I don't believe a single word coming out of the WH

 

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https://www.rawstory.com/what-is-behind-the-u-s-economy-s-surprising-strength/



But there are certainly better polls. The actual voting polls where Democrats continue to win like in New Your and Pennsylvania where they continue to out perform Republicans by about eight points.

 

The treasonous conservative/America Hating/Republicans don't want to do anything to close the borders because they need the chaos and dysfunction because the last thing they want to do is talk about the economy.



What is behind the U.S. economy's surprising strength?

Agence France-Presse
February 15, 2024 7:31AM ET



Help Wanted (AFP)




The US has seen GDP growth blow past predictions, hiring numbers surge unexpectedly and consumers still spending even as interest rates climbed -- deftly averting a dreaded recession in 2023.

While interest rates have hit the highest level in more than two decades, a situation ordinarily accompanied by higher unemployment and a consumption pullback, it has not been the case this time.

What accounts for the surprise?

- 'Value of talent' -

Low unemployment, wage growth and hiring have underpinned consumers' willingness to spend.

The situation stems from turmoil businesses experienced during Covid-19 when executives struggled to hire, train and retain talent.

This has made them think twice before resorting to job cuts, even when faced with a possible economic slowdown, said EY chief economist Gregory Daco.

Instead, they favored reducing hiring.

"As a result, we've seen more resilience in the labor market," Daco told AFP.

"A unique facet of this business cycle is that the value of talent has shifted," he added.

Meanwhile, even as private sector hiring cooled, "non-cyclical government, healthcare and education propelled much of employment growth," said Nationwide chief economist Kathy Bostjancic.

- Purchasing power -

Americans are snagging jobs and wage increases, while annual real wage growth has been positive since May 2023, said ZipRecruiter chief economist Julia Pollak.

"Declining inflation and rising purchasing power are fueling strong consumer spending," she told AFP.

Although online job posting numbers have fallen steadily from a peak in November 2021, Pollak said the level remains historically high.

But she noted that the labor market is slackening, with applications per job posting rising 30 percent on-year in January based on ZipRecruiter data.

- Government spending -

Another factor is a series of measures including the $2.2 trillion CARES Act in 2020 and $1.9 trillion American Rescue Plan a year later, through which the government approved economic aid for recovery from the Covid-19 pandemic.

The payments were certainly "effective in providing inflationary pressures," said Dan North, senior economist at Allianz Trade North America.

Shortly after, President Joe Biden signed the Bipartisan Infrastructure Law in 2021, allowing $1.2 trillion in transportation and infrastructure spending, and rolled out his landmark climate action plan, the Inflation Reduction Act in 2022.

While the Federal Reserve has fought to slow the economy and quell inflation with rate hikes, North said "fiscal policy has been doing exactly the opposite."

"Government subsidies for electric vehicle, microchip, and infrastructure investments are boosting business investment at a time when high interest rates might otherwise have caused it to plummet," Pollak added.

About 30 percent of GDP growth last year came from the government sector, which represents some 14 percent of the economy, said Daco.

- Locked-in rates -

The economy also fared well despite aggressive rate hikes due to the stretch of much lower rates in prior years.

In 2020, the Fed brought the benchmark lending rate down to virtually zero before starting to raise it again in March 2022.

This "allowed corporations to issue debt at very low interest rates," North said, adding that many companies did just that.

"Now in aggregate, corporations are paying the lowest interest payments on record," he added.

In a similar vein, consumers locked low mortgage rates, softening the blow from Fed rate increases.

- Lagged effects -

Economists say it takes time for the impact of rate hikes to flow through the economy as well.

The last hike was announced in July, and North expects it can take six quarters -- 1.5 years -- for the full effect to bear out in the form of a slowdown.

But the outlook this year remains positive with interest rate cuts on the horizon as inflation has fallen -- a development that generally spurs business activity.

A National Association for Business Economics survey released this month showed that only a quarter of respondents believe a recession will occur in 2024.

https://www.rawstory.com/what-is-behind-the-u-s-economy-s-surprising-strength/

 

Biden's a weak moron and for that:





Iran declares Antarctica its property in direct challenge to Biden, global treaty
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US launches missile-detecting satellites into orbit as concerns about Russia in space grow
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Any US-China deal on AI can only help Beijing and hurt America, experts warn
China agreed to Bletchley Park safety agreement but has yet to align fully with the US on policy.

 

White House hits Johnson for going on recess without passing Ukraine aid
Alex Gangitano
Thu, February 15, 2024 at 9:34 AM MST·2 min read
581




The White House on Thursday bashed Speaker Mike Johnson (R-La.) for starting the House recess without bringing the Senate-passed Ukraine aid package to the floor for a vote.

The Senate early Tuesday approved a bipartisan funding measure providing aid to Ukraine, Israel and other allies with 70 votes.

But Johnson says the Senate bill lacks the tougher border security measures demanded by House Republicans and that he won’t move it in the lower chamber.


White House spokesperson Andrew Bates argued in a memo, first obtained by The Hill, that Johnson is cutting and running early to go on recess “instead of ending the harm he’s doing to our national security.”

“Every day that Speaker Johnson causes our national security to deteriorate, America loses. And every day that he puts off a clean vote, congressional Republicans’ standing with the American people plunges,” Bates said. “Running away for an early vacation only worsens both problems.”

House GOP leadership canceled votes for Friday, and the House will return to Washington on Feb. 28 after the President’s Day recess. Bates noted the split out of D.C. also comes days after former Rep. Tom Suozzi (D) won in a New York special election, flipping a GOP-held seat.

“The American people are outraged at the damage Speaker Johnson is causing to America’s national security in the name of politics, as voters in New York proved Tuesday,” Bates said.

“But instead of ending his politicization of the country’s safety, Speaker Johnson is cutting and running, sending the House on an early, undeserved vacation as he continues to strengthen Russia’s murderous war effort and the Iranian regime at the expense of American national security, U.S. manufacturing jobs, and our closest alliances,” he added.

The White House has hit Johnson all week on the issue of border security. A week ago, a group of senators from both parties unveiled legislation that included efforts to tighten security at the border, as well as provide aid to Ukraine and Israel.

Republicans who had been demanding that aid to Ukraine be coupled with action at the border argued the package was insufficient, and Johnson said it was dead on arrival in the House, a move that aligned with former President Trump’s desire to run on the border as a political issue against President Biden.

Bates argued that the “national security legislation at hand would pass the House with bipartisan support — as it already did in the Senate” and said voters in the New York special election showed the House GOP will be held “accountable for sabotaging American border security and undercutting essential national security alliances.”


https://www.yahoo.com/news/white-house-hits-johnson-going-163435678.html

 

What the White House thinks.

 

So tell us again, american hater, how is it every prior administration has managed to secure the border and biden can't?

The budget is the same.
The laws are the same.

Reagan managed to secure the border.
Bush I managed to secure the border.
Clinton managed to secure the border.
Bush II managed to secure the border.
Obama managed to secure the border.
Trump managed to secure the border.
Biden, complete and total failure.

Why is that, american hater?

Because biden and the despicables want the border open, that's why.
And the simpleton attempts to bend this back on deplorables fails.
In fact, every time you twirl and spew that nonsense we know you're desperate now to deflect the criticism, the pressure, and the demand to CLOSE THE FUCKING BORDER!

 

Democrats Call on Biden to Drop Out of 2024 Race… Could This ‘Shadow Candidate’ Replace Him?

Cameron Smith/Official White House Photo
15 Feb 2024


New York Times columnist Ross Douthat called on President Joe Biden to drop out of the 2024 race after a bombshell report from Special Counsel Robert Hur described the president as “a sympathetic, well-meaning, elderly man with a poor memory” who could not remember significant life events.

While fellow party members in D.C. have yet to come out against the plan for another Biden term, Biden hasn’t convinced the American people quite yet. According to a recent poll from ABC News/Ipsos, 86 percent of Americans think that Biden is too old to serve another term.

The poll, conducted after the special report from Robert Hur was released, is just another blow to Biden’s presidential hopes. Concerns about Biden’s age have appeared to increase since September, when 74 percent of respondents to an ABC News/Washington Post poll believed Biden was too old to be reelected.

So, what is plan B if Biden is forced to drop out of the race?

Well, money manager and Wall Street insider Louis Navellier says that the Democrats could very well appoint this “shadow candidate” to take Biden’s place.

And if you thought this person would be better than Biden, think again.

Based on the track record of this “shadow candidate,” this person would likely bring on a slew of socialistic policies that support the welfare state while taking money out of the pockets of hard-working Americans.

Conservatives will be shocked if this candidate enters the race.

That’s why Navellier put together an urgent presentation for all Americans that reveals new evidence suggesting why Biden could drop out by August 19 – along with the identity of the controversial politician set to replace him. You can view his warning free of charge by visiting this link.

Don’t wait. Your next move here is critical if you want to position yourself in time.

So, if you too are concerned about what could happen to America under a far-left regime, you’re going to want to see what Navellier has to say. This forecast for 2024 could send an earthquake through our country’s economy, financial system, and your wallet.

 

He won't.
And despicables are too focused on stopping trump.