The Economy

42,962 Views | 874 Replies | Last: 1 min ago by movielover
DiabloWags
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tequila4kapp said:

As you note, I said inflation was "steady." See the chart you included. Yes, there are monthly variations, but November '24 to the latest reporting is all within a range of approximately .5%. "Steady"


The Fed's mandate is for 2% inflation.
We are significantly above that directive.

And as I noted, the survey of consumer's inflation expectations for the next 12 months by the Conference Board is now up at 6.2%

These are numbers that the Fed and Jerome Powell find most concerning.
These inflationary expectations have been growing and and their "trend" cannot be dismissed.

graguna
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I have 5000+ small - midsize businesses as clients.
I can say for 100% certainty that the economy is NOT doing well.
Almost all sectors are down.
Business owners are very worried.
This isn't me guessing - we see their actions on a daily basis. what they are buying what they aren't buying etc

There is currently little correlation between the over heated stock market ( all the money that was create has to go somewhere ) and the main street economy.



DiabloWags
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As an aside, blaming Biden and the Fed for slow growth won't work forever.
movielover
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Biden basically added no jobs his last two years, and when he did, they primarily went to government workers and immigrants.
tequila4kapp
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graguna said:

I have 5000+ small - midsize businesses as clients

Variation on the theme … I work in a space that's also tied to employment and other businesses' health. I also see those signs.
DiabloWags
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movielover said:

Biden basically added no jobs his last two years, and when he did, they primarily went to government workers and immigrants.



I see you're still blaming Biden.
It's September of 2025.

Get real.
dajo9
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Let's recap job growth since Obama's 2nd term:

1 - 2021 +7.2M jobs - Biden
2 - 2022 +4.6M jobs - Biden
3 - 2014 +3.0M jobs - Obama
4 - 2015 +2.7M jobs - Obama
5 - 2023 +2.6M jobs - Biden
6 - 2016 +2.3M jobs - Obama
7 - 2013 +2.3M jobs - Obama
8 - 2018 +2.3M jobs - Trump
9 - 2017 +2.1M jobs - Trump
10 - 2019 +2.0M jobs - Trump
11 - 2024 +1.3M jobs - Biden *
12 - 2025 +0.7M jobs - Trump **
13 - 2020 -9.2M jobs - Trump

The results speak for themselves. Note that President Biden saw jobs growth over and above what it was in 2019 by 7.1M jobs. In 2023 Biden's economy created more jobs than any year of Trump's economy. And this was all over and above the the pre-Covid jobs amount which was surpassed in July 2022.

* I haven't seen a monthly breakdown of the -911k jobs revision so I spread it evenly among the months affecting 2024 and 2025
** This is an annualized estimate based on the amount of jobs created through August 2025
graguna
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https://www.tipranks.com/news/93-odds-of-recession-supported-by-hard-data-says-ubs#google_vignette


Is the U.S. economy at risk of a recession? According to UBS, "hard data" from May to July signals a 93% chance of a recession. UBS' proprietary factor model utilizes the hard data it used to set the odds and consists of non-survey-based metrics, such as employment, consumption, and industrial production.







graguna
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movielover said:

Biden basically added no jobs his last two years, and when he did, they primarily went to government workers and immigrants.


is there something wrong with an immigrant having a job?
or would you prefer immigrants collect unemployment?

You seem to have a disdain for immigrants. Are your ancestors Native American?







DiabloWags
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graguna said:

movielover said:

Biden basically added no jobs his last two years, and when he did, they primarily went to government workers and immigrants.


is there something wrong with an immigrant having a job?
or would you prefer immigrants collect unemployment?

You seem to have a disdain for immigrants. Are your ancestors Native American?


He'll never tell you who is ancestors are.
In fact, even though he posts 30x a day here he wouldn't even tell me what car he drives, when I asked last week.

But we do know that he never went to CAL.
So there is that.

movielover
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graguna said:

movielover said:

Biden basically added no jobs his last two years, and when he did, they primarily went to government workers and immigrants.


is there something wrong with an immigrant having a job?
or would you prefer immigrants collect unemployment?

You seem to have a disdain for immigrants. Are your ancestors Native American?




Yes.

Many of those jobs go to illegal immigrants, which takes away jobs from Americans, first-time job seekers, and paroles. Illegal immigrants drive down wages.

Clinton Bidwell III (Finance) was my favorite Cal professor.

Car = nunya.
tequila4kapp
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graguna said:

movielover said:

Biden basically added no jobs his last two years, and when he did, they primarily went to government workers and immigrants.


is there something wrong with an immigrant having a job?
or would you prefer immigrants collect unemployment?

You seem to have a disdain for immigrants. Are your ancestors Native American?

Your question is incomplete. The question is whether or not it is a bother for an illegal immigrant to have a job. No, I would not rather they collect unemployment, I would prefer they not be in the country illegally. People who are here legally are welcome to go to town with employment. More power to them.

dajo9
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tequila4kapp said:

graguna said:

movielover said:

Biden basically added no jobs his last two years, and when he did, they primarily went to government workers and immigrants.


is there something wrong with an immigrant having a job?
or would you prefer immigrants collect unemployment?

You seem to have a disdain for immigrants. Are your ancestors Native American?

Your question is incomplete. The question is whether or not it is a bother for an illegal immigrant to have a job. No, we would not rather they collect unemployment, we would prefer they not be in the country illegally. People who are here legally are welcome to go to town with employment. More power to them.


This is why you just can't interact with these fascists. The focus on the 2nd part of movielover's statement let's stand the lie on the first part of his statement. These fascists should have to correct the record on the lie before anybody cares about their opinion on the subjective question of whether immigrants should have jobs.

In Biden's 2nd to last year he created more jobs than Trump created in any year of his Presidency.
movielover
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1.5 million Fake jobs (data rigged) and many of the other jobs were Lockdown recovery jobs. Biden policies had little affect - beyond fast tracking 10 - 21 million illegal immigrants.
graguna
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tequila4kapp said:

graguna said:

movielover said:

Biden basically added no jobs his last two years, and when he did, they primarily went to government workers and immigrants.


is there something wrong with an immigrant having a job?
or would you prefer immigrants collect unemployment?

You seem to have a disdain for immigrants. Are your ancestors Native American?

Your question is incomplete. The question is whether or not it is a bother for an illegal immigrant to have a job. No, I would not rather they collect unemployment, I would prefer they not be in the country illegally. People who are here legally are welcome to go to town with employment. More power to them.



why would you point out that my question was incomplete and not mention that his statement was incomplete.

Is it my job to correctly interpret Movie Lovers miscommunication?

When I entered CAL I didnt have to take Subject A - you?

DiabloWags
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movielover said:

graguna said:

movielover said:

Biden basically added no jobs his last two years, and when he did, they primarily went to government workers and immigrants.


is there something wrong with an immigrant having a job?
or would you prefer immigrants collect unemployment?

You seem to have a disdain for immigrants. Are your ancestors Native American?




Yes.

Many of those jobs go to illegal immigrants, which takes away jobs from Americans, first-time job seekers, and paroles. Illegal immigrants drive down wages.




Yeah, there are a TON of AMERICANS who have lost jobs to immigrants picking crops, cleaning toilets and doing laundry in hotels, cutting meat in a meatpacking plant, and working in the kitchen of a local restaurant or pizza place.

Your narrative is not reality.
It's completely bogus.

DiabloWags
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In other news, the CPI for August came out today and it ticked higher from 2.7% in July to 2.9% last month.
It rose 0.4% which was the most since the start of the year.

Core CPI came in at 3.1%

Of course, none of the Trumpers here have posted anything about this.
They don't want to talk about INFLATION.

https://www.bloomberg.com/news/articles/2025-09-11/us-core-cpi-rises-as-expected-keeping-fed-on-track-for-rate-cut?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc1NzYyNzAxNiwiZXhwIjoxNzU4MjMxODE2LCJhcnRpY2xlSWQiOiJUMkJQNFpHUDlWQ1cwMCIsImJjb25uZWN0SWQiOiI0QTE0NjgyRTVEQjI0RDgyOEVGOTIxMzA1M0U4NzhDMiJ9.57zATCr1GiIhu9a4kiTsBzZt8g24amtcNSQHBlppWjM

CPI rose at a rate of 2.9% in August as U.S. inflation ticked higher - CBS News



graguna
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DiabloWags said:

movielover said:

graguna said:

movielover said:

Biden basically added no jobs his last two years, and when he did, they primarily went to government workers and immigrants.


is there something wrong with an immigrant having a job?
or would you prefer immigrants collect unemployment?

You seem to have a disdain for immigrants. Are your ancestors Native American?




Yes.

Many of those jobs go to illegal immigrants, which takes away jobs from Americans, first-time job seekers, and paroles. Illegal immigrants drive down wages.




Yeah, there are a TON of AMERICANS who have lost jobs to immigrants picking crops, cleaning toilets and doing laundry in hotels, cutting meat in a meatpacking plant, and working in the kitchen of a local restaurant or pizza place.

Your narrative is not reality.
It's completely bogus.



seriously! If you worried about an immigrant taking your job; grab a sharpy and draw a big L on your forehead.
DiabloWags
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graguna said:

DiabloWags said:

movielover said:


Yes.

Many of those jobs go to illegal immigrants, which takes away jobs from Americans, first-time job seekers, and paroles. Illegal immigrants drive down wages.




Yeah, there are a TON of AMERICANS who have lost jobs to immigrants picking crops, cleaning toilets and doing laundry in hotels, cutting meat in a meatpacking plant, and working in the kitchen of a local restaurant or pizza place.

Your narrative is not reality.
It's completely bogus.



seriously! If you worried about an immigrant taking your job; grab a sharpy and draw a big L on your forehead.


Exactly.

And what these idiots don't even begin to comprehend is that many of these "illegals" (especially in the restaurant business) are paying into (bogus) Social Security accounts in order to be in good "standing" . . . even though they'll never see that money in their lifetime.

The sheer STUPIDITY of these Trumpanzee's is massive.
I can't imagine what they do for a living.
I really cant.




tequila4kapp
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graguna said:

tequila4kapp said:

graguna said:

movielover said:

Biden basically added no jobs his last two years, and when he did, they primarily went to government workers and immigrants.


is there something wrong with an immigrant having a job?
or would you prefer immigrants collect unemployment?

You seem to have a disdain for immigrants. Are your ancestors Native American?

Your question is incomplete. The question is whether or not it is a bother for an illegal immigrant to have a job. No, I would not rather they collect unemployment, I would prefer they not be in the country illegally. People who are here legally are welcome to go to town with employment. More power to them.



why would you point out that my question was incomplete and not mention that his statement was incomplete.

Is it my job to correctly interpret Movie Lovers miscommunication?

When I entered CAL I didnt have to take Subject A - you?


To be completely honest, because I didn't read his post, skipped right past it.
tequila4kapp
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graguna said:


seriously! If you worried about an immigrant taking your job; grab a sharpy and draw a big L on your forehead.
I am going to have to really disagree. My dad lost his union construction job 40 years ago, peers lost their IT jobs maybe 15 years ago, and other more recent examples I cannot speak to publicly. This made up world where only 4 sectors of the economy is impacted is just flat out wrong.
ACC Bear
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graguna said:

DiabloWags said:

Yeah, there are a TON of AMERICANS who have lost jobs to immigrants picking crops, cleaning toilets and doing laundry in hotels, cutting meat in a meatpacking plant, and working in the kitchen of a local restaurant or pizza place.

Your narrative is not reality.
It's completely bogus.

seriously! If you worried about an immigrant taking your job; grab a sharpy and draw a big L on your forehead.

This attitude reeks through the Democratic Party, who think of immigrants (legal or otherwise) as second-class citizens who are put upon this planet to serve at the pleasure of the gragunas and DiabloWags of the world. It's why the Democrats got voted completely out of power because unfortunately for the gragunas and Diablowags of the world, the votes of the folks with the "L on their forehead" count exactly the same as theirs.

In my lifetime, this country has gone from a country where a married couple with a single middle-class income could afford a house, raise a family, and send their kids to college without unusual wealth to a country where a married couple with two middle-class incomes has no hope of being able to afford a house without financial help coming from elsewhere. Those people who you so casually dismiss as losers are the people who serve you at restaurants, who take care of your lawns, who build things, who may have even watched your children at a daycare before they entered elementary school, and who will be wiping the **** off of your wrinkled asses when your brains turn completely to mush (DiabloWags is only mere months away from this) as they change your adult diapers when your kids stick you in a nursing home.

I happily laugh my ass off each day at the pain you morons feel as you feel your country being taken away from you by the people you look down on with such disdain.

DiabloWags
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You're reading comprehension must be stuck at the 6th grade level like 54% of Americans.
Your 1200 word essay was an EPIC FAIL.
But you got "triggered".

I never called the people that cook my food at a local pizzeria, mow my lawn, pick my strawberries, make my hotel bed, and cut my meat losers.

I called the Trumpanzees who manufacture this FALSE NARRATIVE 24/7 about how immigrants have taken away their jobs . . . LOSERS.



movielover
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Exactly. Trades like carpenters, painters, truck drivers, machinists, dry wall, roofers could be a middle class occupation. The arrogance here is thick.

And from my experiences and travels, Chinese, Indian, and Latino immigrants don't appear to hire African Americans. Almost never. The Black or White middle manager will hire almost anybody. The above groups appear to be very clannish. The trades used to be diverse.

As an aside, a friend has invested in a real estate project in Baltimore in a transition area. Business offices on the ground floor, residents above. The work crew arrives every day between ... 9:30 and 10:00 AM.
DiabloWags
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movielover said:

Exactly. Trades like carpenters, painters, truck drivers, machinists, dry wall, roofers could be a middle class occupation. The arrogance here is thick.




Oh, so now you're blaming Eastern European immigrants who are in the trades too.
Thanks for the clarification.
graguna
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ACC Bear said:

graguna said:

DiabloWags said:

Yeah, there are a TON of AMERICANS who have lost jobs to immigrants picking crops, cleaning toilets and doing laundry in hotels, cutting meat in a meatpacking plant, and working in the kitchen of a local restaurant or pizza place.

Your narrative is not reality.
It's completely bogus.

seriously! If you worried about an immigrant taking your job; grab a sharpy and draw a big L on your forehead.

This attitude reeks through the Democratic Party, who think of immigrants (legal or otherwise) as second-class citizens who are put upon this planet to serve at the pleasure of the gragunas and DiabloWags of the world. It's why the Democrats got voted completely out of power because unfortunately for the gragunas and Diablowags of the world, the votes of the folks with the "L on their forehead" count exactly the same as theirs.

In my lifetime, this country has gone from a country where a married couple with a single middle-class income could afford a house, raise a family, and send their kids to college without unusual wealth to a country where a married couple with two middle-class incomes has no hope of being able to afford a house without financial help coming from elsewhere. Those people who you so casually dismiss as losers are the people who serve you at restaurants, who take care of your lawns, who build things, who may have even watched your children at a daycare before they entered elementary school, and who will be wiping the **** off of your wrinkled asses when your brains turn completely to mush (DiabloWags is only mere months away from this) as they change your adult diapers when your kids stick you in a nursing home.

I happily laugh my ass off each day at the pain you morons feel as you feel your country being taken away from you by the people you look down on with such disdain.



Really? I'm an immigrant. My parent were immigrants. Most of my friends are immigrants. We just had an immigrant sleeping in my guest room after her mother died. She stayed until my wife was able to help her find a job, get all her mom's loose ends buttoned up and help her find a living situation.
You dont know me.
What I was referring is the jobs the illegals are filling that no one else wants. Picking lettuce. Cleaning toilets. It's tough being an immigrant; especially with trump in power. I have all respect for them. They have no choice but to do the **** jobs. Who i think is a LOSER is a white american who had every advantage in the world - free education and all the other perks to being an american yet they're competing with illegals for the worst jobs because they were lazy and didnt take advantage of what they were given.
I'm an immigrant who was given $500 at 18, put myself thru CAL working 2 jobs as an out of state student. started a company, employ lots of people, pay lots of taxes. AND I LOVE IMMIGRANTS. I help immigrants. I employ immigrants.
You can't even begin to know who I am.
GO BEARS!

movielover
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You make lots of assumptions about white folks that didn't go to Cal.

What about someone raised in a poor town, or to a single mother? Someone who had a parent w a substance abuse problem? Or matured later in life, or maybe they have a below average IQ. That isn't criminal. Not everybody is above average. How about a veteran that went to Vietnam or Iraq and got hooked on drugs? I know a man who was in the Middle East and was at the Pentagon - he was in the 'mortuary affairs' group, looking not for dead bodies... but for fingers, portions of a finger, body parts. He struggled, I tried to help. But were his behavioral problems life long, or did the military experiences also contribute to his struggles?

No decent carpenter is lazy. They can have a life at $55 an hour, not at $20 an hour and no bennies an illegal immigrant will work for (and sometimes not professional work).

Do you hire many Americans?
DiabloWags
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Applications for US unemployment benefits jumped last week to the highest level in almost four years, indicating employers are firing more workers.

Initial claims rose by 27,000 to 263,000 in the week ended Sept. 6, the highest since October 2021, according to data from the US Department of Labor. That's significantly higher than the median forecast in a Bloomberg survey of economists, which predicted 235,000 applications.

Is this still Joe Biden's fault?
movielover
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It takes a while for a new POTUS to get his people confirmed and establish his policies. Trump's people still aren't in place.
graguna
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movielover said:

You make lots of assumptions about white folks that didn't go to Cal.

What about someone raised in a poor town, or to a single mother? Someone who had a parent w a substance abuse problem? Or matured later in life, or maybe they have a below average IQ. That isn't criminal. Not everybody is above average. How about a veteran that went to Vietnam or Iraq and got hooked on drugs? I know a man who was in the Middle East and was at the Pentagon - he was in the 'mortuary affairs' group, looking not for dead bodies... but for fingers, portions of a finger, body parts. He struggled, I tried to help. But were his behavioral problems life long, or did the military experiences also contribute to his struggles?

No decent carpenter is lazy. They can have a life at $55 an hour, not at $20 an hour and no bennies an illegal immigrant will work for (and sometimes not professional work).

Do you hire many Americans

all my employees are americans - some born here, other immigrated.

You seem to equate immigrant to not american.
One can be both.









DiabloWags
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movielover said:

It takes a while for a new POTUS to get his people confirmed and establish his policies. Trump's people still aren't in place.


That's your new excuse?

Bwahahahahahaha!!!

movielover
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DiabloWags said:

movielover said:

It takes a while for a new POTUS to get his people confirmed and establish his policies. Trump's people still aren't in place.


That's your new excuse?

Bwahahahahahaha!!!




This happens every four years, your reply is adolescent. It took Ronald Reagan and Co. two years to right the ship.
ACC Bear
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graguna said:

ACC Bear said:

graguna said:

DiabloWags said:

Yeah, there are a TON of AMERICANS who have lost jobs to immigrants picking crops, cleaning toilets and doing laundry in hotels, cutting meat in a meatpacking plant, and working in the kitchen of a local restaurant or pizza place.

Your narrative is not reality.
It's completely bogus.

seriously! If you worried about an immigrant taking your job; grab a sharpy and draw a big L on your forehead.

This attitude reeks through the Democratic Party, who think of immigrants (legal or otherwise) as second-class citizens who are put upon this planet to serve at the pleasure of the gragunas and DiabloWags of the world. It's why the Democrats got voted completely out of power because unfortunately for the gragunas and Diablowags of the world, the votes of the folks with the "L on their forehead" count exactly the same as theirs.

In my lifetime, this country has gone from a country where a married couple with a single middle-class income could afford a house, raise a family, and send their kids to college without unusual wealth to a country where a married couple with two middle-class incomes has no hope of being able to afford a house without financial help coming from elsewhere. Those people who you so casually dismiss as losers are the people who serve you at restaurants, who take care of your lawns, who build things, who may have even watched your children at a daycare before they entered elementary school, and who will be wiping the **** off of your wrinkled asses when your brains turn completely to mush (DiabloWags is only mere months away from this) as they change your adult diapers when your kids stick you in a nursing home.

I happily laugh my ass off each day at the pain you morons feel as you feel your country being taken away from you by the people you look down on with such disdain.



Really? I'm an immigrant. My parent were immigrants. Most of my friends are immigrants. We just had an immigrant sleeping in my guest room after her mother died. She stayed until my wife was able to help her find a job, get all her mom's loose ends buttoned up and help her find a living situation.
You dont know me.
What I was referring is the jobs the illegals are filling that no one else wants. Picking lettuce. Cleaning toilets. It's tough being an immigrant; especially with trump in power. I have all respect for them. They have no choice but to do the **** jobs. Who i think is a LOSER is a white american who had every advantage in the world - free education and all the other perks to being an american yet they're competing with illegals for the worst jobs because they were lazy and didnt take advantage of what they were given.
I'm an immigrant who was given $500 at 18, put myself thru CAL working 2 jobs as an out of state student. started a company, employ lots of people, pay lots of taxes. AND I LOVE IMMIGRANTS. I help immigrants. I employ immigrants.
You can't even begin to know who I am.
GO BEARS!

So you're an immigrant who thinks Americans that have to work jobs only available to immigrants are losers, but the immigrants aren't losers for having to work those jobs in the first place. But you assume that the non-immigrants are lazy for having to take those jobs. That's an impressive logic pretzel you've twisted yourself into.

There are lots of jobs out there that are unpleasant. Not all of them are filled by immigrants. There are also lots of people that try to start businesses and it doesn't work out for them and they end up have to take one of those loser jobs that you look down upon. Did all their businesses fail because they were lazy?

And by the way, it was tough for immigrants when Biden was in power too because Democrats love cheap labor every bit as much as Republicans and what drives labor costs down is when the labor force far exceeds the number of jobs available. It was true during Obama's two terms, true during Trump's two terms, and especially true during Biden's disastrous term.

Your sob story doesn't impress me. Your attitude towards those less fortunate than you that you think are losers is what stands out.

Also, while you're trying to impress us with your love of immigrants, I thought you might find it interesting that most immigrants support Trump's hardline stance on immigration, though many do not like the deportations.

https://www.newsweek.com/donald-trump-immigration-immigrant-voters-2084425
DiabloWags
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movielover said:

DiabloWags said:

movielover said:

It takes a while for a new POTUS to get his people confirmed and establish his policies. Trump's people still aren't in place.


That's your new excuse?

Bwahahahahahaha!!!




This happens every four years, your reply is adolescent. It took Ronald Reagan and Co. two years to right the ship.


Oh, so now you're going all the way back 45 years for ANOTHER excuse?
You're funny.

You spend 24/7 in this forum making EXCUSES for Donald Trump.
That's why you have ZERO credibility.

But feel free to keep posting 30x a day as if you're on Trump's payroll.

lol

movielover
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Agreed. While legal immigrants are a contribution to our society, illegal immigrants use vast public resources and drive down wages.

And not all immigrants take unpleasant jobs. H1B hi tech visa holders supplant American workers. Why? Lower wages, and the visa holders are effectively indentured servants. It's defacto age discrimination. (Dr. Norman Matloff) These huge numbers of hi tech visas have chased women out of hi tech - women value job / career stability, which the visas undercut.
 
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