Under Bush, the U.S. gained 5 million jobs--and lost 5.9 million the following year from the economic recession he caused.
Under Obama, the U.S. gained 7.1 million jobs, despite the above 5.9 million, which his actions immediately ameliorated with his stimulus package turning the U.S. from very negative to very positive economic growth within a quarter.
Under Trump I, the U.S. lost 2.5 million jobs.
Under Biden, in just four years, the U.S. gained 16.1 million jobs (and post-pandemic inflation fell to 2.8%).
Trump II has killed the Biden job market already.
I believe you and still had to double check this. Holy f*ck these are absurd numbers.
Some extra numbers are: from 1945-2023 the US added 115 million jobs. Under Democratic presidents we averaged 176,000 new jobs a month and under Republican presidents we averaged 67,000 new jobs... Another way to break it down is since Truman we have had 7 presidents reduce unemployment and 6 were Democrats. Democrats have created 72% of jobs since WW2.
Real incomes increased by ~16 cents a year under Democrats and went down 6 cents a year under Republicans.
Democrats manage the deficit better with an average of 2.1% potential GDP vs 2.8% under Republicans.
Stocks go up an average of 11.2% under Democrats and 6.9% under Republicans.
We have had 10 of the last 11 recessions start under Republicans. 84% of quarters in a recession were under Republican presidents.
Take away what you will but everything I have said can be fact checked and well it might not be completely accurate it's approximately what has been happening.
They are NOT illegals, these were temporary workers brought in by Hyundai to get the battery plant operational.
I guarantee you they will eventually be release to go back to work.
This is just another example of ICE desperately trying to meet racist Stephen Millers 3000 arrests a day quota.
Speaking of stealing American jobs, I'm not seeing long lines of Americans lining up to take the 1000s of jobs the migrants left behind on farms and constructions sites and restaurants.
Manufacturing employment is down -78k over the year, by the way.
Epic tariff win
Billionaires know that investing in manufacturing is not the best way to make money. Selling stuff made by the cheap labor (other countries) is far better. ... Selling includes renting homes and apartments to Trumpers ... rents always go up.
They are NOT illegals, these were temporary workers brought in by Hyundai to get the battery plant operational.
I guarantee you they will eventually be release to go back to work.
This is just another example of ICE desperately trying to meet racist Stephen Millers 3000 arrests a day quota.
Speaking of stealing American jobs, I'm not seeing long lines of Americans lining up to take the 1000s of jobs the migrants left behind on farms and constructions sites and restaurants.
Noem is a moron. The fake ICE invaders are paid over $1000 per abductee, even if the abductions were improper. They will be paid because that is how Trump keeps his goons happy ... pay them to keep them in line.
Note that I haven't made any political commentary in this thread, but isntead talked about macroeconomics. You repeatedly attempted feeble results and have a premise entirely built on a fabrication about my politics.
Only a stupid or dishonest person would attribute mortgage rates to the president.
When the president goes against the advice of economic advisors (even those within his own party) he deserves some blame when the fed has to raise rates to counter his out of control spending.
Didn’t help that even after Biden signed the ARP, he added more fuel to the fire in the form of the thrifty food plan, student loan forgiveness, Obamacare and Medicaid expansions that were effectively stimulus (additional spending without complementary tax increases).
They raised rates to a level that was still at or below long-term historical norms. They raised rates from an unsustainably low level that was implemented as an emergency stimulative measure. You have no clue what you're talking about and it makes you look stupid.
The Trump recession is beginning. Within a year most of his blue-collar supporters will have lost their jobs. But they'll blame it on Biden. Or FDR.
This is the plan. The goal is lower interest rates. Trump could give a rats a$$ if people lose their jobs as long as interest rates go down he’s getting what he wants the most.
The Trump recession is beginning. Within a year most of his blue-collar supporters will have lost their jobs. But they'll blame it on Biden. Or FDR.
This is the plan. The goal is lower interest rates. Trump could give a rats a$ if people lose their jobs as long as interest rates go down he’s getting what he wants the most.
Lower rates will help people. All the rate hikes under Biden increased interest on the debt by about $700 billion a year. That annual increase has to be offset by cuts to federal spending or with tax increases. If Dems wanted a voice in where the cuts were made, then they should have made them (or hiked taxes) when they were still in power. They didn’t because it would have been unpopular. Trump is doing what is unpopular but absolutely necessary.
This is the plan. The goal is lower interest rates. Trump could give a rats a$ if people lose their jobs as long as interest rates go down he’s getting what he wants the most.
Lower rates will help people. All the rate hikes under Biden increased interest on the debt by about $700 billion a year. That annual increase has to be offset by cuts to federal spending or with tax increases. If Dems wanted a voice in where the cuts were made, then they should have made them (or hiked taxes) when they were still in power. They didn’t because it would have been unpopular. Trump is doing what is unpopular but absolutely necessary.
This is a short-sighted idea. We're really talking about mortgages, right? Have you heard all of the news about people not being about to afford houses and rent being so high and all of that stuff? Do you remember the house-hopping, over-bidding, and over-paying frenzy that followed the super-low rates following covid? That was a significant driver in both inflation and residential affordability. If you lower rates significantly again, housing prices will zoom even higher - making the problem much worse for people.
Plus it can only help people with current mortgages if rates dropped low enough to make refinancing practical.
Sure it will look good for Trump to say he has reduced the debt, but it will help him, not most people.
This is the plan. The goal is lower interest rates. Trump could give a rats a$ if people lose their jobs as long as interest rates go down he’s getting what he wants the most.
Lower rates will help people. All the rate hikes under Biden increased interest on the debt by about $700 billion a year. That annual increase has to be offset by cuts to federal spending or with tax increases. If Dems wanted a voice in where the cuts were made, then they should have made them (or hiked taxes) when they were still in power. They didn’t because it would have been unpopular. Trump is doing what is unpopular but absolutely necessary.
"Losing jobs will help people" TF is wrong with you?
The Trump recession is beginning. Within a year most of his blue-collar supporters will have lost their jobs. But they'll blame it on Biden. Or FDR.
Speaking of awful, BLS issued a minor revision correcting job gains down by almost 1,000,000 between April, 2024 and March, 2025.
We didn't trust the last BLS report that looked bad for trump. Do we believe this one? Or is the person that reported it going to get fired too? Just trying to keep up.
Lower rates will help people. All the rate hikes under Biden increased interest on the debt by about $700 billion a year. That annual increase has to be offset by cuts to federal spending or with tax increases. If Dems wanted a voice in where the cuts were made, then they should have made them (or hiked taxes) when they were still in power. They didn’t because it would have been unpopular. Trump is doing what is unpopular but absolutely necessary.
This is a short-sighted idea. We're really talking about mortgages, right? Have you heard all of the news about people not being about to afford houses and rent being so high and all of that stuff? Do you remember the house-hopping, over-bidding, and over-paying frenzy that followed the super-low rates following covid? That was a significant driver in both inflation and residential affordability. If you lower rates significantly again, housing prices will zoom even higher - making the problem much worse for people.
Plus it can only help people with current mortgages if rates dropped low enough to make refinancing practical.
Sure it will look good for Trump to say he has reduced the debt, but it will help him, not most people.
Rates impact all borrowing not just mortgages.
Allowing small businesses(which do almost all of the hiring) to borrow money to expand their businesses and hire more employees helps everyone.
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