Is Joe Biden after 10 months: Worst president ever?
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It doesn't surprise me you are drowning the forum touting the Biden Administration's economic performance with almost meaningless and out of context economic statistics. Some are deliberately cited to mislead. I won't even bother to ask you how Biden takes credit for economic performance earlier in the past year.
What I will tell you are two key things. Inflation (i.e. Federal Reserve money-printing) will increase many of these metrics. More importantly, there is only one metric most voters care about and that is inflation-adjusted take home pay. That's not looking good.
With inflation surging, big companies’ wage upticks aren't nearly enough
After all the sacrifices, risks, and burdens that millions of frontline workers have endured over the past 20 months of the pandemic, many workers are earning more than they did at the start—but by much less of a margin than many of us assumed.
www.brookings.edu
Correct.
But is disingenuous to pin the tail on Biden. The excessive money printing by the Federal Reserve has taken place unabated since 2008.
I believe that is exactly what I have been saying here for awhile. Frank's style is to drown the thread literally with propaganda. Biden immediately began to work an economic miracle, but don't pay attention to inflation and other unfavorable metrics.
That's why I tongue in cheek said Trudeau was Canada's greatest job destroyer and the country's greatest job creator.
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And it's only been one year. What will Joe accomplish in next 3?
www.foxnews.com
Shoppers 'astounded' by thinning grocery store supplies: 'It's just empty shelves'
Shoppers concerned over thinning grocery and drug store supplies compare their experience to shopping in a "Soviet store."
www.foxnews.com
Probably alot more if the LOSER Trump would just go away .
Has anyone seen such a childish human being like TRUMP , one year later , it's been verified over and over that the election was fair and the POS , like a little kid continues , a year later to cry that the election was stolen. Sad little man , once in his life cheating got him no where . Now if they can just lock him and his family up , especially the two goofballs Donnie JR and Eric ( two horse faced dumb f*cks )
I don't know of any country anywhere that allows employable working age people simply to draw welfare. Can you tell what remarkable countries these are?
I think you must be referring to Fuckercarlsonland, a mythical country that only exists on Fox News.
You don't have too look very far than the United States itself. After the economic crash of 2008/2009, disability claims expanded dramatically. If one use's deduction, there isn't anything in that period that would explain a dramatic increase in long-term disabled workers.
5.4 Million Join Disability Rolls Under Obama
A record 5.4 million workers and their dependents have signed up to collect federal disability checks since President Obama took office, according to the latest official government data, as discouraged... Read More
www.investors.com
That's not what you said though. You implied that European counties are so feckless that they just throw cash at employable citizens and are indifferent as to whether those employables work or not.You don't have too look very far than the United States itself. After the economic crash of 2008/2009, disability claims expanded dramatically. If one use's deduction, there isn't anything in that period that would explain a dramatic increase in long-term disabled workers.
5.4 Million Join Disability Rolls Under Obama
A record 5.4 million workers and their dependents have signed up to collect federal disability checks since President Obama took office, according to the latest official government data, as discouraged... Read More
Scamming the system occurs everywhere. We all know people who fake disability for all sorts of disreputable reasons - to avoid child support payments, to con the insurance companies and to get goverment benefits among other things.
Actually, I can tell you what is happening in the welfare paradise of Denmark.
Denmark spends between 4 and 5 % of GDP on active employment programs, the highest number in The World.
Much is spent on re-education and re-location of workers. As a result Denmark has a total workforce participation rate of 74%. As comparison: USA 59%, Canada 61%.
I consider that good business. Any conservative, who want to run a country like a business should advocate this.
I think your statement proves the point. Sure, the Western Europeans have a system in place. People everywhere find ways to work the system.
In my opinion, European welfare and unemployment systems are more generous than the U.S. Some European countries offer free education and assistance to students for long, extended periods beyond four years. If you work in Europe, you will inevitably encounter hires who seem to seek employment only long enough to qualify for more generous severance and unemployment assistance. This can happen in the U.S. but it is not very generous.
Yet Denmark has an employment rate of 74% while USA has 59% and Canada 61%.
Without a doubt, the system in Denmark works, and is very beneficial to the economy.
PS: I am using Denmark as an example, because I know about Denmark, and because Denmark is the poster child for welfare systems.
You are seeing an advantage, not a problem.
I don't know, maybe people in Denmark are different than people in Canada. One would think so, if one believes the posts of the more conservative members here.
In Denmark, the great majority of people, male and female, want to be employed and be productive members of society. I personally believe the same can be said about Canadians, but many conservative posters here claim that Canadians would abuse a welfare system, and would like nothing more than to not work and collect welfare.
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You're redirecting the conversation to entirely other matters. Is Western Europe on a whole more prosperous? That's very subjective.
Solvency is entirely a different question that demands economic discussion beyond headlines. I know you get upset when I comment on economics that don't come from a headline. Let's give it a shot anyway.
The U.S. is completely solvent as long as other countries (namely the Chinese, Japanese, etc.) buy U.S. treasuries. They don't buy U.S. treasuries because they want to buy them. They buy U.S. treasuries because they have to. Countries that manage mercantilist policies and the resulting chronically large trade deficits need a place to sterilize all of the accumulated money. These countries have chosen not to stimulate doemstic demand beyond what is necessary. That's the basic premise of mercantilism.
Most desirable, stable and open capital countries (free market Western countries) do not tolerate the endless inflow of foreign money. With the Dollar as the global reserve currency and the size of the U.S. economy, the U.S. is in the best position to absorb excess money in the global system. Think about it. If you were a Chinese Central Banker, wouldn't you rather buy German govt. bonds, Canadian govt. bonds and Japanese govt. bonds. However, it doesn't happen in a material amount.
The trade clearing mechanisms quickly get extremely pedantic. Let's just say axioms like "trade surpluses good, trade deficits are bad" are very oversimplistic. I know you think I cook this shit up, but I am not that smart for that. This is commonly discussed in the Financial Times and a lesser extent the Wall Street Journal. The U.S. news media and politically-aligned economists from both sides don't give a shit. Wall Street loves managing all the excess money that inevitably sloshes around our financial system.
I believe Switzerland might have an even higher employment rate. There are many factors that contribute to a country's employment rate. In a country like Switzerland, you have very large Swiss-based multinational employers that cannot find enough locals to hire. They literally import employees from the rest of the EU.
True, a few countries have employment rates closer to 80%.
Switzerland does not import many workers, it is almost impossible to get a work permit there.
Employment rate
Employment rate is the extent to which available labour resources (people available to work) are being used.
data.oecd.org
No, I didn't say MORE prosperous. I simply said "prosperous and solvent".
I was avoiding any extended argument over whether the US or the EEC was in better shape as that becomes an endless bun-fight over competing standards and debatable statistics.
Some Canadians undoubtedly do abuse welfare programs - or more profitably and commonly - disability insurance plans in private companies. But there are always going to be such people in any society, just as there are always thieves, jaywalkers and drivers who exceed the speed limit on the highway.
It is hardly an acceptable argument that all public and private welfare schemes are cancelled to the detriment of the honest (but unfortunate) citizens, simply because the dishonest minority attempts to cheat. But I believe that is where the conservatives on this board and Wyatt in particular wish to take us with this topic.
