Black Unemployment Is Surging Again. This Time Is Different.

What's all this "we" shit? YOU don't speak for anyone but yourself. That said, no fabricated "group" avoids physical work due to skin color. That's just stupid.
Lots of white people do. In fact I think whites have a worse attitude towards physical work than blacks. Asians wouldn't be caught dead with a hammer in their hands. No one understands physical work like Latinos.
 
You are white. And you are wrong. Whites commit the most crime and that's a major problem in this country. It's such a problem that whites put a convicted criminal in the White House. Millions of low-IQ, uneducated whites will be aced out by AI, and that's going to increase crime. As these low IQ, ignorant whites get aced out by the new techngy they will blame blacks and other people of color for their personal failure, just like they have done since the beginning of this country. That will create an increase in crime, particularly in hate crimes by white losers against non-white people.
:D
You're like a human 'Speak N' Spell'
Wrong. I find braailian to be an honest man. We don't agree on everything, but he generally speaks the truth, no matter how it lands. I respect that. You should try it sometimes because the crap you post ain't it.
Now looky here!

You will speak when spoken to!


200.webp
 
Lots of white people do. In fact I think whites have a worse attitude towards physical work than blacks. Asians wouldn't be caught dead with a hammer in their hands. No one understands physical work like Latinos.
Now THAT ^^^ was a stupid post. Get out of the house once in a while.
 
I am correct. The black's place in the employment hierarchy (for the vast majority) will be menial labor, service sector, and limited industrial capacities (basic equipment operation, assembly line, delivery).
As we move into greater levels of automation and AI-generated services, the black will continue to be phased further out of the economy.
This is VERY unfortunate as the black will progressively become the sick man of the West. Lacking the intellect to tackle higher capacity and elite level employment, yet outsourced by AI on the lower end.
I predict black crime will continue to climb as black incarceration rates reach new highs. Sub-Saharan reliance on social welfare will skyrocket in unison with uncontrolled, subsidized single-parent breeding. Low-IQ negresses will push out fatherless eggplants with reckless abandon, driving populations higher.

Not a pretty picture for America.
Many low-level jobs will still remain despite AI. I know, I have one of those jobs. We have trucks with grapples that pick up and dump trash and recyclables into the truck, but someone has to take those carts out to the curb. That be me. :up:
 
Many low-level jobs will still remain despite AI. I know, I have one of those jobs. We have trucks with grapples that pick up and dump trash and recyclables into the truck, but someone has to take those carts out to the curb. That be me. :up:
There is NO shame in that. I hope you are proud. You earn an honest living. I will tell you this. After I retired the first time, I was dead set on a job that would simply fill in the pay gap.
No people management, no BS meetings for hours, no business travel.
I achieved that. Not being a 'people' manager is pure Heaven. I have remained in the same tax bracket while avoiding any direct human management. I manage millions in assets daily, but my people exposure is limited.

IM2 is just an uppity negro who deserves to be put in his place on a daily :dev3:
 
The recession ended in June 2009, but Obama's recovery was so weak the Fed more than doubled their balance sheet.



32 months into Trump's term and assets shrunk by over 15%.

Trump printed more money than Obama

Darn China virus!

Trump added ~$8 trillion to the national debt in one term

Because of a huge hit to GDP due to the China virus.

Biden added ~$8.5 trillion to the national debt in one term, with no recession.

What was his excuse?

Trump years: rates cut during economic growth, not contraction

How many cuts? How much? Why?

Obama years: rates remained below 0.25% for 7 years during economic growth, not contraction

Obama used QE and near-zero rates to pull the economy out of a financial collapse, ending his term with the Fed balance sheet at ~$4.5T.

Trump inherited a fully recovered economy yet ran i while unemployment was near 3.5%.
Trump pressured the Fed into three rate cuts in 2019 totaling 75 bps, despite ongoing economic growth.

When crisis hit, the Fed balance sheet exploded from ~$4.2T to ~$7.4T in one year, the largest money-printing event in U.S. history.

Trump added ~$8T to the national debt, only part of which was pandemic-related.

Stimulus during a crash is responsible policy—stimulus during a boom is reckless, and that’s the difference.
 
You are white. And you are wrong. Whites commit the most crime and that's a major problem in this country. It's such a problem that whites put a convicted criminal in the White House. Millions of low-IQ, uneducated whites will be aced out by AI, and that's going to increase crime. As these low IQ, ignorant whites get aced out by the new techngy they will blame blacks and other people of color for their personal failure, just like they have done since the beginning of this country. That will create an increase in crime, particularly in hate crimes by white losers against non-white people.

If blacks were better at math, they'd make more money.
 
Obama used QE and near-zero rates to pull the economy out of a financial collapse, ending his term with the Fed balance sheet at ~$4.5T.

Trump inherited a fully recovered economy yet ran i while unemployment was near 3.5%.
Trump pressured the Fed into three rate cuts in 2019 totaling 75 bps, despite ongoing economic growth.

When crisis hit, the Fed balance sheet exploded from ~$4.2T to ~$7.4T in one year, the largest money-printing event in U.S. history.

Trump added ~$8T to the national debt, only part of which was pandemic-related.

Stimulus during a crash is responsible policy—stimulus during a boom is reckless, and that’s the difference.

Trump pressured the Fed into three rate cuts in 2019 totaling 75 bps, despite ongoing economic growth.

Is that the reason the Fed gave when they cut rates? Or did they give a different one?

When crisis hit, the Fed balance sheet exploded from ~$4.2T to ~$7.4T in one year, the largest money-printing event in U.S. history.

Absolutely.

Trump added ~$8T to the national debt, only part of which was pandemic-related.

With a huge recession and job losses.

Biden added $8.5 trillion with no recession and millions of returning jobs.

What was Biden's excuse?

stimulus during a boom is reckless, and that’s the difference.

I agree, Biden was very reckless. Thank goodness Mancin stopped even more reckless Biden spending.
 
Trump pressured the Fed into three rate cuts in 2019 totaling 75 bps, despite ongoing economic growth.

Is that the reason the Fed gave when they cut rates? Or did they give a different one?

When crisis hit, the Fed balance sheet exploded from ~$4.2T to ~$7.4T in one year, the largest money-printing event in U.S. history.

Absolutely.

Trump added ~$8T to the national debt, only part of which was pandemic-related.

With a huge recession and job losses.

Biden added $8.5 trillion with no recession and millions of returning jobs.

What was Biden's excuse?

stimulus during a boom is reckless, and that’s the difference.

I agree, Biden was very reckless. Thank goodness Mancin stopped even more reckless Biden spending.
Trump added Trillions to the national debt PRE PANDEMIC and LOWERED RATES while you jokers said we were in the best economy ever. You haven’t addressed that. Biden inherited a terrible economy from Trump.
 
Trump added Trillions to the national debt PRE PANDEMIC and LOWERED RATES while you jokers said we were in the best economy ever. You haven’t addressed that. Biden inherited a terrible economy from Trump.

Trump added Trillions to the national debt PRE PANDEMIC

Biden added even more, post pandemic. While you jokers said we were in the best economy ever.

Biden inherited a terrible economy from Trump.

Obviously. You can see it here......

1766198690094.webp



I mean, what could be worse than +34.9% real GDP growth in Q3 2020?
And +4.6% in Q4 2020 and then +5.7% in Q1 2021?

DURR

And that's why Biden had to add $8.5 trillion to the debt. Fucktard.
 
15th post
“Joblessness for Black workers is rising again, two years after reaching a record low. It’s a troubling indicator: Joblessness often spikes higher for historically marginalized groups during economic downturns, and takes longer to fall.

This time, the Trump administration’s assault on diversity programs and cuts to the federal work force could make it even more difficult for Black workers to recover when conditions improve.

The African American unemployment rate has surged over the past four months, from 6 to 7.5 percent, while the rate for white people ticked down slightly to 3.7 percent. On top of a slowing economy, the White House’s actions have disproportionately harmed Black workers, economists said.”


Trump supporters will of course lie about this being ‘fake news.’

It’s not.

Trump’s assault on diversity programs is having the desired outcome.
For this country to become efficient and successful there will be some pain caused as we extricate ourselves from the affirmative action failure of past administrations. It is a fact that unqualified and underqualified individuals have been placed throughout the workforce ESPECIALLY in the public sector.
 
What was it when Biden left office
Biden didnt bring it down and the prices it drove up were and are still high. The damage was done. Prices dont drop when inflation drops inventories have to turn over. You cant look at Bidens inflation in one month. He had 4 years to wreck the economy and it will take Trump 2 years to bring it back.
 

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