Biden’s economy

[Anonymous]

Anonymous wrote:
Everybody knows the economy is a wreck totally supported by exponential borrowing by the federal government. The largest debt and trade deficit on earth by exponential amounts is the definition of a basket case. No wonder the world wants out of the reserve dollar. If that ever happens the US standard of living implodes instantly instead of being rapidly eroding like now.

Debt as % of GDP has largely been declining since Biden came into office:
https://fred.stlouisfed.org/series/GFDEGDQ188S

It peaked during Trump as a result of COVID.

Debt-to-GDP for the US is historically high, however it is below other G20 nations like Japan, Singapore, and Italy. Japanese Yen is also a 'reserve currency' and they've had a ratio north of 200% for 15 years without a run from the Yen.

https://tradingeconomics.com/country-list/government-debt-to-gdp?continent=g20

[Anonymous]

Anonymous wrote:The NYTs is cheering for Trump.

The narrative is so crazy, this was clearly a very good jobs report. 175k is a very good number, especially this deep into an expansion. Eventually you run out of people to employ, population growth is very slow.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
Everybody knows the economy is a wreck totally supported by exponential borrowing by the federal government. The largest debt and trade deficit on earth by exponential amounts is the definition of a basket case. No wonder the world wants out of the reserve dollar. If that ever happens the US standard of living implodes instantly instead of being rapidly eroding like now.

Debt as % of GDP has largely been declining since Biden came into office:
https://fred.stlouisfed.org/series/GFDEGDQ188S

It peaked during Trump as a result of COVID.

Debt-to-GDP for the US is historically high, however it is below other G20 nations like Japan, Singapore, and Italy. Japanese Yen is also a 'reserve currency' and they've had a ratio north of 200% for 15 years without a run from the Yen.

https://tradingeconomics.com/country-list/government-debt-to-gdp?continent=g20

Japan has a trade surplus. They produce far better than our basket case economy with massive fiscal deficits at all levels Feds, states and households and the largest trade deficit on earth by exponential amounts.

[Anonymous]

Anonymous wrote:The NYTs is cheering for Trump.

The billionaire media owners want the GOP back. They’ve been like this from the point of the Afghanistan withdrawal and critical thinking on it says that the fact that the media owners are also in the business of arms says why.

[Anonymous]

Anonymous wrote:

Labor force participation is at record highs. Much higher than at any time during Trump, this much is clear, see chart above!

[Anonymous]

Anonymous wrote:This is Biden’s chief economist. A double bass major and social worker is setting economic policy.

And yet Wikipedia describes him as an economist. Where I work only PhDs in economics may be called economists.

[Anonymous]

Anonymous wrote:The NYTs is cheering for Trump.

Since when is objectively reporting facts cheering for anyone?
Thems the facts, babe.

If anything - the Guardian is demonstrating that they are carrying water for Biden.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is Biden’s chief economist. A double bass major and social worker is setting economic policy.

And yet Wikipedia describes him as an economist. Where I work only PhDs in economics may be called economists.

This explains why Bidenomics has failed so miserably.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is Biden’s chief economist. A double bass major and social worker is setting economic policy.

And yet Wikipedia describes him as an economist. Where I work only PhDs in economics may be called economists.

So, wait…. His education is in music and social work but he has been able to get these top economist positions, how did he make that happen?? I am intrigued.

[Anonymous]

[Anonymous]

This man is clueless

[Anonymous]

Anonymous wrote:

That’s inflation adjusted real GDP, great run we are on!

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is Biden’s chief economist. A double bass major and social worker is setting economic policy.

So much for grownups are back in charge. Frankly, his picks have been atrocious.

That's so bad, it's not funny.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

That’s inflation adjusted real GDP, great run we are on!

In spite of the dip-sheet leftist academics with no actual real world experience he has around his policy table. Thank you America’s workers and businesses!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

That’s inflation adjusted real GDP, great run we are on!

In spite of the dip-sheet leftist academics with no actual real world experience he has around his policy table. Thank you America’s workers and businesses!

Who cares? What matters is money in my pocket. Inflation is real and has been going on the entire time Biden was prez and he most likely worsened it with his massive spending and IJIA and debt forgiveness.

And that's why most people give Biden terrible marks on the economy. They feel poorer because they are poorer due to inflation. Rents shooting up, food costs still high, gas prices now going back up. It's that simple.