The Biden Administration and All Things Politics

[fishonjazz]

Whoa!

These are reelection numbers no matter who the VP is!

Wow what a monster month for jobs!

Live updates: Another shockingly good jobs report shows America's economy is booming

The US economy added a whopping 353,000 jobs last month, far more than the 176,500 jobs expected. It's yet another data point that underlines the country's economic strength, even in the face of 11 rate hikes from the Federal Reserve.

www.cnn.com

piggybacking off that......

'I Was Wrong': Ex-Trump White House Adviser Makes Surprise Confession On Fox Business

Larry Kudlow issues a mea culpa about the economy under President Joe Biden.

www.yahoo.com

One of Donald Trump’s leading economic advisers now admits he was wrong about the predictions he made for the economy under President Joe Biden.

“Mea culpa,” Fox Business host Larry Kudlow said on the air Thursday. “I was wrong about the slowdown and the recession, so was the entire forecasting fraternity.”

Fox News host Sandra Smith, however, tried to get him to back out of it.

“I don’t think you were wrong,” she said.

But Kudlow, who was director of the National Economic Council under Trump for nearly three years, stuck with it.

“The Fed, everyone was wrong,” he said, referring to widespread predictions of a recession in 2022 and 2023 that never came to fruition.

Kudlow noted that unemployment numbers will come out Friday after a month of headline-making layoffs.

“My guess is that the Federal Reserve is looking more closely at that than inflation,” Smith said in a clip posted on Mediaite, noting that the agency is hoping to tame inflation, which could lead to job losses.

“If the labor market takes a significant hit, we could see a significant downturn in the American economy,” she predicted.

Kudlow made a similar confession about the strength of the economy last month when the gross domestic product GDP jumped faster than expected.

“He gets his due,” Kudlow said of Biden. “If I were he, I would be out slinging that hash, too. No problem.”

 

[fishonjazz]

Economist Steven Rattner noted that as of the 2nd quarter, “the US economy is over 6% larger than it was before COVID (adjusted for inflation). He also noted that new manufacturing construction is growing fast and is on pace to be close to $190 billion this year. In the entire decade of the 2010s, it was less than $100 billion. This growth comes from the Inflation Reduction Act, the Infrastructure and Jobs Act (also known as the Bipartisan Infrastructure Law), and the CHIPS and Science Act.

Also, government investment and growth in manufacturing are strongest in Republican-dominated states, notwithstanding that not a single Republican voted for the Inflation Reduction Act that funds such investment, and that Republicans continue to try to gut that law. Republican-dominated states stand to get about $337 billion in investment, while Democratic-dominated states look to get about $183 billion.

Biden is busy making all of America great again, while MAGAs vote against their constituent's interests, then bloviate with fake outrage, hate toward fellow Americans, and conspiracy theories.

 

[Al-O-Meter]

I believe it is likely light years removed from what AI-O-Meter assumes regarding our present moment ...

“It is a language where moral outrage disappears,"

'Light years removed' is a fair description. I believe the moral outrage dial in our country has been cranked to 11. Did you hear about Taylor Swift!!!??! Did you hear about Taylor Swift!!??!!? I see no signs of moral outrage becoming extinct in our society. On the contrary I think there is too much moral outrage on every topic imaginable and it is healthy to unplug once in a while to not lose sight of what is really important.

 

[fishonjazz]

Since Joe Biden took office, the country has added jobs every month. His first year was obviously boosted by the faster-than-normal addition of jobs in the wake of the coronavirus pandemic. That said, there have been seven months since the start of 2022 in which the country added more jobs than were added in the best month of Donald Trump’s first three years in office. In 2023 alone, the country added almost half the total number of jobs that were added from 2017 to 2019.

 

[Red]

Be great if Swift endorsed Biden again. Followed by Trump being unable to resist attacking her.

Pentagon to MAGA world: You need to calm down over Taylor Swift

“The absurdity of it all boggles the mind,” said one senior administration official,

www.politico.com

“The claims by Fox News and far-right influencers that pop star Taylor Swift is part of a Pentagon “psychological operation” to get President Joe Biden reelected, and somehow rig the Super Bowl to benefit Kansas City Chiefs tight end (and Swift’s boyfriend) Travis Kelce, has been met with forehead slaps in the national security world.”

Please, go for it, lol…

Taylor Swift, Enemy of the People

The MAGA movement—including the big man himself—has gone on the offensive against the megastar pop singer.

www.thenation.com

 

[Mongoose]

In case you are a bit skeptical of the jobs report here a a few things to consider. Who are these jobs going to? Well they are going to immigrants
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Native-born American workers plunged by 1.9 million in the past 2 months. All job gains since June 2018 have gone to foreign-born workers. <a href="https://t.co/HxPknNCRzm">pic.twitter.com/HxPknNCRzm</a></p>&mdash; zerohedge (@zerohedge) <a href="
View: https://twitter.com/zerohedge/status/1753468367397060737?ref_src=twsrc%5Etfw
">February 2, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>


View: https://twitter.com/zerohedge/status/1752502655270666324


If that isn't something that concerns you, maybe this will. I know most leftists are pretty worried about the rights attack on social security. Democrats are at least complacent if not culpable in allowing immigrants to take our jobs and commit fraud on our social security.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">UPDATE: 155 HOUSE DEMOCRATS — 75% OF THEIR CONFERENCE — JUST VOTED AGAINST DEPORTING CRIMINAL MIGRANTS WHO COMMIT SOCIAL SECURITY FRAUD AND ROB OUR SENIORS.<br><br>VOTE THEM ALL OUT! <a href="https://t.co/ZMI2SzfNg3">https://t.co/ZMI2SzfNg3</a></p>&mdash; Stephen Miller (@StephenM) <a href="
View: https://twitter.com/StephenM/status/1752838626696728686?ref_src=twsrc%5Etfw
">January 31, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

[Al-O-Meter]

In case you are a bit skeptical of the jobs report here a a few things to consider. Who are these jobs going to? Well they are going to immigrants

Generally I'm a fan of Tyler Durden at HeroHedge, but to be fair, that chart is exactly what you'd expect to see when the unemployment rate is 3.7%. When 96.3% of the existing workforce is already employed and you have job openings, those opening will be filled by new workers. It would be different if the unemployment rate were 10% or more, but it isn't.

 

[Mongoose]

Generally I'm a fan of Tyler Durden at HeroHedge, but to be fair, that chart is exactly what you'd expect to see when the unemployment rate is 3.7%. When 96.3% of the existing workforce is already employed and you have job openings, those opening will be filled by new workers. It would be different if the unemployment rate were 10% or more, but it isn't.

You should see the entire article- https://www.zerohedge.com/economics/inside-most-ridiculous-jobs-report-recent-history

this "job growth" is at least partially just a decline in full time jobs and an increase in part time jobs. These aren't "good jobs" being created. The good jobs are decreasing as seen in the layoffs.

"shifting from a quantitative to a qualitative assessment, reveals just how ugly the composition of "new jobs" has been. Consider this: the BLS reports that in January 2024, the US had 133.1 million full-time jobs and 27.9 million part-time jobs. Well, that's great... until you look back one year and find that in February 2023 the US had 133.2 million full-time jobs, or more than it does one year later! And yes, all the job growth since then has been in part-time jobs, which have increased by 870K since February 2023 (from 27.020 million to 27.890 million)."

 

[fishonjazz]

In case you are a bit skeptical of the jobs report here a a few things to consider. Who are these jobs going to? Well they are going to immigrants

Native-born American workers plunged by 1.9 million in the past 2 months. All job gains since June 2018 have gone to foreign-born workers. pic.twitter.com/HxPknNCRzm
— zerohedge (@zerohedge) View: https://twitter.com/zerohedge/status/1753468367397060737?ref_src=twsrc%5Etfw[/SIZE][/I]<br/>']February 2, 2024[/URL]

View: https://twitter.com/zerohedge/status/1752502655270666324


If that isn't something that concerns you, maybe this will. I know most leftists are pretty worried about the rights attack on social security. Democrats are at least complacent if not culpable in allowing immigrants to take our jobs and commit fraud on our social security.

UPDATE: 155 HOUSE DEMOCRATS — 75% OF THEIR CONFERENCE — JUST VOTED AGAINST DEPORTING CRIMINAL MIGRANTS WHO COMMIT SOCIAL SECURITY FRAUD AND ROB OUR SENIORS.

VOTE THEM ALL OUT! [URL]https://t.co/ZMI2SzfNg3[/URL]
— Stephen Miller (@StephenM) View: https://twitter.com/StephenM/status/1752838626696728686?ref_src=twsrc%5Etfw[/SIZE][/I]<br/>']January 31, 2024[/URL]

View: https://youtu.be/APo2p4-WXsc?si=DosffKnLkTC59THE


Sent from my CPH2451 using Tapatalk

 

[One Brow]

really ?? that's where you're going ?? You really think Kamala Harris is a capable person as VP ?? Enough that you're whining racist ?? geez

The one duty the US Constitution gives the VP is breaking ties in the Senate. I read a while ago that Harris has broken a record number of ties. Seems capable to me.

 

[Mongoose]

View: https://youtu.be/APo2p4-WXsc?si=DosffKnLkTC59THE


Sent from my CPH2451 using Tapatalk

I love south park one of my favorite episodes is night of the living homeless. Team America is one of the funniest movies ever.

 

[One Brow]

If that isn't something that concerns you, maybe this will. I know most leftists are pretty worried about the rights attack on social security. Democrats are at least complacent if not culpable in allowing immigrants to take our jobs and commit fraud on our social security.

If these immigrants are documented, they contribute to Social Security and get benefits, the same as the rest of us. If undocumented, they contribute and don't get benefits.

Thank you for letting us know you follow sources like Zero Hedge and Stephen Miller. We know now that you are unable to discern reliable news sources. We never have to take you seriously again.