15 Aug 23
@averagejoe1 saidWhat a dumb question. This quote is straight outta the mainstream media right Joe? An RNC talking point? You love those.
The fella, who fakes a bounce in his walk today, as he steps off plane in Milwaukee (copies it from Obama), is there to tout his economic success. Avg household is down $709 (Moodys Analytics) a month. A Month...
So anyway, how is everyone faring thru the Biden economics?
Please don't rely on politicians to make your life better or worse, or blame them for your problems.
I'm better off than I was in 2019 and it has absolutely nothing to do with Biden.
@averagejoe1 saidSo anyway, how is everyone faring thru the Biden economics?
The fella, who fakes a bounce in his walk today, as he steps off plane in Milwaukee (copies it from Obama), is there to tout his economic success. Avg household is down $709 (Moodys Analytics) a month. A Month...
So anyway, how is everyone faring thru the Biden economics?
Fantastic! Business is growing, inflation is slowing, and the recession that was long predicted by the Wall Street pundits has never materialized, please read excerpt below from Forbes. (I know you have problems with links, so I provided this information to you in baby food form)
Where’s the imminent recession we were promised a year ago?
Nowhere apparently, but hardly anyone has admitted they were wrong. And that includes Wall Street gurus.
Last June, the finance world was abuzz with pledges that the U.S. economy was barely a hare’s whisker from diving into a recession. Back then, I wrote a column for Time magazine that clearly showed no signs of an imminent recession.
The latest U.S. government data shows the economy grew 1.5% in the first quarter, down from 2.6% in the three months through December 31. Meanwhile, the services sector, which includes banking, advertising, and other important industries, is still expanding. “The S&P Global U.S. Services PMI increased to 55.1 in May 2023,” according to Trading Economics. Readings above 50 mean the sector is growing, and that’s particularly important as services account for almost four-fifths of the overall economy.
Unemployment remains historically ultra-low. Inflation hit a recent low of 4.9% in April, down from 9.1% last June, new data show. And the unemployment rate hit 3.4% in April, which is lower than the 3.6% we saw last June. Unemployment hasn’t been lower than 3.4% in the last decade, Department of Labor data show.
New claims for unemployment insurance remain relatively low this year, not exceeding 250,000 a week. That’s up slightly from last year but still reasonably modest by historical standards.
Sorry to rain on your little parade Joe, but I'm doing just fine and so is America's economy! 😆
https://www.forbes.com/sites/simonconstable/2023/05/28/still-no-recession-wall-street-gurus-should-be-ashamed/?sh=79b493927a32
15 Aug 23
@averagejoe1 saidYes.
The fella, who fakes a bounce in his walk today, as he steps off plane in Milwaukee (copies it from Obama), is there to tout his economic success. Avg household is down $709 (Moodys Analytics) a month. A Month...
So anyway, how is everyone faring thru the Biden economics?
- Joined
- 05 Nov 06
- Moves
- 147484
@mchill saidIt is easy to have good numbers when you are the publisher of the numbers.
So anyway, how is everyone faring thru the Biden economics?
Fantastic! Business is growing, inflation is slowing, and the recession that was long predicted by the Wall Street pundits has never materialized, please read excerpt below from Forbes. (I know you have problems with links, so I provided this information to you in baby food form)
Where’s the imminent recess ...[text shortened]... es/simonconstable/2023/05/28/still-no-recession-wall-street-gurus-should-be-ashamed/?sh=79b493927a32
Now, to venture into the real world.
“No matter what the official data say, our survey confirms that Americans are making hard choices as they navigate an increasingly expensive economy. Some of the starkest behavior changes have to do with essentials like food, clothing and transportation.”
https://www.forbes.com/advisor/personal-finance/americans-cutting-costs-inflation/
15 Aug 23
@mott-the-hoople saidThat article is a year old.
It is easy to have good numbers when you are the publisher of the numbers.
Now, to venture into the real world.
“No matter what the official data say, our survey confirms that Americans are making hard choices as they navigate an increasingly expensive economy. Some of the starkest behavior changes have to do with essentials like food, clothing and transportation.”
https://www.forbes.com/advisor/personal-finance/americans-cutting-costs-inflation/
15 Aug 23
@averagejoe1 saidDoing okay, despite corporate greedflation, thanks.
The fella, who fakes a bounce in his walk today, as he steps off plane in Milwaukee (copies it from Obama), is there to tout his economic success. Avg household is down $709 (Moodys Analytics) a month. A Month...
So anyway, how is everyone faring thru the Biden economics?
15 Aug 23
@mott-the-hoople saidNope.
what has changed? gotten worse?
"The Labor Department reported Wednesday that the consumer prices in June were up just 3% from a year ago — the smallest annual increase since March 2021. What's more, forecasters say inflation could fall further in the months to come." https://www.npr.org/2023/07/12/1187230556/inflation-consumer-prices-interest-rates-federal-reserve-economy
"Real average hourly earnings are up 1.2% in the 12 months ended in June, the Labor Department said Wednesday following the release of the latest inflation data."
https://www.axios.com/2023/07/12/real-wage-gains-inflation
- Joined
- 05 Nov 06
- Moves
- 147484
15 Aug 23
@no1marauder saidis this govt agencies that are reporting this?
Nope.
"The Labor Department reported Wednesday that the consumer prices in June were up just 3% from a year ago — the smallest annual increase since March 2021. What's more, forecasters say inflation could fall further in the months to come." https://www.npr.org/2023/07/12/1187230556/inflation-consumer-prices-interest-rates-federal-reserve-economy
"Real average hour ...[text shortened]... release of the latest inflation data."
https://www.axios.com/2023/07/12/real-wage-gains-inflation
15 Aug 23
@mott-the-hoople saidThe same ones who have been reporting it for decades.
is this govt agencies that are reporting this?
Right wingers are completely dishonest; they'll use the same sources for economic data for Trump's years (at least before 2020) and for the not so good recovery years in 2021 and 2022 but now there's a "conspiracy".
Liars and fools.
- Joined
- 05 Nov 06
- Moves
- 147484
15 Aug 23
@no1marauder saidyou kinda act out when you get caught
The same ones who have been reporting it for decades.
Right wingers are completely dishonest; they'll use the same sources for economic data for Trump's years (at least before 2020) and for the not so good recovery years in 2021 and 2022 but now there's a "conspiracy".
Liars and fools.
15 Aug 23
@wildgrass saidI'm better off, too, but the 'you' I speak of are those in dire straits. Did you miss the $709/month? You are Biden thru and thru, he said 'No Comment' re the misery in Maui, Hawaii, and you think only that you are OK?? , quite selfish. Sickening is more like it. To pretend that there are no problems? The nation is not suffering?
What a dumb question. This quote is straight outta the mainstream media right Joe? An RNC talking point? You love those.
Please don't rely on politicians to make your life better or worse, or blame them for your problems.
I'm better off than I was in 2019 and it has absolutely nothing to do with Biden.
No need to post anymore, we get it.