J.Steph
CEO/Entrepreneur
1) US Inflation Rate is at 3.67%, compared to 3.18% last month and 8.26% last year. This is higher slightly higher than the long term average of 3.28%.
2) Unemployment is close to record low at 3.8%.
3) $336,000 jobs added last month, economists only expected 166,000 new jobs.
4) Gas is higher then wanted, but remember gas prices were low as shit under a portion of the Trump administration because we were in a pandemic and there was very little demand as everyone was hunkered down and not going anywhere.
5) The US never went into a recession under Biden as many Republicans were for casting.
What am I missing here fellas? The economy don’t sound that bad to me after tuning out the noise from the right. 🤷♂️
Senator Lena Taylor said
My republican colleagues spoke robustly about the “one-time” surplus of money that we had in the state coffers. During the recent budget debates, they lined up, to talk about how their districts would receive additional aid. The only thing they couldn’t bring themselves to say was “Thank you, President Biden.” In that lack of manners, the Wisconsin GOP is not alone.
Ian C Jordan
NewsUndone
President Joe Biden
August 2020, Biden told a gathering of black and Hispanic journalists that “unlike the African American community, with notable exceptions, the Latino community is an incredibly diverse community with incredibly different attitudes about different things.”
In 2006, he said, “You cannot go to a 7-Eleven or a Dunkin’ Donuts unless you have a slight Indian accent.”
Way back in 1977, he said that forced busing to desegregate schools would cause his children to “grow up in a racial jungle.”
PBS Article Snippets Below
He also worked with segregationist senators to oppose that mandatory busing, which decades later led to the strongest moment in Kamala Harris’s campaign for president, when she blasted him as having personally impacted her as a young girl.
Black women are the most loyal Democrats — 93% of them voted for Biden in the 2020 presidential election, according to AP VoteCast, a national survey of the electorate.
Black women turned out to vote for Biden in greater numbers than for Hillary Clinton in 2016, and they were vital in Biden’s wins in states like Georgia, Michigan and Pennsylvania. Overall, they made up 12% of Biden’s voters and reached even higher percentages in heavily African American states like Georgia, where they represented 35% of his support. In that state, which Biden won by just over 12,000 votes, he earned the backing of 95% of Black women.
Biden, in particular, owes Black voters, and especially women, a debt from the primaries. His campaign was on life support before South Carolina’s primary in late February 2020, when he secured the endorsement of Rep. James Clyburn, the kingmaker of the state’s Democratic political orbit, by pledging to select a Black woman for the Supreme Court.
Overall during President Bidens first 29 months in office, the Consumer Price Index rose 15.7%.
(https://data.bls.gov/timeseries/CUSR0000SA0?)
It was for a time the worst inflation in decades. The 12 months ending in June of last year saw a 9.1% increase in the CPI (before seasonal adjustment), which the Bureau of Labor Statistics said was the biggest such increase since the 12 months ending in November 1981.
But now inflation is trending down. The CPI rose 3.1% in the 12 months ending June of this year and 0.2% in June itself.
(https://www.bls.gov/news.release/archives/cpi_07132022.htm)
The price of gasoline has gyrated wildly under Biden at the pump soared to a record high of just over $5 per gallon (in the week ending June 13, 2022)
(https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=EMM_EPMR_PTE_NUS_DPG&f=W)
During the first year and a half of his administration, the national average price of regular gasoline , propelled by motorists resuming travel after pandemic lockdowns and then by Russia’s invasion of Ukraine on Feb. 24, 2022
But then the price drifted down to a low of $3.09 the week ending Dec. 26, 2022, crept back up to $3.66 for
the last two weeks in April, and then sank to $3.60 in the week ending July 24, the most recent on record.
That’s $1.22 higher than in the week before Biden took office, an increase of 51.2%.
Wages also have gone up under Biden, but not as fast as prices.
Average weekly earnings for rank-and-file workers went up 12.2% during Biden’s first 29 months in office, according to monthly figures compiled by the BLS.
(https://data.bls.gov/timeseries/CES0500000030)
Those production and nonsupervisory workers make up 81% of all employees in the private sector.
(https://data.bls.gov/timeseries/CES0500000006)
But inflation ate up all that gain and more. “Real” weekly earnings, which are adjusted for inflation and measured in dollars valued at their average level in 1982-84, actually
declined 3.4% since Biden took office.
(https://data.bls.gov/timeseries/CES0500000031)
(https://data.bls.gov/timeseries/CES0500000001)
Corporate Profits
Under Biden, corporate profits set new records in 2021 and 2022 — but have declined in the last three consecutive quarters.
(https://data.bls.gov/timeseries/CES0500000001)
After-tax corporate profits increased for the seventh consecutive year in 2022, reaching a new high of $2.87 trillion (according to the Bureau of Economic Analysis. The record, though, came despite a decline in growth in the last two quarters of the year.
Drug overdose deaths, fueled by fentanyl, hit a record high in the U.S. last year.
• Over 104,000 Americans died from drug overdoses over a the 12-month period ending in September
2021, the highest ever recorded, according to CDC data.
• This is the sharpest annual increase in overdose deaths in at least three decades; driven by the
proliferation of fentanyl.
• Overdoses from fentanyl have become the leading cause of death for Americans ages 18 to 45. Fentanyl is often made by cartels in Mexico with chemicals from China, according to the DEA.
• In FY2021 CBP seized over 10,500 pounds (a record amount) of fentanyl coming through the U.S.
Southern border. A lethal dose of fentanyl is 2mg.
• “The federal government estimates that one kilogram of fentanyl is equivalent to
500,000 lethal doses, making last year’s seizure equal to 2.5 billion fatal doses.”
In January 2021, CBP reported a “substantial increase” in fentanyl seizures at the southern border with 839 lbs seized compared to 682 lbs in FY 2021.
• So far, CBP has seized over 3,900 pounds of fentanyl at the Southern border in FY22, nearly
matching pace with the amounts seized in FY2021.
Fentanyl is so dangerous that now, a bipartisan group of former senior national security officials is urging Biden to declare fentanyl and its chemical analogues “weapons of mass destruction.”
• Cartels are bringing these drugs across our border every day.
• They don’t stay on the border. Every state in the Union has experienced deaths from these drugs.
Biden By The Numbers
Data Provided by New York Post, Washington Times, Politico
