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?
An imminent Recession seems unlikely as the job market stays red hot.
Discus.
The LFPR is significantly lower than pre pandemic. First time filings for unemployment have been creeping up for months. And with employment and unemployment being lagging indicators of the state of the economy…not as relevant as all the other bad numbers. it’s a recession for sure.
An imminent Recession seems unlikely as the job market stays red hot.
Discus.
The LFPR is significantly lower than pre pandemic. First time filings for unemployment have been creeping up for months. And with employment and unemployment being lagging indicators of the state of the economy…not as relevant as all the other bad numbers. it’s a recession for sure.
The LFPR is basically in trend with 2010-2019. Boomers are getting old.
The LFPR is significantly lower than pre pandemic. First time filings for unemployment have been creeping up for months. And with employment and unemployment being lagging indicators of the state of the economy…not as relevant as all the other bad numbers. it’s a recession for sure.
The LFPR is basically in trend with 2010-2019. Boomers are getting old.
At least the boomers 1) had kids and 2) expanded legal immigration. I thought Biden would be better on the legal immigration issue.
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.
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.
This one aged well 😏😂👋🏼
At least we will have stopped the unabated flow of spending from the last two years when the new house takes over. We'll have about a 222-213 edge in the house that will prevent Biden from causing too much additional damage over the next two years. Democrat COVID policies in NY helped push us over the top, so thanks for that.
U.S. president can only do one thing unilaterally, start small wars. A U.S. president can start mini-wars all around the world daily. Sixty days I believe, U.S. president has about 60 days then Congressional approval is needed. Nonsense in Ukraine has been far longer than 60 days. Republicans, third week of January will have the authority to cut off funding U.S. envolvement in Ukraine. I doubt Republicans in Congress have the gusto to do it.
Biden's doing really well. He could've done better with Sinema not acting the reverse of what her voters elected her to do, and some more cooperation with Manchin, but he's actually been remarkably successful with infrastructure, green energy, foreign policy (Ukraine and coordinating European cooperation), and the economy. Another 263,000 or so new jobs. Even the Fed can't stop this juggernaut of an economy.
Biden's doing really well. He could've done better with Sinema not acting the reverse of what her voters elected her to do, and some more cooperation with Manchin, but he's actually been remarkably successful with infrastructure, green energy, foreign policy (Ukraine and coordinating European cooperation), and the economy. Another 263,000 or so new jobs. Even the Fed can't stop this juggernaut of an economy.
Ukraine is a success? Once U.S. entered the conflict 10 or 11 months ago, Biden administration sent people on TV saying Russia was going to implode soon. A Santa Claus rally on Wall Street has you fooled?
Unemployment numbers are smoke and mirrors. A significant number of the population are working 2-3 jobs to make ends meet and retain their standard of living. No more obvious than the middle and lower class demographics.
Gas prices are declining because consumption is declining. Consumption is declining because we have had two consecutive quarters of negative GDP growth. The reason unemployment is so low and everything costs so much is because the economy is over stimulated (primarily due to the American Rescue Plan, which was not needed). The last thing the economy needs right now is another government spending plan like the Inflation Reduction Act.
What you are missing is the tremendous loss in wealth that has hit the middle class in the past six months. Unemployment is low, but wages are not keeping up with inflation, which has resulted in a reduction in personal savings, an increase in household debt, an increase in foreclosures, etc. The stock market is down about 15-30% at a time when prices have increased close to 10% (meaning people who were invested in stocks (which is most middle class Americans) effectively have 25-40% less wealth in their retirement accounts than a year ago when adjusted for inflation. Their homes are likely worth far less than a year ago (especially when adjusted for inflation), primarily due to rising interest rates (which are pushing up mortgage rates). In summary: Unemployment may be low (for now), but everything you own is likely worth about 15-30% less than it was a year ago due to the effects of inflation. The middle class is getting absolutely hammered and you are cheering it on.
Liberals and idiots are looking at one metric to rationalize the denial of how much of a sh!tshow the Biden admin is.
they're all low paid, minimum wage mc'jobs, just like in the UK. Companies have the cheek to ask for increased migration so they can get more cheap workers.
Both monthly unemployment numbers and monthly job gains are phoney stats, stats that only tell partial truths. Unemployed as measured by states and federal government are people not working AND actively seeking work. If executive branch stated the honest stat, Labor Participate Rate, we wouldn't have all this chest pounding. Monthly job gains: There are over 350 million people in U.S. The population grows daily due to U.S. citizens reproducing natural offspring at greater than replacement rate, more people arrive to work in U.S. compared to a very small number of U.S. citizens who choose to work abroad. Monthly job gains are never compared to monthly net increase in U.S. population. Since U.S. population increases by more than several million per year, U.S. will have more than 200,000 monthly job gains.