https://www.wsj.com/articles/consumer-spending-inflation-economy-11675093472?mod=djemalertNEWS HYPERLINK has full article snip The engine of the U.S. economy—consumer spending—is starting to sputter. Retail purchases have fallen in three of the past four months........... The auto industry posted its worst sales year in more than a decade......... The share of monthly income Americans set aside for savings was 3.4% in December, down from 7.5% a year earlier.............. Annual inflation, as measured by the consumer-price index, remained above 5% in December for the 19th straight month, the longest such streak since the early 1980s. end snip But fear note. Those who vote Democrat will tell us that all is well. Look around and you will see the layoffs and slow down.
On a similar note unemployment is almost at an all time low. Of course that could be because so many people are happy not having a job and thus aren't counted as jobless.
Inflation down to 5% from 5.5% Unemployment down to 3.5% unemployment benefit filings lowest levels since 1960’s GDP growth is 2.9% the Feds have successfully managed the economy. Expect one more rare hike. Then we will see then move to bring them back down. Good work Now the house can **** it all up.
Nothing that another tax cut for the rich and drill-baby-drill can't fix, right? Wait, why is the House GOP not working on those? Are they too busy with investigations into Hunter's laptop, trying to make the US default on its debt, and infighting?
Rest assured. They (Republicans) will be working on trimming the out of control spending this fall. I attended a gathering yesterday where two members of the Freedom caucus talked about their game plan.,
Rest assured, the House GOP is working on using austerity to create a recession, so they can take back all of government in 2024. If the US has to default on its debt for this purpose, so be it.
The Republicans will extend the debt ceiling but the plan is to link it to GNP. Then they will address spending in the Fall. The debt is out of control and continuing out of control spending is hardly a measure for prosperity.
Yep, it's easy to push for austerity when the other party has the WH. When the GOP has the WH and Congress, they cut taxes AND spend like drunken sailors. They fool nobody (except maybe you) with their fake fiscal responsibility spiel.
Meet the new boss Democrats did jack squat except target Trump. Now we have GOP doing similar. DC being DC
Well you know what they say about opinions. But the following is reality. https://www.usdebtclock.org/
Thank goodness.... Most of the MAGA voters are out ringing up that credit cards debt they're going to be bitching about shortly....
So would cutting spending for the stuff mentioned in this article be unacceptable austerity in your opinion? Stuff like Creating trans gender nacaques, paying Russia to create zombie cats, creating a mathematical model of animals deficating, study of an AI based tiolet system, etc. https://nypost.com/2022/07/02/watchdog-calls-out-the-governments-most-ridiculous-spending/ We sure don't want to create austerity by cutting spending for this sort of thing.
We are looking for gridlock..... nothing more and nothing less. The less the government does, the better. In the meantime, the Republicans should spend every second of their time investigating Democrats and Democrat bureaucrats. Set up kangaroo courts like the Democrats had 6 months ago to accomplish this. Nothing would make me happier than a nice long 2 year investigation of Fauci's role in creating the worst pandemic in our lifetime.
And pretty much the same thing is happening all around the developed world regardless of who is in power and of their political leanings. But of course that's all the democrats fault? Let's have another unfunded tax cut for the wealthiest Americans. That'll fix it for sure.
You have no idea what's headed down the track The entire world "With very few exceptions" is working feverishly to crater the U.S. dollar and this country.. Better be smart and have some stashed and not sitting in a place where if it folds so does your wealth along with it GOOD luck! Will Joe Biden Oversee The Collapse Of The U.S. Dollar? (thefederalist.com)
This might answer it last link To old April jobs report: 29% of unemployed have been jobless over a year (cnbc.com) Table A-16. Persons not in the labor force and multiple jobholders by sex, not seasonally adjusted - 2022 M13 Results (bls.gov)
If that is all you are looking for, and will recognize, then of course that is all you will see. It is pathetic, though,the way some people will try to sell people on a negative view of things, when the overall statistics, paint a very different, optimistic picture. Layoffs occurred at all a greater pace, before the pandemic. Yes, naturally we've had an inflationary period, but the relative "news," is that inflation continues declining. And people have not put away as much in savings, as when they were getting thousands in checks-- you could blow me over with a feather, I'm so surprised. Consumers are not "freaking out."
And again, high house pricing (I'm in rental Real Estate), a pretty much international phenomenon in the developed world with international buyers looking to park money pretty much anywhere they can, is also the fault of democrats and will magically solve itself in the unlikely event Republicans ever sweep significantly back in to power.
