bidenomics! Archives - Page 6 of 6 - Citizen Watch Report

Bidenomics? “We Created More New Jobs In Two Years Than Any President Did In Their Entire Term” … Except Trump! (25 Consecutive Months Of NEGATIVE Real Weekly Earnings!, 10Y-2Y Yield Curve Crashing)

July 1, 2023 9:56 pm

by confoundedinterest17 Yes, Resident Biden, our bumbling, corrupt “leader” said “We created more new jobs in two years than any president did in their entire term.” Of course, like almost everything that comes out of Biden’s mouth was a lie. Actually, the US economy added 12.53 million jobs after April 2020 (Trump) while Bidenomics created …

Bidenomics?? US Gross Domestic Income Drops -1.8% QoQ For Q1 2023, REAL GDI At -0.8% QoQ (US Added 12.53M Jobs After April 2020 (Trump) While Bidenomics Took 2 1/2 years To Add 12.56M Jobs)

July 1, 2023 10:44 pmJune 30, 2023 9:32 am

by confoundedinterest17 Bidenomics is a great marketing ploy where you have out of control Federal spending and magically decide to reopen the economy and school after Covid and focus only on jobs added after Biden was selected President and ignore the jobs added during Trump. Real gross domestic income (GDI) is a measure of the incomes …

US Q1 GDP Revision Jumps To 2.0% QoQ On Net Trade Jump, Responsible For Almost All Of The 1.3% To 2% Increase (REAL Median Weekly Earnings DOWN -3.7% Under Bidenomics)

June 29, 2023 10:05 pm

by confoundedinterest17 Welcome to why I am always dubious about Federally-reported economic numbers, like GDP. GDP was adjusted up to 2% QoQ for Q1. But what was the reason for the dramatic revision? Net trade was the biggest change: exports were revised from 0.58% to 0.86%, while imports subtracted only -0.28% from the bottom line …

Bidenomics? US Pending Home Sales Plunge More Than Expected In May To -20.8% YoY (Negative On Top Of 25 Straigth Months Of Negative REAL Wage Growth)

June 29, 2023 8:11 pm

by confoundedinterest17 Bidenomics? Yes, an economy where inflation crushes the middle class and low wage workers with 2 years of negative wage growth and now 24 or the last 25 months of negative growth rates of Pending Home Sales YoY. After existing home sales were flat and new home sales exploded higher, pending home sales …

Bidenomics? US Purchase Mortgage Demand Falls -8% From Previous Week (DOWN -21% From Last Year, DOWN -45.3% Under Biden, Refi Demand DOWN -91%, Mortgage Rate UP 128%)

June 28, 2023 10:02 am

by confoundedinterest17 Eggs, bacon and toast. All more expensive under Biden’s economy. And mortgage purchase demand is down -45.3% since Biden was elected and mortgage refinancing demand is down -91% under Biden and mortgage rates are up 128% under Biden’s economy. Mortgage applications increased 3.0 percent from one week earlier (using seasonally adjusted data), according to …

Bidenomics! Industrial Production Unexpectedly Heads Lower In May, Still Signaling Stagnation (Joe’s Pacific Coast To Indian Ocean Railroad Hasn’t Kicked In Yet)

June 18, 2023 10:17 pm

by confoundedinterest17 I wonder if Biden’s proposed railroad from the Pacific to the Indian Ocean will generate massive industrial production growth? Is this more Bidenomics?? Industrial production unexpectedly dips in May. It peaked eight months ago. On a year-over-year basis, May’s Industrial Production declined to a lame 0.23%. As The Fed hikes rates and slows …

Bidenomics! US Public Debt Breaks $32 TRILLION Barrier, Up 200% Since Obama/Biden (And Unfunded Liabilities At $192 Trillion With No End In Sight) Our Money Belongs To Them!

June 18, 2023 9:04 pm

by confoundedinterest17 Money makes DC go around. Particularly when there are no effective constraints on the Administration or Congress’s ravenous appetite for insane spending (like Biden bragging about the US funding a large solar energy in Angola while he leaves the southern border wide open). After all, Biden, Schumer and McConnell all believe our money (along …