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The New Coffee Room

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  3. Bidenomics At Work

Bidenomics At Work

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  • AxtremusA Offline
    AxtremusA Offline
    Axtremus
    wrote on last edited by
    #116

    Had street food from a food truck last night. A Mediterranean style "platter" with lamb and felafel over rice with a bit of salad and a soda ran $10. Used to be $8 just before COVID, $7 around 2010.

    A certain Chinatown "dinner box" with four condiments plus one starch and one soup is now $7.50. Used to be $4.50 around 2010.

    JollyJ 1 Reply Last reply
    • AxtremusA Axtremus

      Had street food from a food truck last night. A Mediterranean style "platter" with lamb and felafel over rice with a bit of salad and a soda ran $10. Used to be $8 just before COVID, $7 around 2010.

      A certain Chinatown "dinner box" with four condiments plus one starch and one soup is now $7.50. Used to be $4.50 around 2010.

      JollyJ Offline
      JollyJ Offline
      Jolly
      wrote on last edited by
      #117

      @Axtremus said in Bidenomics At Work:

      Had street food from a food truck last night. A Mediterranean style "platter" with lamb and felafel over rice with a bit of salad and a soda ran $10. Used to be $8 just before COVID, $7 around 2010.

      A certain Chinatown "dinner box" with four condiments plus one starch and one soup is now $7.50. Used to be $4.50 around 2010.

      Probably could get the same meals for a lot less in 1965...

      “Cry havoc and let slip the DOGE of war!”

      Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

      1 Reply Last reply
      • George KG Offline
        George KG Offline
        George K
        wrote on last edited by
        #118

        From the RWEC: CBS.

        The typical American household must spend an additional $11,434 annually just to maintain the same standard of living they enjoyed in January of 2021, right before inflation soared to 40-year highs, according to a recent analysis of government data.

        Such figures underscore the financial squeeze many families continue to face even as the the rate of U.S. inflation recedes and the economy by many measures remains strong, with the jobless rate at a two-decade low. The analysis, from Republican members of the U.S. Senate Joint Economic Committee, taps government data such as the Consumer Price Index and Consumer Expenditure Survey to examine the impact of inflation state by state.

        Even so, many Americans say they aren't feeling those gains, and this fall more people reported struggling financially than they did prior to the pandemic, according to CBS News polling. Inflation is the main reason Americans express pessimism about economy despite its bright points, which also include stronger wage gains in recent years.

        To be sure, economists point to a number of pandemic-related issues as the cause of high inflation, rather than decisions from any one political party. For instance, spending bills were signed by both Presidents Donald Trump and Joe Biden that put stimulus money into the hands of millions of Americans, while global supply-chain snarls and labor shortages drove up the cost of goods and services.

        But even as inflation is now cooling rapidly, many consumers say they aren't feeling it, with a new Bankrate survey finding 60% of working Americans say their income has lagged inflation has over the past 12 months.

        "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.

        HoraceH LuFins DadL 2 Replies Last reply
        • George KG George K

          From the RWEC: CBS.

          The typical American household must spend an additional $11,434 annually just to maintain the same standard of living they enjoyed in January of 2021, right before inflation soared to 40-year highs, according to a recent analysis of government data.

          Such figures underscore the financial squeeze many families continue to face even as the the rate of U.S. inflation recedes and the economy by many measures remains strong, with the jobless rate at a two-decade low. The analysis, from Republican members of the U.S. Senate Joint Economic Committee, taps government data such as the Consumer Price Index and Consumer Expenditure Survey to examine the impact of inflation state by state.

          Even so, many Americans say they aren't feeling those gains, and this fall more people reported struggling financially than they did prior to the pandemic, according to CBS News polling. Inflation is the main reason Americans express pessimism about economy despite its bright points, which also include stronger wage gains in recent years.

          To be sure, economists point to a number of pandemic-related issues as the cause of high inflation, rather than decisions from any one political party. For instance, spending bills were signed by both Presidents Donald Trump and Joe Biden that put stimulus money into the hands of millions of Americans, while global supply-chain snarls and labor shortages drove up the cost of goods and services.

          But even as inflation is now cooling rapidly, many consumers say they aren't feeling it, with a new Bankrate survey finding 60% of working Americans say their income has lagged inflation has over the past 12 months.

          HoraceH Online
          HoraceH Online
          Horace
          wrote on last edited by
          #119

          To be sure, economists point to ... decisions from ... one political party. For instance, ... Joe Biden ... put stimulus money into the hands of millions of Americans ... and ... drove up the cost of goods and services.

          Welcome to Joe Biden's America.

          Education is extremely important.

          George KG 1 Reply Last reply
          • HoraceH Horace

            To be sure, economists point to ... decisions from ... one political party. For instance, ... Joe Biden ... put stimulus money into the hands of millions of Americans ... and ... drove up the cost of goods and services.

            Welcome to Joe Biden's America.

            George KG Offline
            George KG Offline
            George K
            wrote on last edited by
            #120

            @Horace said in Bidenomics At Work:

            To be sure, economists point to ... decisions from ... one political party. For instance, ... Joe Biden ... put stimulus money into the hands of millions of Americans ... and ... drove up the cost of goods and services.

            Welcome to Joe Biden's America.

            Interesting use of ellipses...

            "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.

            HoraceH 1 Reply Last reply
            • George KG George K

              @Horace said in Bidenomics At Work:

              To be sure, economists point to ... decisions from ... one political party. For instance, ... Joe Biden ... put stimulus money into the hands of millions of Americans ... and ... drove up the cost of goods and services.

              Welcome to Joe Biden's America.

              Interesting use of ellipses...

              HoraceH Online
              HoraceH Online
              Horace
              wrote on last edited by
              #121

              @George-K said in Bidenomics At Work:

              @Horace said in Bidenomics At Work:

              To be sure, economists point to ... decisions from ... one political party. For instance, ... Joe Biden ... put stimulus money into the hands of millions of Americans ... and ... drove up the cost of goods and services.

              Welcome to Joe Biden's America.

              Interesting use of ellipses...

              I'm studying to be a journalist.

              Education is extremely important.

              1 Reply Last reply
              • George KG George K

                From the RWEC: CBS.

                The typical American household must spend an additional $11,434 annually just to maintain the same standard of living they enjoyed in January of 2021, right before inflation soared to 40-year highs, according to a recent analysis of government data.

                Such figures underscore the financial squeeze many families continue to face even as the the rate of U.S. inflation recedes and the economy by many measures remains strong, with the jobless rate at a two-decade low. The analysis, from Republican members of the U.S. Senate Joint Economic Committee, taps government data such as the Consumer Price Index and Consumer Expenditure Survey to examine the impact of inflation state by state.

                Even so, many Americans say they aren't feeling those gains, and this fall more people reported struggling financially than they did prior to the pandemic, according to CBS News polling. Inflation is the main reason Americans express pessimism about economy despite its bright points, which also include stronger wage gains in recent years.

                To be sure, economists point to a number of pandemic-related issues as the cause of high inflation, rather than decisions from any one political party. For instance, spending bills were signed by both Presidents Donald Trump and Joe Biden that put stimulus money into the hands of millions of Americans, while global supply-chain snarls and labor shortages drove up the cost of goods and services.

                But even as inflation is now cooling rapidly, many consumers say they aren't feeling it, with a new Bankrate survey finding 60% of working Americans say their income has lagged inflation has over the past 12 months.

                LuFins DadL Offline
                LuFins DadL Offline
                LuFins Dad
                wrote on last edited by
                #122
                This post is deleted!
                1 Reply Last reply
                • RainmanR Offline
                  RainmanR Offline
                  Rainman
                  wrote on last edited by
                  #123

                  Isn't an ellipse when the sun goes away?
                  Yes. Veeely interesting.

                  HoraceH 1 Reply Last reply
                  • RainmanR Rainman

                    Isn't an ellipse when the sun goes away?
                    Yes. Veeely interesting.

                    HoraceH Online
                    HoraceH Online
                    Horace
                    wrote on last edited by
                    #124

                    @Rainman said in Bidenomics At Work:

                    the sun goes away

                    welcome to Joe Biden's America.

                    Education is extremely important.

                    1 Reply Last reply
                    • LuFins DadL Offline
                      LuFins DadL Offline
                      LuFins Dad
                      wrote on last edited by
                      #125

                      Trump shares his fair share of the blame, but the article ignores that the bills were written and passed by Democrat controlled Congresses.

                      1 Reply Last reply
                      • AxtremusA Offline
                        AxtremusA Offline
                        Axtremus
                        wrote on last edited by
                        #126

                        https://www.bls.gov/news.release/empsit.nr0.htm
                        https://wapo.st/4aNHOCg
                        https://www.washingtonpost.com/business/2024/01/05/december-jobs-unemployment/

                        Economy added 216,000 jobs in December, capping off a year’s worth of solid gains

                        The unemployment rate held at 3.7 percent.
                        .
                        As of December, the labor market added 2.7 million jobs in 2023, with an average monthly gain of 225,000 jobs. The unemployment rate has now remained below 4 percent for more than two years, a stretch last accomplished in the 1960s. Average hourly wage growth accelerated slightly in December, rising by 4.1 percent over the previous 12 months to $34.27 an hour and continuing to beat inflation, boosting workers’ spending power.

                        Bidenomics is working well.

                        1 Reply Last reply
                        • JollyJ Offline
                          JollyJ Offline
                          Jolly
                          wrote on last edited by
                          #127
                          1. We always add seasonal jobs this time of year.
                          2. Take government jobs out of the figures and get back to me.

                          “Cry havoc and let slip the DOGE of war!”

                          Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                          AxtremusA 1 Reply Last reply
                          • JollyJ Jolly
                            1. We always add seasonal jobs this time of year.
                            2. Take government jobs out of the figures and get back to me.
                            AxtremusA Offline
                            AxtremusA Offline
                            Axtremus
                            wrote on last edited by
                            #128

                            @Jolly said in Bidenomics At Work:

                            1. We always add seasonal jobs this time of year.

                            The article gives you not only December figures, but also figures for the whole of 2023.

                            1. Take government jobs out of the figures and get back to me.

                            If you think that will make a meaningful difference, you show the work and explain why the difference is meaningful.

                            LuFins DadL 1 Reply Last reply
                            • LuFins DadL Offline
                              LuFins DadL Offline
                              LuFins Dad
                              wrote on last edited by
                              #129

                              Yay… Foreclosures are up 34%.

                              1 Reply Last reply
                              • JollyJ Offline
                                JollyJ Offline
                                Jolly
                                wrote on last edited by
                                #130

                                You can put lipstick on a pig, but it's still a pig.

                                “Cry havoc and let slip the DOGE of war!”

                                Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                                1 Reply Last reply
                                • LuFins DadL Offline
                                  LuFins DadL Offline
                                  LuFins Dad
                                  wrote on last edited by
                                  #131

                                  All these wonderful new jobs, yet the massive layoffs last year are still affecting employee moral and confidence…

                                  https://www.cnbc.com/2024/01/03/2023-layoffs-will-continue-to-affect-workers-in-2024-report-says.html

                                  1 Reply Last reply
                                  • AxtremusA Axtremus

                                    @Jolly said in Bidenomics At Work:

                                    1. We always add seasonal jobs this time of year.

                                    The article gives you not only December figures, but also figures for the whole of 2023.

                                    1. Take government jobs out of the figures and get back to me.

                                    If you think that will make a meaningful difference, you show the work and explain why the difference is meaningful.

                                    LuFins DadL Offline
                                    LuFins DadL Offline
                                    LuFins Dad
                                    wrote on last edited by
                                    #132

                                    @Axtremus said in Bidenomics At Work:

                                    @Jolly said in Bidenomics At Work:

                                    1. We always add seasonal jobs this time of year.

                                    The article gives you not only December figures, but also figures for the whole of 2023.

                                    1. Take government jobs out of the figures and get back to me.

                                    If you think that will make a meaningful difference, you show the work and explain why the difference is meaningful.

                                    Did you actually read and comprehend the article you linked? 52K. 25% of the new jobs. They averaged 56K new jobs per month over the year, or 672K over the year.

                                    1 Reply Last reply
                                    • LuFins DadL Offline
                                      LuFins DadL Offline
                                      LuFins Dad
                                      wrote on last edited by
                                      #133

                                      By the way, did you notice they also revised October numbers again? They’ve dropped it over 35% over the past two months.

                                      George KG 1 Reply Last reply
                                      • LuFins DadL LuFins Dad

                                        By the way, did you notice they also revised October numbers again? They’ve dropped it over 35% over the past two months.

                                        George KG Offline
                                        George KG Offline
                                        George K
                                        wrote on last edited by
                                        #134

                                        @LuFins-Dad said in Bidenomics At Work:

                                        By the way, did you notice they also revised October numbers again? They’ve dropped it over 35% over the past two months.

                                        They tend to do that, dont'cha know.

                                        "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.

                                        LuFins DadL 1 Reply Last reply
                                        • George KG George K

                                          @LuFins-Dad said in Bidenomics At Work:

                                          By the way, did you notice they also revised October numbers again? They’ve dropped it over 35% over the past two months.

                                          They tend to do that, dont'cha know.

                                          LuFins DadL Offline
                                          LuFins DadL Offline
                                          LuFins Dad
                                          wrote on last edited by LuFins Dad
                                          #135

                                          @George-K said in Bidenomics At Work:

                                          @LuFins-Dad said in Bidenomics At Work:

                                          By the way, did you notice they also revised October numbers again? They’ve dropped it over 35% over the past two months.

                                          They tend to do that, dont'cha know.

                                          Tale as old as time, but not 35% over 60 days... That’s a more recent story…

                                          1 Reply Last reply
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