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It's a matter of Bidenomics!

Discussion in 'BBS Hangout: Debate & Discussion' started by adoo, Jun 28, 2023.

  1. astros123

    astros123 Member
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    These losers post lies and disinformation and brainwash the entire public about the economy. I told @Nook that the media can brainwash and convince folks something bad but he said it wasn't true



    The media nd these MAGA dipshits @Salvy @Commodore have brainwashed and lied to the public about the state of the economy.

    These MAGATs have brainwashed the public about how shitty the national economy is when the overwhelming majority of folks think their personal life is doing good.

    Were seeing the biggest brainwashing in real time and it's cuz the right lies NON STOP @Space Ghost
     
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  2. Space Ghost

    Space Ghost Member

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  3. astros123

    astros123 Member
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    Post that same chart but from the last 10 years. I know you losers can't think critically. Post the pre pandemic numbers







    More construction jobs right now than at point in modern history by we still have morons @GOATuve who thinks bidens trillions of investment isn't the reason why we have more construction than ever before.
     
    #1903 astros123, Apr 5, 2024
    Last edited: Apr 5, 2024
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  4. ROCKSS

    ROCKSS Member
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    This is only happening because mericans know trump will be in power soon ................just like the stock market records, its because of trump....................stupid libs :cool:
     
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  5. No Worries

    No Worries Member

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    'Another blockbuster month': Unemployment drops even more as wages outpace inflation

    Economic experts are happily surprised by the just-released March jobs report, which – contrary to expectations – saw unemployment has dropped further, overall employment has grown, and wages continue to outpace inflation.

    “Another blockbuster month for jobs. The US economy added 303,000 jobs in March — way above expectations. The big gains were healthcare (72k) and gov’t (71k),” The Washington Post’s Heather Long writes. “Unemployment rate: 3.8% (vs 3.9% in Feb) Wage growth: 4.1% in past year (well above 3.2% inflation).”

    Or, as CNBC’s Carl Quintanilla sums up the wages and inflation numbers: “Wage growth: 4.1% > Inflation: 3.2%”

    Today’s 3.8% unemployment rate is far below what economists consider “full employment,” often defined as unemployment at 5% or below.

    “This is truly about as close to full employment as the US has managed to get outside of wartime mobilization,” notes Ernie Tedeschi, former chief economist of the White House’s Council of Economic Advisers, responding to the jobs report. He adds, “employment and labor force participation rates are extraordinary,” and “likely ranking among the highest in US history.”

    As MSNBC’s “Morning Joe” economic analyst Steven Rattner, a former Obama White House official notes, “We’re now at 26 consecutive months of sub-4% unemployment, the longest such stretch since the late 1960s.”

    “Yet another unexpectedly strong month for job growth. For all the talk of ‘cooling,’ monthly gains have been extremely steady for more than a year,” reports The New York Times’ Ben Casselman, adding: “Blowout household survey. Labor force and employment both grew by nearly half a million. Unemployment down slightly,” he notes, but adds, “The Black unemployment rate jumped 0.8 points to 6.4%, highest since August 2022. Monthly numbers are noisy, but certainly concerning.”

    The job market is “the best it’s been in most of our lifetimes. And it’s endured even as inflation has come down significantly in the last year and a half,” observes former Biden White House National Economic Council deputy director Bharat Ramamurti.

    I think the decisions President Biden and congressional Democrats made in early 2021 deserve a lot of credit for the strong economy we have today,” he says, and points to his report at Democracy.

    Some experts had expected the unemployment rate to rise to or above 4%. On Thursday at CNN, Elisabeth Buchwald wrote: “For the past 50 years, the US unemployment rate has mostly been far above 4%, even rocketing to almost 15% during the pandemic. Yet in the turbulent period that followed lockdowns and other economic disruptions from the pandemic, it has stayed below the 4% level for more than two years.”

    “That remarkable streak could end on Friday at 8:30 a.m. ET, when the Bureau of Labor Statistics releases its March jobs report.”

    Instead, it dropped to 3.8%.

    Buchwald had quoted Michael Strain, director of economic policy studies at the American Enterprise Institute (AEI), who had called it “very foreseeable” the jobless rate could reach 4%.
     
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  6. astros123

    astros123 Member
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    Workers here are the most productive ones in the world as well...crazy to think about seeing we've added 15 million jobs in 3 years. We've added Italy entire economy (in gdp terms) in those years.

    Don't listen to the donks @Space Ghost
     
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  7. Invisible Fan

    Invisible Fan Member

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    Did you even read the actual cbo forecasts?

    Debt concerns are in plain English even for lazy illiterates with projection issues. No need to weasel and con with "Primary Deficit" as the headline.

    Like I could summarize it word for word and you'd argue the sky is pink because of that tic in your head.

    Time to replace them undies after multiple shartlets
     
  8. dmoneybangbang

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    Debt concerns are a political issue..... we aren't broke we just can't keep up the entitlements to the past while building for the future.
     
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  9. astros123

    astros123 Member
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    Sure you can... it's called raising taxes on corporations and enforce the tax code
     
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  10. Space Ghost

    Space Ghost Member

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    I suggest capping capital gains at 200k. Anyone making 250k or more pays 50% taxes
     
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  11. astros123

    astros123 Member
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    Every single person on the left would sign onto that proposal.
     
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  12. adoo

    adoo Member

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    look in the mirror




    Invisible's latest sleight-of-hand tactic to divert attention away from
    his parroting of a half-azzed article, full of disjointed piecemeal info---intentionally ignoring the recent trend
    ( since the con man was fired as POTUS ) as it relates to the CBO's debt estimates vs actual.

     
    #1912 adoo, Apr 5, 2024
    Last edited: Apr 5, 2024
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  13. Invisible Fan

    Invisible Fan Member

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    First it was Bloomberg, and now NYT is a half assed article. :D

    @adoo do send your bizarre half-**** rants to their editors and also the CBO because you read gud and often.
     
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  14. adoo

    adoo Member

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    there you go again, digressing.

    it is about the content, lack of context, of the articles you've referenced and you presenting them as gospel

    because you don't understand economics, you are easily fooled by half-azzed article that intentionally ignores economic facts

    in this most recent eg, while the author references one aspect of the CBO estimates, she conveniently ignores other aspects.

    this is reminiscent of your previous parroting of the false narrative that the Fed is wrecking its balance sheet, as if having a strong balance sheet is ultimate goal for the Fed

    i had to direct you to the charter for the Fed, with the dual mandate to achieve maximum employment and keep prices stable. there is no mentioning of balance sheet.
     
    #1914 adoo, Apr 5, 2024
    Last edited: Apr 5, 2024
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  15. Invisible Fan

    Invisible Fan Member

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    And what does the cbo report say?

    Keep digressing digging, you’re almost there

    You’ll need trump sized diapers for this

    p.s please cc us the letter to the nyt editor for proof of genius
     
  16. astros123

    astros123 Member
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    Goldman Sachs says the recent immigration wave is what is making the US economy the strongest in the world and contributed alot to GDP and reason why job growth is so robust.

    Those losers who cry about immigration @StupidMoniker @AroundTheWorld are literally donks. Capitalism needs cheap minimum wage workers and migrants provide that

    Crime is down by double digits
    Unemployment is at record lows
    GDP is world's best

    All the fear mongering stories about how immigrants are evil is really just conspiracies pushed by the right @Space Ghost @Salvy
     
    #1916 astros123, Apr 6, 2024
    Last edited: Apr 6, 2024
  17. NewRoxFan

    NewRoxFan Member

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  18. Reeko

    Reeko Member

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    no different than when corporate greed was the reason gas prices were skyrocketing a few years ago amidst the pandemic

    and people keep talking about mainstream media not doing or reporting X, Y, and Z…How about the Democrats themselves go out there and let this be known to the voting public? How about they force it to become national discourse?

    majority of the things that could help Democrats, u don’t hear from elected officials themselves, u hear it from random Twitter accounts with nowhere near the level of reach

    Dems will be quick to remind u for the millionth time about Trump’s 90+ counts or the latest nonsense from horseface Green, but when it comes to more important stuff, where they at?
     
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  19. astros123

    astros123 Member
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    Nd right wing dipshits @Commodore fill that void by spewing disinformation non stop. There's no other explanation why the overwhelming majority of folks think their personal finances are excellent while thinking the national economy is crap



    We're witnessing the biggest brainwashing experiment in real time bcz of these morons @Salvy
     
  20. Reeko

    Reeko Member

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    the narrative is also that crime is skyrocketing under Biden

    Democrats in general do nothing to combat the disinformation…they just leave it up to random accounts on Twitter
     
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