For supposedly being so smart, libs sure are dumb ****s when it comes to seeing reality. SMC is just another dumb **** that believes whatever MSNBC or the other liberal networks tell them to believe. I wish they'd all suck on a 12 gauge.
Someone just told me
- Thread starter PeoplesElbow
- Start date
And she used her Meds Money.
StmarysCity79
Well-Known Member
That is because you are fed propaganda all day long.
POINTS
www.cnbc.com
www.commerce.gov
POINTS
- President Joe Biden’s economic policies drove an unexpected economic surge that has forced Morgan Stanley to make a “sizable upward revision” in its GDP forecasts.
- Biden’s 2021 infrastructure bill has created “a boom in large-scale infrastructure,” wrote MS analysts, while domestic business investment “is rebounding, led by manufacturing.”
Unemployment is at its Lowest Level in 54 years
Morgan Stanley credits Bidenomics for 'much stronger' than expected GDP growth
Biden's Infrastructure Investment and Jobs Act is "driving a boom in large-scale infrastructure," wrote Morgan Stanley's chief U.S. economist.
www.cnbc.com
News: Unemployment is at its Lowest Level in 54 years
Today, the U.S. Department of Labor’s Bureau of Labor Statistics released the monthly Jobs Report which shows the unemployment rate has dropped to 3.4% with more than a half million jobs created in January and 800,000 manufacturing jobs created in the last two years.
The Labor Participation Rate trumps the BS Unemployment number ever since the Clinton Administration dicked with the input information and made it meaningless.That is because you are fed propaganda all day long.
POINTS
- President Joe Biden’s economic policies drove an unexpected economic surge that has forced Morgan Stanley to make a “sizable upward revision” in its GDP forecasts.
- Biden’s 2021 infrastructure bill has created “a boom in large-scale infrastructure,” wrote MS analysts, while domestic business investment “is rebounding, led by manufacturing.”
Unemployment is at its Lowest Level in 54 years
Morgan Stanley credits Bidenomics for 'much stronger' than expected GDP growth
Biden's Infrastructure Investment and Jobs Act is "driving a boom in large-scale infrastructure," wrote Morgan Stanley's chief U.S. economist.
News: Unemployment is at its Lowest Level in 54 years
Today, the U.S. Department of Labor’s Bureau of Labor Statistics released the monthly Jobs Report which shows the unemployment rate has dropped to 3.4% with more than a half million jobs created in January and 800,000 manufacturing jobs created in the last two years.
If everything I spend money on still costs 50% more than it did three years ago - and my income has not risen correspondingly -
Then it's no comfort at all that those prices are STILL HIGH but they're not rising as fast as they were when they FIRST started rising.
Basically - "yeah stuff costs a LOT MORE - and it's not ever going to go DOWN - and it is getting WORSE - but - hey, it's not getting WORSE as fast"
Then it's no comfort at all that those prices are STILL HIGH but they're not rising as fast as they were when they FIRST started rising.
Basically - "yeah stuff costs a LOT MORE - and it's not ever going to go DOWN - and it is getting WORSE - but - hey, it's not getting WORSE as fast"
Bare-ya-cuda
Well-Known Member
I guess all those help wanted signs everywhere you go and business closing up because they can’t find workers is because unemployment is at its lowest level? Yea ok.That is because you are fed propaganda all day long.
POINTS
- President Joe Biden’s economic policies drove an unexpected economic surge that has forced Morgan Stanley to make a “sizable upward revision” in its GDP forecasts.
- Biden’s 2021 infrastructure bill has created “a boom in large-scale infrastructure,” wrote MS analysts, while domestic business investment “is rebounding, led by manufacturing.”
Unemployment is at its Lowest Level in 54 years
Morgan Stanley credits Bidenomics for 'much stronger' than expected GDP growth
Biden's Infrastructure Investment and Jobs Act is "driving a boom in large-scale infrastructure," wrote Morgan Stanley's chief U.S. economist.
News: Unemployment is at its Lowest Level in 54 years
Today, the U.S. Department of Labor’s Bureau of Labor Statistics released the monthly Jobs Report which shows the unemployment rate has dropped to 3.4% with more than a half million jobs created in January and 800,000 manufacturing jobs created in the last two years.
Could SMC actually be KJP?
Democrats Should Use That As Their Campaign Slogan.
To be honest - low unemployment does cause the first of those scenarios - more workers than jobs.
The second is a consequence of something the pandemic handed us - way too many people WITH skills just said "eff it" and decided to just - QUIT.
Retire. Stop working. Businesses find themselves in the tough position of needing skilled labor and there not being much of it.
Because morons insisted on closing businesses that didn't need to be shut down.
Lunchbox has added NO NEW JOBS to the economy .... ONLY JOBS lost with COIVD have been rehired / Refiled
The risks of Bidenomics go beyond inflation
Joe Biden’s colossal economic stimulus in early 2021 first set inflation on its feverish trajectory, before Russia’s invasion of Ukraine sent prices spiralling further. Voters may soon punish him for it, among other perceived excesses. According to the Pew Research Centre, a polling firm, four-fifths of Americans say the economy will be “very important” to their voting decisions; three-quarters are “very concerned” about the price of food and consumer goods.
Yet the consequences of nearly two years of Bidenomics go well beyond stoking inflation. Bidenomics takes on two of the biggest long-term threats facing America: the rise of an increasingly autocratic China, and the looming dangers of climate change. In the past year Mr Biden has signed three landmark bills, on infrastructure, semiconductors and the environment, which together contain plans to spend $1.7trn. With his executive actions, these amount to full-blown industrial policy. The result is unlike anything seen since Congress threw its weight behind America’s car- and chipmakers in the 1980s. The government will dole out $180bn in subsidies and tax credits to local firms over the next five years. At 0.7% of gdp, that is more than supposedly dirigiste France.
This phase of Bidenomics is praiseworthy in its aims. But its protectionism makes America less likely to achieve them. It is as if, having correctly identified his destination, Mr Biden has tied his legs together before setting off. The costs of this hobbled approach will be borne both by America and its allies.
America rightly wants to maintain its technological lead in advanced chipmaking over China. Semiconductors are growing in military significance, and could become crucial as artificial intelligence reshapes warfare. Another sensible worry relates to America’s dependence on China for crucial green-energy kit such as batteries. This could one day give Xi Jinping a hold over America’s economy, rather as Europe’s reliance on Russian natural gas strengthened the hand of Vladimir Putin. At home Mr Biden wants to spruce up rusting infrastructure and reduce carbon emissions. He has pursued these goals with subsidies and “Buy America” rules, and Democrats might hope that boasting of their support for domestic manufacturing and middle-class jobs will pick up votes on the campaign trail.
The trouble is that protectionism is a poison pill that weakens the whole enterprise. It hurts friend and foe alike, sapping America’s alliances of good faith and encouraging others to respond in kind. The European Union and South Korea complain that buyers of their electric vehicles will not benefit from America’s new subsidies, which will favour cars assembled in North America, and which may breach the World Trade Organisation’s rules. The eu is readying its own chip subsidies, which will compete wastefully with America’s. America’s attempts to woo Asian countries away from China’s sphere of influence, for example through the Indo-Pacific Economic Framework, its latest trade initiative in the region, have been undermined by its inward turn. Western protectionism lends credibility to Mr Xi’s claims that democracies argue for global economic rules only when they are not the ones breaking them.
At home, too, protectionism makes the aims of Bidenomics harder to achieve. Subsidising electric cars assembled in North America will make them more expensive and lower-quality, dulling the incentive to go green. The new laws often require projects to pay government-mandated “prevailing wages”, or to use American iron and steel. The Department of Commerce’s plan for doling out chip subsidies pledges to take on an array of social problems, from giving jobs to the poor to helping businesses owned by women. The red tape will raise costs to consumers and taxpayers still further.
Economists expected the country to add 1 million jobs in April. It added just 266,000 — a sign that Bidenomics is kicking in and already becoming a dangerous drag on the economy.
The Bureau of Labor Statistics also revealed Friday that the unemployment rate rose slightly, from March’s 6 percent to 6.1 percent. Its jobs report was a stunning blow after March saw 770,000 jobs added.
But it shouldn’t come as a complete shock: President Joe Biden’s determination to grow government on the backs of business, and thus consumers, was going to hit growth at some point.
Without question, part of the problem is the $300 weekly federal supplement to unemployment benefits, which Biden’s nearly $2 trillion COVID “relief” package extended all the way until Sept. 6. A University of Chicago study found that 42 percent of those receiving unemployment checks are making more from the government than they did at the jobs they lost, without even including health-insurance aid for the unemployed.
But the prez refuses to take any responsibility — and even threatens to send more “help.”
“Do you believe enhanced unemployment benefits had any effect on diminishing a return to work in some categories?” a reporter asked Friday; Biden responded, “No, nothing measurable.” His Treasury secretary, Janet Yellen, agreed, saying it wasn’t a “major factor.” Both admitted, though, that businesses are having trouble filling jobs.
Of course they are. How many people would jump at a 40-hour workweek when they can get the same or more sitting on the couch? Gotham restaurants have struggled to fill positions, and they say it’s thanks to the extended benefits. “The stimulus plan is being completely undermined by the unemployment program,” Philippe Massoud, CEO of Manhattan’s Lebanese eatery Ilili, told The Post.
Not that Biden’s stimulus helped matters: The US future inflation gauge is at a three-decade high, and consumers are already seeing higher prices in everything from baby products to groceries to cars. That’s what happens when you throw money into the economy willy-nilly, as Biden has done (and plans to do much more). The M2, a key measure of the money supply, is up by 25 percent over last year.
nypost.com
The Bureau of Labor Statistics also revealed Friday that the unemployment rate rose slightly, from March’s 6 percent to 6.1 percent. Its jobs report was a stunning blow after March saw 770,000 jobs added.
But it shouldn’t come as a complete shock: President Joe Biden’s determination to grow government on the backs of business, and thus consumers, was going to hit growth at some point.
Without question, part of the problem is the $300 weekly federal supplement to unemployment benefits, which Biden’s nearly $2 trillion COVID “relief” package extended all the way until Sept. 6. A University of Chicago study found that 42 percent of those receiving unemployment checks are making more from the government than they did at the jobs they lost, without even including health-insurance aid for the unemployed.
But the prez refuses to take any responsibility — and even threatens to send more “help.”
“Do you believe enhanced unemployment benefits had any effect on diminishing a return to work in some categories?” a reporter asked Friday; Biden responded, “No, nothing measurable.” His Treasury secretary, Janet Yellen, agreed, saying it wasn’t a “major factor.” Both admitted, though, that businesses are having trouble filling jobs.
Of course they are. How many people would jump at a 40-hour workweek when they can get the same or more sitting on the couch? Gotham restaurants have struggled to fill positions, and they say it’s thanks to the extended benefits. “The stimulus plan is being completely undermined by the unemployment program,” Philippe Massoud, CEO of Manhattan’s Lebanese eatery Ilili, told The Post.
Not that Biden’s stimulus helped matters: The US future inflation gauge is at a three-decade high, and consumers are already seeing higher prices in everything from baby products to groceries to cars. That’s what happens when you throw money into the economy willy-nilly, as Biden has done (and plans to do much more). The M2, a key measure of the money supply, is up by 25 percent over last year.
Bidenomics is already starting to slam the US economy
Economists expected the country to add 1 million jobs in April. It added just 266,000 — a sign that Bidenomics is kicking in and already becoming a dangerous drag on the economy. The Bureau of…
nypost.com
Dude - two years ago.Economists expected the country to add 1 million jobs in April. It added just 266,000 — a sign that Bidenomics is kicking in and already becoming a dangerous drag on the economy.
The Bureau of Labor Statistics also revealed Friday that the unemployment rate rose slightly, from March’s 6 percent to 6.1 percent. Its jobs report was a stunning blow after March saw 770,000 jobs added.
But it shouldn’t come as a complete shock: President Joe Biden’s determination to grow government on the backs of business, and thus consumers, was going to hit growth at some point.
Without question, part of the problem is the $300 weekly federal supplement to unemployment benefits, which Biden’s nearly $2 trillion COVID “relief” package extended all the way until Sept. 6. A University of Chicago study found that 42 percent of those receiving unemployment checks are making more from the government than they did at the jobs they lost, without even including health-insurance aid for the unemployed.
But the prez refuses to take any responsibility — and even threatens to send more “help.”
“Do you believe enhanced unemployment benefits had any effect on diminishing a return to work in some categories?” a reporter asked Friday; Biden responded, “No, nothing measurable.” His Treasury secretary, Janet Yellen, agreed, saying it wasn’t a “major factor.” Both admitted, though, that businesses are having trouble filling jobs.
Of course they are. How many people would jump at a 40-hour workweek when they can get the same or more sitting on the couch? Gotham restaurants have struggled to fill positions, and they say it’s thanks to the extended benefits. “The stimulus plan is being completely undermined by the unemployment program,” Philippe Massoud, CEO of Manhattan’s Lebanese eatery Ilili, told The Post.
Not that Biden’s stimulus helped matters: The US future inflation gauge is at a three-decade high, and consumers are already seeing higher prices in everything from baby products to groceries to cars. That’s what happens when you throw money into the economy willy-nilly, as Biden has done (and plans to do much more). The M2, a key measure of the money supply, is up by 25 percent over last year.
Bidenomics is already starting to slam the US economy
Economists expected the country to add 1 million jobs in April. It added just 266,000 — a sign that Bidenomics is kicking in and already becoming a dangerous drag on the economy. The Bureau of…
Article is two years old - maybe they started saying Bidenomics, but your article is from May 2021.
The article is dated May 7th 2021.
Yeah Biden has been fuking up the country for 2 yrs with Bidenomics
glhs837
Power with Control
But how long does that last once the subsidy sugar high wears off? And the unions start cranking up the wages and benefits demand and striking until you find out why the jobs left in the first place?
glhs837
Power with Control
Oh, not long at all. It's already happening and the friken plant isnt completed yet. They wont be happy until they destroy the transition, for US makers anyway. Because you need far fewer workers to make EVs and fewer workers means less dues money to buy politicians with. The industry will be, or is faced now with, the choice of going under now due to strikes, or going under later as they are forced to have twice as many workers as they need to do the job.