Tommy Callahan Posted August 20 Posted August 20 Media lied about Biden. Lied about jobs. What else Journalistic integrity is on a sliding scale now. 1 1
Starr-Bills Posted August 20 Posted August 20 5 hours ago, Tommy Callahan said: LMAO. Did you mean that. Equity is you sharing your moms house with homeless, no matter if your couch surfing the basement or not. Cause the dems are running on Supply side, not demand side. Huge stimuluses to control and create sectors. picking and choosing. Almost all for the fortune 500 and PACS that get them in power. Demand side is lower taxes and lower regulation. putting the power of the economy in people's hands. you kinda proved my point. What? supply side, economics. demand side economics 1
B-Man Posted August 21 Posted August 21 Keep ignoring / deflecting from this news. You can't defend Biden/Harris with this one Fed Confronts Up to a Million US Jobs Vanishing in Revision https://www.bloomberg.com/news/articles/2024-08-20/fed-confronts-up-to-a-million-us-jobs-vanishing-in-revision?embedded-checkout=true
RiotAct Posted August 21 Posted August 21 2 minutes ago, B-Man said: Keep ignoring / deflecting from this news. You can't defend Biden/Harris with this one Fed Confronts Up to a Million US Jobs Vanishing in Revision https://www.bloomberg.com/news/articles/2024-08-20/fed-confronts-up-to-a-million-us-jobs-vanishing-in-revision?embedded-checkout=true but dude, we have to save democracy!!! 1
B-Man Posted August 21 Posted August 21 DOG BITES MAN: Yup, the Biden-Harris Administration Cooked the Jobs Books. “Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s preliminary benchmark revisions on Wednesday to show payrolls growth in the year through March was at least 600,000 weaker than currently estimated — about 50,000 a month.” https://pjmedia.com/matt-margolis/2024/08/20/yup-the-biden-harris-administration-cooked-the-jobs-books-n4931821 1 1 1 1
The Frankish Reich Posted August 21 Posted August 21 16 hours ago, Starr-Bills said: What? supply side, economics. demand side economics Thank you. Our friend has no idea what he's talking about. He spends most of his time criticizing Democrats for using standard the standard Keynesian demand pumps (not that he knows these terms) to drive spending and economic growth, only to pay the price with increased inflation in due course. But he says the Trumpists will focus on the demand side. 1 1
Tommy Callahan Posted August 21 Posted August 21 But trust the ones that provided this data. And revise it every month. And parrot it as a sign of a strong economy. It's all lies, smoke and mirrors with this disaster of an administration 1
The Frankish Reich Posted August 21 Posted August 21 1 minute ago, Tommy Callahan said: But trust the ones that provided this data. And revise it every month. And parrot it as a sign of a strong economy. It's all lies, smoke and mirrors with this disaster of an administration A Nixonian among us. https://en.wikipedia.org/wiki/Nixon_Jew_count#:~:text=The "Nixon Jew count" of,of Labor Statistics (BLS).
Tommy Callahan Posted August 21 Posted August 21 (edited) 3 hours ago, Tommy Callahan said: But trust the ones that provided this data. And revise it every month. And parrot it as a sign of a strong economy. It's all lies, smoke and mirrors with this disaster of an administration Ugh. Intentional? 3 hours ago, The Frankish Reich said: A Nixonian among us. https://en.wikipedia.org/wiki/Nixon_Jew_count#:~:text=The "Nixon Jew count" of,of Labor Statistics (BLS). Edited August 21 by Tommy Callahan Frank is simple
ScotSHO Posted August 21 Posted August 21 13 minutes ago, The Frankish Reich said: A Nixonian among us. https://en.wikipedia.org/wiki/Nixon_Jew_count#:~:text=The "Nixon Jew count" of,of Labor Statistics (BLS). 818,000. That's a lot of oopsies. Sorry, eh as the Canucks would say. 1
Tommy Callahan Posted August 21 Posted August 21 (edited) 4 minutes ago, ScotSHO said: 818,000. That's a lot of oopsies. Sorry, eh as the Canucks would say. And that's on top of the monthly revision down, a month after they release them. It's like unemployment, the economy and inflation are really as bad as the people (not talking heads and their parrots) say. Remove the cities not reporting gun violence to the FBI and you got another one of their outright manipulating of data for politics. Eff the victims of it. It's about keeping control. Edited August 21 by Tommy Callahan Dems only goal is power. That's it 2 1 1
Starr-Bills Posted August 21 Posted August 21 A Labor Department report showed an estimate for total payroll employment between April 2023 and March 2024 was lowered by 818,000, a 0.5% drop from what was originally reported for the period, as the central bank gears up to start cutting interest rates in September. Sound terrible. 0.5%. Stock market reacts positively, and fed is still planning on cutting rates. Think of all those jobs created if they boarder bill had passed, thousands of boarder agents and the knock on economic effect, good thing it was killed to give the felon a win. sigh.
The Frankish Reich Posted August 21 Posted August 21 This explains the revisions and why they happen. No conspiracy. No diabolical plot to make things look better or worse. Could this revision be explained in part by recent immigrants employment? I'd have to research that, but given the difference in the two surveys that result in the revisions, I'm guessing the answer is yes. https://www.epi.org/blog/outrageous-attack-bls/ 1
Tommy Callahan Posted August 21 Posted August 21 (edited) 8 minutes ago, Starr-Bills said: A Labor Department report showed an estimate for total payroll employment between April 2023 and March 2024 was lowered by 818,000, a 0.5% drop from what was originally reported for the period, as the central bank gears up to start cutting interest rates in September. Sound terrible. 0.5%. Stock market reacts positively, and fed is still planning on cutting rates. Think of all those jobs created if they boarder bill had passed, thousands of boarder agents and the knock on economic effect, good thing it was killed to give the felon a win. sigh. Of course they would. Lower rates would be huge for the fortune 500 Not so much for the people struggling with inflation Like I said before. They talk nice. But they don't give a rats about the victims of the crime or the victims of their horrific policies . How many missing kids from the border. Unemployment data fudged to make Biden look better not reporting criminals to ice making Americans less safe and more victims. Not reporting gun crime to the FBI. Creating more victims. Massive stimulus to the fortune 500, and more homeless every day. Edited August 21 by Tommy Callahan Dems are tools
The Frankish Reich Posted August 21 Posted August 21 1 minute ago, Tommy Callahan said: Of course they would. Lower rates would be huge for the fortune 500 Not so much for the people struggling with inflation Yeah, lower rates = lower monthly payments for people with credit card debt. Lower rates = lower mortgage payments for people buying a house or refinancing. Who would want that? Honestly, you need to read up on some basic economics and take a break from these threads until you're up to speed. 1 1
Tommy Callahan Posted August 21 Posted August 21 (edited) 2 minutes ago, The Frankish Reich said: Yeah, lower rates = lower monthly payments for people with credit card debt. Lower rates = lower mortgage payments for people buying a house or refinancing. Who would want that? Honestly, you need to read up on some basic economics and take a break from these threads until you're up to speed. Perception dictates reality. Your only looking at it from your angle Fixed, working , middle , poor are struggling with cost. How would that help them Edited August 21 by Tommy Callahan Frank is a moron on levels
Starr-Bills Posted August 21 Posted August 21 7 minutes ago, Tommy Callahan said: Of course they would. Lower rates would be huge for the fortune 500 Not so much for the people struggling with inflation Like I said before. They talk nice. But they don't give a rats about the victims of the crime or the victims of their horrific policies . How many missing kids from the border. Unemployment data fudged to make Biden look better not reporting criminals to ice making Americans less safe and more victims. Not reporting gun crime to the FBI. Creating more victims. Massive stimulus to the fortune 500, and more homeless every day. But you pro free market and against price gouging legislation. Which is it?
The Frankish Reich Posted August 21 Posted August 21 Just now, Tommy Callahan said: Perception dictates reality. Your only looking at it from the well off aspect. Fixed, working , middle , poor are struggling with cost. How would that help them Did you read the part about credit card debt? Borrowing costs in general? Because in general, the better off you are, the less debt you have. I'm fortunate. I've worked hard and steadily for a long time. I was able to save money for retirement. I don't have any debt. I am able to invest basically risk-free at about a 5% interest rate now. Rates go down, all of a sudden I'm not doing so well. Interest rate cuts will probably hurt me. But they will probably help a younger version of me, financing a car, upgrading to a better home thanks to a lower interest rate, lowering my monthly payments on the credit card debt I'm trying to get rid of, etc. 1
Roundybout Posted August 21 Posted August 21 Not great news, but jobs still continued to increase and it looked like the S&P priced this revision in. I’d expect rate cuts from the Fed in September. 1
K D Posted August 21 Posted August 21 6 minutes ago, The Frankish Reich said: Did you read the part about credit card debt? Borrowing costs in general? Because in general, the better off you are, the less debt you have. I'm fortunate. I've worked hard and steadily for a long time. I was able to save money for retirement. I don't have any debt. I am able to invest basically risk-free at about a 5% interest rate now. Rates go down, all of a sudden I'm not doing so well. Interest rate cuts will probably hurt me. But they will probably help a younger version of me, financing a car, upgrading to a better home thanks to a lower interest rate, lowering my monthly payments on the credit card debt I'm trying to get rid of, etc. Lol uhh what? Have you been listening to Dave Ramsey? Debt is how you get rich. You use other people's money to leverage. The richest people have by far the most debt. Elon Musk probably has more debt than entire countries. 1
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