Biden’s economy

[Anonymous]

Anonymous wrote:Again, the president sets private sector prices?

He does set inflation prices. He can veto all spending increase.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Again, the president sets private sector prices?

It’s Bidenomics! Swing big and you own it.

What would Trump do?

You need to turbocharge the private sector and cut the government

Cut regulations, throw illegal DEI and the Carbon hoax out the window. Cut taxes. Cut government spending 10 percent across the board. Drill baby Drill. Take the clamps off doctors and hospitals to charge foreigners out the nose when they escape socialized medicine regimes for heart, cancer, MRIs, joint replacements. Lower taxes and ease entry for wealthy people. Cut off the border and deport illegals. Charge NATO double and make it a profit center. Force new regulations of any kind to only be approved by Congress.

Be the most radically free country to make money in and suck the business away from the more regulated countries.

[Anonymous]

^^^ otherwise there is going to be a horrendous economic future.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Again, the president sets private sector prices?

It’s Bidenomics! Swing big and you own it.

What would Trump do?

You need to turbocharge the private sector and cut the government

Cut regulations, throw illegal DEI and the Carbon hoax out the window. Cut taxes. Cut government spending 10 percent across the board. Drill baby Drill. Take the clamps off doctors and hospitals to charge foreigners out the nose when they escape socialized medicine regimes for heart, cancer, MRIs, joint replacements. Lower taxes and ease entry for wealthy people. Cut off the border and deport illegals. Charge NATO double and make it a profit center. Force new regulations of any kind to only be approved by Congress.

Be the most radically free country to make money in and suck the business away from the more regulated countries.

this would help the countries oligarchs, but not the common man. unemployment is already extremely low. lower taxes will give ordinary employees even more precarious lives. but I guess you are an oligarch who wants to hang with the russian baddies.

[Anonymous]

While CPI inflation is at 3.1%, inflation is much higher in many basic necessities:

1. Car Insurance Inflation: 20.6%
2. Transportation Inflation: 9.5%
3. Hospital Services Inflation: 6.7%
4. Car Repair Inflation: 6.5%
5. Homeowner Inflation: 6.2%
6. Rent Inflation: 6.1%
7. Food Away From Home Inflation: 5.1%

Both Core CPI and headline CPI came in hotter than expectations.

This is second straight month with both readings being hotter than expected.

Markets have priced-out two interest rate cuts in 2024 over the last 6 weeks.

Affordability is still getting worse

[Anonymous]

Basic realism lacking from this discussion:

The economic recovery after Covid had shut down the global economy was either going to be inflationary or it wasn’t going to be a robust recovery. Those were the either/or alternatives. Big recovery with no inflation was not an option.

Weak recovery with inflation was the baseline expectation of economists, and because they are mostly a$$holes who worship capitalists, most economists were giddy to intentionally cause a recession that would close small businesses, lose millions of jobs, and force wages down, all to save us from the horror of temporary inflation.

Biden chose economic growth, job creation, and wage increases, which left us with mild inflation until the economy figured out how to be efficient again.

If he had done what all the trolls say he should have done, we would have had a recession, thousands more failed businesses, millions fewer jobs, and lower salaries and wages.

[Anonymous]

Anonymous wrote:While CPI inflation is at 3.1%, inflation is much higher in many basic necessities:

1. Car Insurance Inflation: 20.6%
2. Transportation Inflation: 9.5%
3. Hospital Services Inflation: 6.7%
4. Car Repair Inflation: 6.5%
5. Homeowner Inflation: 6.2%
6. Rent Inflation: 6.1%
7. Food Away From Home Inflation: 5.1%

Both Core CPI and headline CPI came in hotter than expectations.

This is second straight month with both readings being hotter than expected.

Markets have priced-out two interest rate cuts in 2024 over the last 6 weeks.

Affordability is still getting worse

So you want the government to regulate and set the prices for these things? I thought we liked and valued capitalsim?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Again, the president sets private sector prices?

He does set inflation prices. He can veto all spending increase.

If the spending increases were responsible, then inflation would be worse in the US than other countries. In fact, the opposite is true.

Try again.

[Anonymous]

Anonymous wrote:Thanks to Bidebomics prices are in the rise again. Consumer prices skyrocketed up a whopping 3.1% in January.
https://finance.yahoo.com/news/inflation-consumer-prices-rise-31-in-january-defying-forecasts-for-a-faster-slowdown-133334607.html

Thor Biden regime has been bumbling and stumbling for Dementia Joes entire term, and the economy isn’t stable because of it.

However if you are a defense lobbyist you’re going to be rich as the senate approves a 95 billion dollar aid package for Ukraine and Israel . This shows how out of touch the Democrat controlled senate is, we could use that money here to help people struggling with the terrible economy.

Or, you could look at the chart posted at 10:51 above and see this is an echo from the initial inflation shock that will subside over the course of the year before prices are reset again next year, when it will shock again.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Again, the president sets private sector prices?

It’s Bidenomics! Swing big and you own it.

What would Trump do?

You need to turbocharge the private sector and cut the government

Cut regulations, throw illegal DEI and the Carbon hoax out the window. Cut taxes. Cut government spending 10 percent across the board. Drill baby Drill. Take the clamps off doctors and hospitals to charge foreigners out the nose when they escape socialized medicine regimes for heart, cancer, MRIs, joint replacements. Lower taxes and ease entry for wealthy people. Cut off the border and deport illegals. Charge NATO double and make it a profit center. Force new regulations of any kind to only be approved by Congress.

Be the most radically free country to make money in and suck the business away from the more regulated countries.

this would help the countries oligarchs, but not the common man. unemployment is already extremely low. lower taxes will give ordinary employees even more precarious lives. but I guess you are an oligarch who wants to hang with the russian baddies.

The size of the government needs to shrink and the private sector needs to expand rapidly or we’re going to end up eating zoo animals like Venezuela. Anything that makes that happen is what needs to be done.

So what government would you cut? Specifically? Because most of what government I see are 1 or 2 government employees managing contracts for thousands of beltway bandit firms who are making more than if those employees would just be working for the government directly. Reagan really created a whole cottage industry of "government consultants"

[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.

What we have in the white house right now is the most competent economic leader in the world. GDP, unemployment, job growth and yes, tamping inflation are the best in the US as compared to anywhere else. What more "competence" do you want to see? What d you know that the White House, Treasury Department and Fed don't know? What would you be doing differently? Be specific.

[Anonymous]

The trend is in the right direction.

[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.

What we have in the white house right now is the most competent economic leader in the world. GDP, unemployment, job growth and yes, tamping inflation are the best in the US as compared to anywhere else. What more "competence" do you want to see? What d you know that the White House, Treasury Department and Fed don't know? What would you be doing differently? Be specific.

Just, you know, vibes man.

[Anonymous]

Anonymous wrote:

The trend is in the right direction.

+1 Also forecasted increases in supply are going to tamp down rent inflation.

[Anonymous]

Anonymous wrote:Basic realism lacking from this discussion:

The economic recovery after Covid had shut down the global economy was either going to be inflationary or it wasn’t going to be a robust recovery. Those were the either/or alternatives. Big recovery with no inflation was not an option.

Weak recovery with inflation was the baseline expectation of economists, and because they are mostly a$$holes who worship capitalists, most economists were giddy to intentionally cause a recession that would close small businesses, lose millions of jobs, and force wages down, all to save us from the horror of temporary inflation.

Biden chose economic growth, job creation, and wage increases, which left us with mild inflation until the economy figured out how to be efficient again.

If he had done what all the trolls say he should have done, we would have had a recession, thousands more failed businesses, millions fewer jobs, and lower salaries and wages.

This might be the dumbest, most callow post, ever. IF he had an understanding of the importance of productivity and the private sector, he could have had a great economy that rocketed out of a forced downturn with inflation under much greater control.