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mikert89 a day ago

Most of the biden job growth was:

1. From money printing

2. From the federal government employing some huge percentage of the usa population.

Any job growth numbers and conclusions about the economy need to take the above into account.

bryanlarsen a day ago | parent | next [-]

huge percentage? https://www.pewresearch.org/short-reads/2025/01/07/what-the-...

mikert89 a day ago | parent [-]

need to take contractors into account

dragon-hn a day ago | parent | prev | next [-]

But none of that really changed. The money printer is still going ant the same pace, and will only be going faster in the coming year.

And the Federal layoffs from the DOGE nonsense haven’t even started to hurt since so many are still getting paid.

Something else is the source of this…

mikert89 a day ago | parent [-]

which money printer?

cheema33 a day ago | parent | prev | next [-]

> Most of the biden job growth was: > 1. From money printing

A US president is allowed to print money? Please cite your sources that Biden printed money.

> 2. From the federal government employing some huge percentage of the usa population.

Federal govt. employee count has stayed relatively stable since the 1960s at 1.5% and 2% of the total US workforce.

Here is the share of US Federal Civilian Workforce Compensation as a Percentage of GDP (2016–2024). If you look closely you might notice that the cost of federal workforce compared to GDP actually went down in the Biden years.

Year Share of GDP (%)

2016 1.49

2017 1.49

2018 1.46

2019 1.36

2020 1.42

2021 1.42

2022 1.37

2023 1.31

2024 1.27

Furthermore, federal govt. employee count remained steady under Obama. And grew during Trump's first term. And then shrunk under Biden.

If you are voting based on your incorrectly held beliefs, you are doing us all, your fellow countrymen, a disservice.

mikert89 a day ago | parent [-]

You are missing all of the government contractors. Shows how little you know

bryanlarsen a day ago | parent | prev | next [-]

Trump is printing money faster than Biden did. How come it's not helping him?

mikert89 a day ago | parent [-]

have you seen interest rates? also, the FED prints money

bryanlarsen a day ago | parent [-]

Deficits print money too.

drooby a day ago | parent | prev [-]

Reminder that Trump signed two (of three) Covid stimulus checks