Americans have been getting poorer for 22 straight months now under Joe Biden. Real wages remain 2% below inflation. Prices up 14.4% since Biden took office.
Where can you move that has done better? When Trump was evaluated on how we were doing against covid only a moron looked at how many folks had covid. Smart folks compared our rate to other countries. We sucked. Now, looking at our economy, how do we compare?
still amazed at how biden and alot of the libbies here take great pleasure in touting things like gas prices dropping, inflation rates dropping, food prices coming down, unemployement dropping, better border numbers. yet they do not tell you the numbers in these catagories 2 years ago when he took office. like i have said, in order to have numbers drop they needed to be high, yet that is glossed over, not saying why they got where they were, blaming everything but themselves.
what i grasp is the refusal to admit what a crap show biden and copmpany have been since in office, all the pre and post january 20,2021 show that.
Yep, Jan 20, 2021 is the date. It all changed for you when it went from R to D that day. Economy went from good to bad in an instant.
You started a thread touting the Biden administrations healthy economy. Now you are claiming we are the best of the worst. King of the dipshits? Our economy was great when Trump left office. Some states did not do well from continued lockdowns, masking children and vax mandates. That's on bad governors. Those states are about to hammer folks on food stamps. Food stamp "hunger cliff" looms as 32 states set to slash benefits - CBS News Curious, do you go grocery shopping?
By nearly every metric Biden has pulled the shit economy he was passed from Trump out of the gutter. The fact that he hasn’t employed space lasers to eradicate the worldwide supply shortage to your liking notwithstanding. First: Anyone typing our economy was healthy 2 years ago and worse now is living in a fantasyland. Second: You’re gaslighting state economic impacts. It’s total bullshit. Third: Food stamp cut backs are a sign the economy has improved from when Trump had everyone unemployed and getting checks. Thanks Biden. Yes I buy the food for the house.
I would like to see how that is determined. Cuomo’s policy of forcing nursing homes to take back covid positive people certainly had a bigger impact than staff that may have been infected. If staff were infected isn’t it more likely they got it while caring for Covid sick patients? Have you ever worked in a nursing home? The infection control is terrible in most of those places. Often the nursing staff are the bottom of the barrel(one that can’t get jobs elsewhere for good reason. Large groups of chronicle i’ll crammed together it’s a recipe for an outbreak.
No Biden gets no credit here. The economy was going to rebound regardless who was in the oval office. That was because as the pandemic ended and the shutdowns abated the economy was going to start firing again. You keep suggesting Trump was responsible for the massive UE, again wrong that was COVID. Go back and look at GDP for the 3rd and 4th Q of 2020 was it really in the gutter because of Trump or COVID? Be honest.
All I had to do was change about 5 words from your post: No Trump gets no credit here. The economy was continuing the Obama growth regardless who was in the oval office. That was because of Obamas recovery that the economy was going to continuing to fire. You keep suggesting Biden is responsible for the inflation, again wrong that was COVID. Go back and look at GDP for the years before the 3rd and 4th Q of 2020 was it really any different? Be honest.
I haven’t said Trump was responsible for growth over what was trending. We did have a pull back in the fall of 2018 and the FED lowered rates to stop it. I have said Trump wasn’t responsible for the collapse and spike in UE that was COVID. You keep pointing at the rebound suggesting it was failure under Trump as if that was his fault and in the same breath you credit Biden for the inevitable recovery once covid and the lockdowns abated. Regardless of who was in the oval with covid we would have printed our way through it, and when it was over the economy would have rebounded like it did regardless of who was in the oval. So Biden gets no credit there. He does get credit for adding another 1.8 trillion into an already hot economy (well done). Many economists credit that little spending with 3% added inflation and it being unneeded. He also gets credit for thinking inflation was transitory(dead wrong). I guess if you mean transitory is for years he is right(ha ha). BTW see the PPI today, getting hot again. Fed likely going to go longer with rate increases now. Maybe another 50 basis point next time. Your hate of Trump and need to portray Biden as some great president blinds you to reality man.
Biden’s American Rescue Plan worsened inflation. The question is how much. “The US had significantly worse “core” inflation than comparable economies It’s important to understand the broader context. Inflation has been happening across the world, caused by pandemic-related disruptions, and exacerbated this year by Russia’s invasion of Ukraine and China’s Covid-19 lockdowns. Even before the American Rescue Plan passed, “the seeds for a high-inflation environment were already planted,” said Marc Goldwein of the Committee for a Responsible Federal Budget. But regarding the exact amount of inflation, the US stands out. And it started to stand out shortly after President Biden took office. From 2021 onward, what’s known as “core inflation” has been significantly higher in the US than in other wealthy countries. (Core inflation is a common metric that excludes food and energy prices, which tend to be volatile, to try to get a better sense of general price levels and inflation in an economy.) A recent article published by the Federal Reserve Bank of San Francisco makes this point. The authors — Òscar Jordà, Celeste Liu, Fernanda Nechio, and Fabián Rivera-Reyes — compare core inflation in the US to the average of eight wealthy countries (the United Kingdom, France, Germany, Canada, the Netherlands, Norway, Sweden, and Finland). Before 2021, these and the US had similar inflation levels. Then the US’s shot up.” There literally dozens of articles that echo this. BTW Vox is not some rt wing source. How Much Did Biden’s Rescue Plan Fuel Inflation?
Interesting .... two different takes on the "no landing" theory ie, economic growth with inflation at or above 3% and high interest rates. What are the risks for equities in such a scenario? Jeremy Siegel: Strong Economy Ahead Will Lead to 'No Landing' Scenario (businessinsider.com) Why there is no such thing as a 'no landing' scenario for the economy: Morning Brief (yahoo.com)
