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


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1 hour ago, Governor said:

The consumer has choices.

Choice really has nothing to do with it here, unless you are talking about choosing not to spend.  An pay increase for our lowest paid workers will generally spell a cost increase to our lowest income segments.  It's essentially robbing Peter to pay Peter. Nice political theater, but in reality it's probably not going to help. 

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2 hours ago, Doc said:

HTF is the CDC allowed to do this?


this pandemic is the greatest gift to the Authoritarians they ever could have asked for.
 

If you’re not already wealthy elite, too bad, all the class mobility ladders are getting cut one by one before our eyes..  the elite will steal every last penny from all the rest of us along the way. 
 

If you have any wealth whatsoever you want to get it offshore. 

Edited by Over 29 years of fanhood
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3 hours ago, ALF said:

 

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.

 

Ahhhh bureaucratic "red tape".  I guess it takes time to make sure the money goes to the "right" people. Yeah I'm just a bit cynical as to where our money is going.  

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Supreme Court throws out Biden administration eviction moratorium   Updated 9:46 PM ET, Thu August 26, 2021

 

The Supreme Court on Thursday blocked the Biden administration's Covid-related eviction moratorium.

 

"If a federally imposed eviction moratorium is to continue, Congress must specifically authorize it," the court wrote in an unsigned, eight-page opinion.

 

https://www.cnn.com/2021/08/26/politics/supreme-court-eviction-moratorium/index.html

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46 minutes ago, ALF said:

Supreme Court throws out Biden administration eviction moratorium   Updated 9:46 PM ET, Thu August 26, 2021

 

The Supreme Court on Thursday blocked the Biden administration's Covid-related eviction moratorium.

 

"If a federally imposed eviction moratorium is to continue, Congress must specifically authorize it," the court wrote in an unsigned, eight-page opinion.

 

https://www.cnn.com/2021/08/26/politics/supreme-court-eviction-moratorium/index.html


A moratorium on evictions is a real bad idea.  I’ve heard some horror stories. 

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Why is there a chip shortage?

 

Bosses at the tech giants appear sharply aware of this. The chief executives of Intel and IBM have both said recently that the chip shortage could last two years.

 

https://www.bbc.com/news/business-58230388

 

Long article, it's more then covid. Mr Köse says, however, that the pandemic was not the sole cause of the chip shortage: "That was probably just the last drop in the bucket."

Edited by ALF
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The American economy slowed abruptly last month, adding 235,000 jobs, a sharp drop from the huge gains recorded earlier in the summer and an indication that the Delta variant of the coronavirus is putting a damper on hiring.

 

https://www.nytimes.com/2021/09/03/business/economy/august-2021-jobs-report.html

 

 

 

No.  The Delta variant (lolol they really do only call it Delta when they need to justify this nonsense because a new "mutation" scares low infos into thinking this is all justifiable) isn't doing that.

 

The government is.  

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Demented Biden misses jobs forecast this month.  Nice work Dopey.  Maybe if you didn't pay people not to work and stopped excusing them from paying rent.  Single-handidly destroying the economy and country.  Check your watch again, stupid.  Dopey Joe Biden's "America Last" policy. 

 

What

A

Mess

 

 

 

 

Edited by Irv
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EVERYTHING IS GOING SWIMMINGLY: 

 

Half A Million Fewer Jobs Than Expected.

 

The economy added just 235,000 jobs in August, “a big miss,” “a disappointment,” and “terrible news” for the country.


This was nearly half a million jobs below economists’ expectations, meaning the economy added 70 percent fewer jobs than expected.


3,000 construction jobs and 28,500 retail jobs were lost in August.


No leisure and hospitality jobs were added last month, even though this is a time when the industry should be surging back.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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These are literally the dumbest people in the world, these American Leftists (from a Bloomberg article today):

 

Progressive Democrats are urging the Biden administration to shape Fed leadership so that the central bank uses its tools to better promote job gains across racial groups, keep Wall Street banks in check and combat climate change. 

 

Exactly what tools do these idiots think the Fed has to accomplish these things?  Honestly, this is the closest part of the "Collapse of Roman Civilization" that we've seen from these clowns.  This country is in deep trouble.  Dumb, dumb people are in charge.  Scary

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46 minutes ago, OrangeBills said:

These are literally the dumbest people in the world, these American Leftists (from a Bloomberg article today):

 

Progressive Democrats are urging the Biden administration to shape Fed leadership so that the central bank uses its tools to better promote job gains across racial groups, keep Wall Street banks in check and combat climate change. 

 

Exactly what tools do these idiots think the Fed has to accomplish these things?  Honestly, this is the closest part of the "Collapse of Roman Civilization" that we've seen from these clowns.  This country is in deep trouble.  Dumb, dumb people are in charge.  Scary

 

Well, if the CDC can dictate rental policy...

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6 hours ago, OrangeBills said:

These are literally the dumbest people in the world, these American Leftists (from a Bloomberg article today):

 

Progressive Democrats are urging the Biden administration to shape Fed leadership so that the central bank uses its tools to better promote job gains across racial groups, keep Wall Street banks in check and combat climate change. 

 

Exactly what tools do these idiots think the Fed has to accomplish these things?  Honestly, this is the closest part of the "Collapse of Roman Civilization" that we've seen from these clowns.  This country is in deep trouble.  Dumb, dumb people are in charge.  Scary

Is it any dumber than demanding the Taliban be more inclusive?  MLK Jr has got to be rolling over in his grave! 

Edited by SoCal Deek
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