Posted on 01/09/2022 7:43:10 AM PST by Browns Ultra Fan
Recently, the White House claimed that the Biden Administration created more jobs (per month) than Trump, Obama, George W Bush, George HW Bush, Clinton and Reagan.
It always helps to be elected President after a recession when the economy naturally snaps back from the economic doldrums (like Obama after the financial crisis, Clinton after the first Gulf War, Reagan after Carter).
So let’s look at job totals under Trump, the COVID lockdowns, the ensuing economic damage, and the Biden “rebound.” In a brief two months in early 2020 thanks to COVID and lockdowns, the US economy lost 22.362 MILLION jobs. But the snap-back effect under Trump was 12.342 MILLION jobs added back by the time Biden was sworn-in as President.
Under his term as President, Biden has benefited from “Snap-back inertia” and saw 6.215 MILLION jobs added in just a year. Pretty impressive, except that it is about half the snap-back effect experienced under Trump.
How about REAL wage growth (nominal wage growth less inflation)? Real wage growth was higher under Trump and has been declining under Biden. Strange that the White House isn’t bragging about declining real wage growth under Biden.
Let’s see how Omicron impacts the labor market and whether Biden/Psaki will take credit for the snap-back from Omicron.
Call this the Biden malaise (or Ka-malaise) for wage growth. Where inflation nukes positive wage gains.
(Excerpt) Read more at confoundedinterest.net ...
Tapioca!
/random Biden
Tapioca!
/random Biden
This administration is so desperate to dig up anything positive to say about the past year that they resort to stuff like, “During our administration the sun has risen every morning.”
WUT?! Brandon and commiela “fweedumb” hawiss lied?
The media used to be check on government officials. And that was obviously a very good thing. But now Biden could claim to have brought down the Berlin Wall and the media would find reason to applaud him.
.
Doesn’t matter..because reality doesn’t matter.
For example: media,fbi,Trump dossier,elections,covid vax,trans men competing in women’s sports,”president” biden,SC unconstitutional rulings,1/6, mostly peaceful riots,George Floyd,OJ,Systemic racism,men can “marry” men, global warming,EV are green,mandate,
Guns kill,SUVs kill, Ashley Babbitt wasn’t murdered..
More BROWN pablum for the masses...and the idiots eat it up. 🤮
People fully know what crap this is every time they go to the grocery store and gas station. Many are now discovering that the entire vaccine push is complete bullshit as they and family members get COVID after being vaccinated. Democrats are dead meat in November.
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