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Biden’s economy
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Anonymous
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So a soft landing is still in play. Recall to 2020 and 2021 when the economy collapsed at COVID and then the economists were speculatiing about the post-vaccine recovery and how there would be a recession?
Well, it is BECAUSE of the IRA and the CHIPS Act that the US has managed not only a recovery, but record job growth while avoiding a recession. Pick your poison....1) no recovery 2) recovery with managed inflation 3) recovery with recession. Biden opted for 2. What was the GOP alternative? |
Anonymous
Same as it always is, and was: pick it’s bones and burn it to the ground, let the grown ups (Democrats) sort it out later. |
Anonymous
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Ooof…more tech layoffs
https://www.trueup.io/layoffs Walmart layoffs https://apnews.com/article/walmart-layoffs-relocations-remote-work-cb6382a65d92f43058efb3a7fae238f1 Teacher layoffs https://amp.cnn.com/cnn/2024/05/11/politics/school-budget-cuts-teacher-layoffs Pharma layoffs https://www.biospace.com/article/bayer-cuts-1-500-jobs-lowers-2024-earnings-guidance-as-q1-sales-dip-/ Gas prices up https://www.wsj.com/video/series/news-explainers/how-rising-gas-prices-complicate-the-feds-inflation-strategy/C9E0F110-6707-4A19-9629-E19B5B62AA3B Americans carrying record amounts of household debt to keep up with Bidenflation https://www.foxbusiness.com/economy/americans-are-carrying-record-amount-household-debt.amp Bidenomics hitting the poorest the most https://www.nytimes.com/2024/05/14/business/economy/interest-rates-inequality.html As the average American comes into this election season all they see is high prices, billions to foreign wars, immigration crisis, skyrocketing inflation… |
Anonymous
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Americans struggling with Bidenomics
https://investorplace.com/2024/05/consumer-tipping-point-3-glaring-signs-that-americans-are-struggling-financially-in-2024/ 60% if Americans still struggling https://finance.yahoo.com/news/80-americans-still-struggling-financially-150031294.html Americans much worse off now than under Trump https://www.bankrate.com/personal-finance/american-opinions-on-personal-finances-and-us-economy-since-2020-election/ Record high financial insecurity https://www.bloomberg.com/news/articles/2024-03-11/us-financial-insecurity-at-a-record-as-higher-cost-of-living-makes-saving-hard “It’s the economy stupid” |
Anonymous
Those teachers will be able to find jobs just about any other jurisdiction. Tech layoffs happen. AI is killing the need for so many coders and developers. gas prices...uh, have you seen the quid pro quo Trump offered the oil industry? https://www.theatlantic.com/ideas/archive/2024/05/trumps-legal-corrupt-offer-oil-executives/678333/ The economy rolls, private companies hire and fire people all the time. Do you think the president controls the private sector? Do you think Trump would be able to dicatate the hiring and firing of employees? |
Anonymous
| Turd polishing continues. |
Anonymous
Ignorant post. Layoffs always happen. Companies lose out to competitors. Projects end. Contracts end. Sectors rise and fall seasonally. Plus dozens of other factors that churn the labor market constantly. Even when the economy is great, “adding 1 million jobs” is really the net result of about 7 million new jobs offsetting 6 million jobs that ended. |
Anonymous
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“This is the first good CPI report in four months and the market likes it,” said Gary Pzegeo, head of fixed income at CIBC Private Wealth US. “Taken [together with retail sales] this supports a Fed rate cut in the fall. Markets are discounting a cut in September and have moved to price in a second cut by December.”
https://www.cnn.com/2024/05/16/investing/dow-40000/index.html |
Anonymous
Here's a series of Data. Those same people above in January were saying cuts in March and June, and keep postponing it like telling a crying child at the store "next week I'll buy you a toy" every week. I predict there will be zero rate cuts in 2024. https://notthebee.com/article/inflation-still-reigns-wholesale-prices-rose-05-in-april |
Anonymous
| See y'all at the polls! |
Anonymous
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30 year fixed ..7.75
Not good! |
Anonymous
| I'm real middle income according to the charts, not DC definition. I want to believe the constant glowing economic reports I keep hearing, but my wallet doesn't see it. My grocery store receipts, car and home insurance have all tripled. Every time I buy at Target it cost more and the bottles and packages have shrunk. I hate Trump and realize the President doesn't set economic policy, but I was much better off before Biden. I cannot be the only one in America to think this. |
Anonymous
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HALF of all restaurants are behind on their rent.
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