Biden’s economy

[Anonymous]

Anonymous wrote:GDP grew at a 6.9% pace to close out 2021, stronger than expected despite omicron spread

https://www.cnbc.com/amp/2022/01/27/gdp-grew-at-a-6point9percent-pace-to-close-out-2021-stronger-than-expected-despite-omicron-spread.html

Economy strong, despite Trump’s effort to bankrupt us.

Wrong.....stop reading headlines like a lazy bum. 5% of the growth came from a build up of inventory, that's it. It isn't real, sustained economic growth at all.

[Anonymous]

[Anonymous]

It’s hard to feel good about the economy when some news outlets continue to tell people they are being “replaced.”

[Anonymous]

January unemployment is coming out on Friday and not going to be pretty. Will this also be Trumps fault?

[Anonymous]

ADP for last week is showing a nasty print last week. Down 301k... Go Joe!

[Anonymous]

Anonymous wrote:It’s hard to feel good about the economy when some news outlets continue to tell people they are being “replaced.”

Who is being replaced? What does that even mean?

[Anonymous]

Anonymous wrote:ADP for last week is showing a nasty print last week. Down 301k... Go Joe!

That helps relieve inflation pressure, so for the right, this is a really good thing.

[Anonymous]

Anonymous wrote:ADP for last week is showing a nasty print last week. Down 301k... Go Joe!

Psaki is juicing some limes right now...

[Anonymous]

Lowest print since spring 2020 after the world shut down. Nothing to see here people... INSURRECTION!

[Anonymous]

[Anonymous]

Anonymous wrote:ADP for last week is showing a nasty print last week. Down 301k... Go Joe!

This didn't age well. the actual number is +430,000 jobs.

Why do you root against our country?

[Anonymous]

And DEcember revised up to almost half a million.

It is really hard to suggest the economy isn't coming back. The participation rate is growing, unemployment is remaining relatively constant, wages are up and inflation is easing because of efforts taken to reduce shipping backlogs, and see the link the PP above posted regarding GM.

Add to it the new plants being developed in Ohio for chips and it trends in the right direction.

[jsteele]

Anonymous wrote:Lowest print since spring 2020 after the world shut down. Nothing to see here people... INSURRECTION!

And this is why we don't rely on this PP for economic forecasting:

[Anonymous]

January 467,000; November and December combined revised upwards to 709,000. That is fantastic news.

Aside - why is the BLS so bad at estimates?

[Anonymous]

Anonymous wrote:January unemployment is coming out on Friday and not going to be pretty. Will this also be Trumps fault?

Where are you PP? Are you sobbing that Joe is bringing back the US economy after Trump left it in ruins?