The timing couldn't be worse.  While inflation numbers have been slowing a gradual decline over this year compared to last year, there was an uptick in the November numbers and the inflation rate climbed again since October.  So what does Biden do?

 
HE TAKES A VICTORY LAP.  He gave a speech declaring Bidenomics is working, and the economy is improving.  Regrettably, I listened to the whole speech, and it was pathetic.  He said his only mistake was not putting his name on the relief checks like Trump did.   My take is that he is setting the table to make a claim that Trump's future successes will be a result of his success on the economy, just like Obama tried to do in 2016.  Democrat Politicians have no shame and will still lie to our faces about anything and everything.

The speech was spot on and it's only a matter of time before filthy maga traitor cunts try to falsely start taking credit for the infrastructure being built that won't complete for years to come.  Just like the filthy little maga traitor cunts tried to take credit for the bills passing when all the filthy maga traitor cunts voted against it.  Sad. Pathetic little filthy maga traitor cunts.

Amazing about-face from the members of Congress who tried to stop the bill in the first place

One of President Biden’s hallmark achievements thus far is his $1.2 trillion bipartisan infrastructure law. Even though Biden compromised with Republicans, and even though the law was so beneficial for their constituencies, a majority of Senate and House Republicans still voted against it in 2021. And now these same Republicans are suddenly trying to take credit for the historic investment they actively tried to stop.

Biden’s law is distributing upward of $42 billion across America to expand internet access and help bring rural and isolated communities into the increasingly digital world. The White House on Monday released estimates of what that means for each state—and Republicans who voted against the bill were quick to claim the victory.

Senator Tommy Tuberville lauded the news Tuesday, celebrating the law’s impact on Alabama’s rural communities:

Senator John Cornyn also tweeted an article boasting about Texas receiving a whopping $3.3 billion for broadband, more than any other state in the nation.

Of course, the spanning infrastructure package includes other popular provisions as well.

Representative Nancy Mace on Wednesday hosted a press conference celebrating the law’s allocation of nearly $26 million to a Charleston, South Carolina, regional bus hub featuring electric buses. Mace has previously called the bipartisan infrastructure law “absurd” and a “fiasco,” and specifically derided funding electric mass transportation as “socialism.”

If it is socialist, so be it: Perhaps Mace’s celebration of the project shows how popular socialist policies might actually be!

Tuberville and Cornyn are among the 30 Republican senators who voted against the bipartisan infrastructure law. Mace is among the 200 House Republicans who voted against it.

Dumb little filthy maga traitor cunts

NEW YORK (Reuters) -Wall Street's benchmark S&P 500 index rose on Wednesday and a rally in tech stocks lifted the Nasdaq above the 20,000-point milestone for the first time, after a U.S. inflation report boosted expectations of a Federal Reserve interest rate cut.

The Dow Jones Industrial Average dipped, dragged by health insurers as U.S. lawmakers introduced a bill seen as crimping their profits.

Five of the 11 major S&P 500 sectors advanced, led by gains in communication services, technology and consumer discretionary services.

A Labor Department report showed U.S. consumer prices in November increased by the most in seven months, though broadly in line with market expectations.

Care to restate your gibberish?

for Joe Biden, so of course, higher prices are in line with "expectations."  After four years of rising prices, why should anyone expect anything different from the Biden Administration?  I think most Americans feel that just because Joe can't do any better, we don't have to accept mediocre governance and policies, and that is why Biden is out and Trump is in.  

 
Much of the improvement in the financial markets since the election is anticipatory of the new administration taking over in less than a month.  We saw a similar effect during the summer as Trump slowly improved his standing in the polls.  In his first term, improvement was across the board in all sectors.  You didn't have to cherry-pick.  Covid killed it, but there is no reason he won't do it again.  He has proven he knows how.  

which we're not. So again, your credibility is in the toilet. AGAIN. cdl the fraud. exposed

Ask average Americans.  The people telling you there is no recession are same ones that told you for four years that the border was closed.  How many times do you have to be made a fool of before you say, "Enough!!!"

No we are not fraudulent cdl the Qamoron tool

You 'feel' like you're in a recession, because that's what FOX SPEWS LIES has been spoon feeding you for over a year ... only because a Democrat is in office now.  There are no economic indicators showing that we're in a recession. But don't worry.  Filthy maga traitor cunts 'feel' like it's a recession - so it must be.  How fucking DUMB are you?  

Look at all this total bullshit they are spoon feeding you:

US economist signals a painful 'reckoning' looming over ...

Fox Business
https://www.foxbusiness.com › media › us-economist-si...
Aug 8, 2024 — Macromavens President Stephanie Pomboy breaks down whether Americans are technically experiencing a recession, key economic data and the labor market.

Financial experts reveal how Americans can prepare for ...

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https://www.foxbusiness.com › media › financial-expert...
Aug 24, 2024 — Financial experts are revealing how Americans can prepare for the possibility of a recession with concerns about the economy.

Economy will slow in 2024, economists see 50% recession ...

Fox Business
https://www.foxbusiness.com › economy › economy-wi...
Dec 4, 2023 — The US economy, which is on pace to grow 5.2% in the third quarter, is heading for a sharp slowdown next year, according to the nation's leading economists.

The recession risk is certainly on the rise: Adam Turnquist

Fox Business
4 months ago

6:04
The recession risk is certainly on the rise: Adam Turnquist. Stocks plunge on recession fears after a weak jobs report.

US might avoid a recession, but it's a different story for ...

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Aug 12, 2024 — High household debt and a drop in savings both show how ordinary Americans are facing their own recession. Carol Roth By Carol Roth Fox News.

World & U.S. Economy News and Market Economy Updates

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Stay informed about economic trends, market developments, and government policies impacting businesses and consumers worldwide. Learn about the U.S. economy ...
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Im

The survey of 1,612 U.S. adults, which was conducted from Nov. 14 to Nov. 18, found that fewer than half of Republicans (48%) now say the economy is getting worse. But immediately before the Nov. 5 election, nearly three-quarters of Republicans (74%) said the economy was going downhill.

Sniveling little lying maga traitor cunts.  The ONLY reason you 'think' or 'thought' we were in a 'recession' is because a DEMOCRAT was in office and that's what FOX SPEWS LIES told you to think.  

FUCKING FRAUD. Just filthy maga traitor cunt stupidity.  

In the wake of Donald Trump’s 2024 victory, huge numbers of Republicans who previously believed that the economy was “getting worse” and that U.S. elections are not “free and fair” no longer believe those things, according to a new Yahoo News/YouGov poll.

Democrats have moved in the other direction on both questions but to a much smaller degree.

The survey of 1,612 U.S. adults, which was conducted from Nov. 14 to Nov. 18, found that fewer than half of Republicans (48%) now say the economy is getting worse. But immediately before the Nov. 5 election, nearly three-quarters of Republicans (74%) said the economy was going downhill.

That’s a sudden 26-point shift.

Meanwhile, a mere 13% of Republicans said in a December 2021 Yahoo News/YouGov poll that the 2020 election — which Trump lost to Joe Biden, then tried to overturn — had been free and fair. Last month, just 27% of Republicans predicted this year’s contest would be free and fair.

Yet now that Trump has won, a full 89% of Republicans say the 2024 election cleared that bar.

The latest Yahoo News/YouGov results illustrate the powerful effect that partisanship can have on people’s perception of reality. Nothing significant about the U.S. economy or election process has changed over the past two weeks, yet consumer sentiment has soared among Republicans — and concerns about voter fraud have plummeted. The difference is that Trump’s victory makes his supporters feel more optimistic about the direction of the U.S. economy and less skeptical about the integrity of U.S. elections.

…other than double down on Trump’s policies of making computer chips in America. Everything else has been a complete shit show. We are in a recession but this administration just makes up numbers to fake it that we’re not, just like they fake the unemployment numbers.

Yeah, except facts and truth contradict the filthy maga traitor cunts. Like always. Dumb fuck

The May jobs and unemployment report is out today, and it shows a continuing strong economy. The Biden Administration’s robust and durable track record on jobs and unemployment is breaking records, putting up some of the best results we’ve seen in half a century.

First, the numbers. The federal Bureau of Labor Statistics (BLS) reports that May saw an additional 272,000 jobs created, above most forecasters’ expectations. Unemployment ticked up from 3.9% to 4%, although such slight single-month changes are statistically meaningless (if the rate rises for several months in a row, then you have a trend.)

These are very strong numbers, especially this far into an economic recovery. The White House took a justified victory lap, with President Biden noting “unemployment has been at or below 4% for 30 months—the longest stretch in 50 years.”

Jobs increased in several sectors—health care, leisure and hospitality, and professional services. And wages continued rising, with average hourly earnings moving upward. BLS notes that “over the past 12 months, average hourly earnings have increased by 4.1%.”

Should we worry that higher wages are causing inflation? No. Although wage gains are positive, their rate of increase is slowing. And our inflation is driven by structural factors in supply chains, housing, and aggressive pricing by companies. Even Federal Reserve Chairman Jerome Powell has moderated his views, saying in March that wages are not the main reason for persistent inflation.

Nice try dumb fuck. But wrong AGAIN.  

Key Takeaways
If job creation continues on its current trajectory through January, Joe Biden will be the first president under whom the economy added jobs every month he was in office.
The trend in jobs over the last few years has been shaped by the pandemic as well as policy, for which economists credit Biden and his predecessor, Donald Trump.
Economists have been debating whether the recent job-creation streak can continue.
Joe Biden is on the verge of making history: If job creation continues on its current trajectory through January, he will be the first president under whom the economy added jobs every month he was in office.

Biden touted his administration's employment record in a speech Thursday to the Economic Club of Washington. D.C.
1. According to data from the Bureau of Labor Statistics, the economy has added jobs every month since Biden took office.
2. The last time the number of jobs decreased was in December 2020, while former President Donald Trump was still in office.

The trend in jobs over the last few years has been shaped by the pandemic as well as policy. Employers laid off more than 20 million people in the early days of COVID-19 but soon began re-hiring. The job rebound came alongside an unwelcome burst of inflation starting in late 2021, and in the Fed began raising interest rates to combat it the following year. Many experts at the time predicted the Fed's rate hikes would subdue inflation but cause a recession and tank the job market.

Economists have credited policies by Biden and Trump for stoking the job market in the wake of the pandemic.

 Massive pandemic relief bills signed into law by both administrations gave cash to employers and households, allowing people to continue spending money despite the wave of layoffs. Those same relief bills may also have contributed to the inflation surge that started in late 2021.

Can the Streak Continue?
Economists debate whether the recent job-winning streak can continue. A recession is still nowhere in sight, but job creation has slowed in recent months, raising concerns about the health of the labor market. The Fed's rate cut last week was meant to prevent job losses.  

"It's very hard to predict month to month, but the momentum on jobs under this president has been extremely solid, and I'm confident it will remain so," Jared Bernstein, chair of the White House Council of Economic Advisers, said in an interview with Investopedia. "It's true that payroll employment growth has slowed but you'd expect that, given the breakneck pace that was occurring when the President took office."

Biden's historical achievement would come with an asterisk. Barack Obama's second term in office, from 2013 to 2017, was an unbroken streak of job creation, the first since records began in 1939. However, the economy lost jobs during Obama's first term, which encompassed the Great Recession. Biden therefore would be the first president never to have presided over job losses at any point during his tenure, but Obama was the first to have a four-year term of straight employment gains.

Returning jobs are not the same as NEW jobs being created.  Don't drink the Koolaid.  Look at the facts.