Biden now Surpasses Jimmy Carter as worst President ever in terms of handling Economy

[rolltide]

Household debt hits record $17.8 trillion. That comes to $140,000 per household. That's on top of the $280,000 you owe on the national debt. And don't forget the half-million you owe in underfunded social security, medicare, and medicaid.

have a nice weekend

 

[StevieRay]

 

[Greenbacks]

Where's Joe?

 

[rolltide]

This Wednesday the Bureau of Labor Statistics will revise jobs for the April 2023-March 2024 period. It'll be wild to see just how overinflated the Biden Administration was with their monthly jobs report. You may remember the previous year was revised down from 1.1 million to 10,000

I'm sure the media will be on top of this story

 

[StevieRay]

 

[StevieRay]

 

[rolltide]

This Wednesday the Bureau of Labor Statistics will revise jobs for the April 2023-March 2024 period. It'll be wild to see just how overinflated the Biden Administration was with their monthly jobs report. You may remember the previous year was revised down from 1.1 million to 10,000

I'm sure the media will be on top of this story

and remember this is after the Biden Administration lowered almost every month of the year and they were still nearly 1M over the truth

BREAKING: The Bureau of Labor Statistics makes the largest downward employment revision in 15 years, reveals the U.S. economy added 818,000 fewer jobs than initially reported

It gets worse... the jobs created under the Harris Biden regime never reached pre-pandemic levels and are going to foreign born workers.

 

[rolltide]

and remember this is after the Biden Administration lowered almost every month of the year and they were still nearly 1M over the truth

BREAKING: The Bureau of Labor Statistics makes the largest downward employment revision in 15 years, reveals the U.S. economy added 818,000 fewer jobs than initially reported

It gets worse... the jobs created under the Harris Biden regime never reached pre-pandemic levels and are going to foreign born workers.

 

[rolltide]

hoolee fuck...Raimondo is the current Secretary of Commerce and former Governor of Rhode Island

Reporter: Nearly a million jobs "created" with Kamala (and Biden) in charge do not exist in the past year.
Raimondo: “I don’t believe it because I’ve never heard Trump say anything truthful.”
Reporter: "It is from the Bureau of Labor (not Trump)."
Raimondo: "I'm not familiar with that."

“We created 15 million jobs” Restated DOwN 818,000 after previously restated down 1.1 million “Oops - we mean 13 million jobs.” 11 million were COVID recovery jobs “Well we created 2 million America jobs” But 3.8 million went to immigrants so US citizens lost 1.8 million jobs. BUT TRUMP …….

 

[StevieRay]

hoolee fuck...Raimondo is the current Secretary of Commerce and former Governor of Rhode Island

Reporter: Nearly a million jobs "created" with Kamala (and Biden) in charge do not exist in the past year.
Raimondo: “I don’t believe it because I’ve never heard Trump say anything truthful.”
Reporter: "It is from the Bureau of Labor (not Trump)."
Raimondo: "I'm not familiar with that."

“We created 15 million jobs” Restated DOwN 818,000 after previously restated down 1.1 million “Oops - we mean 13 million jobs.” 11 million were COVID recovery jobs “Well we created 2 million America jobs” But 3.8 million went to immigrants so US citizens lost 1.8 million jobs. BUT TRUMP …….

 

[StevieRay]

 

[rolltide]

historically first rate cuts after prolonged high interest rates have been 401k crushers and terrible for employment numbers for a full year. the DEMS have been pushing for this since last summer so now they will get it. stay tuned

First Rate Cut - Jan 3, 2001 - S&P 500 fell ~39% next 448 days - Unemployment rose another 2.1%

First Rate Cut - Sep 18, 2007 - S&P 500 fell ~54% next 372 days - Unemployment rose another 5.3%

First Rate Cut - Sep 18, 2024 - ? - ?

 

[Willie99]

Ironically, the first rate cut means the economy is supposedly slowing

I'm not sure why these asswipes think they know how to micromanage the economy. If they did, we would have attained utopia by now. Instead we just move from one excuse to another

I'll tell you what's bad for the economy

Bad energy policy
Bad trade deals
Over regulation
High taxes
Price controls
Government lock downs
Lawlessness

Any questions?

 

[Greenbacks]

Hey Joe
Is Carter really still alive?

 

[rolltide]

the longest yield curve inversion (short term bond rates are higher than long term ones) is about to end. the previous 4 endings of yield curve inversions began recessions within 4 months, dating back to early 80's....buckle up because they are timing this perfectly for a Trump win to blow up the market. The JOLTS report yesterday was stunningly bad especially with downward revisions of previous quarter and tomorrow we get the job numbers which, of course, will be fake and revised downward in months to come

 

[rolltide]

• Ally Financial shares dropped 19% Tuesday after its CFO warned of weaker financial health among borrowers.
• High inflation and a shaky job market have weighed on Ally customers' ability to repay loans.
• Ally Financial, a major auto lender, expects rising delinquency rates going forward.

 

[5teamparlay]