Jobs

[SectionC3]

Lots created under the Biden administration.  Market is going up.  Inflation forecasts going down.  Looks pretty good to me.  So good that MAGA has yet to come up with a marginally believable hoax as to why it’s bad. 

[John from Riverside]

1 minute ago, SectionC3 said:

Lots created under the Biden administration.  Market is going up.  Inflation forecasts going down.  Looks pretty good to me.  So good that MAGA has yet to come up with a marginally believable hoax as to why it’s bad. 

They’re willing to buy anything as long as it matches their feelings, so that’s not a problem
 

The problem comes at the ballot box because they have convinced enough people that voting is a waste of time now they’re gonna try to tell you vote, but it might be stolen that is going to eat itself

[LeviF]

“Line went up guys, that means that your grocery bill is lying to you!”

[ExiledInIllinois]

3 hours ago, LeviF said:

“Line went up guys, that means that your grocery bill is lying to you!”

And waistlines should be going down!

 

Ain't that a good thing! 

5 hours ago, SectionC3 said:

Lots created under the Biden administration.  Market is going up.  Inflation forecasts going down.  Looks pretty good to me.  So good that MAGA has yet to come up with a marginally believable hoax as to why it’s bad. 

[BillsFanNC]

Hoax

[Tommy Callahan]

 

[SectionC3]

13 hours ago, LeviF said:

“Line went up guys, that means that your grocery bill is lying to you!”

That's capitalism, sorry to say.  

[LeviF]

6 minutes ago, SectionC3 said:

That's capitalism, sorry to say.  

Capitalism is when you let in unlimited third worlders and print shitloads of money to drive down everyone else’s buying power. 

[SectionC3]

7 hours ago, LeviF said:

Capitalism is when you let in unlimited third worlders and print shitloads of money to drive down everyone else’s buying power. 

Sounds an awful lot like the Trump administration.  He never got his border control plans enacted, lots of work for the printing machines, and an exploding national debt.  

[LeviF]

1 hour ago, SectionC3 said:

Sounds an awful lot like every  administration since the 60s.  He never got his border control plans enacted, lots of work for the printing machines, and an exploding national debt.  

Fixed it for you. And that’s because of legislation. 

[Precision]

Per the BLS roughly 25% of all job growth was through workers added to federal government payrolls.  A trend that is not only unsustainable but irresponsible given the current $1.5 trillion-dollar federal deficit.  Additionally, 28,000 workers were added last month due to the end of the UAW strike.  The remaining of last month's job additions were primarily in health care and leisure/hospitality.

 

U.S. Bureau of Labor Statistics - Employment Situation Summary, December 8, 2023

• "Government employment increased by 49,000 in November, in line with the average monthly gain of 55,000 over the prior 12 months."
• "Employment in manufacturing rose by 28,000 in November, reflecting an increase of 30,000 in motor vehicles and parts as workers returned from a strike. Employment in manufacturing has shown little net change over the year."

• "Health care added 77,000 jobs, above the average monthly gain of 54,000 over the prior 12 months. Over the month, job gains continued in ambulatory health care services (+36,000), hospitals (+24,000), and nursing and residential care facilities (+17,000)."

• "Employment in leisure and hospitality continued to trend up (+40,000), almost entirely in food services and drinking places. Leisure and hospitality had added an average of 51,000 jobs per month over the prior 12 months."

 

Median household income adjusted for inflation is still down from $79,890 in 2020 to $76,588 as of October 2023.     

 

 

 

 

 

[K D]

10 hours ago, SectionC3 said:

That's capitalism, sorry to say.  

Oof this comment shows you have little understanding of economics and how the Fed printing money results in inflation (hidden tax on everyone). Please read "The Creature from Jekyll Island."

On 12/8/2023 at 7:42 PM, SectionC3 said:

Lots created under the Biden administration.  Market is going up.  Inflation forecasts going down.  Looks pretty good to me.  So good that MAGA has yet to come up with a marginally believable hoax as to why it’s bad. 

[SectionC3]

2 hours ago, KDIGGZ said:

Oof this comment shows you have little understanding of economics and how the Fed printing money results in inflation (hidden tax on everyone). Please read "The Creature from Jekyll Island."

I’m the one who doesn’t understand?  The fed always prints money.  Always.  Look it up.  It’s hardly a Biden administration issue.  And the idea that we wouldn’t have inflation after a year of pent up demand and limited supply (thank you, Trump,  for mangling the pandemic) is deluded.  Inflation unfortunately was sticky because it turns out people really need a lot of those

stickier items (like food) and in free market United States economy the federal government couldn’t command price corrections, 

[K D]

9 hours ago, SectionC3 said:

I’m the one who doesn’t understand?  The fed always prints money.  Always.  Look it up.  It’s hardly a Biden administration issue.  And the idea that we wouldn’t have inflation after a year of pent up demand and limited supply (thank you, Trump,  for mangling the pandemic) is deluded.  Inflation unfortunately was sticky because it turns out people really need a lot of those

stickier items (like food) and in free market United States economy the federal government couldn’t command price corrections, 

That's incorrect and you would know that if you had an economics degree (like I do) or read that book I suggested (great book you will like it). This is not a political discussion. I'm not a Trump supporter and this is bigger than either party.

 

Long story short, one of the greatest economists in history proved what you said is not true and won the Nobel prize in economics for it. Because we live in a country where we print our own money on demand, the normal rules of a free market economy do not apply when it comes to inflation.

 

Milton Friedman: 

"Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” Of course, we all know the driver of the quantity of money is government spending priorities, and recently the government has been spending more than ever in history!

 

CNN and the White House (in lock-step like a state run media) will say it's a number of factors including pandemic, supply issues, Russia, energy, greedy businesses etc. Friedman - "But none of them produce inflation for the very simple reason that neither the businessman, nor the trade union, nor the housewife has a printing press in their basement on which they can turn out those green pieces of paper we call money."

 

Our politicians have little incentive to not spend ridiculous amounts of money and fund foreign wars. Their supporters praise them for it. Both sides have done it, but under Joe we have never seen anything like this. Socialism is expensive and the only solution they have had is to print more money to pay for it. Thus INFLATION. Every time they pass a "save the environment" bill that has nothing to do with the environment and has a million other spends added to it, you are the one paying for it through inflation! It's not a win. We all lose...

[BillStime]

Can’t help but laugh at these nutters talking about job growth. 
 

 

 

[TSOL]

26 minutes ago, BillStime said:

Can’t help but laugh at these nutters talking about job growth. 
 

 

 

 

 

You realize that nobody takes your phoney baloney job chart seriously because you guys lie about everything. Even basic sh1t like a person's gender. 

 

You Dems are so fake it's really just gross 

[SectionC3]

2 hours ago, KDIGGZ said:

That's incorrect and you would know that if you had an economics degree (like I do) or read that book I suggested (great book you will like it). This is not a political discussion. I'm not a Trump supporter and this is bigger than either party.

 

Long story short, one of the greatest economists in history proved what you said is not true and won the Nobel prize in economics for it. Because we live in a country where we print our own money on demand, the normal rules of a free market economy do not apply when it comes to inflation.

 

Milton Friedman: 

"Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” Of course, we all know the driver of the quantity of money is government spending priorities, and recently the government has been spending more than ever in history!

 

CNN and the White House (in lock-step like a state run media) will say it's a number of factors including pandemic, supply issues, Russia, energy, greedy businesses etc. Friedman - "But none of them produce inflation for the very simple reason that neither the businessman, nor the trade union, nor the housewife has a printing press in their basement on which they can turn out those green pieces of paper we call money."

 

Our politicians have little incentive to not spend ridiculous amounts of money and fund foreign wars. Their supporters praise them for it. Both sides have done it, but under Joe we have never seen anything like this. Socialism is expensive and the only solution they have had is to print more money to pay for it. Thus INFLATION. Every time they pass a "save the environment" bill that has nothing to do with the environment and has a million other spends added to it, you are the one paying for it through inflation! It's not a win. We all lose...

You should know with that economics degree that Friedman actually believed that persistent inflation is a printing phenomenon.  He also believed that supply issues could cause short term inflation.  And, of course, he was dead long before the pandemic, which is a black swan in many ways, including in its effect upon supply and demand. 

[TSOL]

9 minutes ago, SectionC3 said:

You should know with that economics degree that Friedman actually believed that persistent inflation is a printing phenomenon.  He also believed that supply issues could cause short term inflation.  And, of course, he was dead long before the pandemic, which is a black swan in many ways, including in its effect upon supply and demand. 

 

 

Hoax.

 

Milking that pandemic data to make excuses for glass joe's DOA economy 

[BillStime]

1 hour ago, TSOL said:

 

 

You realize that nobody takes your phoney baloney job chart seriously because you guys lie about everything. Even basic sh1t like a person's gender. 

 

You Dems are so fake it's really just gross 

Then, prove it wrong cupcake 

[TSOL]

23 minutes ago, BillStime said:

Then, prove it wrong cupcake 

 

 

I don't have to, you're a proven liar