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Biden creates an economic crisis--Unemployment, Inflation, risk of STAGLFATION increasing


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4 hours ago, The Frankish Reich said:

How exactly is Biden to blame for a 1-day drop?

Ask your mom!

 

 

Edited by Irv
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Anyone surprised ?

 

US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending

Associated Press, by Paul Wiseman

 

Washington — The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said Thursday in a downgrade from its previous estimate.

 

Consumer spending rose but at a slower pace than previously thought.

 

The Commerce Department had previously estimated that the nation’s gross domestic product — the total output of goods and services — expanded at a 1.6% rate last quarter. The first quarter’s GDP growth marked a sharp slowdown from the vigorous 3.4% rate in the final three months of 2023.

 

 

https://apnews.com/article/economy-growth-inflation-gdp-consumers-federal-reserve-a6c0086a4a55111c38939bf6cfa0db79

 

.

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On 5/30/2024 at 9:56 AM, B-Man said:

Anyone surprised ?

 

US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending

Associated Press, by Paul Wiseman

 

Washington — The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said Thursday in a downgrade from its previous estimate.

 

Consumer spending rose but at a slower pace than previously thought.

 

The Commerce Department had previously estimated that the nation’s gross domestic product — the total output of goods and services — expanded at a 1.6% rate last quarter. The first quarter’s GDP growth marked a sharp slowdown from the vigorous 3.4% rate in the final three months of 2023.

 

 

https://apnews.com/article/economy-growth-inflation-gdp-consumers-federal-reserve-a6c0086a4a55111c38939bf6cfa0db79

 

Credit card debt will surpass $1.2T shortly.

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Just now, Tiberius said:

😍272,000 jobs!!!!!😍

 

 

More government workers, part-time bartenders and waiters and other part-time jobs. 

 

Contrast that 272K to the household survey which says 408K jobs were lost in April.

 

Unemployment up to 4% and workforce participation rate fell.

 

While the 272K number seems good for the President, its actually bad news. The BLS number will keep the Fed on hold. Rate cuts will be delayed and the economy will slow further into recession before the election and voters will feel it.

 

 

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7 minutes ago, All_Pro_Bills said:

More government workers, part-time bartenders and waiters and other part-time jobs. 

 

Contrast that 272K to the household survey which says 408K jobs were lost in April.

 

Unemployment up to 4% and workforce participation rate fell.

 

While the 272K number seems good for the President, its actually bad news. The BLS number will keep the Fed on hold. Rate cuts will be delayed and the economy will slow further into recession before the election and voters will feel it.

 

 

😍272,000 jobs!!!!!😍

 

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10 minutes ago, All_Pro_Bills said:

More government workers, part-time bartenders and waiters and other part-time jobs. 

 

Contrast that 272K to the household survey which says 408K jobs were lost in April.

 

Unemployment up to 4% and workforce participation rate fell.

 

While the 272K number seems good for the President, its actually bad news. The BLS number will keep the Fed on hold. Rate cuts will be delayed and the economy will slow further into recession before the election and voters will feel it.

 

 

He doesn't understand how the numbers work and is only picking the one that makes him "feel good".

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1 minute ago, Tiberius said:

Everything is rigged, right?

 

It's cute how you guys make up your own reality

I'm going to give you ONE HUNDRED DOLLARS!  All you have to do to claim your ONE HUNDRED DOLLARS! is give me $120 and I will give you ONE HUNDRED DOLLARS!  Deal?

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5 minutes ago, Tiberius said:

😍272,000 jobs!!!!!😍

 

Tiberius

Posted Wednesday at 01:32 PM

Has the Dow Jones Industrial Average doubled under Joe Biden?

 

Yes

⬆️

You seem pretty good with numbers and emojis. How in the hell did you come up with this 💩 the other day? 

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