Ridin' with Biden
- Thread starter Cuddles
- Start date
getting you neck blown the fuck out to postpone a vote:
This is having an effect on voters for the future. Whether that is good or bad who knows.
But I believe voters will be less naive from now on. Hopefully. Some will be stupid though, they can not be helped.
Obama had wildly popular approval ratings.
Howd that work out for dems at his first midterm?
womp......womp.....womp
https://www.reuters.com/article/usa...ment-growth-more-will-be-needed-idUKL1N2JO237
Analysis: Biden's first year could see record employment growth. More will be needed
(Reuters) - Joe Biden’s first year in office could go down in history as a record-breaker on the job-creation front, with an explosion in hiring expected as the coronavirus vaccine rollout allows Americans to emerge from a year in hiding.
It may not be enough.
Only slightly more than half of the 22 million jobs lost in the pandemic were regained by the end of last year. Even if 2021 hiring shatters the post-World War Two record of 4.27 million jobs created in 1984, roughly a quarter of those who lost work could still be on the sidelines, with bleak prospects for regaining their vocations in an economy reshaped by the pandemic.
As Biden takes the oath of office on Wednesday, the job market awaiting him presents a monumental challenge.
Just a year ago, a record-long expansion was creating more opportunities and higher pay for women, minorities and other workers on the margins. These same groups - key to his election victory - were disproportionately harmed by pandemic job losses in service-sector jobs that face the longest road to recovery.
“It’s not only about recouping what we’ve lost, it’s recouping what could have been,” said Diane Swonk, chief economist for Grant Thornton. “You need a lot of tail wind to get there.”
Analysis: Biden's first year could see record employment growth. More will be needed
(Reuters) - Joe Biden’s first year in office could go down in history as a record-breaker on the job-creation front, with an explosion in hiring expected as the coronavirus vaccine rollout allows Americans to emerge from a year in hiding.
It may not be enough.
Only slightly more than half of the 22 million jobs lost in the pandemic were regained by the end of last year. Even if 2021 hiring shatters the post-World War Two record of 4.27 million jobs created in 1984, roughly a quarter of those who lost work could still be on the sidelines, with bleak prospects for regaining their vocations in an economy reshaped by the pandemic.
As Biden takes the oath of office on Wednesday, the job market awaiting him presents a monumental challenge.
Just a year ago, a record-long expansion was creating more opportunities and higher pay for women, minorities and other workers on the margins. These same groups - key to his election victory - were disproportionately harmed by pandemic job losses in service-sector jobs that face the longest road to recovery.
“It’s not only about recouping what we’ve lost, it’s recouping what could have been,” said Diane Swonk, chief economist for Grant Thornton. “You need a lot of tail wind to get there.”
Of course it should. When you come off a year with record unemployment, you should have record gains. The numerator always looks good when the denominator is so bad.
This quick snap back in employment... shows that COVID is not a structural event like to 2008 financial crisis that leads to years of high unemployment. When COVID is controlled the economy will snap back quickly -- which is why it is so important to control COVID to re-open. New Zealand and Australia controlled COVID quickly and now they are zooming along economically with everything open (except for temporary lockdowns when COVID leaks out of an incoming quarantine facility).