Bidenomics At Work
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Sometimes, quit reading the Dem mouthpieces like the NYT and the Compost, and go directly to sources. Trump said the other day, what scares him the most about winning the Presidency, was the possibility of the Biden economy collapsing into a really bad recession during his first year in office.
Now, that's paraphrased from memory, but I think Trump is on to something. The bogus job numbers, the bogus inflation numbers, the mountain of debt that's both individual and owed by the nation...The piper will have to be paid sometime. Right now, the MSM is carrying water for the Dems and not giving people the true picture of where the economy is at. And where it may be headed...
Always remember, Operation Valkyrie was an act of sedition.
Warning: I post things that interest me. Read and comment at your own discretion. -
@Jolly said in Bidenomics At Work:
Trump said the other day, what scares him the most about winning the Presidency, was the possibility of the Biden economy collapsing into a really bad recession during his first year in office.
Just so I understand:
The good economic situation during the first part of President Trumps term is due to President Biden
The high inflation, economic situation, etc. during the beginning of President Biden's term is due to President Trump.
I am beating the horse, but if you are going to claim all the good things (rightly or wrongly) that happen during your president term, then you have to claim all the bad things (rightly or wrongly) that also happen during your president term.
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@Jolly said in Bidenomics At Work:
Trump said the other day, what scares him the most about winning the Presidency, was the possibility of the Biden economy collapsing into a really bad recession during his first year in office.
Basically, he is already saying that if the economy is bad during his term if he wins, it is because of President Biden. Is my understanding incorrect?
President Trump is re-elected and If for whatever reason, the economy is bad, do you actually think he would take responsibility for it?
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https://www.usatoday.com/story/money/2024/03/08/february-jobs-report/72883297007/
Jobs report: Economy added stronger-than-expected 275,000 jobs in February (2024)
39 months of consecutive job growth!
Unemployment rate ticked up to 3.9%
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@Axtremus said in Bidenomics At Work:
https://www.usatoday.com/story/money/2024/03/08/february-jobs-report/72883297007/
Jobs report: Economy added stronger-than-expected 275,000 jobs in February (2024)
39 months of consecutive job growth!
Unemployment rate ticked up to 3.9%
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I get new brakes every 40k-50K (pads and rotors). Last set was November of 2022. $640. Getting a new set right now. $965.
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"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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@George-K said in Bidenomics At Work:
As I mentioned in another thread, my condominium insurance went up over 30% from last year.
Those greedy fucking grocery stores!
Me/rry/Christmas
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@LuFins-Dad said in Bidenomics At Work:
Those greedy fucking grocery stores!
And the condo got smaller! Shrinkflation, Goddammit!
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The point is, @Axtremus , the administration can put out whatever dubious jobs numbers they want and revise them 3 months later. That doesn't change the fact that the guy that has been laid off and is now working part-time and just had to get new brakes for $300 more and just saw his insurance go up 30% isn't going to be feeling great about the economy right now.
Me/rry/Christmas
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@LuFins-Dad , the BLS has been using the same methodology to assess employment statistics and the same methodology to revise the statistics for a very long time. The BLS employment statistics you see from the current administration is no more or less misleading that those from the previous administration or the one before that.
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Revisions have always been a monthly occurrence. However, those revisions have always been ~ 5%, and were revised upwards as well as downward. Since Biden’s administration began, the revisions are typically ~20%, as much as 30%, and are almost always revised downwards. It’s a joke.
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@Axtremus said in Bidenomics At Work:
https://www.usatoday.com/story/money/2024/03/08/february-jobs-report/72883297007/
Jobs report: Economy added stronger-than-expected 275,000 jobs in February (2024)
39 months of consecutive job growth!
Unemployment rate ticked up to 3.9%
Damn, that's a lot of part-time jobs!
Always remember, Operation Valkyrie was an act of sedition.
Warning: I post things that interest me. Read and comment at your own discretion. -
@Jolly said in Bidenomics At Work:
@Axtremus said in Bidenomics At Work:
https://www.usatoday.com/story/money/2024/03/08/february-jobs-report/72883297007/
Jobs report: Economy added stronger-than-expected 275,000 jobs in February (2024)
39 months of consecutive job growth!
Unemployment rate ticked up to 3.9%
Damn, that's a lot of part-time jobs!
That used to be full time…
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@jon-nyc said in Bidenomics At Work:
There have been 7 downward revisions and 1 upward revisions through August.
In 2022 there were 7 upward revisions and 5 down.
In 2021 there were 11 upward revisions and 1 downwards.
So the majority of months since his inauguration the BLS underestimated the sheer awesomeness of Bidenomics.
@LuFins-Dad FYI
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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.
And record production continues. Gosh darn President Biden!!!!
https://energynow.com/2024/03/u-s-leads-global-oil-production-for-sixth-straight-year-eia/
U.S. crude oil production lead global oil production for a sixth straight year, with a record breaking average production of 12.9 million barrels per day (bpd), the Energy Information Administration (EIA) said in a release on Monday.
In December, U.S. crude oil production hit a new monthly record high of over 13.3 million bpd, the agency said.
“The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row,” the EIA added.
The EIA says it is unlikely that the record will be broken by another country in the near term.
