Biden’s economy

Anonymous
Anonymous
Biden (*after removing Covid recovery*) has had more job creation per month than any President in history.

Biden economy is excellent. Don’t f** it up people by voting for TFG.
Anonymous
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Bidenomics hitting full stride. Your wages go up 10%. But, the cost of everything you have to buy is up 30%. C'mon man, why are you all not happy about that?

https://www.marketwatch.com/story/goldman-ceo-people-living-paycheck-to-paycheck-are-cutting-back-even-more-a5863b3d?mod=home-page

David Solomon also predicted we’d have a recession last year.
https://finance.yahoo.com/news/goldman-sachs-boss-ceo-david-solomon-recession-stocks-212005178.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAALEynHx6IsVNmTZXlAoZ4rw8qOTSsXMyBsNuCo5BKb4_vfwLlZ-fzlUnKsodsddb7Z3nsUOQI57tNeheaKzHpi7h-p_qaX3VmRXj48mpQyl9dfjKnWypjV-pXer6obkfKJXOTGrtg7Mk4_m-RO7jp9XMSkSeiEH-Ldci6Sxp5v7Z


Democrats kind of changed the very definition of recession, correct?

What
Anonymous
Anonymous wrote:

What I want to hear from the New York Times is some more gloom and doom about Biden on this. I just don’t think we’ve gotten enough of that lately.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Thanks, Joe. Bidenomics in action.




Please describe the specific steps a president can take to control food prices in a capitalist society.


Not a damn thing - which is why democracy is useless in a capitalist regime.


The word regime is not applicable to the United States.
Anonymous
Times/Siena poll -“more than half of all black and Hispanic respondents rank current economic conditions as “poor,” while 26% of blacks and 37% of Hispanics say they will vote for Mr. Trump because his policies benefited them personally.” - WSJ
Anonymous
Anonymous wrote:Times/Siena poll -“more than half of all black and Hispanic respondents rank current economic conditions as “poor,” while 26% of blacks and 37% of Hispanics say they will vote for Mr. Trump because his policies benefited them personally.” - WSJ


those numbers are irrelevant given the cross tabs, but keep posting this ridiculous survey to boost your ego.
Anonymous
Anonymous wrote:


A lot of this is tied to Boomers leaving the work force. It was always going to be (1) inflationary, (2) create new jobs, and (3) open up higher salaried positions for folks further down the workforce.

There has not been nearly enough research or discussion about the long term economic impacts of the retirement of the Boomers. Instead of leaving the work force slowly, COVID pulled millions out at the same time. This has allowed salaries to rise and people to move up the ladder in terms of job quality in order to backfill. It's still accelerating!

The Boomers retiring is going to re-shape the economy.
Anonymous
Oof, inflation in CA is higher than pre-pandemic
https://calmatters.org/economy/2024/03/california-inflation/

Grocery prices rising still
https://www.newschannel5.com/news/shoppers-face-grocery-price-hikes-despite-inflation-slowdown

Americans spending more on food costs than ever in the last three decades

https://www.cbsnews.com/amp/news/inflation-consumer-spending-food-and-restaurants-disposable-income-2024/


Record number of Americans can’t afford rent

https://apnews.com/article/affordable-housing-rent-eviction-price-harvard-congress-f5411012e10fa78d0257c137e60c1be3


Talk of massive recession looming in April/May time frame

https://markets.businessinsider.com/news/stocks/stock-market-outlook-crash-spx-berg-recession-speculation-nvidia-short-2024-3

Hold onto your hats folks, with half of Americans not being able to afford housing and the housing market essentially dead it’s not long before we see a huge downturn. Thanks to Bidenomics we have more Americans in debt than ever before, high food costs and half if Americans are late or can’t pay rent.
Anonymous
Anonymous wrote:Oof, inflation in CA is higher than pre-pandemic
https://calmatters.org/economy/2024/03/california-inflation/

Grocery prices rising still
https://www.newschannel5.com/news/shoppers-face-grocery-price-hikes-despite-inflation-slowdown

Americans spending more on food costs than ever in the last three decades

https://www.cbsnews.com/amp/news/inflation-consumer-spending-food-and-restaurants-disposable-income-2024/


Record number of Americans can’t afford rent

https://apnews.com/article/affordable-housing-rent-eviction-price-harvard-congress-f5411012e10fa78d0257c137e60c1be3


Talk of massive recession looming in April/May time frame

https://markets.businessinsider.com/news/stocks/stock-market-outlook-crash-spx-berg-recession-speculation-nvidia-short-2024-3

Hold onto your hats folks, with half of Americans not being able to afford housing and the housing market essentially dead it’s not long before we see a huge downturn. Thanks to Bidenomics we have more Americans in debt than ever before, high food costs and half if Americans are late or can’t pay rent.


LOL, sure.

These prediction have been EXACTLY the same for the past 3 years. None of them came true. Keep hoping though, we know y'all root against America.
Anonymous
Anonymous wrote:Oof, inflation in CA is higher than pre-pandemic
https://calmatters.org/economy/2024/03/california-inflation/

Grocery prices rising still
https://www.newschannel5.com/news/shoppers-face-grocery-price-hikes-despite-inflation-slowdown

Americans spending more on food costs than ever in the last three decades

https://www.cbsnews.com/amp/news/inflation-consumer-spending-food-and-restaurants-disposable-income-2024/


Record number of Americans can’t afford rent

https://apnews.com/article/affordable-housing-rent-eviction-price-harvard-congress-f5411012e10fa78d0257c137e60c1be3


Talk of massive recession looming in April/May time frame

https://markets.businessinsider.com/news/stocks/stock-market-outlook-crash-spx-berg-recession-speculation-nvidia-short-2024-3

Hold onto your hats folks, with half of Americans not being able to afford housing and the housing market essentially dead it’s not long before we see a huge downturn. Thanks to Bidenomics we have more Americans in debt than ever before, high food costs and half if Americans are late or can’t pay rent.


When housing is restricted (see NIMBYs fighting new development at every turn) the housing costs continue to rise. That is your housing inflation.
And the food costs are directly tied to what food producers and grocery stores charge. Both sectors are reported record profits - that is your food inflation.

What can government do?
Biden has provided significant funding for new housing in the form of block grants. This money is hitting the states now. The GOP uniformly voted against this funding.

The Democrats offered anti-gouging legilsation, and the GOP voted it down.

So while these things are bad, the democrats have tried to mitigate the effects and the GOP has shot it down or opposed. What is the GOP plan to fight inflation or bring housing/food costs down?
Anonymous
Imagine blaming Biden for the wealth gap caused by years of R policies.
Anonymous
Biden achieved a soft landing. His economy is amazing! Thanks Biden. Trump keeps attacking his age because it’s all he has! Every other aspect Biden has done a fantastic job.
Anonymous
this word salad from Kari Lake appears to be the GOP plan

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