The Biden Boom™ Is Coming Baby...

[ispy]

Translation

People are now so wealthy under Biden they are retiring earlier and earlier

jimothyfromraleigh right now (in his dreams):

[JayJ350]

A fake celebration thread created by a canadian for a fake economy.

[6gorillion]

More Tesla employees laid off as bloodbath enters its fourth week...

Workers from the company’s software, services, and engineering departments say they’ve been laid off, according to several reports.

They are so thankful for this BIDEN BOOM!

[JayJ350]

More Tesla employees laid off as bloodbath enters its fourth week...

Workers from the company’s software, services, and engineering departments say they’ve been laid off, according to several reports.

They are so thankful for this BIDEN BOOM!

Remember: keep voting democrat!

[Dave22reborn]

Imagine how much bigger the boom will be in four years.

[6gorillion]

Jobless claims jump to highest level in nine months

Claims rise 22,000 to 231,000, well above expectations of 214,000


https://www.marketwatch.com/story/jo...onths-5e799341

[Berts]

Jobless claims jump to highest level in nine months

Claims rise 22,000 to 231,000, well above expectations of 214,000


https://www.marketwatch.com/story/jo...onths-5e799341

Illegals love working multiple jobs. All part of the plan. It’s “working”

Well done Biden, now hopefully they vote for him so we can have a 86 year old president, #winning #****trump #jkbidenblows

[fitnessislife]

Jobless claims jump to highest level in nine months

Claims rise 22,000 to 231,000, well above expectations of 214,000


https://www.marketwatch.com/story/jo...onths-5e799341

......Boom?

[Mark1T]

[Titansfan08]

Sillie's boom

[ispy]

https://twitter.com/TPostMillennial/...29222989201652 booming!

[fitnessislife]

Which one of EctoCuck's threads was a more embarrassing failure, this one or his Hillary Clinton campaign thread?

[turk75]

Even the leftist msm is now calling out this dementia patients BS:



"wE dId It jOe!!!"

[SillieBazzillie]

Inflation, already not bad, is slowing. Bring on the rate cuts.

A closely watched underlying measurement of inflation showed even more progress. Core CPI, which strips out the more volatile categories of energy and food, slowed from 3.8% to 3.6%, its lowest rate since April 2021.

[Dave22reborn]

Inflation, already not bad, is slowing. Bring on the rate cuts.

A closely watched underlying measurement of inflation showed even more progress. Core CPI, which strips out the more volatile categories of energy and food, slowed from 3.8% to 3.6%, its lowest rate since April 2021.

What next, you gonna claim that California's 20 dollars an hr minimum wage is a success? The 10,000 employees who were fired in a month beg to differ.

Also, the people paying 22 dollars for a Big Mac value meal must be happy.

[SillieBazzillie]

What next, you gonna claim that California's 20 dollars an hr minimum wage is a success? The 10,000 employees who were fired in a month beg to differ.

Also, the people paying 22 dollars for a Big Mac value meal must be happy.

LMFAO at paying $22 for a big mac value meal.

And I guess unemployment will skyrocket if 10k folks are getting fired every month.

Seriously bro, how dumb are you?

[frankdtank20]

Inflation, already not bad, is slowing. Bring on the rate cuts.

A closely watched underlying measurement of inflation showed even more progress. Core CPI, which strips out the more volatile categories of energy and food, slowed from 3.8% to 3.6%, its lowest rate since April 2021.

Depending on the inflation measure used, it's mid 3's to 4%. Not acceptable. The trickier part is services (insurance, education, mortgage and rent, health care, auto repair, etc) which is most of the inflation, not physical stuff. The longer services are still high and inflation in general, the more Social Security costs go up as well, the faster it runs dry.

Rate cuts may come a year from now. The only way they come sooner is if GDP goes negative, which may happen in less than a year. GDP is being kept up by govt spending, including welfare spending on illegals, which isn't exactly productive. Illegals are giving hotels in some cities a boost, the airlines a boost, but isn't productive in the long-run. It's good as an artificial stimulus in the short-term, a drag in the long term. Whether Biden or Trump are elected that drag will come home to roost in the next 1-2 years.

[Dave22reborn]

LMFAO at paying $22 for a big mac value meal.

And I guess unemployment will skyrocket if 10k folks are getting fired every month.

Seriously bro, how dumb are you?

Well, it'll increase when more and more businesses close. Or when AI becomes the new drive through, kisoks replace the cashiers, and flippy makes your burger.

[Deathstroke]

Stop sending billions to Ukraine and Israel you old ass hole!

[turk75]

Inflation, already not bad, is slowing. Bring on the rate cuts.

A closely watched underlying measurement of inflation showed even more progress. Core CPI, which strips out the more volatile categories of energy and food, slowed from 3.8% to 3.6%, its lowest rate since April 2021.

"Inflation cooling or slowing" just means prices are not skyrocketing as fast as they recently were.. Looking to a leftist for factual information about inflation is like watching Green Acres to learn about farming.

Please go on about the current cumulative inflation rate since Biden took over. (if you even know what that is)

[fitnessislife]

Biden's Abysmal Record:

Gas: +55.5%
Groceries: +21.3%
Eating out: +21.8%
Baby food: +30%
Pet food: +23.1%
K-12 food: +64.9%
Rent: +20.8%
Electricity: +28.5%
Natural gas: +22%
Used cars: +20.4%
Airfare: +38.2%
Public transportation: +26.1%
Real average weekly earnings: -4.4%


......boom?

[nutsy54]

Inflation, already not bad, is slowing.

"Already not bad"?! Prior to the Biden Administration, 3.4% was the highest since 2011

https://www.usinflationcalculator.co...flation-rates/

[SillieBazzillie]

"Already not bad"?! Prior to the Biden Administration, 3.4% was the highest since 2011

https://www.usinflationcalculator.co...flation-rates/

Now do the prior 30 years boyo.

And do you expect inflation to be high during and recovering from the great recession?

You're just a disingenuous cultist.

[nutsy54]

Now do the prior 30 years boyo.

I literally provided a link to the data. The US saw >3.4% annual inflation in 2008, that's it going back to 2000. Meanwhile, last year was 4.1%, a number never seen before the Biden Administration going back to 2000. You can cherry-pick a few months here and there during that period, if you're really desperate to somehow rationalize 3.4% as "not bad".

Nearly 3 1/2 years into this administration, and it's still endless deflection from Biden's failures

[SillieBazzillie]

I literally provided a link to the data. The US saw >3.4% annual inflation in 2008, that's it going back to 2000. Meanwhile, last year was 4.1%, a number never seen before the Biden Administration going back to 2000. You can cherry-pick a few months here and there during that period, if you're really desperate to somehow rationalize 3.4% as "not bad".

Nearly 3 1/2 years into this administration, and it's still endless deflection from Biden's failures

Here are the inflation rates from 2000 - 2008: 3.4, 2.8, 1.6, 2.3, 2.7, 3.4, 3.2, 2.8, 3.8

So yes Mr. Liar, 3.4 is right in this range...oh that's right, you call unemployment .4 higher than the lowest recording on record as "high" and "increasing" because you're just a disingenuous liar.

Stay down Nutso.

[Dave22reborn]

8.7 Million Americans Now Work Two Jobs To Make Ends Meet Despite Inflation Continuing To Cool

https://finance.yahoo.com/news/8-7-m...193011733.html

More Americans are falling behind on credit card bills

https://www.npr.org/2024/05/14/12512...debt-inflation

Nearly one-fifth of Americans have ‘maxed out’ their credit cards as inflation and high interest rates push delinquencies to 3-year high

https://fortune.com/2024/05/14/ameri...nterest-rates/

PYMNTS.com reports borrowers who are more than three months late on payments have climbed from 3% to over 4% nationwide, and as high as 6% for those with subprime loans. Cox Automotive expects repossessions to jump from 1.2 million to 1.5 million this year.

https://www.fox26houston.com/news/la...ling-borrowers

[frankdtank20]

Here are the inflation rates from 2000 - 2008: 3.4, 2.8, 1.6, 2.3, 2.7, 3.4, 3.2, 2.8, 3.8

So yes Mr. Liar, 3.4 is right in this range...oh that's right, you call unemployment .4 higher than the lowest recording on record as "high" and "increasing" because you're just a disingenuous liar.

Stay down Nutso.

3.4% inflation is still too high for the FR to cut interest rates. Besides, the rate the Federal Reserve has things at right now is extremely normal. There's no reason to cut the overnight rates unless a bad recession hit. Absent that there's every reason to keep rates where they are, going a little higher is warranted. Rates where higher than this during the entire internet tech boom of the 90s. They lowered rates only after the dotcom recession hit in late 2000.

The interest rates set by the FR from 2008-2022 were without precedent, irresponsibly low for half of that time.

And inflation at 2% is what the Fed targets as a long term AVERAGE, not something for a month or two. With it at 3-9% for 3 years and counting it really needs to get a bit below 2% for awhile. Powell will just keep being dovish, which gets the tards hopeful rates will be brought down to irresponsible levels again, so as not to anger them, and to keep the stock market from cratering.

Tards who in the fall of 2022 were saying rate cuts were just around the corner keep being wrong. Nope, no cuts in 2024 absent a hard recession. Preferably none in 2025, whoever is President.

[nutsy54]

Here are the inflation rates from 2000 - 2008: 3.4, 2.8, 1.6, 2.3, 2.7, 3.4, 3.2, 2.8, 3.8

So yes Mr. Liar, 3.4 is right in this range...oh that's right, you call unemployment .4 higher than the lowest recording on record as "high" and "increasing" because you're just a disingenuous liar..

Why the hell did you go back just 16-24 years for your example?
Why did you pick a range where the average was 2.9%, and claim 3.4% is "right in this range" and "not bad"

Let's instead look at ALL Unemployment data on that chart before Biden, from 2000 through 2020. Then we see the average annual inflation rate was only 2.1%
Again, 3.4% is neither "right in this range" nor "not bad".

https://www.usinflationcalculator.co...flation-rates/

[fitnessislife]

8.7 Million Americans Now Work Two Jobs To Make Ends Meet Despite Inflation Continuing To Cool

https://finance.yahoo.com/news/8-7-m...193011733.html

More Americans are falling behind on credit card bills

https://www.npr.org/2024/05/14/12512...debt-inflation

Nearly one-fifth of Americans have ‘maxed out’ their credit cards as inflation and high interest rates push delinquencies to 3-year high

https://fortune.com/2024/05/14/ameri...nterest-rates/

PYMNTS.com reports borrowers who are more than three months late on payments have climbed from 3% to over 4% nationwide, and as high as 6% for those with subprime loans. Cox Automotive expects repossessions to jump from 1.2 million to 1.5 million this year.

https://www.fox26houston.com/news/la...ling-borrowers

CNN: Here's why all of that is a good thing, just stop being poor and complaining

[Procta]