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Biden creates an economic crisis--Unemployment, Inflation, risk of STAGLFATION increasing


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And make no mistake.....this is on Ds and free money.  Period.  

 

 

 

BREAKING: Unemployment Rate INCREASES, Numbers ‘Way Worse Than Expected’. Talk Of Inflation Grows.

 

 

CNBC: Hiring was a huge letdown in April, with nonfarm payrolls increasing by a much less than expected 266,000 and the unemployment rate rose to 6.1% amid an escalating shortage of available workers. Dow Jones estimates had been for 1 million new jobs and an unemployment rate of 5.8%.

 

BLOOMBERG: The numbers are out, and on the top line they are way worse than expected. Something seems very off: only 266,000 jobs created in April, and the unemployment rate ticked up to 6.1%, according to the report.

 

A separate report from CNN warned that “if you haven’t felt [inflation] yet, it’s coming.”

 

https://www.dailywire.com/news/breaking-unemployment-rate-increases-numbers-way-worse-than-expected-talk-of-inflation-grows

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  • Big Blitz changed the title to Biden creates an economic crisis--Unemployment, Inflation increasing

Any of us who voted for Donald Trump knew this was going to happen if Biden were to attain the Presidency. Schumer, Sanders, Pelosi, AOC radical policies would be implemented. The results are already devastating and obvious. The worst is yet to come. I had to laugh as I glanced for a moment at a Buffalo News article yesterday- I would never buy that paper again and haven’t in over a year, but a copy was in the break room at work. The “ news article” blamed all these inflationary forces on things like Covid, global warming , and Donald Trump tariffs! What a joke! No wonder so many misinformed, foolish libs walking around these parts. They’re spoon fed propaganda at every turn from school through adulthood. 

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10 minutes ago, B-Man said:

 

 

Yep.

 

Stop paying people not to work

 

 

 

 

 

 

 

Omg 

 

Terrible.  

 

All because of Covid.  There were ZERO underlying economic problems until we brought them on ourselves....

 

No sorry.....China, Fauci, Ds, and Trump Derangement Syndrome did.

 

Boom here is 8 trillion in "stimulus" the bulk of which is to bail out broke locked down blue states.  

 

Nice work all around.  

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2 minutes ago, B-Man said:

 

 

Poor people refusing to work unless they get paid more. Bonnie, who do they think they really are, CEOs?

 

Oh, and its a little early for this thread, @Big Blitz - considering the fact that Trump left Biden with the worst jobs record since Herbert Hoover.

 

 

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What Will You Do When Inflation Forces U.S. Households To Spend 40 Percent Of Their Incomes On Food?

by Michael Snyder

 

Did you know that the price of corn has risen 142 percent in the last 12 months? Of course corn is used in hundreds of different products we buy at the grocery store, and so everyone is going to feel the pain of this price increase. But it isn’t just the price of corn that is going crazy. We are seeing food prices shoot up dramatically all across the industry, and experts are warning that this is just the very beginning. So if you think that food prices are bad now, just wait, because they are going to get a whole lot worse.

 

 

https://markets.financialcontent.com/stocks/news/read/41316443/what_will_you_do_when_inflation_forces_u.s._households_to_spend_40_percent_of_their_incomes_on_food?

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Joe Biden inherited a growing economy from President Trump. Thanks to Trump, we got COVID-19 vaccines in record time, paving the way for historic economic growth and recovery from the pandemic. But, based on these numbers, something has gone horribly wrong.

 

But hey, no mean tweets, right?

 

 

 

"The Jobs Report: The Boom That Wasn’t/April’s anemic job creation was so out of line with what other indicators have suggested that it will take some time to unravel the mystery" (NYT). 

 

From the article: 

Employers added only 266,000 jobs last month, the government reported Friday morning, not the million or so that forecasters expected. The unemployment rate actually edged up, to 6.1 percent.... These numbers are consistent with the story many business leaders are telling, of severe labor shortages — that demand has surged back but employers cannot find enough workers to fulfill it, at least at the wages they are accustomed to paying....

 

Back in 2010, the Obama administration introduced one of the more unfortunate economic messaging concepts of recent decades, announcing that a “Recovery Summer” was underway. It became a punchline, because while the economy was expanding, Americans were still far worse off than they’d been before the 2008 recession, and improvement was coming very slowly. That’s one outcome the Biden administration desperately wants to avoid.

 

https://www.nytimes.com/2021/05/07/upshot/jobs-report-surprise.html?smid=url-share

 

 

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It will be ok. Biden will look all the better for the economic improvement by 2024. Good to get the bumps in the road out of the way early. That Joe has good timing! 
 

Now pass that infrastructure bill and crest even more jobs! 

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7 minutes ago, Over 29 years of fanhood said:

Build back bloat er..

 

What a disaster. The economy is getting worse as we get more vaccinated. 
 

Sitting here Incredulous that the leadership actually got even more incompetent than the last. I thought that was impossible. 

How is it getting worse? Whatever! 

 

This reminds me of you guys blaming the Bush recession on Obama

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:rolleyes:

 

Funny how it doesn't remind you of Obama declaring that he had inherited the worst economy since the depression ?

 

Well, not really, your selective memory is well known

 

 

 

 

 

"The Jobs Report: The Boom That Wasn’t/April’s anemic job creation was so out of line with what other indicators have suggested that it will take some time to unravel the mystery" (NYT). 

 

From the article: 

 

Employers added only 266,000 jobs last month, the government reported Friday morning, not the million or so that forecasters expected. The unemployment rate actually edged up, to 6.1 percent.... These numbers are consistent with the story many business leaders are telling, of severe labor shortages — that demand has surged back but employers cannot find enough workers to fulfill it, at least at the wages they are accustomed to paying....

 

Back in 2010, the Obama administration introduced one of the more unfortunate economic messaging concepts of recent decades, announcing that a “Recovery Summer” was underway. It became a punchline, because while the economy was expanding, Americans were still far worse off than they’d been before the 2008 recession, and improvement was coming very slowly. That’s one outcome the Biden administration desperately wants to avoid.

 

https://www.nytimes.com/2021/05/07/upshot/jobs-report-surprise.html?smid=url-share

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2 hours ago, BillStime said:

 

Poor people refusing to work unless they get paid more. 

 


Whatever happened to taking any work you could find to put food on the table until you could find something better. Personal pride is in the shitter. 

1 hour ago, Tiberius said:

It will be ok. Biden will look all the better for the economic improvement by 2024. Good to get the bumps in the road out of the way early. That Joe has good timing! 
 

Now pass that infrastructure bill and crest even more jobs! 


How do you feel about the jobs reports pre-pandemic?

 

Bad

Good

Very Good

Great

 

Chef Jim does not expect an answer. 

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2 hours ago, BillStime said:

 

Poor people refusing to work unless they get paid more. Bonnie, who do they think they really are, CEOs?

 

Oh, and its a little early for this thread, @Big Blitz - considering the fact that Trump left Biden with the worst jobs record since Herbert Hoover.

 

 

 

 

Sorry low info Bill.

 

No one is believing that lie.  Whatever b.s. jobs figures you conjured up from Trump's full 4 years will include the self inflicted CCP/DNC shutdown.  

 

Everything from March 2020 is on them.  Up until then.....Boomin.

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24 minutes ago, Tiberius said:

How is it getting worse? Whatever! 

 

This reminds me of you guys blaming the Bush recession on Obama


Unemployment just increased in the jobs report we just got. we’re supposed opening up and vaccinated. That’s unjustifiable.

 

Bond market is predicted signaling significant inflation.

 

Several  commodities are undergoing hyperinflation... 

 

Reopening was a political slam dunk and it’s being handled with neolithic incompetence. 

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37 minutes ago, Big Blitz said:

 

 

Sorry low info Bill.

 

No one is believing that lie.  Whatever b.s. jobs figures you conjured up from Trump's full 4 years will include the self inflicted CCP/DNC shutdown.  

 

Everything from March 2019 is on them.  Up until then.....Boomin.


If only Trump took the virus seriously in the beginning he still might be POTUS - lmao.

 

This will be a fun thread to revisit the next three years.

 

Democrats have a FAR better track record bringing the economy back to life after GQP incompetence.

 

 

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