Morgan Stanley credits Bidenomics with 'much stronger" than expected GPD growth

The Saudis announced lower production a few days ago, and today, ExxonMobil announced a potential refinery shutdown for maintenance. That's going to cause gas prices to rise.

As for inflation, out of all G7 countries, the US has the highest GDP growth and lowest inflation rate. Inflation was global due to supply issues caused by the pandemic. Seems like the US has done better than all the other top economic countries at keeping inflation lower.

 

going back on gas buddy, from january 2017 until january 2021, the highest average was about 3 dollars a gallon, under trump. under inept joe it has not even sniffed that low

 

so, since gas is cheaper under trump the economy was stronger,right?

 

All of it

 

hey, don't be so hard on yourself, or inept joe.

 

Did Biden learn from Obama’s mistake? Obama said his bill would fund shovel ready projects that weren’t. What is different this time?

 

I'm going to give you a Come on Man in reply rather than just via emoji.

What do PASSED LAWS/ACTS have to do with politics? Really? Really?

Come on man.

While conservatives are waging culture wars about the nearly non-existent trans population (people I call "Americans"), Biden and the Dems are fixing problems.

REAL PROBLEMS.

Like addressing aging infrastructure.

Like bringing MASSIVE investments in 21st/22nd century industries.

Meanwhile, republicans have fought him tooth and nail, and are now running on how HORRIBLE it is that Biden got these acts done.

Do I need to hunt down MTG's Joe Biden Endorsement ad to show you what YOUR political party is doing?

Who the hell cares who the original ideas came from? A good leader is one who listens to the experts, takes their advice, and Champions their solutions.

Regarding tRumps economy... Obama handed him a damn good economy that was trending up, and he managed to not screw it up ... till he did. And boy did he screw it up.

Is it really that hard/impossible for you to just say, "You know what... Biden isn't really doing a bad job."

 

then when gas was 5 dollars a gallon the economy must have been through the roof, so now it is not as red hot as then since gas is down in price from then?

 

so inept joe is worse on the economy than a year ago, right?

 

obama only had 2 years until republicans owned congress. The first two years were getting a stimulus passed and ACA. ACA required a lot of attention and distracted congress from doing other stuff. I think you had more moderate democrats at the time who were not comfortable with really large stimulus packages.

 

If you think I am giving Trump credit, you are mistaken. Was I posting threads about Trump every time a good economic report hit the air?

My point is, he didn't construct the infrastructure act. Heck, he was probably told who to put in charge of such things.

 

Newsflash. I havent said he is doing a
"bad job". I'm on record of saying Clinton was a good POTUS too. (Crap human, bit good potus).

I think people are missing my overriding point. Im the opposite of "political" when it comes to the economy. I am the rare social conservative but fiscal left leaning moderate.

I just believe that the economy as a whole is driven by the citizens. Hard working Americans pulled us out of the pandemic.
Freedom to reopen closed businesses etc.

This economy would be in this spot regardless of potis because post pandemic, up was the only logical direction.

I am not the one making it political though. Never have with this subject.

Its why I supported local democrats on occasions here. Weve had some that did huge economic things. Luring business and corporations for instance. THAT is the real political impact on the economy. Local.

 

While engineering a scorching economy, Biden took time out to cure cancer …

 

Ive showed this to you a dozen times. What are you taking about? Pre covid Trump your wages were less. Except for the Covid impacted spike (from stimulus and crashing prices) there is no time in history where your real income is higher... and that is adjusted for inflation. So what exactly are you saying?