The Economy

[lessOHmo]

Harris recession

Check out @Dr_Stoxx message on Stocktwits http://stocktwits.com/Dr_Stoxx/message/590888292

 

[Rightguide]

Biden-Harris administration failed to recoup $200B in fraudulent COVID loans, House committee says​

The Small Business Administration got roughly $1.2 trillion to help businesses during COVID-19 pandemic​

By Elizabeth Elkind Fox News
Published November 1, 2024 4:00am EDT

FIRST ON FOX: A new report from the House of Representatives is accusing the Biden administration of failing to recover some $200 billion in fraudulent COVID-19 pandemic loans.

The House Small Business Committee, led by Chairman Roger Williams, R-Texas, has been conducting a years-long investigation into how the Small Business Administration (SBA) has handled the emergency financial aid programs that sprung up when state governments shut down businesses across the country during the pandemic.

"In creating the COVID Lending Programs, Congress understood that the relief funds needed to be issued quickly to help businesses cope with the economic strain of the pandemic," a new report released by the committee said.

"The rush to get pandemic relief funding out quickly resulted in shortcuts being taken to deliver aid quickly to small businesses in hopes of recouping improper disbursements on the back end."

https://www.foxnews.com/politics/bi...b-fraudulent-covid-loans-house-committee-says

Because Joe Biden and the Democrats are inherently fiscally incompetent and should not be trusted with the interests of the American taxpayer. They have looted the US economy.

 

[lessOHmo]

Harris recession

https://twitter.com/x/status/1852345486893596887

 

[JoePepsiCo]

The government has unlimited money.

It can employ unlimited people.

GOooo...!!! FDR!!!

 

[DeluxAuto]

US economy added 12,000 jobs in October, well below economists' expectations​

Labor Department releases closely watched October jobs report​

By Eric Revell FOXBusiness

U.S. job growth slowed down in October, coming in well short of economists' expectations, while the unemployment rate was unchanged.

The Labor Department on Friday reported that employers added 12,000 jobs in October, well below the 113,000 gain that was predicted by LSEG economists.

The unemployment rate was 4.1%, in line with expectations.

The number of jobs added in the prior two months were both revised downward, with job creation in August revised down by 81,000 from a gain of 159,000 to 78,000, while September was revised down by 31,000 from a gain of 254,000 to 223,000.

Private sector payrolls contracted by 28,000 in October after LSEG economists projected they would rise by 90,000.

https://www.foxbusiness.com/economy/us-jobs-report-october-2024

There were downward revisions in the last two months as well.

Ford Halts EV Production at Michigan Plant That Biden, Slotkin Lauded as 'Incredible' Example of 'American Ingenuity'​

Auto giant's announcement 'highlights the disastrous impact of federal EV mandates,' energy expert says​

President Joe Biden drives the electric Ford F-150 Lightning (Nicholas Kamm/AFP via Getty Images)
Thomas Catenacci
October 31, 2024

Ford Motor Company is halting production of its electric F-150 Lightning pickup truck at a Michigan factory, the auto giant announced Thursday. Just three years ago, President Joe Biden and Rep. Elissa Slotkin (D., Mich.) visited the plant to celebrate the truck's rollout, calling it an "incredible facility" that shows there's "no limit to what American ingenuity and manufacturing can accomplish."

Ford—which, like other major automakers, has struggled to keep its EV business afloat—will shutter the Dearborn, Michigan, manufacturing plant beginning on Nov. 18 and until Jan. 6, 2025. "We continue to adjust production for an optimal mix of sales growth and profitability," the company said in a statement Thursday.

"Ford’s halt in F-150 Lightning production highlights the disastrous impact of federal EV mandates driven by the Biden-Harris administration," Jason Isaac, the CEO of the American Energy Institute, told the Washington Free Beacon. "These mandates are destabilizing the global auto industry while paving the way for cheap Chinese imports to dominate."

"American automakers and workers are paying the price for policies that ignore real consumer demand," Isaac continued.

More here: https://freebeacon.com/energy/ford-...use-elissa-slotkin-in-blow-to-climate-agenda/

This is what happens when the government decides what cars Americans can drive. Joe Biden has done more to fuck this country up than any other administration.

Biden-Harris administration failed to recoup $200B in fraudulent COVID loans, House committee says​

The Small Business Administration got roughly $1.2 trillion to help businesses during COVID-19 pandemic​

By Elizabeth Elkind Fox News
Published November 1, 2024 4:00am EDT

FIRST ON FOX: A new report from the House of Representatives is accusing the Biden administration of failing to recover some $200 billion in fraudulent COVID-19 pandemic loans.

The House Small Business Committee, led by Chairman Roger Williams, R-Texas, has been conducting a years-long investigation into how the Small Business Administration (SBA) has handled the emergency financial aid programs that sprung up when state governments shut down businesses across the country during the pandemic.

"In creating the COVID Lending Programs, Congress understood that the relief funds needed to be issued quickly to help businesses cope with the economic strain of the pandemic," a new report released by the committee said.

"The rush to get pandemic relief funding out quickly resulted in shortcuts being taken to deliver aid quickly to small businesses in hopes of recouping improper disbursements on the back end."

https://www.foxnews.com/politics/bi...b-fraudulent-covid-loans-house-committee-says

Because Joe Biden and the Democrats are inherently fiscally incompetent and should not be trusted with the interests of the American taxpayer. They have looted the US economy.

The government has unlimited money.

It can employ unlimited people.

GOooo...!!! FDR!!!

Boom!

Inflation gauge falls to lowest level in 3 1/2 years

The Brief

An inflation gauge watched by the Federal Reserve dropped to pre-pandemic levels.

Prices rose slightly in September compared to last year, according to a Commerce Department report.

Economists predict that the Federal Reserve will make another cut to its key interest rate.

 

[deckardB26354]

You want lower prices? Tell the corporations to go fuck themselves with your wallet.

What the Trump-loving idiots fail to grasp (just one of millions) is that the corporations, for the most part, are the ones that control the rate of inflation. Period, end of story. It’s not so much the environment (climate change) pushing food prices higher, it’s not the weak supply chain argument that corps have leaned on heavily since covid (which has been resolved), and it’s certainly not supply and demand that are pushing prices higher. It’s corporate greed and the push to please investors over customers.

People are going to do what they need to do to put food on the table. So when Target (and many others) started inching up prices because fuck you, what are you gonna do about it?—they went elsewhere chasing lower prices. Now stores like Target are shitting themselves as, in the race to put Trump back into power to get their tax breaks, they went too far and now consumers are staying away.

I’ve noticed that stores are pulling some pretty shady shit—as I’m the grocery shopper in my family. An example: a pound of the coffee that I like would go on sale for like $4-$5 off at times and that’s when I’d buy knowing what the regular price is. Now they raised the regular price by a dollar and the “sale” price is what the regular price was. I’ve seen shit like that across the board with other staples and in other stores.

It’s greed plain and simple. If you truly want a change in prices, do the work and shop as local as you can. The small business owners are the ones that are dying in this effort to get Trump back in office. After the election, goodness forbid that he wins, you’ll probably see prices come down quickly. If Harris wins, prices will come down, but more slowly as they prep to (hopefully) pay their fair share of taxes.

Target is cutting prices on 5,000 items including milk, butter and pet food​

https://www.npr.org/2024/05/21/1252616600/target-price-reductions-milk-butter

Target's list of price cuts, posted on Monday, includes "milk, meat, bread, soda, fresh fruit and vegetables, snacks, yogurt, peanut butter, coffee, diapers, paper towels, pet food and more." The company said it has already lowered prices of about 1,500 items and will continue to do so throughout the summer.

 

[MajorRewrite]

US jobs growth

Growth despite the impact of hurricanes and the Boeing strike:

Employers added 12,000 jobs last month, much lower than the 223,000 created in September, according to the Labor Department.

But while hiring slowed, the unemployment rate held steady at 4.1%.

And the unemployment rate remains historically low.

Wages increased more than inflation over the last 12 months:

Average hourly earnings have increased 4% in the last 12 months.

 

[Noitall]

US jobs growth

Growth despite the impact of hurricanes and the Boeing strike:



And the unemployment rate remains historically low.

Wages increased more than inflation over the last 12 months:

Hey COLORED GIMP.....didya see the revisions again down several hundred thousand?????????


You believe the Gov stats?

Makes you MORE of a COLORED GIMP

 

[Noitall]

 

[Noitall]

In last 21 months, jobs numbers have been revised down twice as often (14 times for -754,000) as revised up (7 times for +205,000).

 

[Noitall]

 

[MajorRewrite]

In last 21 months, jobs numbers have been revised down twice as often (14 times for -754,000) as revised up (7 times for +205,000).

Estimates do get revised. That’s why they’re estimates. And they are revised upward as well as downward. So, what is your point?

Haha. I know you don’t have a point. Noitall is dumb. It is a mental gimp.

 

[MajorRewrite]

You believe the Gov stats?

If you don’t believe government statistics, why are you going on and on about revisions that are government statistics?

Noitall/moOHmo is a mental gimp.

 

[Lazaran]

If you don’t believe government statistics, why are you going on and on about revisions that are government statistics?

Noitall/moOHmo is a mental gimp.

MAGAts constantly defeat / undermine their own arguments - and we are left to pile on…

It’s somewhat unsatisfying…

 

[MajorRewrite]

View attachment 2418801

4,479,000 jobs created from January 2023 to August 2024 according to the “second revision” numbers provided in your chart.

That’s a lot of new jobs. Thanks for the good news!

 

[MajorRewrite]

Commentary: This week in Bidenomics it's jobs galore

Job growth has been positive every single month since Biden took office in January 2021. Donald Trump didn’t accomplish that during his one presidential term, from 2017 to 2021. Barack Obama did preside over an unbroken string of monthly job growth during his second term, from 2013 to 2017. But that was part of the wan recovery from the Great Recession in 2008 and 2009, a rebound many Americans found painfully slow.

Before that, no president enjoyed a perfect record on monthly job growth, going back to 1939. Ronald Reagan and Bill Clinton each came close in their second terms, reflecting the booming economies of the mid-1980s and late 1990s. But Reagan had one spoiler month when employment declined, while Clinton had three.

Impressive.

And there’s this too:

Harris can tout the lowest unemployment rate — 4.1% — of any presidential candidate representing the incumbent party in nearly a quarter century. Barack Obama won reelection with a higher unemployment rate in 2012 (7.8%), as did George W. Bush in 2004 (5.5%). And neither had job growth close to that of the last three years.

 

[Rightguide]

Food and Drinks

Published November 1, 2024 10:31am EDT

Wendy's to close 140 restaurants by the end of the year​

Wendy's opened more than 500 new restaurants over the past 2 years​

By Daniella Genovese FOXBusiness

Fast-food giant Wendy's is shuttering 140 underperforming locations through the end of 2024 as it looks to improve its "restaurant footprint and overall system health."

To counter the closures, though, the Ohio-based company is working to replace many of these units with "new restaurants at better locations with significantly improved sales and profitability," Wendy's CEO Kirk Tanner told analysts on its third-quarter earnings call.

The company thoroughly reviewed individual restaurants to ensure they meet sales expectations and are profitable enough to support growth, and said that the locations closing are "outdated and in underperforming areas," with operating margins far below the system average, Tanner said.

"I think when you think about strengthening our system, you look at a brand that's 55 years old and some of those restaurants are just out of date," Tanner said.

https://www.foxbusiness.com/lifestyle/wendys-close-140-restaurants-end-year

What does that mean? Most likely automation and improved technology...ie, less employees.

 

[Rightguide]

‘I’m Confused’: Harris Faulkner Calls Out Dem Who Claimed Economy Is Better Than It Was Four Years Ago​

Screenshot/Rumble/Fox News

Harold HutchisonReporter
November 01, 20241:46 PM ET

Since President Joe Biden and Harris took office in January 2021, prices have risen by over 20%, while the consumer price index (CPI) peaked at 9% in June 2022. By comparison, the CPI grew by just 1.4% year-over-year in January 2021 when Trump left office, while the average price for a gallon of gas was under $2.25, according to GasBuddy.com.

“Where we were four years ago was heading into 9% inflation, 9% inflation,” Faulkner responded. “So exactly four years ago, around the time of the election, what was being handed was 1.4%. So I’m confused. I don’t think you want to go back four years, ’cause that’s an easy conversation to have.”

Biden’s approval rating on the economy is only 39.8% in the RealClear Polling average, while only 36% gave him good marks on inflation and only 34.8% approved of his handling of immigration, all of which have been issues emphasized by former President Donald Trump in the campaign against Harris.

More here: https://dailycaller.com/2024/11/01/harris-faulkner-david-carlucci-economy-four-years-ago/

Faulkner buries them with facts refuting the left's BS about how good the economy is under Biden as opposed to trump.

 

[adrina]

 

[ll74]

Food and Drinks

Published November 1, 2024 10:31am EDT

Wendy's to close 140 restaurants by the end of the year​

Wendy's opened more than 500 new restaurants over the past 2 years​

By Daniella Genovese FOXBusiness

Fast-food giant Wendy's is shuttering 140 underperforming locations through the end of 2024 as it looks to improve its "restaurant footprint and overall system health."

To counter the closures, though, the Ohio-based company is working to replace many of these units with "new restaurants at better locations with significantly improved sales and profitability," Wendy's CEO Kirk Tanner told analysts on its third-quarter earnings call.

The company thoroughly reviewed individual restaurants to ensure they meet sales expectations and are profitable enough to support growth, and said that the locations closing are "outdated and in underperforming areas," with operating margins far below the system average, Tanner said.

"I think when you think about strengthening our system, you look at a brand that's 55 years old and some of those restaurants are just out of date," Tanner said.

https://www.foxbusiness.com/lifestyle/wendys-close-140-restaurants-end-year

What does that mean? Most likely automation and improved technology...ie, less employees.

Do you need a reference while you pursue other opportunities?

 

[Politruk]

What does that mean? Most likely automation and improved technology...ie, less employees.

How would that close the restaurants?

 

[MajorRewrite]

‘I’m Confused’: Harris Faulkner Calls Out Dem Who Claimed Economy Is Better Than It Was Four Years Ago​

Screenshot/Rumble/Fox News

Harold HutchisonReporter
November 01, 20241:46 PM ET

Since President Joe Biden and Harris took office in January 2021, prices have risen by over 20%, while the consumer price index (CPI) peaked at 9% in June 2022. By comparison, the CPI grew by just 1.4% year-over-year in January 2021 when Trump left office, while the average price for a gallon of gas was under $2.25, according to GasBuddy.com.

“Where we were four years ago was heading into 9% inflation, 9% inflation,” Faulkner responded. “So exactly four years ago, around the time of the election, what was being handed was 1.4%. So I’m confused. I don’t think you want to go back four years, ’cause that’s an easy conversation to have.”

Biden’s approval rating on the economy is only 39.8% in the RealClear Polling average, while only 36% gave him good marks on inflation and only 34.8% approved of his handling of immigration, all of which have been issues emphasized by former President Donald Trump in the campaign against Harris.

More here: https://dailycaller.com/2024/11/01/harris-faulkner-david-carlucci-economy-four-years-ago/

Faulkner buries them with facts refuting the left's BS about how good the economy is under Biden as opposed to trump.

The economic record of the Trump administration was a very mixed bag. The bad:

• The economy lost 2.7 million jobs. The unemployment rate increased by 1.7 percentage points to 6.4%.
• The international trade deficit Trump promised to reduce went up. The U.S. trade deficit in goods and services in 2020 was the highest since 2008 and increased 36.3% from 2016.
• The number of people lacking health insurance rose by 3 million.
• The federal debt held by the public went up, from $14.4 trillion to $21.6 trillion.
• Home prices rose 27.5%.

Fact Check

And did you see Noitall’s post about recent job creation? 4,479,000 jobs created from January 2023 to August 2024.

And the unemployment rate is 4.1%, compared to Trump’s 6.4%.

And inflation over the last 12 months was just 2.4%.

 

[adrina]

 

[HumpDayHoratio]

Prez Pudd’n Head and Kami couldn’t Seem to get absentee ballots to our armed forces.

How incompetent. Yet, not surprising.

 

[adrina]

Between the propensity for propaganda and the outright immaturity, white conservative men just can't be taken seriously.



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