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The Economy

ChloeTzang said:
Hel_Books said:
Since there's no oil coming out of the Persian Gulf now, there's nothing to prevent things falling off a cliff.
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ChloeTzang said:
What people seem to fail to reaize is we have alreay fallen off the cliff. The last tankers out of the gulf have arrived at their destinations. We are running on reserves and whatever is in storage and alternataive sources. South Korea is taking oil from Canada. Japan has signed a deal with Russia to take it from Siberia. SE Asia is paying way above market to get what they need.

Yes, the US has oil BUT prices are inernational and oil prices are going to soar - and that will flow into the cost of living, and jobs. A LOT of jobs are depending on oil products - anything plastic for example. Now factor in that Trump has fucked over agriculture big time and there's be crop shortages - and we re staring a Tump-made disaster squarely in the face because there's no magic alternative to no fertilizer and the Trump administration has no fix. Just the old "blame it on Biden" excuse, which they have alreay trotted out for Spirit Airlines - "Biden didn't approve the merger with Jet Blue wah wah wah" when in fact it was rising aviation fule prices that killed Spirit - and will likely kill off more airlines rather quickly.

Trump is a one man disaster
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Wait until Trump gets the idea to ban exports of oil (or refined products) from the USA! Other countries will retaliate and, since the USA still imports a lot (the USA is a NET exporter, but that includes a LOT of imports balanced out by exports!) the USA will suffer even more, along with the rest of the world, from the disruption of the supply chain.
 
realmint said:
Reality VS desire fantasy: The illusion of a strong economic landscape will be in place for the midterm election and Trump will likely have both the house and senate with a good majority.
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I live in the state of Indiana and I think we just proved you right . Fuck there Rhino Republicans its time to clean house
 
The Lunatic needs some context on jobs creation …

The average number of jobs created per month:
2026: 76,000
2025: 15,000
2024: 186,000
2023: 251,000
 
Oil Prices Set To Surge

Prepare for surging prices, economists say, as one of the largest oil shocks in history hits home. Across the country, consumers are already feeling the pinch of higher prices as the conflict in Iran enters its third month — but economists say this could be just the beginning.
 
Hel_Books said:
Oil Prices Set To Surge

Prepare for surging prices, economists say, as one of the largest oil shocks in history hits home. Across the country, consumers are already feeling the pinch of higher prices as the conflict in Iran enters its third month — but economists say this could be just the beginning.
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Good! I hope it breaks all you son of a bitches! So does TRUMP. Now put your masks on and be a good little subby!
 
Last edited:
Iluv17 said:
Good! I hope it breaks all you son of a bitches! So does TRUMP. Now put your masks on and be a good little hubby!
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So you like paying more for gas.

Thanks for confirming.

Were you happy when gas was high under Biden?
 
Rightguide said:

The White House Takes Victory Lap After 95% of the ‘Experts’ Underestimated the Jobs Report​

TheLibertyDaily

https://rumble.com/v79kyu8-the-whit...s-underestimated-th.html?mref=1htl22&mc=e16nv

The major needs to get busy rewriting.
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Hey, Comrade, why don’t Russians read the thread before commenting? The news you’re distorting was already posted. 👍

MajorRewrite said:
April job report

115,000 jobs created (meh)
4.3% unemployment rate (unchanged)

February result was revised downward again to a loss of 156,000 jobs.

To put the numbers in context , the average number of jobs created per month in …
2025: 15,000
2024: 186,000
2023: 251,000
Click to expand...

MajorRewrite said:
The Lunatic needs some context on jobs creation …

The average number of jobs created per month:
2026: 76,000
2025: 15,000
2024: 186,000
2023: 251,000
Click to expand...

MajorRewrite said:
The number of full-time jobs in the US has fallen 1.6 million during Trump’s second term.

-1.6 million

Full-Time Employment:
January 2025: 135,898,000
April 2026: 134,252,000

This ought to be big news.
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Thanks for giving me the chance to repeat how much higher job creation was during the Biden administration, and how many full-time jobs have been lost due to Trumponomics. Good job.
 
Record low for wages compared to productivity!

Since 1947, workers have never taken home less of business revenue. That’s one of the basic causes of the K-shaped economy.

Workers are earning record low wages and other compensation compared to their labor output, according to the BLS productivity and costs report published Thursday. Called the “labor share,” this indicator essentially measures how much of the nation’s economic earnings is used to pay wages and other worker benefits.

At 54.1%, workers are netting the lowest earnings compared to the income they’re producing since the data started being collected in 1947. Meanwhile, labor productivity increased 0.8%, output increased 1.5%, and people worked 0.7% more month over month.
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Source is official BLS data.

There was a slight downward trend until 2001, then it collapsed. And that, my friends, is why the US economy doesn’t work for “the common man” anymore.

IMG_1478.jpeg
 
MajorRewrite said:
Record low for wages compared to productivity!

Since 1947, workers have never taken home less of business revenue. That’s one of the basic causes of the K-shaped economy.



Source is official BLS data.

There was a slight downward trend until 2001, then it collapsed. And that, my friends, is why the US economy doesn’t work for “the common man” anymore.

View attachment 2621100
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And to your point on health care, the affordability crisis is deepening. Costs continue to climb and income is flat or declining. Add to that Hassett's irresponsible remarks and gloating about increased credit card use, idiocy. People are floating daily living expenses on extended credit.
 
Putting the full-time employment data in context …

Full-Time Employment in the US

December 2019 131,675,000 (pre-pandemic peak)
January 2021 125,248,000 (Biden took office)
January 2025 135,898,000 (Biden left office)

Full-time employment increased 4.2 million during Biden’s term, from the pre-pandemic high, and 10.6 million from when he took office. 👍

April 2026 134,252,000

Full-time employment has dropped 1.6 million since Trump took office. 👎
 
CPI inflation is rising, and it’s not just caused by oil prices.

Consumer prices surged 3.8% in April from a year ago, driven by energy costs

The Consumer Price Index for April showed prices were 3.8% higher than a year ago — the largest annual increase in three years — and up 0.6% on a monthly basis, largely due to soaring energy costs.
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The core CPI (excludes food and energy) was also up …
Stripping out the more volatile energy and food categories, prices on a “core” basis ticked up more than expected, rising 2.8% in April from a year ago and 0.4% from the month prior.
Click to expand...

Grocery prices were up 0.7% in one month and 2.9% over the last year.

Official BLS press release.
 
Lazaran said:
There may be truth to what that AI slop is saying, but I can’t watch it.

👎
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Don't blame you. The AI shi t being posted everywhere rewally bugs me but this one, while long and a bit tedious, covered some really good info. Ciuld have done it in 10% of the time though but that's deliberate.
 
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