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Do you have a job?

If Republicans were running things, about 10 million more of you wouldn't. Which 10 million? That's hard to say. Maybe you should ask a Republican which jobs they think are worth sacrificing on the altar of economics for the rich.

Until you get an answer, vote for a Democrat in November. We'll keep everyone working.

21 thoughts on “Do you have a job?

  1. economist23

    Are you refering to the Fed interest rate hikes? If so, Biden re-upped Powell, and even the "liberal" alternative Vice Chair Lael Brainard is on board with it, with slightly less hawkish language.

    1. sfbay1949

      That's about 5400 people. I bet lots of them are already making plans to quit. Twitter will be an awful place to work.

  2. Rota_1337

    Could you elaborate a bit on this specific claim/argument. (Is there a previous post that does this??) I think this is an excellent point to circulate and would like to reference the facts that validate it most clearly.

    1. csherbak

      Agreed. The "conventional wisdom" is that we have too high an employment rate (huh?) and THAT is what's causing inflation. The Fed tries to tamp inflation by raising rates which lowers employment and "cools down" the economy. But as noted, perhaps we need to rethink assumptions and consider that full employment is best, and work on reducing inflation some other way - say like windfall profits taxes and being more aggressive about profiteering.

  3. middleoftheroaddem

    I prefer and vote Democratic. However, the 10 million claim is, at best ,speculation and far from compelling.

    I prefer topics that the party division can clearly be supported such as abortion, health care, tax policy.....

    1. NotCynicalEnough

      You might prefer that but the vast majority of voters aren't likely to do a deep dive into policy and, more importantly, *the main stream media does not cover policy ever*. They cover personalities and horse races. "If Republican X wins, there is a pretty good chance you will lose your job" is a sound bite they might print and that's 1/2 the battle. Of course Glenn Kessler will give it 4 Pinocchios but most voters don't care about Glenn Kessler either.

  4. illilillili

    You'ld think Republicans would want higher employment. They make their money by exploiting labor. More labor == more money in their pockets.

  5. painedumonde

    I don't understand the lack of understanding in the comments. We just watched a implosion in the economy across the Pond from tinkering from Supply Side Clergy and they are no where near as looney as the Paladins of Derp are here.

    1. Justin

      I think he’s channeling this view that inflation can be good for the middle class but the rich hate it. So, of course, the rich are happy to see the poor suffer with job losses.

      https://www.cnn.com/2021/12/01/economy/inflation-good-bad-winners-losers/index.html

      “Another group getting hit are people with exposure to government bonds — think households with more than $1 million who typically invest in both equities and debt.”

      Who knows which is worse or whom?

  6. Starglider

    So, assuming Dems manage to maintain their hold on congress...

    As the economy continues to contract and people start losing their jobs, are we still going to somehow blame Republicans? Recessions happen; on a macroeconomic scale the short term pain is healthy in the long run.

    This doesn't pass the smell test, especially since there's no hard evidence to back up the assertion.

    Seems to me that we're better off long-term if Republicans do take congress; then we have a useful scapegoat to point at as things get worse. Things would then be easier in the more important 2024 election.

    1. HokieAnnie

      The economy is NOT continuing to contract. But if the GOP wins they will attempt what Liz Truss tried in the UK among other mayhem like screwing with the debt ceiling. it won't be pretty. If the Democrats hang on except fiscal sanity and attempts at more protections for average consumers.

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