Most of Biden’s job gains went to illegal immigrants getting TPS and government workers and were dependent upon massive deficit spending. When you revoke TPS and start deportations, you will get job losses. When you cut government programs you will get job losses. 5% unemployment is the sweet spot. When we get some rate cuts (which are overdue), it will stimulate private sector job growth and decrease our deficit by reducing the interest on the debt. We want an economy that is sustainable. Biden’s economy was smoke and mirrors.
Unemployment remains at 4.3%. For those of us that were around in 2007-2009, it peaked at over 10%. I'm genuinely curious, if it ever got that bad, what would some of you people do? And my question isn't some defense of current policies (the tariff stuff is just plain idiotic for example) but guys, it's going to get worse, much worse. So if these reports make you nervous for your safety or livelihood, put a helmet on. And as always, cash is king.
Most of Biden’s job gains went to illegal immigrants getting TPS and government workers and were dependent upon massive deficit spending. When you revoke TPS and start deportations, you will get job losses. When you cut government programs you will get job losses. 5% unemployment is the sweet spot. When we get some rate cuts (which are overdue), it will stimulate private sector job growth and decrease our deficit by reducing the interest on the debt. We want an economy that is sustainable. Biden’s economy was smoke and mirrors.
Thanks for the opinion. I’ll provide the facts now. 1) Trump is spending is increasing the deficit faster than Biden. 2) 5% unemployment is not the sweet spot. 3) inflation is already running hot. Lower rates will spike it back to 10%+. 4) Trump’s policies are leading us to a recession. There’s no way to avoid it.
America loses jobs for the first time since 2020. Even Faux news calls the numbers "brutal." And this is just the beginning.
This, of course, intentional. The most important thing right now to the billionaire class is lowering interest rates. If a bunch of people lose their jobs and we go into a recession who cares, right? Lower interest rates is the goal here.
Time to fire the head of the Bureau of Labor Statistics.
And let's give Trump complete control over the Federal Reserve and have the military invade Chicago and New Orleans, for good measure. Im sure job growth will be booming after that. America is so fcking hot right now! You might say we're on fire.
Most of Biden’s job gains went to illegal immigrants getting TPS and government workers and were dependent upon massive deficit spending. When you revoke TPS and start deportations, you will get job losses. When you cut government programs you will get job losses. 5% unemployment is the sweet spot. When we get some rate cuts (which are overdue), it will stimulate private sector job growth and decrease our deficit by reducing the interest on the debt. We want an economy that is sustainable. Biden’s economy was smoke and mirrors.
Thanks for the opinion. I’ll provide the facts now. 1) Trump is spending is increasing the deficit faster than Biden. 2) 5% unemployment is not the sweet spot. 3) inflation is already running hot. Lower rates will spike it back to 10%+. 4) Trump’s policies are leading us to a recession. There’s no way to avoid it.
If you want facts:
78-88% of job gains under Biden went to foreign born workers.
The Illegal immigrant population in the US has declined by 1.6 million since Trump took office. Some were deported by Trump. Many self deported.
Unemployment remains at 4.3%. For those of us that were around in 2007-2009, it peaked at over 10%. I'm genuinely curious, if it ever got that bad, what would some of you people do? And my question isn't some defense of current policies (the tariff stuff is just plain idiotic for example) but guys, it's going to get worse, much worse. So if these reports make you nervous for your safety or livelihood, put a helmet on. And as always, cash is king.
Black unemployment rate is 7.2%. Highest since the pandemic, smh. What a 💩 show!
Sherwin-Williams, one of the stronger employers in Cleveland, just announced that they're cutting 401k match to avoid laying people off. The only other times they've done this is during the 2008 recession and 2020 shutdowns. Not a great sign for the economy.