Biden’s economy

[Anonymous]

Anonymous wrote:I raised my prices 40 percent.

Nobody batted an eye because they expect it and can’t get anybody else to be cheaper.

I’m going to raise them again in February.

Did you need to raise them because the price of materials or services has been going up and it’s affecting you, or are you raising them just because you can?

[Anonymous]

Anonymous wrote:Still, it makes me wonder what the economy would look like if we had a competent leader in the whitehouse right now.

I feel like the “recovery” we’re seeing right now is happening in spite of Biden, rather than because of Biden.

When you put recovery in quotes it undermines your argument.

[Anonymous]

We already have this thread https://www.dcurbanmom.com/jforum/posts/list/887425.page

[Anonymous]

Anonymous wrote:Still, it makes me wonder what the economy would look like if we had a competent leader in the whitehouse right now.

I feel like the “recovery” we’re seeing right now is happening in spite of Biden, rather than because of Biden.

Here is the thing....how was the economy when Bush41 left office? How was the economy when Bush43 left office? How was the economy when Trump left office?

Because in each case, the GOP president left with a recession or catastrophic economic conditions. And in each case, the democrat had to come in and clean up the mess. Trump took four years to screw up our country and Biden has mostly righted the ship in 10 months. Pretty damned impressive. Are there still issues? Of course, but given where we were this time last year, it is night and day.

So you can "recovery" till the cows come home, but people feel and see what is happening, despite the right wing rhetoric.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:After artificially depressing the economy during Covid shutdown what exactly did you think was going to happen to the economy? We could have elected a stuffed animal into office and we’d have the same results. Do you have even a rudimentary understanding of economics?

So. Much. This.


And I’d argue we did elect a stuffed animal.

Would a stuffed animal have borrowed $2 Trillion dollars, pumped it into an already growing economy, and sent inflation to a multi decade high? Would a stuffed animal go around and babble about spending trillions more dollars to Build Back Better?

I'm with you bro. This country doesn't need new infrastructure. I'm fine with developing country standards of public transportation, crumbling bridges, slow internet speeds, pot-hole filled roads, crappy airports, and unsafe water supplies. Heck, if I wanted to live somewhere where I can drive to work without damaging my suspension (only cost me $3k to get repaired), I'd emigrate. Go Brandon!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:After artificially depressing the economy during Covid shutdown what exactly did you think was going to happen to the economy? We could have elected a stuffed animal into office and we’d have the same results. Do you have even a rudimentary understanding of economics?

So. Much. This.


And I’d argue we did elect a stuffed animal.

Would a stuffed animal have borrowed $2 Trillion dollars, pumped it into an already growing economy, and sent inflation to a multi decade high? Would a stuffed animal go around and babble about spending trillions more dollars to Build Back Better?

I'm with you bro. This country doesn't need new infrastructure. I'm fine with developing country standards of public transportation, crumbling bridges, slow internet speeds, pot-hole filled roads, crappy airports, and unsafe water supplies. Heck, if I wanted to live somewhere where I can drive to work without damaging my suspension (only cost me $3k to get repaired), I'd emigrate. Go Brandon!

That's a myth. The international survey cited by the Biden Administrations puts the US at 13th - roughly middle of the pack for developed countries. If you think this latest $1T is going to be anything other than an inflation fueling, inefficient mess you are kidding yourself. It will start into the teeth of labor and supply shortages with all manner of union and buy American requirements. Biden keeps fighting the last recession - this would have been a decent bill 10 years ago and it needs to include some effort to reduce government built infrastructure costs which are much higher in the US than a number of other countries.

https://www.statista.com/statistics/264753/ranking-of-countries-according-to-the-general-quality-of-infrastructure/

https://www.forbes.com/sites/adammillsap/2020/03/16/why-is-it-so-expensive-to-build-things-in-america/?sh=70c5d8331048

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:After artificially depressing the economy during Covid shutdown what exactly did you think was going to happen to the economy? We could have elected a stuffed animal into office and we’d have the same results. Do you have even a rudimentary understanding of economics?

So. Much. This.


And I’d argue we did elect a stuffed animal.

Would a stuffed animal have borrowed $2 Trillion dollars, pumped it into an already growing economy, and sent inflation to a multi decade high? Would a stuffed animal go around and babble about spending trillions more dollars to Build Back Better?

I'm with you bro. This country doesn't need new infrastructure. I'm fine with developing country standards of public transportation, crumbling bridges, slow internet speeds, pot-hole filled roads, crappy airports, and unsafe water supplies. Heck, if I wanted to live somewhere where I can drive to work without damaging my suspension (only cost me $3k to get repaired), I'd emigrate. Go Brandon!

That's a myth. The international survey cited by the Biden Administrations puts the US at 13th - roughly middle of the pack for developed countries. If you think this latest $1T is going to be anything other than an inflation fueling, inefficient mess you are kidding yourself. It will start into the teeth of labor and supply shortages with all manner of union and buy American requirements. Biden keeps fighting the last recession - this would have been a decent bill 10 years ago and it needs to include some effort to reduce government built infrastructure costs which are much higher in the US than a number of other countries.

https://www.statista.com/statistics/264753/ranking-of-countries-according-to-the-general-quality-of-infrastructure/

https://www.forbes.com/sites/adammillsap/2020/03/16/why-is-it-so-expensive-to-build-things-in-america/?sh=70c5d8331048

Claims that sarcastic pp is talking myths, cites only right wing talking points as rebuttal.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:After artificially depressing the economy during Covid shutdown what exactly did you think was going to happen to the economy? We could have elected a stuffed animal into office and we’d have the same results. Do you have even a rudimentary understanding of economics?

So. Much. This.


And I’d argue we did elect a stuffed animal.

Would a stuffed animal have borrowed $2 Trillion dollars, pumped it into an already growing economy, and sent inflation to a multi decade high? Would a stuffed animal go around and babble about spending trillions more dollars to Build Back Better?

I'm with you bro. This country doesn't need new infrastructure. I'm fine with developing country standards of public transportation, crumbling bridges, slow internet speeds, pot-hole filled roads, crappy airports, and unsafe water supplies. Heck, if I wanted to live somewhere where I can drive to work without damaging my suspension (only cost me $3k to get repaired), I'd emigrate. Go Brandon!

If everyone is working from home and should, there is no reason to upgrade infrastructure in fact the us government should take the lead and sell all their wasteful buildings and promote work from home

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:After artificially depressing the economy during Covid shutdown what exactly did you think was going to happen to the economy? We could have elected a stuffed animal into office and we’d have the same results. Do you have even a rudimentary understanding of economics?

So. Much. This.


And I’d argue we did elect a stuffed animal.

Would a stuffed animal have borrowed $2 Trillion dollars, pumped it into an already growing economy, and sent inflation to a multi decade high? Would a stuffed animal go around and babble about spending trillions more dollars to Build Back Better?

Not a stuffed animal.
A puppet. For the far left.

I laugh my tuchus off every time I read something like this.

Do you honestly believe that Biden is a puppet for the far left? Seriously? Or is this just the latest bad faith talking point?

If Biden's a puppet of the far left, where is the executive order forgiving student debt? Where's the Supreme Court packing? Where's the nationwide mask and vaccine mandate? Where's the withdrawal of support for Israel? Where's the increase in visas and refugee resettlement?

All we've gotten is a very watered down infrastructure bill, and a relief package that Republicans all voted against but still touted the benefits to their constituents. What in the everliving hell is far left about Biden's presidency?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:After artificially depressing the economy during Covid shutdown what exactly did you think was going to happen to the economy? We could have elected a stuffed animal into office and we’d have the same results. Do you have even a rudimentary understanding of economics?

So. Much. This.


And I’d argue we did elect a stuffed animal.

Would a stuffed animal have borrowed $2 Trillion dollars, pumped it into an already growing economy, and sent inflation to a multi decade high? Would a stuffed animal go around and babble about spending trillions more dollars to Build Back Better?

I'm with you bro. This country doesn't need new infrastructure. I'm fine with developing country standards of public transportation, crumbling bridges, slow internet speeds, pot-hole filled roads, crappy airports, and unsafe water supplies. Heck, if I wanted to live somewhere where I can drive to work without damaging my suspension (only cost me $3k to get repaired), I'd emigrate. Go Brandon!

If everyone is working from home and should, there is no reason to upgrade infrastructure in fact the us government should take the lead and sell all their wasteful buildings and promote work from home

omg. no one needs roads. Just broadband, right? Everyone in their basements and on their laptops! Save the economy!

[Anonymous]

[Anonymous]

[Anonymous]

Increase in wages is offsetting inflation.

https://fred.stlouisfed.org/graph/?g=JFV5&fbclid=IwAR34j6bsntJj7KGxxSQLV35LZJNUvxde5eOBi7P9yOB19KgNws20IGQCQBc

[Anonymous]

Jobless claims are low because labor participation rate is significantly below pre-pandemic levels:

https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm

[Anonymous]

Anonymous wrote:Increase in wages is offsetting inflation.

https://fred.stlouisfed.org/graph/?g=JFV5&fbclid=IwAR34j6bsntJj7KGxxSQLV35LZJNUvxde5eOBi7P9yOB19KgNws20IGQCQBc

Not completely. The graph you linked to shows pretty clearly that inflation in the past few months has a steeper slope than the wage increase.