Quote Originally Posted by thirdperson: Quote Originally Posted by UNIMAN: According to the White House, 15 million jobs have been created since Biden took office. However, most of those jobs were recovered after the COVID-19-related lockdowns ended. They were not newly created jobs. in Trump’s first three years, total employment rose by 6.33 million, but unlike with Biden, nearly all of those jobs were full-time positions. Misleading to not acknowledge job losses under Trump while shifting all the employment damage from pandemic to Biden. Politifact rates false Trump's claim of more jobs creation during first 30 months.
@thirdperson
Word!
BTW, what is our UNemployment rate now?!
@fubah2
last check was 3.9 %
26 months under 4.0
"I'm the MOST HONEST HUMAN BEING that God has EVER created!!" - Donald Trump
0
Quote Originally Posted by fubah2:
Quote Originally Posted by thirdperson: Quote Originally Posted by UNIMAN: According to the White House, 15 million jobs have been created since Biden took office. However, most of those jobs were recovered after the COVID-19-related lockdowns ended. They were not newly created jobs. in Trump’s first three years, total employment rose by 6.33 million, but unlike with Biden, nearly all of those jobs were full-time positions. Misleading to not acknowledge job losses under Trump while shifting all the employment damage from pandemic to Biden. Politifact rates false Trump's claim of more jobs creation during first 30 months.
Quote Originally Posted by UNIMAN: According to the White House, 15 million jobs have been created since Biden took office. However, most of those jobs were recovered after the COVID-19-related lockdowns ended. They were not newly created jobs. in Trump’s first three years, total employment rose by 6.33 million, but unlike with Biden, nearly all of those jobs were full-time positions. Misleading to not acknowledge job losses under Trump while shifting all the employment damage from pandemic to Biden. Politifact rates false Trump's claim of more jobs creation during first 30 months. Bureau of labor statistics reports 5.2 million new jobs under Trump and 13.2 million new jobs under Biden. Now total employment is higher than before the pandemic. According to International labor organization, there has been little change in US percentage of part time workers in total employment. Under Trump, 26% to 29% part time from 2017 to 2020. Under Biden, 26% part time from 2021 to 2023. Fact is Trump has the worst jobs record in modern US history. He is trying to cover up his disastrous record.
Reminds me of Nancy Pelosi getting schooled by Katy Tur at MSNBC of all places when Pelosi claimed Trump had a terrible job record.
1
Quote Originally Posted by thirdperson:
Quote Originally Posted by UNIMAN: According to the White House, 15 million jobs have been created since Biden took office. However, most of those jobs were recovered after the COVID-19-related lockdowns ended. They were not newly created jobs. in Trump’s first three years, total employment rose by 6.33 million, but unlike with Biden, nearly all of those jobs were full-time positions. Misleading to not acknowledge job losses under Trump while shifting all the employment damage from pandemic to Biden. Politifact rates false Trump's claim of more jobs creation during first 30 months. Bureau of labor statistics reports 5.2 million new jobs under Trump and 13.2 million new jobs under Biden. Now total employment is higher than before the pandemic. According to International labor organization, there has been little change in US percentage of part time workers in total employment. Under Trump, 26% to 29% part time from 2017 to 2020. Under Biden, 26% part time from 2021 to 2023. Fact is Trump has the worst jobs record in modern US history. He is trying to cover up his disastrous record.
Reminds me of Nancy Pelosi getting schooled by Katy Tur at MSNBC of all places when Pelosi claimed Trump had a terrible job record.
A spending package to slow inflation is the exact opposite of how you slow inflation. I think it was just a clever catch phrase at the time but the mechanics of spending to slow inflation make no sense. To slow inflation you have two paths, one is to slow consumption and that is the demand side approach. US consumers are gluttonous pigs who cannot slow consumption, we are crack addicts on purchasing tech and new new new so I dont know how outside a massive recession, not a little one a massive one, that consumption will slow. The second is the supply side and that is to make the cost of supply lower and corps partially pass that off to the consumer. Usually that can be done by innovation and efficiencies thats the best way but it is also done via government handouts as subsidies. So anyone wonder how milk is cheaper today than decades ago? That is farmer subsidies so if you want lower consumer prices then you tax the consumer and take those taxes to bribe farmers to purchase massive equipment so they can cut costs and some farm equip company like Deer can make big bucks profits. In the end that cheap milk costs more via taxes than if you paid market rate which is probably 5x supermarket prices. So since consumers cant stop their addiction the real solution to lower inflation is lower rates so corps can expand supply and subsidies or tech subsides for innovation. Only so many options to solve a supply/demand equation.
Pretty much says it like it is.
IMO, there are times we need subsidies to save an American industry but they should be shorter lived. They are not because we get "addicted" to them and no politician wants to be the bad guy and vote to remove them. And there's always someone making a buck from govt decisions.
1
Quote Originally Posted by wallstreetcappers:
A spending package to slow inflation is the exact opposite of how you slow inflation. I think it was just a clever catch phrase at the time but the mechanics of spending to slow inflation make no sense. To slow inflation you have two paths, one is to slow consumption and that is the demand side approach. US consumers are gluttonous pigs who cannot slow consumption, we are crack addicts on purchasing tech and new new new so I dont know how outside a massive recession, not a little one a massive one, that consumption will slow. The second is the supply side and that is to make the cost of supply lower and corps partially pass that off to the consumer. Usually that can be done by innovation and efficiencies thats the best way but it is also done via government handouts as subsidies. So anyone wonder how milk is cheaper today than decades ago? That is farmer subsidies so if you want lower consumer prices then you tax the consumer and take those taxes to bribe farmers to purchase massive equipment so they can cut costs and some farm equip company like Deer can make big bucks profits. In the end that cheap milk costs more via taxes than if you paid market rate which is probably 5x supermarket prices. So since consumers cant stop their addiction the real solution to lower inflation is lower rates so corps can expand supply and subsidies or tech subsides for innovation. Only so many options to solve a supply/demand equation.
Pretty much says it like it is.
IMO, there are times we need subsidies to save an American industry but they should be shorter lived. They are not because we get "addicted" to them and no politician wants to be the bad guy and vote to remove them. And there's always someone making a buck from govt decisions.
Quote Originally Posted by fubah2: Quote Originally Posted by thirdperson: Quote Originally Posted by UNIMAN: According to the White House, 15 million jobs have been created since Biden took office. However, most of those jobs were recovered after the COVID-19-related lockdowns ended. They were not newly created jobs. in Trump’s first three years, total employment rose by 6.33 million, but unlike with Biden, nearly all of those jobs were full-time positions. Misleading to not acknowledge job losses under Trump while shifting all the employment damage from pandemic to Biden. Politifact rates false Trump's claim of more jobs creation during first 30 months. @thirdperson Word! BTW, what is our UNemployment rate now?!
@fubah2 last check was 3.9 % 26 months under 4.0
@KellyM_1964
UNprecedented modern era string of unemployment success!
2
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2: Quote Originally Posted by thirdperson: Quote Originally Posted by UNIMAN: According to the White House, 15 million jobs have been created since Biden took office. However, most of those jobs were recovered after the COVID-19-related lockdowns ended. They were not newly created jobs. in Trump’s first three years, total employment rose by 6.33 million, but unlike with Biden, nearly all of those jobs were full-time positions. Misleading to not acknowledge job losses under Trump while shifting all the employment damage from pandemic to Biden. Politifact rates false Trump's claim of more jobs creation during first 30 months. @thirdperson Word! BTW, what is our UNemployment rate now?!
@fubah2 last check was 3.9 % 26 months under 4.0
@KellyM_1964
UNprecedented modern era string of unemployment success!
Quote Originally Posted by KellyM_1964: Quote Originally Posted by fubah2: Quote Originally Posted by thirdperson:
Misleading to not acknowledge job losses under Trump while shifting all the employment damage from pandemic to Biden. Politifact rates false Trump's claim of more jobs creation during first 30 months.
@thirdperson Word! BTW, what is our UNemployment rate now?!
@fubah2 last check was 3.9 % 26 months under 4.0
@KellyM_1964 UNprecedented modern era string of unemployment success!
We'll see tomorrow if that string is extended another month......
0
Quote Originally Posted by fubah2:
Quote Originally Posted by KellyM_1964: Quote Originally Posted by fubah2: Quote Originally Posted by thirdperson:
Misleading to not acknowledge job losses under Trump while shifting all the employment damage from pandemic to Biden. Politifact rates false Trump's claim of more jobs creation during first 30 months.
@thirdperson Word! BTW, what is our UNemployment rate now?!
@fubah2 last check was 3.9 % 26 months under 4.0
@KellyM_1964 UNprecedented modern era string of unemployment success!
We'll see tomorrow if that string is extended another month......
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