Doc7505
Diamond Member
- Feb 16, 2016
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Biden wants credit for a strong economy. Americans aren’t buying it.
Biden wants credit for a strong economy. Americans aren’t buying it.
Americans remain pessimistic about the economy despite huge job growth and cooling inflation. A slew of recent polls reveal that Americans are still struggling with high costs and aren’t convinced …
thehill.com
Americans remain pessimistic about the economy despite huge job growth and cooling inflation.
A slew of recent polls reveal that Americans are still struggling with high costs and aren’t convinced that the U.S. can stave off a recession as the Federal Reserve takes steps to slow the economy down.
That presents a challenge for President Biden, who took a victory lap last week after federal data showed that the U.S. added a shocking 517,000 jobs in January, blowing away analysts’ predictions of slowing job growth. The unemployment rate fell to 3.4 percent, the lowest since 1969.
“Add that all up, it means we created 12 million jobs since I took office,” Biden said Friday. “That’s the strongest two years of job growth in history by a long shot.”
Even so, just 37 percent of respondents in a recent Washington Post-ABC News poll said they approve of the economy, with 58 percent voicing disapproval. That’s unchanged from February 2022.
~Snip~
Inflation is still top of mind for voters. And while inflation has come down in recent months — prices fell 0.1 percent from December to January, according to the Labor Department — the cost of essential goods and services remains elevated.
~Snip~
The economy is the No. 1 issue for U.S. voters, according to a Pew Research Center poll released Monday. Three-quarters of respondents said that strengthening the economy should be the top priority for Biden and Congress.
Most voters put the onus on Biden to keep the economy afloat. Forty-eight percent of those surveyed in the CBS poll said that Biden will be responsible “a lot” for the economy this year, ahead of the Federal Reserve, with 39 percent.
Commentary:
Strong economy? I just paid nearly $8.00 for a dozen eggs at Wally-World. My grocery bill keeps says inflation is not cooling, but increasing.
The entire country admits Joe's policies are worse than the Carter era. The economists and facts prove it.
Strong economy? Nearly everything we purchase, touch and see is made in China...What a great economy we have. United States of Consumers. And now we have Chinese spy craft suspended by giant balloons over our heads.
When incompetent, highly corrupt traitorous politicians make a claim like that. All he did was destroy hundreds of thousands of jobs with his ultra-high inflation.
These disgusting people have severe narcissistic disorders to be liked and to feel like they have done something useful with their lives. Half a century in Washington makes him one of the most useless, vile people to have ever trod the planet.
Will the newly elected Speaker of the House rip up Biden’s speech of lies as the previous Speaker of the House did on Feb 5, 2020? Maybe Or, will They blow up a white balloon and start bouncing it around the hall like at ball games.
U.S. layoffs surged in January as tech slashed thousands of jobs - report
Layoffs in the United States hit a more than two-year high in January as technology firms cut jobs at the second-highest pace on record to brace for a possible recession, a report showed on Thursday.
www.reuters.com
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Tracking tech layoffs: Why companies like Amazon and Meta cut jobs in 2022
More than 154,000 tech workers were laid off last year as consumer spending shifted and the Federal Reserve continued to hike interest rates.
www.usatoday.com
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Google, Meta, Amazon and other tech companies have laid off more than 104,000 employees in the last year
The tech industry has seen a string of layoffs in the face of uncertain economic conditions.
www.cnbc.com
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Illumina cuts workforce by 5% amid supply chain woes, sales slowdown
The layoffs come as the firm wrestles with flat growth and a possible forced divestiture of its GRAIL cancer-detection unit.
www.medtechdive.com
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Biden’s unemployment blunder is crushing economic supply chains
The nationwide shortage of truckers alone is so bad that one desperate Texas company is offering drivers $14,000 a week.
thehill.com