Good news! Biden says to hell with deficits!

tjohn said:

Let's revisit these arguments that spending doesn't matter when the U.S. dollar is no longer the world's reserve currency.

I used to be more worried about that. I'm sure eventually this will happen, but I no longer think it's necessarily going to be anytime soon or that it will necessarily be as big a deal when it does.



The March jobs report came out yesterday and, once again, it was terrific. The economy added 431,000 jobs in March, and the figures for January and February were revised upward by 95,000. The U.S has added 1.7 million jobs between January and March, and unemployment is near an all-time low of 3.6%. As employment has risen, employers have had to raise wages to get workers. So, wages are up 5.6% for the year that ended in February.

Inflation in the U.S. is the highest it’s been in 40 years at 7.9%, but those high numbers echo other developed countries. Russia’s war on Ukraine, which is driving already high gasoline prices upward, and continuing supply chain problems are keeping inflation numbers high. These numbers matter not just because they show the U.S. coming out of the pandemic, but because they prove that Biden’s approach to the economy works. The key to this economic recovery was the American Rescue Plan, passed in March 2021 without a single Republican vote, that dedicated $1.9 trillion to helping the economy recover from the pandemic shutdowns. The vote on the American Rescue Plan indicated the dramatic difference in the way Democrats and Republicans believe the economy works.

Like drummer boy keeps repeating, you can’t run a country’s economy like you run your household.  


Jaytee said:

The March jobs report came out yesterday and, once again, it was terrific. The economy added 431,000 jobs in March, and the figures for January and February were revised upward by 95,000. The U.S has added 1.7 million jobs between January and March, and unemployment is near an all-time low of 3.6%. As employment has risen, employers have had to raise wages to get workers. So, wages are up 5.6% for the year that ended in February.

Inflation in the U.S. is the highest it’s been in 40 years at 7.9%, but those high numbers echo other developed countries. Russia’s war on Ukraine, which is driving already high gasoline prices upward, and continuing supply chain problems are keeping inflation numbers high. These numbers matter not just because they show the U.S. coming out of the pandemic, but because they prove that Biden’s approach to the economy works. The key to this economic recovery was the American Rescue Plan, passed in March 2021 without a single Republican vote, that dedicated $1.9 trillion to helping the economy recover from the pandemic shutdowns. The vote on the American Rescue Plan indicated the dramatic difference in the way Democrats and Republicans believe the economy works.

Like drummer boy keeps repeating, you can’t run a country’s economy like you run your household.  

when Trump was in office, Republicans voted for pandemic relief.  They know full well how the economy works.  It's just that they are willing to screw the entire country and tank the economy if it will damage a Democratic president.


ml1 said:

Jaytee said:

The March jobs report came out yesterday and, once again, it was terrific. The economy added 431,000 jobs in March, and the figures for January and February were revised upward by 95,000. The U.S has added 1.7 million jobs between January and March, and unemployment is near an all-time low of 3.6%. As employment has risen, employers have had to raise wages to get workers. So, wages are up 5.6% for the year that ended in February.

Inflation in the U.S. is the highest it’s been in 40 years at 7.9%, but those high numbers echo other developed countries. Russia’s war on Ukraine, which is driving already high gasoline prices upward, and continuing supply chain problems are keeping inflation numbers high. These numbers matter not just because they show the U.S. coming out of the pandemic, but because they prove that Biden’s approach to the economy works. The key to this economic recovery was the American Rescue Plan, passed in March 2021 without a single Republican vote, that dedicated $1.9 trillion to helping the economy recover from the pandemic shutdowns. The vote on the American Rescue Plan indicated the dramatic difference in the way Democrats and Republicans believe the economy works.

Like drummer boy keeps repeating, you can’t run a country’s economy like you run your household.  

when Trump was in office, Republicans voted for pandemic relief.  They know full well how the economy works.  It's just that they are willing to screw the entire country and tank the economy if it will damage a Democratic president.

Its crazy that only one party behaves like that.


terp said:

ml1 said:

Jaytee said:

The March jobs report came out yesterday and, once again, it was terrific. The economy added 431,000 jobs in March, and the figures for January and February were revised upward by 95,000. The U.S has added 1.7 million jobs between January and March, and unemployment is near an all-time low of 3.6%. As employment has risen, employers have had to raise wages to get workers. So, wages are up 5.6% for the year that ended in February.

Inflation in the U.S. is the highest it’s been in 40 years at 7.9%, but those high numbers echo other developed countries. Russia’s war on Ukraine, which is driving already high gasoline prices upward, and continuing supply chain problems are keeping inflation numbers high. These numbers matter not just because they show the U.S. coming out of the pandemic, but because they prove that Biden’s approach to the economy works. The key to this economic recovery was the American Rescue Plan, passed in March 2021 without a single Republican vote, that dedicated $1.9 trillion to helping the economy recover from the pandemic shutdowns. The vote on the American Rescue Plan indicated the dramatic difference in the way Democrats and Republicans believe the economy works.

Like drummer boy keeps repeating, you can’t run a country’s economy like you run your household.  

when Trump was in office, Republicans voted for pandemic relief.  They know full well how the economy works.  It's just that they are willing to screw the entire country and tank the economy if it will damage a Democratic president.

Its crazy that only one party behaves like that.

please describe the recent history of Democratic obstructionism at the Federal level.


ml1 said:

when Trump was in office, Republicans voted for pandemic relief.  They know full well how the economy works.  It's just that they are willing to screw the entire country and tank the economy if it will damage a Democratic president.

Kinda like holding Covid response money hostage to score political points on BS Covid immigration controls. 


terp said:

Its crazy that only one party behaves like that.

in 2020, every House and Senate Democrat voted for the CARES Act. 


In order to add a comment – you must Join this community – Click here to do so.

Rentals

Sponsored Business

Find Business

Advertise here!