So, This Represent the Biden Administration's Definiton of Economic Success?

If you look up clueless in the dictionary Kamala's picture should be right beside it.

By Rich Kozlovich 

My Friend Robin Itzler publishes a weekly e-mail newsletter called Patriot Neighbors, and allows me to take what she sends and publish the information, and this commentary is a mixture of many of her offerings. 

E-mail her at PatriotNeighbors@yahoo.com to get on her list, it's free.  

For some time she's tracked the "success".... actually the right word would be consequences... of the Biden/Harris administration's economic polices grounded in outrageous spending, borrowing, DEI, ESG, and all the other leftist acronyms used to disguise their true intent. 

She asks: "Can’t anyone in the Harris-Biden administration issue a report that does not have to be revised?"

Once again, the Labor Department revised DOWN a previous report.  July payrolls were revised down to 89,000 from 114,000.  June payrolls were revised down to 118,000 from 179,000

In August, firms announced 75,891 layoffs, which was TRIPLE the announced layoffs in July. In July, there were 25,885 job cuts. Tech companies laid off 27,000 workers in August. According to outplacement firm Challenger, Gray and Christmas:  August 2024 layoffs were the largest month-to-month increase in a year.  August 2024 layoffs hit their highest total for the month in 15 years.  Year-to-date hiring reached a historic low.

Let’s look at some “successes” in the Harris-Biden administration. Remember, this is just a small sampling:

1. Apple (technology) – Laid off 100 employees. While small, it sent shock-waves since the company is known for NOT laying off employees. Per Ayushi Jain at digit.in website: “This move is particularly significant because it signals that even the most financially secure tech companies are feeling the heat from the current economic climate.”
2. Axios – (left-leaning media) – Plans to lay off 50 people.
3. BioMarin (rare disease biotech) – Reported in its latest securities filing that it will cut about 225 employees (7 percent of its global workforce).
4. GoldmanSachs (finance) – Will be laying off 1,800 employees as part of its annual review process.
5. BurgerFi International (restaurant) – Owner of Anthony’s Coal Fired Pizza & Wings has filed for bankruptcy.
6. GoPro (action camera) – Is laying off 15 percent of its staff, to be completed by the end of this year.
7. Intel (technology) – Announced it would lay off 15,000 employees, representing 15 percent of its workforce.
8. Mastercard (finance) – Plans to lay off 3 percent of its global workforce, about 1,000 employees.
9. Merit Street Media (media) – Dr. Phil’s North Texas-based
   
10.  Coors Beer: DEI can drown its sorrows in the beer Canadian-American multinational drink and brewing company Molson Coors, makers of popular Coors beers, announced they are abandoning DEI trainings and getting rid of defined supplier diversity goals. 
    
11.  Axios (media) – The left-left-left media site announced on August 6 that 50 staff members would be laid off. CEO Jim VandeHei belched, “We’re making some difficult changes to adapt fast to a rapidly changing media landscape.” 
12. Broadcasting & Cable (TV trade publication) – shutting down.
13. Big Lots (retail) – In June, Big Lots announced it would be closing 150 stores; however that number has since grown to 315. In California, 75 stores will be closing (30 in southern California). When all the closures are completed, there will only be 34 Big Lots stores in California.
14. Cisco (technology) – In February, the company laid off an estimated 4,000 employees. Last week, Reuters reported that thousands more (possibly another 4,000) might be let go soon.
15. Dell (technology) – In 2023, Dell cut 13,000 jobs. Due to a drop in personal computer sales, Dell just announced there will be another 12,500 in layoffs that started last week. 
16. Geodis (global freight transport and logistics operator) – Recently announced facilities closing in Texas, Georgia and New York; along with job reductions at an Illinois operation, the company will be laying off 384 workers.
17. Intel (technology) – CEO Pat Gelsinger announced in early August that it would be reducing its workforce by 15 percent (15,000 employee positions). Layoffs are starting now and will be completed by the end of the year.
18. Multichannel News (TV trade publication) – Shutting down.
19. Optum (healthcare) – The United HealthGroup company is closing clinics in multiple states and laying off 524 employees across California.
20. Paramount Global (media entertainment) – Will cut its workforce by 15 percent in another round of layoffs focusing on communications, legal and technology.
21. Stellantis (automotive) – Is laying off 2,450 plant workers at its Warren, Michigan plant as it discontinues the popular Ram pickup truck (more economical version). The announcement came one day AFTER radicals Kamala Harris and Tim Walz spoke to United Auto Workers members. (Polls show that while the auto leadership is endorsing the Marxist duo, the rank-and-file membership will be voting for Trump.)
22. Stop & Shop (food retail) – This regional chain (mostly in the northeast) that started in 1892 will close 32 of its 400+ outlets by early November.
23. Texas Children’s Hospital (healthcare) – Reduced its staff by 5 percent, roughly 1,000 employees.
24. Willamette Falls Paper Company (paper) – announced on August 6 that it would be laying 158 out of the company's 223 total employees. The West Linn, Oregon company is one of the city’s largest employers. 
    
25. Big Lots (retail) – The company, which operates 1,300+ stores in 48 states, announced in its SEC filing that it will be closing 40 stores and might declare bankruptcy.
26. Bob’s Stores (retail) – With 21 locations throughout Connecticut, Massachusetts, New Hampshire, New Jersey, New York and Rhode Island, the 70-year-old chain will be closing its doors for good on July 14. The chain sells footwear, workwear, teamwear and everyday clothing” for families. One New York location just opened its doors in December 2023. CVS Health (pharmacy) – Plans to close 300 locations this year.
27. Dollar Tree (retail) – In March, the low-price chain announced during the first half of 2024 it would close about 600 Family Dollar stores across the United States. It also stated that 370 Family Dollar and 30 Dollar Tree locations will close over the next several years.
28. Macy’s (retail) – In February, announced plans to close 150 “under-productive” stores in the United States. Fifty stores will close before the year is over and the rest over the next two years.
29. Mailchimp (marketing automation) – Has laid off 1,800 employees to consolidate tech jobs in Atlanta and other cities. Rite-Aid Pharmacy (pharmacy) – Will close 77 stores this year.
30. Salesforce (cloud software) – Has cut about 300 positions as part of a broader effort to streamline operations. 

That's just the tip of the iceberg, what about the tens of thousands of small business that ended up closing permanently as a result of imposing their insane covid schemes?   

"While Comrade Kamala is bringing us joy, the MarketWatch August 14 headline says it all: Layoff Anxiety Survey: 7 in 10 Workers Are Bracing for Job Cuts."

70% of employees are bracing for layoffs in some way. About 40% are saving up for a possible layoff, and 32% said they regularly browse job listings.  Gen Z workers rate their job security the lowest of any generation, with 57% reporting layoff anxiety, compared to just 16% of baby boomers

If laid off today, 40% of workers said they would run out of money within one month based on their current spending, 24% said they would run out within two weeks.  63% of workers said they would take a pay cut to avoid being laid off, and 37% would accept a demotion to stay employed. Among fully remote workers, 51% would give up working from home to keep their job.

In August, Kamala Harris (with Tim Walz babysitting) recently appeared on the Sherri Shepherd Show saying:   “It is an urgent matter to which we should apply metrics that include holding ourselves to deadlines around time.”  Well, now Kamala and I finally have something in common. Neither of us knows what that means.  What we do know is her economic schemes have history, and history is everything.  History, not rhetoric, tells the story!

On August 16, Kamala Harris endorsed price controls to reduce inflation, not any thoughts of dealing with the true causes; taxes, spending, huge out of control government.  Oh no, it's price controls that are needed.  That will not fix inflation.  So, since history is everything, let’s see who else embraced price controls.

Venezuela became third richest nation in Hemisphere in 1997 and now.... it isn't.  In 2004 Venezuela voted in socialist, Hugo Chavez, with huge crowds giving him support based on his position regarding "income equality".  Where have we heard that before?  By 2007 their healthcare system was totally socialized, and the consequences were nightmarish.  The hospitals were filled with filth and vermin, no medical supplies, and worse. 

Venezuela's hospital hell Blood, flies, agony:  "Plumber Freddy Herrera broke his leg in four places when he crashed his motorbike nine months ago. But his real troubles started when he got to hospital.   The doctors fixed the leg. Then they had to operate 13 times more to cut out infections caught in the stinking hospital where he languishes.  With open rubbish bins, flies in the corridors and rotting corpses stacked in the morgue, this public hospital in the Coche district of Caracas could be the set of a horror film.  But it is all too real: the dirty, miserable human face of Venezuela's economic and political crisis."

By 2017 the lack of food and medical care was nationwide.  Free higher education for all in 2009 did nothing to fix that, banned the private ownership of guns in 2012, opposition leaders were imprisoned in 2016.  The corrupt government suspended their Constitution, and their elections in 2019, and murdered unarmed citizens protesting Maduro's stolen election in July, and just as in Stalin's Soviet Union, Fidel Castro's Cuba, Mao's China, all of whom starved millions of their people to death, in Maduro's Venezuela millions are starving to death.  And in 2014, Vermont’s Socialist Senator Bernie Sanders praised Venezuela’s version of the “American Dream”.  

JPMorgan believes America has a 35% chance of being in a recession in the United States by the end of the year.  And what planet are they from?  We're in a recession, what we need to be concerned about is a total economic collapse, and if Kamala is elected, that will seal the deal.

Here's what Kamala Harris really supports, defund the police,  wants to ban fracking, Medicare for all, compared ICE to the KKK, and believes in gun confiscation.  What could possibly go wrong? 

 If Kamala, Joe and the Democrats created this mess, why in the world would anyone think Kamala can fix it? If Kamala can fix it now, that must mean she knows what's wrong, and if she knows what's wrong, why didn't she prevent it all in the first place?

Posted by Rich Kozlovich at 10:35 AM No comments: