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Biden’s economy
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Anonymous
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https://www.cnbc.com/2024/09/05/layoffs-jump-in-august-while-hiring-in-2024-is-at-a-historic-low-challenger-reports-shows.html
Oof Layoffs soared in August, hitting their highest total for the month in 15 years, while year-to-date hiring hit the lowest in the 19 years of a Challenger, Gray & Christmas survey. The report showed the biggest growth in planned layoffs came in the technology field, with companies announcing 41,829 cuts, the most in 20 months. While the inflation rate is “going down” the cost of living is still way up https://www.statista.com/chart/amp/31264/change-in-us-consumer-prices-by-expenditure-category/ The things that matter the most (food, shelter, transportation) are skyrocketing. Food, housing and transportation up over 25%. Thanks to Bidenomics, rent has increased another 5% from last year alone!!! One-half of American credit cardholders carry a credit card balance from month to month. That's 50 percent of cardholders, compared to 44 percent in January 2024 and 60 percent in March 2020. The likelihood of having credit card debt increases with age until the boomer generation.Aug 5, 2024. And it isn’t lavish spending, people are using them to buy food and gas! The economy is in shambles and thanks to Bidenomics it’s going to get worse as there seems to be new layoffs announced every day. No matter what the regime tells you and how they gaslight you into thinking things are good, most of America knows it’s not |
Anonymous
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For anyone not keeping track:
There have only been 6 upward jobs revisions since January 2023. Meanwhile, there have been 13 downward revision with many of these reports being revised down TWICE. Market confidence in labor market data is deteriorating. Something is wrong. |
Anonymous
Not a tell sign for anything. Most people pay for their gas and groceries with credit cards. I have been doing it for years to get my points or cash back rewards. I pay credit for everything. |
Anonymous
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Hey democrats: stop dumping money on every problem and figure out what's really going on.
Biden committed $20B for Intel to build new plants ($9B in cash, $11B in loan guarantees). Intel started construction, and hired thousands of H one B workers for new plants. Then Intel announced financial woes. Now, US administrators don't want to release the funds. The Biden-Harris administration's big bet on Intel Corp. to lead a US chipmaking renaissance is in grave trouble as a result of the company's mounting financial struggles, creating a potentially damaging setback for the country's most ambitious industrial policy in decades... Five months after the president traveled to Arizona to unveil a potential $20 billion package of incentives alongside Chief Executive Officer Pat Gelsinger, there are growing questions around when or if Intel will get its hands on that money. Intel's woes also may jeopardize the government's ability to reach its policy goals, which include establishing a secure supply of cutting-edge chips for the Pentagon and making a fifth of the world's advanced processors by 2030. Intel is mired in a sales slump worse than anticipated and hemorrhaging cash, forcing its board to consider increasingly drastic actions including possibly splitting off its manufacturing division or paring back global factory plans, Bloomberg reported last week. That threatens to further complicate its quest for government funding, at a time when Intel desperately needs the help. https://www.bloomberg.com/news/articles/2024-09-04/intel-s-money-woes-throw-biden-team-s-chip-strategy-into-turmoil You can't just run campaigns for power and then fumble when you actually have to do your job in office. I swear, you democrats are all about acing interviews and then falling apart after accepting the job. |
Anonymous
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Dell laying of 12,500
https://siliconangle.com/2024/08/05/dell-lays-off-thousands-workers-sales-reorganization/ Cisco laying off 5,900 https://apnews.com/article/cisco-job-cuts-technology-layoffs-78ad036870555f53fe03739cf1ae76f9 |
Anonymous
It is likely that Qualcomm will buy this division and then recieve the money and finish the project. |
Anonymous
Anonymous
And? That is capitalism. |
Anonymous
The crazy layoff guy is back. I repeat layoffs are near historic lows! You have to realize that there are between 1.5M and 1.8M layoffs every month, this is low. So posting about 12k layoffs is meaningless in a dynamic economy since the net effect is still an increase in jobs! And with wages strongly outpacing inflation that means we are replacing them with better jobs. 
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Anonymous
These are old 90s companies, that sell products that are essentially commodities, and they are not innovated in probably two decades. They are competing with so many other players and not really standing out. |
Anonymous
Anonymous