The US Economy Is Beating The World But You Wouldn’t Know It From The Media

[pknopp]

The alternative you advocate for is economically catastrophic.

Yeah, yeah, yeah. It would be horrible if people couldn't afford that 3rd or 4th house. Japan has experienced deflation and they are still afloat.

 

[EyeBRollin]

Yeah, yeah, yeah. It would be horrible if people couldn't afford that 3rd or 4th house. Japan has experienced deflation and they are still afloat.

Pathetic. Deflation is terrible. No one in their right mind would take Japan’s economy over the US economy.

 

[pknopp]

Pathetic. Deflation is terrible. No one in their right mind would take Japan’s economy over the US economy.

No one would today. They will when the dollar gets replaced. Japan does not have it terribly.

 

[Indeependent]

How many of those places can afford $30 trillion in debt?

None.

 

[JoeB131]

I have seen stories on this unexpected phenomenon of people just not going back to work even when their benefits stop, and we should be examining that more carefully. That's a fascinating societal/cultural issue.

Not really.. What we need is to make those shit jobs pay a living wage, not to study it.

So a bunch of people working jobs that don't put food on the table have realized those jobs aren't worth risking their lives for. Ah, we need "more study". No we don't.

The national media could sure as hell be doing a better job of explaining the driving forces behind this inflation (exploding demand and damaged supply), but they may think that it's too complicated to fit into short news stories. Obviously the MAGA media is going to just simplistically blame Biden to support its political agenda.

Yes they are... but the bigger problem is that no one seems willing to step up to the plate and fix the problem. Short term, we need to get our logistics fixed. Long term, we need to be more self-sufficient in manufacturing. This is going to take major changes we aren't willing to make.

 

[JoeB131]

It is a cultural shift.
My son, a respiratory specialist, is making just ungodly amounts of money this year.
Why? Because of contracts hospitals are FORCED to make in order to get their lazy staff to work more.
Here is one of his contracts... it ran from Oct. 1 - Dec. 1. You sign the contract and you agree to working 2 weekend shifts for those two months. (Total of 4 extra days) You agree to work both Halloween and Thanksgiving day. (now 6 extra days) And finally, you agree to work 3 extra shifts for both October and November for a grand total of 12 extra days of work.

You mean- gasp - that someone who works as respiratory specialist is making more money during a pandemic that effects respiratory issues?

Now, on a more serious note- the real problem we are seeing has been just below the surface for some time.

From 2010 to 2020, we watched the Unemployment Rate drop from over 10% to 3.2%, until Covid hit and it blipped up to 14% for about a month before coming back down again.

The primary driver here has been that the first Baby Boomers (Born in 1946) were starting to retire in 2011 and have been doing so at a steady pace, faster than Gen-X or Gen -Z or whatever to replace them in the workforce. Combine that with a culture that openly discourages new immigrants, and you have what you have.

Good for workers, who can demand more money for skilled trades. Bad for employers who know that all they need to do is drop a resume in the mail and they are out of here.

Solutions- Employers need to invest more in employees. We do have a vast untapped potential of workers who the economy has left behind.

 

[iamwhatiseem]

You mean- gasp - that someone who works as respiratory specialist is making more money during a pandemic that effects respiratory issues?

Now, on a more serious note- the real problem we are seeing has been just below the surface for some time.

From 2010 to 2020, we watched the Unemployment Rate drop from over 10% to 3.2%, until Covid hit and it blipped up to 14% for about a month before coming back down again.

The primary driver here has been that the first Baby Boomers (Born in 1946) were starting to retire in 2011 and have been doing so at a steady pace, faster than Gen-X or Gen -Z or whatever to replace them in the workforce. Combine that with a culture that openly discourages new immigrants, and you have what you have.

Good for workers, who can demand more money for skilled trades. Bad for employers who know that all they need to do is drop a resume in the mail and they are out of here.

Solutions- Employers need to invest more in employees. We do have a vast untapped potential of workers who the economy has left behind.

He works at a children's hospital, and they haven't allowed any Covid patients to be treated there.

 

[JoeB131]

He works at a children's hospital, and they haven't allowed any Covid patients to be treated there.

But as you said, they had to raise benefits to keep people, probably because the hospitals that are focused on Covid Patients are offering so much more.

The problem is that when Corporate America got rid of "employees" in favor of "Human Resources" then human resources became like any other commodity- subject to supply and demand.

Now, I've talked about this before, but the one conversation that permanently cured me of Republican stupidity was when a manager boasted that "he didn't have to deal with a union". Well, when you take away any consideration for loyalty or seniority, then we all become the sum of our resumes... there's actually an advantage to job hopping and changing jobs every couple of years doesn't look as bad as it used to.

 

[iamwhatiseem]

But as you said, they had to raise benefits to keep people, probably because the hospitals that are focused on Covid Patients are offering so much more.

The problem is that when Corporate America got rid of "employees" in favor of "Human Resources" then human resources became like any other commodity- subject to supply and demand.

Now, I've talked about this before, but the one conversation that permanently cured me of Republican stupidity was when a manager boasted that "he didn't have to deal with a union". Well, when you take away any consideration for loyalty or seniority, then we all become the sum of our resumes... there's actually an advantage to job hopping and changing jobs every couple of years doesn't look as bad as it used to.

What part of losing so many workers who took EARLY retirements and workers VOLUNTEERING to go PRN do you not understand?
Let me know.. if there is something you can't wrap your brain around

 

[JoeB131]

What part of losing so many workers who took EARLY retirements and workers VOLUNTEERING to go PRN do you not understand?
Let me know.. if there is something you can't wrap your brain around

Completely irrelevent to the point I made, but never mind.

Just pretend that the increased demand for certain skills has had no effect on the job market.

 

[iamwhatiseem]

Completely irrelevent to the point I made, but never mind.

Just pretend that the increased demand for certain skills has had no effect on the job market.

Dude, as usual you are deflecting the point by attempting to inject a narrative that isn't there.
Point blank... as I said... they had 17 RTs take an early retirement in 2020 when this all began.
And another 19 VOLUNTARILY went part-time. That is over a 1/3 of their entire respiratory team.
WTF does that have to do with "increased demand"?
What a tool

 

[JoeB131]

Dude, as usual you are deflecting the point by attempting to inject a narrative that isn't there.
Point blank... as I said... they had 17 RTs take an early retirement in 2020 when this all began.
And another 19 VOLUNTARILY went part-time. That is over a 1/3 of their entire respiratory team.
WTF does that have to do with "increased demand"?
What a tool

When they took "Early Retirement", where do you think they went? They probably went to go work somewhere else. Same thing with the Part Timers... they have second jobs somewhere else.

I do a lot of resumes for nurses, PRN, medical technologists, etc. Most of them have multiple gigs..

 

[jbrownson0831]

The U.S. economy is expanding at a 7% rate over the last three months, up by 5% from the beginning of the year. That number isn’t just three times the expected growth rate in Europe, it almost doubles the rate of growth in China.


Rolling into the holiday season, America is enjoyingrecord low levels of unemployment and levels of economic growth that exceed the wildest unfulfilled promises of Donald Trump. But at the same time, CNN reports that President Biden’s approval levels for handling the economy are at record lows. The best economy in 50 years enjoys just a 44% approval rating.

Because a disaster-addicted media will find disaster, even if it has to create it.

The U.S. economy is beating the world, thanks to Joe Biden, but you wouldn't know it from the media

The U.S. economy is expanding at a 7% rate over the last three months, up by 5% from the beginning of the year. That number isn’t just three times the expected growth rate in Europe, it almost doubles the rate of growth in China. As reported in The...

m.dailykos.com

Best economy in 50 years, and in the winter during a pandemic. What will it be like next year?

Hahahahahahaha Libber skews whining about the media hahahahahahaha

 

[justoffal]

The U.S. economy is expanding at a 7% rate over the last three months, up by 5% from the beginning of the year. That number isn’t just three times the expected growth rate in Europe, it almost doubles the rate of growth in China.


Rolling into the holiday season, America is enjoyingrecord low levels of unemployment and levels of economic growth that exceed the wildest unfulfilled promises of Donald Trump. But at the same time, CNN reports that President Biden’s approval levels for handling the economy are at record lows. The best economy in 50 years enjoys just a 44% approval rating.

Because a disaster-addicted media will find disaster, even if it has to create it.

The U.S. economy is beating the world, thanks to Joe Biden, but you wouldn't know it from the media

The U.S. economy is expanding at a 7% rate over the last three months, up by 5% from the beginning of the year. That number isn’t just three times the expected growth rate in Europe, it almost doubles the rate of growth in China. As reported in The...

m.dailykos.com

Best economy in 50 years, and in the winter during a pandemic. What will it be like next year?

Bullshit. Another moron who doesn't understand how inflationary pressures skew the numbers even with a moniker that would suggest otherwise.
The Typical American household (non investor class) has fallen under extreme financial pressure with record debt mounting and collections activities at all time highs. The crushing burden of student loan debt has driven many a young couple in their mid-30s and below to move back in with their parents. New housing starts have gone down to just about nothing and real estate is skyrocketing at previously unheralded exponential curves.

A Typical two-bedroom apartment suffers from the median burden of nearly $1,000 a month being asked of people who make less than $30,000 a year. The price of all groceries has gone up more than 12% in the past 12 months. The spending power of the dollar has been diminished by a full third. Economic numbers that are being gleaned from the inflated currency values are meaningless and people know it when they go to the market or try to fill up their tank with gasoline. You are the worst kind of liar. The question is why do you lie?

 

[Nostra]

The U.S. economy is expanding at a 7% rate over the last three months, up by 5% from the beginning of the year. That number isn’t just three times the expected growth rate in Europe, it almost doubles the rate of growth in China.


Rolling into the holiday season, America is enjoyingrecord low levels of unemployment and levels of economic growth that exceed the wildest unfulfilled promises of Donald Trump. But at the same time, CNN reports that President Biden’s approval levels for handling the economy are at record lows. The best economy in 50 years enjoys just a 44% approval rating.

Because a disaster-addicted media will find disaster, even if it has to create it.

The U.S. economy is beating the world, thanks to Joe Biden, but you wouldn't know it from the media

The U.S. economy is expanding at a 7% rate over the last three months, up by 5% from the beginning of the year. That number isn’t just three times the expected growth rate in Europe, it almost doubles the rate of growth in China. As reported in The...

m.dailykos.com

Best economy in 50 years, and in the winter during a pandemic. What will it be like next year?

The last two quarters under Trump the GDP rose over an avg of 17%.

 

[justoffal]

The last two quarters under Trump the GDP rose over an avg of 17%.

Yes....without the runaway fiat inflation. The Current....so called official numbers are a smokescreen driven by a devaluing currency base. How do we know? That's easy. What did you pay for a pound of steak 2 years ago? What are you paying now? No need for a PhD in economics to see this one. Indeed most of the country sees it.

 

[iamwhatiseem]

BULLSHIT!!!!
The price of Hot Dogs is about the same, therefore... the economy is GREAT!!!

 

[jbrownson0831]

BULLSHIT!!!!
The price of Hot Dogs is about the same, therefore... the economy is GREAT!!!

Depends all-day-panty stock along with that of Poopeypants favorite Gerber Baby Food has skyrocketed...another plus!

 

[Brain357]

Sure looks like more money in the hands of regular people beats tax cuts to the wealthy to get an economy moving.

 

[excalibur]

The last two quarters under Trump the GDP rose over an avg of 17%.

The 3rd and 4th quarters of 2020 and the 1st quarter of 2021, and Trump left doddering Joe a great economy.

Other than massive spending bills everything Biden has done has harmed that economy he was left. And no one can point to anything Biden has done to grow the economy other than spending like a drunken sailor. And that will end badly.