Thursday, June 22, 2023

White House: We Might Want to See ‘Growth Rates that Are Below Trend’ - DOUBLING THE WEALTH OF OUR BILLIONAIRES AND CUTTING THEIR TAXES IS BIDENOMICS UP CLOSE

  

Profits of Doom: Globalist Elites Doubled Their Wealth During Coronavirus Pandemic

Despite his Wall Street, big business, Big Tech, and billionaire donations, Biden has attempted to portray himself as a small-town fighter from Scranton, Pennsylvania

White House: We Might Want to See ‘Growth Rates that Are Below Trend’

On Wednesday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers Chair Jared Bernstein stated that the White House wants to see “growth rates, perhaps even growth rates that are below trend,” because having these growth rates would aid in “the realignment of supply and demand in the labor market.”

Bernstein said, [relevant remarks begin around 12:45] “Well, one of the things I thought I heard Chair Powell say today was something about housing prices expected to come down in the second half of the year. That’s something that we at the CEA have talked about, we’ve published on our blog and on our Twitter thread, a model that we use to track housing prices. And some of this is very mechanical. It’s just the way the lags work in the CPI and the PCE deflators. So, that rollover in the second half of this year should be helpful in terms of maybe nudging the core down a bit and helping with the headline as well. In terms of growth, look, I like — obviously, I think where we are is very consistent with the president’s transition to steady, stable growth. What we want to see are growth rates, perhaps even growth rates that are below trend, because the mechanics of that is it helps the realignment of supply and demand in the labor market. And with a strong consumer, with a labor market like this behind her, that’s the kind of numbers that we’ve been seeing.”

Follow Ian Hanchett on Twitter @IanHanchett

Forbes listed the world’s 10 richest men as: Tesla and SpaceX chief Elon Musk, Amazon’s Jeff Bezos, Google founders Larry Page and Sergey Brin, Facebook’s Mark Zuckerberg, former Microsoft CEOs Bill Gates and Steve Ballmer, former Oracle CEO Larry Ellison, U.S. investor Warren Buffet and the head of the French luxury group LVMH, Bernard Arnault.

Analysis: Joe Biden’s ‘Build Back Better’ Would Make the Rich Even Richer

By failures of border security, a lack of the enforcement of our immigration laws from within  the interior of the United States and huge numbers of visas for high tech workers, the lives and livelihoods of Americans and their children, are being stolen by America’s corrupt political elite who are doing the bidding of those who provide them with huge “Campaign Contributions” (Orwellian euphemism for bribes) pursue legislation that is diametrically opposed to the best interests of America and Americans.

                                                              MICHAEL CUTLER

 By failures of border security, a lack of the enforcement of our immigration laws from within  the interior of the United States and huge numbers of visas for high tech workers, the lives and livelihoods of Americans and their children, are being stolen by America’s corrupt political elite who are doing the bidding of those who provide them with huge “Campaign Contributions” (Orwellian euphemism for bribes) pursue legislation that is diametrically opposed to the best interests of America and Americans. MICHAEL CUTLER

LAYOFFS Imminent (Housing Market is NOT PREPARED)

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