I don’t think the jobs report was good. I don’t think the economy is good. I just read a series of comments on the story linked above and commenters were euphoric. Why do we see one sunny report after another on jobs, unemployment and the economy while Forbes reports that 40% of Americans are living paycheck to paycheck, and 29% are doing even worse, i.e., their income doesn’t cover their expenses? Why has the sentiment on LinkedIn been so dismal? The jobs numbers are illusory. The jobs are all part time. Last month’s jobs were all part time. Full-time employment actually went down. We’ve added 6.2 million jobs since May 2022 and full-time employment has gone up by only 263,000. Number of jobs “created” has gone up much faster than number of people employed, I suspect because a single person working multiple jobs counts as multiple jobs. The unemployment numbers… Read more →
EppsNet Archive: Economy
A Dissent on the Biden Radio City Fundraiser
What we saw last night was the president’s ‘let them eat cake’ moment. Millions of Americans are suffering because of the mismanagement of this economy. I say this frequently. We’re seeing record numbers of foreclosures, people are having their cars repossessed, we are seeing a silent job loss because the reports are now showing that the actual growth in employment is in part-time jobs, not in full-time jobs. It is totally and completely unseemly, in this economic environment, for our president to say that we’re going to try to set the record for the amount raised. No money to help people buy eggs and bacon. No money to make sure that people can afford gasoline. — Horace Cooper Read more →
Thomas Jefferson on Bidenomics
My fellow Americans – President Biden is currently on a “Bidenomics” tour. Terrible name, “Bidenomics,” because nobody likes Biden so they’re not going to like anything with his name in it. Call it “Satanomics: The Economy is Stronger Than Hell,” which is a lie but so is everything else he says about the economy. His economic team recently posted a “Here Are the Facts” video, the first of which is, “Under the Biden Harris Administration Inflation Has Fallen.” That’s true — if by “Fallen” you mean “Risen.” The annual inflation rate when Biden took office was 1.4 percent. In May 2023, it was 4 percent, about three times higher. Inflation is lower today than the 9.1 percent peak that we hit last June, but you don’t get credit for pushing it to unprecedented levels and then watching it come back down, particularly since it only came down as the Federal… Read more →
See You in Hell
[See You in Hell is a feature by our guest blogger, Satan — PE] Greetings mortals — I saw a post on LinkedIn from a woman who just lost her job at Google. There are lots of layoffs happening in the US economy. Joe Biden says the American economy is “stronger than hell” but I can assure you that the economy in Hell is much stronger than the Biden economy in the US. No layoffs here, ever. The LinkedIn poster said, “I feel God’s grace in this transition and know He has greater things ahead.” I can’t help noticing that people who believe that God is going to make good things happen in their life have a lot of bad things happen in their life. Check back in when you lose a limb, honey. See you in Hell . . . Read more →
Don’t Believe Your Eyes, the Economy is Strong!
BREAKING Spokesperson for Hell disputes Biden’s claim that the U.S. economy is “strong as hell” Quote: “Data shows Hell’s economy is currently much stronger than America’s” pic.twitter.com/czwnQAMGCn — News That Matters (@ThatmattersNews) October 17, 2022 According to LinkedIn, here are some of the companies doing layoffs so far in February: Convoy Tackle DocuSign KPMG Wix The RealReal DigitalOcean Bank of America Criteo Sprinklr PICO ServiceTitan Vicarious Surgical Betterment Divvy Homes Neiman Marcus Group Udemy iRobot LinkedIn Terminus Showtime HackerEarth Channel Advisor United Talent Agency Electric Collective Health TripleLift Rigetti Computing Twilio Daily Harvest Dandy Bark Olive AI News Corp Yahoo GitHub GitLab Disney GoDaddy JPMorgan Chase Affirm Medly Gusto Nomad Health Zoom Magic Eden Protocol Labs Bittrex Chainalysis Prime Trust CoinTracker VinFast Gong EBay Secureworks Boeing Dell Technologies Clari Workato Drift Kyruus Desktop Metal Getir Salesforce Highspot Getaround Autodesk Tilting Point Mindstrong Athenahealth Genesys Replica Sendoso Articulate MediaMath Dialpad Wheel… Read more →
All is Well! All is Well!
Microsoft to Lay Off 10,000 Workers as It Looks to Trim Costs — msn.com Google to lay off 12,000 employees, the latest tech giant to cut thousands of jobs — usatoday.com Regal Cinemas is closing 39 more movie theaters. See the list — cnn.com Another day, another round of layoffs and closures, another sunshine up the butthole economic report from the Biden administration: We’re not in a recession! Employment numbers are great! Someone is lying to me and I don’t think it’s Microsoft, Google and Regal Cinemas. Read more →
Unemployment Stays Unbelievably Low
Bed Bath & Beyond to Close Three More Stores in Los Angeles, Orange Counties https://t.co/ELCIzMhY3Q — Paul Epps (@paulepps) January 14, 2023 The company is closing about 150 stores overall, plus layoffs in corporate and supply chain. You can swap new company names (Coinbase, Goldman Sachs, etc.) into these layoffs and closing stores stories every day and still get sunny government economic reports based on nothing I can see except unbelievably low unemployment numbers. And when I say “unbelievably low,” I mean literally not believable (see here and here). Read more →
U.S. Economy “Strong as Hell”?
BREAKING Spokesperson for Hell disputes Biden’s claim that the U.S. economy is “strong as hell” Quote: “Data shows Hell’s economy is currently much stronger than America’s” pic.twitter.com/czwnQAMGCn — News That Matters (@ThatmattersNews) October 17, 2022 Read more →
The Most Dangerous Movement in History!
Yes or no: is MAGA the most dangerous movement in modern American history? — Jon Cooper (@joncoopertweets) October 6, 2022 Yes! We must continue Biden’s historic progress on GDP, inflation, stock market, crime, border security, energy independence, foreign policy, supply chain, etc. etc. Read more →
Thomas Jefferson: MAGA Republicans
My fellow Americans – I have to confess I have not figured out the difference between a “MAGA Republican” and a plain old Republican. A “Make America Great Again” Republican. It doesn’t sound so bad. And with that still unresolved, we are now confronted with “extreme MAGA Republicans,” who apparently want to make America extremely great again. .@RepJeffries on midterms: "Extreme MAGA Republicans apparently do not believe in democracy anymore. […] We'll have an opportunity to make our case to the American people […] and the consequences of what might happen if extreme MAGA Republicans are allowed to seize power." pic.twitter.com/T4LAMCxuyx — The Hill (@thehill) September 29, 2022 Midterm elections are not far away and if I were a Democrat, I wouldn’t be looking forward to them with great optimism. Every Democratic policy has failed. They are under water with the economy, we are in a recession based on the… Read more →
“Get the Vaccine” — Joe Biden
OK grandpa, now go take a nap. That’s the only Biden quote I have. Nothing on the latest jobs report, massive layoffs, high gas and energy prices, high food prices, high crime, empty shelves, open borders or Afghanistan. If you have any good ones, let me know and I’ll post them here. Read more →