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Msg ID: 2764614 OH NO, Is Biden wrong again +1/-2     
Author:Old Guy
2/8/2023 5:30:08 PM

Look these up!

Biden took a victory lap during the state of the union for a strong manufacturing sector.  But the National Association of Manufacturers, claims Trump deserves all the credit.

And, according to the Bureau of Labor Statistics, Biden actually created 2.7 million jobs.  Not 12 million jobs.

And, Manufacturing jobs, the economy has really created just 214,000 NOT 800,000 Manufacturing Jobs.

Just to many lies from Biden for even the New York Times to report.



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Msg ID: 2764615 STATE YOUR SOURCES or Stop Posting +3/-0     
Author:bladeslap
2/8/2023 5:59:56 PM

Reply to: 2764614

Post a link to your sources or stop posting =- Seriously ...

Otherwise this is just a rag-chewing fest

 



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Msg ID: 2764617 This is why I ask you to post links... +3/-0     
Author:bladeslap
2/8/2023 6:07:28 PM

Reply to: 2764614

Bureau of Labor Statistics Data (bls.gov)

Here are the jobs created since Biden took office ... 12.7 Million

Please don't gaslight us 



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Msg ID: 2764625 Why! So you can mislead information +2/-2     
Author:Old Guy
2/8/2023 6:42:45 PM

Reply to: 2764617

1 million of those jobs were just people coming back to their existing job.

there as not 12.7 jobs created.



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Msg ID: 2764626 Why! So you can mislead information +2/-2     
Author:Old Guy
2/8/2023 6:42:45 PM

Reply to: 2764617

1 million of those jobs were just people coming back to their existing job.

there as not 12.7 jobs created.



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Msg ID: 2764629 I did make an error +2/-2     
Author:Old Guy
2/8/2023 6:57:46 PM

Reply to: 2764626

IT WAS 9 million people that went back to their existing job.  Not jobs created!



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Msg ID: 2764630 I did make an error +2/-2     
Author:Old Guy
2/8/2023 6:57:46 PM

Reply to: 2764626

IT WAS 9 million people that went back to their existing job.  Not jobs created!



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Msg ID: 2764738 Do you get pleasure out of spreading misinformation? +3/-0     
Author:Grim Reaper
2/10/2023 8:04:50 AM

Reply to: 2764630

Most of us on this forum enjoy factual information and discussing real data. Why do you make things up and sell it as fact on here?



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Msg ID: 2764784 "OH NO, Is Biden wrong again" +3/-0     
Author:TheCrow
2/10/2023 4:23:24 PM

Reply to: 2764614

Biden took a victory lap during the state of the union for a strong manufacturing sector.  But the National Association of Manufacturers, claims Trump deserves all the credit.

That's hilarious! The National Association of Manufacturers called for Trump's removal from office following January 6 the violent mob protesting Trump's 2020 election defeat. Industry in all it's phases values a consistent rule of law.

The more Americans learn of Trump, from the Trump Organizations legal issues in New York to the on-going Mar a Lago security issues, the less favorable Trump appears to Americans:

The National Association of Manufacturers’ growing frustration during the last year culminated with its call to invoke the 25th Amendment.

  •  
 
Jay Timmons, the head of the National Association of Manufacturers, in 2019. “I thought it was really important to speak up,” he said on Friday.
Jay Timmons, the head of the National Association of Manufacturers, in 2019. “I thought it was really important to speak up,” he said on Friday.Credit...Zach Gibson/Getty Images
 
Jay Timmons, the head of the National Association of Manufacturers, in 2019. “I thought it was really important to speak up,” he said on Friday.
Published Jan. 9, 2021Updated Jan. 10, 2021

5 MIN READ

WASHINGTON — The National Association of Manufacturers, a powerhouse business lobbying group, welcomed President Trump to its annual meeting in September 2017. Its president, Jay Timmons, introduced Mr. Trump as “a true champion for our industry, who has fought for manufacturing since Day 1 of his presidency.”

This past week, as insurgents seeking to overturn Mr. Trump’s re-election defeat stormed the U.S. Capitol, Mr. Timmons and his association issued a severe statement calling for the president’s removal from office via the 25th Amendment of the Constitution.

“This is chaos,” the statement read. “It is mob rule. It is dangerous. This is sedition and should be treated as such. The outgoing president incited violence in an attempt to retain power.”

The statement was the culmination of months of mounting frustration in the organization over shortcomings in the Trump administration’s response to the Covid-19 pandemic and, more recently, Mr. Trump’s contesting of the election result. It was also the product of rising anger from Mr. Timmons, who has blamed Mr. Trump and other political leaders for his father’s death from the virus last month.

 

The public rebuke was an extraordinary break between Mr. Trump and a major business lobbying group that worked closely with him to secure tax cuts and regulatory rollbacks during his term and that the president has showered with attention and praise.

Mr. Timmons and his leadership team did not poll association members before calling for Mr. Trump’s removal, though the executive committee agreed to the group’s increasingly emphatic news releases after the November election calling for an orderly transfer of power to President-elect Joseph R. Biden Jr.

“The Capitol of the United States was being stormed at the instigation of the president of the United States and his lawyer,” Mr. Timmons said in an interview Friday. “It was a clear and present threat to our democracy. I thought it was really important to speak up.”

Mr. Timmons declined to say whom among his association’s leadership team he had consulted before issuing the statement. He said that most members supported the statement and that he had received messages of thanks from some Trump administration staff members, whom he did not name.

Still, the statement — which took aim at a president who has spent the past four years championing American manufacturing — stirred opposition from some corners of the association.

 

Steve Staub, president of Staub Manufacturing Solutions, which focuses on metal fabrication in Dayton, Ohio, said in email that he did not support the statement. He declined to say what he objected to or whether he might resign from the executive committee of the association’s board.

Mr. Staub has supported Mr. Trump enthusiastically in the past. He attended the 2018 State of the Union address as a guest of the White House. He and his wife attended a White House holiday party in December 2018, leading him to say, “We’re humbled to be included in an event like this and glad that our president cares about the manufacturing industry and small businesses like ours.”

Other members of the executive committee said they backed the statement. They included Karl Hutter, chief executive of Click Bond, an aerospace manufacturer, and Rice Powell, chief executive of Fresenius Medical Care, a company that provides products and services for people with chronic kidney failure.

In a statement to Fresenius employees, Mr. Powell said: “Disagreement among citizens regarding matters of politics and policy is commonplace — even healthy — to our republic. Violence and insurrection are not.”

 

Mr. Trump made a revival of manufacturing a key plank of his 2016 campaign and a focus of his presidency. He imposed tariffs on foreign steel and aluminum to help American manufacturers like U.S. Steel and Century Aluminum and on $360 billion worth of Chinese goods as punishment for China’s siphoning of factory jobs away from the United States.

The manufacturers’ association does not donate money to presidential candidates, but it quickly found favor with the new administration.

Mr. Timmons urged his members to promote Mr. Trump’s 2017 tax cut proposals on social media, leading to praise from Mr. Trump for his hard work on the issue. The group also pushed the administration to roll back a wide range of regulations and celebrated an executive order Mr. Trump signed in 2019 allowing firms to speed up their construction of gas and oil pipelines. More than 400,000 manufacturing jobs were added during Mr. Trump’s first two years in office, and the organization’s influence and membership grew.

 

Manufacturers split with Mr. Trump on immigration policy and, most notably, trade, opposing tariffs that Mr. Trump began to impose in 2018. But this year the rift widened considerably.

In the spring, Mr. Trump named Mr. Timmons to an industry group advising the administration on reopening the economy safely in the pandemic. But in April, Mr. Timmons vented on Facebook and in an interview about protesters who were pushing for a fast reopening when many manufacturers were struggling to secure personal protective equipment for their workers.

Mr. Trump was encouraging the protests and demanding the lifting of government restrictions on activity, but at the time, Mr. Timmons declined to criticize him publicly. “I’m not going to get into that,” he said. “I’m going to use my platform to say what I believe is right and what I believe is good for my manufacturing workers.”

The association congratulated Mr. Biden after the election was called in his favor. Nearly two weeks later, it released a statement urging federal officials to ascertain Mr. Biden as president-elect and start the formal transition of power. On Jan. 4, the group denounced efforts by Mr. Trump and congressional Republicans to challenge certification of Mr. Biden’s victory. Each of those releases followed extensive conversations among members of the executive board.

The release on Wednesday did not involve the same level of debate. Mr. Timmons said the attacks at the Capitol violated the association’s core values. As rioters stormed the Capitol, the association staff convened a Zoom call, assembled the statement and released it by midafternoon.

“Vice President Pence, who was evacuated from the Capitol, should seriously consider working with the cabinet to invoke the 25th Amendment to preserve democracy,” it read. “This is not the vision of America that manufacturers believe in and work so hard to defend.”

Many members of the executive committee either did not comment or did not say whether they supported the association’s statement when asked. The committee includes representatives from some of the most prominent names in corporate America, such as Pfizer, Johnson & Johnson, Toyota, Dow Inc., Caterpillar, Goodyear Tire and Emerson Electric. Some of the companies released statements of their own about the invasion but would not say publicly whether they supported the trade group’s statement.

 

In a statement on Wednesday, Pfizer’s chief executive, Albert Bourla, called the events “deeply disturbing.”

Jim Fitterling, chief executive of Dow, released a statement during the unrest saying, “Scenes at the U.S. Capitol are an attack on democracy and not who we are as a country.”

Caterpillar’s chief executive, Jim Umpleby, also put out a statement condemning the violence.

Nick Pinchuk, chief executive of Snap-on, a tool maker, said in an email that he agreed with the association’s assertion that “this is not the vision of the America that we believe in and work so hard to defend.” But he said he was “dismayed to be confronted” with the question of whether the 25th Amendment should be used.

“Those with more studied perspectives of Washington are better equipped to guide that decision,” Mr. Pinchuk said.

Mr. Timmons acknowledged some dissent. “We’re a diverse organization. Not everyone’s going to agree with every word I say on behalf of the industry,” he said. But, he said, “we have had overwhelming — stunningly overwhelming — support from the membership on the statement.”

Jim Tankersley reported from Washington, and Peter Eavis and Lauren Hirsch from New York.

Jim Tankersley covers economic and tax policy. Over more than a decade covering politics and economics in Washington, he has written extensively about the stagnation of the American middle class and the decline of economic opportunity. @jimtankersley

Peter Eavis is a New York based reporter covering companies and markets. Before coming to the Times in 2012, he worked at The Wall Street Journal.  @uwsgeezer

Lauren Hirsch joined the New York Times from CNBC in 2020, covering business, policy and mergers and acquisitions.  Ms. Hirsch studied comparative literature at Cornell University and has an M.B.A. from the Tuck School of Business at Dartmouth. @laurenshirsch

 



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Msg ID: 2764786 U.S. reports blowout job growth; unemployment lowest since 1969 +3/-0     
Author:TheCrow
2/10/2023 4:39:35 PM

Reply to: 2764614
Lowest unemployment rate since 1969...
Biden's starting his 3rd year in office continuing the improving job numbers since Trump crashed them in 2020 with a half-arsed initial response to the COVID 19 pandemic.
I'll repeat what I've often posted- the Trump administation was not terrible for the first 3 years. But then, and since, Trump's has revealed himself as:

The Emperor Has No Clothes!

Since January 6, 2021, very little to Trummp's credit has come to light. Indeed, now that has lost presidential immunity, his, ahem- "questionable" actions in his presidency and since have moved into investigations for possible prosecution.

P.S. Trump's presidential immunity is the reason Trump was not prosecuted before 2021; and that's why he is being investigated for many issues now.

 

 
February 3, 20233:39 PM ESTLast Updated 6 days ago

U.S. reports blowout job growth; unemployment lowest since 1969

 
  • Summary
  • Nonfarm payrolls increase 517,000 in January
  • Unemployment rate at 3.4% versus 3.5% in December
  • Average hourly earnings rise 0.3%; up 4.4% year-on-year

WASHINGTON, Feb 3 (Reuters) - U.S. job growth accelerated sharply in January while the unemployment rate hit more than a 53-1/2-year low of 3.4%, pointing to a stubbornly tight labor market, and a potential headache for Federal Reserve officials as they fight inflation.

The Labor Department's closely watched employment report on Friday also showed job creation in the past year was much stronger than previously estimated, suggesting the economy was nowhere near a recession. Though wage inflation cooled further in January, average hourly earnings increased faster in 2022 than previously estimated.

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The strength in hiring, which occurred despite layoffs in the technology sector as well as in sectors like housing and finance that are sensitive to interest rates, poured cold water on market expectations that the U.S. central bank was close to pausing its monetary policy tightening cycle.

Economists said the head-scratching report and other data on Friday showing a sharp rebound in services industry activity last month suggested the Fed could lift its target interest rate above the recently projected 5.1% peak and keep it there for some time.

"The labor market is still running hot, too hot for the Fed's liking," said Daniel Vernazza, chief international economist at UniCredit Bank in London. "Anyone that thought the Fed might stop hiking as soon as its March meeting is likely to be disappointed on this evidence."

The survey of establishments showed nonfarm payrolls surged by 517,000 jobs last month, the most in six months. Economists in a Reuters poll had expected a gain of 185,000. Data for December was revised higher to show 260,000 jobs added instead of the previously reported 223,000. Employment growth last month was well above the monthly average of 401,000 in 2022.

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With January's report, the Labor Department's Bureau of Labor Statistics (BLS) published its annual payrolls "benchmark" revision and updated the formulas it uses to smooth the data for regular seasonal fluctuations in the establishment survey.

The economy added 568,000 more jobs in the 12 months through March 2022 than previously reported. Revisions to payrolls data from April through December also showed more jobs created than previously estimated. The economy added 4.8 million jobs in 2022 instead of the 4.5 million previously reported.

The revisions dispelled claims by researchers at the Philadelphia Fed who published a paper in December suggesting employment growth in the second quarter of 2022 was overstated by about a million jobs.

The BLS revised its industry classification system, which resulted in about 10% of employment reclassified into different industries. Last month's broad increase in employment was led by the leisure and hospitality sector, which added 128,000 jobs, with 99,000 of them in restaurants and bars.

Leisure and hospitality employment remains 495,000 jobs below its pre-pandemic level. Professional and business services employment rose by 82,000, with temporary help jobs, a harbinger for future hiring, rebounding by 25,900 after declining for several months. Government payrolls jumped 74,000, boosted by the return of striking university workers in California.

Reuters Graphics Reuters Graphics
Reuters Graphics Reuters Graphics

Construction payrolls increased by 25,000 jobs, which were mostly among specialty trade contractors. Manufacturing employment rose by 19,000 jobs.

 

Stocks on Wall Street were trading mostly lower. The dollar gained versus a basket of currencies. U.S. Treasury prices fell.



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