Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Still a bigger number than almost any of Trump’s pre-Covid.
https://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth

Crazy stats about the true state of labor market you won't hear anywhere else:

1. In the past year, the US has lost 284K full-time jobs, these have been replaced with 921K part-time jobs

2. In February alone, a record 1.2 million foreign-born jobs were added.

3. In the past three months, a record (ex-covid crash) 2.4 million native-born jobs have been lost, including 494K jobs lost in February.

4. Most shocking, since May 2018, there have been ZERO jobs created for native-born Americans. All jobs in the past 6 years have gone to immigrants, legal and illegal.

Zerohedge has always been a highly biased and questionable source. I notice that not a single data source is listed anywhere - not in their tweet, not in any of their charts - and it's absolutely astounding that they could make such a wild claim as "zero" jobs created for native-born Americans. I personally know of several native-born Americans who entered the job market this year from high school, college, et cetera, so that's a wild claim that just doesn't hold water. Extraordinary claims require extraordinary proof yet Zerohedge gives none, just some homebrew charts of questionable veracity and no citations to back them up.

[Anonymous]

Anonymous wrote:The job reports isn't a good indicator anymore, there should be classifications of jobs, the good jobs are being cut left and right, check out tech its a bloodbath, no wonder people think the government is lying

The tech sector overhired during the pandemic and has been rightsizing ever since. Not a cataclysm.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The job reports isn't a good indicator anymore, there should be classifications of jobs, the good jobs are being cut left and right, check out tech its a bloodbath, no wonder people think the government is lying

The tech sector overhired during the pandemic and has been rightsizing ever since. Not a cataclysm.

no it is, and the jobs picture doesn't show the pain of these, but of course they'll take credit when they are hired

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Another strong jobs report. The US economy added 275,000 jobs in February as the hiring boom continues. (Hiring was 229k in January and 290k in December.)

Unemployment rate: 3.9% —> It’s been below 4% for two years

Wages: 4.3% in past year (above 3.1% inflation)

(and this is why it will be bad for Joe Biden)

Right on cue

If I had been asked a few years ago, “does a cabal run the media?” my answer would have been laughter, but the media has since shown that the answer to that question is yes. Even after they were publicly called out by the President, they’re still doing it. Strong economy and they’re still not giving Biden any credit (while they have Trump credit all the time for his strong economy).

It is not strong.

The inflation issue needs a much closer look. People always want to say "it's purely supply and demand" - and then want to say demand is up. But is it really? A lot of food items have gone up 20% plus. If demand is up, how is that? Are people suddenly buying 20% more food? That makes absolutely no sense. So, demand alone can't account for it. Or is it supply? During the pandemic prices went up because of supply chain disruptions. But that's no longer an excuse - prices should have gone back down, but didn't. But meanwhile, look at corporate profits... Those have gone up and stayed up. Seems to me that's your root cause. And given that root cause, what's the answer?

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Another strong jobs report. The US economy added 275,000 jobs in February as the hiring boom continues. (Hiring was 229k in January and 290k in December.)

Unemployment rate: 3.9% —> It’s been below 4% for two years

Wages: 4.3% in past year (above 3.1% inflation)

(and this is why it will be bad for Joe Biden)

Right on cue

If I had been asked a few years ago, “does a cabal run the media?” my answer would have been laughter, but the media has since shown that the answer to that question is yes. Even after they were publicly called out by the President, they’re still doing it. Strong economy and they’re still not giving Biden any credit (while they have Trump credit all the time for his strong economy).

It is not strong.

The inflation issue needs a much closer look. People always want to say "it's purely supply and demand" - and then want to say demand is up. But is it really? A lot of food items have gone up 20% plus. If demand is up, how is that? Are people suddenly buying 20% more food? That makes absolutely no sense. So, demand alone can't account for it. Or is it supply? During the pandemic prices went up because of supply chain disruptions. But that's no longer an excuse - prices should have gone back down, but didn't. But meanwhile, look at corporate profits... Those have gone up and stayed up. Seems to me that's your root cause. And given that root cause, what's the answer?

The cost of producing goods has gone up. Labor. Fuel for transporting. Cost of items needed to produce the goods.
Pretty simple, actually.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Another strong jobs report. The US economy added 275,000 jobs in February as the hiring boom continues. (Hiring was 229k in January and 290k in December.)

Unemployment rate: 3.9% —> It’s been below 4% for two years

Wages: 4.3% in past year (above 3.1% inflation)

(and this is why it will be bad for Joe Biden)

Right on cue

If I had been asked a few years ago, “does a cabal run the media?” my answer would have been laughter, but the media has since shown that the answer to that question is yes. Even after they were publicly called out by the President, they’re still doing it. Strong economy and they’re still not giving Biden any credit (while they have Trump credit all the time for his strong economy).

It is not strong.

The inflation issue needs a much closer look. People always want to say "it's purely supply and demand" - and then want to say demand is up. But is it really? A lot of food items have gone up 20% plus. If demand is up, how is that? Are people suddenly buying 20% more food? That makes absolutely no sense. So, demand alone can't account for it. Or is it supply? During the pandemic prices went up because of supply chain disruptions. But that's no longer an excuse - prices should have gone back down, but didn't. But meanwhile, look at corporate profits... Those have gone up and stayed up. Seems to me that's your root cause. And given that root cause, what's the answer?

The cost of producing goods has gone up. Labor. Fuel for transporting. Cost of items needed to produce the goods.
Pretty simple, actually.

Even simpler, the corporations are all making record profits and their executives are making record 8 figure salaries.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Another strong jobs report. The US economy added 275,000 jobs in February as the hiring boom continues. (Hiring was 229k in January and 290k in December.)

Unemployment rate: 3.9% —> It’s been below 4% for two years

Wages: 4.3% in past year (above 3.1% inflation)

(and this is why it will be bad for Joe Biden)

Right on cue

If I had been asked a few years ago, “does a cabal run the media?” my answer would have been laughter, but the media has since shown that the answer to that question is yes. Even after they were publicly called out by the President, they’re still doing it. Strong economy and they’re still not giving Biden any credit (while they have Trump credit all the time for his strong economy).

It is not strong.

The inflation issue needs a much closer look. People always want to say "it's purely supply and demand" - and then want to say demand is up. But is it really? A lot of food items have gone up 20% plus. If demand is up, how is that? Are people suddenly buying 20% more food? That makes absolutely no sense. So, demand alone can't account for it. Or is it supply? During the pandemic prices went up because of supply chain disruptions. But that's no longer an excuse - prices should have gone back down, but didn't. But meanwhile, look at corporate profits... Those have gone up and stayed up. Seems to me that's your root cause. And given that root cause, what's the answer?

The cost of producing goods has gone up. Labor. Fuel for transporting. Cost of items needed to produce the goods.
Pretty simple, actually.

Even simpler, the corporations are all making record profits and their executives are making record 8 figure salaries.

Yup. https://fred.stlouisfed.org/series/CP

[Anonymous]

What nonsense with no data you keep spewing.

If wages are up 4.3% and inflation is running at 3.1%. The simple math says that job quality is improving, not declining.

Business and Professional Services, one of the highest paying parts on the economy has been having great growth for example.

[Anonymous]

Another day, another bad economic report as inflation in February came in higher (3.8% yoy) compared to consensus (3.7%). Yep, Bidenonomics is working!

[Anonymous]

Anonymous wrote:Another day, another bad economic report as inflation in February came in higher (3.8% yoy) compared to consensus (3.7%). Yep, Bidenonomics is working!

And yet, inflation in the US is far better than any other country in the world, which means the Biden plan has made things better here than what other people in other countries are experiencing.

Put another way, what is the GOP plan other than cutting taxes for the wealthy and further consolidating wealth in the 1%?

[Anonymous]

This is the 35th consecutive month with inflation above 3% and second straight increase. Being the shiniest turd in the toilet isnt necessary a good thing, but 4 more years!

[Anonymous]

Anonymous wrote:Another day, another bad economic report as inflation in February came in higher (3.8% yoy) compared to consensus (3.7%). Yep, Bidenonomics is working!

Lighten up, Frances.

[Anonymous]

Anonymous wrote:This is the 35th consecutive month with inflation above 3% and second straight increase. Being the shiniest turd in the toilet isnt necessary a good thing, but 4 more years!

It is better than being the brownest one. What would the GOP be doing better/differently? I ask because the GOP record on this sort of thing over the last 40 years is pretty atrocious.

[Anonymous]