Democrats

mahina

(19,030 posts) Fri Jul 5, 2024, 10:43 PM Jul 2024

Joe Biden Is A Successful President, Labour's Big Win, With Democrats Things Get Better (video,substack Simon Rosenberg)

Update: alas, it is not embedding on our video page. I will add the YouTube link when he posts it, as soon as I see it. Hope it is ok to post here as it is a video but won't embed. I've posted YouTube clips here but not video from Simon's substack before. It made me feel much better, is a truthful recap of great information that is being ignored by the media. I am sharing widely.

https://www.hopiumchronicles.com/p/joe-biden-is-a-successful-president-1bf?utm_source=podcast-email&publication_id=1223483&post_id=146306187&utm_campaign=email-play-on-substack&utm_content=watch_now_button&r=flm5h&triedRedirect=true&utm_medium=email

SIMON ROSENBERG
JUL 05, 2024
Happy Friday all. We got another strong, steady jobs report this morning, and exciting news from the UK. Let’s get to it:

Job Growth In June Exceeded Expectations Again - The June jobs report is out this morning and it’s another good one: 206,000 jobs created, unemployment rate now at 4.1%. The goal of our policy now is to slow the economy, get inflation down without tipping into recession. With inflation zero last month and this sturdy report we are getting closer to where we want the economy to be - growing but with slightly lower inflation. From the Washington Post this am:

“The labor market is still strong but not quite as strong as it was a year ago,” said Gus Faucher, chief economist at PNC. “If we see a bit slower job growth, a little bit of cooling competition for workers, slightly less wage growth, that should help get inflation back to the Fed’s 2 percent target.”

Here’s our updated monthly jobs tracker:

33.8m jobs = 16 years Clinton, Obama
15.7m jobs = 40 months of Biden
1.9m jobs = 16 years of Bush, Bush, Trump
Biden's 15.7m jobs are 8 times as many jobs as were created in the 16 years of the last 3 Republican Presidencies, combined. Since 1989 and the end of the Cold War, the US has seen 51 million new jobs created. 49.5 million of those 51.4 million jobs - 96% - have been created under Democratic Presidents. Just 2 million jobs - 4% - have been created under Republicans."/ snip

Heaps of great data, charts, compelling factual information that will change voters' perceptions of which candidate is better on the economy, in many ways, for one.

3 replies

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Highlight:

Joe Biden Is A Successful President, Labour's Big Win, With Democrats Things Get Better (video,substack Simon Rosenberg) (Original Post) mahina Jul 2024 OP

Rosenberg is an oasis of (generally evidence based) optimism, especially during this turmoil. Nt Fiendish Thingy Jul 2024 #1

Yes he is...unlike many who flip flop...he does not! PortTack Jul 2024 #2

The Price of Liberty is Eternal Vigilance #3: How Was the Biden Economy Doing in September 2024? Joe_Gadway Nov 12 #3

Fiendish Thingy

(18,784 posts)

1. Rosenberg is an oasis of (generally evidence based) optimism, especially during this turmoil. Nt

Reply to mahina (Original post)

Fri Jul 5, 2024, 10:45 PM

Jul 2024

PortTack

(34,825 posts)

2. Yes he is...unlike many who flip flop...he does not!

Reply to Fiendish Thingy (Reply #1)

Fri Jul 5, 2024, 11:03 PM

Jul 2024

Joe_Gadway

(49 posts)

3. The Price of Liberty is Eternal Vigilance #3: How Was the Biden Economy Doing in September 2024?

Reply to mahina (Original post)

Tue Nov 12, 2024, 02:49 PM

Nov 12

One of the most important weapons in the struggle to preserve liberty is TRUTH.
Dictators lie all the time.
People who know the truth are better able to protect their freedom than people who do not know the truth.
.
Dictators will tell you:
1. You have a huge problem or you are in terrible danger!
2. I am the only one who can save you!
3. I can only save you if you give me extraordinary powers like, maybe, suspending the rules of the Constitution, or giving me immunity so I can commit crimes in office!
.
Usually ALL of these claims are lies.
But when the people in a country fall for this con job, they end up with a dictator.
.
A wannabe dictator, for example, might tell you that when his opponents are in power the economy is terrible.
When he is in power he will say his economy is the greatest economy the world has ever seen, even if it is really no better than it was before.
Even if it is worse than it was before….
.
How can you tell if an economy is good or bad?
Do a quick search online to find out what are considered good ranges for three of the most important economic numbers:
1. Change in Gross Domestic Product or GDP, which is a measure of economic growth. A good range for GDP growth is 2%-3%. (Personally, I would prefer 2.5% to 3.5%, but I am not a professional economist….)
2. Unemployment Rate. Generally, 3% to 5% is considered good.
3. Inflation Rate. The US target for inflation is to be close to 2% and to average 2% over time.
.
Yesterday I looked at GDP growth from the Bureau of Economic Analysis.
In the 2nd quarter of 2024 GDP growth was 3.0%.
That is in the good range.
The advance number for the 3rd quarter of 2024 is 2.8%.
Also in the good range.
.
Yesterday I looked at the unemployment rate from the Bureau of Labor Statistics.
In both September and October of 2024, the unemployment rate was at 4.1%.
Those numbers are in the good range.
.
Yesterday I looked at the inflation rate from the Bureau of Labor Statistics.
In September of 2024, inflation was at 2.4%, which is pretty close to the ideal target of 2%.
.
Right now, economic growth, unemployment, and inflation, are all good in the United States.
Right now the US economy is doing good.
.
If anyone tells you right now that the US economy is doing badly… they are lying to you.

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