Donald Trump’s warnings that there would be a “Biden depression” if he weren’t re-elected. Well, where is it? Last Tuesday President Biden’s Council of Economic Advisers published a...

Cuda2020

Last Tuesday President Biden’s Council of Economic Advisers published a blog post warning everyone not to make too much of any one month’s employment report. It presumably released this in advance of Friday’s report to fend off possible accusations that it was just trying to make excuses for a weak number. As it happened, however, the report came in strong: The economy added an impressive 850,000 jobs. Fact

The job gain was especially impressive given widespread claims that businesses couldn’t expand because generous unemployment benefits were discouraging workers from taking jobs. (Recent benefit cuts in many states came too late to have affected this report.) Well, somehow employers are managing to hire a lot of people anyway.

That said, the council’s points were well taken. C****-** created huge dislocations in the economy, and as we recover from these dislocations economic data are unusually noisy — largely because the standard adjustments statisticians make to smooth out things like seasonal variation don’t work well in an economy still distorted by the p******c.

At this point, however, we have enough data in hand to declare that the economy is booming. In fact, it’s booming so strongly that Republicans have piv**ed from claiming (falsely) that we’re experiencing the worst job performance in decades to lauding the employment numbers and giving credit to … Trump’s 2017 tax cut...Haha

Back to that in a minute. First, let’s try to put this boom in context, by noting that the economy is running hotter than it did during the “Morning in America” boom that gave Ronald Reagan a landslide victory in the 1984 p**********l e******n.

We’ve gained three million jobs since Biden took office, or 600,000 jobs a month. This compares with gains of 340,000 a month in the year leading up to the 1984 e******n.Fact

To be fair, Reagan-era job gains took place from a lower base, so it may be more appropriate to compare growth rates. But this still gives Biden the advantage: 5 percent at an annual rate, versus 4.4 percent in 1983-84. And the disparity grows if you compare jobs with the working-age population, which was growing around 1 percent a year in the 1980s but has stagnated in recent years.
The Republican determination to attribute everything good that happens to tax cuts is almost beyond parody. Some of us still remember how practically everyone in the G.O.P. predicted disaster after Bill Clinton raised taxes, then, when he presided over prosperity instead, declared that the boom of the late 1990s was a result of Reagan’s tax cuts in the early 1980s.

No, this isn't from anything Trump did, don't even try to go there with that BS.
https://www.nytimes.com/2021/07/05/opinion/joe-biden-economy.html

slatten49 Loc: Lake Whitney, Texas

Cuda2020 wrote:

Last Tuesday President Biden’s Council of Economic Advisers published a blog post warning everyone not to make too much of any one month’s employment report. It presumably released this in advance of Friday’s report to fend off possible accusations that it was just trying to make excuses for a weak number. As it happened, however, the report came in strong: The economy added an impressive 850,000 jobs. Fact

The job gain was especially impressive given widespread claims that businesses couldn’t expand because generous unemployment benefits were discouraging workers from taking jobs. (Recent benefit cuts in many states came too late to have affected this report.) Well, somehow employers are managing to hire a lot of people anyway.

That said, the council’s points were well taken. C****-** created huge dislocations in the economy, and as we recover from these dislocations economic data are unusually noisy — largely because the standard adjustments statisticians make to smooth out things like seasonal variation don’t work well in an economy still distorted by the p******c.

At this point, however, we have enough data in hand to declare that the economy is booming. In fact, it’s booming so strongly that Republicans have piv**ed from claiming (falsely) that we’re experiencing the worst job performance in decades to lauding the employment numbers and giving credit to … Trump’s 2017 tax cut...Haha

Back to that in a minute. First, let’s try to put this boom in context, by noting that the economy is running hotter than it did during the “Morning in America” boom that gave Ronald Reagan a landslide victory in the 1984 p**********l e******n.

We’ve gained three million jobs since Biden took office, or 600,000 jobs a month. This compares with gains of 340,000 a month in the year leading up to the 1984 e******n.Fact

To be fair, Reagan-era job gains took place from a lower base, so it may be more appropriate to compare growth rates. But this still gives Biden the advantage: 5 percent at an annual rate, versus 4.4 percent in 1983-84. And the disparity grows if you compare jobs with the working-age population, which was growing around 1 percent a year in the 1980s but has stagnated in recent years.
The Republican determination to attribute everything good that happens to tax cuts is almost beyond parody. Some of us still remember how practically everyone in the G.O.P. predicted disaster after Bill Clinton raised taxes, then, when he presided over prosperity instead, declared that the boom of the late 1990s was a result of Reagan’s tax cuts in the early 1980s.

No, this isn't from anything Trump did, don't even try to go there with that BS.
https://www.nytimes.com/2021/07/05/opinion/joe-biden-economy.html

Last Tuesday President Biden’s Council of Economic... (show quote)

Nice report on Biden's Morning In America.

Liberty Tree

Cuda2020 wrote:

Last Tuesday President Biden’s Council of Economic Advisers published a blog post warning everyone not to make too much of any one month’s employment report. It presumably released this in advance of Friday’s report to fend off possible accusations that it was just trying to make excuses for a weak number. As it happened, however, the report came in strong: The economy added an impressive 850,000 jobs. Fact

The job gain was especially impressive given widespread claims that businesses couldn’t expand because generous unemployment benefits were discouraging workers from taking jobs. (Recent benefit cuts in many states came too late to have affected this report.) Well, somehow employers are managing to hire a lot of people anyway.

That said, the council’s points were well taken. C****-** created huge dislocations in the economy, and as we recover from these dislocations economic data are unusually noisy — largely because the standard adjustments statisticians make to smooth out things like seasonal variation don’t work well in an economy still distorted by the p******c.

At this point, however, we have enough data in hand to declare that the economy is booming. In fact, it’s booming so strongly that Republicans have piv**ed from claiming (falsely) that we’re experiencing the worst job performance in decades to lauding the employment numbers and giving credit to … Trump’s 2017 tax cut...Haha

Back to that in a minute. First, let’s try to put this boom in context, by noting that the economy is running hotter than it did during the “Morning in America” boom that gave Ronald Reagan a landslide victory in the 1984 p**********l e******n.

We’ve gained three million jobs since Biden took office, or 600,000 jobs a month. This compares with gains of 340,000 a month in the year leading up to the 1984 e******n.Fact

To be fair, Reagan-era job gains took place from a lower base, so it may be more appropriate to compare growth rates. But this still gives Biden the advantage: 5 percent at an annual rate, versus 4.4 percent in 1983-84. And the disparity grows if you compare jobs with the working-age population, which was growing around 1 percent a year in the 1980s but has stagnated in recent years.
The Republican determination to attribute everything good that happens to tax cuts is almost beyond parody. Some of us still remember how practically everyone in the G.O.P. predicted disaster after Bill Clinton raised taxes, then, when he presided over prosperity instead, declared that the boom of the late 1990s was a result of Reagan’s tax cuts in the early 1980s.

No, this isn't from anything Trump did, don't even try to go there with that BS.
https://www.nytimes.com/2021/07/05/opinion/joe-biden-economy.html

Last Tuesday President Biden’s Council of Economic... (show quote)

Very few new jobs. This is just people going back to existing jobs after the p******c is easing. The cost of goods and services is rising drastically.

ACP45 Loc: Rhode Island

Cuda2020 wrote:

Last Tuesday President Biden’s Council of Economic Advisers published a blog post warning everyone not to make too much of any one month’s employment report. It presumably released this in advance of Friday’s report to fend off possible accusations that it was just trying to make excuses for a weak number. As it happened, however, the report came in strong: The economy added an impressive 850,000 jobs. Fact

The job gain was especially impressive given widespread claims that businesses couldn’t expand because generous unemployment benefits were discouraging workers from taking jobs. (Recent benefit cuts in many states came too late to have affected this report.) Well, somehow employers are managing to hire a lot of people anyway.

That said, the council’s points were well taken. C****-** created huge dislocations in the economy, and as we recover from these dislocations economic data are unusually noisy — largely because the standard adjustments statisticians make to smooth out things like seasonal variation don’t work well in an economy still distorted by the p******c.

At this point, however, we have enough data in hand to declare that the economy is booming. In fact, it’s booming so strongly that Republicans have piv**ed from claiming (falsely) that we’re experiencing the worst job performance in decades to lauding the employment numbers and giving credit to … Trump’s 2017 tax cut...Haha

Back to that in a minute. First, let’s try to put this boom in context, by noting that the economy is running hotter than it did during the “Morning in America” boom that gave Ronald Reagan a landslide victory in the 1984 p**********l e******n.

We’ve gained three million jobs since Biden took office, or 600,000 jobs a month. This compares with gains of 340,000 a month in the year leading up to the 1984 e******n.Fact

To be fair, Reagan-era job gains took place from a lower base, so it may be more appropriate to compare growth rates. But this still gives Biden the advantage: 5 percent at an annual rate, versus 4.4 percent in 1983-84. And the disparity grows if you compare jobs with the working-age population, which was growing around 1 percent a year in the 1980s but has stagnated in recent years.
The Republican determination to attribute everything good that happens to tax cuts is almost beyond parody. Some of us still remember how practically everyone in the G.O.P. predicted disaster after Bill Clinton raised taxes, then, when he presided over prosperity instead, declared that the boom of the late 1990s was a result of Reagan’s tax cuts in the early 1980s.

No, this isn't from anything Trump did, don't even try to go there with that BS.
https://www.nytimes.com/2021/07/05/opinion/joe-biden-economy.html

Last Tuesday President Biden’s Council of Economic... (show quote)

If you want to count adding back the previously lost waiters, waitresses, and bar tenders, good for you! What about high paying jobs in manufacturing, creating things we actually need and use, rather than importing everything from China? What about jobs in the Energy sector? How many jobs were created there?

DaWg44

Cuda2020 wrote:

Last Tuesday President Biden’s Council of Economic Advisers published a blog post warning everyone not to make too much of any one month’s employment report. It presumably released this in advance of Friday’s report to fend off possible accusations that it was just trying to make excuses for a weak number. As it happened, however, the report came in strong: The economy added an impressive 850,000 jobs. Fact

The job gain was especially impressive given widespread claims that businesses couldn’t expand because generous unemployment benefits were discouraging workers from taking jobs. (Recent benefit cuts in many states came too late to have affected this report.) Well, somehow employers are managing to hire a lot of people anyway.

That said, the council’s points were well taken. C****-** created huge dislocations in the economy, and as we recover from these dislocations economic data are unusually noisy — largely because the standard adjustments statisticians make to smooth out things like seasonal variation don’t work well in an economy still distorted by the p******c.

At this point, however, we have enough data in hand to declare that the economy is booming. In fact, it’s booming so strongly that Republicans have piv**ed from claiming (falsely) that we’re experiencing the worst job performance in decades to lauding the employment numbers and giving credit to … Trump’s 2017 tax cut...Haha

Back to that in a minute. First, let’s try to put this boom in context, by noting that the economy is running hotter than it did during the “Morning in America” boom that gave Ronald Reagan a landslide victory in the 1984 p**********l e******n.

We’ve gained three million jobs since Biden took office, or 600,000 jobs a month. This compares with gains of 340,000 a month in the year leading up to the 1984 e******n.Fact

To be fair, Reagan-era job gains took place from a lower base, so it may be more appropriate to compare growth rates. But this still gives Biden the advantage: 5 percent at an annual rate, versus 4.4 percent in 1983-84. And the disparity grows if you compare jobs with the working-age population, which was growing around 1 percent a year in the 1980s but has stagnated in recent years.
The Republican determination to attribute everything good that happens to tax cuts is almost beyond parody. Some of us still remember how practically everyone in the G.O.P. predicted disaster after Bill Clinton raised taxes, then, when he presided over prosperity instead, declared that the boom of the late 1990s was a result of Reagan’s tax cuts in the early 1980s.

No, this isn't from anything Trump did, don't even try to go there with that BS.
https://www.nytimes.com/2021/07/05/opinion/joe-biden-economy.html

Last Tuesday President Biden’s Council of Economic... (show quote)

Gas, food, everything made from oil is going up weekly, gas, diesel, daily, 45% in last month. I don’t know what moron in the Whitehouse came up with $.16 savings on July 4th meal but the trip to the grocery store & back went up more than that. Inflation is already growing rapidly which Yellen approves of.

Mulch is up 25% from last year. Fertilizers are up 30-35%. Fresh fruits & vegetables are up 15-20% in 2 months.

The labor participation rate, much more important than jobs report is tanking.

If you think any tax increase is not going to hurt all tax payers, you need psychiatric care. The only winners will be people who pay no taxes at all. They will make more money.

There is going to be a disaster in housing from extending no rent. Realty companies are going bankrupt, any buyers are going to immediately raise rents. Investors are going to think long & hard about investing in rental property after this precedent.

Enjoy your sojourn in the land of unicorns. It will not last long.

Ronald Hatt Loc: Lansing, Mich

Cuda2020 wrote:

Last Tuesday President Biden’s Council of Economic Advisers published a blog post warning everyone not to make too much of any one month’s employment report. It presumably released this in advance of Friday’s report to fend off possible accusations that it was just trying to make excuses for a weak number. As it happened, however, the report came in strong: The economy added an impressive 850,000 jobs. Fact

The job gain was especially impressive given widespread claims that businesses couldn’t expand because generous unemployment benefits were discouraging workers from taking jobs. (Recent benefit cuts in many states came too late to have affected this report.) Well, somehow employers are managing to hire a lot of people anyway.

That said, the council’s points were well taken. C****-** created huge dislocations in the economy, and as we recover from these dislocations economic data are unusually noisy — largely because the standard adjustments statisticians make to smooth out things like seasonal variation don’t work well in an economy still distorted by the p******c.

At this point, however, we have enough data in hand to declare that the economy is booming. In fact, it’s booming so strongly that Republicans have piv**ed from claiming (falsely) that we’re experiencing the worst job performance in decades to lauding the employment numbers and giving credit to … Trump’s 2017 tax cut...Haha

Back to that in a minute. First, let’s try to put this boom in context, by noting that the economy is running hotter than it did during the “Morning in America” boom that gave Ronald Reagan a landslide victory in the 1984 p**********l e******n.

We’ve gained three million jobs since Biden took office, or 600,000 jobs a month. This compares with gains of 340,000 a month in the year leading up to the 1984 e******n.Fact

To be fair, Reagan-era job gains took place from a lower base, so it may be more appropriate to compare growth rates. But this still gives Biden the advantage: 5 percent at an annual rate, versus 4.4 percent in 1983-84. And the disparity grows if you compare jobs with the working-age population, which was growing around 1 percent a year in the 1980s but has stagnated in recent years.
The Republican determination to attribute everything good that happens to tax cuts is almost beyond parody. Some of us still remember how practically everyone in the G.O.P. predicted disaster after Bill Clinton raised taxes, then, when he presided over prosperity instead, declared that the boom of the late 1990s was a result of Reagan’s tax cuts in the early 1980s.

No, this isn't from anything Trump did, don't even try to go there with that BS.
https://www.nytimes.com/2021/07/05/opinion/joe-biden-economy.html

Last Tuesday President Biden’s Council of Economic... (show quote)

'"EMPLOYMENT "FIGGERS" CAME IN STRONG"?....{ DUH! }....C***d & Demoncrats set up this scenario, for their own benefit!

Everyone unemployed **due to c***d, now, they are going "AUTOMATICALLY"...back to work...{ Too slowly}...

America's economy is in *dire straights, *welcoming failure due to *irresponsible *Demoncrat spending! { Never saw a pork-barrel they didn't like! { Filthy maggots....don't care if they destroy this country! } economic doom = Biden Harris team!

Milosia2 Loc: Cleveland Ohio

DaWg44 wrote:

Gas, food, everything made from oil is going up we... (show quote)

Everything on the planet will be dead, and there will still be oil in the ground .
But first we’ll need to go through the
” I can’t breathe stage.”
“ I need water “
“Where is the food “
The only thing that will be left here is
Unicorns.

Cuda2020

Liberty Tree wrote:

Very few new jobs. This is just people going back to existing jobs after the p******c is easing. The cost of goods and services is rising drastically.

You can't say that with any credibility, can you predict the future? Jobs came back because the demand was there, no other reason. No demand...no jobs.

Cuda2020

Milosia2 wrote:

Everything on the planet will be dead, and there will still be oil in the ground .
But first we’ll need to go through the
” I can’t breathe stage.”
“ I need water “
“Where is the food “
The only thing that will be left here is
Unicorns.

What an uplifting outlook!!!LOL How about we calm down a little?

Cuda2020

Ronald Hatt wrote:

'"EMPLOYMENT "FIGGERS" CAME IN STRO... (show quote)

I see, simply another party h**er. H**ers gotta h**e.

Milosia2 Loc: Cleveland Ohio

ACP45 wrote:

If you want to count adding back the previously lost waiters, waitresses, and bar tenders, good for you! What about high paying jobs in manufacturing, creating things we actually need and use, rather than importing everything from China? What about jobs in the Energy sector? How many jobs were created there?

I have to agree.
History has proven Every time taxes were raised a very large Boom followed.
The market gets created from the bottom up. A demand for goods and services creates jobs. Government creates jobs as last resort. But they can create a demand for goods and services. Thereby creating an environment of opportunity.
Where have the republicans been on this aspect ? Reagan’s VooDoo Economics was a farce for everyone except those at the top who have taken over all of the wealth making opportunities.
Today, they sell you everything you need
After they buy it in China for pennies.
This aspect has totally destroyed the rrpublican party. Along with a robust and vital country.

Cuda2020

Ronald Hatt wrote:

'"EMPLOYMENT "FIGGERS" CAME IN STRO... (show quote)

Anyone who refers to anyone as filthy maggots is not worth the spit in my mouth to talk to.

Liberty Tree

Cuda2020 wrote:

You can't say that with any credibility, can you predict the future? Jobs came back because the demand was there, no other reason. No demand...no jobs.

The demand was created by businesses being able to reopen and calling employees back to work and not by new jobs being created. Can you face reality.

Cuda2020

ACP45 wrote:

If you want to count adding back the previously lost waiters, waitresses, and bar tenders, good for you! What about high paying jobs in manufacturing, creating things we actually need and use, rather than importing everything from China? What about jobs in the Energy sector? How many jobs were created there?

How about you take a breath and let's all be grateful we're now going in the right direction and that's what really matters for all involved, everything else will follow on that trajectory.

If we get the taxes back as they were in 1999 we'll be doing GREAT!!!

Weewillynobeerspilly Loc: North central Texas

Cuda2020 wrote:

Anyone who refers to anyone as filthy maggots is not worth the spit in my mouth to talk to.

All depends on whats mixed in with the spit...... going in with the Ellen flavor, or what bootygigger prefers.

Asking for a friend.