zappasguitar
Well-known member
More evidence that the GOP truly does put party before country.
528,000 jobs added in July
- Thread starter Cypress
- Start date
More evidence that the GOP truly does put party before country.
PoliTalker
Diversity Makes Greatness
Hello ZappasGuitar,
Support for the Big Lie and Trump is the litmus test.
Many know that Trump is a con man, but they support him anyway because it keeps the Republican party in power.
They deal with the guilt of it quite easily. Just use denial! Nip guilt in the bud. No pesky feelings of having been unpatriotic to America or the Constitution at all - works like a charm. And if they are still left with some doubt, simply heap on a lotta conspiracy theory lies about Biden and Democrats being 'so horrible they would destroy America.'
The Republican party is like a bad habit that people just can't shake.
Support for the Big Lie and Trump is the litmus test.
Many know that Trump is a con man, but they support him anyway because it keeps the Republican party in power.
They deal with the guilt of it quite easily. Just use denial! Nip guilt in the bud. No pesky feelings of having been unpatriotic to America or the Constitution at all - works like a charm. And if they are still left with some doubt, simply heap on a lotta conspiracy theory lies about Biden and Democrats being 'so horrible they would destroy America.'
The Republican party is like a bad habit that people just can't shake.
evince
Truthmatters
Translated>China virus handout $$$$ ending.
Says the guy who swore the bush economy was great right before everything crashed
Stringfellow Hawk
Member
seasonal summer workers always boost July reports, big whoop
evince
Truthmatters
And possible indictments of trump and friends from a couple of areas
Larry Kudlow, Trump's economic advisor, predicted on Thursday that the jobs report would only show an anemic
100k jobs added
BartenderElite
Verified User
They build that into projections. This report blew projections away.
Not sure why anyone needs to talk it down. This is good news for the economy.
The economic numbers are all over the map, and the bad ones are have obvious problems in them. We might be in a minor recession, but that is just a might. There is no way we are in a major recession.
A "recession" where there are too many jobs, and not enough workers... We need more recessions like that.
Let us assume you are right. Benefits ran out over a year ago, so maybe some people were hanging on, not working, and not spending. That could have caused a minor recession in the first half of this year. Now they might be getting jobs, and we might see some nice growth...
Just in time for the midterm elections.
Note to Wally, click my original link. The China Virus $$$$ is just now starting to run out.
zappasguitar
Well-known member
You mean this link?
https://www.cnn.com/2021/09/06/poli...fits-ending-explained-what-matters/index.html
The link to a nearly YEAR OLD article that says enhanced unemployment benefits or "China virus $$$" as you put it, had ended as of last summer?
The article that DISPROVES your claim that the benefits are JUST NOW starting to run out?
China virus money is still flowing into states and the agency I work for cannot spend it fast enough. People are still working three days/week and getting paid for five.
Stringfellow Hawk
Member
thats pretty anemic
Stringfellow Hawk
Member
they do not build that into projections, the economy still sucks with higher inflation every month
Mott the Hoople
Sweet Jane
Lessons learned from the Nixon era of stagflation. This why I believe in a mixture of Keynesian and Monetarist economic policy instead of the Supply Side Voodoo Economics or Bernie Brothers brand of socialism (though I do willingly admit there are times and situations where socialism is warranted.).
It is indeed an odd situation. Inflation is cutting into standards of living and GDP Growth has declined for two consecutive fiscal quarters which is the technical definition of a short term recession.
Yet unemployment is low and new hiring and wage growth have increased. Corporations are making increased profits but volatility has hit stocks hard.
My anecdotal observation is that small businesses are taking it in the ass. Particularly in the service sector where times have been rough.
Yet the corporate world seems to being well. I received a significant pay raise at the start of the year and a promotion, in which that opportunity became available due to business growth, not to mention my annual bonus was almost double what I normally receive. The misses earned a substantial raise too.
My stock portfolio went south but the increase in my house valuation offset that loss entirely. In addition I’m still working from home so gasoline inflation has had a very minor impact on my cost of living.
As you said it’s a really odd situation but my guess is we will more than likely see a recovery in GDP growth and we have seen some evidence that a decline in inflation has started. To early to tell yet. It’s really confusing as seeing solid improvement in some metrics and significant declines in others shouldn’t be happening at the same time.
I think we’re seeing a long term readjustment on investing in manufacturing and trade as a lot of businesses have learned the hard way what the risks of overextending your supply chain and logistics. As each month goes by we’re seeing a gradual improvement from the post COVID Supply chain mess. Though that may take longer than we would like the fact that it’s forcing economic investment at home will be worth the pain.
But yea…odd, odd, odd.
cawacko
Well-known member
Since you mentioned monetary policy the Fed is arguably the biggest driver of economic inequality in this country. If I’m reading your post correctly you are praising Fed actions. Curious what you like about it?
Mott the Hoople
Sweet Jane
I wouldn’t exactly call increasing interest rates as something praise worth so much as doing there job. I would also argue that The Fed hasn’t been the main driver of inequality. That title belongs to 30+ years of supply side policies.
Mott the Hoople
Sweet Jane
BTW, I haven’t seen you in a while (hope all is well with you and family) but WTF! USC and UCLA in the Big Ten? It just seems sooooo wrong. I don’t mean that in a pejorative manner either.
I mean what’s next? Notre Dame joining the Big 10? If that were to happen my father would roll in his grave.