Politics and Religion

Link?
inicky46 61 Reviews 192 reads
posted
1 / 6

The only reason Trump can't fire the head of the Bureau of Labor Statistics is because he fired the last one a month ago and his new choice has yet to be confirmed. Anyway, this data is the Gold Standard for employment numbers and it ain't good, says The NY Times:
"When the federal government last month reported a sharp decline in the nation’s hiring, President Trump dismissed the numbers, claiming without evidence that they were “rigged,” and then ousted the official responsible for producing them.

The release of a second consecutive poor jobs report on Friday confirmed the reality that Mr. Trump has been trying to avoid. The labor market is stalling — and the nation is facing real strains — under the weight of his economic agenda.

Eight months into his second term, the sum of Mr. Trump’s high tariffs and mass deportations appear to have created noticeable pressure on employers. The economy added only 22,000 jobs in August, according to the latest readout from the Bureau of Labor Statistics. The unemployment rate rose slightly, to 4.3 percent, a nearly four-year high. And the revised data showed that employment fell by 13,000 in June, the first net loss of jobs since the end of 2020, when the pandemic was raging.

Analysts offered a variety of explanations for the slowdown. The president’s tariffs on nearly all imports have driven up costs for companies and prices for consumers. Mr. Trump’s immigration crackdown has made it harder for many businesses to find workers, while simultaneously reducing the need for them because they now have fewer customers. The federal government has cut jobs directly and canceled grants and contracts that have bled into the private sector. The uncertainty surrounding Mr. Trump’s ever-shifting policies has made corporate executives more cautious about hiring and investing.But those explanations all ultimately boiled down to one key factor. Mr. Trump, who regained control of the White House on promises of faster growth and lower prices, has established policies that are having precisely the opposite effect. Inflation data, due next week, is expected to show that consumer prices rose more quickly in August as companies increasingly pass along the cost of higher tariffs.

“We’ve got a private sector that’s caught in a pinch here between these higher cost pressures and reduced demand,” said Gregory Daco, chief economist for the consulting firm EY-Parthenon. “Both measures, whether it’s inflation or employment, are moving in the wrong direction. They’re moving toward a stagflationary environment.”
Image,"
No wonder Trump held up various other "shiny objects" yesterday in an effort to distract us.

coeur-de-lion 400 Reviews 19 reads
posted
2 / 6

economic indicators that is not up.  Average income is up, savings are up, inflation is down, and interest rates will be heading down very soon.  Even factoring in the jobs report, it still shows an economy that is on the mend and headed North, a breath of fresh air compared to the last four years of the Biden administration.  While Biden slept at the helm, Americans got poorer by any standard you want to measure by.  

inicky46 61 Reviews 31 reads
posted
3 / 6

As usual, CDL provides broad assertions and ZERO proof.

jazzman121847 111 Reviews 18 reads
posted
4 / 6

I don't know what planet you are living on, but on Earth 1: savings are down, consumer debit is higher,  inflation is up (and soon to even higher due to tarrifs and interest rates). The only reason interest rates may be lowered soon is because the economy is stalling out and heading toward a recessionary period. Trump created stagflation here we come.

edinathens 17 reads
posted
5 / 6

"Since World War II, according to many economic metrics including job creation, GDP growth, stock market returns, personal income growth, and corporate profits, the United States economy has performed significantly better on average under the administrations of Democratic presidents than Republican presidents. The unemployment rate has risen on average under Republican presidents, while it has fallen on average under Democratic presidents. Budget deficits relative to the size of the economy were lower on average for Democratic presidents. Ten of the eleven U.S. recessions between 1953 and 2020 began under Republican presidents. Of these, the most statistically significant differences are in real GDP growth, unemployment rate change, stock market annual return, and job creation rate." - Wikipedia article: " U.S. economic performance by presidential party"

crsm27 32 Reviews 20 reads
posted
6 / 6

Correct.   But there are outliers as well.....   Federal spending (federal jobs increases), policies by previous administrations that take hold when new administrations are in office (goes both ways), etc.   What I am getting at is many Dem leaders increase "federal jobs" to artificially boost job growth and numbers.   Biden was the most egregious of them all this last 4 years.   Yes "creating" federal jobs is artificially boosting growth and numbers.

 
So when you look at economics going up or down....you need to look at more than 4 year periods.    Then you need to look at "spending" for sure.   especially when looking at Republicans.... they say they are about not spending but what they do spend on is "military".   Or I should say "invest".... which can be a joke.    

 
The problem with ALL Government is when they "make" money or are not running as deeply in the "red".   They feel the need to spend.   They get a "balanced budget" and then they decide to spend.

 
This shouldn't be a pointing the finger at other side of the isle topic.   This should be pointing fingers at our elected officials and tell them to stop spending and keep us from a recession.   Do what is right for the people not your own interests.

Register Now!