Bidumbnomics

[Charles West]

Biden's doing a great job on the private economy, consumer confidence tanked from April, down 12% to a truly lousy 67.5. Trump routinely had consumer confidence numbers in the 120s.

 

[Non Sequitur]

More news:

Many districts have warned of layoffs as the current school year comes to a close and next year’s budgets are planned. The local headlines about teachers likely won’t help Americans who remain stubbornly pessimistic about the economy feel any better, adding to the challenge President Joe Biden faces to show voters how things are better than they were four years ago.

https://www.cnn.com/2024/05/11/politics/school-budget-cuts-teacher-layoffs/index.html

 

[OSU Beavers]

'Throwing me out like an old pair of shoes' | Hundreds losing jobs after mass layoffs at Houston ISD

Unions tell KHOU 11 News terminations include teachers, custodians, maintenance workers, mechanics and other personnel.

www.khou.com

 

[OSU Beavers]

 

[OSU Beavers]

 

[Non Sequitur]

'Throwing me out like an old pair of shoes' | Hundreds losing jobs after mass layoffs at Houston ISD

Unions tell KHOU 11 News terminations include teachers, custodians, maintenance workers, mechanics and other personnel.

www.khou.com

It sucks for those who are being let go, but now that some of the massive Covid capital inflows are running out/ending we could possibly move on to what's next. What that looks like is anyone's guess but years of massive gubmint spending is what drove inflation through the roof.

 

[Charles West]

Hasert was a guest on Kudlow this afternoon and he pointed out that Biden has one of the worst cumulative disposable income growth records posted since the end of WWll, 2.9% versus Trump's 12.4%. The reason of course is the soaring inflation driven by excessive demand chasing limited supply at 21.3% to Trump's 8.0%.

 

[OSU Beavers]

 

[OSU Beavers]

 

[Terrel L. Shields]

McDonalds knows their prices are too high and many restaurants are seeing a slowdown in traffic. The $6.99 lunch special Taco Salad at the local Mexican place is now $11.99. The brown bag special at Sonic - $12. I only know one place where breakfast is less than $10 here. Waffle Hut has increased the base 2 eggs and bacon breakfast twice in 18 months here. $10 bucket of chicken at KFC is now $18.