September jobs collapse signals crisis for Biden’s tax-and-spend economic agenda

[Counselor706]

The astonishing miss Friday in September’s jobs numbers — only 194,000 jobs created, versus an expected 500,000 — was not only a shock to market expectations, but represents a crisis for President Joe Biden’s tax-and-spend economic policy.

For months, even when the jobs reports have been disappointing, the Biden administration’s economists have claimed that big spending was helping the U.S. economy, and that more big spending was the answer to accelerate the ongoing recovery.

But the economy is no longer responding positively — if it ever did — to Biden’s spending plans. Inflation is causing both consumers and investors to worry about the future. And Democrats’ plans for massive tax increases are adding to the stress.

Part of the reason may be the imposition of vaccine mandates. Though the number of employees being fired for refusing to comply with mandates is small, the mandates could be discouraging more workers from re-entering the workforce.

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[Bud_Spencer]

Seems like Obama's third term is going to have the same economic doldrums that his first two did.

But they'll be political triumphs for the Democrat Party, which will assume control over even more of the country.

 

[YDB95]

If you've looked at the numbers at the state levels, you'll see there's a big difference depending on whether the governor cut unemployment benefits: much worse in the states where they did.

 

[pecksniff]

Source

Haven't you learned by now never to post anything from Breitbart?

 

[ShyBiGuy954]

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