Biden’s economy

[Anonymous]

“It’s the economy, stupid.”

What we’re in now has been a long time coming and the current occupant of the White House has been around a long azz time.
He has to own some of it.
Most people will compare their lifestyle and home economies today to what they were in 2019 and conclude that life was better with the Blowhard-in-Chief. No getting around it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone who thinks Biden's economy is not having a huge negative impact on most Americans is either extremely wealthy and doesn't "feel" the effects of the high prices or is lying through their teeth.

+100 Extreme liberals in DC are in a bubble. They will clutch their pearls once GOP sweeps in 2022.

Be honest. Are you just AI, regurgitating talking points? Here, let me feed you some random phrases: taxes, bootstraps, Candyland, sidewalk, astroturf, sand, price gouging, anglerfish. Let’s see what garbled nonsense you reply with.

Have you looked at any public opinion poll in the last six months? Your party is politically in a really, really bad place.

+1

[Anonymous]

He is unable to complete a thought. Rambling......

I think it has more to do with the fact that HE KNOWS what he is saying are lies.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So many people are missing the broader point: There is a clear economic malaise in this country right now.

An unemployment rate of 3.6 percent and job growth over ~400k per month for 15 of the past 16 months indicates economic malaise? Is that what Trump was talking about when he said we'd be winning so much we'd be tired of it?

Layoffs also just announced at a record low. I think it’s just 1 person that keeps posting and wishing for a recession. Doesn’t realize you can’t predict those, look at how long this thread has been going with someone predicting a recession. If you keep the thread up long enough you may eventually be right, but you have already been wrong for 6+ months!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So many people are missing the broader point: There is a clear economic malaise in this country right now.

An unemployment rate of 3.6 percent and job growth over ~400k per month for 15 of the past 16 months indicates economic malaise? Is that what Trump was talking about when he said we'd be winning so much we'd be tired of it?

Layoffs also just announced at a record low. I think it’s just 1 person that keeps posting and wishing for a recession. Doesn’t realize you can’t predict those, look at how long this thread has been going with someone predicting a recession. If you keep the thread up long enough you may eventually be right, but you have already been wrong for 6+ months!

You're right. Just wishful thinking on the part of one poster who wants a recession. All is great! Higher prices for goods, food, and gasoline are not actually happening. Those news articles describing how American citizens currently feel about the economy mean nothing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So many people are missing the broader point: There is a clear economic malaise in this country right now.

An unemployment rate of 3.6 percent and job growth over ~400k per month for 15 of the past 16 months indicates economic malaise? Is that what Trump was talking about when he said we'd be winning so much we'd be tired of it?

Layoffs also just announced at a record low. I think it’s just 1 person that keeps posting and wishing for a recession. Doesn’t realize you can’t predict those, look at how long this thread has been going with someone predicting a recession. If you keep the thread up long enough you may eventually be right, but you have already been wrong for 6+ months!

You're right. Just wishful thinking on the part of one poster who wants a recession. All is great! Higher prices for goods, food, and gasoline are not actually happening. Those news articles describing how American citizens currently feel about the economy mean nothing.

You know, it's possible for the economy to be strong and prices for goods, food, and gasoline to be rising, as well. It's not an either-or proposition.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So many people are missing the broader point: There is a clear economic malaise in this country right now.

An unemployment rate of 3.6 percent and job growth over ~400k per month for 15 of the past 16 months indicates economic malaise? Is that what Trump was talking about when he said we'd be winning so much we'd be tired of it?

Layoffs also just announced at a record low. I think it’s just 1 person that keeps posting and wishing for a recession. Doesn’t realize you can’t predict those, look at how long this thread has been going with someone predicting a recession. If you keep the thread up long enough you may eventually be right, but you have already been wrong for 6+ months!

Layoffs are the last stage. Employers will furlough/cut hours before they do pink slips. The economy is not strong. Q1 was -1.5% GDP. The Fed's GDPNow estimate for Q2 has dropped to 0.9% in the past couple of weeks. IF that numbers sticks through the end of the month (I don't think it will), we may avoid a technical recession of contraction in 2 consecutive quarters BUT if you average the numbers, it's still negative for the the first half of the year. Economy hasn't done anything in 2022!

https://www.atlantafed.org/cqer/research/gdpnow

[Anonymous]

Isn’t the concern stagflation not recession?

https://www.cnbc.com/amp/2022/06/07/world-bank-cuts-global-growth-outlook-and-warns-of-70s-stagflation.html

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So many people are missing the broader point: There is a clear economic malaise in this country right now.

An unemployment rate of 3.6 percent and job growth over ~400k per month for 15 of the past 16 months indicates economic malaise? Is that what Trump was talking about when he said we'd be winning so much we'd be tired of it?

Layoffs also just announced at a record low. I think it’s just 1 person that keeps posting and wishing for a recession. Doesn’t realize you can’t predict those, look at how long this thread has been going with someone predicting a recession. If you keep the thread up long enough you may eventually be right, but you have already been wrong for 6+ months!

You're right. Just wishful thinking on the part of one poster who wants a recession. All is great! Higher prices for goods, food, and gasoline are not actually happening. Those news articles describing how American citizens currently feel about the economy mean nothing.

You know, it's possible for the economy to be strong and prices for goods, food, and gasoline to be rising, as well. It's not an either-or proposition.

PP here. Yes, I do understand. It's just absurd though for some posters here to try to minimize the concerns expressed by anyone having a negative view of our current economic situation.

[Anonymous]

Biden cannot control deglobalization.

[Anonymous]

Anonymous wrote:Biden cannot control deglobalization.

There are many things that a president and his /her administration can't control. Nonetheless, they still get the praise or blame, according to how things go. That's thexway things have worked for every president.

[Anonymous]

Inflation is global.

A lot of it can be traced to oil cartels jacking the price of fuel and the Russian invasion of Ukraine, putting a strain on global food.

In other words, right wing authoritarians inflicting pain on the world for power.

Hitler's rise was in part due to inflation.

I guess history will needlessly repeat itself.

[Anonymous]

I think there is one poster who keeps saying things are fine. It is the same argument over and over. And it’s just wrong. No one likes higher prices unless wages go up at a higher pace. That hasn’t happened. Shortages of goods (formula, soon food) don’t make anyone happy. A rambling sort of disconnected president who seems to either not care or not understand.

[Anonymous]

Anonymous wrote:Inflation is global.

A lot of it can be traced to oil cartels jacking the price of fuel and the Russian invasion of Ukraine, putting a strain on global food.

In other words, right wing authoritarians inflicting pain on the world for power.

Hitler's rise was in part due to inflation.

I guess history will needlessly repeat itself.

Lol whatever fairytale you need to tell yourself to help you cope. Oil prices started rising well before the Russian invasion of Ukraine — pull up a chart of WTI crude and you will see that this isn’t a debatable matter, it is a fact. Why were oil prices already on the rise prior to the invasion of Ukraine? Because Biden did the following:

-Shut down a major trans north American pipeline (Keystone XL) by executive order on Jan 20
-that same January 20 executive order that withdrew the permit for the Keystone XL pipeline also directed agencies to consider new rules to curb methane emissions from oil and gas
-ended multiple key oil and gas drilling leases on federal land, and essentially halted new oil and gas leasing on federal onshore lands and offshore waters
-Biden has directed government agencies to work toward eliminating fossil fuel subsidies by fiscal year 2022.

When the Democrats get steamrolled, you can blame “right wing authoritarians” instead of looking at yourself in the mirror 😂

[Anonymous]

Anonymous wrote:

Anonymous wrote:Inflation is global.

A lot of it can be traced to oil cartels jacking the price of fuel and the Russian invasion of Ukraine, putting a strain on global food.

In other words, right wing authoritarians inflicting pain on the world for power.

Hitler's rise was in part due to inflation.

I guess history will needlessly repeat itself.

Lol whatever fairytale you need to tell yourself to help you cope. Oil prices started rising well before the Russian invasion of Ukraine — pull up a chart of WTI crude and you will see that this isn’t a debatable matter, it is a fact. Why were oil prices already on the rise prior to the invasion of Ukraine? Because Biden did the following:

-Shut down a major trans north American pipeline (Keystone XL) by executive order on Jan 20
-that same January 20 executive order that withdrew the permit for the Keystone XL pipeline also directed agencies to consider new rules to curb methane emissions from oil and gas
-ended multiple key oil and gas drilling leases on federal land, and essentially halted new oil and gas leasing on federal onshore lands and offshore waters
-Biden has directed government agencies to work toward eliminating fossil fuel subsidies by fiscal year 2022.

When the Democrats get steamrolled, you can blame “right wing authoritarians” instead of looking at yourself in the mirror 😂

You're living in an elaborately-constructed fantasy world where everything is a Democrat's fault. Oil prices were increasing prior to Ukraine because demand for oil rebounded as economies reopened and recovered from COVID. Both demand and production cratered during COVID, and oil production lags behind demand.