Bidenomics At Work
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Always remember, Operation Valkyrie was an act of sedition.
Warning: I post things that interest me. Read and comment at your own discretion. -
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GOLDMAN SACHS: "The CHIPS Act and Inflation Reduction Act are boosting US manufacturing construction substantially. New incentives have boosted spending on manufacturing-related construction and should boost manufacturing equipment investment and employment soon too."
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@Axtremus said in Bidenomics At Work:
@Jolly said in Bidenomics At Work:
Now, give me the debt figures since
the IRAReagan ...The goalposts are at the back of the end zone, not across the street from the parking lot.
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@Jolly said in Bidenomics At Work:
Well, that's a used Corolla and a studio apartment on the East Coast...
In rural Delaware maybe.
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@Rich said in Bidenomics At Work:
a decent little house in the $250-275k range
Three years ago, a conventional (30 year) 80% mortgage on that house would have cost you about $1137 a month.
Today, the same loan is $1746. More than $7,000 a year more.
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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We’re setting oil production records under Biden.
U.S. oil production is forecast to average an all-time high of 12.8 million barrels a day this year and keep growing to 13.1 million in 2024, the federal Energy Information Administration said in its latest forecast. That’s up from the most recent trough of 5 million barrels a day in 2008, and probably enough to help the U.S. to keep its title as the No. 1 global crude oil producer.
But what about federal lands?
In fact, though, oil production from federal lands and waters has risen on Biden’s watch, reaching past 3 million barrels per day last year. The high mark during President Donald Trump’s term was 2.75 million barrels a day.
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@jon-nyc said in Bidenomics At Work:
We’re setting oil production records under Biden.
U.S. oil production is forecast to average an all-time high of 12.8 million barrels a day this year and keep growing to 13.1 million in 2024, the federal Energy Information Administration said in its latest forecast. That’s up from the most recent trough of 5 million barrels a day in 2008, and probably enough to help the U.S. to keep its title as the No. 1 global crude oil producer.
But what about federal lands?
In fact, though, oil production from federal lands and waters has risen on Biden’s watch, reaching past 3 million barrels per day last year. The high mark during President Donald Trump’s term was 2.75 million barrels a day.
At that rate, how long will it take to replenish the SPR?
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What would be reasons to take oil out of the strategic reserve? Not exactly sure why people were upset when oil was taken out a couple of years ago.
Appears that the US govt made money on it. (Of course I am sure they had no idea of exactly where oil prices would go, so kind of risky if they were just doing it for money)
"On March 31, 2022, President Joe Biden announced that his administration would release 1 million barrels of oil per day from the reserve for the next 180 days, selling it at an average price of $96 per barrel. After oil prices declined during the second half of the year, in December the administration announced it would begin replenishing the SPR in early 2023, expecting to purchase oil at a lower price than it was sold, a process that would take months or years to complete."
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https://www.washingtonpost.com/business/2023/10/06/september-jobs-report-unemployment/
Economy adds 336,000 jobs in September, in a stunning gain
The unemployment rate held at 3.8%
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The average hourly wage rose in September by 4.2 percent over the previous 12 months to $33.88 an hour, a sharper annual increase than inflation, which climbed to 3.7 percent in August. -
Most troubling was the decline in the index measuring future expectations, which tumbled to 73.7 in September from 83.3 in August. Readings below 80 for future expectations historically signal a recession within a year.
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