Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:The insane trend continues…

In just May, 414,000 immigrants (legal and illegal) gained a job. Meanwhile, 663,000 native-born Americans LOST their job.

Since pre-Covid, native born workers have actually LOST ~2 million jobs. All of the net job gains are immigrants.

You think it’s a problem that native born Americans are employed at a higher rate now than at any time Trump was president? Guess Trump did a really bad job then:

For the guy that keeps thinking there is some employment crisis for Native Born Americans. See chart, there is not, Native born employment is at record levels! Thanks Biden!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The insane trend continues…

In just May, 414,000 immigrants (legal and illegal) gained a job. Meanwhile, 663,000 native-born Americans LOST their job.

Since pre-Covid, native born workers have actually LOST ~2 million jobs. All of the net job gains are immigrants.

You think it’s a problem that native born Americans are employed at a higher rate now than at any time Trump was president? Guess Trump did a really bad job then:

For the guy that keeps thinking there is some employment crisis for Native Born Americans. See chart, there is not, Native born employment is at record levels! Thanks Biden!

It's easier for them to randomly post a snipped version of this chart first thing tomorrow morning when your post is buried farther back in the thread.

[Anonymous]

$1000 for a 4 night stay in a hotel in VIRGINIA BEACH .

Four Points by Sheraton Virginia Beach Ocean front Hotel. In 2020 we stayed a week for just $500.00

[Anonymous]

Anonymous wrote:$1000 for a 4 night stay in a hotel in VIRGINIA BEACH .

Four Points by Sheraton Virginia Beach Ocean front Hotel. In 2020 we stayed a week for just $500.00

Ignore this. Everything is wonderful. I repeat: everything is wonderful.

[Anonymous]

Anonymous wrote:$1000 for a 4 night stay in a hotel in VIRGINIA BEACH .

Four Points by Sheraton Virginia Beach Ocean front Hotel. In 2020 we stayed a week for just $500.00

Meanwhile, give hotel rooms for illegal aliens at $300 a night rack rate. Make sure the tax payers are guilted into paying for it.

[Anonymous]

Anonymous wrote:$1000 for a 4 night stay in a hotel in VIRGINIA BEACH .

Four Points by Sheraton Virginia Beach Ocean front Hotel. In 2020 we stayed a week for just $500.00

Why do you think that is? Why do you think the hotel is charging that price this time?

[Anonymous]

Anonymous wrote:$1000 for a 4 night stay in a hotel in VIRGINIA BEACH .

Four Points by Sheraton Virginia Beach Ocean front Hotel. In 2020 we stayed a week for just $500.00

Yes, travel was cheaper in the peak of the pandemic in 2020 when people were afraid to leave their homes and particularly terrified of hotels.

You are literally not bright. These posts are hilarious!

[Anonymous]

Anonymous wrote:$1000 for a 4 night stay in a hotel in VIRGINIA BEACH .

Four Points by Sheraton Virginia Beach Ocean front Hotel. In 2020 we stayed a week for just $500.00

Supply and demand. A lot more people are traveling in 2024 than in 2020 (didn’t something happen then that crashed the tourist economy?) and tourists in 2024 have more money to spend. This is that capitalism thing you may have heard about.

[Anonymous]

Anonymous wrote:$1000 for a 4 night stay in a hotel in VIRGINIA BEACH .

Four Points by Sheraton Virginia Beach Ocean front Hotel. In 2020 we stayed a week for just $500.00

Let’s think about this.

Your 2020 stay was either:

Off season in January or February.

Or in the middle of the pandemic when any hotels that were open were desperate for business at any rate.

Now, in 2024, the economy is strong and people have extra money to go on vacation and jobs that provide vacation time.

In a strong economy, demand is high, supply is comparatively lower for those goods and services, and prices rise.

[Anonymous]

Anonymous wrote:$1000 for a 4 night stay in a hotel in VIRGINIA BEACH .

Four Points by Sheraton Virginia Beach Ocean front Hotel. In 2020 we stayed a week for just $500.00

Your messiah would be angry that a hotel was only charging $70/night for a beachfront stay.

[Anonymous]

Did Trump’s “Adventures of the Shark and the Battery” story give MAGA cover to come up with dumber and dumber anecdotes?

[Anonymous]

Anonymous wrote:

Anonymous wrote:$1000 for a 4 night stay in a hotel in VIRGINIA BEACH .

Four Points by Sheraton Virginia Beach Ocean front Hotel. In 2020 we stayed a week for just $500.00

Let’s think about this.

Your 2020 stay was either:

Off season in January or February.

Or in the middle of the pandemic when any hotels that were open were desperate for business at any rate.

Now, in 2024, the economy is strong and people have extra money to go on vacation and jobs that provide vacation time.


It wasin April since the kids were out school we went to the beach early.

In a strong economy, demand is high, supply is comparatively lower for those goods and services, and prices rise.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:we are in a Great Depresssion now.

Riiiiggghttt! Unemployment is under 4%. Incredible. At the same time, I understand that people are suffering from an affordability crisis. What worries me is that we continue to try to use pre-pandemic solutions to address a post pandemic economy. We don't really have the tools to address our housing and child care crisis.

Trump is not going to be any better. In fact, he wants tariffs and reduce immigration - 2 things that will significantly increase inflation.

I want both parties to find new solutions to improve this new economic reality. According to economists, affordability has been decreasing since Obama was President and has continued to be problem during Trump and Biden, but interest rates were so low, no one was paying attention.

I worry that once interests rates decrease, housing costs will explode again.

No, the unemployment rate just rose to 4 percent, highest in two years.

Should I complain that your eating fast disgusting food is increasing my health insurance?

A lot of people are being priced out of fast food in Biden’s economy and CA’s minimum wage edicts are making it worse there.

Three largest restaurant (and fast food) chains in the world.

Mcdonald's
2021 gross profit = 12.58B (29% increase from 2020)
2022 gross profit = 13.207B (4.98% increase over 2021)
2023 gross profit = 14.563B (10.26% increase on 2022)
2024, gross profits for 12 months ending 3/31/24 = 14.688B (9.03% increase year-over-year)
2024 first quarter profit 2024 = 3.439B (3.77% increase year-over-year, but on track to have a full year profit increase over 10%)

McDonald's CEO was paid $19.2M in 2023, up 8% from 2022 ($17.8M).

Most of the major fast food chains are also totaling record profits and CEO raises from 2021-2024.

Subway
2020 profit $8.32B
2021 profit $9.4B
2022 profit $10.37B
2023 profit $16.1B

Starbucks
gross profits 2021 = $20.322B (28.43% increase over 2020)
gross profits 2022 = $21.933B (7.93% increase over 2021)
gross profits 2023 = $24.567B (12.01% increase over 2022)
2024, 12 months ending 3/31/24 = $25.104B (8.86% increase year-over-year)
2024, first quarter = $5.914B (0.06% decline year over year), but still on track to clear $25B.

Starbucks CEO salary,
2021 = $14.67M (up 39.3% over 2020)
2022 = $16.7M (outgoing CEO, so this was only for part of 2022)
2023 = $17.6M (new CEO, if he had worked full year, but only worked part of 2023, and earned $14.6M)


So, the fast food corporations are raking in BILLIONS in profit and bigger profits each year, while playing significantly over the standard COLA adjustment of most workers. How is Biden responsible for the increase in fast food prices that are entirely based on corporate greed?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$1000 for a 4 night stay in a hotel in VIRGINIA BEACH .

Four Points by Sheraton Virginia Beach Ocean front Hotel. In 2020 we stayed a week for just $500.00

Let’s think about this.

Your 2020 stay was either:

Off season in January or February.

Or in the middle of the pandemic when any hotels that were open were desperate for business at any rate.

Now, in 2024, the economy is strong and people have extra money to go on vacation and jobs that provide vacation time.

In a strong economy, demand is high, supply is comparatively lower for those goods and services, and prices rise.

It wasin April since the kids were out school we went to the beach early.

The nation closed down in early March 2020 due to the pandemic. Many states were on lockdown with travel restricted. The travel industry was in a huge spiral with many of them having to lay off workers because they had to cancel so many bookings. Hotels were discounting ALL rates just to get anyone to travel. We traveled in July and by July the travel industry was in a complete tailspin and trying to get anyone to book travel, so there were huge discounts.

You cannot compare the rates in April 2020 with any time outside of the pandemic lockdowns. It's apples and oranges.

[Anonymous]