Nice job comparing it to the Obama numbers, I wonder if it’s just as many low-quality jobs as were in the Obama numbers? It was mostly McDonald’s type jobs with shitty part-time hours and low access to healthcare and other benefits.
Further, are we really this busy lying to ourselves? COVID’s first vaccines were available in December of 2020, so it’s really arguable that a lot of the “Biden economy” growth was… just jobs that had already existed but went away for COVID coming back because the economy was fully spinning up again. Considering COVID hit the US in January 2020, 2021 was still a recovery period, as was 2022.
So 1. no information in the link about the quality of these jobs or whether they’re even full-time. and 2. a stark reminder that COVID shut down millions of jobs overnight, and those jobs started trickling back into existing in 2021-2022. Kind of gaming statistics to pretend like that was all just a “Biden Economy” and not a recovery from COVID.
Voting for Kamala, but sick of this kind of outright bullshit from Democrats. Stop jerking yourselves off with statistics and really help people. It’s just like the bullshit about the ACA insuring a lot more people: sure, more people are insured, but out of those people with jobs, do they really have more access to healthcare now? In my experience, it has helped many who were previously jobless without healthcare, but it has done nothing for working families. I’m not a working family, but that doesn’t mean I don’t care about how it affects others.
This statistics are less bullshit than normal - they’re mostly true the two bullshit figures are 1) unemployment and 2) quarterly job growth figures.
When unemployment is celebrated as going down please keep in mind that only people recently employed who are actively seeking work count as unemployed… long term unemployment doesn’t count and people who have given up on job searching don’t count either.
Quarterly job growth figures are also misleading because they initially vastly overcount a lot of gig and part time employment from, for instance, working as an Uber and Lyft driver. It takes time to clean out these dupes so the numbers are always initially extremely strong until they get revised down.
This article is actually focused more on historical data of job growth this counts actual jobs created (not gig arrangements) and has already been revised down. These numbers actually are something to brag about… that said the economy still sucks for a lot of people and inflation has really put a squeeze on people carrying debt - some of these jobs are restorations of jobs lost during covid but getting those jobs back is worth celebrating - it absolutely wasn’t a given. I agree with pretty much everything else you mentioned especially some frustration with Dems repeatedly using bullshit numbers when the actual numbers are less impressive but still good… it erodes our general ability to call out Trump’s bullshit.
Further, are we really busy lying to ourselves? COVID’s first vaccines were available in December of 2020, so it’s really arguable that a lot of the “Biden economy” growth was… just jobs that had already existed but went away for COVID coming back because the economy was fully spinning up again. Considering COVID hit the US in January 2020, 2021 was still a recovery period, as was 2022.
Dems deluded themselves the same way with Obama. You started to see the economic rebound practically the day he stepped into office. Either Obama was a wizard or we were experiencing a natural market rebound before he’d done anything.
Then we got two years of bailouts, nobody responsible for the crash was held criminally liable (ffs even Bush had the decency to prosecute Ken Lay and Jeffrey Skilling), and Wall Street was fully rebounded while the rest of the country was still getting foreclosed on as quickly as judges could robo-sign the liens. No climate change bill. No immigration bill. No public education bill. No DC statehood. No public insurance option. Hell, PPACA didn’t even fully kick in until 2014 because Dems were so persnickity about the budget numbers. But we did extend the Bush Tax Cuts, thank god!
And then Dems were confused when they lost 2010 in a landslide.
Voting for Kamala, but sick of this kind of outright bullshit from Democrats. Stop jerking yourselves off with statistics and really help people.
“Only stupid people don’t vote Democrat” is a lie liberals love to tell themselves whether they’re losing or winning.
Correct, 2009-2011 they had both. I don’t know the full record but ACA was passed thanks to that, however not in the full form that was intended, including the public option you mention. Thanks Lieberman.
2021 they only had the House, and many bills were blocked in the Senate.
After being gouged of its many more-attractive features. The big thing the ACA was supposed to prevent was medical bankruptcy, and yet…
The share of debtors reporting a medical contributor before the ACA’s January 1, 2014 implementation (65.5%) and after implementation (67.5%) was similar (P = .37). Both of these figures are close to the 62.1% estimate from the 2007 survey, and in a difference-in-differences analysis we found no evidence that trends differed between states that did versus did not accept the ACA’s Medicaid expansion (P = .76). The responses regarding individual items in the current survey are also similar to those in 2007, when 57.1% of debtors cited medical bills as contributors to their bankruptcy and 40.3% cited income loss due to illness
Our medical system remains fundamentally broken. The three-legged stole of insurance mandates, regulations, and marketplaces has failed to produce anything comparable to the public systems common to Canada, Europe, and East Asia.
2021 they only had the House
They had 50 votes in the Senate, Schumer as Majority Leader, and Kamala as the tie-breaking vote.
Dems deluded themselves the same way with Obama. You started to see the economic rebound practically the day he stepped into office. Either Obama was a wizard or we were experiencing a natural market rebound before he’d done anything.
That’s not so strange , businesses are nervous before the election and will hold off investing. As soon as a reasonably sane politician is elected they will start investing again.
businesses are nervous before the election and will hold off investing
Businesses were nervous because their peers had balance sheets full of lies and bullshit.
But once the government (under Bush & Pelosi & Bernanke) stepped in with the infinite money machine to bail out the major banks, flow of commerce was restored.
This has nothing to do with the election. It had to do with fiscal policy that both parties championed.
As soon as a reasonably sane politician is elected
Markets don’t reward sanity. If they did, Elon would be the poorest man in the country, rather than the richest.
Nice job comparing it to the Obama numbers, I wonder if it’s just as many low-quality jobs as were in the Obama numbers? It was mostly McDonald’s type jobs with shitty part-time hours and low access to healthcare and other benefits.
Further, are we really this busy lying to ourselves? COVID’s first vaccines were available in December of 2020, so it’s really arguable that a lot of the “Biden economy” growth was… just jobs that had already existed but went away for COVID coming back because the economy was fully spinning up again. Considering COVID hit the US in January 2020, 2021 was still a recovery period, as was 2022.
So 1. no information in the link about the quality of these jobs or whether they’re even full-time. and 2. a stark reminder that COVID shut down millions of jobs overnight, and those jobs started trickling back into existing in 2021-2022. Kind of gaming statistics to pretend like that was all just a “Biden Economy” and not a recovery from COVID.
Voting for Kamala, but sick of this kind of outright bullshit from Democrats. Stop jerking yourselves off with statistics and really help people. It’s just like the bullshit about the ACA insuring a lot more people: sure, more people are insured, but out of those people with jobs, do they really have more access to healthcare now? In my experience, it has helped many who were previously jobless without healthcare, but it has done nothing for working families. I’m not a working family, but that doesn’t mean I don’t care about how it affects others.
This statistics are less bullshit than normal - they’re mostly true the two bullshit figures are 1) unemployment and 2) quarterly job growth figures.
When unemployment is celebrated as going down please keep in mind that only people recently employed who are actively seeking work count as unemployed… long term unemployment doesn’t count and people who have given up on job searching don’t count either.
Quarterly job growth figures are also misleading because they initially vastly overcount a lot of gig and part time employment from, for instance, working as an Uber and Lyft driver. It takes time to clean out these dupes so the numbers are always initially extremely strong until they get revised down.
This article is actually focused more on historical data of job growth this counts actual jobs created (not gig arrangements) and has already been revised down. These numbers actually are something to brag about… that said the economy still sucks for a lot of people and inflation has really put a squeeze on people carrying debt - some of these jobs are restorations of jobs lost during covid but getting those jobs back is worth celebrating - it absolutely wasn’t a given. I agree with pretty much everything else you mentioned especially some frustration with Dems repeatedly using bullshit numbers when the actual numbers are less impressive but still good… it erodes our general ability to call out Trump’s bullshit.
Dems deluded themselves the same way with Obama. You started to see the economic rebound practically the day he stepped into office. Either Obama was a wizard or we were experiencing a natural market rebound before he’d done anything.
Then we got two years of bailouts, nobody responsible for the crash was held criminally liable (ffs even Bush had the decency to prosecute Ken Lay and Jeffrey Skilling), and Wall Street was fully rebounded while the rest of the country was still getting foreclosed on as quickly as judges could robo-sign the liens. No climate change bill. No immigration bill. No public education bill. No DC statehood. No public insurance option. Hell, PPACA didn’t even fully kick in until 2014 because Dems were so persnickity about the budget numbers. But we did extend the Bush Tax Cuts, thank god!
And then Dems were confused when they lost 2010 in a landslide.
“Only stupid people don’t vote Democrat” is a lie liberals love to tell themselves whether they’re losing or winning.
Who held the majority in Congress during all those failures?
In 2009 and 2021 it was Democrats.
Correct, 2009-2011 they had both. I don’t know the full record but ACA was passed thanks to that, however not in the full form that was intended, including the public option you mention. Thanks Lieberman.
2021 they only had the House, and many bills were blocked in the Senate.
After being gouged of its many more-attractive features. The big thing the ACA was supposed to prevent was medical bankruptcy, and yet…
Our medical system remains fundamentally broken. The three-legged stole of insurance mandates, regulations, and marketplaces has failed to produce anything comparable to the public systems common to Canada, Europe, and East Asia.
They had 50 votes in the Senate, Schumer as Majority Leader, and Kamala as the tie-breaking vote.
Tbf, at least a couple of those seats are DINOs.
That’s not so strange , businesses are nervous before the election and will hold off investing. As soon as a reasonably sane politician is elected they will start investing again.
Businesses were nervous because their peers had balance sheets full of lies and bullshit.
But once the government (under Bush & Pelosi & Bernanke) stepped in with the infinite money machine to bail out the major banks, flow of commerce was restored.
This has nothing to do with the election. It had to do with fiscal policy that both parties championed.
Markets don’t reward sanity. If they did, Elon would be the poorest man in the country, rather than the richest.