Biden’s economy

[Anonymous]

Anonymous wrote:

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.

Like a parrot you’re repeating words you’ve heard, but you don’t seem to know what they mean.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Like a parrot you’re repeating words you’ve heard, but you don’t seem to know what they mean.

Good answer. A thoughtful, point by point rebuttal.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

Like a parrot you’re repeating words you’ve heard, but you don’t seem to know what they mean.

Good answer. A thoughtful, point by point rebuttal.

How much time should I waste on garbage? He’s done more for American business than about the last three presidents combined, and when the rest of the world experienced severe inflation, we didn’t. We have about the strongest economy in the world despite the GOP’s attempts to drag us down.

[Anonymous]

Anonymous wrote:

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.

Meanwhile, to contrast - Neither Trump nor his advisors had a single clue among them about the economy given its collapse on his watch.

[Anonymous]

Anonymous wrote:

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.

I don't even understand this post. The facts speak for themselves. the global economy shut down at COVD and then Biden was elected. Because of COVID, there were supply chain issues, in addition to a beginning to recover economy. Biden's policies mitigated inflation more than any other western/developed country. The job replacement and then growth was better than any other country. The GDP is better than any other country. the unemployment is better than any other country.

[Anonymous]

34 months into "transitory" inflation, it's actually going up.

Fresh CPI numbers came in at an annualized 3.7% last month. Compared to 2.8% the previous month, 1.9% the month before that, and under 1% back in October.

Spot the trend.

This keeps pressure on failing banks. Worse, it raises the prospect of a 1970's-style stagflation that could last for years.

[Anonymous]

Anonymous wrote:34 months into "transitory" inflation, it's actually going up.

Fresh CPI numbers came in at an annualized 3.7% last month. Compared to 2.8% the previous month, 1.9% the month before that, and under 1% back in October.

Spot the trend.

This keeps pressure on failing banks. Worse, it raises the prospect of a 1970's-style stagflation that could last for years.

Stop plagiarizing the lying hacks at Heritage.

[Anonymous]

Economy under Reagan, when he bragged about "Morning in America" in his Sept. 1984 reelection ad:

• 7.3% unemployment, 4.3% annual inflation

Economy under Biden today:

• 3.7% unemployment, 3.1% annual inflation

[Anonymous]

Anonymous wrote:

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.

You are clueless. The private sector broke their own supply chains, dumped their experienced employees, and emptied their warehouses during the Covid shutdown. They willfully destroyed productivity and efficiency and caused high inflation because they had to rebuild it all.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

You are clueless. The private sector broke their own supply chains, dumped their experienced employees, and emptied their warehouses during the Covid shutdown. They willfully destroyed productivity and efficiency and caused high inflation because they had to rebuild it all.

Actually, none of that happened. But good try.

[Anonymous]

Household Survey data indicates that full time employment fell by 1.6 million workers from December to January, with 31,000 less overall workers for that time period. From July 2022 to January 2024, Bidenomics only added 600,000 full time jobs in the household survey while the payroll data indicates a 5 million job expansion for the same period.

Hmm. With the considerable negative sentiment in the polling data regarding Bidenomics, I wonder which survey corresponds better to the public’s ugly mood? I would say the one that shows a lot of part time job growth and much less full time employment.

[Anonymous]

Biden is against cheap energy and for expansion for lawyers, consultants and regulatory compliance types. He loves big government which ensure big business and big consulting does best. Biden is Jamie Dimon’s best friend!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

I don't even understand this post. The facts speak for themselves. the global economy shut down at COVD and then Biden was elected. Because of COVID, there were supply chain issues, in addition to a beginning to recover economy. Biden's policies mitigated inflation more than any other western/developed country. The job replacement and then growth was better than any other country. The GDP is better than any other country. the unemployment is better than any other country.

Does that mean it is optimal for what the country could achieve or just that Biden outperforms the bad economies with the bad underlying conditions in the rest of the world?

[Anonymous]

Anonymous wrote:34 months into "transitory" inflation, it's actually going up.

Fresh CPI numbers came in at an annualized 3.7% last month. Compared to 2.8% the previous month, 1.9% the month before that, and under 1% back in October.

Spot the trend.

This keeps pressure on failing banks. Worse, it raises the prospect of a 1970's-style stagflation that could last for years.

If you look at the charts for any inflation shock, you will see follow on annual echos. What you are calling "inflation ticking up" is actually one of those echos. It has already been explained on the previous page of this particular thread. Take a look and learn something.

[Anonymous]

Anonymous wrote:Household Survey data indicates that full time employment fell by 1.6 million workers from December to January, with 31,000 less overall workers for that time period. From July 2022 to January 2024, Bidenomics only added 600,000 full time jobs in the household survey while the payroll data indicates a 5 million job expansion for the same period.

Hmm. With the considerable negative sentiment in the polling data regarding Bidenomics, I wonder which survey corresponds better to the public’s ugly mood? I would say the one that shows a lot of part time job growth and much less full time employment.

That is called "retiring boomers"