The Biden Administration and All Things Politics

[SteakNEggs]

Here's left leaning sources...

The latest U.S. economic data suggests a recession is coming, according to the chief executive of financial advisory firm Longview Economics, and investors may need to prepare for some pain in the stock market.

Speaking to CNBC's "Squawk Box Europe" on Friday, Chris Watling said he believed a recession was on its way, citing what he described as "pretty compelling" and "brutally bad" leading economic indicators.

A recession is coming — and stock markets won't come through it unscathed, strategist says

The latest U.S. economic data suggests a recession is coming, according to the chief executive of financial advisory firm Longview Economics.

www.cnbc.com

The earnings recession is here. There could be worse to come​

By Nicole Goodkind, CNN

https://www.google.com/amp/s/amp.cnn.com/cnn/2023/04/19/investing/premarket-stocks-trading/index.html

US labor market cooling; leading indicator flashes recession

US labor market cooling; leading indicator flashes recession

The number of Americans filing new claims for unemployment benefits increased moderately last week, suggesting the labor market was gradually slowing as the Federal Reserve's year-long interest rate hiking campaign dampens demand.

www.reuters.com

Stocks Fall as Recession Fears Grow
Dow industrials, S&P

Subscribe to The Wall Street Journal.

Gain trusted insights on today’s top stories. From finance and politics to technology and world news, get WSJ’s expert analysis and coverage on the news that impacts you.

store.wsj.com

 

[SteakNEggs]

Wishful thinking on your part. We're adding jobs still, and unemployment is still well under 4%.

https://www.bls.gov/news.release/pdf/empsit.pdf

You're bragging about a very stagnant economy that is in the dumps already. Name me one left wing news source and I'll show even they know a recession is coming. I've already added CNN and MSNBC above proving you wrong.

This Recession Indicator Has Been 100% Accurate Since 1955, and It's Flashing Again​

This Recession Indicator Has Been 100% Accurate Since 1955, and It's Flashing Again

What Will The Recession Look Like?​

What Will The Recession Look Like?

A recession may well be underway and it might be the first 'traditional' one in a long time - the 1990's might prove a good guide here.

www.forbes.com

A recession in 2023 is now inevitable. Layoffs in tech and finance will spread to other sectors​

A recession in 2023 is now inevitable. Layoffs in tech and finance will spread to other sectors

Don't let a seemingly strong jobs market fool you–the data today is reminiscent of the early days of past recessions, according to Murray Sabrin.

fortune.com

ECONOMY

A recession is coming — and stock markets won’t come through it unscathed, strategist says​

A recession is coming — and stock markets won't come through it unscathed, strategist says

The latest U.S. economic data suggests a recession is coming, according to the chief executive of financial advisory firm Longview Economics.

www.cnbc.com

https://jazzfanz.com/"https://adsse...Ubs49SKsSnv3jUjBpkBCutp9-OZOSvVFYjhfCXPl17n3"

 

[One Brow]

You're bragging about a very stagnant economy that is in the dumps already.

We added over 200,000 jobs in June. That's not stagnant.

Name me one left wing news source

View: https://www.npr.org/2023/04/14/1170170563/an-indicator-that-often-points-to-recession-could-be-giving-a-false-signal-this-



View: https://www.npr.org/2023/04/15/1170246247/federal-reserve-forecasters-warn-of-a-possible-recession-later-this-year


Neither story indicates it's more than a possibility.

I've already added CNN and MSNBC above proving you wrong.

Do you trust CNN and MSNBC to provide reliable news? I don't.

 

[Gameface]

Wishful thinking on your part. We're adding jobs still, and unemployment is still well under 4%.

https://www.bls.gov/news.release/pdf/empsit.pdf

I just changed jobs (again) and it was easy to find one and I had several other options that I didn't fully pursue. A few of those places were very energetic about getting me in for an interview. I work in the STEM field, not a "tech" job specifically, but dealing with electronics, automation, robotics, etc.. There is plenty of work. This will be my 4th job in the last two years as I'm basically shopping for a job I really like. I've turned down more jobs than I've taken and I've walked out of interviews or cancelled interviews because I found something I didn't like about the job or the company or the people I was working with during the hiring process. One I left because I was sitting in the lobby for 20min past the scheduled interview time, after arriving 10min early. I called the recruiter and told them that if I had been 20min late to the interview with no communication I wouldn't expect to get the job and the interview process is a two-way street. The company wanted to reschedule and promised to be on time for this one. I declined. They called back about a month later and wanted to see if I would reconsider. Nope. On another one I set up an interview via email with one guy for a specific time, he sent out a meeting request email to me and the other people I would be meeting with for an earlier time then we agreed to. I responded to all explaining that this was not the time I agreed to and if there was a change it should have been discussed with me so I am no longer interested in the position. They asked if we could reschedule for a time that worked for me. Nope.

For the moment the power is still pretty firmly in the hands of skilled labor.

Some of the big companies that have recently had big layoffs were both hording talent (trying to keep high skilled workers out of the job market and/or working for their competitors) and coming off stupid business decisions. Facebook, or META (lmfao), just went hard into VR and the "metaverse" and have been hemorrhaging hundreds of millions of dollars with no return. Twitter is owned by an idiot-savant who is in idiot mode on this deal. Anyway, point being is that a recession economy is not the sole reason these companies are laying people off. Layoffs due to a recession are not usually at the leading edge of a recession. People are still spending, people are still working. Fed rate hikes will start to slow investment which will cause some jobs to be lost. This is the current BKM for dealing with inflation. This is under the control of the Fed, not the POTUS.

 

[SteakNEggs]

We added over 200,000 jobs in June. That's not stagnant.



View: https://www.npr.org/2023/04/14/1170170563/an-indicator-that-often-points-to-recession-could-be-giving-a-false-signal-this-



View: https://www.npr.org/2023/04/15/1170246247/federal-reserve-forecasters-warn-of-a-possible-recession-later-this-year


Neither story indicates it's more than a possibility.


Do you trust CNN and MSNBC to provide reliable news? I don't.

I trust that over 200,000 people will be laid off in tech alone by the end of the month. This is because we all know what's on the horizon. Wanna place a $200 bet that a recession will happen by the next year?

tech layoffs 2023 - Bing

Intelligent search from Bing makes it easier to quickly find what you’re looking for and rewards you.

www.bing.com

 

[TheGoldStandard]

Unemployment rates look artificially low due to so many people retiring or not looking for work. There are many factors at play, but market participation (people not working and looking for jobs) is lower than it has ever been.

www.forbes.com/sites/qai/2023/01/25/unemployment-is-low-but-so-is-the-labor-force-participation-rate---whats-going-on-in-the-us-labor-market/amp/

 

[SteakNEggs]

Unemployment rates look artificially low due to so many people retiring or not looking for work. There are many factors at play, but market participation (people not working and looking for jobs) is lower than it has ever been.

www.forbes.com/sites/qai/2023/01/25/unemployment-is-low-but-so-is-the-labor-force-participation-rate---whats-going-on-in-the-us-labor-market/amp/

Exactly... This is a direct sign of a looming recession. Every single news outlet is predicting this.

 

[fishonjazz]

I have the sinking feeling that not an insignificant part of the GOP wants to push the country into default because they want to force a recession. They think a recession would benefit Trump heading into 2024.

Oh, that is a guarantee. Problems are way better than solutions for the party not in power.

 

[SteakNEggs]

Oh, that is a guarantee. Problems are way better than solutions for the party not in power.

I would LOVE some solutions, but Democrats are in charge. Absolutely mind boggling how Democrats can blame Republicans for their failures. I'm pretty well off but the Biden administration is squeezing me when Trump was making life way easier. My IRA is just slowly starting to rebound after the last 2 years of Democrat failures. I can't even go to the grocery store and not spend $100 on basic every day items. My electricity bill has doubled.

It's on your party to find solutions not the ones not in charge. How utterly ridiculous.

 

[fishonjazz]

I mean if the republican party wants the next president to be a republican then a strong economy and/or a united and happy america would be the worst thing that could happen. Same goes for if a republican were president. I bet there were plenty of democrats who were happy that the pandemic happened when it did as it hurt the chances of trump getting re-elected.

Its really lame that things are that way but its also the truth. Sadly. Right now problems have much more value to the GOP than solutions do. Same goes for when a republican is the president. The two party system really sucks.

I mean some people actually say and type things like "your party is in charge so they should be the ones to fix all the problems". How stupid is that? The republican party is in control of the house. I haven't heard a bunch of great ideas coming from the house though. The goverment, state and federal, has thousands of employees of both parties yet only one party should or can actually solve any of the problems? That is the two party system at work right there.

 

[SteakNEggs]

I mean if the republican party wants the next president to be a republican then a strong economy and/or a united and happy america would be the worst thing that could happen. Same goes for if a republican were president. I bet there were plenty of democrats who were happy that the pandemic happened when it did as it hurt the chances of trump getting re-elected.

Its really lame that things are that way but its also the truth. Sadly. Right now problems have much more value to the GOP than solutions do. Same goes for when a republican is the president. The two party system really sucks.

I mean some people actually say and type things like "your party is in charge so they should be the ones to fix all the problems". How stupid is that? The republican party is in control of the house. I haven't heard a bunch of great ideas coming from the house though. The goverment, state and federal, has thousands of employees of both parties yet only one party should or can actually solve any of the problems? That is the two party system at work right there.

Gas was low, jobs were good, unemployment was standard, minorities were being hired at record rates, women as well. We had the most peaceful 4 years in many many decades as far as conflict abroad, we went down to 2400 troops in a needless war, the economy was strong in nearly every facet under Trump. To sit and act like the president is meaningless is absurd fish. Absolutely absurd. Now Covid messed that up and Trump as well as pretty much every other leader failed. I came in here daily to talk about Trumps accomplishment and peace treaties, and him funding black colleges and his law reform that got tens of thousands out of jail, and his border, his creation of space force, his bills protecting animals, his efforts towards human traffcking and sex trafficking with his FOSTA and SESTA bills(something Biden has destroyed and you stay silent between that and the new reports of sex slavery the Biden administration openly allowed), his making hemp legal, him making insulin dirt cheap, the lowest 25% gaining a 4% wealth increase, trump signing multiple bills to help the environment, allowing drug imports from Canada that Democrats squashed, signing a bill that required Medical Establishments and pharma to put their cost in writing that Democrats squashed, him creating VA helplines to protect Vets from suicide, he also required the secretary of defense, homeland security, and VA to easy access to mental health. 12 weeks of paid maternal leave, allowing small business to team up for cheaper health insurance(this helped me tremendously after Obamacare), the First Step act that got hundreds of thousands of black people out of jail for petty crimes, singing debt relieve for HBUs that were crushed by Katrina, home sales went up a whopping 31%, 400,000 manufacturing jobs created.... ... .

I could go on for days. This is just off of the top of my head. This is why you guys hated him. He was not the war mongering established politician and the Clintons and Obamas had made sure to create blatant stupid hoaxes you all pusted to turn the gullible on him. They created stupid hoaxes, they impeached him over something someone heard someone else hear on a telephone, they impeached him for looking into Hunter that we no know was legit as the FBI already had a case but literally hid this info to hurt Trump. But hey, you think a president is worthless because yeah Biden is.... It's no wonder you think that. Again.. I was here every day pretty much gloating about Trumps accomplishments. And I agree that Trump can be a raging moron in many ways and that's why I kind of want him gone but he was extremely successful. Now look at this thread... You guys cannot talk about Bidens sucess so you have to make up ******** hoaxes and arrest him for a petty hush payment. All why hypocritically turning a blind eye on Biden and his obvious criminal enterprise. I mean... The guy literally used the FBI and DOJ to suprress media and literally censor media outlets. A direct infringement on the 1st amendment. That's nothing compared to Democrats attack on the second amendment. Their attack on Title IX.

 

[SteakNEggs]

I can talk all day about Trumps accomplishments... You guys cant say anything about Biden besides "he's a nice guy" so you have to yell and scream about Trump. Over 2 years straight... Every...single...day.

 

[fishonjazz]

I hated trump because he was not a war monger lol. Nah, it was more due to the raging moron aspect. I have said this many times before. I hated trump before he ever ran for president. I knew he was a douche before he became a politician and definitely before he was elected.

Also, my post was about how its good for the party not in power to have bad things happen. Of course he didn't address my point at all. Just rambled about the usual. Like lets say trump wasn't a raging moron and only good things happened while he was president and everyone was united and loved him and his approval rating got over 50%. That would be bad for the democratic party as trump would certainly get re-elected. I would definitely vote for trump if that was the case. Democrats were happy that the pandemic hit and there was a ton of social unrest and trump was a raging moron. Just like the GOP is very happy at high inflation and high gas prices. They love that ****. They love that biden is old as hell and going senile. They dont want a fantastic economy and a for biden to seem like a verile young genius. That would mean that they have no chance to win in 2024.
Two party system sucks.

 

[SteakNEggs]

I hated trump because he was not a war monger lol. Nah, it was more due to the raging moron aspect. I have said this many times before. I hated trump before he ever ran for president. I knew he was a douche before he became a politician and definitely before he was elected.

Also, my post was about how its good for the party not in power to have bad things happen. Of course he didn't address my point at all. Just rambled about the usual. Like lets say trump wasn't a raging moron and only good things happened while he was president and everyone was united and loved him and his approval rating got over 50%. That would be bad for the democratic party as trump would certainly get re-elected. I would definitely vote for trump if that was the case. Democrats were happy that the pandemic hit and there was a ton of social unrest and trump was a raging moron. Just like the GOP is very happy at high inflation and high gas prices. They love that ****. They love that biden is old as hell and going senile. They dont want a fantastic economy and a for biden to seem like a verile young genius. That would mean that they have no chance to win in 2024.
Two party system sucks.

Then why do you only complain about Trump and nothing else? Honest question. Biden is flat out garbage there is no denying that yet all you guys talk about here is how to get Trump. Right? Nearly every post with you guys is about a guy not even in charge. Shouldn't you be attacking the system and worrying about things that actually matter? Lol yeah right fish. I don't buy this post at all.

And I have no arguments that the Republican party is **** outside of a few. I think many Republicans agree. This is why we voted in a career moderate(even left leaning) businessman in Trump. This is why we look past many of his ********. He is not the two party system. He may lean right but as I pointed out above he policy is rather moderate with a splash of fat right. He's just a loud mouth idiot. This is why the establishment of the two party system hates him so much. Swamp righties like Mitch McConnell, war mongering Lyndsey Graham, fat *** Chris Christie. Not too mention we have our own idiot radicals like MGT and Boebert which are basically the lefts version of AOC and her squad.

 

[One Brow]

I trust that over 200,000 people will be laid off in tech alone by the end of the month.

Vs. how many new jobs created?

Wanna place a $200 bet that a recession will happen by the next year?

I don't bet.

 

[One Brow]

Unemployment rates look artificially low due to so many people retiring or not looking for work. There are many factors at play, but market participation (people not working and looking for jobs) is lower than it has ever been.

The link I offered said that it had been rising.

https://www.bls.gov/news.release/pdf/empsit.pdf

 

[The Thriller]

I mean if the republican party wants the next president to be a republican then a strong economy and/or a united and happy america would be the worst thing that could happen. Same goes for if a republican were president. I bet there were plenty of democrats who were happy that the pandemic happened when it did as it hurt the chances of trump getting re-elected.

Its really lame that things are that way but its also the truth. Sadly. Right now problems have much more value to the GOP than solutions do. Same goes for when a republican is the president. The two party system really sucks.

I mean some people actually say and type things like "your party is in charge so they should be the ones to fix all the problems". How stupid is that? The republican party is in control of the house. I haven't heard a bunch of great ideas coming from the house though. The goverment, state and federal, has thousands of employees of both parties yet only one party should or can actually solve any of the problems? That is the two party system at work right there.

There’s a difference though, I’ve never seen Democrats willingly plunge the country into a tailspin (like the default) for political gain. If they had wanted to do that, they would’ve killed all the Covid relief that Trump passed. It would’ve exacerbated the recession and plunged us into a depression which might’ve benefitted Biden in 2020. I also can’t remember the last time Democrats shut down the government while in my lifetime I’ve seen Republicans do it 3 times. Let’s not both sides things here. The default is something that could be easily avoided but because the GOP has given up the idea of governing and has ceded leadership to nutjobs like MTG and Gaetz, they’re incapable of doing anything productive.

 

[SteakNEggs]

There’s a difference though, I’ve never seen Democrats willingly plunge the country into a tailspin (like the default) for political gain. If they had wanted to do that, they would’ve killed all the Covid relief that Trump passed. It would’ve exacerbated the recession and plunged us into a depression which might’ve benefitted Biden in 2020. I also

can’t remember the last time Democrats shut down the government while in my lifetime I’ve seen Republicans do it 3 times. Let’s not both sides things here. The default is something that could be easily avoided but because the GOP has given up the idea of governing and has ceded leadership to nutjobs like MTG and Gaetz, they’re incapable of doing anything productive.

Besides the accomplishments I posted above of course.
#unity

 

[fishonjazz]

Then why do you only complain about Trump and nothing else? Honest question. Biden is flat out garbage there is no denying that yet all you guys talk about here is how to get Trump. Right? Nearly every post with you guys is about a guy not even in charge. Shouldn't you be attacking the system and worrying about things that actually matter? Lol yeah right fish. I don't buy this post at all.

And I have no arguments that the Republican party is **** outside of a few. I think many Republicans agree. This is why we voted in a career moderate(even left leaning) businessman in Trump. This is why we look past many of his ********. He is not the two party system. He may lean right but as I pointed out above he policy is rather moderate with a splash of fat right. He's just a loud mouth idiot. This is why the establishment of the two party system hates him so much. Swamp righties like Mitch McConnell, war mongering Lyndsey Graham, fat *** Chris Christie. Not too mention we have our own idiot radicals like MGT and Boebert which are basically the lefts version of AOC and her squad.

Why do I constantly talk about trump? Because every one does. He is constantly in the news. Every time i go to yahoo there is trump on the front page.

 

[SteakNEggs]

Why do I constantly talk about trump? Because every one does. He is constantly in the news. Every time i go to yahoo there is trump on the front page.

Never said you can't. I'm pointing out how you say you hate the 2 party system but never actually talk about it. Just a guy who has nothing to do with anything in the current system. Biden is the epitome of 2 party system with his history yet I never hear you complain about him. And yes... IMO Trump is the scapegoat to actually addressing the severe failures of Biden, this is what yahoo and the MSM media want. Is for the focus to be on Trump not the stagnant economy, not Biden ignoring slave labor and sex trafficking, not the 200,000+ jobs lost in tech alone this year, not the FBI admitting that it helped Biden completely conceal and cancel media outlets over the laptop and by the FBI own admittance the Biden administration meddled in the election. Far worse than anything Trump has ever done.

These are MUCH more pressing issues than the Orange man imo. People are legitimately struggling in a vast amount of areas due to Bidens failures and that has nothing to do with Trump.