Bidenomics At Work

[Doctor Phibes]

We're still having a hard time finding people to interview. We had a technician position open, and had one applicant, who we reached out to in the first place.

[Jolly]

@Doctor-Phibes said in Bidenomics At Work:

We're still having a hard time finding people to interview. We had a technician position open, and had one applicant, who we reached out to in the first place.

Is that because the regional economy is booming?

[Doctor Phibes]

@Jolly said in Bidenomics At Work:

@Doctor-Phibes said in Bidenomics At Work:

We're still having a hard time finding people to interview. We had a technician position open, and had one applicant, who we reached out to in the first place.

Is that because the regional economy is booming?

If I'm honest, I don't really know why it's like this. Economic reports don't imply that we're booming here, but actual hiring actual people is tough. I spoke to the guy working in the cafeteria, and they can't get staff for love nor money.

[Jolly]

Wage problems?

[Mik]

$13? Wow. $7 for 10 lbs at Kroger here. $9 at Walmart.

[Jolly]

@Mik said in Bidenomics At Work:

$13? Wow. $7 for 10 lbs at Kroger here. $9 at Walmart.

Could be shipping, I dunno. That, and I'm ignorant of how Walmart sets prices. I do know you can see some variation between stores.

[Doctor Phibes]

@Jolly said in Bidenomics At Work:

Wage problems?

They're offering 80-90K for the technician job.

[Jolly]

Well, that's a used Corolla and a studio apartment on the East Coast...

[jon-nyc]

@Jolly said in Bidenomics At Work:

Well, that's a used Corolla ...

What more could a person ask for?

[Mik]

Jon - living beneath his means - in cars, anyway.

[jon-nyc]

Inflation since the passing of the inflation reduction act.

[Copper]

Up every month

Thanks Joe

[Jolly]

Now, give me the debt figures since the IRA...

[Axtremus]

@Jolly said in Bidenomics At Work:

Now, give me the debt figures since the IRA Reagan ...

[jon-nyc]

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."

[Jolly]

@Axtremus said in Bidenomics At Work:

@Jolly said in Bidenomics At Work:

Now, give me the debt figures since the IRA Reagan ...

The goalposts are at the back of the end zone, not across the street from the parking lot.

[Aqua Letifer]

@Jolly said in Bidenomics At Work:

Well, that's a used Corolla and a studio apartment on the East Coast...

In rural Delaware maybe.

[Rich]

I dunno...inventory at all price points is crazy low, but someone in that income range should be able to get a decent little house in the $250-275k range.... at least in much of Connecticut. (of course, pre-covid these were $150-180K houses)

[George K]

@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.

[jon-nyc]

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.