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

[ALF]

On 8/13/2021 at 12:16 PM, TSOL said:

Something I bought 6 months ago that cost $550 dollars is now listed for $700 dollars. 

 

That's inflation 

 

The supply chain is still a disaster , lack of workers and rising wages to attract scarce workers  all thanks to covid.

[Artful Dodger]

On 8/13/2021 at 12:07 PM, Doc said:

The mid-terms will be epic.

 

And the losing party will blame racism and voter suppression, not necessarily in that order.

 

On 8/13/2021 at 12:05 PM, RochesterRob said:

  Even the most ardent Biden supporter will admit that there will be a spread of malaise on top of the baloney.

 

This is not entirely on Biden. although the unnecessarily large stimulus package in January didn't help.  It's also on our Federal Reserve, which despite 5%+ inflation is still stimulating the hell out of the economy.  It makes no sense whatsoever.  I don't think there's any grownups left in Washington.

[Chef Jim]

4 hours ago, ALF said:

 

The supply chain is still a disaster , lack of workers and rising wages to attract scarce workers  all thanks to covid.

 

Lack of workers?  Where did they all go?  Covid kill them off?  

[B-Man]

 

Thanks Joe.

 

 

 

If only we hadn't stifled our own production.

 

 

 

[ALF]

20 hours ago, Chef Jim said:

 

Lack of workers?  Where did they all go?  Covid kill them off?  

 

Baby boomers retired . The Mexican workers at a local Wal Mart all left for higher paying jobs. 

[Chef Jim]

37 minutes ago, ALF said:

 

Baby boomers retired . The Mexican workers at a local Wal Mart all left for higher paying jobs. 

 

What higher paying jobs?  

 

So what about the non-Mexican and non-Baby Boomer workers?  Where did they go? 

[B-Man]

 

 

 

 

 

 

 

 

 

 

 

 

 

Edited August 17, 2021 by B-Man

[ALF]

2 hours ago, Chef Jim said:

 

What higher paying jobs?  

 

So what about the non-Mexican and non-Baby Boomer workers?  Where did they go? 

 

You claim to know the answer before you ask a question so enlighten us .

[Chef Jim]

31 minutes ago, ALF said:

 

You claim to know the answer before you ask a question so enlighten us .

 

Simple.  They are sitting home.  

[ALF]

1 hour ago, Chef Jim said:

 

Simple.  They are sitting home.  

 

When college and High School let out for the summer they were not going to get  unemployment benefits. Most states stopped the added benefit. When those benefits run out for the rest of the states then what is the excuse for a labor shortage ?

[Doc Brown]

4 minutes ago, ALF said:

When college and High School let out for the summer they were not going to get  unemployment benefits. Most states stopped the added benefit. When those benefits run out for the rest of the states then what is the excuse for a labor shortage ?

Fear of Covid.

[B-Man]

 

 

BUILDING BACK BETTER: 

 

Stocks Dump, Dollar Jumps As Self-Sustaining Recovery Narrative Collapses.

 

 

https://www.zerohedge.com/markets/stocks-dump-dollar-jumps-self-sustaining-recovery-narrative-collapses

[B-Man]

 

 

 

NANCY PELOSI MEETS WITH BIDEN AIDES FOR 90 MINUTES TO PLOT HOW TO PUSH THE $3.5T BUDGET THROUGH CONGRESS

— DESPITE WARNINGS FROM MODERATE DEMOCRATS THEY WON’T GIVE THEIR BACKING.

 

Old and busted: Make America Great Again.

 

The new hotness? Make America Weimar Again!

 

[Governor]

On 8/17/2021 at 5:54 PM, ALF said:

 

When college and High School let out for the summer they were not going to get  unemployment benefits. Most states stopped the added benefit. When those benefits run out for the rest of the states then what is the excuse for a labor shortage ?

https://prospect.org/blogs/tap/no-unemployment-benefits-are-not-discouraging-work/

[TtownBillsFan]

On 7/29/2021 at 10:43 AM, Irv said:

 

It's been six minutes.  Time to make another post about Trump.  What a mess.    

I'm just taking this one, which was from a month or more ago, to say;  dude, stuff the "what a mess' schtick.  It's way over played out by you.  It's made me almost (not yet, but almost) 'ignore' you like I do the lib-tards.  Please stuff/stop that 'what a mess' schtick.  Please.

[Irv]

3 hours ago, TtownBillsFan said:

I'm just taking this one, which was from a month or more ago, to say;  dude, stuff the "what a mess' schtick.  It's way over played out by you.  It's made me almost (not yet, but almost) 'ignore' you like I do the lib-tards.  Please stuff/stop that 'what a mess' schtick.  Please.

If you don’t think this country is a mess right now, you must be living under a rock.  I could care less if you ignore me.  You’re already ignoring everything a demented Biden has done to destroy the country.  What a mess.  

[Doc]

9 hours ago, B-Man said:

NANCY PELOSI MEETS WITH BIDEN AIDES FOR 90 MINUTES TO PLOT HOW TO PUSH THE $3.5T BUDGET THROUGH CONGRESS

— DESPITE WARNINGS FROM MODERATE DEMOCRATS THEY WON’T GIVE THEIR BACKING.

 

Old and busted: Make America Great Again.

 

The new hotness? Make America Weimar Again!

 

 

Is there anyway for them to push it through without Manchin and/or Sinema?

[Chef Jim]

On 8/17/2021 at 2:54 PM, ALF said:

 

When college and High School let out for the summer they were not going to get  unemployment benefits. Most states stopped the added benefit. When those benefits run out for the rest of the states then what is the excuse for a labor shortage ?

There likely won’t be one.  

[OrangeBills]

9 hours ago, Governor said:

https://prospect.org/blogs/tap/no-unemployment-benefits-are-not-discouraging-work/

 

Yeah, Liberals and Democrats are just stupid.  Simple as that.  Sociologists and Demographologists...

 

How about this...the Town of Lake Placid cut its Ironman competition by 40% and moved half his Lacrosse tournament to Albany, forgoing tons of important revenue for the town...big hit economically.

 

Why?  Afraid of the virus?  NO, the municipality, the hotels, the restaurants, nobody could hire more than 40% capacity.  Real-world evidence, not some BS "professorial writing".  

 

Country is in big trouble.

[Governor]

1 hour ago, OrangeBills said:

 

Yeah, Liberals and Democrats are just stupid.  Simple as that.  Sociologists and Demographologists...

 

How about this...the Town of Lake Placid cut its Ironman competition by 40% and moved half his Lacrosse tournament to Albany, forgoing tons of important revenue for the town...big hit economically.

 

Why?  Afraid of the virus?  NO, the municipality, the hotels, the restaurants, nobody could hire more than 40% capacity.  Real-world evidence, not some BS "professorial writing".  

 

Country is in big trouble.

I think it’s pretty clear that people aren’t ever going to return to those low wage jobs. Some still seem to be in denial about that. No one wants to return to their pre-Covid life. We’re seeing evidence of that all across the workforce.

 

In our lifetime, American workers have never had the power they presently have.

[OrangeBills]

3 minutes ago, Governor said:

I think it’s pretty clear that people aren’t ever going to return to those low wage jobs. Some still seem to be in denial about that. No one wants to return to their pre-Covid life. We’re seeing evidence of that all across the workforce.

 

In our lifetime, American workers have never had the power they presently have.

 

Literally, so dumb

 

The State cannot borrow TRILLIONS and pay you to exist forever.  In fact, the US has probably gone too far already on this front, we just don't know it yet.

 

Just dumb Leftist thinking:  "Yah, those low-wage folks just won't go back to those low-paying jobs while the gov't is paying them a lot more not to (irrespective of where those gov't funds are coming from)...they don't want to, they've learned to like having more money"

 

This is exactly the disastrous thinking behind the Liberal/Democrat cabal currently pulling the Pinocchio strings above Biden that will sink this whole place.

 

My goodness I can't believe how dumb.  

[Governor]

3 minutes ago, OrangeBills said:

 

Literally, so dumb

 

The State cannot borrow TRILLIONS and pay you to exist forever.  In fact, the US has probably gone too far already on this front, we just don't know it yet.

 

Just dumb Leftist thinking:  "Yah, those low-wage folks just won't go back to those low-paying jobs while the gov't is paying them a lot more not to (irrespective of where those gov't funds are coming from)...they don't want to, they've learned to like having more money"

 

This is exactly the disastrous thinking behind the Liberal/Democrat cabal currently pulling the Pinocchio strings above Biden that will sink this whole place.

 

My goodness I can't believe how dumb.  

I’m sorry that it isn’t working out in your favor. You’ll never see me siding with businesses that want their slaves back.

 

Pay them and they’ll come back.

 

If an extra $300/week is why no one is returning to work, that illustrates what the real problem is our economic system.

[OrangeBills]

8 minutes ago, Governor said:

I’m sorry that it isn’t working out in your favor. You’ll never see me siding with businesses that want their slaves back.

 

Pay them and they’ll come back.

 

If an extra $300/week is why no one is returning to work, that illustrates what the real problem is our economic system.

 

The COVID economy (market-oriented) has been the greatest gift of my professional life, really feel guilty about it.

 

But I'm not stupid enough to think these are sustainable scenarios, that if the Gov't keeps borrowing like this (even starting with this ABSURD $3.5T meaningless bill) that the US won't collapse sometime beyond that.

 

Lefists have no clue how an economy works

[Governor]

6 minutes ago, OrangeBills said:

 

The COVID economy (market-oriented) has been the greatest gift of my professional life, really feel guilty about it.

 

But I'm not stupid enough to think these are sustainable scenarios, that if the Gov't keeps borrowing like this (even starting with this ABSURD $3.5T meaningless bill) that the US won't collapse sometime beyond that.

 

Lefists have no clue how an economy works

I always think back to some people I knew in HS that never finished and started their own landscaping business. These people used cheap labor(usually illegally) for the last 30 years and now own 750k homes and have a dozen vehicles.

 

That’s not the American dream. That’s taking advantage of a rigged system.

 

Someone that cuts lawns was never supposed to be a millionaire. That “model” never should’ve existed in the first place.

 

It will take time for some to adjust.

[OrangeBills]

1 minute ago, Governor said:

I always think back to some people I knew in HS that never finished and started their own landscaping business. These people used cheap labor(usually illegally) for the last 30 years and now own 750k homes and have a dozen vehicles.

 

That’s not the American dream. That’s taking advantage of a rigged system.

 

Someone that cuts lawns was never supposed to be a millionaire. That “model” never should’ve existed in the first place.

 

It will take time for some to adjust.

 

this is called an anecdote...it does not represent a system or set of rules

 

You don't rule by anecdote, instead you set up a system of rules and OBLIGATIONS based on reality.  

 

You and your types despise US market-oriented capitalism despite the reality that it's by far the best system ever devised on this planet for such a purpose...that it's lifted more people out of poverty than any other...that OTHER systems, many that which abide by the types of rules and obligations you desire, end up faltering and collapsing and leading to ruin & despair, as has been witnessed throughout history.  

 

No, your anecdote does not mean anything.  You have no fundamental clue, apparently, of what inflation means for the economy, the nation, its people, or yourself for that matter.  

 

The fact that this thinking is taking over America is the clearest evidence that we are in deep trouble.  And no, you have no evidence to counter these claims, becuase they don't exist on the planet.

 

 

[Governor]

9 minutes ago, OrangeBills said:

 

this is called an anecdote...it does not represent a system or set of rules

 

You don't rule by anecdote, instead you set up a system of rules and OBLIGATIONS based on reality.  

 

You and your types despise US market-oriented capitalism despite the reality that it's by far the best system ever devised on this planet for such a purpose...that it's lifted more people out of poverty than any other...that OTHER systems, many that which abide by the types of rules and obligations you desire, end up faltering and collapsing and leading to ruin & despair, as has been witnessed throughout history.  

 

No, your anecdote does not mean anything.  You have no fundamental clue, apparently, of what inflation means for the economy, the nation, its people, or yourself for that matter.  

 

The fact that this thinking is taking over America is the clearest evidence that we are in deep trouble.  And no, you have no evidence to counter these claims, becuase they don't exist on the planet.

 

 

We always knew we’d drag some of you kicking and screaming towards progress. I’m sure you’ll be just fine.

[Doc]

1 hour ago, Governor said:

We always knew we’d drag some of you kicking and screaming towards progress. I’m sure you’ll be just fine.

 

So progress is more and more people not working because they don't want to make too little money.  So from where are they getting money to live a better life in the mean time?

[Doc]

BTW, the eviction moratorium is also delaying people re-entering the workforce.  When that ends...

[Chef Jim]

4 hours ago, Governor said:

I think it’s pretty clear that people aren’t ever going to return to those low wage jobs. Some still seem to be in denial about that. No one wants to return to their pre-Covid life. We’re seeing evidence of that all across the workforce.

 

In our lifetime, American workers have never had the power they presently have.

 

How did they ever survive pre-Covid in those "low wage jobs"?   Work or starve is my motto.  

3 hours ago, Governor said:

Someone that cuts lawns was never supposed to be a millionaire. That “model” never should’ve existed in the first place.

 

What on earth is wrong with you?  These are not people that cut lawns.  These are people that are/were hard working entrepreneurs who built a business and became millionaires.  

[ALF]

 

26 states ended federal unemployment benefits early. Data suggests it’s not getting people back to work

 

Twenty-six states announced their intent to end federal pandemic-era benefits starting in May. They officially pulled out in waves over June and July.

 

UKG, a payroll and time-management firm, found that shifts among hourly workers in those states grew at about half the rate as states that continued the benefit — the opposite trend of what one might expect.

 

https://www.cnbc.com/2021/08/04/early-end-to-federal-unemployment-pay-in-26-states-not-getting-people-to-work.html

[leh-nerd skin-erd]

On 8/17/2021 at 1:30 PM, B-Man said:

 

 

 

 

 

 

 

 

 

 

 

 

 

The problem is when Biden wakes up, he’s in 1978. 

On 8/19/2021 at 4:07 AM, TtownBillsFan said:

I'm just taking this one, which was from a month or more ago, to say;  dude, stuff the "what a mess' schtick.  It's way over played out by you.  It's made me almost (not yet, but almost) 'ignore' you like I do the lib-tards.  Please stuff/stop that 'what a mess' schtick.  Please.

I acknowledge having a different sense of humor than some, but @Irv and “What a mess” makes me laugh every time he uses it.  
 

My bigger concern is that @ComradeKayAdams will turn him into a card-carrying socio-commie revolutionary wearing a “Feel the Bern” tank top.  

[leh-nerd skin-erd]

On 8/19/2021 at 7:39 AM, Irv said:

If you don’t think this country is a mess right now, you must be living under a rock.  I could care less if you ignore me.  You’re already ignoring everything a demented Biden has done to destroy the country.  What a mess.  

And there it is. 

[Doc]

1 hour ago, ALF said:

 

26 states ended federal unemployment benefits early. Data suggests it’s not getting people back to work

 

Twenty-six states announced their intent to end federal pandemic-era benefits starting in May. They officially pulled out in waves over June and July.

 

UKG, a payroll and time-management firm, found that shifts among hourly workers in those states grew at about half the rate as states that continued the benefit — the opposite trend of what one might expect.

 

https://www.cnbc.com/2021/08/04/early-end-to-federal-unemployment-pay-in-26-states-not-getting-people-to-work.html

 

Again, the end of the eviction moratorium will change things.

[Westside]

2 minutes ago, Doc said:

 

Again, the end of the eviction moratorium will change things.

When is that btw?

[Doc]

2 minutes ago, Bidens_basement said:

When is that btw?

 

No idea.  But it will have to come eventually, and soon.

[ALF]

CDC issues new eviction ban effective through Oct. 3

 

https://www.cnbc.com/2021/08/03/cdc-to-issue-new-eviction-ban-effective-through-october-3.html

[Doc]

HTF is the CDC allowed to do this?

[ALF]

11 minutes ago, Doc said:

HTF is the CDC allowed to do this?

 

The White House previously had said it couldn’t extend the eviction ban again after the Supreme Court ruled in June that the policy could only be renewed through legislation.

 

It’s unclear how the court will respond to this new moratorium, but it could at least buy states and cities more time to distribute the $45 billion in rental assistance allocated by Congress. Just around $3 billion of that money had reached households by the end of June.

[Tenhigh]

On 8/19/2021 at 12:04 PM, Governor said:

We always knew we’d drag some of you kicking and screaming towards progress. I’m sure you’ll be just fine.

You do understand that the cost of labor generally gets passed on to the consumer, right?

[Governor]

2 minutes ago, Tenhigh said:

You do understand that the cost of labor generally gets passed on to the consumer, right?

The consumer has choices.