Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Inflation is up almost 20% since Biden took office. Wages are not up 20% over that time frame. Inflation getting worse at a slower rate is not going to appease voters

Again: would you like the government to mandate wages for all? The GOP is pretty hostile to protections for workers.

Different poster, but no, I'd like the federal government to practice sound fiscal policy, like not running $2T deficits under a growing economy. That will help tame inflation, and wages won't need to be artificially set to catch up.

Both parties are now completely profligate and the debt cliff is looming.

Yet Republicans are unwilling to roll back Trump's tax cuts that unnecessarily added trillions to the debt while delivering virtually nothing of value to the country (other than making some of the rich people even richer)

We used to compromise with republicans reluctantly agreeing to raise taxes and democrats agreeing to curb spending. Those compromises cost Bush senior an election and are the most lasting reform from the Clinton years. Now republicans take taxes off the table and democrats offer cuts to programs they don't care about. Compromise is dead and the debt balloons. Any time we do manage to reduce the debt, the next president pushes through tax cuts or domestic spending putting us right back where we started

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Inflation is up almost 20% since Biden took office. Wages are not up 20% over that time frame. Inflation getting worse at a slower rate is not going to appease voters

Again: would you like the government to mandate wages for all? The GOP is pretty hostile to protections for workers.

Different poster, but no, I'd like the federal government to practice sound fiscal policy, like not running $2T deficits under a growing economy. That will help tame inflation, and wages won't need to be artificially set to catch up.

Both parties are now completely profligate and the debt cliff is looming.

Yet Republicans are unwilling to roll back Trump's tax cuts that unnecessarily added trillions to the debt while delivering virtually nothing of value to the country (other than making some of the rich people even richer)

We used to compromise with republicans reluctantly agreeing to raise taxes and democrats agreeing to curb spending. Those compromises cost Bush senior an election and are the most lasting reform from the Clinton years. Now republicans take taxes off the table and democrats offer cuts to programs they don't care about. Compromise is dead and the debt balloons. Any time we do manage to reduce the debt, the next president pushes through tax cuts or domestic spending putting us right back where we started

“Domestic spending” you call it like it’s a whim. Biden’s domestic spending has basically been infrastructure. Living in the Twin Cities like I do - and if you’re DC-based, you’re not far from Baltimore - I think repairing our infrastructure is massively important.

[Anonymous]

This is a blowout to expectations.

[Anonymous]

Another booming jobs report for March:

303k new jobs in March

Unemployment at 3.8%

Wages up 4.1%

Jan jobs revised up 27k, Feb revised down 5k.

[Anonymous]

— Unemployment below 4% for the longest time in generations
— Job growth is continuing
— Wages are rising faster than prices

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Inflation is up almost 20% since Biden took office. Wages are not up 20% over that time frame. Inflation getting worse at a slower rate is not going to appease voters

Again: would you like the government to mandate wages for all? The GOP is pretty hostile to protections for workers.

Different poster, but no, I'd like the federal government to practice sound fiscal policy, like not running $2T deficits under a growing economy. That will help tame inflation, and wages won't need to be artificially set to catch up.

Both parties are now completely profligate and the debt cliff is looming.

Yet Republicans are unwilling to roll back Trump's tax cuts that unnecessarily added trillions to the debt while delivering virtually nothing of value to the country (other than making some of the rich people even richer)

We used to compromise with republicans reluctantly agreeing to raise taxes and democrats agreeing to curb spending. Those compromises cost Bush senior an election and are the most lasting reform from the Clinton years. Now republicans take taxes off the table and democrats offer cuts to programs they don't care about. Compromise is dead and the debt balloons. Any time we do manage to reduce the debt, the next president pushes through tax cuts or domestic spending putting us right back where we started

“Domestic spending” you call it like it’s a whim. Biden’s domestic spending has basically been infrastructure. Living in the Twin Cities like I do - and if you’re DC-based, you’re not far from Baltimore - I think repairing our infrastructure is massively important.

That may be, but we pay prices for projects that are laughable even in EU countries that care more than we do about the environment and have better worker protections.

https://www.bloomberg.com/news/articles/2021-12-08/why-building-roads-and-transit-costs-more-in-the-u-s

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Inflation is up almost 20% since Biden took office. Wages are not up 20% over that time frame. Inflation getting worse at a slower rate is not going to appease voters

Again: would you like the government to mandate wages for all? The GOP is pretty hostile to protections for workers.

Different poster, but no, I'd like the federal government to practice sound fiscal policy, like not running $2T deficits under a growing economy. That will help tame inflation, and wages won't need to be artificially set to catch up.

Both parties are now completely profligate and the debt cliff is looming.

Yet Republicans are unwilling to roll back Trump's tax cuts that unnecessarily added trillions to the debt while delivering virtually nothing of value to the country (other than making some of the rich people even richer)

We used to compromise with republicans reluctantly agreeing to raise taxes and democrats agreeing to curb spending. Those compromises cost Bush senior an election and are the most lasting reform from the Clinton years. Now republicans take taxes off the table and democrats offer cuts to programs they don't care about. Compromise is dead and the debt balloons. Any time we do manage to reduce the debt, the next president pushes through tax cuts or domestic spending putting us right back where we started

“Domestic spending” you call it like it’s a whim. Biden’s domestic spending has basically been infrastructure. Living in the Twin Cities like I do - and if you’re DC-based, you’re not far from Baltimore - I think repairing our infrastructure is massively important.

That may be, but we pay prices for projects that are laughable even in EU countries that care more than we do about the environment and have better worker protections.

https://www.bloomberg.com/news/articles/2021-12-08/why-building-roads-and-transit-costs-more-in-the-u-s

Capitalism is the thing the right always espouses. Socialism is the thing the right always criticizes. Would you like the government to set the prices, or let the free market RFP bidding dictate it?

[Anonymous]

https://www.bls.gov/news.release/empsit.nr0.htm

Bottom line: Top two biggest employment numbers are government and healthcare. It's mostly for taking care of the influx of migrants (both paid by you). The tax bill is getting higher. Everything else is "little changed".

[Anonymous]

Anonymous wrote:— Unemployment below 4% for the longest time in generations
— Job growth is continuing
— Wages are rising faster than prices

No. The government is throwing money from helicopters to try to buy jobs. That's about all that's happening.

[Anonymous]

Anonymous wrote:

Anonymous wrote:— Unemployment below 4% for the longest time in generations
— Job growth is continuing
— Wages are rising faster than prices

No. The government is throwing money from helicopters to try to buy jobs. That's about all that's happening.

In other words, yes this is good news...so I need to find another way to sh!t on it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Inflation is up almost 20% since Biden took office. Wages are not up 20% over that time frame. Inflation getting worse at a slower rate is not going to appease voters

Again: would you like the government to mandate wages for all? The GOP is pretty hostile to protections for workers.

Different poster, but no, I'd like the federal government to practice sound fiscal policy, like not running $2T deficits under a growing economy. That will help tame inflation, and wages won't need to be artificially set to catch up.

Both parties are now completely profligate and the debt cliff is looming.

Yet Republicans are unwilling to roll back Trump's tax cuts that unnecessarily added trillions to the debt while delivering virtually nothing of value to the country (other than making some of the rich people even richer)

We used to compromise with republicans reluctantly agreeing to raise taxes and democrats agreeing to curb spending. Those compromises cost Bush senior an election and are the most lasting reform from the Clinton years. Now republicans take taxes off the table and democrats offer cuts to programs they don't care about. Compromise is dead and the debt balloons. Any time we do manage to reduce the debt, the next president pushes through tax cuts or domestic spending putting us right back where we started

“Domestic spending” you call it like it’s a whim. Biden’s domestic spending has basically been infrastructure. Living in the Twin Cities like I do - and if you’re DC-based, you’re not far from Baltimore - I think repairing our infrastructure is massively important.

That may be, but we pay prices for projects that are laughable even in EU countries that care more than we do about the environment and have better worker protections.

https://www.bloomberg.com/news/articles/2021-12-08/why-building-roads-and-transit-costs-more-in-the-u-s

Capitalism is the thing the right always espouses. Socialism is the thing the right always criticizes. Would you like the government to set the prices, or let the free market RFP bidding dictate it?

For infrastructure? I'd like to have contracts with numbers that people do just mentally multiply by 10 when they're announced.

[Anonymous]

That's 39 straight months of job growth, a streak that started in January 2021.

[Anonymous]

Anonymous wrote:https://www.bls.gov/news.release/empsit.nr0.htm

Bottom line: Top two biggest employment numbers are government and healthcare. It's mostly for taking care of the influx of migrants (both paid by you). The tax bill is getting higher. Everything else is "little changed".

IT's mostly for taking care of aging boomers

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://www.bls.gov/news.release/empsit.nr0.htm

Bottom line: Top two biggest employment numbers are government and healthcare. It's mostly for taking care of the influx of migrants (both paid by you). The tax bill is getting higher. Everything else is "little changed".

IT's mostly for taking care of aging boomers

There are about 3.9M more jobs than 1 year ago. 384k are government at all levels, or about 10%. Try again.

[Anonymous]

Anonymous wrote:— Unemployment below 4% for the longest time in generations
— Job growth is continuing
— Wages are rising faster than prices

Selfishly, as someone trying to buy a house right now, the very hot economy is actually frustrating. Not sure when if we'll see rates drop this year. Eyes ahead to the next CPI report due next week which may be the last nail in my coffin.