, war (except on your own soil) usually leads to a booming economy given all the increased production. If it came to war with China, I imagine we would experience a renaissance in American manufacturing (and by proxy, whatever low cost countries manufacturing shifted to from China) after an adjustment period. |
Anonymous
If China attacks Taiwan, then the GOP will have done its job in signaling to the world that the US cannot be a trusted partner for its allies (eg. Ukraine). Mission accomplished, or something. |
Anonymous
| January Jobs Report: 353,000 |
Anonymous
| January jobs report: US economy adds 353,000 jobs, blowing past Wall Street expectations |
Anonymous
|
The labor market showed continued resiliency in January, adding 353,000 jobs last month, a sign that economic growth remains vigorous. The unemployment rate remained at 3.7 percent. “There’s layoffs happening, but workers are able to find new positions,” said Sara Rutledge, an independent economics consultant. “It’s almost like a ‘pinch me’ scenario.”
But um, nothing to see here, amirite, MAGAs? |
Anonymous
“Despite some high-profile layoffs at technology and media companies in January, the overall labor market appears healthy. Robust consumer spending has allowed employers to hire at a rate that’s fast enough to keep up with population growth and wages continue to outpace inflation, boosting workers’ spending power. “The labor market is cooling within the context of a still very tight market,” said Joe Brusuelas, chief economist for the accounting firm RSM US. “Demand remains solid. Jobs are plentiful, and people are fairly confident that they can get a new job if they want one.” The Fed isn’t ready to cut interest rates yet, but it is getting close The picture of a U.S. economy that has defied recession predictions has also been bolstered by stronger than anticipated GDP growth in the final quarter of 2023. A hardy labor market and rising wages have allowed households to spend liberally, fueling a resilient economy.” https://www.washingtonpost.com/business/2024/02/02/january-jobs-employment/ |
Anonymous
They’re gonna be so bummed! They were getting so excited for more layoffs!! For everyone else who is rooting for the good of the country, this is great. |
Anonymous
| Oh and revisions to December and November showed a net increase of 126K jobs, which suggests that things are even better than initial estimates. I guess you'll need to find new talking points, MAGAs. |
Anonymous
|
Wait! Is this the economy that is still operating on the "fumes" of Trump's economy (per Trump)? Well, I guess the orange clown won't be getting his wish of the economy crashing anytime soon.
Former President Donald Trump predicted the US economy would “crash,” saying he hoped it would do so within the next year – before he would assume the Oval Office should he win a second term in November. “When there's a crash, I hope it's going to be during this next 12 months because I don't want to be Herbert Hoover. |
Anonymous
+1 I don’t know why Republicans think Biden will be easy to beat. |
Anonymous
| Average hourly earnings up 0.6% in a single month. |
Anonymous
Average hourly earnings have also been outpacing inflation (4.5% vs 3.4%) for more than a year now. Oh, the unemployment rate has been below 4 percent for 24 months, an over 50-year record. Biden did that. Nothing to see here folks. |
Anonymous
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It’s not just the 353k jobs added in January that is impressive.
December: 333k up 117k November: 182k up 9k Wages: up 4.5% vs 3.4% inflation Productivity gains have been excellent as well, supporting the wage gains. Did you see the Amazon and Meta results as well, the economy is about ideal right row. Best out of any industrialized economy in the world, that is clear. |
Anonymous
Magas must hate, hate, hate having to eat crow and watching them libruls crowing about good news for the economy and by proxy, this administration, which did that. |