Gas prices down, jobs up

B

BartenderElite

Verified User
But Biden is a disaster, right?

Economists think inflation is going to start ticking down as well. The fodder that conservatives were planning on for the mid-terms is rapidly disappearing. The idea that Biden has failed is going to be a tough case to make while things are getting better for most Americans.

And on the flip side, the "alternative" that Republicans are offering is being highlighted by the 1/6 hearings, the Alex Jones trial, Roe being overturned and election deniers winning primaries. Most voters just aren't interested in that rabbit hole.
 
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BartenderElite said:
But Biden is a disaster, right?

Economists think inflation is going to start ticking down as well. The fodder that conservatives were planning on for the mid-terms is rapidly disappearing. The idea that Biden has failed is going to be a tough case to make while things are getting better for most Americans.

And on the flip side, the "alternative" that Republicans are offering is being highlighted by the 1/6 hearings, the Alex Jones trial and election deniers winning primaries. Most voters just aren't interested in that rabbit hole.
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Gas prices have dropped, which is great, but they are still very high. And a big part of the reason they have dropped is because demand slowed due to the high prices and fear of recession. As I understand it producers have been running at close to full capacity so there's not a lot of extra supply sitting there. Someone better versed in the industry than I can speak to this but my understanding is some of the refineries have to be taken off line periodically to be worked on, which could happen this fall, which hurts supply. Point being it's no guarantee that prices won't go back up.

More jobs are great (they are also a lagging economic indicator but that is a separate discussion) but if inflation is making people (feel) poorer then they aren't exactly in a celebratory mood.

To get the very low approval ratings Biden has takes far more than just Republicans disliking his job performance.
 
cawacko said:
Gas prices have dropped, which is great, but they are still very high. And a big part of the reason they have dropped is because demand slowed due to the high prices and fear of recession. As I understand it producers have been running at close to full capacity so there's not a lot of extra supply sitting there. Someone better versed in the industry than I can speak to this but my understanding is some of the refineries have to be taken off line periodically to be worked on, which could happen this fall, which hurts supply. Point being it's no guarantee that prices won't go back up.

More jobs are great (they are also a lagging economic indicator but that is a separate discussion) but if inflation is making people (feel) poorer then they aren't exactly in a celebratory mood.

To get the very low approval ratings Biden has takes far more than just Republicans disliking his job performance.
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Things are trending better. Considering Biden hasn't even had 2 full years, one could at minimum draw a conclusion that he's not actively screwing up the economy.

Gas prices have been a mantra for the Republicans - it's really one of the cornerstones of their campaign. Any movement in a positive direction weakens that.
 
BartenderElite said:
But Biden is a disaster, right?

Economists think inflation is going to start ticking down as well. The fodder that conservatives were planning on for the mid-terms is rapidly disappearing. The idea that Biden has failed is going to be a tough case to make while things are getting better for most Americans.

And on the flip side, the "alternative" that Republicans are offering is being highlighted by the 1/6 hearings, the Alex Jones trial, Roe being overturned and election deniers winning primaries. Most voters just aren't interested in that rabbit hole.
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he is a fucking disaster, he has slid to 1 out 5 on these important metrics vs Trump

https://www.factsarefirst.com/comparison/joe-biden/donald-trump
 
BartenderElite said:
Things are trending better. Considering Biden hasn't even had 2 full years, one could at minimum draw a conclusion that he's not actively screwing up the economy.

Gas prices have been a mantra for the Republicans - it's really one of the cornerstones of their campaign. Any movement in a positive direction weakens that.
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Trending better? It depends on the specific data point you're looking at I guess. Not all is bad in the world by any means but having two consecutive quarters of negative GDP growth and projections of either being a recession now or to be in one soon generally doesn't scream out things are going well.

As far as current gas prices they are still very high. Not as high as two months ago but they are still really high.
 
cawacko said:
Trending better? It depends on the specific data point you're looking at I guess. Not all is bad in the world by any means but having two consecutive quarters of negative GDP growth and projections of either being a recession now or to be in one soon generally doesn't scream out things are going well.

As far as current gas prices they are still very high. Not as high as two months ago but they are still really high.
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^^Says a Trump fascist.
 
US employers add 528,000 jobs; unemployment falls to 3.5%

WASHINGTON (AP) — America’s employers added a stunning 528,000 jobs last month despite raging inflation and anxiety about a possible recession, restoring all of the positions lost in the coronavirus recession. Unemployment fell to 3.5%, the lowest level since the pandemic struck in early 2020.

There were 130,000 more jobs created in July than there were in June, and the most since February.

https://apnews.com/article/inflatio...unemployment-4895f1aa41fbe904400df8261446b737
 
"Put that recession talk away, and change the subject. A vibecession ain’t no recession: July payrolls came in at a huge +528k, and unemployment is down to 3.46%, the lowest in half a century." --> Economist Justin Wolfers, University of Michigan

"Amazing job growth, strong & sustainable wage growth, and slowing inflation: WE ARE NOT IN A RECESSION.” --> Economist David Rothschild


More jobs created during the Biden presidency than the last three Republican administrations added up together
 
BartenderElite said:
But Biden is a disaster, right?

Economists think inflation is going to start ticking down as well. The fodder that conservatives were planning on for the mid-terms is rapidly disappearing. The idea that Biden has failed is going to be a tough case to make while things are getting better for most Americans.

And on the flip side, the "alternative" that Republicans are offering is being highlighted by the 1/6 hearings, the Alex Jones trial, Roe being overturned and election deniers winning primaries. Most voters just aren't interested in that rabbit hole.
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GOD BLESS PRESIDENT BIDEN!
 
the damage is already done..........the 'trending' might slow the process, but we're still headed for hard times. of course, the liberal media is whitewashing the bad news and the lemming liberals and parrots squawk make this sound like it's an awesome return...........
 
SmarterthanYou said:
the damage is already done..........the 'trending' might slow the process, but we're still headed for hard times. of course, the liberal media is whitewashing the bad news and the lemming liberals and parrots squawk make this sound like it's an awesome return...........
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I like hyping good news instead of trying to talk the economy down.

Good news can lead to more good news. Confidence is a huge factor in or economy. There is CERTAINLY no guarantee that the "damage is done." If hiring continues and inflation ticks down, it can stave off the worst expectations. We may still have a Recession - but there is no reason it can't be a mild one.
 
BartenderElite said:
I like hyping good news instead of trying to talk the economy down.

Good news can lead to more good news. Confidence is a huge factor in or economy. There is CERTAINLY no guarantee that the "damage is done." If hiring continues and inflation ticks down, it can stave off the worst expectations. We may still have a Recession - but there is no reason it can't be a mild one.
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when I say that the damage is done, i'm talking about all of the people who lost everything, or almost everything. people are being laid off, losing homes or apartments.......some are finding themselves underwater with new homes they bought.......
 
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