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 →
EppsNet Archive: Recession
Messaging vs. Reality
I live in California. Gavin Newsom’s main flaw is that he’s very stupid. Democrats are not getting destroyed on messaging. I don’t even know what the Republican message is. I know the Democratic message is “MAGA Republicans, extreme MAGA Republicans, fascists.” Now that is a losing message, I grant you, because Democrats who aren’t insane, for whom politics does not play a destructive force in their life, have friends, neighbors, co-workers, family members, etc., who are Republicans and understand that while Republicans have different political views, they aren’t trying to put Democrats in gulags. Democrats are getting destroyed by reality. Republicans are running on GDP, inflation, lying about inflation, recession, lying about recession, gas prices, food prices, stock market, crime, border security, fentanyl deaths, energy independence, foreign policy, supply chain, social corruption, silencing, lies, pronouns and fucking with children. Actually, now that I think about it, maybe the Republicans could… Read more →
Inflation Numbers and Unemployment Numbers
Latest inflation report came out today (BLS is the Bureau of Labor Statistics): Annual inflation via BLS just out: 42.9% airline fares33.1% utility gas30.5% eggs18.2% gasoline17.2% chicken15.7% coffee15.2% milk14.7% bread10.1% furniture9.2% vegetables8.2% all items8.2% fruit8.1% ham7.6% women apparel7.2% used cars6.7% rent3.7% men apparel — Ryan Struyk (@ryanstruyk) October 13, 2022 Core inflation excludes energy and food, so we get to say that inflation is at 8.2%, which is still the highest in 40 years, but most of the items on that list are energy and food, and many are a lot higher than 8.2%, so the 8.2% number doesn’t do justice to the enormity of current inflation. Biden economic adviser Jared Bernstein said this: What the president said was that a recession is far from inevitable and I think what he was referring to there is the strength of our job market. Look, you just don’t have a recession when… 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 →
The Economy is Steady and Stable
The economy is steady and stable. Inflation goes up, GDP goes down, stocks go down — but all in a stable and steady manner. https://t.co/fIGabtAkhs — Paul Epps (@paulepps) September 28, 2022 Read more →