Last night, during his State of the Union address, Biden bragged hard about how wonderful the economy is and how Bidenomics saved us.
Well, we hate to rain on his parade, but:
Everything is fine ... 🔥🔥🔥 pic.twitter.com/pSgXhkJunI
— Wall Street Silver (@WallStreetSilv) March 8, 2024
Oof.
Layoff announcements in February hit their highest level for the month since the global financial crisis, according to outplacement firm Challenger, Gray & Christmas.
The total of 84,638 planned cuts showed an increase of 3% from January and 9% from the same month a year ago, with technology and finance companies at the forefront.
From a historical perspective, this was the worst February since 2009, which saw 186,350 announcements as the worst of the financial crisis was seemingly coming to an end. Financial markets bottomed the following month, paving the way for the longest economic expansion on record, lasting until the COVID pandemic in March 2020.
Ouch.
Just a guess, but the jobs report is going to contradict this and then be quietly revised next month. 🤷🏼♂️
— Edgar (@ufotofu617) March 8, 2024
Just like it's been revised throughout Biden's presidency.
Just as forecast.
— Chris B (@ChrisCrbn) March 8, 2024
We've been sounding the warnings since before this past summer.
Some people have. Who will Biden blame when it gets worse?
Losing your good paying full time living wage job with benefits for three part time jobs that pay below a living wage without benefits. Welcome to your declining American standard of living.
— Joe Gaffney (@Jtg12461) March 8, 2024
Embrace the decline!
🚨Breaking: WARN notices show the trend will accelerate pic.twitter.com/b33pRiMdnm
— Gimme3Steps (@TheSouthGAJohn) March 8, 2024
Oh, goody.
— Todd Martin 6’3” 215lbs (@tmartin26) March 8, 2024
Biden's attitude last night.
To be fair...
— Daniel Hussey (@DanielHusseyJr) March 8, 2024
In a world of #DEI hiring, I think #layoffs are bullish. pic.twitter.com/dcGmhYp2Pz
A silver lining.
I was told the state of the union was strong and getting stronger
— Nate Archer 😀 (@nafearch) March 8, 2024
If you ignore reality, it sure is.
I'm one of them. Some of the folks layed off at my former company had been there 17 years. Food manufacturing industry. No one is safe.
— Rose (@chimerarosetv) March 8, 2024
We're sorry. This sucks.
I had to layoff 5 employees this week!!
— 65Chevelle (@65Chevelle472) March 8, 2024
Getting laid off is the worst, but this is a close second.
Don’t believe the BS coming from this administration. It’s not fine. https://t.co/ubQk0YgLtt
— Ron LeMaster (@goron32) March 8, 2024
Don't worry, most of us don't.
We have eyes and brains and wallets.
I am a victim of it. Laid off from 2 jobs right before Christmas. https://t.co/PYb0ytAiXC
— @eddiesto (@Eddiesto843) March 8, 2024
But Biden said this isn't happening.
More layoffs… highest in 14 years….
— BuyTheCryptoDip (@BuyTheCryptoDip) March 8, 2024
NOTHING TO SEE HERE. https://t.co/xNwwopR0e2
MOVE ALONG.
I hope you guys are preparing for a depression and not a recession. Banks are over leveraged.
— ... (@EMILIOS06452759) March 8, 2024
Around 2008, there was a market crash where banks had issues with money, and they temporarily restricted people's money. So, have cash on hand and stay safe. https://t.co/phaFxkhJWG
Buckle up.
This hits home. I was laid off in November, 6 weeks after the birth of my son, my first child. Surviving on a single income in Joe Biden’s “thriving” economy is challenging to say the least. Anyone who thinks the economy is better now than it was 3 years ago needs a reality check https://t.co/izBmmP7FvV
— The Peeping Tommy (@ThePeepingTommy) March 8, 2024
And this is going to play a huge role in November. Coupled with immigration, both are net negatives for Biden.
Gee, didn’t hear this mentioned in SOTU last night. https://t.co/NVLv51cmVr
— Red Dawn Warning🇺🇸🇺🇸🙏🖖 (@RiverVic1974) March 8, 2024
Can't imagine why.
Desemprego vai começar a incomodar o Fed daqui alguns meses. https://t.co/GcwJmwEqVU
— DocTrader (@DocRoger) March 8, 2024
The post translates to: 'Unemployment will start to bother the feds in a few months.'
Hoo boy.
@POTUS stop it with the political bs. https://t.co/FD79Y2ZWhs
— Jicotea Epiléptica (@PianistaPR) March 8, 2024
Last night was a giant steaming pile of political BS.
But Biden can't run on an actual record of achievement -- there is none. This is an economy that's barely limping along, and teetering on the edge of disaster.
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