Parky60 Loc: People's Republic of Illinois

The May 2021 jobs report shows that 559,000 net additional jobs were created, which is, once again, fewer than what was anticipated That is now two months in a row that the jobs report was disappointing, the first two months since President Biden's policies took effect. Both months are losers – and what's more, the jobs participation rate also decreased. Decreased. Decreased to 61.6%. That's horrible, just as it was when Obama was president.

With 7.5 million job openings, why did the net additional employment only increase 559,000? Because people are getting paid more by the federal government to stay home than to go to work. The dozen states that did not implement the Biden extended unemployment benefits in May accounted for more than half of all the net new jobs when the 67,000 net new government jobs are subtracted from the 559,000. So why is Biden ignoring that fact?

And, why did the unemployment rate decrease if the participation rate decreased? Because the unemployment rate is a manufactured number. It is based on how many people are looking for jobs, not how many people are available to work. And the number of people looking for jobs decreased since so many are paid more to stay at home. The real unemployment number would be more than 10% if those people could not afford to stay at home and were looking for jobs.

This is a dog chasing its tail. The unemployment rate would increase if more people were looking for jobs, so Biden is paying them to stay home. The decreasing participation rate proves this point.

Joe Biden and Democrats are getting the polling results they want. Those extended unemployment benefits are buying a higher approval rating. But what happens when the stimulus money runs out?

Fact is, Biden and Democrats screwed up. All of Biden's 47 years of experience are as a government employee. He has no idea how the real world outside of government works – why would he?

So, why are stock prices increasing? Because interest rates fell. Investors don't see the Fed increasing interest rates or selling more bonds until employment increases substantially (at least 5 million more net additional jobs), so the lower interest rates force up Price-to-Earnings ratios and stock prices.

What will happen to those stock prices when the Fed is forced to increase interest rates and sell off bonds because of inflation? Two percent inflation is the Fed target. Most financial advisers now believe that inflation is above 4%. Some think it is more like 10%. The Fed is deliberately fudging the figures for core inflation (does not include energy, gasoline, or food) so that the Fed does not have to face fighting inflation along with fighting a low employment participation rate.

This is much like when Jimmy Carter was president. Low employment, high inflation and eventually high interest rates. Carter's solution was much the same as Biden's: more government spending, which just exacerbates the situation. Plus, oil shortages haunted Jimmy just as they are about to haunt Joe. This is looking like a perfect storm on the horizon.

The price of oil is now up almost 75% under Biden from what is was under Trump. Oil production under Biden decreased from record oil production and oil independence under Trump (for the first time since Eisenhower). Biden canceled ANWR drilling. He canceled the Keystone pipeline. Fracking was curtailed after Biden promised not to reduce fracking (he lied). And oil is the No. 1 indicator of what will happen to all product prices in the future. Prices for plastic, consumer gasoline, electricity, t***sportation for food, clothing and shelter – all depend on oil prices.

The only people who are benefiting from these higher oil prices are oil companies, oil oligarchs, the Saudis, Iran and Vladimir Putin as their net assets increase with increased prices. Joe Biden is their puppet.

What happens to all those i*****l i*******ts Biden is allowing into the U.S., 10 times more than under Trump? Do they get jobs that American workers can/should be doing? Kamala Harris says that she wants to cure the root causes of i*****l i*********n into the United States. She wants to pay foreign governments to stop their people from leaving their home countries. Wow! She is so wrong. If those i*****l i*******ts could not have a better life in America, if they got expelled immediately without receiving government benefits, then they would not be attracted to come here. The vice president is so wrong … about so much!

So it is time to take stock: $1.9 trillion proposed by Biden for infrastructure when only $900 billion of it is for actual infrastructure; $5 trillion for stimulus that paid people to stay home and not go to work; a 50% increase to the federal budget; proposed tax increases; oil production decreases; a 10-fold increase in i*****l i*******ts; not to mention ineffective C***D shutdowns by Democratic governors

So, let me ask: How many more of these bad economic decisions by Biden and the Democrats can Americans afford? How do any of their decisions make America great again for average working Americans? How do their decisions put the interests of average working Americans first?

Of course, I'll hear crickets fro the OPP l*****ts.

Milosia2 Loc: Cleveland Ohio

The Biden Administration is doing nothing that could not have been done republicans.
They had the reigns, they did nothing ,
Now they don’t have the reigns all they want to do is obstruct.
Nein , Nein , Nein , Nein , Nein !!!!!!!

Weasel Loc: In the Great State Of Indiana!!

Item per item, the things I buy on a weekly basis, including gas, I know that Inflation sets at 12%, at the very least in my world of common sense.

Parky60 Loc: People's Republic of Illinois

Gee I wonder why? It's apparent that you were still the twinkle in your daddy's eye during the Carter years. Like Bugs Bunny used to say...what a maroon!

DaWg44

Milusia, you need to get something else to drink. Trump reduced i******s, reduced gas, oil, prices which reduced other prices. He did not send an angry black sex worker, whose father has no use for her, to a foreign country to insult their President by telling him he does not know what is going on in his own country.

I would pay good money to see Obama/Harris straighten Putin & Xi out. You have to bee on some kind of drugs to think we have any real brains in this entire Government. It is run by Obama & the same people he had in place before doing the same things they were before to destroy this country & you cannot understand what is going on.

I was paying $1.76/gal. gas, $1.96/gal. for diesel. Since Obama got back in office, $2.89/gal. gas, $3.14/gal. diesel. Groceries are going up weekly. As more bleaches come back the bottles are no longer 1gal.& the cost is 2.5 X more, close to $8.00/gal. Inflation is already here very alive & growing rapidly. We burn 1,000-1,200 gals. gas/wk, 4,000gals. diesel/wk. in times like these we never catch up w/ the price increases. Most of our customers pay on 45 day terms which is really 75 days from purchase. We pay for fuel daily.

I hardly ever buy beer unless we are having a cookout, but it is up 40% from last Summer, just bought some for first time this year.

I promise you liberal/l*****t/c*******t it would look better to the world if you people did steal the e******ns. The way it looks now, foreign countries think everyone here is bat poop crazy.