If you want more people sitting on their asses at home, pay them to sit on their asses at home.
Posted on 05/07/2021 5:25:37 PM PDT by conservative98
Economists expected the country to add 1 million jobs in April. It added just 266,000 — a sign that Bidenomics is kicking in and already becoming a dangerous drag on the economy.
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The US future inflation gauge is at a three-decade high, and consumers are already seeing higher prices in everything from baby products to groceries to cars. That’s what happens when you throw money into the economy willy-nilly, as Biden has done (and plans to do much more). The M2, a key measure of the money supply, is up by 25 percent over last year.
Biden’s clueless reaction to the bad jobs news shows he hasn’t learned his lesson. Instead of ending the unemployment extension and encouraging the country’s schools to reopen so parents can get back to work, he said the job numbers show “more help is needed” — that is, his two plans to spend another $5 trillion to fund Democratic interests and vastly increase the ranks of dues-paying members of lefty-supporting labor unions and to vastly hike taxes on investment and business.
Bidenomics will never get America back to the 50-year-low unemployment rate of 3.5 percent we saw in February 2020, just before the pandemic hit. Indeed, if the president gets his way, the United States is headed at best for economic stagnation, if not 1970s-style “stagflation.”
(Excerpt) Read more at nypost.com ...
Obviously we need more government spending.
The Obama years were characterized by minuscule economic growth even with constant effort to drag it up with lower interest rates. Businessmen had no inclination to add capacity because they had zero confidence in the Kenyan’s policies. They simply did not trust the Socialist!
Someone once asked Ronald Reagan what costume he would wear to a Halloween party. He said he was going to spread egg on his face and go as a liberal economist.
But the COVID industry is thriving from all the tax money Biden collects or prints.
Out of control government is out of control.
Pay people not to work. Throw TRILLIONS of dollars at banks and massive corporations. Import millions of low skilled illegal aliens and put them on welfare. Raise taxes. punish productive white small businesses. Bidenomics is a smashing success for the end goals of Biden’s installation as president. And there are so many idiots and so much fraud in the vote system he is guaranteed a second term and democrats forever after him.
prepare accordingly
The Malaise excuse, part two, coming to a television near you.
Biden will soon be wearing a sweater like Jimmy Carter did.
Maybe that’s why he visited him.
As I told my brother today, people are just glad the
election is over, even if it was stolen. It will be
three to six months for the effects of the Biden policies
to begin to spread fear through the economy.
It’s going to be a rough road ahead.
Bidenflation is the new misery index.
The “Post Editorial Board” doesn’t seem to grasp that it’s a feature, not a bug.
If you want more people sitting on their asses at home, pay them to sit on their asses at home.
“prepare accordingly”
We are heavily invested in real estate and just refinanced our primary residence at 30 year, 2.5% fixed, no points! We timed rock-bottom rates! When inflation takes off, we can pay that loan off with funny money.
Maybe that’s why Biden visited with Jimmie Carter.
“The Misery Index”
.
I’ll miss
Jimmy Carter.
Wager the stock market to take a hit soon the price to earnings ratio stinks over priced.
Red State Governors will have to announce that they’ll cut off unemployment benefits starting in June.
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