Biden now Surpasses Jimmy Carter as worst President ever in terms of handling Economy

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layoffs are ramping up again including the tech sector which shed 170k jobs in 2023 alone plus retail which shrunk nearly another 100k. But don't worry as those 150k/yr tech workers can now get a 50k/yr job working the call center at the IRS. Banks shed 60k in 2023 and the only growing sector of the economy is the US Government which of course produces absolutely nothing

in tech last week big cuts announced at Twilio, Nice Systems, Salesforce, AWS, Avaamo, VMware

announced this month is Macy's = 5000, Wayfair = 2000, Google = 2000, Citibank = 20,000 (!), and Wells Fargo's 11k+

 

[StevieRay]

 

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but, but Taylor Swift sells her concerts out...

UPS to Cut 12,000 Jobs​

The moves came after the company said its revenue declined in the last quarter of 2023 as volumes in both its domestic and international businesses dropped. It guided revenue in 2024 to be between $92 billion and $94.5 billion, which was below analysts’ forecasts.

Shares in UPS fell more than 8% in morning trading

 

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JAN 31 BREAKING: PayPal has begun company-wide layoffs just two weeks after the CEO said they would "shock the world."

JAN 17 PayPal Holdings Inc (NASDAQ: PYPL) has been a big disappointment for investors in recent years but Alex Chriss – its new chief executive says the payments giant is now set to “shock the world”.

 

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HUGE: Guess how many workers UPS just laid off in the best economy ever

Far-left clown outlets like Axios have been out here reporting that the economy is THE BEST THING EVER AND DON'T YOU THINK OTHERWISE for months

UPS laying of 12,000 workers is huge. When massive delivery and logistics companies start trimming the fat, it's a sign of the wider economy's health. A healthy economy is like a healthy digestive tract: It moves.

 

[StevieRay]

 

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it's wild that people can't understand how layoffs for white collar tech companies has declined massively for 1.5 years yet unemployment remains low. the avg moron, errr, American assumes these workers just go and get a similar position at a competitor but that's NOT what is happening. These people are still out of work and the increase in jobs is almost entirely based on govt jobs for illegals. Remember the Biden Administration is giving billions of dollars a year to China and the UN to facilitate the "migrants" and giving them phones and money to enter the country illegally. What most of you don't know is they're also giving them govt jobs at less than half the pay rate of the white collar tech worker that's still unemployed or super-sizing fries to make ends meet

Report: Biden's claims of job growth are based on illegal immigration

President Joe Biden's job growth record is largely built on the hiring of 2.9 million migrants, leaving a deficit of 183,000 Americans without jobs compared to 2019, according to a report by the Center for Immigration Studies. The report suggests that Biden's policies make it easier and more profitable for CEOs to hire illegal migrants over unemployed Americans.

Key Details:

• All of Biden's extra jobs above the 2019 level are held by migrants, while U.S.-born workers have not regained all their jobs held in 2019.
• There are approximately five million working-age American men who could be hired for the extra jobs in the economy, but are often overlooked due to factors such as location, health issues, criminal records, and apathy.
• Biden's policies have welcomed over 6.2 million illegal migrants across the southern border, providing CEOs with a pool of cheap labor.

 

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Joey B building BRICS better

Egypt has officially permanently ditched the US dollar​

Egypt has decisively severed its reliance on the US dollar, aligning itself with the BRICS bloc’s strategic move towards de-dollarization. The recent expansion of the BRICS alliance, welcoming Egypt among other nations, was a significant moment in global economics. This expansion is a bold statement against the hegemony of the US dollar in international trade. Egypt has taken a proactive move towards reducing the economic burden created by its reliance on the dollar by quickly adapting to trade in local currencies.

 

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hint: there will not be a soft landing

 

[StevieRay]

 

[StevieRay]

 

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The index for shelter rose in February, as did the index for gasoline. Combined, these two indexes contributed over 60% of the monthly increase in the index for all items

so as long as you don't need a place to live, don't need to eat or travel anywhere, there is no inflation

 

[StevieRay]

The index for shelter rose in February, as did the index for gasoline. Combined, these two indexes contributed over 60% of the monthly increase in the index for all items

so as long as you don't need a place to live, don't need to eat or travel anywhere, there is no inflation

Gotta luv the

 

[StevieRay]

 

[StevieRay]