Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Another month, another downward revision of previous reports... Bidenomics is working as they cook the books.

They don’t cook the books. I work for BLS. We are not a political agency. We are filled with statisticians, economists, and data scientists that work extremely hard to provide meaningful data. The amount of work that goes into collecting and analyzing large data sets is staggering. All administrations have had adjustments.

Great. You can make clear to folks that full time jobs are way down while part time jobs have exploded and there has been a massive shift in who is actually getting those part time jobs. You are not political so present the data clearly.

People have patiently explained to you that what you think is happening is not happening.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Another month, another downward revision of previous reports... Bidenomics is working as they cook the books.

They don’t cook the books. I work for BLS. We are not a political agency. We are filled with statisticians, economists, and data scientists that work extremely hard to provide meaningful data. The amount of work that goes into collecting and analyzing large data sets is staggering. All administrations have had adjustments.

Great. You can make clear to folks that full time jobs are way down while part time jobs have exploded and there has been a massive shift in who is actually getting those part time jobs. You are not political so present the data clearly.

DP... full time jobs are not "way down" and the increase in part time jobs has a lot more to do with the gig economy than anything else.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

If the Democrats’ plan to block hedge funds from snapping up homes works, there should at least be some more inventory and you won’t have to compete with corps that can lay down all cash.

It won't help where I'm buying, it's actually people who are able to waive contingencies because they have that much money (DC burbs/exurbs where a lot of government workers or even military workers, etc. live). As a non-government worker who doesn't get government perks, it's hard to compete with people who have enough funds in their TSP and will get a pension one day, so have the financial resources to completely waive financing contingency, even when they actually are getting a mortgage in the end.

This is one of the dumbest things I have heard. Do you think only Feds have retirement accounts? Ever heard of a 401k? And private sector salaries are way higher so those people have a lot more purchasing power.

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Another month, another downward revision of previous reports... Bidenomics is working as they cook the books.

They don’t cook the books. I work for BLS. We are not a political agency. We are filled with statisticians, economists, and data scientists that work extremely hard to provide meaningful data. The amount of work that goes into collecting and analyzing large data sets is staggering. All administrations have had adjustments.

Great. You can make clear to folks that full time jobs are way down while part time jobs have exploded and there has been a massive shift in who is actually getting those part time jobs. You are not political so present the data clearly.

1) full time jobs are not way down, much less down at all
2) part time jobs are up. This is not a new phenomenon. It has been this way for decades.
3) Boomers are retring and Gen Z is entering the marketplace. Many of them work multiple "gig" type jobs.
4) Corporations, not the President, create the type of jobs you are complaining about, because they want to avoid paying full-time benefits.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Another month, another downward revision of previous reports... Bidenomics is working as they cook the books.

They don’t cook the books. I work for BLS. We are not a political agency. We are filled with statisticians, economists, and data scientists that work extremely hard to provide meaningful data. The amount of work that goes into collecting and analyzing large data sets is staggering. All administrations have had adjustments.

Great. You can make clear to folks that full time jobs are way down while part time jobs have exploded and there has been a massive shift in who is actually getting those part time jobs. You are not political so present the data clearly.

1) full time jobs are not way down, much less down at all
2) part time jobs are up. This is not a new phenomenon. It has been this way for decades.
3) Boomers are retring and Gen Z is entering the marketplace. Many of them work multiple "gig" type jobs.
4) Corporations, not the President, create the type of jobs you are complaining about, because they want to avoid paying full-time benefits.

Companies are recording record profits. They're hiring what they need to deliver against that. Posters here who are criticizing the full/part-time makeup are essentially arguing that they want the government to demand that companies hire full-time employees (i.e., more regulation).

"Adjusted profits after taxes hit a record high of $2.8 trillion, beating the record of $2.7 trillion in the third quarter of 2022. Profits increased 3.9 percent on the quarter, above expectations of around 3.3 percent.

“Today’s report … revealed that corporate profits rose substantially in the fourth quarter to a new record high,” EY economist Lydia Boussour wrote in an analysis. “Before-tax corporate profits rose by the most since the second quarter of 2022, up $133 billion following a $109 billion advance [estimate].”

“Profit margins expanded for a second consecutive quarter, up 0.3 percentage points to 12.2 percent of GDP as faster productivity kept a tight lid on unit labor costs,” she wrote."

https://thehill.com/business/4561631-corporate-hit-record-high-as-economy-boomed-in-fourth-quarter-of-2023/

[Anonymous]

Record profits?

Yes, companies like Pfizer and Moderna as Biden drops billions on them.

[Anonymous]

Anonymous wrote:Record profits?

Yes, companies like Pfizer and Moderna as Biden drops billions on them.

Yes, record profits. I appreciate that’s inconvenient for the GOP.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Another month, another downward revision of previous reports... Bidenomics is working as they cook the books.

They don’t cook the books. I work for BLS. We are not a political agency. We are filled with statisticians, economists, and data scientists that work extremely hard to provide meaningful data. The amount of work that goes into collecting and analyzing large data sets is staggering. All administrations have had adjustments.

Great. You can make clear to folks that full time jobs are way down while part time jobs have exploded and there has been a massive shift in who is actually getting those part time jobs. You are not political so present the data clearly.

1) full time jobs are not way down, much less down at all
2) part time jobs are up. This is not a new phenomenon. It has been this way for decades.
3) Boomers are retring and Gen Z is entering the marketplace. Many of them work multiple "gig" type jobs.
4) Corporations, not the President, create the type of jobs you are complaining about, because they want to avoid paying full-time benefits.

Moreover, MOST new jobs are being to newly arrived ILLEGALS. Democrats LOVE cheap labor. Tyson’s chicken actually FIRED American citizens in favor of hiring cheap wage invaders.

Only Florida has mandated E-verify to protect legal workers. Democrats hate E-verify.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Another month, another downward revision of previous reports... Bidenomics is working as they cook the books.

They don’t cook the books. I work for BLS. We are not a political agency. We are filled with statisticians, economists, and data scientists that work extremely hard to provide meaningful data. The amount of work that goes into collecting and analyzing large data sets is staggering. All administrations have had adjustments.

Great. You can make clear to folks that full time jobs are way down while part time jobs have exploded and there has been a massive shift in who is actually getting those part time jobs. You are not political so present the data clearly.

1) full time jobs are not way down, much less down at all
2) part time jobs are up. This is not a new phenomenon. It has been this way for decades.
3) Boomers are retring and Gen Z is entering the marketplace. Many of them work multiple "gig" type jobs.
4) Corporations, not the President, create the type of jobs you are complaining about, because they want to avoid paying full-time benefits.

Moreover, MOST new jobs are being to newly arrived ILLEGALS. Democrats LOVE cheap labor. Tyson’s chicken actually FIRED American citizens in favor of hiring cheap wage invaders.

Only Florida has mandated E-verify to protect legal workers. Democrats hate E-verify.

Republicans hate E-verify when it comes to checking on who mows their lawn, also. Blind eyes are everywhere.

[Anonymous]

Name one Democrat who instituted E-verify.

Zero. Not one. Democrats hate E-verify.

[Anonymous]

What's wrong with E verify?

[Anonymous]

Anonymous wrote:What's wrong with E verify?

Ask the GOP.

[Anonymous]

Change In Price Since 2019, by Food Item:

1. Cocoa: +345%
2. Orange Juice: +260%
3. Olive Oil: +219%
4. Sugar: +120%
5. Fruit Snacks: +77%
6. Cooking Oil: +54%
7. Chocolate Bars: +52%
8. Apple sauce: +51%
9. Beef: +51%
10. Mayonnaise: +50%
11. Loaf of Bread: +42%
12. Eggs: +40%
13. Milk: +40%
14. Cereal: +38%
15. Butter: +24%

Inflation has officially been at 3% or higher for exactly 3 years.

The Average American is now paying nearly 40% MORE for groceries than what they were paying in 2019.

Over 100 food items have seen inflation above 50% since 2019.

How is this a "strong economy?"

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Another month, another downward revision of previous reports... Bidenomics is working as they cook the books.

They don’t cook the books. I work for BLS. We are not a political agency. We are filled with statisticians, economists, and data scientists that work extremely hard to provide meaningful data. The amount of work that goes into collecting and analyzing large data sets is staggering. All administrations have had adjustments.

Great. You can make clear to folks that full time jobs are way down while part time jobs have exploded and there has been a massive shift in who is actually getting those part time jobs. You are not political so present the data clearly.

1) full time jobs are not way down, much less down at all
2) part time jobs are up. This is not a new phenomenon. It has been this way for decades.
3) Boomers are retring and Gen Z is entering the marketplace. Many of them work multiple "gig" type jobs.
4) Corporations, not the President, create the type of jobs you are complaining about, because they want to avoid paying full-time benefits.

Moreover, MOST new jobs are being to newly arrived ILLEGALS. Democrats LOVE cheap labor. Tyson’s chicken actually FIRED American citizens in favor of hiring cheap wage invaders.

Only Florida has mandated E-verify to protect legal workers. Democrats hate E-verify.

Most new jobs are going to illegal immigrants? How do you figure? Are you just in the habit of lying like Trump?