Cuda2020

Don't believe it is one or the other here. The economy is doing great, people are buying which still may increase interest rates but things are going strong.

microphor Loc: Home is TN

microphor Loc: Home is TN

Not only that, we are allowing people in "critical" service positions due to their skin color or sexuality as opposed to their qualifications.

tiredofcrap

Kevyn.... Do you understand HOW unemployment is figured??? It is NOT how many people are out of work it IS how many people are still receiving unemployment benefits. So after 26 weeks of benefits you are shown to be Employed when most likely they are not. The last I heard there were 6 million people that worked before the COVID that are not working today. You keep thinking that the great government has produced such wealth when all they have done is TRY to keep up with the inflation that Biden and the Democrats have caused! The economy is sinking and sinking fast. I guess you didn't see inflation took a tick up in July, Gas prices are going back up, Electricity prices are going up across the country 5% or more. Groceries are still UP. I guess you don't understand that when the government causes 40 year record HIGH inflation that everything will go up to cover the cost. Prices never go back to where they were so prices go up. Which puts the people doing nothing more than pass more paper money for the same goods. That is IF the people actually get a raise to cover the inflation. Those that don't can only afford LESS. So this wonderful economy that you are talking about does not exist. The GDP is only higher because of inflation that this Democrat government has created.
A person with your level of low intellect should never call someone ignorant because remember when you point a finger at some one and call them ignorant therefore more of your fingers point back at you. Hence. You are calling yourself ignorant! I don't believe you are any more ignorant than any other Liberal you're all about the same. Stop spouting off you are just digging the hole deeper.

crazylibertarian Loc: Florida by way of New York & Rhode Island

Kevyn, you missed your calling. I never realized what a great comedy writer you are. Hysterical!!!

okie don

~~~~~~~
Kev,
Since your an economics expert, maybe a CPA for all I know, please explain STAGFLATION to all us " deplorables".

okie don

Kev, is that where the inflation costs of goods and services exceeds your wage or salary increase so you must use your credit card. Incidently, credit card debt has now crossed $1 TRILLION DOLLARS BORROWED.
It has NEVER been this bad.
Your " Bidenomics" just ain't cutting it.

martsiva

Hye Kevyn I`m still waiting for your knowledge about how man influenced all those climate changes 1000s of years ago!!

Parky60 Loc: People's Republic of Illinois

Our GDP is the highest ever: Actually in 2020 dollars 3Q21 was the highest GDP ever as we were coming out of Covid.

Unemployment lower than it has been in our lifetime: Employment is supposed to be the “bright spot” for the economy, but the latest employment report’s adjustment for last month is literally a shocker. You will not hear anyone from the Biden admin or associated economist cheerleaders mention this: The BLS reported that in July the number of full-time jobs plunged by 585,000 to 134.3 million, the biggest monthly drop since record covid crash of 14.7 million jobs!

And, U.S. employers have already announced more job cuts this year than they did in all of 2022, and the hits just keep on coming… companies that have announced major layoffs/downsizing and hiring freezes since June, 2023 alone:

Layoff Tracker: Top Layoffs of The Week
• Cano Health will cut 700 workers and explore company sales
• Rapid7 to lay off 470 employees or 18 percent of its workforce
• Klaussner Furniture Industries Inc. laid off 800 employees
• Credit Suisse lays off 80% of Hong Kong investment bank jobs
• Astra lays off 25% of the workforce

Leading companies that announced mass layoffs (400+) since June 2023:
• Software firm Zendesk is laying off 8% of its global workforce. CEO Tom Eggemeier sent a message to his employees explaining the decision, calling it “difficult news to share.”
• UBS Group plans to cut 35,000 workers, over half of Credit Suisse Group’s workforce after the bank’s emergency takeover. Bankers, traders, and support staff in Credit Suisse’s investment bank in London, New York, and in some parts of Asia are expected to bear the brunt of the cuts, with almost all activities at risk.
• Yellow Corp., a 99-year-old trucking company, once a dominant player in its field, has halted operations and laid off all 30,000 workers
• Ericsson has informed its employees in North America about impending job cuts, which will impact up to 750 employees. In February, Ericsson officially announced a global workforce reduction of 8,500 jobs. Starting from October 1, 2023, all of Ericsson’s field services in the US will be carried out by “external providers,” with a separation date set for September 29, 2023.
• CVS Health is eliminating about 5,000 jobs to reduce costs as it focuses on healthcare services. The cuts represent less than 2% of the company’s workforce, comprising roughly 300,000 employees.
• Amdocs is laying off around 2,000 employees, 6.5% of the workforce, in another round of cutbacks. In Israel, the reduction rate will be slightly lower, with Amdocs bidding farewell to 200 employees out of the 5,000 employed in the country.
• AT&T Inc.’s human resources chief, Angela Santone, will leave the company at the end of September, just as the telecommunications giant eliminates thousands of jobs as part of a newly expanded $8 billion cost-reduction program.
• Microsoft cut its headcount by 1,000 jobs, mostly in sales and customer services. The layoff affected 276 employees in the Seattle area.
• Streaming service Viaplay, which is facing financial difficulties, has laid off around 1,000 employees, or more than half of its workforce, as part of a restructuring effort.
• Accenture plans to cut around 890 jobs from its Irish operations on top of the 400 staff let go earlier this year. The layoffs are part of a round of global job reductions announced in March.
• GKN Aerospace, one of the St. Louis region’s largest manufacturers, plans to shut down its Hazelwood plant and lay off over 700 workers.
• The Goodyear Tire & Rubber Company is laying off about 500 employees globally. The layoffs represent about a 5% reduction in salaried staff globally and are “in response to a challenging industry environment and cost pressure driven by inflation.”
• Grubhub is laying off 400 corporate employees, about 15% of its workforce, amid higher costs and declining orders. Howard Migdal, the food delivery brand’s CEO, said, “We need to make some tough decisions to maintain our competitiveness, deliver the best possible service for diners and our other partners, and be successful in the long term.”

Manufacturing is returning to the US like never before: See above and following.

Biden has recently touted a jump in US manufacturing as the latest achievement of Bidenomics, but like every other claim he makes, you have to look at the context. These are not free market manufacturing facilities built according to market demand. Rather, Biden is pumping billions of taxpayer dollars into green tech, once again artificially engineering a “manufacturing boom” through government subsidies for products that have limited demand.

Biden wants to rig the demand, too, by enforcing climate laws which make gas, oil and coal sources too expensive and solar panels and wind turbines cheaper by comparison. For example, Biden is increasing costs for oil and gas exploration on federal lands, while greatly lowering the prices for building solar farms on federal lands. In other words, the government uses your money to create factories for green tech and then creates laws which force people to use that green tech.

In the meantime, Joe’s manufacturing “boom” paid for with tax dollars also comes at the cost of America’s oil, gas and coal industries, not to mention less energy freedom for the general public. It’s socialism, not a revolution in domestic manufacturing.

I could go on but as usual Kevie, you don’t tell the whole story... you get the picture.

BIRDMAN

🤪🤪🤪🤪🤪

Parky60 Loc: People's Republic of Illinois

With a remainder of 3.

Wonttakeitanymore

Gods truth vs liberal nonsense, we know your preference

tomhoff24

I and my wife are doing much better under the Biden presidency than Trumps

Parky60 Loc: People's Republic of Illinois

Please explain.

microphor Loc: Home is TN

Tell us how.