The Dumpsterfire Economy

[RickeyM]

Good thing that report came out after TPAC or else the Lyin' King would be taking (trying) credit for it.

[Oerets]

There is a vast amount of pent up demand waiting to roar back.

[Chicks]

Kate Davidson @KateDavidson

Economists surveyed by WSJ expect the economy to grow 5.95% in 2021, thanks in part to the $1.9 trillion relief bill. That would be the fastest burst of growth since 1983.

https://www.wsj.com/articles/latest-...21-11615372201

4:43 AM · Mar 10, 2021·Twitter for iPhone

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WSJ loves that "soci@lism"!

[donquixote99]

Randists Quash Minimum Wage Increase

The parent company of some of America’s largest fast-food chains is claiming credit for convincing Congress to exclude a $15 minimum wage from the recent COVID relief bill, according to internal company documents reviewed by The Daily Poster. The company, which is owned by a private equity firm named after an Ayn Rand character*, also says it is now working to thwart new union rights legislation.

The company’s boasts come just a few months after a government report found that some of its chains had among the highest percentage of workers relying on food stamps.

Inspire Brands — which owns Jimmy John’s, Arby’s, Sonic, and Buffalo Wild Wings, plus recently acquired Dunkin’ Donuts for $11.3 billion in November — on Thursday sent employees and franchisees a review of its government lobbying activity that highlighted its success in keeping the $15 minimum wage out of Democrats’ American Rescue Plan, the COVID-19 relief bill President Joe Biden signed earlier this month.

[emphasis added]

https://www.jacobinmag.com/2021/03/f...J9o6jDDNEpEQsI

* "Inspire Brands is majority owned by Roark Capital — a $23 billion private equity giant named after the self-centered protagonist of the Ayn Rand novel The Fountainhead, which is considered a foundational conservative text for the defense of billionaires and economic inequality."

[Mark B]

Roark Capital may want to take credit for excluding the $15 minimum wage from the covid relief bill but that isn't the reason it was removed.

"President Biden is disappointed in this outcome, as he proposed having the $15 minimum wage as part of the American Rescue Plan," White House press secretary Jen Psaki said in a statement. "He respects the parliamentarian's decision and the Senate's process."

https://www.cnn.com/2021/02/25/polit...ian/index.html

[Chicks]

GDP Growth Under Trump Was the Worst Since Hoover

https://www.bloomberg.com/opinion/ar...eat-depression