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

[ALF]

Data shows nearly 6 million more Boomers in the U.S. retired from October 2020 through March of this year than the same period a year prior, creating a larger void than anticipated in an economy seeking to fill jobs across an array of industries and recover from the woes of the coronavirus pandemic.Jul 20, 2021

 

The growing number of Baby Boomer retirements nationwide is accelerating, raising concerns locally about losing a large chunk of the workforce sooner than expected.

 

https://www.daytondailynews.com/local/rising-number-of-baby-boomers-retirements-may-create-eye-opening-changes/LOW7HBDJZBDB3M42EMUVYA7YX4/

[B-Man]

 

 

The Great Biden Slowdown – here's how he stifled growth, discouraged consumers in just 9 month

by Liz Peek

 

Joe Biden has pulled off the incredible: inherit a booming economy and bring it to a near-standstill in just nine months. When the president took office, the country was enjoying a robust V-shaped recovery, growing at better than 6%. The Federal Reserve was puffing up the money supply by $120 billion per month, consumers were sitting atop $2.5 trillion in excess savings, prices were stable and unemployment was falling fast. On Inauguration Day 1.6 million Americans received the COVID vaccine, optimism was rising and people were flush with trillions in relief funds.

 

https://www.foxnews.com/opinion/biden-economic-slowdown-inflation-consumers-growth-liz-peek

 

 

 

[Over 29 years of fanhood]

😂

 

so two weeks after McDonald’s started talking about $20/hr jobs they announced they are now pursuing AI for management of the drive through ordering etc. lol

 

These well meaning dems have zero concept of economics. None

On 10/28/2021 at 10:48 PM, B-Man said:

 

 

                               

 

 

 

 

Hold on there, they built connection, power, influence and then personal wealth for themselves their friends and their families.

 

im positive this new program will build back even better personal wealth for themselves their friends and their families.

[B-Man]

 

 

 

 

                                     

 

 

 

 

[Albwan]

lol. when this clown goes woke ...UH OH

[B-Man]

 

 

 

Procter & Gamble employees issue a warning to America

American Thinker, by Andrea Widburg

 

Procter & Gamble (“P&G”) is one of America’s largest corporations, with over 100,000 employees worldwide. It is putting a vaccine mandate into place for its more than 26,000 America-based employees, which will require them to get vaccinated, meet a “company-approved” exemption, or take weekly COVID tests. Those employees opposed to the vaccine mandate are pushing back. To that end, they released a powerful video warning, not P&G, but all Americans, what will happen if these employees lose their jobs. It’s unlikely that you’ve navigated through life without ever purchasing a product from P&G.

 

 

https://www.americanthinker.com/blog/2021/11/procter__gamble_employees_issue_a_warning_to_america.html

[BillStime]

2 minutes ago, B-Man said:

 

 

 

Procter & Gamble employees issue a warning to America

American Thinker, by Andrea Widburg

 

Procter & Gamble (“P&G”) is one of America’s largest corporations, with over 100,000 employees worldwide. It is putting a vaccine mandate into place for its more than 26,000 America-based employees, which will require them to get vaccinated, meet a “company-approved” exemption, or take weekly COVID tests. Those employees opposed to the vaccine mandate are pushing back. To that end, they released a powerful video warning, not P&G, but all Americans, what will happen if these employees lose their jobs. It’s unlikely that you’ve navigated through life without ever purchasing a product from P&G.

 

 

https://www.americanthinker.com/blog/2021/11/procter__gamble_employees_issue_a_warning_to_america.html

Did you turn your clock back last night Bonnie?

[Big Blitz]

Shot

 

 

 

 

 

Chaser 

 

Edited November 8, 2021 by Big Blitz

[B-Man]

 

 

Producer inflation picks up in October

Producer prices rose 0.6% last month
 

The producer price index for final demand increased 0.6% last month, accelerating slightly from the 0.5% gain in September according to the Labor Department. The reading was in line with what analysts surveyed by Refinitiv were expecting.
 

Prices jumped 8.6% year over year, matching last month’s reading for the largest annual increase on record. Annual price increases have printed at a record pace for seven straight months.
 

The index rose 0.4% in October when excluding food, energy and trade. Analysts were expecting a 0.5% increase after a 0.2% jump in September.  
 

Core prices rose 6.8% year over year, matching estimates.

 

https://www.foxbusiness.com/economy/producer-price-index-october-2021

 

 

[B-Man]

 

 

 

NOT ALL OF THE ECONOMY IS TANKING: 

 

October Gun Sales 30 Percent Above Pre-Pandemic Levels.

 

https://www.shootingillustrated.com/content/october-gun-sales-30-percent-above-pre-pandemic-levels/

 

 

 

It's a perfect "Let's Go Brandon"  moment.

 

 

[Doc]

Yeah, but can you get ammo?

[ALF]

Pandemic causing massive retirements especially truck drivers, most products outsourced tied up in container ships outside ports. 

 

Should give big incentives to retired truckers to train new drivers who should be paid to learn. The supply chain will be broke till new workers can step in. The buck does stop with democrats who will get the blame in 22 and 24 if they can't solve inflation and supply shortage. 

[Dr.Sack]

Trump is my favorite populist socialist President. Trump gave me a bigger stimulus check than Biden did. Biden lied - said $2,000 only got $1,400. Trump also instituted free healthcare during covid. And free jabs. Biden would have never done that, Trump forced his hand.
 

Trump also gave millions of business owners checks to the tune of $4 trillion. This was the largest upwards transfer of wealth in US history. A rising tide lifts all boats, remember?

 

Meanwhile we are waiting for the trickle up. The ensuing inflation is necessary to justify and prevent failing prices so we don’t see baby boom wealth deflate. Do we really want McMansions falling in value? Don’t your kids deserve to inherit a $1 million house and not a $250k house? 
 

So what if a few FED presidents, Pelosi & and GOP members made a few hundred million front running stock trades? Corruption is a part of the economy. Greed is good. 
 

As Biden privately promised donor class “nothing will fundamentally change.” Except no more Trump socialism.  

[Over 29 years of fanhood]

Biden just gave his opponents the net election sound byte they need where he explains how his policies contributed to inflation..  

 

https://www.google.com/amp/s/www.dailymail.co.uk/news/article-10189663/amp/Supply-chain-dummies-Biden-spells-reason-shortages.html

[Irv]

 

56 minutes ago, Over 29 years of fanhood said:

Biden just gave his opponents the net election sound byte they need where he explains how his policies contributed to inflation..  

 

https://www.google.com/amp/s/www.dailymail.co.uk/news/article-10189663/amp/Supply-chain-dummies-Biden-spells-reason-shortages.html

 

Demented Biden and his communist buddies' "America Last" agenda pushes inflation to 30 year high.  Nice work losers. 

  

 

Edited November 11, 2021 by Irv

[ALF]

Saw this sticker at the gas pump

 

https://www.amazon.com/100Pcs-Biden-Funny-Stickers-Funny-Thats/dp/B09DV288RM

 

Biden listening to progressives and green energy will cost Democrats in 22 and 24 big time.

[Over 29 years of fanhood]

9 minutes ago, ALF said:

Saw this sticker at the gas pump

 

https://www.amazon.com/100Pcs-Biden-Funny-Stickers-Funny-Thats/dp/B09DV288RM

 

Biden listening to progressives and green energy will cost Democrats in 22 and 24 big time.

Along the same lines

 

https://www.washingtonexaminer.com/policy/controversial-biden-bank-nominee-said-we-want-oil-and-gas-companies-to-go-bankrupt

 

Quote

“A lot of the smaller players in that industry are going to, probably, go bankrupt in short order — at least, we want them to go bankrupt if we want to tackle climate change,” 

 

Why is someone in this position rooting for business bankruptcy?? Modernization, transition to alternatives…. Anything more appropriate please….
 

It’s a 100% authoritarian message

 

 

[ALF]

Americans have never been in so much debt

 

Between July and September, US household debt climbed to a new record of $15.24 trillion, the Federal Reserve Bank of New York said Tuesday.

It was an increase of 1.9%, or $286 billion, from the second quarter of the year.
"As pandemic relief efforts wind down, we are beginning to see the reversal of some of the credit card balance trends seen during the pandemic," such as lower spending in favor of paying down debt balances, said Donghoon Lee, research officer at the New York Fed.

 

https://www.cnn.com/2021/11/09/economy/fed-household-debt-inflation/index.html

 

 

[ALF]

Angry about gas prices? Blame Wall Street

 

If you're looking for someone to blame for high gas prices, we're here to help. Hint: It's not President Biden.

Here's the deal: Gasoline prices have surged to seven-year highs and are likely to keep climbing. But, as my colleague Matt Egan writes, American oil companies are in no rush to loosen the spigots anytime soon. Why? Shareholders have cajoled oil companies to finally live within their means.

 

Even though US oil prices have surged by more than 65% this year, US oil production is about 14% below where they were at the end of 2019.

So basically: Blame Wall Street. Oil and gas companies aren't producing more because they're focused on returning cash to shareholders.

 

https://www.cnn.com/2021/11/12/business/oil-gas-biden-portugal-tesla-nightcap/index.html

[Doc]

Doesn't matter.  Joey gets the blame.  That's how it works.

Edited November 12, 2021 by Doc