Posted on 05/26/2021 6:19:51 AM PDT by Onthebrink
On April 29th, President Joe Biden marked his one-hundredth day in office by proposing multi-trillion-dollar spending plans to complement his multi-trillion infrastructure plan. The plans come on the heels of the multi-trillion dollar stimulus package that he signed during his first month in office. Political observers immediately praised the Administration for its bold program and suggested the president was poised for success.
Tucked in the speech, however, the president unknowingly conceded his program would fail.
Early in the speech, Biden stated the economy had created more than 1,300,000 new jobs in those first 100 days. Later, however, Biden noted that twenty million Americans were out of work.
A quick back-of-the-envelope math shows that it will take approximately four years for employment to return just to pre-pandemic levels.
(Excerpt) Read more at 19fortyfive.com ...
For all the damage that Covid (or the Chinese or the Democrats) did in 2020, and into 2021....for Biden to walk in and think he could rectify this and put back the 2019 jobs situation...it’s a joke.
Based on his tax plans, companies are already researching the need to reprogram their production creation, and figure which non-US soil place to build their product. That’s not a plan to land or get more jobs...that’s basically a plan to downsize US jobs. He’s doing everything possible to open the door for Trump to re-enter in 2024.
The hold up is probably Biden’s refusal to support the repeal of the state and local tax (SALT) deduction cap.
Federal election Democrats from California and New York State are more worried about having state taxpayers than federally paid-babysitters.
As high-income folks foresee 2022:
California ~= 40% federal + 3% Medicare + 12% FICA +13% state ~= 68%
NYC ~+ 40% federal + 3% Medicare + 12% FICA + 10% state + 7% NYC ~= 72%
Florida/Texas ~= 40% federal + 3% Medicare + 12% FICA ~= 55%
High-income folks would keep about 60% more of their money by fleeing NYC. Even AOC probably understands that.
Biden stands a chance as long as the voting is still corrupt
She is the dumbest econ major I've ever encountered. If I were Boston University, I'd revoke her degree, as she clearly did not learn any economics while (supposedly) attending.
I’ve been saying for the last couple of years that we are on the cusp of Great Depression II. And the Lockdowns ensured it.
And now this guy is saying the same thing. It’s almost as though Trump did not want to win this time and chose to let Biden preside over the catastrophe, and then Trump could come back to “fix it”.
Democratic governors were warned not to close businesses down for more than 14 days.
Many businesses will never reopen, most especially retail businesses.
There are also unrealistic minimum wage law fears hindering job creation.
Biden has always been a fourth rate low life politician. He has never in 50 years accomplished anything constructive but live off the public dole. A total life long failure.
“She is the dumbest econ major I’ve ever encountered. If I were Boston University, I’d revoke her degree, as she clearly did not learn any economics while (supposedly) attending.”
yeah but she dances on rooftops ok
That depends on what passes for economics at Boston University.
Good point.
History doesn’t prove anything yet. Current day America has a history that began 1/7/2021. We are only at 5 months p.f. (post fascism) as the downfall accelerates.
I remember when wage and price controls were put in effect back in the 1970s. (WIN, “Whip Inflation Now”). It didn’t stop inflation as small businesses still passed on their price increases to the customers.
She is pretty good at that Marxist thing though.
The American people had better realize that they will never vote again. Their country has been stolen from right under their feet.
A completely ridiculous headline and premise. With the GOP being worthless traitors it is easy to see old senile Joementia Biden is running circles around them. Such a bunch of feckless cowards that make up the “supposed” opposition. They hardly exist at all except to be seen.
The American people had better realize that they will never vote again. Their country has been stolen from right under their feet.
By 1921, it was obvious that communist economy was failed in Soviet Russia. They “did not have a chance”!
Yet, they stayed in power for another 70 years, doing the same and even spreading around the world.
Excellent article! Deserves reading twice to absorb it.
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