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Keyword: bidenomics

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  • Report: Biden Mostly Retires ‘Bidenomics’ Slogan After GOP Hijacked

    03/27/2024 10:55:40 AM PDT · by ChicagoConservative27 · 34 replies
    Breitbart ^ | 03/27/2024 | WENDELL HUSEBØ
    President Joe Biden has reportedly used the ‘Bidenomics’ slogan only three times in 2024 after Republicans successfully redefined it with a negative connotation. In contrast, Biden reportedly used the term 100 times in 2023. Biden’s aides originally adopted the term for voters to readily identify Biden’s economic policies and alleged successes. But after data continued to show that prices rose and remained about 20 percent higher across the board under Biden’s leadership, Republicans effectively hijacked the term, turning it into a slogan to depict Biden’s failed economic policies.
  • What Border Crisis? Tone-Deaf Paul Krugman Suggests Immigration Surge ‘Secret’ to US ‘Success’

    03/26/2024 10:22:13 AM PDT · by JV3MRC · 7 replies
    NewsBusters ^ | 3/26/2024 | Joseph Vazquez
    Somehow, New York Times economics propagandist Paul Krugman managed to one-up himself on his really bonkers Bidenomics hot takes. Millions of illegal border crossings? Humanitarian crisis? No problem, suggested Krugman in his March 19 piece, “Are Immigrants the Secret to America’s Economic Success?” In his wild logic (if you even want to call it that), Krugman blathered how supposedly “the very surge in immigration that has nativists so upset has played a big role in increasing the economy’s potential.” Yes, he actually wrote that. Never mind the fact that foreign born employment is up at least 3.3 million above its...
  • The losers in Biden’s America

    03/25/2024 5:22:10 AM PDT · by MtnClimber · 9 replies
    American Thinker ^ | 24 Mar, 2024 | Earick Ward
    Outside the winners in Joe Biden’s America, the American people as a whole are getting hammered by Joe Biden and his leftist policy agenda. Here’s are highlight of the “losers” in Joe Biden’s America. Gen X/Gen Z/Students But didn’t students get their “student loans” waived? How come they’re not winners? The future is not bright for most people under 50. You are seeing (and will see) a continued deterioration of the dollar and a diminishing standard of living if you vote for Democrats. As Ronald Reagan succinctly stated, “You and I have a rendezvous with destiny. We will preserve for...
  • This 23-Year-Old's Car Payment Is A Third Of Her Income, And It's Ruining Her Life

    03/23/2024 6:49:10 PM PDT · by nickcarraway · 127 replies
    Jalopnik ^ | 3/20 | Bradley Brownell
    With a $650 payment for 72 months, this is going to be one expensive Toyota CamryYour twenties are the perfect time to screw up and try to get your xxxx figured out. Sometimes it takes getting to the rock bottom before you can dig yourself out of it. For the sake of everyone involved here, I hope this young woman on Caleb Hammer’s Financial Audit show has reached her bottom and will find a way to get her life turned around. Right now, it seems like the best first step would be to sell her car and find her way...
  • Biden Economy: Record Number of Americans Using ‘Buy Now, Pay Later’ Apps

    03/22/2024 6:10:53 AM PDT · by ChicagoConservative27 · 11 replies
    Breitbart ^ | 03/22/2024 | PAUL BOIS
    A record number of Americans have been using “buy now, pay later” apps amid the surging inflation seen in Biden’s economy. A new report from PYMNTS Intelligence showed 6.5 percent of Americans, roughly 15 million, have been using BPNL apps to pay for groceries since last year. Per the New York Post: Of those using the apps — offered by fintech services such as Affirm, Klarna, Afterpay and PayPal — around 5.4% were low-income Americans, according to the study. The rest were those whose yearly incomes were at least $100,000. Last month, the Federal Reserve Bank of New York published...
  • A COLD DAY IN HELL: Snopes Actually Fact Checks Biden Admin’s ‘15 Million’ Jobs Added Claim

    03/22/2024 1:56:19 PM PDT · by JV3MRC · 10 replies
    NewsBusters ^ | 3/22/2024 | Joseph Vazquez
    It was always asinine for President Joe Biden’s administration to claim that they “nearly” added 15 million jobs since the pandemic, and it apparently stank so much that even leftist fact-checker Snopes didn’t let it pass the smell test. In a shocking twist, Snopes analyzed that the Biden administration’s propagandized claim on how star-spangled awesome its job creation numbers were was “misleading” in a March 21 fact check. According to Snopes, “About 9 million of those jobs were lost during the pandemic, so the net jobs gain from pre-pandemic levels was 5.5 million.” In other words, the “15 million” claim...
  • Best Buy says it will close 10 to 15 stores in 2024

    03/21/2024 6:59:45 AM PDT · by ChicagoConservative27 · 35 replies
    The Hill ^ | 03/21/2024 | PATTY COLLER, ADDY BINK AND ASHLEIGH JACKSON
    (WKBN) — Best Buy is looking to close some stores this year and work to offer a smaller experience for customers in some markets. The company is looking to close 10 to 15 stores, following the closing of 24 stores last year, CFO Matthew Bilunas said during a fourth-quarter earnings call with investors last month. He explained that Best Buy will “close existing traditional stores during our rigorous review of stores as their leases come up for renewal.” The company cited consumer spending habits, lowering of product innovation during the pandemic, and “supply challenge years,” among other things.
  • Mortgage Woes Continue! Purchase Applications (Demand) Now Down 14% From Last Year

    03/20/2024 9:36:18 AM PDT · by Kaiser8408a · 2 replies
    Confounded Interest ^ | 03/20/2024 | Anthony B. Sanders
    The woes for the mortgage market continue under President Magoo. Mortgage applications decreased 1.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 15, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 1 percent compared with the previous week. The seasonally adjusted Purchase Index decreased 1 percent from one week earlier. The unadjusted Purchase Index decreased 1 percent compared with the previous week...
  • Best Buy to close more than a dozen stores this year according to earnings call

    03/20/2024 8:36:50 AM PDT · by CFW · 26 replies
    wsbtv2 ^ | 3/20/24 | Debbie Lord
    The electronics retailer Best Buy is set to close 10 to 15 stores this year and into early next year, according to an earnings call last week where the CEO blamed declining sales. On the earnings call, Best Buy CEO Corie Barry said the company needs “to strike a balance between its workforce and consumer interest,” according to The Austin American-Statesman. The chain closed 24 of its more than 1,000 stores last year. Earlier this month, two Best Buy locations closed – one in Colorado and one in Minnesota.
  • US Home Buyers Need to Earn $47,000 More Than in 2020 (The Income Needed To Afford A Home Up 80% Since 2020, While Median Income Has Risen 23%)

    03/18/2024 2:21:49 PM PDT · by Kaiser8408a · 9 replies
    Confounded Interest ^ | 03/18/2024 | Anthony B. Sanders
    How bad is Bidenomics for the American middle class? We know that inflation is far higher under China/Ukraine Joe (even with those awful looking Hoka shoes), but the pain that is being felt is attrocious. Nike has made a pair of shoes fitting Biden’s international image.
  • Bidenomics: Rising Gas Prices Are 45% Pricier Under Joe Biden

    03/18/2024 11:25:47 AM PDT · by ChicagoConservative27 · 25 replies
    Breitbart ^ | 03/18/2024 | WENDELL HUSEBØ
    American drivers pay 45 percent more to fuel their daily commutes since President Joe Biden ascended to the White House, AAA data shows. The national average gas price on Monday was $3.46 per gallon, according to AAA, up about 20 cents from last month. When Biden assumed office, the national average was $2.38 per gallon, more than a dollar less than the current price. That is about a 45 percent increase since former President Donald Trump left office.
  • Joe Biden wants to raid Americans’ retirement accounts: And not just the ones belonging to rich people. Here is the sneaky way he’ll do it

    03/17/2024 6:30:13 PM PDT · by SeekAndFind · 80 replies
    American Thinker ^ | 03/17/2024 | Civis Americanus
    Before anybody can claim that I am circulating a conspiracy theory, or citing an unreliable “news” source, I am going to quote President Biden’s State of the Union address and his own website (whitehouse.gov) as the sources of this information. I will then encourage readers to circulate this information as widely as possible via social media, letters to the editor, and talk radio to educate the public between now and Election Day. The State of the Union address says in part, “Under my plan nobody earning less than $400,000 will pay an additional penny in federal taxes. ... It’s time...
  • Bidenflation: 18.6% so far! Did your income go up that much?

    03/15/2024 5:32:46 AM PDT · by Uncle Miltie · 25 replies
    Bureau of Labor Statistics ^ | Ides of March, 2024 | Uncle Miltie
    The Consumer Price Index has increased 18.6% from 261.582 in January of 2021 when Biden took office to 310.326 in February 2024. Has your income gone up 18.6%, or did Biden make you POORER?
  • Inflation woes: Home buyers need 80% more income to buy than 4 years ago

    03/15/2024 5:31:45 AM PDT · by CFW · 12 replies
    The Center Square ^ | 3/14/24 | Bethany Blankley
    (The Center Square) – The housing market is not immune from inflationary woes as buyer’s purchasing power has significantly diminished in four years. Home buyers in 2024 need 80% more income to purchase a home than they did in 2020, according to a new report by Zillow. “The income needed to comfortably afford a home is up 80% since 2020, while median income has risen 23% in that time,” the report states. That equates to $47,000 more than four years ago. “Home shoppers today need to make more than $106,000 to comfortably afford a home,” according to the report. “That...
  • One of S.F.’s best burritos now costs $22. Why this acclaimed taqueria nearly doubled its price

    03/13/2024 1:11:14 PM PDT · by CFW · 52 replies
    SFChronicle ^ | 3/12/24 | Mario Cortez
    Ricardo Lopez was long reluctant to raise the prices at his Mission District restaurant La Vaca Birria, where he serves succulent beef braised in a red broth packed into burritos and tacos. But as of late, he simply has no other choice to remain afloat. “I wish there was something else that I could do,” he said. Just like seemingly every other restaurant in the Bay Area, prices have been increasing at La Vaca Birria, and customers aren’t always accepting of the change. So in a recent Instagram post, Lopez addressed a customer complaint about high prices and broke down...
  • A Dollar Ain't What It Used to Be: Family Dollar to Shutter Nearly 1,000 Stores

    03/13/2024 7:55:43 AM PDT · by george76 · 46 replies
    PJ Media ^ | MARCH 13, 2024 | STEPHEN GREEN
    Dollar Tree can't keep up with Bidenflation, changing consumer habits, and competition from other discount retailers — and will close nearly 1,000 of its Family Dollar locations around the country. The company announced the move this week following disappointing quarterly results ... "struggling to deal with a shift in consumer spending to lower-margin essentials from higher-margin discretionary products ... Even discount items .. are now out of reach for many Americans who have shifted their buying habits to even "lower-margin essentials" like food and gas. The mainstream media keeps telling me the economy is booming, but Family Dollar can't cut...
  • Getting Gassy: CNN BEGS Readers ‘Don’t Panic’ About Four-Month High Gas Prices

    03/13/2024 10:19:41 AM PDT · by JV3MRC · 13 replies
    NewsBusters ^ | 3/13/2024 | Joseph Vazquez
    CNN is back to its old schtick of desperately spinning higher gas prices to look like no big deal for Americans, even though they’re currently hovering at four-month highs. CNN addressed gas prices hitting $3.40 a gallon on Friday, after bottoming out at $3.07 in January. Instead of just reporting the straight news, CNN reporter Matt Egan begged readers in his headline: “Gas prices have surged to four-month highs. Don’t panic.” Egan has become a comedic figure at CNN for persistently doing the facts tango for President Joe Biden to deceive Americans struggling to pay at the pump, so it’s...
  • Family Dollar and Dollar Tree to close 1,000 stores after $1.71 billion net loss

    03/13/2024 8:46:17 AM PDT · by Sam77 · 92 replies
    Just The News ^ | 13 March 2024 | Madeleine Hubbard
    Dollar Tree and its subsidiary, Family Dollar, will close 1,000 stores following a net loss of $1.71 billion over three months, the discount retailer said Wednesday. The company plans to close about 600 Family Dollar stores in the first half of this year and allow about 370 Family Dollar stores and 30 Dollar Tree stores to close over the next few years at the end of their lease terms. The company opened 641 new stores, including 333 Dollar Trees and 308 Family Dollars, last fiscal year, which ended on Feb. 3, 2024.
  • Dollar Tree To Close Around 1,000 Family Dollar Stores

    03/13/2024 7:46:56 AM PDT · by Enlightened1 · 22 replies
    For Business ^ | 03/12/24
    Dollar Tree to close around 1,000 Family Dollar stores. initially announced late last year, the company will close 600 of its Family Dollar stores in the first half of 2024. An additional 370 Family Dollar stores and 30 Dollar Tree stores will close over the next several years once their leases expire, the company said in its fourth-quarter earnings report. https://www.foxbusiness.com/lifestyle/dollar-tree-to-close-nearly-1k-stores
  • Americans Turn To Part-Time Jobs As Full-Time Employment Plummets

    03/12/2024 5:55:08 AM PDT · by george76 · 16 replies
    Daily Caller News Foundation ^ | March 11, 2024 | Will Kessler
    The number of full-time jobs has plummeted since June 2023, with Americans turning to part-time jobs and working multiple jobs to make up the difference as economic factors like high inflation continue to put stress on consumers, according to data from the Bureau of Labor Statistics (BLS). Since June, the number of full-time jobs has declined more than 1.8 million, from 134,787,000 to 132,946,000 as of February, according to the Federal Reserve of St. Louis. In that same time, the number of part-time employees working less than 35 hours per week has risen from 26,248,000 to 27,941,000, an increase of...