{"id":537230,"date":"2023-01-06T22:50:23","date_gmt":"2023-01-06T19:50:23","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/lucky-we-dont-need-congress-right-now-video\/"},"modified":"2023-01-06T22:50:23","modified_gmt":"2023-01-06T19:50:23","slug":"lucky-we-dont-need-congress-right-now-video","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/lucky-we-dont-need-congress-right-now-video\/","title":{"rendered":"#Lucky we don\u2019t need Congress right now [Video]"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a35a98dbdc2b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a35a98dbdc2b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/lucky-we-dont-need-congress-right-now-video\/#Lucky_we_dont_need_Congress_right_now_Video\" >Lucky we don\u2019t need Congress right now [Video]<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Lucky_we_dont_need_Congress_right_now_Video\"><\/span>Lucky we don\u2019t need Congress right now [Video]<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>Congress can finally get down to business, now that House Republicans elected Kevin McCarthy Speaker of the House after six days of chaotic voting. But McCarthy may have given up so much power to secure a handful of votes from far-right Republicans that the House remains dysfunctional for the next two years.<\/p>\n<p>For the time being, that doesn\u2019t matter for the economy. A solid jobs report for December shows no sign of the recession some economists are predicting for 2023. Employers added 223,000 new jobs in December, for a bulging total of 4.2 million new jobs in 2022. The pace of job growth slowed substantially from the beginning of the year to the end, but that\u2019s a good thing. It shows the moderation in a hot economy that the Federal Reserve is looking for as a sign that inflation is on the way down.<\/p>\n<p>Some analysts characterize the December job numbers as a Goldilocks report because it suggests a cooling trend that might eventually satisfy the Fed, with enough underlying strength to keep the economy out of a recession. Wage growth, for instance, dipped from a 4.8% annualized rate in November to 4.6% in December. The pace of wage growth has been slowing since April. It\u2019s not intuitively obvious that slowing wage growth is a good thing, but when inflation is high, it is, sort of. The Fed worries about a \u201cwage price spiral\u201d in which soaring wages cause runaway inflation, which in turn pushes wages even higher and turns inflation into a Marvel supervillain. Slowing wage growth suggests that won\u2019t h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>en.<\/p>\n<p>At the same time, a surprising decline in service-sector activity and a similar drop in manufacturing activity augur more of a slowdown in coming months. These may or may not be signs of a recession, but in the upside-down world of inflation fighting, a slowing economy is cause for celebration, because it would also mean improving inflation. Investors see cause for optimism, which is why stocks rose following <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> of the December job gains, the slowdown in wage growth and a flatlining service sector.<\/p>\n<p><strong><em>[<\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rickjnewman\" data-ylk=\"slk:Follow Rick Newman on Twitter\" class=\"link rapid-noclick-resp\"><strong><em>Follow Rick Newman on Twitter<\/em><\/strong><\/a><strong><em>, <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/authory.com\/RickNewman\" data-ylk=\"slk:sign up for his newsletter\" class=\"link rapid-noclick-resp\"><strong><em>sign up for his newsletter<\/em><\/strong><\/a><strong><em> or <\/em><\/strong><strong><em>sound off<\/em><\/strong><strong><em>.]<\/em><\/strong><\/p>\n<p>The Biden White House thinks it is starting the new year with excellent footing. \u201cToday\u2019s report is great news for our economy and more evidence that my economic plan is working,\u201d Biden said in a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2023\/01\/06\/statement-by-president-joe-biden-on-the-december-jobs-report\/\" data-ylk=\"slk:January 6 statement\" class=\"link rapid-noclick-resp\">January 6 statement<\/a> on the jobs report. \u201cThe first two years of my presidency were the two strongest years of job growth on record.\u201d<\/p>\n<p>That\u2019s true, but it\u2019s not because of Biden\u2019s economic plan. Biden benefited from lucky timing when he came into office two years ago. The post-COVID recovery was just getting started, and massive amounts of fiscal and monetary stimulus has already locked in a rapid rebound in output and employment. Biden did champion and sign the American Rescue Plan in 2021, but that may have overstimulated the economy and helped trigger the inflation that haunted Biden in 2022. No matter. Things are going Biden\u2019s way for the time being, and like all presidents he\u2019ll claim credit whether he deserves it or not.<\/p>\n<p>Biden and his fellow Democrats also got a remarkable boost from the Speaker follies that led to McCarthy&#8217;s election as House leader. Republicans earned more seats than Democrats in the November midterms, reclaiming the majority they lost in 2018. But it took six days and 15 votes\u2014the most since the Civil War\u2014for McCarthy to win a majority of the votes for speaker. A handful of far-right Republicans held out for concessions that will give them a kind of superminority control. They may be able to block votes on important matters such as extending the federal borrowing limit, which Congress will have to do at some point in 2023. They may also be able to oust the speaker at any time and throw the whole chamber back into chaos.<\/p>\n<p>Biden, the old pol, knows he benefits from GOP infighting. \u201cThat\u2019s not my problem,\u201d Biden said dryly on January 4, when reporters asked him about the speaker&#8217;s election at a press conference. \u201cI just think it\u2019s a little embarrassing. The rest of the world is looking.\u201d As Biden knows, so are 2024 voters. If anarchic Republicans continue to knock inflation and other economic worries out of the headlines, Biden will have a good year for sure.<\/p>\n<p><strong>Rick Newman is a senior columnist for <\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.yahoo.com\/author\/rick-newman\/?.tsrc=fin-srch\" data-ylk=\"slk:Yahoo Finance\" class=\"link rapid-noclick-resp\"><strong>Yahoo Finance<\/strong><\/a><strong>. Follow him on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> at <\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rickjnewman\" data-ylk=\"slk:@rickjnewman\" class=\"link rapid-noclick-resp\"><strong>@rickjnewman<\/strong><\/a><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/live\/politics\/\" data-ylk=\"slk:Click here for politics news related to business and money\" class=\"link rapid-noclick-resp\"><strong>Click here for politics news related to business and money<\/strong><\/a><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/news\/\" data-ylk=\"slk:Read the latest financial and business news from Yahoo Finance\" class=\"link rapid-noclick-resp\"><strong>Read the latest financial and business news from Yahoo Finance<\/strong><\/a><\/p>\n<p><em>Download the Yahoo Finance app for <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/itunes.apple.com\/ca\/app\/yahoo-finance\/id328412701?mt=8\" data-ylk=\"slk:Apple\" class=\"link rapid-noclick-resp\"><em>Apple<\/em><\/a><em> or <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.yahoo.mobile.client.android.finance&amp;hl=en\" data-ylk=\"slk:Android\" class=\"link rapid-noclick-resp\"><em>Android<\/em><\/a><\/p>\n<p><em>Follow Yahoo Finance on <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/YahooFinance\" data-ylk=\"slk:Twitter\" class=\"link rapid-noclick-resp\"><em>Twitter<\/em><\/a><em>, <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/yahoofinance\/\" data-ylk=\"slk:Facebook\" class=\"link rapid-noclick-resp\"><em>Facebook<\/em><\/a><em>, <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.instagram.com\/yahoofinance\/?hl=en\" data-ylk=\"slk:Instagram\" class=\"link rapid-noclick-resp\"><em>Instagram<\/em><\/a><em>, <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/flipboard.com\/topic\/yahoofinance\" data-ylk=\"slk:Flipboard\" class=\"link rapid-noclick-resp\"><em>Flipboard<\/em><\/a><em>, <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/yahoo-finance\" data-ylk=\"slk:LinkedIn\" class=\"link rapid-noclick-resp\"><em>LinkedIn<\/em><\/a><em>, and<\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/youtube.com\/c\/yahoofinance?sub_confirmation=1\" data-ylk=\"slk:YouTube\" class=\"link rapid-noclick-resp\"><em> YouTube<\/em><\/a><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script async defer src=\"https:\/\/platform.instagram.com\/en_US\/embeds.js\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.aol.com\/finance\/week-bidenomics-lucky-don-t-195023673.html\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lucky we don\u2019t need Congress right now [Video] Congress can finally get down to business, now that House Republicans elected Kevin McCarthy Speaker of the House after six days of chaotic voting. But McCarthy may have given up so much power to secure a handful of votes from far-right Republicans that the House remains dysfunctional&#8230;<\/p>\n","protected":false},"author":1,"featured_media":537231,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/EJHgGUUS_Ca6di1d9VVkcg--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04NDU-\/https:\/\/media.zenfs.com\/en\/aol_yahoo_finance_433\/6484048c462095a47a6e3d8a670573c1","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-537230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/537230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=537230"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/537230\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/537231"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=537230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=537230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=537230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}