The Economy

The paper covers California’s 2023 law, which enacted a $20 minimum wage for restaurants that had at least 60 locations in the US. This was a significant increase from the fast food minimum wage for California, which had been $16 (though some localities had higher minimum wages). They examine the impact of the law on employment and find:

https://thedailyeconomy.org/article...20-minimum-wage-killed-18000-restaurant-jobs/

You smack the Democrat mule twice, the first to interrupt the identity politics and the second to see if it remembers basic economics.

That “study” is the same one you started a thread about months ago, and the results were debunked at that point.

The study uses employment data from before the new wage went into effect, and the number of fast food restaurants has increased since the new minimum wage went into effect.

It’s weird that you and 86TintaNoitx2024 both dredged up the same old topic recently.
 
The economy is growing at less than half of the pace of last year.

Huzzah! 🎉
 
That “study” is the same one you started a thread about months ago, and the results were debunked at that point.

The study uses employment data from before the new wage went into effect, and the number of fast food restaurants has increased since the new minimum wage went into effect.

It’s weird that you and 86TintaNoitx2024 both dredged up the same old topic recently.
Yes but did you read this comment: "You smack the Democrat mule twice, the first to interrupt the identity politics and the second to see if it remembers basic economics." I was having a little fun. If you had even a flicker of clarity, you’d have seen the article was from yesterday, backed by a study released this month. But instead, your kneejerk reaction is to shriek like a cornered ideologue, clinging to dogma as it crumbles under the weight of facts. You treat evidence like a vampire treats sunlight, not because it burns, but because it exposes. And exposure is death to people like you, whose belief system survives only in the dark, beyond the reach of accountability. :D
 
These people don’t read the Politics Board. 😂

Americans are growing hopeful about the economy as trade talks progress​


https://www.cnn.com/2025/07/29/business/consumer-confidence-july

🙄

BabyBoobs, A TOTAL POS GASLIGHTER / LIAR (MAGAt), just can’t stop GASLIGHTING / LYING.

😑

BabyBoobs own article shows that consumer sentiment is waaaaaay down from last year under President Biden, and inflation is getting ready to roar back due to businesses running out of the stockpiles of lower priced goods they purchased in January & February to avoid Trump’s tariff tax.

But don’t believe me, read these excerpts from BabyBoobs’ own article:

“Consumer confidence has stabilized since May, rebounding from April’s plunge, but remains below last year’s heady levels,” said Stephanie Guichard, senior economist of global indicators, at The Conference Board. “Tariffs remained top of mind and were mostly associated with concerns that they would lead to higher prices.”

But inflation has remained somewhat tame, according to the Consumer Price Index, with only a few categories seeing prices pick up. That’s because some businesses have chosen to absorb higher costs, and many are still stocked up with inventory they front-loaded in the beginning of the year to beat tariff-induced price increases, economists say.

However, it may just be a matter of time until inflation accelerates faster and more broadly as inventories dry up and businesses feel more acutely the sting from tariffs. That could prompt consumer confidence to tumble, just as it did in the summer of 2022 when inflation was raging at a four-decade high.

“Inflation has come into better balance this year — but signs of renewed price pressure are starting to emerge,” Lauren Goodwin, economist and chief market strategist at New York Life Investments, said in a note to clients on Tuesday.

“Goods prices in categories sensitive to trade policy — such as consumer electronics, apparel, and auto parts — have started to edge higher,” she added. “Steep tariffs often create visible economic pain – disrupting supply chains and suppressing demand.”

😳

👉 BabyBoobs 🤣

🇺🇸

We. Told. Them. So.


🌷
 
🙄

BabyBoobs, A TOTAL POS GASLIGHTER / LIAR (MAGAt), just can’t stop GASLIGHTING / LYING.

😑

BabyBoobs own article shows that consumer sentiment is waaaaaay down from last year under President Biden, and inflation is getting ready to roar back due to businesses running out of the stockpiles of lower priced goods they purchased in January & February to avoid Trump’s tariff tax.

But don’t believe me, read these excerpts from BabyBoobs’ own article:

“Consumer confidence has stabilized since May, rebounding from April’s plunge, but remains below last year’s heady levels,” said Stephanie Guichard, senior economist of global indicators, at The Conference Board. “Tariffs remained top of mind and were mostly associated with concerns that they would lead to higher prices.”

But inflation has remained somewhat tame, according to the Consumer Price Index, with only a few categories seeing prices pick up. That’s because some businesses have chosen to absorb higher costs, and many are still stocked up with inventory they front-loaded in the beginning of the year to beat tariff-induced price increases, economists say.

However, it may just be a matter of time until inflation accelerates faster and more broadly as inventories dry up and businesses feel more acutely the sting from tariffs. That could prompt consumer confidence to tumble, just as it did in the summer of 2022 when inflation was raging at a four-decade high.

“Inflation has come into better balance this year — but signs of renewed price pressure are starting to emerge,” Lauren Goodwin, economist and chief market strategist at New York Life Investments, said in a note to clients on Tuesday.

“Goods prices in categories sensitive to trade policy — such as consumer electronics, apparel, and auto parts — have started to edge higher,” she added. “Steep tariffs often create visible economic pain – disrupting supply chains and suppressing demand.”

😳

👉 BabyBoobs 🤣

🇺🇸

We. Told. Them. So.


🌷
Read they can,comprehend they cannot.
 
The economy is growing at less than half of the pace of last year.

Huzzah! 🎉
The economy is growing. Last years pace was made up and had no support from all the other forms of revenue this country creates and generates. On track to be a banner year.
 
The economy is growing. Last years pace was made up and had no support from all the other forms of revenue this country creates and generates. On track to be a banner year.
GDP rose 2.8% in 2024. On pace for 1.4-1.8% this year. Gee I wonder why? You’re clearly fucking stupid. So let me explain so even a fucktard like you can understand. 2.8 is better than either 1.4 or 1.8. But you keep believing in the tiny dick dipshit.
 
Yes but did you read this comment: "You smack the Democrat mule twice, the first to interrupt the identity politics and the second to see if it remembers basic economics." I was having a little fun. If you had even a flicker of clarity, you’d have seen the article was from yesterday, backed by a study released this month. But instead, your kneejerk reaction is to shriek like a cornered ideologue, clinging to dogma as it crumbles under the weight of facts. You treat evidence like a vampire treats sunlight, not because it burns, but because it exposes. And exposure is death to people like you, whose belief system survives only in the dark, beyond the reach of accountability. :D
That's from your AI writer? It sounds tired and trite. :D
 
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More devastating news…

U.S. economy grew at a 3% rate in Q2, a better-than-expected pace even as Trump’s tariffs hit​


https://www.cnbc.com/2025/07/30/gdp-q2-2025-.html

🙄

BabyBoobs (a total POS MAGAt) continues to GASLIGHT.

😑

The GDP numbers have been skewed due to businesses’ reactions to DonOld’s dumb tariff disruptions:

The first quarter GDP was exaggeratedly low due to MASSIVE orders / imports from businesses to “beat the tariff deadline(s)”.

This latest GDP number is exaggeratedly high as the result of a complete 180 in business orders / imports due to the stockpiles of inventory businesses have to burn through after overbuying in response to DonOld’s dumb tariff disruptions.

See:

https://www.npr.org/2025/07/30/nx-s1-5484219/economy-gdp-tariffs-growth

😳

BabyBoobs (a total POS MAGAt) KNOWS that ^ is true, but being honest about it would undermine BabyBoobs’ GASLIGHTING narrative.

👎

Hope that ^ helps.

👍

👉 BabyBoobs 🤣

🇺🇸

We. Told. Them. So.

🌷
 
🙄

BabyBoobs (a total POS MAGAt) continues to GASLIGHT.

😑
The GDP numbers have been skewed due to business reactions to DonOld’s dumb tariff disruptions.

The first quarter GDP was exaggeratedly low due to MASSIVE orders / imports from businesses to “beat the tariff deadline(s)”.

This latest GDP number is exaggeratedly high as the result of a complete 180 in business orders / imports due to the stockpiles of inventory businesses have to burn through after overbuying in response to DonOld’s dumb tariff disruptions.

See:

https://www.npr.org/2025/07/30/nx-s1-5484219/economy-gdp-tariffs-growth

😳

BabyBoobs (a total POS MAGAt) KNOWS that ^ is true, but being honest about it would undermine BabyBoobs’ GASLIGHTING narrative.

👎

Hope that ^ helps.

👍

👉 BabyBoobs 🤣

🇺🇸

We. Told. Them. So.

🌷
Gdp is 3%

That is good.

Are you suggesting it isn't?
 
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