Almost unprecedented jobs growth, record low unemployment for the modern era, shrinking federal deficits, strong wage growth — not in any sense signs of economic disaster Employment has exceeded pre pandemic levels, a key goal of the American Rescue Plan. The economy isn’t perfect. But we’d bothering Ramirez (or the ghost of old Sheldon that haunts his drawing table) is that Bidenomics makes American investors take a back seat to American workers.
The Economy is slowly healing, and would do so more rapidly if certain Conservative legislators and pundits would stop yanking off the bandages and gloating over the still-raw wounds.
Everything the Biden administration has touched has turned into disaster. If it weren’t for the Republicans, there would be even higher gas prices, even higher energy bills, and more people who can barely live on one paycheck alone
Suspending the federal gas tax and other gimmicks like eliminating student loan debt will only make inflation worse, says W. Michael Blumenthal.Democrats have been talking more openly about oil price controls in recent weeks — controls that were tried in the late 1970s and failed. C. Fred Bergsten, the assistant secretary for international affairs at the Treasury Department from 1977 to 1981, said the United States should avoid the kind of domestic oil price controls that Carter tried. The controls only served to reduce the supply and distort the energy markets.Blumenthal and Barry P. Bosworth, who led the Carter administration’s Council on Wage and Price Stability, from 1977 to 1979, agree that the $1.9 trillion pandemic stimulus package that the Democrats passed last year is powering the current inflation.
The U.S. economy is in growth mode in spite of inflation. Inflation is world-wide, not just in the U.S. Europe is over 4 points higher than here, and $4+/gal higher for gas. Turkey has a 78% inflation rate. We have record high working, record low unemployment, with another 372,000 jobs added last month. Ramirez is fear peddling.
Apologies for the repeat: Despite being in the minority, members of the SCOTUS, “Conservatives,” RWNJs, and white supremacists are attempting to drag this country back to their imaginary Jeffersonian agrarian idyl. The 1790 census (when Jefferson was Secretary of State), counted 5.3M Americans. Only white males owning 50 acres or more of land were permitted to vote, approximately 6% of the population. Free white men who did not own land, free white females, and slaves could not vote. In 1790 the American population was largely rural, making a living by farming. Our most recent census counted 332,403,650 Americans. Current estimates are that 83% of Americans live in urban areas. They do not work at farming. In pursuit of “small government,” the following are conservatives’ goals for their Jeffersonian America: 1. No women’s rights. 2. No civil rights for people of color, or for any other minority groups. 3. No immigration, other than Caucasians. 4. No labor unions. 5. No health insurance. 6. No legal recourse due to Republican-packed courts. 7. No social security. 8. No disability insurance. 9. No minimum wage. 10. No free and fair elections (ultimately, no elections). 11. Imposed state religion; government funding of religious schools. 12. Unregulated militias unchecked by Republican-packed courts. 13. No work on mitigating climate change; no environmental protections. 14. No free press. GOP politicians don’t care about the environment or mitigating climate change because they intend to stay permanently in office and use their money and power to take over remaining livable locations as environmental conditions worsen. Republican leaders don’t care if America dies as long as they can feed off the carcass for their lifetimes. Why do you people who support today’s GOP, Trump, and Trump wannabes think that you will come out winners under this regime?
OK, if by “American Economy” you mean gas prices, nothing the gubmint can do about that. Otherwise, the economy is if anything too healthy (which is part of the story of non-gas inflation), and what about those “Help Wanted” signs in every window??
PS the wholesale prices for oil are falling fairly steeply. Self-interested players will of course keep the retail prices up as long as possible.
I seem to remember O’Reilly saying “if we can keep the economy in the toilet, we’ll win in November”. Good work Manchin, Sinema, and the entire republican party.
The unemployment rate is 3.6%. The price of gas has been falling for a month, despite 4th of July Holiday demand. Mortgage rates are falling. Inflation is going to remain high until Putin stops fighting & covid waves don’t cause constant disruption in the supply chains. No President can do much about it.
Republicans will continue their quest to make abortion illegal in 50 states & turn elections into a joke.
Judge Magney almost 2 years ago
Almost unprecedented jobs growth, record low unemployment for the modern era, shrinking federal deficits, strong wage growth — not in any sense signs of economic disaster Employment has exceeded pre pandemic levels, a key goal of the American Rescue Plan. The economy isn’t perfect. But we’d bothering Ramirez (or the ghost of old Sheldon that haunts his drawing table) is that Bidenomics makes American investors take a back seat to American workers.
RAGs almost 2 years ago
Shot down by Q-publicans to make sure they have something to complain about at election time.
PraiseofFolly almost 2 years ago
The Economy is slowly healing, and would do so more rapidly if certain Conservative legislators and pundits would stop yanking off the bandages and gloating over the still-raw wounds.
Jack7528 almost 2 years ago
Good one.
Jack7528 almost 2 years ago
It isn’t just the rescue plan. Biden has gone back to regulating everything and that only drives the cost of everything.
Tomato Dog almost 2 years ago
Everything the Biden administration has touched has turned into disaster. If it weren’t for the Republicans, there would be even higher gas prices, even higher energy bills, and more people who can barely live on one paycheck alone
tamrich59 almost 2 years ago
The truth hurts!
BeniHanna6 Premium Member almost 2 years ago
That old fool sure ain’t Tom Cruise.
Grace L. Ferguson Border Patrol and Screen Doors almost 2 years ago
CARTER ADMINISTRATOIN OFFICIALS:
Suspending the federal gas tax and other gimmicks like eliminating student loan debt will only make inflation worse, says W. Michael Blumenthal.Democrats have been talking more openly about oil price controls in recent weeks — controls that were tried in the late 1970s and failed. C. Fred Bergsten, the assistant secretary for international affairs at the Treasury Department from 1977 to 1981, said the United States should avoid the kind of domestic oil price controls that Carter tried. The controls only served to reduce the supply and distort the energy markets.Blumenthal and Barry P. Bosworth, who led the Carter administration’s Council on Wage and Price Stability, from 1977 to 1979, agree that the $1.9 trillion pandemic stimulus package that the Democrats passed last year is powering the current inflation.
librarylady59 almost 2 years ago
Oh dear. Another fall on his face…
Zebrastripes almost 2 years ago
This is their MO!
Obstructionists, lie, deceive, destroy, violence, suppression of WOMEN!
What a bunch of ancient moves. Just to gain power again…(((((((GASP! ))))))))
Radish the wordsmith almost 2 years ago
Republiguns do nothing and then complain nothing was done.
ChristopherBurns almost 2 years ago
MR. Ramierez left out the McConnell’s gremlins trashing crucial parts of that helicopter.
ncorgbl almost 2 years ago
The U.S. economy is in growth mode in spite of inflation. Inflation is world-wide, not just in the U.S. Europe is over 4 points higher than here, and $4+/gal higher for gas. Turkey has a 78% inflation rate. We have record high working, record low unemployment, with another 372,000 jobs added last month. Ramirez is fear peddling.
cwg almost 2 years ago
Now in glorious living color, America going down in flames by the Biden administration.
rs0204 Premium Member almost 2 years ago
Gas has come down in price, the jobs report was excellent last month, and supply chains are improving.
The only thing crashing & burning is mike’s narrative.
casonia2 almost 2 years ago
Apologies for the repeat: Despite being in the minority, members of the SCOTUS, “Conservatives,” RWNJs, and white supremacists are attempting to drag this country back to their imaginary Jeffersonian agrarian idyl. The 1790 census (when Jefferson was Secretary of State), counted 5.3M Americans. Only white males owning 50 acres or more of land were permitted to vote, approximately 6% of the population. Free white men who did not own land, free white females, and slaves could not vote. In 1790 the American population was largely rural, making a living by farming. Our most recent census counted 332,403,650 Americans. Current estimates are that 83% of Americans live in urban areas. They do not work at farming. In pursuit of “small government,” the following are conservatives’ goals for their Jeffersonian America: 1. No women’s rights. 2. No civil rights for people of color, or for any other minority groups. 3. No immigration, other than Caucasians. 4. No labor unions. 5. No health insurance. 6. No legal recourse due to Republican-packed courts. 7. No social security. 8. No disability insurance. 9. No minimum wage. 10. No free and fair elections (ultimately, no elections). 11. Imposed state religion; government funding of religious schools. 12. Unregulated militias unchecked by Republican-packed courts. 13. No work on mitigating climate change; no environmental protections. 14. No free press. GOP politicians don’t care about the environment or mitigating climate change because they intend to stay permanently in office and use their money and power to take over remaining livable locations as environmental conditions worsen. Republican leaders don’t care if America dies as long as they can feed off the carcass for their lifetimes. Why do you people who support today’s GOP, Trump, and Trump wannabes think that you will come out winners under this regime?
Li'l Dale almost 2 years ago
What did Trump do this time?
AndrewSihler almost 2 years ago
OK, if by “American Economy” you mean gas prices, nothing the gubmint can do about that. Otherwise, the economy is if anything too healthy (which is part of the story of non-gas inflation), and what about those “Help Wanted” signs in every window??
PS the wholesale prices for oil are falling fairly steeply. Self-interested players will of course keep the retail prices up as long as possible.
FJB Premium Member almost 2 years ago
July 11th, 2022, news – Poll: Joe Biden’s Approval Rating Sinks to Historic Low of 29 Percent
wildthing almost 2 years ago
I seem to remember O’Reilly saying “if we can keep the economy in the toilet, we’ll win in November”. Good work Manchin, Sinema, and the entire republican party.
Uncle Joe Premium Member almost 2 years ago
The unemployment rate is 3.6%. The price of gas has been falling for a month, despite 4th of July Holiday demand. Mortgage rates are falling. Inflation is going to remain high until Putin stops fighting & covid waves don’t cause constant disruption in the supply chains. No President can do much about it.
Republicans will continue their quest to make abortion illegal in 50 states & turn elections into a joke.
MuddyUSA Premium Member almost 2 years ago
You old Rags need to start living in the world of reality and not in the befuddled leftistagenda of woke-ism!!! “WAKE” up!
Moxie over 1 year ago
Yeah, but that’s how it was running when he picked it up from the last guy, just like the time before that, and the time before that…