Biden’s economy

[Anonymous]

[Anonymous]

[Anonymous]

Anonymous wrote:

But how much will it cost big Pharma?

[Anonymous]

San Francisco Chronicle - Intel to cut morr than 16,500 Jobs in one of the biggest mass tech layoffs since pandemic

[Anonymous]

[Anonymous]

Anonymous wrote:San Francisco Chronicle - Intel to cut morr than 16,500 Jobs in one of the biggest mass tech layoffs since pandemic

This isn't an economy issue. Intel has screwed up its business model and has been losing out to competition with TSMC and AMD as well as Apple's decision to insource its chip development and most recently with AI, Nvidia.

[Anonymous]

[Anonymous]

Real GDP growth revised up to 3%. Inflation down to 2.6%. S&P500 up 19% YTD, and near a record. New business start ups booming. Manufacturing construction booming at triple the pre-COVID rate (thanks to Biden IRA). Jobs up an average of 174k a month over the last year.

The macro numbers are excellent. But Shake Shack did close a few stores, so there is that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

But how much will it cost big Pharma?

It will eat a little into their profits, but since they all got the patent for free, they have been ripping everyone off for decades.

[Anonymous]

Anonymous wrote:San Francisco Chronicle - Intel to cut morr than 16,500 Jobs in one of the biggest mass tech layoffs since pandemic

Intel has been on the declines for decades. This isn't a surprise. They should have bought Qualcomm in the 2000's to try to keep pace.

[Anonymous]

[Anonymous]

Shell laying off 20% of its workforce:
https://www.chron.com/news/houston-texas/article/shell-layoffs-houston-19739484.php

Ouch! Thanks Bidenomics

GS, Tesla, Amazon
https://www.businessinsider.com/layoffs-sweeping-us-these-are-companies-making-cuts-2024

GM cuts more jobs too
https://www.cnbc.com/amp/2024/08/19/gm-lays-off-more-than-1000-salaried-software-and-services-employees.html

Hold onto your hats folks, it’s going to be a cold winter

https://www.cnet.com/personal-finance/banking/advice/cnet-survey-78-percent-of-americans-are-stressed-about-rising-energy-bills/

Especially for those who can’t afford their utility bills. Over 3/4 of Americans stressed that can’t pay their utilities!

Thanks to Bidenomics and Kalamity Kamala’s economic polices were headed for a massive recession

[Anonymous]

Anonymous wrote:Real GDP growth revised up to 3%. Inflation down to 2.6%. S&P500 up 19% YTD, and near a record. New business start ups booming. Manufacturing construction booming at triple the pre-COVID rate (thanks to Biden IRA). Jobs up an average of 174k a month over the last year.

The macro numbers are excellent. But Shake Shack did close a few stores, so there is that.

Wrong it’s 2.9% but that cumulative.
That’s based on the already high prices.

https://www.usinflationcalculator.com/inflation/current-inflation-rates/

The current annual inflation rate is 2.9%, the lowest since March 2021. Prices are still 20.9% more expensive since the pandemic-induced recession began in February 2020, with just 6% of the nearly 400 items the Bureau of Labor Statistics tracks cheaper today. Most of the things America rely on most (rent, food, insurance, utilities) are still high and in some cases 50% higher. Insurance rates have skyrocketed for those who own homes and vehicles.


More American kids are going hungry because their parents can’t afford food
https://fortune.com/well/article/americas-kids-hungry-over-summer/
CC debt is way up and people use them to buy just the necessities
https://www.cnbc.com/amp/2024/05/20/americans-are-going-into-debt-to-buy-groceries-research-finds.html

So the only ones benefiting right now are Joes rich Wall Street buddies. Main Street America is still struggling

[Anonymous]

Anonymous wrote:

Anonymous wrote:Real GDP growth revised up to 3%. Inflation down to 2.6%. S&P500 up 19% YTD, and near a record. New business start ups booming. Manufacturing construction booming at triple the pre-COVID rate (thanks to Biden IRA). Jobs up an average of 174k a month over the last year.

The macro numbers are excellent. But Shake Shack did close a few stores, so there is that.

Wrong it’s 2.9% but that cumulative.
That’s based on the already high prices.

https://www.usinflationcalculator.com/inflation/current-inflation-rates/

The current annual inflation rate is 2.9%, the lowest since March 2021. Prices are still 20.9% more expensive since the pandemic-induced recession began in February 2020, with just 6% of the nearly 400 items the Bureau of Labor Statistics tracks cheaper today. Most of the things America rely on most (rent, food, insurance, utilities) are still high and in some cases 50% higher. Insurance rates have skyrocketed for those who own homes and vehicles.


More American kids are going hungry because their parents can’t afford food
https://fortune.com/well/article/americas-kids-hungry-over-summer/
CC debt is way up and people use them to buy just the necessities
https://www.cnbc.com/amp/2024/05/20/americans-are-going-into-debt-to-buy-groceries-research-finds.html

So the only ones benefiting right now are Joes rich Wall Street buddies. Main Street America is still struggling

And the GOP let the child tax credit expire - that had been addressing this prior to.

[Anonymous]

Billions were allocated for nationwide EV charging stations and EIGHT were built. Where did the rest of the money go?
Billions were allocated for modern high speed internet infrastructure across America. Where did the money go?

Audits need to be done and people held to account.