Jana QuamJul 27, 2023
Jay Kuo
So much good news on the economy hit lately that I had to put it all into one place to celebrate it properly. This is bound to put a smile on your face and hope in your heart. https://statuskuo.substack.com/p/need-one-bit-of-good-economic-news?sd=pf
Need One Bit Of Good Economic News? How about Four?

For well over a year now, we have heard the constant drumbeat of negativity on the economy. Stubborn inflation would require higher interest rates to tame, which would lead to economic contraction, job losses and, inevitably, a recession. Then something like a big strike might come along and further cripple the economy, perhaps as soon as August 1. The thought that this would then sink Joe Biden’s poll numbers even more and set Trump up for a win in 2024 has left many anxious and fearful.

The Status Kuo
Jul 26, 2023 at 3:32pmWeb
Show threadGeoff BernerJul 26, 2023
@jaykuo when do you think these numbers will put out the fires and solve the droughts and stop the floods? When will they stem the rising tide of Covid disability? When will we see these numbers result in less child poverty? Lower maternal mortality rates? These numbers are nonsense.
Show threadNakedWizardJul 26, 2023
@Geoffberner @jaykuo when will wages increase to match the doubling at the grocery store, the untenable cost of housing, the sky rocketing energy prices? When will corporate greed cease?
Show threadSecret SquirrelJul 26, 2023
@Geoffberner @jaykuo What? How could an economics report possibly do any of the things you mention? The fact that the economy is looking better (this post) only increases the likelihood of addressing the issues you bring up (not this post). I'm not, btw, disagreeing that those are important. Not at all. But it's totally not within the scope of the original post.
Show threadBig K5Jul 27, 2023
@Geoffberner @jaykuo it’s now up to us to pressure our politicians to fix said issues
Show threadThe Democratic DifferenceJul 26, 2023

@jaykuo @georgetakei

More on #Bidenomics and the #GreatAmericanComeback:

• 17 straight months of sub-4% unemployment, the longest stretch of sub-4% unemployment in over 50 years

• Labor force participation for prime-working-age Americans at a 22-year high

• 13.2 million jobs created since Biden took office

• Wages rising faster than inflation

• Inflation and unemployment both lower than when Reagan won a landslide reelection in 1984

#Bidenomics #Jobs #Economy #USPol

Show threadJon MarnockJul 26, 2023
@jaykuo & @georgetakei: Hooray! Finally the pain of the screw tightening on the masses is working: rich people’s investments are safe and stable and making good returns for them again!
Show threadWord of Mouth Aug 1, 2023
@jaykuo "Inflation" scoff try "greedflation"
Show threadJ.H.NoyesAug 1, 2023

@jaykuo

These numbers absolutely do not reflect the prices at my local grocery store. Things must just be getting cheaper for the rich folks.