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


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I predict that it will be "Unusually" good.......................they need the distraction.

 

Fed exec: Get ready for another "odd or unusual" jobs report

 

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Hopefully, Dallas Fed chief Robert Kaplan just wants to perform some overzealous expectations-setting ahead of the May jobs report due on Friday. But … probably not, considering the fundamentals haven’t changed from April’s stunning bust. “All those tensions,” Kaplan told a tech conference, “they’re not actually going to go away even for the next jobs report.”

 

Joe Biden hardest hit? Politico thinks so:

 

Businesses say they can’t find enough workers to hire. The pace of Americans moving off the unemployment rolls is slowing. And a top Federal Reserve official is warning that job trends in May might look “odd.”

 

All of that suggests that the next monthly U.S. employment report, which will be released Friday morning, may not show the robust growth that President Joe Biden needs to help pass his sweeping agenda.

 

On the heels of April’s sluggish job growth, which shocked economic forecasters and sparked debate over a nationwide worker shortage, the May data will be closely watched for an indication of whether something significant is holding back the labor-market recovery — such as what Republicans say are overly generous federal unemployment benefits — or whether the previous data was nothing more than a one-month blip.

Democrats have downplayed the concerns, maintaining that the path back to full employment was always going to be winding and stacked with challenges. And economists are predicting the report will show 630,000 jobs were created in May, a robust number. But while Biden has been polling strongly on his handling of the economy, a second straight month of slower-than-expected job creation could embolden critics of his multitrillion-dollar infrastructure spending plans and raise fears that the labor market is facing a long road back to normal.

 

https://hotair.com/ed-morrissey/2021/06/02/fed-exec-get-ready-for-another-odd-or-unusual-jobs-report-n394060

 

 

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Job creation accelerated in May but are still below expectations

 

 

Job creation disappointed again in May, with nonfarm payrolls up a solid 559,000 but still short of lofty expectations.

 

Payrolls were expected to increase by 671,000, according to economists surveyed by Dow Jones.

 

 

(Excerpt) Read more at cnbc.com ...https://www.cnbc.com/2021/06/04/jobs-report-may-2021.html

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1 minute ago, BillStime said:

Must be the unemployment checks right?

 

 

Doubtful.  They're probably making more with their own online casts like OnlyFans or whatever.

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Deutsche Bank Issues a Terrifying Warning for America Under Biden

by Tyler O´Neil

 

On Monday, Deutsche Bank released a report that further confirms a portent of doom for the U.S. economy and Democrats led by President Joe Biden. While many economists and policymakers claim that the recent uptick in inflation is temporary, Deutsche Bank warned that Biden’s profligate spending, the Federal Reserve’s low interest rates, and global economic trends threaten to unleash persistent inflation, which amounts to an insidious tax on the poor and middle class that benefits the government. 

 

https://pjmedia.com/news-and-politics/tyler-o-neil/2021/06/09/deutsche-bank-issues-a-terrifying-warning-for-america-under-biden-n1453388

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Highest inflation increase in 12 years.

 

Wages up, so I hear.  

 

It doesn't matter when you're spending twice as much on gas, groceries, and clothes.   

 

 

Nice work all around everyone more free money for a crisis we inflicted on ourselves give yourself a big round of applause good work!!!

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Biden restoring nearly a billion dollars to Cali high-speed rail boondoggle

 

fcad6e7d-6f46-453e-bc4e-1e5bf5f13161-730

 

 

Biden to restore $1 billion for California bullet train - Los ...

 

https://www.latimes.com/california/story/2021-06-11/california-high-speed-rail-money-restored-by-biden-adminstration

2 days ago — The federal transportation agency agrees to restore nearly $1 billion in funds

 

 

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On 6/13/2021 at 6:22 PM, B-Man said:

 

 

Biden restoring nearly a billion dollars to Cali high-speed rail boondoggle

 

fcad6e7d-6f46-453e-bc4e-1e5bf5f13161-730

 

 

Biden to restore $1 billion for California bullet train - Los ...

 

https://www.latimes.com/california/story/2021-06-11/california-high-speed-rail-money-restored-by-biden-adminstration

2 days ago — The federal transportation agency agrees to restore nearly $1 billion in funds

 

 

I realize trains were the main mode of mass transit earlier in Joe’s career, but It seems like the us shifted to air travel in the 30s or 40s…

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5 hours ago, Over 29 years of fanhood said:

I realize trains were the main mode of mass transit earlier in Joe’s career, but It seems like the us shifted to air travel in the 30s or 40s…

 

They want us out of our gas powered modes of transportation and they're not even hiding that now.  in 14 years you won't even be able to buy one in CA.  

Just now, Chef Jim said:

 

They want us out of our petroleum base powered modes of transportation and they're not even hiding that now.  in 14 years you won't even be able to buy one in CA.  

 

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3 hours ago, Chef Jim said:

 

They want us out of our gas powered modes of transportation and they're not even hiding that now.  in 14 years you won't even be able to buy one in CA.  

 

I’d live in California in a heartbeat if the people and politicians running the joint weren’t all crazy. Great weather by the coast, beaches and skiing. 

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1 minute ago, Over 29 years of fanhood said:

I’d live in California in a heartbeat if the people and politicians running the joint weren’t all crazy. Great weather by the coast, beaches and skiing. 


I ignore them.  I have two houses. One by the coast and one in the desert.  It’s 120 in the desert now and I can’t go.  We Airbnb it. Shame. I love the heat. It’s a cool 90 at the coast now at 7pm. 

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1 hour ago, Chef Jim said:


Sitting on the patio now with a nice cold bottle of……….water stolen from NorCal. 
 

I’m drinkIng boxed wine enjoying France and Germany play soccer. To bring it to subject, ive switched to boxed wine as it’s cheaper due to Bidinflation and less waste. 
 

 

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"Some Democrats scoffed at the notion that the GOP would ever be able to deliver 10 votes needed to clear the filibuster. As of Wednesday night, they were at 11 — a number that appears likely to grow."

 

From "POLITICO Playbook: The inside view from the West Wing on infrastructure."

 

 

NUMBER OF THE DAY: 21. That’s how many senators now support the bipartisan infrastructure framework proposed by Sens. KYRSTEN SINEMA, JOE MANCHIN, ROB PORTMAN, BILL CASSIDY, MITT ROMNEY and the other members of their centrist group. This is big....

 

What does this do to the Democrat side of the equation? The fear that Sinema and Manchin will oppose a larger reconciliation package stuffed with the left’s top priorities is real.

 

https://www.politico.com/playbook

 

 

OH NO !

 

They want to pass the infrastructure bill, without the payoffs and goodies for the Left !

 

😎

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27 minutes ago, Governor said:

What a day for Uncle Joe. 2 infrastructure bills going to pass. Maybe Joe will fix the collapsing buildings in Florida.


If that’s what the infrastructure bill was about. What part of the bill would have prevented the building’s collapse?  
 

Why didn’t Obama’s infrastructure Bill of 2015 fix these problems?  Why are we back here?  The 2015 was a 5 year plan. Are the politicians’s friends back in the buffet line for more gravy?

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15 minutes ago, Chef Jim said:


If that’s what the infrastructure bill was about. What part of the bill would have prevented the building’s collapse?  
 

Why didn’t Obama’s infrastructure Bill of 2015 fix these problems?  Why are we back here?  The 2015 was a 5 year plan. Are the politicians’s friends back in the buffet line for more gravy?

You have to stop being so sad. It was a great day. Record day in the markets, infrastructure bills passing.

 

Joe also told business owners to piss off and pay a living wage. Unemployment and inflation decreasing. The whole premise for this thread is fake.

 

Great days ahead!

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14 minutes ago, Governor said:

You have to stop being so sad. It was a great day. Record day in the markets, infrastructure bills passing.

 

Joe also told business owners to piss off and pay a living wage. Unemployment and inflation decreasing. The whole premise for this thread is fake.

 

Great days ahead!


If everything is so great why is the government having to hand out money like candy on Halloween? 

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