On Fri, 8 Mar 2024 10:37:38 -0800, Siri Cruise says...
'The unemployment rate was 6.4 percent in January 2021, down from 14.8
percent in April 2020. While elevated compared with recent levels and
the Trump era, that is not particularly high by historical measures.
When Barack Obama was re-elected in 2012, the unemployment rate was 7.7
percent.'
Politicians are looking for ways to increase unemployment.
Competition for employees is raising wages are is feared will
cause inflation.
Yeah... THAT's the ONLY reason Biden gave us double-digit inflation.
Forget the closing of pipelines and all the other messes Joe Biden caused.
"If the Biden stimulus had been responsible for the jobs boom, though, you would expect America's labour market to be stronger than those of its peers. BUT IN CANADA, FRANCE, GERMANY AND ITALY WORKING-AGE EMPLOYMENT RATES SURPASSED
PRE-PANDEMIC HIGHS BY THE END OF 2021; Japan followed in 2022. Among the g7 group of economies America has beaten to a full recovery only Brexit-blighted Britain, where the employment rate is still lower than it was at the end of 2019."
"Mr Biden's stimulus did, however, put a rocket under inflation. In April "core" consumer prices, which exclude energy and food, were 13.4% higher than when he came to office. They have risen more than in other g7 countries, and their acceleration coincided with the introduction of Mr Biden's stimulus. Research suggests that, even by September 2022, the largesse was pushing up core inflation by about four percentage points."
"It was Mr Biden who lit the inflationary touch-paper-and whose signature policies are probably still boosting prices. It is now clear that the Inflation
Reduction Act, which was supposed to cool the economy by shrinking deficits, will in fact widen them, owing to the higher-than-forecast take-up of its clean-energy tax credits."
Politifact: Joe Biden's spending "has sent prices skyrocketing." - True - Biden's American Rescue Plan fueled inflation. Inflation in March was 8.5%, a 40-year high. The $1.9 trillion American Rescue Plan fuel about half or less of
the increase, analysts say."
Vox: Biden's American Rescue Plan Worsened Inflation
NBC: As Democrats point to strong economy, consumers see inflation
There's plenty of good economic news: Unemployment is low. The stock market is
up. But INFLATION HAS RISEN EVERY MONTH SINCE BIDEN TOOK OFFICE.
I thought you nerds knew how to do this?
On Fri, 8 Mar 2024 10:37:38 -0800, Siri Cruise says...
'The unemployment rate was 6.4 percent in January 2021, down from 14.8
percent in April 2020. While elevated compared with recent levels and
the Trump era, that is not particularly high by historical measures.
When Barack Obama was re-elected in 2012, the unemployment rate was 7.7
percent.'
Politicians are looking for ways to increase unemployment.
Competition for employees is raising wages are is feared will
cause inflation.
Yeah... THAT's the ONLY reason Biden gave us double-digit inflation.
Forget the closing of pipelines and all the other messes Joe Biden caused.
"If the Biden stimulus had been responsible for the jobs boom, though, you would expect America's labour market to be stronger than those of its peers. BUT IN CANADA, FRANCE, GERMANY AND ITALY WORKING-AGE EMPLOYMENT RATES SURPASSED
PRE-PANDEMIC HIGHS BY THE END OF 2021; Japan followed in 2022. Among the g7 group of economies America has beaten to a full recovery only Brexit-blighted Britain, where the employment rate is still lower than it was at the end of 2019."
"Mr Biden's stimulus did, however, put a rocket under inflation. In April "core" consumer prices, which exclude energy and food, were 13.4% higher than when he came to office. They have risen more than in other g7 countries, and their acceleration coincided with the introduction of Mr Biden's stimulus. Research suggests that, even by September 2022, the largesse was pushing up core inflation by about four percentage points."
"It was Mr Biden who lit the inflationary touch-paper-and whose signature policies are probably still boosting prices. It is now clear that the Inflation
Reduction Act, which was supposed to cool the economy by shrinking deficits, will in fact widen them, owing to the higher-than-forecast take-up of its clean-energy tax credits."
Politifact: Joe Biden's spending "has sent prices skyrocketing." - True - Biden's American Rescue Plan fueled inflation. Inflation in March was 8.5%, a 40-year high. The $1.9 trillion American Rescue Plan fuel about half or less of
the increase, analysts say."
Vox: Biden's American Rescue Plan Worsened Inflation
NBC: As Democrats point to strong economy, consumers see inflation
There's plenty of good economic news: Unemployment is low. The stock market is
up. But INFLATION HAS RISEN EVERY MONTH SINCE BIDEN TOOK OFFICE.
I thought you nerds knew how to do this?
On 2024-03-08, AlleyCat <katt@gmail.com> wrote:
On Fri, 8 Mar 2024 10:37:38 -0800, Siri Cruise says...
'The unemployment rate was 6.4 percent in January 2021, down from 14.8 >>>> percent in April 2020. While elevated compared with recent levels and
the Trump era, that is not particularly high by historical measures.
When Barack Obama was re-elected in 2012, the unemployment rate was 7.7 >>>> percent.'
Politicians are looking for ways to increase unemployment.
Competition for employees is raising wages are is feared will
cause inflation.
Yeah... THAT's the ONLY reason Biden gave us double-digit inflation.
Forget the closing of pipelines and all the other messes Joe Biden caused. >>
"If the Biden stimulus had been responsible for the jobs boom, though, you >> would expect America's labour market to be stronger than those of its peers. >> BUT IN CANADA, FRANCE, GERMANY AND ITALY WORKING-AGE EMPLOYMENT RATES SURPASSED
PRE-PANDEMIC HIGHS BY THE END OF 2021; Japan followed in 2022. Among the g7 >> group of economies America has beaten to a full recovery only Brexit-blighted
Britain, where the employment rate is still lower than it was at the end of >> 2019."
"Mr Biden's stimulus did, however, put a rocket under inflation. In April
"core" consumer prices, which exclude energy and food, were 13.4% higher than
when he came to office. They have risen more than in other g7 countries, and >> their acceleration coincided with the introduction of Mr Biden's stimulus. >> Research suggests that, even by September 2022, the largesse was pushing up >> core inflation by about four percentage points."
"It was Mr Biden who lit the inflationary touch-paper-and whose signature
policies are probably still boosting prices. It is now clear that the Inflation
Reduction Act, which was supposed to cool the economy by shrinking deficits, >> will in fact widen them, owing to the higher-than-forecast take-up of its
clean-energy tax credits."
Politifact: Joe Biden's spending "has sent prices skyrocketing." - True -
Biden's American Rescue Plan fueled inflation. Inflation in March was 8.5%, a
40-year high. The $1.9 trillion American Rescue Plan fuel about half or less of
the increase, analysts say."
Vox: Biden's American Rescue Plan Worsened Inflation
NBC: As Democrats point to strong economy, consumers see inflation
There's plenty of good economic news: Unemployment is low. The stock market is
up. But INFLATION HAS RISEN EVERY MONTH SINCE BIDEN TOOK OFFICE.
I thought you nerds knew how to do this?
Also as far as the rest of the world's economies, the messages sent by the US on the world stage
effects everything.
When confidence in the US is low, prices tend to rise.
Oh, and wars tend to start as well.
Welcome to Joe Biden's presidency.
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