PT Car Washer
Well-Known Member
So the trump economy with 25% unemployment was really a lot worse? I thought so.
Weekly Reminder: The economy is great, inflation is fake and gas is cheap.
- Thread starter Analbumcover
- Start date
Yah, pandemics will do that to an economy. At least they didn't lie about it.
DriveInDriveOut
Inordinately Right
Economic results for Biden's first three years under perform Trump's first three years.
Those are called facts.
Deal with it.
Those are called facts.
Deal with it.
Up In Smoke
Well-Known Member
Happens in every year.
And if you look at job growth in 2018 then the above overstatement is a much smaller % of total growth. And according to the article above the overstatement of 2023 job creation was 40% of reported job growth. So while both administrations, along with past admistrations, had to adjust their numbers downward, we saw real job creation under Trump but under Biden we see an administration taking credit for people returning to work after the pandemic. A lot of people are also holding down multiple jobs due to inflation. Exactly why in spite of spin trying to help Biden his economic poll numbers are way down. Only diehard Democrats think he's doing a good job.
Up In Smoke
Well-Known Member
There are currently 4 million more people working today than in 2019 and an average of 1.3 million more small businesses were created per year since 2020. (4M per compared to 5.3 most recently)
Lineandinitial
Legio patria nostra
Are they all single proprietors work for Door Dash and Uber Eats? We have a lower labor participation rate than pre pandemic also.
Up In Smoke
Well-Known Member
Door Dash, Uber and jobs like that are not considered a business and do not require state and federal tax ID numbers. They are considered subcontractors and receive a 1099 for tax purposes. The participation rate in 2023 was affected negatively by the 4% increase in college and trade school enrollments. 2020 and 2021 were low water levels for enrollment as an affect of Covid, but have rebounded the last two years.
Lighten up Cletus, it was a joke.
Initial US employment reports overstated by 439,000 jobs in 2023
Increased government spending and hiring have padded 2023 year-end unemployment numbers by over 400,000, according to the Bureau of Labor Statistics.
newolddude
Well-Known Member
Trump says he hopes the US economy crashes this year for his own benefit
Republican insists Joe Biden’s success amounts to ‘running off the fumes of what we did’
www.the-independent.com
newolddude
Well-Known Member
Retail sales up strongly in December as Americans showed continued willingness to spend
Americans stepped up their spending at retailers in December, closing out the holiday shopping season and the year on an upbeat tone and signaling that people remain confident enough to keep spending freely.
apnews.com
UnionStrong
Sorry, but I don’t care anymore.
Retail sales up strongly in December as Americans showed continued willingness to spend
Americans stepped up their spending at retailers in December, closing out the holiday shopping season and the year on an upbeat tone and signaling that people remain confident enough to keep spending freely.
newolddude
Well-Known Member
Stats are only believable/right when Trump is president. Stats are all lies/unbelievable when anyone else is in charge.
Lineandinitial
Legio patria nostra
@UnionStrong you seem to have a stalker. LOL
UnionStrong
Sorry, but I don’t care anymore.
Hey @Sportello, thanks for validating my post. Badge of honor getting it from you.
UnionStrong
Sorry, but I don’t care anymore.
I love the wailing and gnashing of teeth from him. Let him seethe in his own ideology.
