President Joe Biden - Kamala Harris Administration

#51,530
#51,530
thefederalist.com

Washington Post Says Hamas Is More Trustworthy Than Joe Biden

Are we really going to pretend that information straight from Hamas should be trusted by the media like The Washington Post?
thefederalist.com thefederalist.com

"But just when I thought I was out, they pull me back in. Here’s a howler from the Washington Post: “Fact Checker: The president said he had ‘no confidence’ in the figures issued by the Hamas-run health ministry, but it has a good track record on reporting death tolls.”

"You read that right: the Post had to choose between who is more trustworthy, Joe Biden or Hamas, and they went with the terrorists. Speaking as someone who’s been pretty blunt about Biden’s legendary problems with veracity, even I’m kind of stunned.

To be clear, my objection here is not rooted in any desire to obscure or downplay the number of deaths resulting from Israel’s military action against Gaza, however justifiable it may be following the Hamas atrocities of October 7. There’s no point in pretending that war involving civilian casualties isn’t anything other than horrifying.

But this case does speak to a certain liberal internationalist view of the world, where NGOs and government agencies exist almost for the sole purpose of laundering political ideology into dubious empirical stats. Here’s essentially how the WaPo fact-checker frames his case:

"Biden’s dismissal of the ministry’s statistics — that he had ‘no confidence’ in them — was striking. The State Department has regularly cited ministry statistics without caveats in its annual human rights reports. The U.N. Office for the Coordination of Humanitarian Affairs (OCHA), which tracks deaths in the conflict, has found the ministry’s numbers to be reliable after conducting its own investigation. ‘Past experience indicated that tolls were reported with high accuracy,’ an OCHA official told The Fact Checker."
 
#51,532
#51,532
ButchPlz said:
Saw that jobs numbers for the last couple months were revised down, and October jobs numbers were well short of expectations. Yay, Bidenomics.
Click to expand...
zerohedge
@zerohedge
·
11h
Biden's Dept of Fake Data doing its thing:

August jobs revised down by 62,000, from +227K to +165K

September was revised down by 39,000, from +336K to +297K

8 of the past 9 months have been revised lower.

1st and 2nd Revisions

1699058146883.png



The much more accurate and less manipulated Household survey shows employment collapsed by 348K, the biggest drop since the Covid shutdown.

It's almost certain the US is already in recession.

1699058262820.png
 
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#51,533
#51,533
www.washingtonexaminer.com

Biden spins cool October jobs report

President Joe Biden insisted his economic policies, packaged as “Bidenomics,” are working despite a cooler-than-expected October jobs report. “The economy has created 14 million jobs since I took office and 150,000 jobs in October,” Biden wrote Friday in a statement. “The unemployment rate has...
www.washingtonexaminer.com www.washingtonexaminer.com
 
#51,534
#51,534
jmacvols1 said:
zerohedge
@zerohedge
·
11h
Biden's Dept of Fake Data doing its thing:

August jobs revised down by 62,000, from +227K to +165K

September was revised down by 39,000, from +336K to +297K

8 of the past 9 months have been revised lower.

1st and 2nd Revisions

View attachment 592502



The much more accurate and less manipulated Household survey shows employment collapsed by 348K, the biggest drop since the Covid shutdown.

It's almost certain the US is already in recession.

View attachment 592503
Click to expand...
But MuH gDp
 
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#51,536
#51,536
rekinhavoc said:
www.washingtonexaminer.com

Biden spins cool October jobs report

President Joe Biden insisted his economic policies, packaged as “Bidenomics,” are working despite a cooler-than-expected October jobs report. “The economy has created 14 million jobs since I took office and 150,000 jobs in October,” Biden wrote Friday in a statement. “The unemployment rate has...
www.washingtonexaminer.com www.washingtonexaminer.com
Click to expand...
d7aa22e576e902ce3f7e3c458535b0f3.jpg
 
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#51,537
#51,537
jmacvols1 said:
zerohedge
@zerohedge
·
11h
Biden's Dept of Fake Data doing its thing:

August jobs revised down by 62,000, from +227K to +165K

September was revised down by 39,000, from +336K to +297K

8 of the past 9 months have been revised lower.

1st and 2nd Revisions

View attachment 592502



The much more accurate and less manipulated Household survey shows employment collapsed by 348K, the biggest drop since the Covid shutdown.

It's almost certain the US is already in recession.

View attachment 592503
Click to expand...

It’s not uncommon to revise statistics when better or more complete information comes in.

But when the majority of the adjustments are in one direction it indicates bias in the underlying process. Which I suspect is by design.
 
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#51,544
#51,544
The Kobeissi Letter
@KobeissiLetter

BREAKING: Total US household debt rises by $230 billion in Q3 2023, to a new record of $17.29 trillion.

Breakdown of the large categories:

1. Mortgage Debt: +$126 billion to $12.14 trillion

2. Auto Loans: +$13 billion to $1.60 trillion

3. Student Loans: +$30 billion to $1.60 trillion

4. Credit Card Debt: +$48 billion to $1.08 trillion

Total household debt in the US is now up ~21% in 3 years and rising rapidly.

We are "fighting" inflation with debt.

How can this end well?

====================================

www.yahoo.com

New Study Shows Inflation Cannot Be Controlled By Rate Hikes — How Can The Fed Fix Rising Food and Housing Prices?

Despite 11 rate hikes and two consecutive pauses, inflation remains sticky at 3.7%, according to the latest consumer price index (CPI). This result remains quite distant from the Federal Reserve's...
www.yahoo.com www.yahoo.com
 
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#51,545
#51,545
jmacvols1 said:
The Kobeissi Letter
@KobeissiLetter

BREAKING: Total US household debt rises by $230 billion in Q3 2023, to a new record of $17.29 trillion.

Breakdown of the large categories:

1. Mortgage Debt: +$126 billion to $12.14 trillion

2. Auto Loans: +$13 billion to $1.60 trillion

3. Student Loans: +$30 billion to $1.60 trillion

4. Credit Card Debt: +$48 billion to $1.08 trillion

Total household debt in the US is now up ~21% in 3 years and rising rapidly.

We are "fighting" inflation with debt.

How can this end well?

====================================

www.yahoo.com

New Study Shows Inflation Cannot Be Controlled By Rate Hikes — How Can The Fed Fix Rising Food and Housing Prices?

Despite 11 rate hikes and two consecutive pauses, inflation remains sticky at 3.7%, according to the latest consumer price index (CPI). This result remains quite distant from the Federal Reserve's...
www.yahoo.com www.yahoo.com
Click to expand...
It won't. This is the 70's and early-mid 80's all over again economically. Many, many will struggle, and it didn't have to be this way. The federal government is entirely to blame here too.
 
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#51,546
#51,546
finance.yahoo.com

US Debt Interest Bill Rockets Past a Cool $1 Trillion a Year

(Bloomberg) -- US Treasuries may face renewed selling pressure into the new year if one measure of the nation’s swelling debt repayment bill is any guide. Most Read from BloombergWeWork Goes Bankrupt, Signs Pact With Creditors to Cut DebtTrump's Wealth Has Jumped $500 Million Since He Left the...
finance.yahoo.com finance.yahoo.com

Joe is crushing it.
 
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#51,548
#51,548
jmacvols1 said:
The Kobeissi Letter
@KobeissiLetter

BREAKING: Total US household debt rises by $230 billion in Q3 2023, to a new record of $17.29 trillion.

Breakdown of the large categories:

1. Mortgage Debt: +$126 billion to $12.14 trillion

2. Auto Loans: +$13 billion to $1.60 trillion

3. Student Loans: +$30 billion to $1.60 trillion

4. Credit Card Debt: +$48 billion to $1.08 trillion

Total household debt in the US is now up ~21% in 3 years and rising rapidly.

We are "fighting" inflation with debt.

How can this end well?

====================================

www.yahoo.com

New Study Shows Inflation Cannot Be Controlled By Rate Hikes — How Can The Fed Fix Rising Food and Housing Prices?

Despite 11 rate hikes and two consecutive pauses, inflation remains sticky at 3.7%, according to the latest consumer price index (CPI). This result remains quite distant from the Federal Reserve's...
www.yahoo.com www.yahoo.com
Click to expand...

I'm going with "the bigger they are, the harder they fall", and the consumer debt is huge. It doesn't look pretty.
 
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#51,549
#51,549
norrislakevol said:
It won't. This is the 70's and early-mid 80's all over again economically. Many, many will struggle, and it didn't have to be this way. The federal government is entirely to blame here too.
Click to expand...

Not entirely, but the feds have significant blame; they set the conditions for a lot of the coming failures - the student loan disaster is directly on them, and a lot of the home loan mess. Business and investment/banking gets a lot of it, too. Too much short term thinking and not enough going to make corporations stronger and more viable in the long term. Banking lobbies for relaxed rules and congress appeases them; they'll probably be too big to fail again, so consumer debt will be transferred to public debt. The big players (industrial strength investors - not anybody we know) in the stock market will probably tip the whole pile over and go away with schiff eating grins. Corporations are buying homes to rent and shoving potential homeowners out of the market - how could the government intervene, and where will business be when it all blows up? There's no common sense and no intent to see how it all works to prevent a hard landing. The feds own a lot but certainly not all of the energy mess.

Some of the problem exists because business makes bad decisions - usually for short term profits when they should immediately see the long term implications. With a "free market" economy, even if government had the foresight and common sense to manage things, it's supposed to be generally a hands off policy, so it's hard to manage things when capitalism goes off the rails. A perfect microcosm is college football - that was all about students playing amateur sport as a part of the college experience. It has devolved into coaches being paid millions, from a fun bowl experience to a national championship, completely uncontrolled pay for players, and the players are really not regular students at all - they are part of an NFL farm program. Nobody knows where it's going and nobody had the common sense to address it early on.
 
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#51,550
#51,550
AM64 said:
Not entirely, but the feds have significant blame; they set the conditions for a lot of the coming failures - the student loan disaster is directly on them, and a lot of the home loan mess. Business and investment/banking gets a lot of it, too. Too much short term thinking and not enough going to make corporations stronger and more viable in the long term. Banking lobbies for relaxed rules and congress appeases them; they'll probably be too big to fail again, so consumer debt will be transferred to public debt. The big players (industrial strength investors - not anybody we know) in the stock market will probably tip the whole pile over and go away with schiff eating grins. Corporations are buying homes to rent and shoving potential homeowners out of the market - how could the government intervene, and where will business be when it all blows up? There's no common sense and no intent to see how it all works to prevent a hard landing. The feds own a lot but certainly not all of the energy mess.

Some of the problem exists because business makes bad decisions - usually for short term profits when they should immediately see the long term implications. With a "free market" economy, even if government had the foresight and common sense to manage things, it's supposed to be generally a hands off policy, so it's hard to manage things when capitalism goes off the rails. A perfect microcosm is college football - that was all about students playing amateur sport as a part of the college experience. It has devolved into coaches being paid millions, from a fun bowl experience to a national championship, completely uncontrolled pay for players, and the players are really not regular students at all - they are part of an NFL farm program. Nobody knows where it's going and nobody had the common sense to address it early on.
Click to expand...
This is going to end up being a massive problem down the road. "You'll own nothing and like it". I foresee monopoly/anti trust laws being used against this issue in the future and it will be a huge fight.
 
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