Sunday, January 7, 2024

A GLANCE AT BIDENOMICS - JOE BIDEN'S PATH OF DESTRUCTION - More economy ‘good news, bad news’ from the Biden administration

HAVE YOU NOTICED THAT WHEN THEY DO THE NUMBERS, JOBS, ETC., THEY NEVER INCLUDE JOE BIDEN'S 20 MILLION MORE ILLEGALS???


Fmr. Dem Sen. Heitkamp: Even with Many Working Multiple Jobs, Families Aren’t Prosperous

On Friday’s broadcast of CNBC’s “Last Call,” CNBC Contributor and former Sen. Heidi Heitkamp (D-ND) stated that even with many people working multiple jobs, “they don’t feel financially secure,” and “the mistake that the Biden campaign is making is telling everybody, smile, it’s great.” And they “haven’t really gotten out there to explain their plan on how to make families prosperous again.”

Heitkamp said, “When you think about jobs, think about the fact that a lot of people have jobs, they know they can get a job, and a lot of them are working two jobs. The question is, are they making enough to make ends meet? And what they’re basically telling us, through these numbers, is, they don’t feel financially secure, even though they feel secure in employment. And so, it’s the cost of living that we have to focus on. Yes, it is coming down. But the misery index is the piece. Everybody wants to measure GDP and jobs. Guess what? What people look at is, what’s in your checking account at the end of the month or at the end of the week.”

Later, she added, “I think that the mistake that the Biden campaign is making is telling everybody, smile, it’s great. … People don’t feel like the economy is good. And it doesn’t matter what those macro numbers are. You’ve got to look at — as my friend Barbara Mikulski used to say — the macaroni and cheese numbers, not just the macro numbers. And I think they haven’t paid enough attention to the macaroni and cheese issues and haven’t really gotten out there to explain their plan on how to make families prosperous again.”

Heitkamp added that if the mac and cheese numbers don’t change between now and the election, “you’ve got to start by talking about where we came from after the pandemic, be honest about it. But also, I think people just want to be heard and they want to know that people hear their complaint, they know what they’re talking about when they say, I can’t make ends meet. And…insurance costs, those are also adding to this. And so, let’s take a look at all the things that you can control and then tell people you’re working on those things that will make the economy better and hopefully wages higher and will offer an opportunity to actually have the American Dream.”

Follow Ian Hanchett on Twitter @IanHanchett


WHILE THESE POLS WERE FILLING THEIR POCKETS WITH BRIBES, THIS IS WHAT HAPPENED TO THEIR CITY:






More economy ‘good news, bad news’ from the Biden administration

The US Bureau of Labor ended the first week of 2024 announcing good news, bad news.

Good news.

Total nonfarm payroll employment increased by 216,000 in December, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in government, health care, social assistance, and construction, while transportation and warehousing lost jobs. 

President Joseph Biden (D) gushed:

Our economy created 2.7 million new jobs in 2023 while the unemployment rate was consistently below 4%.

That’s more jobs than during any year of the prior Administration.

This morning's report confirms that it was a great year for American workers.

— President Biden (@POTUS) January 5, 2024

Well, yeah.  But...yeah, there’s is a big but!  While not downplaying those jobs’ importance, most of the new employment was in government and health care and social services–related jobs, which are supported by taxes paid for by private, wealth-generating, tax-generating jobs in the private sector, which declined — e.g., transportation and warehousing jobs.

Wait...more buts to the seemingly good news.  Bad news.

The number of persons employed part time for economic reasons, at 4.2 million, changed little in December but was up by 333,000 over the year. These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or they were unable to find full-time jobs. (See table A-8.) The number of persons not in the labor force who currently want a job edged up to 5.7 million in December and was up by 514,000 over the year. These individuals were not counted as unemployed because they were not actively looking for work. ...

The average workweek for all employees on private nonfarm payrolls edged down by 0.1 hour to 34.3 hours in December. In manufacturing, the average workweek was little changed at 39.8 hours, and overtime remained at 2.9 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls edged down by 0.1 hour to 33.7 hours. (See tables B-2 and B-7.) The change in total nonfarm payroll employment for October was revised down by 45,000, from +150,000 to +105,000, and the change for November was revised down by 26,000, from +199,000 to +173,000. With these revisions, employment in October and November combined is 71,000 lower than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.)

Oh.

So how are all these workers being paid?  Borrowing.  Loans.  Lots and lots of them.  As public broadcasting (PBS), paid for with your tax dollars and donations, explains:

U.S. national debt hits record $34 trillion as Congress gears up for funding fight

WASHINGTON (AP) — The federal government’s gross national debt has surpassed $34 trillion, a record high that foreshadows the coming political and economic challenges to improve America’s balance sheet in the coming years.

The U.S. Treasury Department issued a report Tuesday logging U.S. finances, which have become a source of tension in a politically divided Washington that could possibly see parts of the government shutdown without an annual budget in place. ...

“So far, Washington has been spending money as if we had unlimited resources,” said Sung Won Sohn, an economics professor at Loyola Marymount University. “But the bottom line is there is no free lunch,” he said, “and I think the outlook is pretty grim.”

The gross debt includes money that the government owes itself, so most policymakers rely on the total debt held by the public in assessing the government’s finances. This lower figure — $26.9 trillion — is roughly equal in size to the U.S. gross domestic product.

Last June, the Congressional Budget Office estimated in its 30-year outlook that publicly held debt will be equal to a record 181% of American economic activity by 2053.

Oh.

$34,000,000,000,000.  That is what 34 trillion looks like in real numbers.  Twelve zeros.  Or to make it more comprehensible, 34,000 billion.  Or as the late Senator Dirksen (R-Ill.) may — or may not — have understood, “a billion here, a billion there, and pretty soon you’re talking real money.”

Oh, again.  Real, real money, meaning something like this:

Akabas said, “There is growing concern among investors and rating agencies that the trajectory we’re on is unsustainable — when that turns into a more dire situation is anyone’s guess.”

Oh.  Other than that, have a nice day. 

But after the nice days, many more bad days are coming.  Many.  Be prepared.

And by the way, Mrs. Lincoln was not confronted with the mythical question

It’s something people say when someone has made an idiotic remark. Usually something hideously insensitive or inappropriate.

A description of President Joseph Biden (D).

Image via Picryl.


Mayorkas’ DHS Claims 2.3 Million Illegal Migrants, but Hides Millions More

borders
Graeme Jennings, Guillermo Arias/Getty Images

A report by the Department of Homeland Security says the agency has released 2.3 million migrants into the United States up to September 2023.

However, the report hides the entry or stay of at least three million additional illegal migrants via various other routes during President Joe Biden’s three years.

Overall, the multiple routes delivered an increase of at least five million illegal migrants — or roughly one migrant for every two American infants born during Biden’s presidency.

The report was leaked and then posted late Saturday by the Washington Post, whose editors picked a stark headline, “U.S. released more than 2.3 million migrants at border since 2021, data show.”

That headline — although understated — is an extraordinarily dramatic description of the huge migrant numbers admitted by Biden’s pro-migration border chief, Alejandro Mayorkas. 

It is also shocking because the true numbers have been successfully hidden by the established media from ordinary Americans for many years. 

The report says the 2023 inflow includes 370,191 people allowed in via the “parole” loophole, 909,450 people allowed while officials begin multi-year deportation proceedings, and 118,100 child migrants who are sheltered by the Department of Health and Human Services.

The Post‘s article about the DHS report — “Immigration Enforcement and Legal Processes Monthly Tables” — revealed long-secret deportation numbers: “The DHS data … show more than 4 million border-crossers have been expelled to Mexico, returned to home countries or otherwise removed from the United States over the past three years.”

But the Post‘s reporters also showed the headline claim of 2.3 million admitted migrants is understated because millions of additional migrants sneaked in via other routes and times.

For example, in the 17th paragraph of their article, they noted:

The 2.3 million releases by CBP do not include the roughly 365,000 unaccompanied minors encountered by the agency since 2021 who were transferred to the Department of Health and Human Services.

The vast majority of the “unaccompanied minors” are older teenagers seeking jobs in the United States, often in labor-trafficking networks that pay for their migration through Mayorkas’ border.

In the 27th and last paragraph, the Post’s reporters noted:

The report does not include estimates for the number of border-crossers who were detected by CBP but not taken into custody, a category the agency refers to as “gotaways.” CBP detected about 600,000 gotaways in 2022 and 389,000 in 2021, according to a May 2023 report by DHS’s Office of Inspector General.

Those two inflows — teenage workers and 2021-2023 “gotaways” — added roughly 2 million migrants to the official count of 2.3 million, yielding a total of roughly 4.3 million.

The DHS report only includes data up to September 2023. Since then, roughly 900,000 additional migrants have crossed the U.S. border in October, November, and December. If half were deported, then an additional 450,000 migrants should be added to the inflow numbers.

However, the official report — and the Washington Post article — also ignored Mayorkas’ decision to minimize deportations from the country’s interior, and his massive increase in “overstay” legal visitors who stay in the United States when their visas expire.

For example, under Trump, DHS deported roughly 500,000 illegals in 2018 and 2019, according to federal data. But Mayorkas has only deported about 250,000 people in three years — leaving roughly 500,000 additional migrants in the United States.

RELATED: Houston Driver Smuggling Illegal Immigrants Attempts to Run Away from Texas DPS, FAILS

Texas Department of Public Safety

Government officials do not closely track the number of illegals who overstay their visas to take U.S. jobs.  But there is much evidence that many foreigners — especially Indians — arrive legally carrying B-1/B-2 visitor visas or F-1 student visas while intending to illegally work in jobs that would otherwise go to better-paid Americans.

In June 2023, Mayorkas’ DHS released its annual visa overstay report for Fiscal Year 2022, revealing that an estimated 795,000 visitors remained long after their visas expired. The number is up by 313,000 from the 482,000 overstays in 2015.

The overstay number does not include the B-1/B-2 visitors who illegally work but return home before their visa expires.

Mayorkas’ s 500,000 not-deported migrants and his additional 313,000 overstays were not mentioned in the new report. But if those numbers are added, then Mayorkas’s stock of new illegal migrants jumps from 4.3 million to 5 million.

Moreover, Mayorkas and the Department of State have tried to raise the legal inflow of foreign contract workers via the H-1B, L-1, J-1, TN, H4EAD, F-1/OPT, H-2A, and H-2B programs. Those visa worker programs keep a population of roughly 500,000 migrants in agricultural and blue-collar jobs — and keep roughly 1.5 million foreign graduates in U.S. white-collar jobs that would otherwise go to better-paid American professionals.

Legal immigration inflows add another 1 million migrants each year.

The administration’s deliberate decision to sneak mass illegal migration into Americans’ society has smashed public support for migration — and is giving former President Donald Trump a huge boost in his 2024 race.

A YouGov poll conducted from December 31 to January 2, for example, showed that 54 percent of U.S. adults believe the migration issue is “very important.”

The DHS report is difficult to read, partly because the data is hidden in database tabs rather than in conventional charts or columns.

RELATED:  OPERATION LONESTAR FOOTAGE Shows Texas DPS Clearing Brush and Erecting Barbed-Wire to Deter Illegals

Texas Department of Public Safety / YouTube

But the report includes many additional revelations. In 2019, for example, Trump’s border officers accepted 12,000 irregular arrivals of illegals at airports. But Biden’s airport inflow spiked to 350,000 in 2023.

Many Mexicans are trying to migrate into the United States, despite Mexico’s elections and economic growth. The report cites the arrival of 2.1 million Mexican migrants at U.S. borders in 2021, 2022, and 2023.

The vast majority were sent home in 2021 and 2022. But more than 130,000 Mexicans were allowed to enter the United States in 2023 as Mayorkas negotiated migration-management deals with Mexico.

Extraction Migration

Biden has imported or accepted roughly 5 million illegal migrants for economic purposes in less than three years.

That Extraction Migration economic strategy has helped investors by inflating real estate prices and reducing Americans’ wages.

That flood is urged and welcomed by business groups because it cuts Americans’ blue-collar wages and white-collar salaries. It also reduces marketplace pressure to invest in productivity-boosting technologyheartland states, and overseas markets. and it reduces economic pressure on the federal government to deal with the drug and “Deaths of Despair” crises.

Biden’s easy-migration policies are deliberately adding the foreigners’ problems to the lengthening list of Americans’ problems — homelessness, low wages, a shrinking middle class, slowing innovation, declining blue-collar life expectancy, spreading poverty, the rising death toll from drugs, and the spreading alienation among young people.

 

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