President Joe Biden
- Thread starter tenacious
- Start date
It's really quite sad how he is being propped up by Jill and his handlers. I actually feel bad for him. It's cruel how they are using him.
Awkward video shows Biden stuck in his jacket as he’s forced to ask Jill for help
Biden’s signature aviator sunglasses, balanced precariously on top of his mask, also fell on the tarmac
www.independent.co.uk
What, pray tell, could that data be? If your talking gas prices coming down, Biden doesn't get credit for fires he started originally.
July jobs report looks pretty good for Biden. Not sure why you think Biden started the fires re: gas prices. While I don't think gas prices coming down are due to anything he really did -- the fact of the matter is they are coming down. A lot of great legislation has been passed recently. Even L. Graham complemented Biden for passing bipartisan bills. I know many will hate to admit it, but things are definitely looking up for the dems and Biden (not suggesting I want him in 2024).
Gas prices is a beginning against inflation because of transportation costs rolled into the cost of everything else, the big climate change bill just passed, and the good July job numbers.
What fire did he start?
We won't know til the hard quarter inflation numbers are out, but the likelihood is this is the "top" of the roller coaster. Jobs and inflation have gone traditionally the opposite of each other (with certain exceptions) and when inflation gets better, the economy by necessity must at least moderately contract. The reason is the excess money supply is what causes inflation, and withdrawing money from the economy contracts it (which in turn affects jobs....which is a lagging indicator).
What the economic experts are trying to achieve is a so-called "soft landing" where inflation calms down and the jobs market isn't necessarily impacted. It's very hard to get that soft landing though because you can notoriously over or undershoot and they don't have full control over what's going on, such as the impact of the legislation.
The other possibility is that rather than this being the top of the roller coaster is actually worse: that they haven't done enough to bring down inflation, which means the fed will have to pump the breaks far more furiously and do more economic damages to tame inflation. The sign to watch for which it is: if there is a correction in the supply issues (both goods and labor) that we've been having...it means the market has attained equilibrium again instead of hurtling towards either direction.
p.s. I wouldn't look to heavily at gasoline prices going forward....we are going to begin to shift to winter blends soon...the food indexes are a leading indicator.
I’m not sure what industry is confident in this current economy , maybe bankruptcy and divorce lawyers
fintech and obviously the mortgage industry is getting crushed right now
let’s see what 4q brings ,if massive layoffs are going happen then that is when most of them probably will take place
I'm guessing demand went down for gas....
My hunch is we are undershooting what we need to do and the fed has not been aggressive enough. Contrary to it's name, the fight inflation bill will actually increase the money supply so there's also that issue, and the labor market remains tight because the retirees aren't headed back into the chaotic labor market anytime soon. My guess is we undershot, especially given where interest rates have historically been, but I'm not ready to predict it yet and we have yet to see the fed's next steps
Biden's first day on the job he restricted future production of oil. Overlay a chart of Biden's tenure with gas prices and tell me its just a coincidence. As far as legislation passed, the CBO is stating that the Inflation Seduction Act will not reduce inflation. Even your favorite Democrat, Bernie can see through the fallacy of its name. I give some credit for the bipartisan legislation but to call it great is an exaggeration. I give it a "cool, we agreed on something."
I can admit that things are looking a little better for the Dems but I can't say the same for Biden. The generic ballot (assuming its an even relevant standard) shows the Dems basically even with Repubs. Biden's ratings continue to plummet and the poor guy can't even put on his own coat and gets lost shaking hands.
I will be curious how abortion impacts the next election. It and green energy are down the list in terms voters concerns. However, if any states are putting abortion on the ballot I would expect that to increase Dem voter turnout. While ethically questionable, it was pretty savvy for Democrats to fund MAGA candidates in the primaries. I don't doubt the ability of the Repubs to screw up things between now and November.
Have you tried to hire anyone recently? Its nearly impossible to find new employees. The problem is people unwilling to work to fill the jobs which is hampering not only the recovery but is contributing to higher prices.
Right now we have over 91 million people that "don't want a job now". That includes over 33 million aged 16-54.
I had a roadside emergency near a busy freeway interchange a few weeks ago. It happened at 7:30 pm on a workweek. I managed to get over to the shoulder and call AAA. Firstly, it tried to route me to the stupid app which I don't carry on my phone or to log on and leave a chat message with the autobot. It being not an entirely safe area on the freeway, I declined to go automated and so had to wait 20 minutes to get a real person. Because I was disabled on the freeway, it was labelled a "priority" service. The priority service took until 10:30 to arrive. I'd never experienced such a delay before using AAA so was shocked by how long it was taking.
A very nice Highway Patrol officer pulled in to check on me and to block off traffic to enable me to get the car to a safer location. He didn't want to leave me in the now safer place on the freeway alone. He explained that the city tow trucks go off duty at 7 so a 3 hour wait was just about right. The tow companies have been unable to fill the private slots (so there's a shortage) because no one wants to work the odd hours for the amount of money they are offering....those people that they have are insisting working the mornings and afternoons. The surge in traffic and the staffing shortages means its impossible to get a tow truck even for a priority service from 7-10 weekday evenings and God help you if you have a problem Sunday evening when vacation traffic is returning.
Only two things can return that market to equillibrium. Either they start charge massive surge pricing for those hours that motivates people to sign up to work the hours (which in turn increases the money supply). Or economic activity falls and people are forced to work those hours if they want the job.
I calmed down and I'm back bro. I think Trump is propping up this Joe. Come on man, this is not the old Joe. This is 100% one of the actors playing his spot.It's really quite sad how he is being propped up by Jill and his handlers. I actually feel bad for him. It's cruel how they are using him.
Awkward video shows Biden stuck in his jacket as he’s forced to ask Jill for help
Biden’s signature aviator sunglasses, balanced precariously on top of his mask, also fell on the tarmac
Nocal is talking about the 500,000 new jobs. How many of these 1/2 mill are second & 3rd jobs to help pay them bills? I took a Uber the other night and this really smart man was driving us in his really nice SUV. He does weekend late nights for Uber to help cover the cost of life. His real job is at Lockheed Martin. He does the extra so his wife can stay home with the kids full time. Cool guy and I gave him a nice tip.
Weed biz is big time. My buddy is a multi millionair and sells weed and dabs. All legal. Big Pharma is big biz and Urgent Care biz.
What we're seeing is employers offering sizable signing bonuses even for minimum wage jobs. Although no reputable business pays minimum wage in SoCal anymore. We had to do across the board raises because we were having to pay new hires as much as employees who had been with us for a few years. That's on top of the relatively generous bonuses we give and full medical.
baldref
GOLD
where do i apply?
You're overqualified.where do i apply?