The Biden Administration’s robust and durable track record on jobs and unemployment is breaking records, putting up some of the best results we’ve seen in half a century.
The Biden Administration’s robust and durable track record on jobs and unemployment is breaking records, putting up some of the best results we’ve seen in half a century.
Remember when Obama went his entire term just about with positive job numbers and economy? Even till the end he was trashed for the economy by republicans.
Obama walked into office the week that the Great Recession rebounded. And he spent his first 100 days focused on bailing out the banks, propping up private industry, and prosecuting our wars in the Middle East. Of course the on-paper first term looked stellar. We had nowhere to go but up.
And yet… his 60 vote majority Senate dithered on immigration, health care, and climate change because he was so overly invested in “bipartisan” legislation. He didn’t close Gitmo, like he campaigned on. He didn’t exit Iraq, like he campaigned on. He didn’t prosecute any of the banksters. He didn’t even route the trillions of dollars in treasure bailouts to homeowners, resulting in some of the highest foreclosure rates of the crisis happening on his watch, while banks recapitalized at record speed (and turned a ton of that cash into campaign ads against him in the following election cycle).
Republicans took advantage of his casual even-handed approach to governance by stabbing him as many times in the back as they could. They fought him in the courts. They fought him in the media. They held up every bill possible in the Senate. They gerrymandered every House seat and state legislative race at their disposal.
And when 2010 came around, they brutalized the Democratic Party, as a result. Obama showed up with a handshake to a knife fight, when he could have been packing heat.
As a liberal, I wasn’t the biggest fan of Obama for many of those reasons. But if you look at the criticism he was receiving from republicans, it was all 100% bullshit. It always is, though. They live and die by the straw man.
Because jobs numbers are meaningless stats to reflect the state of the economy. Doesn’t matter if unemployment is at 0% if wages are stagnant and a person can’t live off it
If wages are stagnant and unemployment is 0%, there are much more serious atrocities going on.
Yes, there are
Wages aren’t stagnant
They have no idea what they’re talking about.
People still can’t live off them, they are stagnant.
People can’t live off what they’re making because corporations are cranking up the prices for record profits and blaming inflation. Food is one of the biggest offenders, and then thanks to all the corporations buying up all the single family homes, it’s driving rent through the roof with no chance for the average person to buy a house. It doesn’t matter how much you make when the rich just raise the bar for no other reason than greed.
Wages are not stagnant, around here 5 years ago it paid 8 bucks an hour to work at a fast food restaurant, now they start at 15. I make three times as much as I did 4 years ago doing the same thing I was doing. It might be a you problem if you think wages are stagnant, or you’re just a mouthpiece for fox “news”
It doesnt matter what it was 5 years ago, or what it is now. Its still not a livable wage. $15hr was the right number 20 years ago, not last week.
That’s not what that word means.
Stagnant refers to something that is not moving, moving slowly, declining. Which perfectly describes wages.
Wages are neither still nor declining. They are increasing.
If they’re not increasing at an equal or greater rate than inflation then they’re not really increasing.
Real wages are increasing, and real wages are adjusted for inflation.
Until people can live in those wages it’s irrelevant.
Wage increases are relevant to almost everyone.
In fact, if a wage increase is not relevant to you then you are quite privileged.
Source? fox “news” doesn’t count though.