Free Republic

Joe Biden at his State of the Union address in March boasted his administration has created 15 million new jobs since January 2021. Not exactly. When you delve into the math, not only is the number highly misleading, but it turns out that new jobs consist largely of part-time employment, nebulous self-employment, and government workers. And among native-born citizens, the job market is in a recession. The Bureau of Labor Statistics publishes two jobs reports: the “Establishment Survey” and the “Household Survey.” The Establishment Survey samples actual employers and shows the growth in non-farm payroll jobs (as well as a...

Joe Biden’s massive electric vehicle (EV) agenda will subsidize the lifestyles of America’s well-to-do while hitting average people the hardest.... The Biden administration is aggressively regulating the U.S. auto market to drastically increase the proportion of EVs sold over the coming decade, but consumer demand has not taken off as quickly as proponents had projected despite the subsidies made available by Biden’s flagship climate bill, the Inflation Reduction Act (IRA). Manufacturers are slashing prices of their EVs to make the vehicles more appealing to consumers, which will increase prices for internal combustion engine (ICE) cars to compensate; this dynamic will...

The nationwide average price for regular gas hit a reported six-month high of $3.60 a gallon on Tuesday, spiking more than 50 percent under President Joe Biden. In the past month, gas prices rose more than 20 cents. They are over a dollar more expensive ($2.38) than when Trump left office. Gas prices remain high and could go higher due to industry and political factors. Biden’s economic war on American energy independence during instability in the Middle East and in Ukraine are significant factors.

Friday’s jobs report has everyone excited. Everyone, that is, who is pulling for Joe Biden to win reelection. Outside that blinkered lot, the pain of Bidenomics is still very real. “Today’s report marks a milestone in America’s comeback,” he said. “Three years ago, I inherited an economy on the brink” – a lie we’ve repeatedly exposed – “With today’s report of 303,000 new jobs in March, we have passed the milestone of 15 million jobs created since I took office” – another lie; as we noted last week, the economy has created only 5 million net new jobs under Biden,...

Friday’s jobs report has everyone excited. Everyone, that is, who is pulling for Joe Biden to win reelection. Outside that blinkered lot, the pain of Bidenomics is still very real. “Today’s report marks a milestone in America’s comeback,” he said. “Three years ago, I inherited an economy on the brink” – a lie we’ve repeatedly exposed – “With today’s report of 303,000 new jobs in March, we have passed the milestone of 15 million jobs created since I took office” – another lie; as we noted last week, the economy has created only 5 million net new jobs under Biden,...

All of the more than 300 99 Cents Only stores across the country are closing down. This doesn't just affect the shoppers who depend on low prices but it will be a loss of jobs for the workers in the stores. Right now everything is 30% off and business is brisk in the California-based chain. Shoppers are stocking up and many are waiting in line to get inside a store. Economists say this is a scary sight."Sad. I can't buy my apples and bananas anymore," said one man walking into the store."I think people are going to miss it," said...

Nathan Frederiksen is doing pretty well for himself. He turns 40 this year and is on track to retire by 60. It takes some sacrifice — he drives the “unsexiest car ever,” takes a DIY approach to home repairs and doesn’t eat out much — but he’s able to save 10% of his income for retirement and maintain an emergency savings fund while supporting his wife and four children in the suburbs of Boise, Idaho. “I understand that I’ve been lucky with some of my job prospects, but I don’t make a crazy amount of money,” he told CNN. “I...

Best Buy’s Geek Squad was hit was massive layoffs this week. According to 404 Media, who spoke to several employees, many Geek Squad members were told to work from home on Tuesday and wait for a call letting them know if they were still employed. Employees reported that the layoffs came suddenly, and were reportedly because the company could no longer afford to pay them. “It sucks, I spent more than half my life with this company and sacrificed a lot of personal time and experiences just to be let go,” a laid-off worker told the site. “At the same...

Many are hailing today’s establishment and household job reports, which show 300,000, or as many as 500,000, jobs being added in March. But Steve Moore points out in his Committee to Unleash Prosperity email that the picture is far from rosy: The new job numbers for March were strong with 300,000 jobs added in the establishment survey and 500,000 in the household survey. But those positive headline numbers camouflage a very disturbing trend in the labor market. Almost all of the new jobs on net are part-timers. That means a part-time paycheck. Stock market advisor Stephanie Pomboy of MacroMavens has...

In The Wall Street Journal’s latest poll of swing states, 74% of respondents said inflation has moved in the wrong direction in the past year. This assessment, which holds across all seven states, is startling, sobering—and simply not true. I’m not stating an opinion. This isn’t something on which reasonable people can disagree. If hard economic data count for anything, we can say unambiguously that inflation has moved in the right direction in the past year. In the 12 months through February, inflation, according to the century-old consumer-price index, was 3.2%, compared with 6% a year earlier. Use a slightly...

The Biden Regime canceled its plan to refill the Strategic Petroleum Reserve because oil is “way too expensive.” Biden drained the U.S. Strategic Petroleum Reserve to its lowest level in 40 years. Now, the Biden administration is CANCELLING their plans to refill it because oil is "way too expensive." pic.twitter.com/NYqEZ2Aosa — RNC Research (@RNCResearch) April 3, 2024 This comes as gas prices are once again skyrocketing. Recall that Biden drained the SPR to its lowest level in 40 years. Biden sold the U.S. Strategic Petroleum Reserves (SPR) to Europe, India and China. Joe Biden depleted the SPR to help China....

You’ll be dropping a lot of dollar on that Whopper. Menu prices at fast food chains across California have increased, as a new law went into effect requiring them to pay a $20-an-hour minimum wage to workers from Monday. The Post checked menus at several restaurants in the Los Angeles area to see if the costs are already being passed onto consumers — with mixed results. The biggest leap on was at a Burger King, where a Texas Double Whopper meal cost $15.09 on March 29, but surged to $16.89 on April 1, a price whopping increase of $1.80 for...

Interactive Grocery Shopping List Comparing Prices During Trump Administration To Bidenomices Prices https://www.biden-mart.com/

Pesident Biden is pushing for trillions in tax hikes during an election year, despite experts warning it would reduce economic output and have other dire effects. It may be popular with the anti-corporate elements of potential voters, but tax experts say it's a mistake. "The tax increases would substantially increase marginal tax rates on investment, saving, and work, reducing economic output by 2.2 percent in the long run, wages by 1.6 percent, and employment by 788,000 full-time equivalent jobs," according to a recent Tax Foundation analysis. "On a gross basis, we estimate Biden’s FY 2025 budget would increase taxes by...

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.

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...

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...

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...

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...

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...