Any bridges and or roads being repaired, built new
Post# of 127171
(Total Views: 130)
Posted On: 12/01/2023 12:47:14 PM
Any bridges and or roads being repaired, built new, down there in Trumpistan?
Actually, more of that is going on throughout red state 'Murica because that's where such is NEEDED the most.
If any of Trump's 'infrastructure weeks' had made it to law he would have seen that the lions share, and then some, would've gone where his votes were coming from. Someone smarter than him...the whole room....would have reminded him to be sure to do swing states PA, MI and WI too.
Me? I like infrastructure spending, 4.9% GDP increases, new microprocessor plants, a cap on insulin prices for Medicare patients, again targeting largely chicken fried steak 'Murica. (The only ones who won't vote to expand those price caps to non-Medicare patients are, of course, GOPERS.)
Reality, please check it out some time shadester.
Jobs and Unemployment
The number of people with jobs has increased dramatically since Biden took office, surpassing pre-pandemic levels by more than 4.5 million.
Unemployment — The unemployment rate fell from 6.3% at the time Biden took office to 3.4% in January and again in April, the lowest since June 1969.
Manufacturing Jobs — During the presidential campaign, Biden promised he had a plan to create a million new manufacturing jobs — and whether it’s his doing or not, the number is getting close to that target.
As of September, the U.S. added 815,000 manufacturing jobs during Biden’s time, a 6.7% increase in the space of 32 months, according to BLS. Furthermore, the September total is 226,000 (or 1.8%) above the number of manufacturing jobs in February 2020, before the pandemic forced plant closures and layoffs.
During Trump’s four years, the economy lost 170,000 manufacturing jobs, or 1.4%, largely due to the pandemic.
Economic Growth
Economic growth has been stronger than expected, defying economists who have been predicting a recession for more than a year.
The real gross domestic product, which accounts for inflation, increased 5.8% in 2021 and slowed to 1.9% in 2022, when some economists predicted that the country was headed for a recession.
But the growth has continued in 2023 — albeit at a relatively slow rate.
In a Sept. 28 release, the Bureau of Economic Analysis estimated that the economy increased at an annual rate of 2.1% in the second quarter, and BEA revised its first quarter estimate upward to 2.2% from 2%.
The first official estimate for the third quarter of 2023 won’t be released until Oct. 26. But the Federal Reserve Bank of Atlanta’s “GDP Now” estimated on Oct. 18 that the economy will grow at an annual rate of 5.4% in the third quarter.
In a report released last month, Sal Guatieri, a senior economist at BMO Capital Markets, said the U.S. economy now seems poised for a “soft landing” — which is the sweet spot sought by the Fed when it raised interest rates with the hope that it would slow economic growth without causing a recession.
“We recently shifted to the soft-landing camp, as the broad strength shown in the Q2 GDP release convinced us that the U.S. economy is more durable than expected,” Guatieri writes. “Not only is it not slowing further, it might be picking up.”
Oil Production and Imports
Crude oil production averaged roughly 12.5 million barrels per day during Biden’s most recent 12 months in office (through July), according to Energy Information Administration data released in late September. That was almost 10.7% higher than the average daily amount of crude oil produced in 2020.
The U.S. is currently headed for a record production year, as the EIA, in its October Short-Term Energy Outlook report, projected that crude oil production would average over 12.9 million barrels per day in 2023 — higher than the more than 12.3 million barrels per day in 2019.
Actually, more of that is going on throughout red state 'Murica because that's where such is NEEDED the most.
If any of Trump's 'infrastructure weeks' had made it to law he would have seen that the lions share, and then some, would've gone where his votes were coming from. Someone smarter than him...the whole room....would have reminded him to be sure to do swing states PA, MI and WI too.
Me? I like infrastructure spending, 4.9% GDP increases, new microprocessor plants, a cap on insulin prices for Medicare patients, again targeting largely chicken fried steak 'Murica. (The only ones who won't vote to expand those price caps to non-Medicare patients are, of course, GOPERS.)
Reality, please check it out some time shadester.
Jobs and Unemployment
The number of people with jobs has increased dramatically since Biden took office, surpassing pre-pandemic levels by more than 4.5 million.
Unemployment — The unemployment rate fell from 6.3% at the time Biden took office to 3.4% in January and again in April, the lowest since June 1969.
Manufacturing Jobs — During the presidential campaign, Biden promised he had a plan to create a million new manufacturing jobs — and whether it’s his doing or not, the number is getting close to that target.
As of September, the U.S. added 815,000 manufacturing jobs during Biden’s time, a 6.7% increase in the space of 32 months, according to BLS. Furthermore, the September total is 226,000 (or 1.8%) above the number of manufacturing jobs in February 2020, before the pandemic forced plant closures and layoffs.
During Trump’s four years, the economy lost 170,000 manufacturing jobs, or 1.4%, largely due to the pandemic.
Economic Growth
Economic growth has been stronger than expected, defying economists who have been predicting a recession for more than a year.
The real gross domestic product, which accounts for inflation, increased 5.8% in 2021 and slowed to 1.9% in 2022, when some economists predicted that the country was headed for a recession.
But the growth has continued in 2023 — albeit at a relatively slow rate.
In a Sept. 28 release, the Bureau of Economic Analysis estimated that the economy increased at an annual rate of 2.1% in the second quarter, and BEA revised its first quarter estimate upward to 2.2% from 2%.
The first official estimate for the third quarter of 2023 won’t be released until Oct. 26. But the Federal Reserve Bank of Atlanta’s “GDP Now” estimated on Oct. 18 that the economy will grow at an annual rate of 5.4% in the third quarter.
In a report released last month, Sal Guatieri, a senior economist at BMO Capital Markets, said the U.S. economy now seems poised for a “soft landing” — which is the sweet spot sought by the Fed when it raised interest rates with the hope that it would slow economic growth without causing a recession.
“We recently shifted to the soft-landing camp, as the broad strength shown in the Q2 GDP release convinced us that the U.S. economy is more durable than expected,” Guatieri writes. “Not only is it not slowing further, it might be picking up.”
Oil Production and Imports
Crude oil production averaged roughly 12.5 million barrels per day during Biden’s most recent 12 months in office (through July), according to Energy Information Administration data released in late September. That was almost 10.7% higher than the average daily amount of crude oil produced in 2020.
The U.S. is currently headed for a record production year, as the EIA, in its October Short-Term Energy Outlook report, projected that crude oil production would average over 12.9 million barrels per day in 2023 — higher than the more than 12.3 million barrels per day in 2019.
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