So how is unemployment low and people are not working? The labor force has shrunk but unemployment factors that in.
Fewer people that want to work can’t find a job than at virtually any point in the last hundred years. That’s an excellent marker for a strong economy.
Fewer people? Try mega amounts don't want to work, period. You do realize that lots of slackers like you are still on unemployment, don't ya? After a period of time, they are removed from the stats, aka they don't count, as they aren't seeking employment.
In general you can't collect unemployment and not be seeking employment.
If the economy is so great, why can't the frigging deadbeats payoff their student loans?
because there is too much income and wealth inequality. inflation is still at 8% even though it went down a tad from last month. healthy economy target would be 2%
A bit funny the people are desperate to claim there is a recession because... politics.
Sadly, the economy is only going to get better until the midterms.
The funny thing is that the Dems continue to deny the economic reality by desperately trying to do things like redefine recession. The economy is not going to get better. People are burning through money they don't have, interest rates continue to rise and production continues to fall. You are grasping at straws.
Lol. None of this is true. Jobs are strong. Energy prices falling. Polling up. Interest rates likely don't need to go much higher. MoM inflation is flat. I'm not sure why you're so desperate for things to be worse than they are... politics are weird.
Fewer people? Try mega amounts don't want to work, period. You do realize that lots of slackers like you are still on unemployment, don't ya? After a period of time, they are removed from the stats, aka they don't count, as they aren't seeking employment. Biden has done jack squat to the economy but F it up by trying to buy votes. IF Trump did the same thing, you'd all be on here saying that he's buying votes, but you wimpy weasels won't dare bring that up as you sh*t your pants with facts;)
Simple Google for federal stats shows that there are fewer unemployment insurance claims now than pre-pandemic lows…
Total labor force is roughly 1MM (fewer than 1%) people less than it was pre-pandemic. So there’s not some huge loss of labor pool.
Facts are never of interest to the politically dogmatic. They would literally wish for a recession and foreclosure on their own house if it made the Dems/GOP look bad.
If the economy is so great, why can't the frigging deadbeats payoff their student loans?
because there is too much income and wealth inequality. inflation is still at 8% even though it went down a tad from last month. healthy economy target would be 2%
I do not have student loans and never did but just my observation
Facts are never of interest to the politically dogmatic. They would literally wish for a recession and foreclosure on their own house if it made the Dems/GOP look bad.
Harambe, can you get any stupider? You wouldn't know what a fact is if it went to bed with you on a Friday night. Yes, you Dems are looking for a total collapse of this Country and that's what you wish for so you can blame it on Conservatives. Does the name Conservative and it's meaning give you pause? No, well it's liberal dumb@ass policies that are bringing this country down old man Harambe. Grow a pair, idiot.
Precious, you’re posts typically cause a fit of involntary retching but this almost seems logical, as in based on reality and not some infantile idealist twaddle. Thought I’d let you know
Facts are never of interest to the politically dogmatic. They would literally wish for a recession and foreclosure on their own house if it made the Dems/GOP look bad.
Well they might lose their home, but it would make those damn libs look bad so it would be worth it.
(Recent college grads have never (in my memory) had it so well. Great paying jobs are just waiting for them)
The funny thing is that the Dems continue to deny the economic reality by desperately trying to do things like redefine recession. The economy is not going to get better. People are burning through money they don't have, interest rates continue to rise and production continues to fall. You are grasping at straws.
Lol. None of this is true. Jobs are strong. Energy prices falling. Polling up. Interest rates likely don't need to go much higher. MoM inflation is flat. I'm not sure why you're so desperate for things to be worse than they are... politics are weird.
People might report concerns about the economy in polls but their behavior does not reflect that at all. It reflects great confidence and willingness to spend and spend a lot and confidence in their future to keep well paying jobs.
Trump and governors, including Florida's, were in office for the "lockdown." Biden's time and actions have seen remarkable growth. We've never returned to higher employment this swiftly after a deep, deep recession. Jobs are going wanting there are so many available. Inflation is now being curbed and life is a lot better employed with higher prices than unemployed. Moreover, the housing gains have seen enormous paper wealth gains for a large chunk of the population. Up to 43 million borrowers will see $10k-20k cancelled, which will help them get out of debt and be able to move forward with life and family and investments.
Fair enough points. I actually agree with your post. My point wasn’t so much ‘praise’ for Obama, as it was ‘criticism’ for Trump. Obama’s economic policies were basically the same as Bill Clinton’s (he also had essentially the same economic advisors… so moderate, corporate, free trade Democratic policy). But Trump just blew through money, and economic growth for the first 3 years was identical to the trends of Obama’s second term. (I’m ignoring the 4th year, because that was warped by the pandemic, and ANY President would’ve had massive job losses regardless).
LOL! Between you and Idiotpole, I don't know who is worse? Before the pandemic, unemployment was at record low levels due to 3 years of Trump, NOT Obama. You libs either downright lie or gloss over the truth with broad strokes. Trump blew through money? Try Econ 101 brainfarter. Before the virus the stock market and unemployment were in GREAT shape. Reverse the situation and put Obama's name or Biden's name where Trump is and then "they are geniuses man, amazing geniuses!". It's to funny seeing the same people post the same crap on every thread. Flagpole either states the obvious and pawns it off as his own, lies, or talks out both ends. To be honest, it's great entertainment as the top 3 libs on these threads are morons:)
Comparing last 3 years of Obama’s presidency with first 3 years of Trump’s:
- Average monthly jobs gains for Obama was 225,000. For Trump, the peak was 193,000. - S&P500 under Obama went from 1928 to 2780 (44%), under Trump from 2780 to 3725 (34%). - Unemployment under Obama went from 6.6% to 4.7%, under Trump went from 4.7% to 3.6%
So less job growth, less drop in the unemployment rate, and less growth in the stock market. In other words… based on the Econ 101 course you took.. the greatest economy ever. Because you would NEVER claim that your impression of the economy is dependent on who’s in the White House.
Lol. None of this is true. Jobs are strong. Energy prices falling. Polling up. Interest rates likely don't need to go much higher. MoM inflation is flat. I'm not sure why you're so desperate for things to be worse than they are... politics are weird.
People might report concerns about the economy in polls but their behavior does not reflect that at all. It reflects great confidence and willingness to spend and spend a lot and confidence in their future to keep well paying jobs.
Don't confuse willingness to spend and spend with having to spend more for the same level of goods because prices are soaring. Consumer debt hit a record. People are using credit cards to deal with inflation with no way to get out from under it.
LOL! Between you and Idiotpole, I don't know who is worse? Before the pandemic, unemployment was at record low levels due to 3 years of Trump, NOT Obama. You libs either downright lie or gloss over the truth with broad strokes. Trump blew through money? Try Econ 101 brainfarter. Before the virus the stock market and unemployment were in GREAT shape. Reverse the situation and put Obama's name or Biden's name where Trump is and then "they are geniuses man, amazing geniuses!". It's to funny seeing the same people post the same crap on every thread. Flagpole either states the obvious and pawns it off as his own, lies, or talks out both ends. To be honest, it's great entertainment as the top 3 libs on these threads are morons:)
Comparing last 3 years of Obama’s presidency with first 3 years of Trump’s:
- Average monthly jobs gains for Obama was 225,000. For Trump, the peak was 193,000. - S&P500 under Obama went from 1928 to 2780 (44%), under Trump from 2780 to 3725 (34%). - Unemployment under Obama went from 6.6% to 4.7%, under Trump went from 4.7% to 3.6%
So less job growth, less drop in the unemployment rate, and less growth in the stock market. In other words… based on the Econ 101 course you took.. the greatest economy ever. Because you would NEVER claim that your impression of the economy is dependent on who’s in the White House.
- It's easy to have job growth when unemployment is high to begin with.
- The stock market is a leading indicator. The stock market literally rallied at the end of Obama's term because he was leaving, not because of what he did.
Facts are never of interest to the politically dogmatic. They would literally wish for a recession and foreclosure on their own house if it made the Dems/GOP look bad.
Harambe, can you get any stupider? You wouldn't know what a fact is if it went to bed with you on a Friday night. Yes, you Dems are looking for a total collapse of this Country and that's what you wish for so you can blame it on Conservatives. Does the name Conservative and it's meaning give you pause? No, well it's liberal dumb@ass policies that are bringing this country down old man Harambe. Grow a pair, idiot.
So you won’t reply to the post where I showed you were just making stuff up that made you feel good? Feelings not facts, eh?
Facts are never of interest to the politically dogmatic. They would literally wish for a recession and foreclosure on their own house if it made the Dems/GOP look bad.
Are 68% of Americans all in the tank for the Republicans?
Facts are never of interest to the politically dogmatic. They would literally wish for a recession and foreclosure on their own house if it made the Dems/GOP look bad.
Are 68% of Americans all in the tank for the Republicans?
Comparing last 3 years of Obama’s presidency with first 3 years of Trump’s:
- Average monthly jobs gains for Obama was 225,000. For Trump, the peak was 193,000. - S&P500 under Obama went from 1928 to 2780 (44%), under Trump from 2780 to 3725 (34%). - Unemployment under Obama went from 6.6% to 4.7%, under Trump went from 4.7% to 3.6%
So less job growth, less drop in the unemployment rate, and less growth in the stock market. In other words… based on the Econ 101 course you took.. the greatest economy ever. Because you would NEVER claim that your impression of the economy is dependent on who’s in the White House.
- It's easy to have job growth when unemployment is high to begin with.
- The stock market is a leading indicator. The stock market literally rallied at the end of Obama's term because he was leaving, not because of what he did.
S&P went from 2561 in 12/15 to 2780 in 12/16. Same level of growth it had during the entire Obama presidency. Not sure where you see a major rally (and for all of 2016 everyone thought Clinton was going to win… who would’ve been a continuation of his policies).
On job growth, it’s not easy to create jobs if your economic plan is terrible, regardless of where your starting point is.
Facts are never of interest to the politically dogmatic. They would literally wish for a recession and foreclosure on their own house if it made the Dems/GOP look bad.
Are 68% of Americans all in the tank for the Republicans?
No, they are not. Inflation is brutal on the average American. This is the major driver of Biden’s poor approval numbers. No way around that fact. If the administration wants that to change, all their policies have to focus on improving supply chains, controlling energy prices, food supplies…etc. No ‘legislative wins’ in the headlines are going to change that fact. People can see what things cost.
If history has taught me much of anything, it is this: Voters vote their pocketbook, and rightfully so. If voters feel the current administration has screwed the economy, they are out of there. Biden has obliterated the economy and just can't help but try to spend his way out of inflation and recession using modern monetary theory.
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