Economic growth so strong, the GOP is literally at a loss for words….

[Mainecat]

Economic growth so strong, the GOP is literally at a loss for words….

https://www.msnbc.com/rachel-maddow-show/economic-growth-so-strong-gop-literally-loss-words-n1288163
 

Around this time three years ago, in response to encouraging news on economic growth, Republican National Committee Chair Ronna McDaniel published a celebratory tweet:

"You can't deny our economy is roaring: Fastest GDP growth in 13 years.... Record low unemployment... Thank you [Donald Trump]!"
 

[spin_dry]

Almost 7% GDP. This is like the Reagan era all over again. Trump’s GDP figures were anemic in comparison. 

Edited January 28, 2022 by spin_dry

[Sleepr2]

LOL! 

[spin_dry]

5 minutes ago, Sleepr2 said:

LOL! 

That’s all you got.   

[EvilBird]

All Thanks to Trump !!!

Thank You Orange Man!!

MC watches Rachel Madcow ....how surprising 

[EvilBird]

Shut the Country down for 2 years ....

Liberals Today: GEE LOOK HOW FAST THE ECONOMY GREW NOW THAT PEOPLE ARE WORKING AGAIN!!! 

Edited January 28, 2022 by EvilBird

[Sleepr2]

1 hour ago, spin_dry said:

That’s all you got.   

That’s all ya need . 

[spin_dry]

Just now, Sleepr2 said:

That’s all ya need . 

It’s a shame that your business is hurting and not growing. 

[Sleepr2]

4 minutes ago, spin_dry said:

It’s a shame that your business is hurting and not growing. 

Been consulting Miss Cleo again? 

[spin_dry]

Just now, Sleepr2 said:

Been consulting Miss Cleo again? 

No. Just picking up on your shitty attitude about Uncle Joe’s economy. 

[racer254]

56 minutes ago, spin_dry said:

No. Just picking up on your shitty attitude about Uncle Joe’s economy. 

Under trump, you were able to buy a van and go drive around seeing the US for a while.  Now that brandon's running things, you can't afford to drive all over the country.  IRONIC.

Edited January 28, 2022 by racer254

[Sleepr2]

3 hours ago, spin_dry said:

No. Just picking up on your shitty attitude about Uncle Joe’s economy. 

Typical leftists liar

[XCR1250]

Democrats stiff Biden as poll numbers hit low point

•  

   

• 

  Joe Biden

Sarah Mucha

Thu, January 27, 2022, 7:20 PM

 

 

 

 

 

 

 

 

Democrats in swing states and vulnerable districts in this year's pivotal midterms are distancing themselves from President Biden on social media as his poll numbers hit their lowest point.

Why it matters: The digital distance is one sign of the concern candidates feel about a person they'd normally embrace. Incumbent presidents — including one who believes he needs to come to their hometowns to sell his message — would normally be political gold for candidates from the same party.

Get market news worthy of your time with Axios Markets. Subscribe for free.

Details: Swing-state Senate candidates like Abby Finkenauer in Iowa, Val Demings in Florida and Cheri Beasley in North Carolina, who might face tough general election races if they win their primaries, have avoided tweeting about Biden.

• Operatives told Axios that while candidates like these won't completely shy away from the president, they won't be engaging on social media to thank him for passing legislation, for example.

• They want to develop a brand distinct from Biden and the national Democratic Party.

• Demings appeared to dodge this week when asked whether she'd like the president to campaign with her.

• "I am running my race," she said.

Many Democrats in front-line districts have also stopped mentioning the president on their campaign accounts since Sept. 1, per data compiled by Quorum and reviewed by Axios.

• That was a day after the administration completed its chaotic withdrawal from Afghanistan.

• Reps. Cindy Axne (D-Iowa), Sharice Davids (D-Kan.), Jared Golden (D-Maine), Jahana Hayes (D-Conn.) and Mikie Sherrill (D-N.J.) were among the front-line members who haven't mentioned "Biden" or "@POTUS" on their campaign accounts since Sept. 1.

• Reps. Andy Kim (D-N.J.) and Antonio Delgado (D-N.Y.) have mentioned Biden’s name but only in the context of urging him to act on specific issue matters.

The only mention Rep. Elissa Slotkin (D-Mich.) made of the president came through retweeting a CNN interview tweet that mentioned Biden.

• She commented generically, saying, "We should be happy about [the bill], whether it’s Biden’s signature or [Donald] Trump’s signature. If Trump’s signature had been on that thing, I’d be just as happy to visit people and talk about what this bill would do.”

• Some of these members have made mention of the president on their official legislative accounts.

What they’re saying: “I want every Democrat to run as ‘Democrats who deliver,’” House Majority Leader Steny Hoyer (D-Md.) said during an interview with Politico's Rachael Bade.

• She asked if, given the president’s poll numbers, front-liners should be running as “Biden Democrats.”

 

• Traveling the country — as he said last week he believes he needs to do more — has the potential to boost his approval rating.

• That, in turn, can propel the party's national brand, as well as Democrats running across the country.

• “The president getting his approval rating in some places from 43 to 47[%] over the next six or seven months, in a lot of places, that’s the difference between being competitive and in a place to win and not,” said Steve Schale, a Democratic strategist in Florida.

[XCR1250]

U.S. Consumer Spending Drops With Inflation Hitting 40-Year High

 

Olivia Rockeman

Fri, January 28, 2022, 7:56 AM·3 min read

 

 

 

U.S. Consumer Spending Drops With Inflation Hitting 40-Year High

(Bloomberg) -- U.S. inflation-adjusted consumer spending fell last month by the most since February, suggesting that Americans tempered their outlays amid the latest Covid-19 wave and the fastest inflation in nearly 40 years.

 

Purchases of goods and services, adjusted for changes in prices, decreased 1% from November, the Commerce Department said Friday.

The personal consumption expenditures price gauge, which the Federal Reserve uses for its inflation target, rose 0.4% from a month earlier and 5.8% from December 2020, the most since 1982. Unadjusted for inflation, spending fell 0.6%, while incomes rose 0.3%.

In another sign of inflation pressures throughout the economy, a separate Labor Department report Friday showed U.S. employment costs rose at a robust pace for a second straight quarter, highlighting the rapid compensation gains seen in the second half of the year as businesses competed for a limited supply of workers.

The data come after the Fed, seeking to tame inflation and preserve the recovery, endorsed interest-rate liftoff in March and opened the door to more frequent and potentially larger hikes than anticipated following its two-day policy meeting on Wednesday.

A surge in coronavirus infections due to the omicron variant likely slowed spending in December as more Americans stayed home, and high prices were probably also a deterring factor. That impact could carry over to the beginning of the first quarter as economic activity remains subdued, though most analysts expect the slowdown to be short-lived.

 

Even though the latest data imply a sizable near-term drop in activity, we estimate the slowdown will be short-lived, with virus cases having already peaked. Robust gains in labor income will continue to support healthy gains in consumer spending as the year progresses.

 

 

“There’s a risk that the high inflation we’re seeing will be prolonged, there’s a risk that it will move even higher,” Chair Jerome Powell said during a press conference Wednesday. “We have to be in a position with our monetary policy to address all of those plausible outcomes.”

The median forecasts in a Bloomberg survey of economists called for a 1.1% decrease in inflation-adjusted spending and a 5.8% rise in the price index from a year ago.

A separate report Thursday showed personal spending grew 3.3% in the final three months of 2021, led by a pickup in services outlays. Friday’s data for December suggest that consumer outlays were concentrated in the earlier part of the fourth quarter.

Inflation-adjusted goods expenditures slumped 3.1%, while spending on services rose 0.1%, according to Friday’s data.

The report also showed that personal incomes increased in December by a slower pace than 0.5% in the prior month.

The saving rate -- or personal saving as a share of disposable income -- rose to 7.9%, the second straight increase after declining for much of the year.

Wages and salaries advanced 0.7% in December after an 0.6% increase in the prior month as companies continue to raise pay to attract workers amid low labor supply.

Despite sizable pay increases on nominal terms, inflation is eating away at incomes. Disposable personal income, or after-tax income adjusted for inflation, fell 0.2% last month, the fifth straight decline.

The core price index, which excludes food and energy, rose 4.9% from a year ago, the most since 1983. Price pressures are expected to remain elevated in the coming months before cooling later this year.

[Ez ryder]

12 hours ago, spin_dry said:

No. Just picking up on your shitty attitude about Uncle Joe’s economy. 

Uncle Joe's 12 buck bottels of generic aspirin  . Uncle Joe's shrinking containers of food 

Uncle Joe's exploding debt. Yeah he built this 

[GreenStreak]

This is all smoke and mirrors

[Ez ryder]

On 1/28/2022 at 11:11 AM, spin_dry said:

It’s a shame that your business is hurting and not growing. 

Reality is people are spending a lot more money on the same shit they have always bought .

People are still buying stuff but are a lot more cautious now than they were even last yr . Still booked out past summer but the middle class people are not the ones doing the spending any more they are being much more cautious .