schmidlap
Platinum Member
- Oct 30, 2020
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Well, maybe not, but leading a nation whose economy is flourishing sure beats being mired in multiple indictments for attempts to sabotage democracy and compromise national security, doesn't it?
Sure, the nation's economy could collapse and the sexual abuser pull out of his legal death spiral before November, 2024, but we can only be sure of now, and now is auspicious
Sure, the nation's economy could collapse and the sexual abuser pull out of his legal death spiral before November, 2024, but we can only be sure of now, and now is auspicious
Strong labor market growth is pushing aside recession fears
... The June jobs report, to be released Friday, will provide a fresh view of the state of the labor market and is predicted to show the 30th continuous month of vigorous job gains, with economists forecasting 225,000 jobs created.
“Businesses that were very worried about the possibility of a downturn and sitting on the sidelines are feeling more confident now that the U.S. could actually avoid a [recession],” said Julia Pollak, chief economist at ZipRecruiter. “The labor market actually is remarkably resilient.”...
As long as Americans remain employed, they’ve been able to keep spending, even in the face of persistent inflation.
Bloomberg Economics, which last fall forecast a 100 percent chance of a recession by October, now says the country will “narrowly dodge” a downturn this year. Major banks including Goldman Sachs and Barclay’s are watering down recession predictions, in large part because of the job market’s resilience.
“As long as the economy continues to produce more than 200,000 jobs a month, this economy is not going to slip into recession,” Joe Brusuelas, chief economist at RSM, wrote in a research note.
[MSN]
The president’s investment agenda is already generating a huge economic impact.
Will political benefits follow?
When President Joe Biden visits South Carolina to tout a new solar-energy-manufacturing facility today, he will underscore a striking pattern: Some of the biggest winners from his economic agenda have been Republican-leaning places whose political leaders have consistently opposed his initiatives.
Centered on a trio of bills Biden signed in his first two years, the president’s economic program has triggered what could become the most concentrated burst of public and private investment since the 1960s. The twin bills Biden signed in 2022 to promote more domestic production of clean energy and semiconductors have already helped generate about $500 billion in private investment in new factories and expansion of existing plants, according to the administration’s tally. Simultaneously, the federal government is spending billions more repairing roads, bridges, and other facilities through some 32,000 projects already funded by the bipartisan infrastructure bill approved in 2021. Companies are spending twice as much on constructing new manufacturing facilities as they were as recently as two years ago, a recent Treasury Department analysis found.
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