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Biden’s economy
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Anonymous
Can she? Wasn't she the deciding vote on the two largest spending bills? |
Anonymous
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Anyone remember the $845 billion Global Poverty Act proposed by Barack Obama and Joe Biden in 2008?
It would have sprayed the world with money as another democrat feel good initiative. Thank God they killed that one. |
Anonymous
Aww please. She another bleeding heart liberal who would love to confiscate everyone's pay check to spend on what SHE thinks is important. You progressives never run out of "causes". It's like psychological hit of dopamine to you. |
Anonymous
You never met a tax cut or defense spending increase you didn’t support. Too bad you MAGAs like putting everything on the credit card and then sticking it to the working and middle class. And that spending is what got us out of the last recession with the best possible recovery. If they didn’t, you’d be complaining about the “jobless recovery” right now. |
Anonymous
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Anonymous
Defense cuts happen constantly. See rolling BRAC reviews every five years. Meanwhile do you ever audit someone in Section 8 housing or EBT? You get on that, you're on it for life. Go to www.usdebtclock.org and review the largest budget items. It ain't defense. In fact, our INTEREST on the fefersl debt has surpassed the yearly defense budget. SS, medicare, and HHS/HUD are huge. In fact, 70% of the federal budget is transfer payments. That should be a clue to you. So get real, will ya? We're a welfare state, plain and simple. |
Anonymous
Bingo. The Biden stink is all over Kamala. She owns the Biden policies. All of them. |
Anonymous
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Latest BLS Report: https://www.bls.gov/news.release/pdf/empsit.pdf
Half (55,000) of the "gains" were in the section of the economy that extracts 20% of every dollar made and delivers the worst results of any industrialized nation. Think about that one for a minute: Half essentially flushed down the toilet in terms of improving outcomes. In addition hours are being cut which I've noted but this time the BLS reported it on the top-level page. Worse is found in the household survey; over the last 12 months the net change is +56,000. That's right -- only 56,000 jobs gained in the household survey over the last year. Adjusting for population change we're down 1.586 million jobs and that negative sign has been there on an unchanged basis since December. This is slack demand and its evident in the ISM and elsewhere. The problem is the price level and the rampant acceleration in both price and demand that has come from credit emission by the government, both Democrat and Republican, over the last several years. We have not slowed this down at all, neither candidate for President has even mentioned this as a serious issue and doing more of it will not help because we've not slowed it down but the impact is now negative with each successive month of its continuance producing more negative outcomes. There isn't a way to sugarcoat this folks -- we cannot keep adding to the "dose" (e.g. "rate cuts", "more spending" or both) because just as with opioids if you keep doing that into tolerance you will reach the point where your body cannot handle it before you achieve the dose necessary to get stoned. We're there economically and we either withdraw from this foolishness or we will accelerate the negative outcomes. The question is not "will there be a crash"; the answer is yes and there is no avoiding it. The question is now whether you will accept a 50% crash in home prices and a 75% one in stock and other asset prices or whether you will continue trying to bail both out and take an 80 or 90% crash in house prices and a 95% one in the stock market |
Anonymous
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⬆️ this guy needs to stock up on cans and live in a bunker for a while. I will continue to enjoy my investment returns, including up about 20% this year alone.
If we are in a jobs crisis, explain how the prime age labor force participation rate is near record levels (higher than any time under Trump). |
Anonymous
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Intel laying off 15,000 workers.
A strong, vibrant economy!! |
Anonymous
Well, it took the economy close to 6 years to recover from the Great Recession. If they had done more stimulus, we would've recovered faster. |
Anonymous
Intel has been making itself obsolete for a decade. They should have bought Qualcomm in 2000. |
Anonymous
Joe Biden was not the Vice President in 2008. Barrack Obama was not the president in 2008. Would you like to try again? (and then ask yourself what the economy looked like in the fall of 2008 and why such a stimulus bill might have been needed at the time?) |