#biden economy

[liberalsarecool]

I guess this means more nudes from the desperate and brainless GOP.

#bidenomics #biden economy #GDP

[emperornorton47]

#magats #MAGA sneakers #biden economy #funny memes #politics

[pharosproject]

Federal Reserve stuck between a rock and a hard place

#Federal Reserve #US Federal Reserve #Interest rate #High inflation #Biden inflation #Bidenflation #Banking crisis #Biden economy #Here comes the recession #2023 crash #Daily struggle

[dreaminginthedeepsouth]

Mike Luckovich

* * * *

LETTERS FROM AN AMERICAN

April 5, 2024

HEATHER COX RICHARDSON

APR 06, 2024

Today offered yet more evidence that Biden’s rejection of the Republicans’ supply-side economics in favor of investing in ordinary Americans is paying off with high growth, low unemployment, and strong wages. 

Today’s jobs report from the U.S. Department of Labor for the month of March showed higher job growth than analysts anticipated. Instead of the 214,000 jobs expected, the U.S. added 303,000. The government also revised its estimate of job growth in January and February upward by a combined number of 22,000. President Joe Biden noted that this report meant that the administration had created more than 15 million jobs since he took office.

The unemployment rate was also good, dropping slightly to 3.8% in March. According to economist Steven Rattner of Morning Joe, the United States has now had 26 consecutive months—more than two years—of unemployment under 4%, the longest stretch of unemployment that low since the late 1960s. 

Rattner pointed out that immigrants have helped to push U.S. growth since the pandemic by adding millions of new workers to the labor market. As native-born workers have aged into retirement, immigrants have taken their places and “been essential to America’s post-COVID labor market recovery.” 

Heather Long of the Washington Post added that wage growth has been 4.1% in the past year, which is well above the 3.2% inflation rate.

“My plan is growing the economy from the middle out and the bottom up, investing in all Americans, and giving the middle class a fair shot,” Biden said in response to the new jobs report. That system, which resurrects the economy the United States enjoyed between 1933 and 1981, has been a roaring success. 

Biden was in Baltimore, Maryland, today, where he flew over the remains of the collapsed Francis Scott Key Bridge, spoke with the response teams there, and met with the families of those who died when the bridge fell. Apparently trying to demonstrate that government can be both efficient and effective, the administration has emphasized speed and competence in its response to the bridge collapse of March 26, 2024.

Kayla Tausche of CNN reported today that the U.S. Coast Guard was onsite within minutes of the collapse, and that Transportation Secretary Pete Buttigieg was working the phone as soon as he heard. He had spoken with Maryland governor Wes Moore, Baltimore mayor Brandon Scott, and White House chief of staff Jeff Zients by 5:00 a.m. Biden was briefed early that morning, before he began to reach out to state and local leaders. 

Baltimore County executive Johnny Olszewski told Tausche: “[Biden] demonstrated a clear understanding of the importance of the port, had a real empathy for myself and all the individuals impacted…. And he was unequivocal that he was going to do whatever he can, legally and within his power to expedite a response.”

The collapse of the bridge not only affected traffic around Baltimore, but also shut the Port of Baltimore. For 13 years, that port has led the nation in carrying cars and light trucks, as well as tractors and cranes, handling more than 847,000 vehicles in 2023. In that same year, the port handled more than 444,000 passengers and $80 billion worth of foreign cargo. The damage to the port is of national significance. 

Less than four hours after it received an official request for funding for repairs on March 29, the Department of Transportation authorized funds to begin to address immediate needs, which officials say is a record. The Army Corps of Engineers says it expects to restore a narrow navigation channel for use by the end of April and to have the port reopened fully by the end of May. Until then, the federal government is improving the infrastructure at nearby Sparrows Point to enable it to handle more ships. 

But the Republican Party remains committed to the idea that the government must be kept small and that private enterprise must be privileged over public investments. Today, the far-right House Freedom Caucus announced that it would not consider funding the bridge repairs until foreign shipping companies had paid in all they owe (Biden has called for funding the bridge immediately rather than waiting for insurance funds, which will come much later).  

They also say that they want the repairs to come out of money Congress has appropriated for other initiatives they dislike, that any new funds must be fully offset by other cuts, and that “burdensome regulations” such as labor agreements must be waived “to avoid all unnecessary delays and costs.” 

They are also demanding that Biden reverse the administration’s “pause on approvals of liquified natural gas export terminals” before Congress will consider any funding for the bridge reconstruction. In January, under pressure from climate activists, Biden paused the construction of such terminals. Liquid natural gas is a valuable export, but it is also made up primarily of methane, a greenhouse gas significantly worse for the planet than carbon dioxide. Oil and gas interests are strongly in favor of developing the liquid natural gas industry while ignoring its effects on climate change.

One of the proposed plants affected by the pause would have been the largest in the U.S. It is planned for Louisiana, the home state of House speaker Mike Johnson. Johnson has already tried to tie funding for Ukraine to lifting the pause on liquid natural gas export terminals, and the White House refused. Now, apparently, extremist Republicans are trying the same gambit with repairs to the Francis Scott Key Bridge and access to one of the nation’s most important ports, although slowing repairs at that key juncture will directly affect many of their constituents.  

Indeed, despite the solid demonstration that government support for ordinary Americans is the best way to build the economy, Republicans continue to maintain that the way to promote economic growth is to concentrate money among a few men at the top of the economic ladder. The idea is that those few people will invest their money more efficiently than the government can, and that the businesses they create will employ more and more workers. To that end, Republicans since 1981 have focused on tax cuts and deregulation in order to give those they see as job creators a free hand. 

That system, so-called “supply-side economics,” has never actually worked, but it has become an article of faith for Republicans. It is a system that is popular with the very wealthy, and Biden called that out today in a video he recorded with Senator Bernie Sanders (I-VT).

In the video, the two men comment on a video clip in which former president Trump, speaking at a private event, promises wealthy donors another tax cut. Biden says: “That’s everything you need to know about Donald Trump. When he thinks the cameras aren’t on, he tells his rich friends, ‘We’re gonna give you tax cuts.’” 

Sanders chimes in: “Can anybody in America imagine that at a time of massive income and wealth inequality—billionaires are doing phenomenally well—that he’s going to give them huge tax breaks? And then at the same time, he’s going to cut Social Security, Medicare, and programs that our kids need….”

“That makes me mad as hell, quite frankly,” Biden says. “There are 1,000 billionaires in…this country. They pay an average of 8.2% [in] federal taxes. So…we have a plan: Asking his good buddies to begin to pay their fair share.”

LETTERS FROM AN AMERICAN

HEATHER COX RICHARDSON

#Heather Cox Richardson #Letters From An American #Biden Economy #supply side economics #trickle down economics #failed Republican ideas #income inequality

[sillythoughtssillymind]

#biden economy #we all need this #lol

[dadsjokeshop]

#fuck biden #biden corruption #biden economy #biden memes #funny #political memes #political #democrats #republicans #biden family #biden lies

[jloisse]

Trump: «Nous chasserons les mondialistes, cette classe politique malade et les fake news médias» du pouvoir

«L’Ukraine est l'une des pires choses que l'on ait jamais vues», a dénoncé Trump.

«Notre monnaie s'effondre, nous sommes une nation défaillante, une nation en déclin», a-t-il déploré, appelant à chasser les «fauteurs de guerre» et «Biden le corrompu» du gouvernement.

«Biden, ce zombie ambulant, tente d’emprisonner son opposant politique numéro un, comme dans la Russie de Staline»

Poursuivi par l'Etat profond, victime d'une révolution colorée à domicile en 2020, l’ex-président fait face à 37 chefs d’accusation et risque 20 ans de prison.

«Je ne céderai jamais, je ne serai jamais vaincu. Je n'arrêterai jamais de me battre pour vous.»

#trump news #president trump #trump #donald trump #donald j trump #maga2024 #trump 2024 #biden corruption #president biden #biden administration #biden economy #joe biden #deep state #fake news #mainstream #mass media #medias #traditional media

[liberalsarecool]

Democrats are getting things done. The economy is improving with Democratic policies.

Republicans want to destroy this positive growth to spite Biden.

#gdp #biden economy

[donutwares]

Prophecy, the falling away...

It's been speculated that the Tribulation will occur soon but based on signs I was shown, it will be in Biden's second term as president 2024-2028. So one sign is that Biden will win re-election or somehow cling on to power, otherwise proxy through a Democrat.

Someway through that term, the events of Matthew 24 could culminate in the 'Rapture' (the days shortened if no flesh can survive) But by 2028, The 6th seal of Revelations will surely be broken.

Then, I believe, comes Paul's 'falling away' and the Antichrist.

Several years to wait is a long time so I've been writing a book whilst absorbing attacks and betrayals, wearing my favorite watch and trying to stay healthy as possible.

#christian #end times #matthew 24 #biden economy

[denial2xx]

👍

#poverty #fuck biden #biden administration #biden economy #welfare #america #president biden #economy

[dreaminginthedeepsouth]

Joe Biden has presided over perhaps the most energetic American government in nearly half a century. There is plenty to debate about its merits. But there is no denying that many of his policies are already having an impact... and that their continuation would likely produce an America that is stronger and wealthier than it has been at any prior point in its history.

#The Economist #The Economy #Joe Biden #Biden Economy #election 2024

[jerseydeanne]

NewsWire· 21m * UK GOVERNMENT ‘REASONABLE’ WORST CASE SCENARIO PLAN SAYS WIDESPREAD GAS SHORTAGES IN WINTER LIKELY IN EVENT RUSSIA LIMITS GAS SUPPLY - TIMES *6 MILLION HOUSEHOLDS FACE ELECTRICITY RATIONING, CONTROLLED BLACKOUTS DURING PEAK HOURS ----- NOW DO GERMANY!! The US and EU politicians are so stupid. They cannot think one step ahead. It was predictable. As soon as the demented old moron Joe took office, what did he do? Right! He destroyed the energy independence in the US. My fellow Americans, prepare to face a shortage of diesel this fall. Truck drivers will go first, of course. You will be waiting in line. Those, who has no idea what the Carter administration looked like, will have an opportunity to experience those "glorious" times.

I lived through Jimmy Carter's gas crisis! I was a driving teen and we would run out of gas standing in line. I lived in Florida at the time and we struggled to put food on the table. I became anemic! What the answer to anemia, MEAT!

The usual suspects claim it's not happening, not based on facts.

If truckers can't afford to run their trucks they can't deliver the food. We were in the trucking business, and my husband hauled flatbed, steel, and lumber. All of our friends own trucks, one is a milk hauler out of Ohio that delivered Milk to Walmarts in Florida.

How much do you think that gallon of milk is going to cost? And still, that senile old bastards are going to push electricity? Really!

Companies were adding a fuel surcharge to deliveries, but it doesn't cover the cost of fuel. Owner Operators need to pay enormous truck payments. They can't run older trucks because of all the regulations.

Also, older truckers are retiring and saying F**k this S**t! Were done! They have offered drivers as low as 18 yo positions, but our younger people are too damn lazy to try to make a living.

Mc Donald's and Burger King need deliveries too! Not everyone can work there, and people will not pay the price. What does that lead to? Like the carter admin, we all stayed home and ate beans and potato soup.

Does it sound depressing? It is. That's why I'm pushing you to stock up and be prepared. I personally know what borderline starvation is.

Fight back, use your voice and tell congress you are mad as hell!

Thank you, Anon, that felt good!

Love, JD 😜💋

#biden economy #Anon #diesel #worldwide #starvation #jimmy carter #Food shortage #beef #protein deficiency

[m00narchives]

A step back in climate change

Yesterday morning we woke up to disappointing news. The Biden administration approved an $8 BILLION drilling project on Alaska’s North Slope. Why is this an issue? Well for one, it is going to cause problems for the Native communities there as well as go against what these environmentalists have been fighting against all these years. THIS IS THE LARGEST TRACT OF UNDISTURBED PUBLIC LAND in the US and now we humans are going to destroy what is left. 23m acres that will now be sites for oil + gas drilling. If you do not know what that means, they are essentially drilling holes in the ground to form wells for oil and gas production. Why is this bad? Very obviously, it is speeding up the climate breakdown, but one should also know how that is the result from this plan. Oil and gas drilling will disrupt migratory pathways for the animals who use this land as a way to navigate and survive, animal habitats will be harmed, and oil spills are an every-second risk. Caribou and many birds have breeding grounds here which is going to be the bane of their existence if we intrude their home and kick them out. By emitting these gases into air of an undisturbed land, we will contaminate the last bits of fresh air. The people and animals native to this land depend on these ecosystems to be running without contamination in order to be provided with resources such as food and shelter, and their health will be threatened if we pollute these areas. If there is an oil spill in the ocean the fish will die and become uneatable for both the people and animals. Water will be contaminated and there will be a depressing result in these populations. I read on The Guardian that its estimated that 576 MILLION barrels of oil will be produced in the course of 30 years. If earth is still running in that time, I would not even want to see what the remains of that land look like. It will be stripped of all its life and all the beauty of what natural land was intended to be. There is no respect for earth and land and we can clearly see that numbers is what we prioritize in the States. We are willing to eliminate years of history and life so fast it is mind blowing. How do we step back from trying to profit at any cost? What profit will we see/experience if we are all dead?

#biden economy #environmentist #willow project #oil drilling #alaska