Another shockingly good jobs report shows America’s economy under Biden admin is booming

very true 

they see and hear only what they want to see and hear  and when real information accidentally gets through their  news filters  they dismiss it immediately

SAVE THIS!

UNEMPLOYMENT...4.1%

GAS...$3.12 PER GALLON

S&P 500..6,049.24

INFLATION RATE...2.9

DOW JONES..44,025.81

@Midnight1

This thread title is literal comedy every time I see it. When you realize that every job report comes back drastically lower than reported, this thread is comedy. 

 Biden admin!

BUT  of course . . .

Trump’s grant gambit threatens to wreck the goldilocks economy he inherited from President Biden

New York, CNN —

A two-page memo, totaling less than a thousand words and packed with right-wing rhetoric, threw the fate of the US economy into uncertain territory late Monday as the [convicted felon/rapist] ordered the suspension of hundreds of billions of dollars in federal grants and loans. 

Unemployment  rate dropped to 4% in January

as Biden admin handed off a good (not great!) economy to the MAGA fascists

Now just watch the fascist MAGAtt admin fuckeverything up to new record levels

@Zeus4par

Already well underway, mon frère.        Unfortunately for America...

Number of nationwide protests against gov't lawlessness/incompetence/corruption - at this point of a new presidency - is already completely unheard of in our modern history!

And this just 4 weeks into office

And now UNEMPLOYMENT is rising - due to the THOUSANDS of firings by the CONVICTED FELON...

The days of the SPX as the primary economic indicator are gone.... The Trump I & Biden I regimes' reliance of pointing to the stock market and saying "the economy is fine" will soon be a thing of the past.  

Bessent's appointment was the first big red flag in the shift.  Bonds... 

The 10 year yield, a falling 10 year yield, sounds like is going to be the economic sign Trump II is out for... 

https://www.bloomberg.com/news/features/2025-02-24/elon-musk-s-doge-budget-cut-plans-aren-t-convincing-the-bond-market?embedded-checkout=true

Per Moody's analytics....

The top 10% account for half of all consumer spending . The top 10% also own 90% of the stock market.

The top 10% of American earners — households making about $250,000 a year or more — account for 49.7% of all spending, according to Moody’s Analytics. Three decades ago, the top 10% accounted for about 36% of spending.

This will continue

Problem is US has the most income inequality in the world.  Over time, the rich became richer and trickle down economics don't work.  Upward mobility or American dream is more feasible in other countries. Tax cuts favoring mostly the rich worsens problem.  Concentration of wealth and power in a few people contributes to failing democracy in the US.

Posted: #352

Posted: #352

Never mind