Newt Gingrich calls Joe Biden a 'sickness'
Mental decline of 'utterly deplorable and inept' President Biden 'can't be ignored'
Mental decline of 'utterly deplorable and inept' President Biden 'can't be ignored'
The United States is 'literally leaderless'
Rebellion Must Be Its Own justification | Chris Hedges (THIS IS AMERICA)
Tucker: Whenever you think we've reached peak insanity, Biden doubles-down
It's 'hard to exaggerate' how 'dangerously bad' US President Joe Biden is
US Vice President Kamala
Harris 'is such a hoax'
BARACK OBAMA EXPOSES JOE BIDEN
We Are Witnessing Incompetence On A Colossal Scale Throughout Our Society
https://www.youtube.com/watch?v=BC-YUhCUo7g
When asked, “Is Joe Biden really doing the job of president, or are others making decisions for him behind the scenes?” Only 39 percent said “Joe Biden is really doing the job of president,” while a majority of 51 percent said, “others are making decisions for him.”
So Joe Biden is increasingly seen as a president not up to the job and a president who is not really making the decisions he was elected to make.
CNN Shows One Broken Promise After Another in
Devastating Takedown of Biden Presidency
https://www.youtube.com/watch?v=m1B1aq78a0Y
https://www.youtube.com/watch?v=BC-YUhCUo7g
When asked, “Is Joe Biden really doing the job of president, or are others making decisions for him behind the scenes?” Only 39 percent said “Joe Biden is really doing the job of president,” while a majority of 51 percent said, “others are making decisions for him.”
So Joe Biden is increasingly seen as a president not up to the job and a president who is not really making the decisions he was elected to make.
CNN Shows One Broken Promise After Another in
Devastating Takedown of Biden Presidency
https://www.youtube.com/watch?v=m1B1aq78a0Y
FLEECED! How aid billions were squandered in Afghanistan: £4 million on Tuscan goats for the cashmere trade, £120 million on Dubai villas for corrupt politicians and £400 million on aircraft left to rot
IMAGES OF JOE BIDEN’S MANSIONS:
https://www.townandcountrymag.com/leisure/real-estate/a33809100/joe-biden-real-estate-homes/
IMAGES OF JOE BIDEN’S MANSIONS:
https://www.townandcountrymag.com/leisure/real-estate/a33809100/joe-biden-real-estate-homes/
Disaster: Biden’s Economy Created Just 235,000 Jobs in August
4:02 The U.S. economy added 235,000 jobs in August and the unemployment rate dipped to 5.2 percent, the Labor Department said in its monthly labor assessment Friday.
The median Econoday forecast of analysts was for 740,000 jobs and an unemployment rate of 5.2 percent, according to Econoday. The private payrolls report from payroll processor ADP on Wednesday, however, pointed to a much weaker number, with ADP estimating just 374,000 jobs, missing estimates for 500,000.
The August figures follow the upwardly revised 1.1 million jobs for July (revised from the preliminary report of 943,000), which was the second straight month above consensus, and an unemployment rate of 5.4 percent, which was also better than consensus. The economy added 962,000 in June (revised up from last month’s estimate of 938,000 and the preliminary estimate of 850,000) and 614,000 in May.
One note of caution: the estimate of jobs is based on data from a mid-month work week that occurred when the level of new infections was considerably lower than it is now. That could mean that the survey results, although extremely disappointing, actually overestimated the number of jobs created by not accounting for a slowdown in the second half of the month.
Employment has risen by 17.0 million since the ebb in April 2020 but is down by 5.3 million, or 3.5 percent, from its pre-pandemic level in February 2020.
Employment in leisure and hospitality, which had been averaging 350,000 jobs over the last six months, did not grow at all. Bars and restaurants shed 42,000 jobs. Retail also contracted, losing 29,000 jobs.
Mining, which includes fracking and other energy extraction jobs, added 6,000. IT added 17,000. Financial services grew by 16,000.
The manufacturing sector was remarkably strong given the weakness elsewhere. Employment grew by 37,000 jobs. Manufacturing employment is now 378,000 below the prepandemic level.
In August, there was little or no improvement in other major industries, including construction, wholesale trade, and health care.
Employment increased by 40,000 in private education, declined by 21,000 in state government education, and fell by 6,000 in local government education, confounding expectations for a jump in hiring in the education sector.
The economy outperformed expectations on many metrics in the first two quarters of this year as vaccinations boosted business and consumer confidence and restrictions on businesses were been lifted. But the surge in Covid-19 infections and inflation this summer have coincided with a series of disappointing economic reports that appear to indicate economic growth has already peaked and is now slowing.
The Atlanta Fed’s GDPNOW attempts to assess what the latest data suggests about quarterly GDP. As of Thursday, it read just 3.7 percent for the third quarter, reflecting how much recent economic data has fallen short of expectations. The New York Fed’s version was last updated on August 27 with a reading of 3.8 percent. The “Blue Chip” forecast, compiled from interviews with leading economists, is for growth of around 6.5 percent, down from 7.5 percent a month ago. In August, Goldman Sachs cut its third quarter growth estimate from nine percent to 5.5 percent and bearish Bank of America cut its forecast from seven percent to 4.5 percent.
The U.S. economy added 235,000 jobs in August and the unemployment rate dipped to 5.2 percent, the Labor Department said in its monthly labor assessment Friday.
The median Econoday forecast of analysts was for 740,000 jobs and an unemployment rate of 5.2 percent, according to Econoday. The private payrolls report from payroll processor ADP on Wednesday, however, pointed to a much weaker number, with ADP estimating just 374,000 jobs, missing estimates for 500,000.
The August figures follow the upwardly revised 1.1 million jobs for July (revised from the preliminary report of 943,000), which was the second straight month above consensus, and an unemployment rate of 5.4 percent, which was also better than consensus. The economy added 962,000 in June (revised up from last month’s estimate of 938,000 and the preliminary estimate of 850,000) and 614,000 in May.
One note of caution: the estimate of jobs is based on data from a mid-month work week that occurred when the level of new infections was considerably lower than it is now. That could mean that the survey results, although extremely disappointing, actually overestimated the number of jobs created by not accounting for a slowdown in the second half of the month.
Employment has risen by 17.0 million since the ebb in April 2020 but is down by 5.3 million, or 3.5 percent, from its pre-pandemic level in February 2020.
Employment in leisure and hospitality, which had been averaging 350,000 jobs over the last six months, did not grow at all. Bars and restaurants shed 42,000 jobs. Retail also contracted, losing 29,000 jobs.
Mining, which includes fracking and other energy extraction jobs, added 6,000. IT added 17,000. Financial services grew by 16,000.
The manufacturing sector was remarkably strong given the weakness elsewhere. Employment grew by 37,000 jobs. Manufacturing employment is now 378,000 below the prepandemic level.
In August, there was little or no improvement in other major industries, including construction, wholesale trade, and health care.
Employment increased by 40,000 in private education, declined by 21,000 in state government education, and fell by 6,000 in local government education, confounding expectations for a jump in hiring in the education sector.
The economy outperformed expectations on many metrics in the first two quarters of this year as vaccinations boosted business and consumer confidence and restrictions on businesses were been lifted. But the surge in Covid-19 infections and inflation this summer have coincided with a series of disappointing economic reports that appear to indicate economic growth has already peaked and is now slowing.
The Atlanta Fed’s GDPNOW attempts to assess what the latest data suggests about quarterly GDP. As of Thursday, it read just 3.7 percent for the third quarter, reflecting how much recent economic data has fallen short of expectations. The New York Fed’s version was last updated on August 27 with a reading of 3.8 percent. The “Blue Chip” forecast, compiled from interviews with leading economists, is for growth of around 6.5 percent, down from 7.5 percent a month ago. In August, Goldman Sachs cut its third quarter growth estimate from nine percent to 5.5 percent and bearish Bank of America cut its forecast from seven percent to 4.5 percent.
'Big Miss': Weak August Jobs Report 'Terrible News' for Economy
Source: AP Photo/Rogelio V. Solis, File
The Bureau of Labor Statistics released its August jobs data on Friday morning showing a much weaker than expected 235,000 jobs were added while the unemployment rate dipped .2 percent from July to 5.2 percent, missing expected job growth by 500,000.
While it was estimated that the unemployment rate would fall to 5.2 percent, August's jobs numbers are a significant miss from the 720,000+ new jobs economists predicted would be reported.
Total nonfarm payroll employment rose by 235,000 in August, and the unemployment rate declined by 0.2 percentage point to 5.2 percent, the U.S. Bureau of Labor Statistics reported today. So far this year, monthly job growth has averaged 586,000. In August, notable job gains occurred in professional and business services, transportation and warehousing, private education, manufacturing, and other services. Employment in retail trade declined over the month.
Reported job losses in retail along with restaurants could be partially explained by the Delta variant of the Wuhan coronavirus and the restrictions many liberal cities and states snapped back in place. The trend of such losses in face-to-face jobs could continue as vaccine mandates such as the one rolling out in New York City restrict those able to work, dine, or shop in person.
With no way to spin the results as anything but a miss for the Biden economy, even The Washington Post called August's report "lackluster" and "disappointing."
"This was a big disappointment," reacted CNN. "In August, Job growth slowed dramatically."
"235,000 jobs were added back, that is a big miss," said Chief Business Correspondent Christine Romans. "The consensus was for more than 700,000, even the whisper numbers of a disappointment were 400,000 or 500,000 so this is a disappointment."
Over on CNBC, anchors pointed out the job growth during the month Biden surrogates traveled the country touting the president's promise to build back better was "really weak," adding "this is terrible news... for the real economy."
August's jobs report comes as Americans continue to see prices rise due to the inflation that's proved persistent despite the Biden administration's claims that such increases are temporary. And despite Americans' wages rising, Biden's inflation-driving policies mean many workers have less buying power.
Americans continue to become disenchanted with President Biden's performance, especially when it comes to his handling of the economy. A majority now believe the economic situation in the United States is getting worse under his leadership, and his overall job approval is continuing a downward turn.
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