"Today’s news provided more evidence that Biden’s approach to the economy—using the government to invest in ordinary Americans—is working far better than the Republicans’ approach of slashing the government to enable capitalists to organize the economy ever did.
Today the Bureau of Labor Statistics released yet another very strong jobs report showing that the U.S. economy added 336,000 jobs in September, almost twice what economists had predicted. The unemployment rate held steady at 3.8%. The biggest gains were in leisure and hospitality and in government. Average hourly wages went up 4.2% over the past 12 months; more than the inflation rate of 3.4%. The bureau also revised its employment statistics for July and August upward, showing that the employment in those months was up 199,000 more than the gains already reported.
The country’s shift away from concentrating wealth upward also showed today in positive movement toward a historic settlement between the United Auto Workers and automakers. UAW president Shawn Fain announced that General Motors has agreed to include workers at plants making batteries for electric vehicles in the UAW’s national labor agreement.
While the UAW wanted—and appears to be obtaining—higher wages, its leaders were especially concerned about what the transition to EVs would do to workers. Fain said that automakers had been planning to phase out the engine and transmission plants worked by union laborers and replace those jobs with lower-wage jobs in non-union battery plants. Until now, automakers had said it would be “impossible” to permit the battery plants to be covered by the union umbrella.
Fain called the agreement a “transformative win” and, in light of that agreement, announced that the UAW will not expand its strike into GM’s most profitable plant in Arlington, Texas. Fain said he expects that Ford and Stellantis, which includes Chrysler, Dodge, Jeep, and Ram, will agree to the same deal, and labor scholars agree. "
Heather Cox Richardson
@Phranny
Dude's where I work bitch and bitch about anything Biden does, like they bitch about inflation but don't know the among the G20 countries, the US has the lowest inflation rate, now under 4% while UK has more like 10% but that just flies by those dudes when I point that out. They point to the high price of gas not even knowing the Saudi's have cut supplies to the US because Biden dared to call out that putrid prince charming about the murder of Jamal Khashoggi. To say nothing of the major fire at an American refinery, yep ALL Biden's fault. They could care less about the work being done to roads and bridges or the billions being spent to make chip manufacturing back to the US or the fact he got the price of Insulin needed by diabetics, like my wife, in fact, down to 35 bucks, no matter, those were all DEM bills and therefore poison, forgetting about the fact Trump TRIED to do an infrastructure bill and could not even though he owned the house and senate, and now they want him to be squeaker of the house! AND still run for POTUS despite 91 charges SO FAR against him, now the latest we find out is talking to some Aussie billionaire about top secret data about our nuclear subs, like how close they can come to Russian subs without being detected.
To me, that goes right to traitor territory. If WE said anything like that, in possession of TS docs, how long would it take for US to be in prison, but Trump, he considers himself above the law.
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@sonhouse saidand you are 80 + yrs old and still having to work in this robust economy? 😂
@Phranny
Dude's where I work bitch and bitch about anything Biden does, like they bitch about inflation but don't know the among the G20 countries, the US has the lowest inflation rate, now under 4% while UK has more like 10% but that just flies by those dudes when I point that out. They point to the high price of gas not even knowing the Saudi's have cut supplies to the US ...[text shortened]... docs, how long would it take for US to be in prison, but Trump, he considers himself above the law.
you just cant fix stupid
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@phranny saidthe majority of Americans have grown wise to this administrations lies
"Today’s news provided more evidence that Biden’s approach to the economy—using the government to invest in ordinary Americans—is working far better than the Republicans’ approach of slashing the government to enable capitalists to organize the economy ever did.
Today the Bureau of Labor Statistics released yet another very strong jobs report showing that the U.S. economy ...[text shortened]... ge, Jeep, and Ram, will agree to the same deal, and labor scholars agree. "
Heather Cox Richardson
https://thehill.com/homenews/administration/4191672-58-percent-in-new-poll-say-bidens-policies-making-economy-worse/
@sonhouse saidAnother diatribe, good buddy. This is a debate forum, not a speech at the park on a soapbox. Your buddy Marx did that. But, all due respects, it did get him somewhere……getting other people’s stuff.
@Phranny
Dude's where I work bitch and bitch about anything Biden does, like they bitch about inflation but don't know the among the G20 countries, the US has the lowest inflation rate, now under 4% while UK has more like 10% but that just flies by those dudes when I point that out. They point to the high price of gas not even knowing the Saudi's have cut supplies to the US ...[text shortened]... docs, how long would it take for US to be in prison, but Trump, he considers himself above the law.
Problem is, the ‘other people’ were somewhat put-upon.
@sonhouse saidI have digested your comments, and given the alternatives like mafioso Joe, I have decided to get my staff and wetbacks to vote for Trump.
@Phranny
Dude's where I work bitch and bitch about anything Biden does, like they bitch about inflation but don't know the among the G20 countries, the US has the lowest inflation rate, now under 4% while UK has more like 10% but that just flies by those dudes when I point that out. They point to the high price of gas not even knowing the Saudi's have cut supplies to the US ...[text shortened]... docs, how long would it take for US to be in prison, but Trump, he considers himself above the law.
@phranny saidCrime is up. Credit card debt is up. Stores are literally closing because shoplifting is so bad. You are fooling yourself.
"Today’s news provided more evidence that Biden’s approach to the economy—using the government to invest in ordinary Americans—is working far better than the Republicans’ approach of slashing the government to enable capitalists to organize the economy ever did.
Today the Bureau of Labor Statistics released yet another very strong jobs report showing that the U.S. economy ...[text shortened]... ge, Jeep, and Ram, will agree to the same deal, and labor scholars agree. "
Heather Cox Richardson
@mott-the-hoople saidThe majority of voters blame whomever is in the White House for all events, especially negative ones, even if the current administration is not responsible or hasn't the power to cause the problem or solve it. The price of gas and eggs hits everyone on a daily basis regardless of your demographics. If you are not directly affected by the positive effects of
the majority of Americans have grown wise to this administrations lies
https://thehill.com/homenews/administration/4191672-58-percent-in-new-poll-say-bidens-policies-making-economy-worse/
Biden's programs, you probably do not care that they are helping the nation. This is especially true today as too many citizens and too many in Congress have lost any real sense of patriotism. It's all about their personal power and wealth. I do think giving government money during the pandemic to everyone, regardless of their economic need, helped stimulate inflation. Yes, the rich have gotten richer due to tax laws but their extra dollars are not spent in ways that stimulate the economy as there are far fewer of them. Buying a huge fancy yacht, even several, does not cause a ripple in the economy. Unemployment is low. Wages are up. Competition in key areas has decreased significantly ie Internet access, beef, poultry. These three factors are causing inflation. Obviously the lack of competition in key areas must be addressed. Or do you prefer increasing unemployment and reducing wages so people cannot afford to stimulate the economy?
When the Federal Reserve increases interest rates, it's like reducing wages. It makes it difficult for working people to buy homes or cars. Rents rise making it harder to save for a house.
Please try to look at the bigger picture. Economics is a complex social science. It is far easier to nail down the truth in the hard sciences.
@metal-brain saidThose are important issues and they must be dealt with. I do not believe the answer is to shoot shoplifters. We need to find the root causes and work on solving those. I believe the lack of collaboration across the political aisle, growing anti democratic sentiments, racism, zenophobia, misogyny and homophobia are rampant and reflected in Congress and state legislatures. Our educational system is being torn apart just when we most need one that is strong on teaching the Constitution, our history and STEM subjects. A deeply disturbing fascist wave is sweeping the country. Racism has caused a deep fear that the majority of citizens in the U.S. will soon be non-white. Unfortunately, this fear has been embraced by the powerful far right wing of the GOP.
Crime is up. Credit card debt is up. Stores are literally closing because shoplifting is so bad. You are fooling yourself.
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@jj-adams saidI do like The Hill. However, the Heartland Institute is ... "an American conservative and libertarian public policy think tank known for its rejection of both the scientific consensus on climate change and the negative health impacts of smoking.[2]" https://en.wikipedia.org/wiki/Heartland_Institute
Bidenomics is working because Joe Biden says so?
No, it's not:
https://thehill.com/opinion/finance/4149424-bidenomics-has-failed-both-as-a-policy-and-as-a-slogan/
Founded in 1984, it worked with tobacco company Philip Morris throughout the 1990s to attempt to discredit the health risks of secondhand smoke and lobby against smoking bans.[3]: 233–234 [4] Since the 2000s, the Heartland Institute has been a leading promoter of climate change denial.[5][6]
@Mott-The-Hoople
Ah yes, you know all about my situation, how did you get that? Like the reason I am working? I gather you have retired and now living on the government dole, who is the stupid one then?
@JJ-Adams
Explain why the inflation rate is the lowest in the developed G20 countries then if Biden is such a failure? I guess you don't like ANYTHING a dem does BECAUSE he is a dem, if Trump actually had been interested in doing any of that and had succeeded in exactly the same bills passed you would be dancing in the streets on just how great a POTUS Trump would have been.
Instead, he could not even get an infrastructure bill passed even though he owned the house and senate.
Besides that, I guess you figure he is a financial genius even though he couldn't even keep a CASINO in the black and now it is clear he is a tax fraud, a loan fraud and not even a billionaire like he likes to shout. He thinks for instance, Mar A Lago is worth near two BILLION dollars when his own company puts it at around 20 MILLION.
And that is what he presents to banks when he looks for loans.
I guess as long as it is Trump, there is no limit to what illegal actions he does because he is TRUMP and therefore above the law.
He even lied about the square footage of his own apartment, calling it something like 30,000 square feet, close to a full acre which is about 45,000 square feet but in reality it is about 10,000 square feet.
Is lying like that ok in a POTUS?
@phranny saidOf all the things you can see on the internet it is illegal for the guy that sells cigars in NZ to send a picture of a cigar in an email. He has a walk in humidor, it is illegal to allow customers to walk in to it. Tobacco outlets in NZ are going to be cut by the force of the state from 6000 to 600 meaning the end of untold small family business shops who rely on tobacco products to keep scrapping along, especially a blow for small towns when the local dairy (NZ term for a small general store) closes. As tax on tobacco rose so did smash and grabs at $40 plus per pack the black market thrives.
I do like The Hill. However, the Heartland Institute is ... "an American conservative and libertarian public policy think tank known for its rejection of both the scientific consensus on climate change and the negative health impacts of smoking.[2]" https://en.wikipedia.org/wiki/Heartland_Institute
Founded in 1984, it worked with tobacco company Philip Morris througho ...[text shortened]... Since the 2000s, the Heartland Institute has been a leading promoter of climate change denial.[5][6]