Biden’s economy

[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.

Given the damage done by the last three republican presidents, and the aggregate job creation under Dem white houses versus GOP white houses, I am curious as to what you think could have been done better, and based on what set of facts?

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:

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?

Given the damage done by the last three republican presidents, and the aggregate job creation under Dem white houses versus GOP white houses, I am curious as to what you think could have been done better, and based on what set of facts?

[Anonymous]

Anonymous wrote:

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.

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?

Given the damage done by the last three republican presidents, and the aggregate job creation under Dem white houses versus GOP white houses, I am curious as to what you think could have been done better, and based on what set of facts?

Given the way the media plumps for the GOP - remember the ecstasies the “mainstream” media went through with Trump’s economy? - pp could be forgiven for his ignorance.

[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.

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.

DP... actually a lot of this did in fact happen. But more unwittingly and carelessly as opposed to intentionally.

[Anonymous]

Another day, another bad report as retail sales tanked in January (-0.8%) compared to estimates (0.1%). Bidenomics is working!

[Anonymous]

Anonymous wrote:Another day, another bad report as retail sales tanked in January (-0.8%) compared to estimates (0.1%). Bidenomics is working!

That is actually good for the inflation issue.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Another day, another bad report as retail sales tanked in January (-0.8%) compared to estimates (0.1%). Bidenomics is working!

That is actually good for the inflation issue.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Another day, another bad report as retail sales tanked in January (-0.8%) compared to estimates (0.1%). Bidenomics is working!

That is actually good for the inflation issue.

OMG we had 3.3% GDP growth last quarter but do go on about “stagflation.” 🤪

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Another day, another bad report as retail sales tanked in January (-0.8%) compared to estimates (0.1%). Bidenomics is working!

That is actually good for the inflation issue.

It was January. The seasonal adjustments for January economic stats are often either over adjusted or under adjusted. Weather and other variables make a difference. Also retail sales in stores have plunged in general since the Pandemic so I don’t know how accurate the seasonal adjustment based on historical data could be.

[Anonymous]

$20/barrel benefit to US taxpayers

[Anonymous]

Anonymous wrote:

Anonymous wrote:Another day, another bad report as retail sales tanked in January (-0.8%) compared to estimates (0.1%). Bidenomics is working!

That is actually good for the inflation issue.

Yet another day, another bad report contradicting your statement. Core PPI YOY came in higher (2%) than consensus (1.6%). Not good for inflation

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Another day, another bad report as retail sales tanked in January (-0.8%) compared to estimates (0.1%). Bidenomics is working!

That is actually good for the inflation issue.

Yet another day, another bad report contradicting your statement. Core PPI YOY came in higher (2%) than consensus (1.6%). Not good for inflation

But good for the Fed and the stock market.

Look, as was posted, you have to take the long view. The month to month is noise.

[Anonymous]

When the GOP shuts the government down and crashes the US economy, are you all going to blame Biden?

At what point will the GOP held to the standard of traitorous activity? Because there is no other way to look at their actions at this juncture.

[Anonymous]

Anonymous wrote:When the GOP shuts the government down and crashes the US economy, are you all going to blame Biden?

At what point will the GOP held to the standard of traitorous activity? Because there is no other way to look at their actions at this juncture.

Not until we vote them out and vote in Democrats in such comfortable margins that it’s clear that people understand what traitors the GOP is.

[Anonymous]