It's the economy stupid!

Port Tack said:
Typical for an exceptional unemployment rate to be mocked with bullshit from the right. Virtually every economic measure is looking good and/or improving. The right will spend the next year lying to their ignorant supporters that the sky is falling but you will lose anyway.
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For me, it isn't new to dismiss the U3 as meaningless. I've been doing that since at least Bush II. The best measure of employment is the Labor Utilization Rate. Politicians shy away from it in favor of the U3 particularly when the U3 is going up, as it is with Biden. It doesn't change that it's a meaningless indicator of economic conditions.

Virtually every useful and significant indicator of economic condition says Biden's economy is a train wreck and 70% + of the US population agrees.

For example, in the Carter years, the economy sucked bigtime. Inflation was in double digits. Yet, Carter had one of the highest GDP growth numbers among modern presidents. The problem was those growth numbers where about half what inflation was so the result was a shrinking economy doing poorly. Biden's isn't as bad as Carter's but the same thing is going on now. The economy is shrinking as GDP is less than inflation.

It's ignorant dumbfucks like you, that don't get it. Biden's economy sucks bigtime.
 
Port Tack said:
Labor utilization rate? Is that another bogus statistic like the labor participation rate you came up with to try and counter the drop in unemployment under Obama?

Everything I posted was pure fact. There will be no recession, unemployment is lower than ever and growth is expected for the next year. There is nothing wrong with the economy, stupid.
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Yeah, that “labor participation rate” was comical, at no time in history was that touted on its own as a vital economic indicator but suddenly mysteriously in 2008 it was top story daily on every right wing source 24/7
 
T. A. Gardner said:
For me, it isn't new to dismiss the U3 as meaningless. I've been doing that since at least Bush II. The best measure of employment is the Labor Utilization Rate. Politicians shy away from it in favor of the U3 particularly when the U3 is going up, as it is with Biden. It doesn't change that it's a meaningless indicator of economic conditions.

Virtually every useful and significant indicator of economic condition says Biden's economy is a train wreck and 70% + of the US population agrees.

For example, in the Carter years, the economy sucked bigtime. Inflation was in double digits. Yet, Carter had one of the highest GDP growth numbers among modern presidents. The problem was those growth numbers where about half what inflation was so the result was a shrinking economy doing poorly. Biden's isn't as bad as Carter's but the same thing is going on now. The economy is shrinking as GDP is less than inflation.

It's ignorant dumbfucks like you, that don't get it. Biden's economy sucks bigtime.
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The economic indicators are useful. They are a litmus test to see if in general the economy is improving or waning. Using the same standards gives a simple and clear picture. Any time someone does not like that it reveals a climbing economy, they want to use different indicators. Sort of like Repub alternative facts. That is where you fit in.
 
Nordberg said:
The economic indicators are useful. They are a litmus test to see if in general the economy is improving or waning. Using the same standards gives a simple and clear picture. Any time someone does not like that it reveals a climbing economy, they want to use different indicators. Sort of like Repub alternative facts. That is where you fit in.
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Along with three out of four other Americans. The alternative facts belong to radical Leftists, like you... Bidenomics and Biden's economy suck harder than a Kirby vacuum cleaner.
 
Geeko Sportivo said:
What is amazing is how you REPUBLICAN ASSHOLES blame Biden for inflation, AND WE HAVE HEARD NOTHING IN THE REPUBLICAN DEBATES or at any of Trump's STUMP Speeches, or better yet, at TRUMP's ASS KISSING CONTESTS- What Trump or any of his TRUMPTARDED kissups intend to do about inflation!

:thinking:In fact, you TRUMPTARDED REPUBLICAN ASS-KISSING ASSHOLES can't even explain how Biden is to blame for it either! :palm:

YOU ARE ALL FUCKING PATHETIC! AND THAT IS THE FUCKING TRUTH!

That's what!

Hey man, I just tell the truth! I tell it like it is!

Let me know, if you can't handle the truth!

Thanks!
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why do you people deny Bidenflation?.....
 
Port Tack said:
Republicans like to claim it's the economy stupid, this time they are right!



Republicans like to keep harping that Biden has destroyed our economy but it's becoming clearer and clearer that they are full of shit. The next time this country does fall into a recession, our recovery will be measured by how fast it recovered under Joe Biden!
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AND YET, THERE'S IS NOT ONE GOTDAMN THING A DEMOCRAT NOR REPUBLICAN CAN DO TO LOWER THE COST OF MILK, ORANGE JUICE AND TAMPONS AND WE ALL KNOW IT. THEM GREEDY FUCKIN JEWS AND REDNECKS ON WALL STREET COULD GIVE A DAMN
 
tigerred59 said:


AND YET, THERE'S IS NOT ONE GOTDAMN THING A DEMOCRAT NOR REPUBLICAN CAN DO TO LOWER THE COST OF MILK, ORANGE JUICE AND TAMPONS AND WE ALL KNOW IT. THEM GREEDY FUCKIN JEWS AND REDNECKS ON WALL STREET COULD GIVE A DAMN
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you are fortunate that nothing in your grocery store has to be shipped from a warehouse to your grocery store.......or from a factory to a warehouse......or from a farm to a factory.......the rest of us aren't that fortunate........fuel prices doubled for all those stages.....
 
by the way.....the guy who owns Tyson Foods is neither a redneck, Jewish or from Wall Street.......he's a huuuuge Clinton supporter......
 
Lionfish said:
397324-aef40a5efc6bcc050b95146d81694940-jpg.1426628
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Their vermin huh little Hitler shit head
 
T. A. Gardner said:
Let's see:

On jobs.

The labor utilization rate is at a low. It is still way below where it was prior to Biden taking office.
https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm

While fewer people are in the workforce, those that are now at an all-time high taking second jobs and gig work
https://www.cbsnews.com/news/inflat...ebruary 2020, according to federal labor data.

Biden has pushed far more generous welfare benefits into place causing more people to opt out of the workforce, as shown above, and simply grift off the government
https://nypost.com/2022/12/18/it-pays-not-to-work-in-bidens-america-thanks-to-welfare-benefits/

Largest Welfare Increase in U.S. History Will Boost Government Support to $76,400 per Poor Family
https://www.heritage.org/welfare/re...ll-boost-government-support-76400-poor-family

Why work when you can make more off welfare?

Manufacturing?

Under Biden manufacturing as a sector of the economy has been under steady decline.
US manufacturing near three-year low; casts a shadow over economy
https://www.reuters.com/markets/us/...kest-nearly-three-years-march-ism-2023-04-03/

Layoffs loom in the US manufacturing sector as backlogs shrink
https://www.cnn.com/2023/04/24/economy/manufacturing-layoffs-backlogs/index.html

In the semiconductor industry, companies can't find the workers they need (see welfare benefits above as one reason):

TSMC complains it can’t find enough skilled workers to get its Arizona chip plants ready in time, delaying mass production to 2025
https://fortune.com/2023/07/21/tsmc...chip-plants-ready-delay-mass-production-2025/

Biden's greentard economy is a disaster too. No companies want to bid on solar and wind projects because they know, even with government subsidies, these are likely to be economic losers.

The growth in the economy is a falsehood. It grew slower than inflation, therefore it is really shrinking.

Inflation is still more than double what it was before Biden took office, and shows little chance of slowing.

Wages aren't keeping up with inflation either.

Weekly earnings rose briskly, by 12.2%. But after adjusting for inflation, “real” weekly earnings went down 3.4%.
https://www.factcheck.org/2023/07/bidens-numbers-july-2023-update/

Americans saw ‘most severe’ pay cut in 25 years under Biden
https://nypost.com/2022/10/06/americans-saw-most-severe-pay-cut-in-25-years-under-biden/

That's why almost 3 out of 4 Americans say the economy sucks and hate "Bidenomics." They recognize they're being slammed by his asinine and idiotic economic decisions. They hate Biden's economy, and they hate him too.

Bidenomics is a curse and one inflicted by the Democrats on America. That's why over 70% of Americans now say Biden's economy totally sucks.
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LOL. Stop trying so hard. Take the time to read your own links, and you won't look so silly.
 
Port Tack said:
Labor utilization rate? Is that another bogus statistic like the labor participation rate you came up with to try and counter the drop in unemployment under Obama?
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Yea. He used a term that has absolutely nothing to do with the economy, and then posted a chart that has nothing to do with it.

Worse yet, the chart shows a marked increase since Biden took office.
 
Althea said:
Yea. He used a term that has absolutely nothing to do with the economy, and then posted a chart that has nothing to do with it.

Worse yet, the chart shows a marked increase since Biden took office.
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If the Labor Utilization Rate has nothing to do with the economy, then the unemployment rate has nothing to do with the economy.
 
Althea said:
Inflation began as a Covid supply chain issue.
Corporations seized on the opportunity to price gouge consumers and simply blame 'inflation'.

The economy is doing very well, but most people only see higher prices for necessities. Fuel is a big driver, and it's highly unstable due to corporate profiteering.
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I believe it was the Russian invasion that took oil and food out of the world supply. Of course, Trump's covid did result in a pent-up demand.
 
Nordberg said:
I believe it was the Russian invasion that took oil and food out of the world supply. Of course, Trump's covid did result in a pent-up demand.
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That was definitely the cherry on top. And binge shopping from home did indeed deplete Chinese supply chains, followed by the inability to build up inventory. There were certain plumbing supply parts that simply weren't available for almost a year. Same for other building related products.

Buried beneath the mess was corporate greed. Opportunists, as it were.
 
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