The United States has surged back!

The facts are the facts.

 

Fact checks are fact checks.

 

And attacking the author is a way to avoid the facts.

 

It's an editorial. Editorials are opinions, and tend to be looked at as facts to some, and non-facts to others, depending on the person's opinion!

 

Some are data-based and some are not. I posted the former.

 

That does not take into account the fact that he served only 4 yrs, while other big spenders like Reagan served 8. Trump spend in 4 yrs about the same as Obama did in 8, and ironically he campaigned on paying off the debt.

I am not voting for either, but unfortunately unless Biden steps down, we will get one or the other

 

This is why I don't care much for the blame game on debt.

 

Yea, both sides are hypocritical about blaming each other for it.

 

There is no "Blame Game". Building debt has been by design, for the Republican Party, since 1974, but mostly a little later, starting with Reagan. It was at that time that they invoked the "Two Santa Claus Theory".

https://www.salon.com/2018/02/12/th...c-to-con-america-for-nearly-40-years_partner/

First, when Republicans control the federal government, and particularly the White House, spend money like a drunken sailor and run up the US debt as far and as fast as possible. This produces three results – it stimulates the economy thus making people think that the GOP can produce a good economy, it raises the debt dramatically, and it makes people think that Republicans are the “tax-cut Santa Claus.”

Second, when a Democrat is in the White House, scream about the national debt as loudly and frantically as possible, freaking out about how “our children will have to pay for it!” and “we have to cut spending to solve the crisis!” This will force the Democrats in power to cut their own social safety net programs, thus shooting their welfare-of-the-American-people Santa Claus.

 

That sort of partisan bilge is part of the problem, not the solution.

 

And they are fighting the wrong thing. They are fighting private spending when they should be fighting government spending.

 

Still looking good!

April 5, 2024

Jobs grew at a brisk pace in March, but wage growth was contained, confirming a belief among economists that the U.S. can continue to expand employment without fanning inflation.

U.S. employers added a seasonally adjusted 303,000 jobs in March, the Labor Department reported Friday, significantly more than the 200,000 economists expected. The unemployment rate slipped to 3.8%, versus February’s 3.9%, in line with expectations...

Fed Chair Jerome Powell in recent months has signaled, however, that he no longer regards strong hiring as something to fear. That is because the labor force has been growing steadily, largely due to a strong rebound in immigration. As a result, brisk hiring isn’t stoking concern on Powell’s part that the economy is at significant risk of overheating.

“The economy actually isn’t becoming tighter, which it ordinarily would. It’s actually becoming a little looser, and you’re seeing inflation come down—very unusual situation,” Powell said on Wednesday.


[https://www.msn.com/en-us/money/markets/us-economy-added-303000-jobs-in-march/ar-BB1l7JyC]

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The Biden team has demonstrated that they know how to keep our country on a positive track. When I compare to the mismanaged COVID crisis of 2019 and 2020, the unrest on the streets of the US, and the $8 Trillion in debt incurred under Trump; Biden is a God-send.

 

Meanwhile the U.S. economy continues to thrive!

The US Chips Act has not only been a success - it’s sparked a multibillion-dollar investment boom
​

Chip companies and supply chain partners have announced investments totalling $327 billion over the next 10 years, according to Semiconductor Industry Association calculations. US statistics show a stunning fifteenfold increase in construction of manufacturing facilities for computing and electronics devices.
​

Biden's laws are pouring billions into new infrastructure, and it could be a rare opportunity to make communities safer and more sustainable​

 

That’s good news!

 

Some refuse to admit that things are generally going quite well.

The U.S. crime rate is still dropping, FBI data shows​

The new fourth-quarter numbers showed a 13% decline in murder in 2023 from 2022,
a 6% decline in reported violent crime and a 4% decline in reported property crime.
That’s based on data from around 13,000 law enforcement agencies, policing about 82%
of the U.S. population, that provided the FBI with data through December.

March 19, 2024​

 

An MSN article? Give me a break. While I support the chips act it doesn’t mean it’s even close to a success yet. The outcome of that will be proven in time but there is no possible way you can call it a success yet. The chips act also is not some sort of single indicator of the economy. That’s asinine to say the least and highly ignorant as well. If the economy was so great why are stocks starting to shy away from highs, the fed not reducing interests, inflation continues to be stubborn. Housing through the roof and only affordable to the middle class in seven major cities. Biden’s economy is a complete failure

 

Trump promises to make infrastructure a major focus

Trump’s infrastructure plan hits a dead end

How Biden Got the Infrastructure Deal Trump Couldn’t
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It is true that the benefits of the Chips Act and the Infrastructure Investment and Jobs Act will only be fully realized over time, but there is no denying the positive data.

U.S. economy adds 175,000 jobs in April

GDP set to top 2% again, extending hot streak for U.S. economy​

The US stock market is flashing bullish signals as inflation continues to cool down, according to Fundstrat's head of research Tom Lee. The S&P 500 has been hovering above its 200-week moving average for the last 25 weeks, and in the 12 instances that has happened since 1950, the S&P 500 has moved higher every time. US Investor Sentiment, % Bullish is at 44.55%, compared to 29.05% last week and 32.02% last year, indicating that a higher percentage of investors surveyed had a bullish outlook on the market.​

https://ycharts.com/indicators/us_investor_sentiment_bullish

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As of May 2, 2024, there are still plenty of people trying to get into the semiconductor industry who cannot get jobs.

related thread worth reading: DEI killed the CHIPS Act (posted in Political Opinions & Beliefs, by 19Crib, March 11, 2024)

I was listening on the radio to an interview done with a college graduate young woman who had just gone through a special training and mentorship program oriented towards getting into the semiconductor industry. She sent out many resumes but so far has been unable to get any job offers. If this continues too much longer, she might have to look to another industry. This was just a couple of days ago.

There have been several announcements recently about layoffs from semiconductor and computer companies.

Intel Layoffs Impact 62 Jobs At California HQ
CRN Magazine
April 9, 2024 - "Intel disclosed that recent layoffs in the Sales and Marketing Group will impact 62 positions at its headquarters in California."

"Qualcomm, a semiconductor company, announced it would lay off 1,258 workers in December."

Oregon's semiconductor industry stumbled last year, cutting jobs by 5%
OregonLive.com
February 4, 2024 - "A 7% layoff at Lam Research, if distributed evenly across the company's work sites, would have resulted in a layoff of roughly 300 Oregon workers."

Tech Layoffs 2024: Peloton CEO Steps Down As Company Cuts 400 Jobs
"As of May 3, some 274 tech companies have laid off 79,852 workers in 2024, according to layoffs.fyi.
Amazon saw the most workers laid off in 2023 (27,410 workers) followed by Meta (21,000), Google (12,115) and Microsoft (11,158 ).
March 2024 tech layoffs - On March 25, Dell Technologies Inc. laid off about 6,000 workers as part of its efforts to cut costs and restructure employees. It's the second mass layoff for the company this year.
Google reportedly laid off another 200 people in its "Core" unit at the end of April (2024), according to CNBC. Some of the roles will be moved to Mexico and India."​

 

You are aware that the Democrats were the ones who managed that COVID crisis in 2019 and 2020?

Trump may have been President, but Democrat state governors were the ones responsible for implementing the shutdown, and the Democrats held a majority in Congress during Trump's last 2 years.
And not only that, but Trump pretty much went along with any COVID spending the Democrats wanted, very generously and liberally, even to the point of drawing ire from many Republican leaders.

Seems rather dishonest to try to blame Trump for that.

You might even remember at the very start of the Covid crisis when the whole Democrat-supporting media bitterly criticized Trump for cutting off travel to China (where Covid originated) accusing him of "xenophobia". How quickly everyone forgets.

 

But most of those jobs are either low-wage, or in government or healthcare.

This is worrying.

March jobs report: health care and government sectors added the most workers

Transportation and warehousing as well as manufacturing were at the bottom of the list

March jobs report: healthcare and government sectors added the most, Fox Business by Megan Henney, April 5, 2024


Just three sectors accounted for almost all the job growth in November

Nearly all of the job growth in the economy in November came from just three sectors: health care, government employment, and leisure and hospitality.

Just 3 sectors accounted for almost all the job growth in November, Axios.com by Emily Peck, December 11, 2023​