Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:A great month for the economy:

Inflation down to 3.1%

199k jobs added

Unemployment down to 3.7%

Real average hourly wages up .2%

Real weekly earning up .5%

So inflation is still outpacing wage growth?

The cited metrics were for the month. In a broader timeline, wage growth has exceeded inflation by about 1.5%

+1 and over the last three months, wage growth is beating price growth by 2% annualized for mid/low wage workers.

Now do Biden’s whole term

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:A great month for the economy:

Inflation down to 3.1%

199k jobs added

Unemployment down to 3.7%

Real average hourly wages up .2%

Real weekly earning up .5%

So inflation is still outpacing wage growth?

The cited metrics were for the month. In a broader timeline, wage growth has exceeded inflation by about 1.5%

+1 and over the last three months, wage growth is beating price growth by 2% annualized for mid/low wage workers.

Now do Biden’s whole term

You mean the two years he spent getting the US out of the dumpster fire left by Trump?

[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.

Recovery? What are we recovering from economically? Our current economic status can be attributed to a concoction of long term impacts from the policies of past presidential administrations and the lingering pandemic related effects. Biden has little to be blamed for or given credit for when speaking of the economy. By the end of a president's second term, it may become fair to place primary blame or credit on the president's policies for what is going right and wrong in the economy but 3 years of a presidency does little to steer the course of the very, very, very, large ship known as the US economy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:A great month for the economy:

Inflation down to 3.1%

199k jobs added

Unemployment down to 3.7%

Real average hourly wages up .2%

Real weekly earning up .5%

So inflation is still outpacing wage growth?

The cited metrics were for the month. In a broader timeline, wage growth has exceeded inflation by about 1.5%

+1 and over the last three months, wage growth is beating price growth by 2% annualized for mid/low wage workers.

Now do Biden’s whole term

Sure: inflation has been lower over Biden’s whole term than nearly any other developed country and therefore we have the best post-Covid economy in the G7.

[Anonymous]

Anonymous wrote:

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.

Recovery? What are we recovering from economically? Our current economic status can be attributed to a concoction of long term impacts from the policies of past presidential administrations and the lingering pandemic related effects. Biden has little to be blamed for or given credit for when speaking of the economy. By the end of a president's second term, it may become fair to place primary blame or credit on the president's policies for what is going right and wrong in the economy but 3 years of a presidency does little to steer the course of the very, very, very, large ship known as the US economy.

Disagree. Biden's first two bills made ALL of the difference for the US to rebound more quickly and effectively from COVID. See the chart the PP above posted. The US economy is the envy of the world. Our GDP is higher, our unemployment is lower, and yes, there is inflation, but it is lower here than anywhere else.

That is ALL on Biden.

If the GOP doesn;'t mess with the debt ceiling, the credit ratings would not have changed, thus spiking our interest rates. THAT is on the GOP. If the GOP allows the government to close in January, the effects will be disasterous and all on them, not Biden.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Recovery? What are we recovering from economically? Our current economic status can be attributed to a concoction of long term impacts from the policies of past presidential administrations and the lingering pandemic related effects. Biden has little to be blamed for or given credit for when speaking of the economy. By the end of a president's second term, it may become fair to place primary blame or credit on the president's policies for what is going right and wrong in the economy but 3 years of a presidency does little to steer the course of the very, very, very, large ship known as the US economy.

Disagree. Biden's first two bills made ALL of the difference for the US to rebound more quickly and effectively from COVID. See the chart the PP above posted. The US economy is the envy of the world. Our GDP is higher, our unemployment is lower, and yes, there is inflation, but it is lower here than anywhere else.

That is ALL on Biden.

If the GOP doesn;'t mess with the debt ceiling, the credit ratings would not have changed, thus spiking our interest rates. THAT is on the GOP. If the GOP allows the government to close in January, the effects will be disasterous and all on them, not Biden.

I like Biden. Have nothing against him personally. Just saying what any economist worth their title would tell you. An economy is shaped over many, many years of policy input, global happenings, advancements in technology, human evolution .... many, many years. A president spending a boat ton of money might give the economy the sniffles or a burst of adrenaline in the short term but anything done in matter of 3 years has a drop in the bucket impact on the long term health of the economy. You'll thank me for pointing out these facts when the consumer credit crisis hits us in a year or two. It won't be Biden's "fault".

[Anonymous]

Anonymous wrote:A great month for the economy:

Inflation down to 3.1%

199k jobs added

Unemployment down to 3.7%

Real average hourly wages up .2%

Real weekly earning up .5%

199K jobs added,

https://www.bls.gov/news.release/pdf/empsit.pdf

"Total nonfarm payroll employment increased by 199,000 in November, and the unemployment rate edged down to 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care and government. Employment also increased in manufacturing, reflecting the return of workers from a strike. Employment in retail trade declined."

"In November, health care added 77,000 jobs, above the average monthly gain of 54,000 over the prior 12 months. Over the month, job gains continued in ambulatory health care services (+36,000), hospitals (+24,000), and nursing and residential care facilities (+17,000)."

"Government employment increased by 49,000 in November, in line with the average monthly gain of 55,000 over the prior 12 months. Employment continued to trend up in local government (+32,000) and state government (+17,000) over the month."

"Employment in manufacturing rose by 28,000 in November, reflecting an increase of 30,000 in motor vehicles and parts as workers returned from a strike. Employment in manufacturing has shown little net change over the year"

So, it was 49K govt workers hired, 30K returning from strikes and a bunch of nurses? Yeah, I'm impressed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:A great month for the economy:

Inflation down to 3.1%

199k jobs added

Unemployment down to 3.7%

Real average hourly wages up .2%

Real weekly earning up .5%

199K jobs added,

https://www.bls.gov/news.release/pdf/empsit.pdf

"Total nonfarm payroll employment increased by 199,000 in November, and the unemployment rate edged down to 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care and government. Employment also increased in manufacturing, reflecting the return of workers from a strike. Employment in retail trade declined."

"In November, health care added 77,000 jobs, above the average monthly gain of 54,000 over the prior 12 months. Over the month, job gains continued in ambulatory health care services (+36,000), hospitals (+24,000), and nursing and residential care facilities (+17,000)."

"Government employment increased by 49,000 in November, in line with the average monthly gain of 55,000 over the prior 12 months. Employment continued to trend up in local government (+32,000) and state government (+17,000) over the month."

"Employment in manufacturing rose by 28,000 in November, reflecting an increase of 30,000 in motor vehicles and parts as workers returned from a strike. Employment in manufacturing has shown little net change over the year"

So, it was 49K govt workers hired, 30K returning from strikes and a bunch of nurses? Yeah, I'm impressed.

You understand that on a month to month basis, Trump was lauded for a BOOMING ECONOMY that was a fraction of this, right?

[Anonymous]

Inflation still not at levels equal or below when Biden entered office

[Anonymous]

Anonymous wrote:Inflation still not at levels equal or below when Biden entered office

Inflation was going to run it's course in the short term at the pace it has regardless of who the sitting president is. Nothing Biden has done has significantly helped or hurt in our battle to bring inflation down since he took office.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Inflation still not at levels equal or below when Biden entered office

Inflation was going to run it's course in the short term at the pace it has regardless of who the sitting president is. Nothing Biden has done has significantly helped or hurt in our battle to bring inflation down since he took office.

Disagree. If Trump was in office he would have meddled with the Fed or removed Powell. He doesn’t have the patience to allow those smarter than him, with subject matter expertise, do their jobs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:A great month for the economy:

Inflation down to 3.1%

199k jobs added

Unemployment down to 3.7%

Real average hourly wages up .2%

Real weekly earning up .5%

199K jobs added,

https://www.bls.gov/news.release/pdf/empsit.pdf

"Total nonfarm payroll employment increased by 199,000 in November, and the unemployment rate edged down to 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care and government. Employment also increased in manufacturing, reflecting the return of workers from a strike. Employment in retail trade declined."

"In November, health care added 77,000 jobs, above the average monthly gain of 54,000 over the prior 12 months. Over the month, job gains continued in ambulatory health care services (+36,000), hospitals (+24,000), and nursing and residential care facilities (+17,000)."

"Government employment increased by 49,000 in November, in line with the average monthly gain of 55,000 over the prior 12 months. Employment continued to trend up in local government (+32,000) and state government (+17,000) over the month."

"Employment in manufacturing rose by 28,000 in November, reflecting an increase of 30,000 in motor vehicles and parts as workers returned from a strike. Employment in manufacturing has shown little net change over the year"

So, it was 49K govt workers hired, 30K returning from strikes and a bunch of nurses? Yeah, I'm impressed.

You understand that on a month to month basis, Trump was lauded for a BOOMING ECONOMY that was a fraction of this, right?

People cannot admit to themselves that the mainstream media is pro GOP; they certainly will not admit what you say, even though you are correct.

[Anonymous]

Thanks Robin Ware!

[Anonymous]

Anonymous wrote:Thanks Robin Ware!

Yes, rents are down significantly after the spike during the pandemic and in the year following. And do you want inflation to subside or not? The interest rate hikes are what have accomplished that.

[Anonymous]

Anonymous wrote:Thanks Robin Ware!

https://www.businesswire.com/news/home/20231213009828/en/The-Tide-Turns-for-Renters-as-Asking-Rents-Post-Biggest-Decline-in-Over-3-Years?utm_campaign=shareaholic&utm_medium=twitter&utm_source=socialnetwork