U.S. economy added 916,000 jobs in March, crushing expectations

[sun rise]

But what specifically is the threat ?
Mobbed and beaten, then unfriended
shunned and canceled? Terrif people,
maintaining discipline through terror.

You're describing Hong Kong today.

 

[sun rise]

If people had, as they did in New Zealand for example, not acted like idiots: distancing, wearing masks, avoiding crowds especially superspreader events, not throwing temper tantrums about a contactless fever check, then hundreds of thousands would be alive today and the economy would be in much better shape.

People made choices and choices have consequences.

 

[sun rise]

Nor does quality of life.

Quality has no meaning to the dead. Quality is destroyed for those who are permanently disabled by COVID. Quality is destroyed by "long haul" victims of COVID. Quality was destroyed for a time by those in the ER and especially on ventilators due to COVID.

 

[Audie]

Why do you support corporate policies over middle class policies?

Why do you ask such an absurd question.
Why do you ask such an irrelevant question.

 

[Audie]

Oh darn and here I thought people would go off-topic and make it personal. Dodged that bullet!

I stand behind what I say rather than
going snarky - evasive.

 

[Audie]

To expand government's power, of course.
Also, inflation makes money for it, since most will
be pushed into higher tax brackets, & capital gains
taxes will apply to phantom profits (ie, more dollars
needed for the same economic value).

Terrif way to reduce the debt too.

 

[Quetzal]

I stand behind what I say rather than
going snarky - evasive.

Don't worry, I got rid of it just for you.

 

[Kooky]

Weird how bein' unfrenly is enuf to call it "terror"

same folks who go all "tuff luck" or "get a tuff skin" on dose goin' all offense-like if ye feel me

 

[Audie]

Don't worry, I got rid of it just for you.

I didn't request anything, so, rong again.

 

[metis]

U.S. economy added eye-popping 916,000 jobs in March, crushing expectations

So much for the "Biden is going to destroy our economy!" whine.

 

[Twilight Hue]

Quality has no meaning to the dead. Quality is destroyed for those who are permanently disabled by COVID. Quality is destroyed by "long haul" victims of COVID. Quality was destroyed for a time by those in the ER and especially on ventilators due to COVID.

There's a lot of things in life that kill you. It's hard to be superman and save the world.

 

[Twilight Hue]

So much for the "Biden is going to destroy our economy!" whine.

Face it, our prosperous economy went out with the gold standard.

 

[sun rise]

There's a lot of things in life that kill you. It's hard to be superman and save the world.

We can't save everyone. But people can and in places do act to minimize unneeded pain and death. I object to the spoiled entitlement and refusal to have a bit of patience of some who refuse to act not only in their own best interest but in the interest of their loved ones and society in general.

I strongly believe that if people in general did that, the death toll would have been 1/2 of what it is today and perhaps less.

 

[Kooky]

There's a lot of things in life that kill you. It's hard to be superman and save the world.

We could all work to make little changes that benefit the people around us, but I guess apathy also works as a coping strategy, with the added bonus of being the desirable outcome for those already benefitting from the current system, and thus the socially accepted response to all of this.

 

[Revoltingest]

Who will get pushed into higher tax brackets?

In progressive taxation, the more you make, the higher the rate
you pay on the additional dollars. So when the dollar's value falls
(called "inflation"), you need more dollars to maintain the same
level of buying power of your prior income.
And when you sell an asset, some of your "profit" is actually extra
dollars needed just to break even because of dollar devaluation.

 

[Revoltingest]

Terrif way to reduce the debt too.

Aye, that's why China has complained about our monetary policy.

 

[fantome profane]

There's a lot of things in life that kill you. It's hard to be superman and save the world.

dats cold bro

 

[Twilight Hue]

dats cold bro

It's just a fact of life. That's all.

It dosent mean we ought not to do anything whatsoever, but we still have to accept the hard reality as well along with that, and come to accept what can not be changed.

We are not in charge. The universe is.

 

[Kooky]

Face it, our prosperous economy went out with the gold standard.

The primary reason the US dollar ran on the gold standard to begin with was that the strongest economies at the time (UK, German Empire) had adopted the gold standard, which caused a collapse in the value of silver which the US had previously been using as standard currency.

 

[Kooky]

To expand government's power, of course.
Also, inflation makes money for it, since most will
be pushed into higher tax brackets, & capital gains
taxes will apply to phantom profits (ie, more dollars
needed for the same economic value).

It also reduces debt and encourages investment, which was one of the reasons why the Fed has been pushing for higher inflation rates ever since the enormous deflationary dip around 2008.

The US really hasn't had substantial inflation for a while, with inflation rates hovering around 1-1.5% for most of the previous decade (and with several deflationary valleys in between):

United States Inflation Rate | 1914-2021 Data | 2022-2023 Forecast | Calendar