Biden’s grade on the economy rises to A-

[Blisterfinger]

LOL

Faun: Dumbfuck, your article is dated August, 2023. There were no lockdowns at that point and the pandemic was already over.​

​

Blisterfinger: You didn't even know when the pandemic began or ended.​

​

​

---

​

Faun: Trump: 40,339/month; Biden: 17,551/month​

​

Blisterfinger: You didn't know that more people died under Biden than Trump.​

​

​

---

​

Faun: you're the only inbred on the forum​

​

Blisterfinger: You are truly a product of inbreeding.​

​

​

---

​

Faun: You don't have a single functioning brain cell in your brain-dead head​

​

Blisterfinger: Damn you are ​

LOL

Faun: Dumbfuck, your article is dated August, 2023. There were no lockdowns at that point and the pandemic was already over.​

​

Blisterfinger: You didn't even know when the pandemic began or ended.​

​

​

---

LOL

Faun: Dumbfuck, your article is dated August, 2023. There were no lockdowns at that point and the pandemic was already over.​

​

Blisterfinger: You didn't even know when the pandemic began or ended.​

​

​

---

​

Faun: Trump: 40,339/month; Biden: 17,551/month​

​

Blisterfinger: You didn't know that more people died under Biden than Trump.​

​

​

---

​

Faun: you're the only inbred on the forum​

​

Blisterfinger: You are truly a product of inbreeding.​

​

​

---

​

Faun: You don't have a single functioning brain cell in your brain-dead head​

​

Blisterfinger: Damn you are STUPID.​

​

Spoiler

​

​

​

Faun: Trump: 40,339/month; Biden: 17,551/month​

​

Blisterfinger: You didn't know that more people died under Biden than Trump.​

​

​

---

​

Faun: you're the only inbred on the forum​

​

Blisterfinger: You are truly a product of inbreeding.​

​

​

---

​

Faun: You don't have a single functioning brain cell in your brain-dead head​

​

​

,

LOL

Faun: Dumbfuck, your article is dated August, 2023. There were no lockdowns at that point and the pandemic was already over.​

​

Blisterfinger: You didn't even know when the pandemic began or ended.​

​

​

---

​

Faun: Trump: 40,339/month; Biden: 17,551/month​

​

Blisterfinger: You didn't know that more people died under Biden than Trump.​

​

​

---

​

Faun: you're the only inbred on the forum​

​

Blisterfinger: You are truly a product of inbreeding.​

​

​

---

​

Faun: You don't have a single functioning brain cell in your brain-dead head​

​

Blisterfinger: Damn you are STUPID.​

​

Spoiler

​

​

Everyone in this forum thinks you are stupid! LOL
, You didn't even know when the pandemic began or ended. You didn't know that more people died under Biden than Trump. You are truly a product of inbreeding. Damn you are STUPID.

 

[Ringo]

 

[Faun]

Everyone in this forum thinks you are stupid! LOL
, You didn't even know when the pandemic began or ended. You didn't know that more people died under Biden than Trump. You are truly a product of inbreeding. Damn you are STUPID.

LOL

More stuttering from you.

Faun: Dumbfuck, your article is dated August, 2023. There were no lockdowns at that point and the pandemic was already over.

Blisterfinger: You didn't even know when the pandemic began or ended.

---

Faun: Trump: 40,339/month; Biden: 17,551/month

Blisterfinger: You didn't know that more people died under Biden than Trump.

---

Faun: you're the only inbred on the forum

Blisterfinger: You are truly a product of inbreeding.

---

Faun: You don't have a single functioning brain cell in your brain-dead head

Blisterfinger: Damn you are STUPID.

Spoiler

​

 

[Synthaholic]

 

[Faun]

Good news for America is bad news for conservatives.

 

[Synthaholic]

 

[Blisterfinger]

American Households Struggle Under Intense Financial Strain

Kamala’s joyful campaign won't ease the pain

tippinsights.com

 

[Blisterfinger]

CEOs Scale Back Hiring Plans Amid Weaker Sales Projections, Cooling Economy CEOs Scale Back Hiring Plans Amid Weaker Sales Projections, Cooling Economy

 

[Synthaholic]

 

[the watcher]

It's easy to get an "A" when you are the media's pet. Supplemental Poverty Measure on the Rise

 

[Synthaholic]

It's easy to get an "A" when you are the media's pet. Supplemental Poverty Measure on the Rise

Media doesn't set GDP, dumbfuck.

 

[Ringo]

 

[Captain Caveman]

The actual economy grade -

 

[Dr.Know]

20 Million of Bidens "GUESTS" are driving RENTS THROUGH THE ROOF as landlords throw residents out to the streets and charge "Illegals" 250$ per COT in a house with 20 cots.
Go Joe Yayyyyyyyyy

BTW, The Hyperinflation on that chart STARTS WITH THE END OF GOLD BACKING THE DOLLAR ! Thats when Bretton Woods agreement ended.

 

[sealybobo]

She's been veep for over 3 years. What has she accomplished?

Last week we learned that yearly inflation, as measured by the Consumer Price Index, was 2.5 percent, close to its pre-pandemic rates. While this result is largely in line with where economists expected inflation to be by now, most believed it would take a significant increase in unemployment and slowdown of growth to get there. But that was far from the reality of the outcomes. This widespread forecasting error is not simply an academic debate; it means millions of workers and their families have not had to experience the pain of unemployment and recession in order to get inflation back down. THIS IS HUGE!!!

The fact that inflation’s round trip has so far occurred without the accompaniment of negative outcomes is one of the most important developments of the current expansion. Moreover, this outcome was not a forgone conclusion: it is, in part, the result of policy choices by the Biden-Harris Administration to shore up American households’ balance sheets, encourage investment in our economy, resolve supply chain disruptions, and support the independence of the Federal Reserve as they fought to keep inflation expectations firmly anchored and inflation in check.

Inflation Forecasts Were Right; Unemployment and Growth Defied Expectations​

Inflation picked up in the recovery from the pandemic-induced recession, as strong demand collided with weak supply amidst the snarling of supply chains and unexpected food and energy price shocks caused by Russia’s invasion of Ukraine. The consensus during this period among a wide range of experts was that it would take a period of substantially elevated unemployment and tepid growth to bring inflation back under control. We hardly felt the pain!!!

In keeping with President Biden’s commitment to full employment, rather than sacrificing gains in employment by dis-inflating “on the backs of working people,” the U.S. economy achieved rapid and broad-based disinflation during a period of historically low unemployment – with the lowest unemployment rate of any Administration in 50 years – and strong, above-trend growth. Rather than accepting a sharp increase in unemployment as the necessary solution to contain inflation, the Biden-Harris Administration acted swiftly, working with the private sector to unsnarl supply chains and address commodity price spikes, including by creating the Supply Chain Disruptions Task Force, legislating shipping-rate reforms, and activating the Strategic Petroleum Reserve. All the while, the Administration recognized the independence of the Federal Reserve, whose autonomy is crucial to long-term price stability. This commitment to disinflation without soaring unemployment helped to keep millions of Americans in their jobs over the past two years.

As Figure 2 shows, unemployment in the second quarter of 2024 is around 1 percentage point below the CBO’s projection and the Blue Chip Consensus Forecast, and below even the average of the 10 most optimistic Blue Chip forecasters. Moreover, unemployment has remained below these projections for the entire forecast horizon.

​

This period of falling inflation without a significant rise in unemployment translated to gains in real wages and incomes that were felt by American workers. In the final quarter of 2023, actual real disposable personal income per capita was about $1,100 higher than would have been consistent with the Blue Chip Consensus Forecast. These gains have kept consumer spending strong and supported real GDP growth. Along with employment and incomes, real GDP growth defied expectations.

Conclusion​

Yogi Berra famously said, “It’s tough to make predictions, especially about the future.” We agree, and forecasting is especially challenging in the context of unusually large and global shocks. In that regard, our point here is not to impugn forecasters but to highlight how, during this rapid disinflationary period, the U.S. economy has maintained its strength. By maintaining a commitment to reducing inflation without accepting large increases in unemployment as a given, families and businesses avoided the persistent scarring effects of unemployment and recession. Furthermore, the combination of falling inflation amidst low unemployment creates a powerful dynamic in which real wages and incomes are growing, and more workers are able to reap these rewards. These outcomes are crucially important for families’ economic well-being. As economic scholars, including ourselves, continue to absorb the lessons of this consequential economic period, this one stands out so far as particularly positive.

 

[westwall]

Last week we learned that yearly inflation, as measured by the Consumer Price Index, was 2.5 percent, close to its pre-pandemic rates. While this result is largely in line with where economists expected inflation to be by now, most believed it would take a significant increase in unemployment and slowdown of growth to get there. But that was far from the reality of the outcomes. This widespread forecasting error is not simply an academic debate; it means millions of workers and their families have not had to experience the pain of unemployment and recession in order to get inflation back down. THIS IS HUGE!!!

The fact that inflation’s round trip has so far occurred without the accompaniment of negative outcomes is one of the most important developments of the current expansion. Moreover, this outcome was not a forgone conclusion: it is, in part, the result of policy choices by the Biden-Harris Administration to shore up American households’ balance sheets, encourage investment in our economy, resolve supply chain disruptions, and support the independence of the Federal Reserve as they fought to keep inflation expectations firmly anchored and inflation in check.

Inflation Forecasts Were Right; Unemployment and Growth Defied Expectations​

Inflation picked up in the recovery from the pandemic-induced recession, as strong demand collided with weak supply amidst the snarling of supply chains and unexpected food and energy price shocks caused by Russia’s invasion of Ukraine. The consensus during this period among a wide range of experts was that it would take a period of substantially elevated unemployment and tepid growth to bring inflation back under control. We hardly felt the pain!!!

In keeping with President Biden’s commitment to full employment, rather than sacrificing gains in employment by dis-inflating “on the backs of working people,” the U.S. economy achieved rapid and broad-based disinflation during a period of historically low unemployment – with the lowest unemployment rate of any Administration in 50 years – and strong, above-trend growth. Rather than accepting a sharp increase in unemployment as the necessary solution to contain inflation, the Biden-Harris Administration acted swiftly, working with the private sector to unsnarl supply chains and address commodity price spikes, including by creating the Supply Chain Disruptions Task Force, legislating shipping-rate reforms, and activating the Strategic Petroleum Reserve. All the while, the Administration recognized the independence of the Federal Reserve, whose autonomy is crucial to long-term price stability. This commitment to disinflation without soaring unemployment helped to keep millions of Americans in their jobs over the past two years.

As Figure 2 shows, unemployment in the second quarter of 2024 is around 1 percentage point below the CBO’s projection and the Blue Chip Consensus Forecast, and below even the average of the 10 most optimistic Blue Chip forecasters. Moreover, unemployment has remained below these projections for the entire forecast horizon.

​

This period of falling inflation without a significant rise in unemployment translated to gains in real wages and incomes that were felt by American workers. In the final quarter of 2023, actual real disposable personal income per capita was about $1,100 higher than would have been consistent with the Blue Chip Consensus Forecast. These gains have kept consumer spending strong and supported real GDP growth. Along with employment and incomes, real GDP growth defied expectations.

Conclusion​

Yogi Berra famously said, “It’s tough to make predictions, especially about the future.” We agree, and forecasting is especially challenging in the context of unusually large and global shocks. In that regard, our point here is not to impugn forecasters but to highlight how, during this rapid disinflationary period, the U.S. economy has maintained its strength. By maintaining a commitment to reducing inflation without accepting large increases in unemployment as a given, families and businesses avoided the persistent scarring effects of unemployment and recession. Furthermore, the combination of falling inflation amidst low unemployment creates a powerful dynamic in which real wages and incomes are growing, and more workers are able to reap these rewards. These outcomes are crucially important for families’ economic well-being. As economic scholars, including ourselves, continue to absorb the lessons of this consequential economic period, this one stands out so far as particularly positive.

So, she hasn't done anything but hurt the pocket book of average Americans.

 

[sealybobo]

So, she hasn't done anything but hurt the pocket book of average Americans.

The economy is great!!!! The jobs numbers??? Unemployment almost at zero. Anyone who wants to work can find work.

DUDE, how about this very soft landing from the solution to fix inflation? It was going to DRIVE UP the unemployment number. It hasn't, and won't. How about the recession Republicans keep insisting is coming? It's not.

Unless Trump wins. Then unemployment will rise, inflation will increase and a recession will for sure come.

 

[sealybobo]

So, she hasn't done anything but hurt the pocket book of average Americans.

Things are fine.

“Companies are facing a variety of pressures, from rising operational costs to concerns about a potential economic slowdown, leading them to make tough decisions about workforce management.”

The report comes with concerns rising that the labor market is weakening even though the U.S. economy has seen growth of 1.4 million in nonfarm payrolls this year. Payrolls processing firm ADP reported Wednesday that private companies added just 99,000 workers in August, the smallest gain since January 2021.

Markets expect a softening jobs picture to prod the Federal Reserve into lowering interest rates later this month even with inflation running higher than the central bank’s 2% target.

To be sure, the Challenger layoffs data is somewhat out of sync with government reports, which show that initial claims for unemployment benefits have been slightly elevated in recent weeks but not reflective of a major escalation. For the week ended Aug. 31, jobless claims totaled 227,000, a slight decrease from the previous period.




Thursday’s report showed the biggest growth in planned layoffs came in the technology field, with companies announcing 41,829 cuts, the most in 20 months.

“The labor market overall is softening,” Challenger said.

Companies announcing job cuts most often cited cost-cutting and economic conditions as the reasons, though artificial intelligence also was listed for the first time since April.

 

[sealybobo]

So, she hasn't done anything but hurt the pocket book of average Americans.

What has Biden done you ungrateful ****?

Republican districts are awash in climate investment​

In states including Georgia, Arizona and Texas, House Republicans are seeing a deluge of cash and jobs flowing into their districts as companies use clean energy tax credits to construct factories to build EVs and their batteries, and as massive wind, solar, hydrogen and sustainable aviation fuel projects come online.

In Georgia’s 11th district, Rep. Barry Loudermilk has touted the construction of a massive EV battery factory by Hyundai and SK Battery America, which is projected to create more than 3,500 jobs. The factory comprises nearly 70% of the $7.4 billion that has flowed into his district.

More than three quarters of announced clean energy investments are in Republican districts​

The biggest winners of Biden’s green climate policies? Republicans.​

https://www.cnn.com/2024/06/16/climate/clean-energy-investment-republicans/index.html

 

[Synthaholic]