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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Bidenomics At Work

Bidenomics At Work

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  • JollyJ Jolly

    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...

    taiwan_girlT Offline
    taiwan_girlT Offline
    taiwan_girl
    wrote on last edited by
    #160

    @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? šŸ˜‚ šŸ˜‚ šŸ˜‚

    1 Reply Last reply
    • George KG Offline
      George KG Offline
      George K
      wrote on last edited by George K
      #161

      https://www.msn.com/en-us/money/markets/it-s-time-to-admit-the-economy-is-thriving/ar-AA1mgvHr!

      image.jpeg

      "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.

      1 Reply Last reply
      • CopperC Offline
        CopperC Offline
        Copper
        wrote on last edited by
        #162

        They misspelled Biden

        image.png

        1 Reply Last reply
        • AxtremusA Offline
          AxtremusA Offline
          Axtremus
          wrote on last edited by
          #163

          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%

          LuFins DadL JollyJ 2 Replies Last reply
          • AxtremusA Axtremus

            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%

            LuFins DadL Offline
            LuFins DadL Offline
            LuFins Dad
            wrote on last edited by
            #164

            @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%

            https://nodebb.the-new-coffee-room.club/post/267538

            The Brad

            1 Reply Last reply
            • George KG Offline
              George KG Offline
              George K
              wrote on last edited by
              #165

              https://www.zerohedge.com/economics/inside-most-ridiculous-jobs-report-recent-history-12-million-immigrant-jobs-added-one

              "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.

              1 Reply Last reply
              • LuFins DadL Offline
                LuFins DadL Offline
                LuFins Dad
                wrote on last edited by
                #166

                I get new brakes every 40k-50K (pads and rotors). Last set was November of 2022. $640. Getting a new set right now. $965.

                The Brad

                JollyJ 1 Reply Last reply
                • George KG Offline
                  George KG Offline
                  George K
                  wrote on last edited by George K
                  #167

                  As I mentioned in another thread, my condominium insurance went up over 30% from last year.

                  Screenshot 2024-03-08 at 1.29.42 PM.png

                  "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

                    As I mentioned in another thread, my condominium insurance went up over 30% from last year.

                    Screenshot 2024-03-08 at 1.29.42 PM.png

                    LuFins DadL Offline
                    LuFins DadL Offline
                    LuFins Dad
                    wrote on last edited by
                    #168

                    @George-K said in Bidenomics At Work:

                    As I mentioned in another thread, my condominium insurance went up over 30% from last year.

                    Screenshot 2024-03-08 at 1.29.42 PM.png

                    Those greedy fucking grocery stores!

                    The Brad

                    George KG 1 Reply Last reply
                    • LuFins DadL LuFins Dad

                      @George-K said in Bidenomics At Work:

                      As I mentioned in another thread, my condominium insurance went up over 30% from last year.

                      Screenshot 2024-03-08 at 1.29.42 PM.png

                      Those greedy fucking grocery stores!

                      George KG Offline
                      George KG Offline
                      George K
                      wrote on last edited by
                      #169

                      @LuFins-Dad said in Bidenomics At Work:

                      Those greedy fucking grocery stores!

                      And the condo got smaller! Shrinkflation, Goddammit!

                      "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.

                      1 Reply Last reply
                      • LuFins DadL Offline
                        LuFins DadL Offline
                        LuFins Dad
                        wrote on last edited by
                        #170

                        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.

                        The Brad

                        AxtremusA 1 Reply Last reply
                        • LuFins DadL LuFins Dad

                          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.

                          AxtremusA Offline
                          AxtremusA Offline
                          Axtremus
                          wrote on last edited by
                          #171

                          @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.

                          1 Reply Last reply
                          • LuFins DadL Offline
                            LuFins DadL Offline
                            LuFins Dad
                            wrote on last edited by
                            #172

                            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.

                            The Brad

                            1 Reply Last reply
                            • AxtremusA Axtremus

                              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%

                              JollyJ Offline
                              JollyJ Offline
                              Jolly
                              wrote on last edited by
                              #173

                              @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!

                              ā€œCry havoc and let slip the DOGE of war!ā€

                              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

                              LuFins DadL 1 Reply Last reply
                              • JollyJ Jolly

                                @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!

                                LuFins DadL Offline
                                LuFins DadL Offline
                                LuFins Dad
                                wrote on last edited by
                                #174

                                @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…

                                The Brad

                                1 Reply Last reply
                                • jon-nycJ jon-nyc

                                  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.

                                  AxtremusA Offline
                                  AxtremusA Offline
                                  Axtremus
                                  wrote on last edited by
                                  #175

                                  @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 ā˜

                                  1 Reply Last reply
                                  • jon-nycJ 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.

                                    taiwan_girlT Offline
                                    taiwan_girlT Offline
                                    taiwan_girl
                                    wrote on last edited by
                                    #176

                                    @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.

                                    ā€œThe 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,ā€ the EIA added.

                                    The EIA says it is unlikely that the record will be broken by another country in the near term.

                                    taiwan_girlT 1 Reply Last reply
                                    • George KG Offline
                                      George KG Offline
                                      George K
                                      wrote on last edited by
                                      #177

                                      https://www.nbcnews.com/business/business-news/family-dollar-closing-nearly-1000-stores-where-why-rcna143148?cid=sm_npd_nn_tw_ma&taid=65f1c688215c780001f4b6dc&utm_campaign=trueanthem&utm_medium=social&utm_source=twitter

                                      "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.

                                      1 Reply Last reply
                                      • JollyJ Offline
                                        JollyJ Offline
                                        Jolly
                                        wrote on last edited by
                                        #178

                                        BTW, since we're producing oil at an unheard of rate under The Rez, why has gas gone up 60/gallon cents in 60 days?

                                        ā€œCry havoc and let slip the DOGE of war!ā€

                                        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

                                        taiwan_girlT 1 Reply Last reply
                                        • JollyJ Jolly

                                          BTW, since we're producing oil at an unheard of rate under The Rez, why has gas gone up 60/gallon cents in 60 days?

                                          taiwan_girlT Offline
                                          taiwan_girlT Offline
                                          taiwan_girl
                                          wrote on last edited by
                                          #179

                                          @Jolly said in Bidenomics At Work:

                                          BTW, since we're producing oil at an unheard of rate under The Rez, why has gas gone up 60/gallon cents in 60 days?

                                          "Refinery utilization."

                                          One example:
                                          https://www.reuters.com/business/energy/power-loss-forces-bp-shut-biggest-us-midwest-refinery-2024-02-02/

                                          A friend of a friend was telling me what a nightmare that will be to restart that refinery. It is many many years old, and has been revamped and changed, etc. Probably never fully shut down in 50 years.

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