Biden’s ‘Acting’ Labor Secretary Laughs at Millions of Americans Who Think They Were Better Off Unde

[mystery-ak]

Biden’s ‘Acting’ Labor Secretary Laughs at Millions of Americans Who Think They Were Better Off Under Trump (VIDEO)
by Mike LaChance Apr. 8, 2024 10:20 pm

https://twitter.com/RNCResearch/status/1777088614326771881

more
https://www.thegatewaypundit.com/2024/04/bidens-acting-labor-secretary-laughs-millions-americans-who/

[banddag]

Best of times and worst of times.

 1/2 the country is doing better and the other half worse.  People with cash and money in the stock market have record wealth built up under Biden. I am getting my 1st quarter statements in and shocked (in a good way) how much my accounts are worth.  Cd's that were paying .075% 3 years ago are now paying 5.5-6.0%. Good for people with cash in the bank and that tends to be retirees.

Retires have been hard hit if they do not have a lot of savings built up and relying on SS or small pensions. Employees with no education and no job skills are suffering.

Employees with education and people with skilled trades are doing really well right now. High paying jobs are plentiful for them. I pass 3 billboards every day offering sign on bonus of 10,000-30,0000 but they are for the medical field and skilled trades.

[Bigun]

Best of times and worst of times.

 1/2 the country is doing better and the other half worse.  People with cash and money in the stock market have record wealth built up under Biden. I am getting my 1st quarter statements in and shocked (in a good way) how much my accounts are worth. Cd's that were paying .075% 3 years ago are now paying 5.5-6.0%. Good for people with cash in the bank and that tends to be retirees.

Retires have been hard hit if they do not have a lot of savings built up and relying on SS or small pensions. Employees with no education and no job skills are suffering.

Employees with education and people with skilled trades are doing really well right now. High paying jobs are plentiful for them. I pass 3 billboards every day offering sign on bonus of 10,000-30,0000 but they are for the medical field and skilled trades.

Good how? What good are savings when inflation eats them up?

PS: Is the purchasing power of the $$$ in those accounts you mention up or down since Trump left office?

[roamer_1]

Six points? Chump change. That ain't even keeping up with the claimed inflation rate, not to mention the real rate.

Back when I was playing, if my money wasn't turning 20 points, then it wasn't working.
six points is a waste of time.

[240B]

This is being said by the public all across America. It does no good to get a high paying salary or a raise when we have Venezuela type inflation. The stock market gains are all inflation driven. It is not real money. It is all 'fake money'. Only idiots with no understanding of economics believe they are making profits under Biden. Having more 'dollars' in terms of numbers is meaningless when inflation is out of control. Wealth is about the market-basket actual value of the money. The numbers are meaningless.

Yah!! I just got a 6% raise! Woohoo!
But a dozen eggs which were $2.50 a dozen are now $7 dollars a dozen. 6% is a negative paltry net gain on the investment. This is part of the reason we keep hearing 'nobody wants to work any more'. Nobody wants to work anymore because working, with gas prices, insurance, and taxes, soaring, is no longer profitable.

[banddag]

This is being said by the public all across America. It does no good to get a high paying salary or a raise when we have Venezuela type inflation. The stock market gains are all inflation driven. It is not real money. It is all 'fake money'. Only idiots with no understanding of economics believe they are making profits under Biden. Having more 'dollars' in terms of numbers is meaningless when inflation is out of control. Wealth is about the market-basket actual value of the money. The numbers are meaningless.


But a dozen eggs which were $2.50 a dozen are now $7 dollars a dozen. 6% is a negative paltry net gain on the investment. This is part of the reason we keep hearing 'nobody wants to work any more'. Nobody wants to work anymore because working, with gas prices, insurance, and taxes, soaring, is no longer profitable.

We have Venzuela type inflation? LOL.  Venzuela inflation has gone up almost 10,000% in the last 10 years.

Existing home sales up the highest in a year, New home construction the highest in 2 years 1st quarter 2024, new car sales rose almost 6% in February.
No one wants to work? I actually own a business with employees and work with other employers and that is not the case.

Your comments do not even come close to any basis in facts.

https://www.nar.realtor/newsroom/existing-home-sales-vaulted-9-5-in-february-largest-monthly-increase-in-a-year

The far right like the far left loves to peddle doom and gloom and loves fear porn. . If you only get your info from the far left or the far right you will become ignorant and stupid.

Did you see the consumer sentiment the other day-how people feel about the economy? It is the highest in years and growing.

https://www.reuters.com/markets/us/us-consumer-confidence-rise-two-year-high-january-2024-01-30/

Did you see in 2023 NEW BUSINESS STARTUPS were at 5.5 million? The greatest amount in our countries history.

This is why I became a conservative independent and look at all sources because I saw how the far right was lying and misleading the facts.

Conservatives better get their head out of their butts and stop talking about de gayz, trans, dei, abortion,  and such and concentrating on the economy  or they will lose in 24.

[LMAO]

We have Venzuela type inflation? LOL.  Venzuela inflation has gone up almost 10,000% in the last 10 years.

Existing home sales up the highest in a year, New home construction the highest in 2 years 1st quarter 2024, new car sales rose almost 6% in February.
No one wants to work? I actually own a business with employees and work with other employers and that is not the case.

Your comments do not even come close to any basis in facts.

https://www.nar.realtor/newsroom/existing-home-sales-vaulted-9-5-in-february-largest-monthly-increase-in-a-year

The far right like the far left loves to peddle doom and gloom and loves fear porn. . If you only get your info from the far left or the far right you will become ignorant and stupid.

Did you see the consumer sentiment the other day-how people feel about the economy? It is the highest in years and growing.

Did you see in 2023 NEW BUSINESS STARTUPS were at 5.5 million? The greatest amount in our countries history.

This is why I became a conservative independent and look at all sources because I saw how it the far right was lying and misleading the facts.

Conservatives better get their head out of their butts and stop talking about de gayz, trans, dei, abortion,  and such and concentrating on the economy  or they will lose in 24.

Good post. And we’re also at record oil production

I don’t think things are hunky-dory. But, economically speaking, I don’t buy that we’re all on the verge of a Mad Max type scenario. Inflation is putting pressure on low income workers and that shouldn’t be dismissed

But the flashing siren still remains our debt and the rising cost just to pay the interest on it. This, in my opinion, is the most pressing issue facing us long-term


People tend to dismiss data that doesn’t support their worldview. Everybody should look at a variety of sources of information. I’ve taught my boys that growing up. I will even read left-wing sources because it gives me a better footing when debating them because I know what they’re arguments are gonna be


Liberals tend to dismiss anything from Fox News out of hand and conservatives tend to dismiss anything from MSNBC and CNN. What should matter is not the news agencies but whether or not they can back any claims they make



 I believe Biden is ultimately going to win. Anybody challenging an incumbent president has a more difficult job to convince the voters to replace the sitting president vs an open seat

[banddag]

Good post.

Thank you. It was actually FR that changed me to look up other sources of info over the years when things did not add up. .  For example: 2 recent post on FR.  The one about the pilot ejecting from the F-35 and the plane kept flying on. . Every poster was convinced the pilot with was either a AA negro or a woman when in fact it was  white boy.  Another post about finding arms and legs io Long Island. Again, everyone said it was dirty messicans Ms-13 when in reality a native born white couple who murdered the other white couple because of a love triangle.

No one apologized and no retractions but people read it and take it as fact.

[roamer_1]

Good post. And we’re also at record oil production

I don’t think things are hunky-dory. But, economically speaking, I don’t buy that we’re all on the verge of a Mad Max type scenario. Inflation is putting pressure on low income workers and that shouldn’t be dismissed

But the flashing siren still remains our debt and the rising cost just to pay the interest on it. This, in my opinion, is the most pressing issue facing us long-term


People tend to dismiss data that doesn’t support their worldview. Everybody should look at a variety of sources of information. I’ve taught my boys that growing up. I will even read left-wing sources because it gives me a better footing when debating them because I know what they’re arguments are gonna be


Liberals tend to dismiss anything from Fox News out of hand and conservatives tend to dismiss anything from MSNBC and CNN. What should matter is not the news agencies but whether or not they can back any claims they make



 I believe Biden is ultimately going to win. Anybody challenging an incumbent president has a more difficult job to convince the voters to replace the sitting president vs an open seat

Almost right - I don't disagree with you, but will make two points:

Record profit taking is a reflection of record prices, which are a reflection of inflation - It must be pointed out that all of this orbits around inflated dollars - Which is why Wall Street is a head-fake. It's  almost always a head fake. The local grocery store is invariably a better bellwether... Which is why they ignore it.

And secondly, while I agree with you, one should not get cocky... The switch could flip on a dime. Nobody can accurately call when it goes from mere inflation to hyperinflation, anymore than one could call the moment it converts to a total crash and a true depression ensues.

What one can say is that it is white-hot, and the longer it stays that way, the better the chances of a misstep and a dire plummet. And  the more they grease it up with printed liquidity, the worse that condition will get.

I will not call any of it comfortable until we back far away from the edge.

[Bigun]

This is being said by the public all across America. It does no good to get a high paying salary or a raise when we have Venezuela type inflation. The stock market gains are all inflation driven. It is not real money. It is all 'fake money'. Only idiots with no understanding of economics believe they are making profits under Biden. Having more 'dollars' in terms of numbers is meaningless when inflation is out of control. Wealth is about the market-basket actual value of the money. The numbers are meaningless.

Yah!! I just got a 6% raise! Woohoo!
But a dozen eggs which were $2.50 a dozen are now $7 dollars a dozen. 6% is a negative paltry net gain on the investment. This is part of the reason we keep hearing 'nobody wants to work any more'. Nobody wants to work anymore because working, with gas prices, insurance, and taxes, soaring, is no longer profitable.

 

[LMAO]

Almost right - I don't disagree with you, but will make two points:

Record profit taking is a reflection of record prices, which are a reflection of inflation - It must be pointed out that all of this orbits around inflated dollars - Which is why Wall Street is a head-fake. It's  almost always a head fake. The local grocery store is invariably a better bellwether... Which is why they ignore it.

And secondly, while I agree with you, one should not get cocky... The switch could flip on a dime. Nobody can accurately call when it goes from mere inflation to hyperinflation, anymore than one could call the moment it converts to a total crash and a true depression ensues.

What one can say is that it is white-hot, and the longer it stays that way, the better the chances of a misstep and a dire plummet. And  the more they grease it up with printed liquidity, the worse that condition will get.

I will not call any of it comfortable until we back far away from the edge.

And everything you listed orbits around our unsustainable debt and the rising cost of just financing it.

I remember just before the housing crash, Mark Levin and Sean Hannity were reading all these government statistics of how great the economy was under George W. Bush. Then when it crashed, they blamed the Democrats… Lol

[roamer_1]

And everything you listed orbits around our unsustainable debt and the rising cost of just financing it.

I remember just before the housing crash, Mark Levin and Sean Hannity were reading all these government statistics of how great the economy was under George W. Bush. Then when it crashed, they blamed the Democrats… Lol

That's right - The over-printing to cover the debt and spending is the direct source of the inflation.

[LMAO]

That's right - The over-printing to cover the debt and spending is the direct source of the inflation.

That money becomes like heroin to an addict. You throw out into the economy and it gives a little bit of a rush. But then the high wears off and you need more. And more. And more to get that high.

The tragedy is it doesn’t have to be this way. There needs to be some hard choices made, and fights in Congress. But this current path is absolutely unsustainable. That’s why fellas like you and I pound debt, debt, debt

Pray for a Calvin Coolidge sometime in the near future

[240B]

Imagine that America barrows 20 trillion dollars from China.
Then America begins printing 100 dollar bills Helter Skelter style.