What would right wing media be saying about the Biden admin if.............

[0311]

........jobs numbers had been revised downward to this degree?

The July jobs report showed nonfarm payrolls expanded by 73,000 last month, well beneath the consensus estimate from economists polled by Dow Jones that called for a 100,000 increase to payrolls. Prior months were significantly revised down. June job growth totaled just 14,000, down from 147,000. The May count came down to 19,000 from 125,000, signaling the labor market has been weakening for a while now.
https://www.cnbc.com/2025/07/31/stock-market-today-live-updates.html

It would be saying Biden lied to hide a weakening economy.

Biden would have been raked over the coals. But because he left 47 with strong economy and he destroying it.

 

[TemplarKormac]

Exactly. No point in wasting your time on low human capital. I've pretty much stopped as well. They'll figure it out the hard way.

It's this kind of thumbing your nose at people that ticks people off. It lost the left the last election. It's not a good move politically. It pushes people further away from the point you're trying to make.

Also, this deference to authority is an intellectually lazy attempt to say "I don't have a clue either."

Gads, such arrogance and bigotry. They'd sooner do things the hard way than deal with this kind of intellectual snobbery.

 

[TemplarKormac]

They hell they don't!

Tariffs are a tax on importers, which makes the goods we buy cost more.

Do you think it is a coincidence inflation has been rising since April?



.
A Fed rate cut would make inflation worse. Econ 101.

.

Curious, how does a higher interest rate hold down inflation? Doesn't paying higher interest put stress on prices too?

 

[TemplarKormac]

You're obviously more well versed in economics than Jerome Powell.

QED that deference defense.

 

[rightwinger]

Joe Biden averaged 345,000 jobs a month while he was President

Trump is sluggish at 73,000
He lost 2.4 million jobs his first term

 

[Papageorgio]

........jobs numbers had been revised downward to this degree?

The July jobs report showed nonfarm payrolls expanded by 73,000 last month, well beneath the consensus estimate from economists polled by Dow Jones that called for a 100,000 increase to payrolls. Prior months were significantly revised down. June job growth totaled just 14,000, down from 147,000. The May count came down to 19,000 from 125,000, signaling the labor market has been weakening for a while now.
https://www.cnbc.com/2025/07/31/stock-market-today-live-updates.html

It would be saying Biden lied to hide a weakening economy.

It would be the opposite, just like the left wing media would be saying the opposite and you would ignore or defend the numbers.

Both sides are the same with their propaganda, but you really don’t care.

 

[TemplarKormac]

Trump is sluggish at 73,000

I have a better reason for that 73000 figure.

All the illegal labor is fleeing the country. Now we're left with a work averse population that won't go out and look for work.

 

[Clipper]

Those job numbers are welcomed by Trump, it shows/proves that the Fed is too late cutting rates.

There's too much uncertainty in the economy right now for the Fed to cut rates thanks to that demented lunatic in the W.H. & his deranged tariff proposals.

This is the result of you Trump cult bedwetters putting that pile of shit back in office.

 

[g5000]

Curious, how does a higher interest rate hold down inflation? Doesn't paying higher interest put stress on prices too?

Ask Paul Volker. Ask any central banker anywhere how they got high inflation under control.

The very reason we had high inflation under Biden is because the Fed acted too late to raise rates. They thought the post-pandemic inflation was transitory and waited.

The inflation turned out not to be transitory and it ran away from them.

That is precisely why the Fed is holding tight right now. Inflation has been rising since April.

It takes a periof of time for Fed rates to have an impact, and waiting to long to raise rates can be devastating.

Raising interest rates slows the economy down and allows inflation to cool.

When Paul Volker raised interest rates to get the 18 percent inflation rate down, it caused a recession. But that was necessary.

Once inflation was under control, the Reagan economy took off.

This is why we should never let politicians get their hands on the money-printing machine. They will print money like there's no tomorrow, inflation be damned.

 

[g5000]

Those job numbers are welcomed by Trump, it shows/proves that the Fed is too late cutting rates.

Nope.

It shows Trump's far left tariffs are damaging the economy just as I told you it would.

Trump is, and always has been, a far left liberal idiot.

.

 

[berg80]

But arrogant ignorance? No thanks. I'm done trying to communicate with that here.

That leaves the number of right wingers on this board worthy of communicating with to one that can be counted on one hand. Which is why I have around 70 of them on ignore.

 

[g5000]

When an importer's costs are going up because of tariffs, he has to make cuts elsewhere.

And the biggest expense of any employer is labor costs.

This was blazingly foreseeable.

Trump bleevs tariffs are a tax on other countries and he has his cult bleeving it, too.

Now that these effects are happening, it is no wonder they bleev it is some other cause.

Pathetic ignorance.

.

 

[Papageorgio]

There's too much uncertainty in the economy right now for the Fed to cut rates thanks to that demented lunatic in the W.H. & his deranged tariff proposals.

This is the result of you Trump cult bedwetters putting that pile of shit back in office.

Is that why Trump has better approval ratings than the Democrats?

 

[kyzr]

Nope.
It shows Trump's far left tariffs are damaging the economy just as I told you it would.
Trump is, and always has been, a far left liberal idiot.

Biden's bloated budgets had $2T deficits
Trump cut $1.5T off those and now had a $27b surplus in June
You democrats are the big spend and borrow types.

https://www.cnbc.com/2025/07/11/treasury-posts-unexpected-surplus-in-june-as-tariff-receipts-surge.html

 

[TemplarKormac]

Ask Paul Volker. Ask any central banker anywhere how they got high inflation under control.

That's great. But I asked you. Please, humor me, if you're willing.

 

[Mac1958]

That leaves the number of right wingers on this board worthy of communicating with to one that can be counted on one hand. Which is why I have around 70 of them on ignore.

It's much easier and more interesting in real life. Here it's just posing and talk radio cosplaying.

 

[berg80]

Curious, how does a higher interest rate hold down inflation? Doesn't paying higher interest put stress on prices too?

The simple answer is it suppresses economic activity by making borrowed money more expensive and thus less accessible. Capital investment is more expensive, debt payments are higher, people pay more to take out personal loans, same with business loans, mortgage rates are higher, etc.

 

[TemplarKormac]

The simple answer is it suppresses economic activity by making borrowed money more expensive and thus less accessible. Capital investment is more expensive, debt payments are higher, people pay more to take out personal loans, mortgage rates are higher, etc.

And why are we attempting to suppress economic activity in an economy you and others see as being damaged by Trump's policies?

Genuine question. It seems to defy basic macroeconomic precepts keeping rates higher, especially after the July numbers came out. You don't want to stress the economy further, correct?

 

[Clipper]

No, you and Powell are that stupid. Look where the neutral rate is, and look where the Fed is, dumbass.

The neutral rate for federal funds is estimated to be around 2.5% to 3.5% as of recent evaluations, indicating a level that neither stimulates nor contracts the economy. However, the effective federal funds rate currently sits between 5.25% and 5.5%, which is above this neutral range, suggesting a contractionary stance.

The tariffs are ILLEGAL, & The Constitution that Trump & you MAGA travellers don't give a shit about says so. The issue is in litigation & felon47 Trump is likely to get his ass handed back to him by that Court. Which means that he'll ask his MAGA asskissers on SCOTUS to rule on this. That may take months which leads to uncertainty which affects business decisions & Wall St.

Again. This is what happens when a demented jerkoff like Trump aka Individual I.Q. 1 makes decisions about a subject that he knows nothing about. But keep on bleeeevin!

 

[Clipper]

Is that why Trump has better approval ratings than the Democrats?

Uh, no. It means that millions of people are as stupid as a pile of concrete.