Biden’s economy

[Anonymous]

Let's do the pharmacies.: CVS and Walgreens “probably do have too many stores because they overexpanded, but the bigger problem is that the stores that they have are not very good,” said Neil Saunders, retail analyst at the firm GlobalData."

Lt's do 7-11: "shuttered due to the cumulative factors of inflation, slower customer traffic, and declining cigarette sales."

Let's do Dirt Cheap: no idea here. Parent company filed bankruptcy. No real info.

Let's do Boeing: Oh wait, the fouled their own pants.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

I see 200,000 jobs created according to his chart.

What is an auto manufacturing job? Is it assembly? Procurement? Can anyone define what it is. Where is he getting these numbers from?

This chart is suspect. I need sources.

https://www.forbes.com/sites/energyinnovation/2024/08/21/inflation-reduction-act-two-years-later-auto-manufacturing-jobs-at-34-year-peak/

Here you go...
Comparing job trends across presidential administrations highlights these findings. During the Biden administration, the U.S. added an average of 19,500 vehicle manufacturing jobs annually, the strongest growth under any recent presidency. By contrast, the industry experienced significant declines during the Bush administration, with an average loss of 14,100 jobs per year. The Obama administration, despite inheriting a struggling auto industry, managed to spur growth, adding an average of 6,200 jobs annually over eight years. During the Trump administration, before the COVID-19 recession, the industry grew by 9,500 jobs per year.

Similar trends are evident in the broader category of transportation equipment manufacturing, which includes vehicle assembly, engine manufacturing, parts suppliers, aircraft, and off-road vehicle production. Employment in this sector has reached a 22-year high, returning to levels last seen in 2002. Historical comparisons across presidential administrations show a consistent pattern, with the Biden administration leading in job

[Anonymous]

Anonymous wrote:Walgreens closing 1200 stores.

CVS laying off 2,900 employees.

https://www.npr.org/2024/10/16/nx-s1-5154129/cvs-and-walgreens-closing-stores-why

automation and online prescription fulfillment and amazon.

[Anonymous]

Big lots closing stores, cvs closing stores, walgreens closing stores.

Nope nothing to see here. What recession? Economy is DOING GREAT!!!!

[Anonymous]

Anonymous wrote:Let's do the pharmacies.: CVS and Walgreens “probably do have too many stores because they overexpanded, but the bigger problem is that the stores that they have are not very good,” said Neil Saunders, retail analyst at the firm GlobalData."

Lt's do 7-11: "shuttered due to the cumulative factors of inflation, slower customer traffic, and declining cigarette sales."

Let's do Dirt Cheap: no idea here. Parent company filed bankruptcy. No real info.

Let's do Boeing: Oh wait, the fouled their own pants.

The pharmacies also went to a "self checkout" model, so that is like 5 people per store nationwide as it is.

[Anonymous]

"The current U.S. administration's clean tech and modern supply-side industrial policy is central to its goals for job creation, with the" IRA serving as a cornerstone.

Two years after the IRA’s passage, its provisions have boosted domestic manufacturing jobs, particularly through clean vehicle manufacturing incentives."

[Anonymous]

Anonymous wrote:

Anonymous wrote:

I see 200,000 jobs created according to his chart.

What is an auto manufacturing job? Is it assembly? Procurement? Can anyone define what it is. Where is he getting these numbers from?

This chart is suspect. I need sources.

Trump and/or Biden didn't hire or fire any of these people. You people trying to give a lot of credit or blame for recent job growth/loss or economic gains/losses to our most recent two presidents are just idiots. The American economy is a very big and powerful ship that turns very slowly based on tides that are decades in the making. Any short term spikes or declines in anything related to the economy are results of things like a pandemic for which a POTUS has no control over.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Let's do the pharmacies.: CVS and Walgreens “probably do have too many stores because they overexpanded, but the bigger problem is that the stores that they have are not very good,” said Neil Saunders, retail analyst at the firm GlobalData."

Lt's do 7-11: "shuttered due to the cumulative factors of inflation, slower customer traffic, and declining cigarette sales."

Let's do Dirt Cheap: no idea here. Parent company filed bankruptcy. No real info.

Let's do Boeing: Oh wait, the fouled their own pants.

The pharmacies also went to a "self checkout" model, so that is like 5 people per store nationwide as it is.

The article also notes that "They’ve accumulated too many stores at a time of changing shopper habits. They’re saddled with numerous government fines and a particularly ailing relationship with health insurers."

[Anonymous]

RITE AID TOO CLOSING STORES

[Anonymous]

Anonymous wrote:Big lots closing stores, cvs closing stores, walgreens closing stores.

Nope nothing to see here. What recession? Economy is DOING GREAT!!!!

Read above to see why these businesses are closing. They are mostly self inflicted wounds and changing habits, but sure, enjoy rolling around in your featherweight arguments as light as your brain mass.

[Anonymous]

Anonymous wrote:RITE AID TOO CLOSING STORES

Guess Rite Aid shouldn't have been sued for being drug pushers. Maybe they'd still be around. "The company filed for bankruptcy in October 2023 following mounting debt, falling revenue, and multimillion-dollar opioid settlements."

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

I see 200,000 jobs created according to his chart.

What is an auto manufacturing job? Is it assembly? Procurement? Can anyone define what it is. Where is he getting these numbers from?

This chart is suspect. I need sources.

Trump and/or Biden didn't hire or fire any of these people. You people trying to give a lot of credit or blame for recent job growth/loss or economic gains/losses to our most recent two presidents are just idiots. The American economy is a very big and powerful ship that turns very slowly based on tides that are decades in the making. Any short term spikes or declines in anything related to the economy are results of things like a pandemic for which a POTUS has no control over.

The manufacturing jobs are a direct result of the IRA and the CHIPs Act, of which the GOP uniformly opposed. There is a reason historians have said that the Biden Administration is the most consequential in the US since FDR.

Trump could have passed bills that incentivized domestic manufacturing but instead he imposed tariffs.

[Anonymous]

Looks like several companies are laying off a percentage of their workforce.

When will fed.gov do the same?

[Anonymous]

Anonymous wrote:Looks like several companies are laying off a percentage of their workforce.

When will fed.gov do the same?

they layoffs are generally company specific, mostly having to do with technology replacing workers.

[Anonymous]

The problem for dems is everyone remembers when they had more money in their pockets. You can't trick people about that.