Bummer Summer Jobs Disaster

[Alf'Omega]

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[Gunnar]

Only an idiot would think this. Trump's economic incompetence caused the economic calamity that happened under his watch. In all, Trump lost jobs over four years and only averaged 180,000 per month before the pandemic. Projections mean nothing, because the official data is always changing. July's jobs were 100,000 more than projected and the August report revised those numbers upwards to over 1.1 million, but I don't recall seeing you brag about the economy doing better than projected. The jobs numbers for May and June were also revised upwards over 110,000 in the July report. The jobs are coming back faster than anything we've seen in the past 40 years, it's just the idiots on the Right causing the recent delay by refusing to get vaccinated. You cause a problem and then gloat about it because you think you can go with correlation = causation and blame Biden. It is like being so damned dumb to be willing to kill yourselves just so Biden can't say he met his vaccination goals. People are refusing to go back to work in the food retail industry because of the COVID surge, thanks to half the country being unvaccinated. Workers don't want to be subjected to death like the 30 people who just died in one school district in Florida.

Brietbart is a sham of an outlet. When Jobs surpassed 900,000 for two months straight where was Brietbart? And why didn't it mention that GDP was adjusted upwards from previous months?

Ajax is yet another shining example of the backfire effect I discussed in another post, as he has so often demonstrated.

[Gunnar]

Only an idiot would think this. Trump's economic incompetence caused the economic calamity that happened under his watch. In all, Trump lost jobs over four years and only averaged 180,000 per month before the pandemic. Projections mean nothing, because the official data is always changing. July's jobs were 100,000 more than projected and the August report revised those numbers upwards to over 1.1 million, but I don't recall seeing you brag about the economy doing better than projected. The jobs numbers for May and June were also revised upwards over 110,000 in the July report. The jobs are coming back faster than anything we've seen in the past 40 years, it's just the idiots on the Right causing the recent delay by refusing to get vaccinated. You cause a problem and then gloat about it because you think you can go with correlation = causation and blame Biden. It is like being so damned dumb to be willing to kill yourselves just so Biden can't say he met his vaccination goals. People are refusing to go back to work in the food retail industry because of the COVID surge, thanks to half the country being unvaccinated. Workers don't want to be subjected to death like the 30 people who just died in one school district in Florida.

Brietbart is a sham of an outlet. When Jobs surpassed 900,000 for two months straight where was Brietbart? And why didn't it mention that GDP was adjusted upwards from previous months?

Ajax is yet another blazing example of the backfire effect I discussed in another post, as he has so often demonstrated.

[Alf'Omega]

Economies typically do better under Democrat administrations and this isn't even debatable really as the numbers don't lie. The last three or four recessions began under a tax-cutting Republican's watch and yet there are still people who think rich businessmen are what's best to run the country. Ajax's only refrain is that Biden's economy, while booming at record pace, isn't recovering fast enough for his taste, which was the same complaint during the Obama recovery. People like this aren't interested in what's true or what's best for the country.

If only Trump were President we'd see record job growth. If only Trump were President the Afghan evac would've been perfect. These people have amnesia because we don't need to speculate what Trump would do if he were President because he WAS President for four years and he did nothing but break his promises, steal money from his own campaign, swindle donors who were forced to sue him, get impeached twice, golf more than the next two Presidents combined, caused the deaths of 200,000+ by mishandling the pandemic, betray tge country by bowing down to dictators, etc. And his handling of Syria proves he would've handled Afghanistan no better.

Trump left Biden with a backlog of more than 17,000 Afghan applications to come here legally because his racist in chief Steve Miller threw a fit insisting we don't need more Muslims roaming the country.

[Gunnar]

And let us not forget that the great depression itself last century began under a conservative, Republican administration. So much for Republican administrations being better for the economy!

[Res Ipsa]

Employment statistics are subject to multiple economic forces, with actions by the president being one or the weaker forces. Right now we have two very strong forces in play: the delta variant and a restructuring on the supply side of the labor force.

Whether governors reimpose mandatory restrictions or not, the spiking rates of COVID across the country cause lots of folks to be more cautious about getting out and spending money. As a result, demand is slowed down and businesses don’t have a need to hire as quickly.

But there also appears to be a dramatic shift on the labor supply side. People who were working several part time jobs at minimum wage to get by aren’t returning to those jobs. So we currently have a situation in which there are lots more jobs than unemployed people. (Recall that to be counted as unemployed, one must be actively looking for work.)

It’s hard to say where the economy will end up after this delta wave ends and the supply side of the labor market ends its current shift. But the political party of the current president has little to do with where the economy winds up.

[ajax18]

And $3.5 trillion more in welfare and perpetual unemployment spending by Democrats has no effect on the labor supply. Got it.

Just dole it out then inflate the currency as a not so subtle means of raising taxes on working people to pay for those who won't work.

[Res Ipsa]

And $3.5 trillion more in welfare and perpetual unemployment spending by Democrats has no effect on the labor supply. Got it.

Just dole it out then inflate the currency as a not so subtle means of raising taxes on working people to pay for those who won't work.

None of that has anything to do with what the president has power to do. Neither does it accurately represent the current state of the economy.

[canpakes]

And $3.5 trillion more in welfare and perpetual unemployment spending by Democrats has no effect on the labor supply. Got it.

Just dole it out then inflate the currency as a not so subtle means of raising taxes on working people to pay for those who won't work.

None of that has anything to do with what the president has power to do. Neither does it accurately represent the current state of the economy.

How much of that proposed money has gone anywhere yet, anyway?

[Res Ipsa]

None of that has anything to do with what the president has power to do. Neither does it accurately represent the current state of the economy.

How much of that proposed money has gone anywhere yet, anyway?

Of the $3.5 trillion? Exactly 0.

Of course, according to classical economic theory, any increase in deficit spending has the potential to increase inflation. Why Ajax thinks that massive tax cuts for the rich don’t but increased spending on the poor does is anyone’s guess.