racer254 Posted March 27 Share Posted March 27 Nearly 72 percent of all job gains since 2021 were simply jobs that were being recovered from the pandemic, not new job creation. In fact, when looking at today’s economy compared to pre-pandemic levels, employment is up only by 3.7 million, not 13 million. On the other hand, in his first 2.5 years, job creation under President Trump was 5 million—1.3 million more jobs than the current President in the same time frame after factoring in the recovery from pandemic. The labor force participation rate remains 0.7 percentage points lower under Biden than it was when President Trump was in office. When adjusting for population gains, nearly 2 million more Americans are on the sidelines today than they were during the previous Administration. Real wages are down over 5 percent since President Biden entered the Oval Office. Since President Biden took office, the average worker has lost over $4,900 in real wages. Americans are still feeling the sting of this inflation crisis—prices are up 15.5 percent under Biden. Inflation remains over three times higher than just a couple years ago. The average family of four is paying $13,717 per year or $1,143 per month more to purchase the same goods and services as in January 2021. The “Inflation Reduction Act” enacted by Democrats last year gave $271 billion in tax credits to pay for “green” energy projects that even liberals admit are a boon for the top 1 percent. These out of control “green” handouts are going to cost American communities an estimated $1.2 trillion, according to independent analysis by Goldman Sachs, nearly $1 trillion higher than original estimates. Companies with over $1 billion in sales receive more than 90 percent of special interest green energy tax subsidies. Some analysts estimate that banks and insurers alone receive over half of green energy checks, far more than any other industry or sector. China—Batteries Today, China controls over 50 percent of the processing capacity of key EV battery inputs like lithium, cobalt, and graphite. China’s influence over the EV supply chain widens to around 90 percent in manufacturing and processing in a number of battery materials and minerals. According to a report from the liberal think tank SAFE, 60 to 100 percent of all battery minerals are processed in China. China—Solar According to the U.S. Department of Energy, China controls nearly 80 percent of the entire solar production supply chain, including 97 percent of solar wafers capacity, 81 percent of solar cell capacity, and 77 percent of global capacity for finished solar modules or panels. China—Wind After the IRA passed, global wind turbine orders reached record levels, 90 percent higher year-over-year in Q4 2022, with 65 percent of those orders attributable to China. Despite buses and rails accounting for only a tiny fraction of Americans’ travel, mass transit and Amtrak receive the same amount of funding as highways. 1 Quote Link to comment Share on other sites More sharing options...
racer254 Posted March 27 Author Share Posted March 27 In 2021, keeping spending at the levels projected in January 2020 or February 2021 would have resulted in the 2021 deficit being $2.0 or $1.1 trillion lower, respectively. In 2022, the deficit would have been between $400 billion and $1.2 trillion lower given had spending remained at the levels projected in any of the three prior CBO baselines. Notably, had spending in 2022 been what CBO projected it would be when Biden took office – without the impact of his failed economic policies – the budget deficit would have been its lowest since 2001, which was the last time the government ran a surplus. Had spending stayed at any of the previously projected levels for both years, combined deficits would have been between $1.5 and $3.2 trillion lower than the actual deficits incurred. Government spending is the primary driver of deficits and President Biden and Congressional Democrats have engaged in an unprecedented $11 trillion partisan spending spree, including: $709 billion on student loan waivers and giveaways that forces the 87 percent of Americans without student loans to pay for the loans of the 13 percent who do. An $80 billion slush fund for the IRS to hire 87,000 new agents. Roughly $100 billion bailout of union multiemployer pension plans that overpromised and underdelivered for their workers, ultimately offloading the costs onto the American taxpayers. 1 Quote Link to comment Share on other sites More sharing options...
NaturallyAspirated Posted March 27 Share Posted March 27 BDS. Neal 1 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted March 27 Share Posted March 27 Lol Quote Link to comment Share on other sites More sharing options...
racer254 Posted March 27 Author Share Posted March 27 Spend spend spend! 1 Quote Link to comment Share on other sites More sharing options...
airflite1 Posted March 27 Share Posted March 27 One thing that stands out for me is insurance, mine has almost tripled in the last 3 years, with homeowners taking the biggest jump. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted March 27 Platinum Contributing Member Share Posted March 27 1 minute ago, airflite1 said: One thing that stands out for me is insurance, mine has almost tripled in the last 3 years, with homeowners taking the biggest jump. Check the company profits……and climate change is playing a role. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted March 27 Platinum Contributing Member Share Posted March 27 Joe rocks! Racer likes cult leaders spending and owning 25% of the debt. Joes bringing the annual budget deficits down Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted March 27 Share Posted March 27 9 hours ago, NaturallyAspirated said: BDS. Neal 1 hour ago, airflite1 said: One thing that stands out for me is insurance, mine has almost tripled in the last 3 years, with homeowners taking the biggest jump. all insurance... with health insurance being the biggest detriment to the overall economy. don't forget, we're all in a 'pool' so we all help pay for the claims... Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted March 27 Platinum Contributing Member Share Posted March 27 20 minutes ago, Crnr2Crnr said: all insurance... with health insurance being the biggest detriment to the overall economy. don't forget, we're all in a 'pool' so we all help pay for the claims... insurance should be modeled after something similar as the rest of the industrialized world. But that’s socialism and your Repugs are opposed Quote Link to comment Share on other sites More sharing options...
Doug Posted March 27 Share Posted March 27 1 Quote Link to comment Share on other sites More sharing options...
Deephaven Posted March 27 Share Posted March 27 1 hour ago, racer254 said: Spend spend spend! And the alternative spent, spent, spent in his last term. 'merica needs to do better Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted March 27 Share Posted March 27 16 minutes ago, SnowRider said: insurance should be modeled after something similar as the rest of the industrialized world. But that’s socialism and your Repugs are opposed I'd prefer not to be in a home owners pool with Florida, California and any red state in Tornado alley... Quote Link to comment Share on other sites More sharing options...
racer254 Posted March 27 Author Share Posted March 27 2 hours ago, SnowRider said: Check the company profits……and climate change is playing a role. Climate change alarmists and green energy are the ones causing issues Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member ViperGTS/Z1 Posted March 27 Platinum Contributing Member Share Posted March 27 2 hours ago, airflite1 said: One thing that stands out for me is insurance, mine has almost tripled in the last 3 years, with homeowners taking the biggest jump. Yeah it's insane...... Thanks for reminding me....I'm going to try to switch carriers and go with the insurance that also covers my cars NJM instead of Travelers...... Should get a multi-coverage discount and save some cash. I only own one house now, They were frowning on me when I was trying to provide coverage for a secondary home. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted March 27 Share Posted March 27 I miss those mobile morgues. Quote Link to comment Share on other sites More sharing options...
01mxz800 Posted March 27 Share Posted March 27 1 Quote Link to comment Share on other sites More sharing options...
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