Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

The economy is great as long as you think the death of the American dream is acceptable.

https://www.bankrate.com/real-estate/home-affordability-in-current-housing-market-study/

Interesting because the number of new businesses formed in the US has been up significantly.

https://www.commerceinstitute.com/new-businesses-started-every-year/

On average, there are 4.7 million businesses started every year.

Under Biden, it is over 5.3 Million.

That isn't the death of the American Dream, now, is it?

The American Dream is home ownership. It was attainable with a decent middle class job and now it isn't.

So the president sets housing prices?
The president sets mortgage rates?

No. Neither.

This is a capitalist country. So the seller can set whatever price they want. The president has nothing to do with it.

And...this president has dedicated BILLONS to new housing (that the GOP opposed) to help increase the supply of housing thus reducing the demand side of the equation.

What is the GOP plan?

The president gets blamed or credited for the economy. That's how elections have always worked.

That's not something that typically works in the GOP's advantage FWIW. The economy is surprisingly strong given the shambles that Trump left it in.

And Bush
And W Bush

The GOP track record with the US economy is abysmal, and yet their media machine manages to dupe people into believing otherwise.

Yes, because you wanted cheap housing for millions that should not actually own a house because they couldn't legitimately afford it.

The Bush administration warned over a dozen times that Fannie, Freddie and the GSEs were in trouble because they overextended themselves. This was done very publicly, all the while democrats leading up to the 2007 crisis said "there is no problem". Well, there was.

Do not try to rewrite history.

So coming back full circle, cheap housing is good...or it's bad? Or is it that the American Dream is housing that's kind of cheap--but not too cheap--and it's somehow just right for everybody?

A market in which there are no artificial inducements and supply and demand play out without government trying to decide winners and losers is good. Got it?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

The economy is great as long as you think the death of the American dream is acceptable.

https://www.bankrate.com/real-estate/home-affordability-in-current-housing-market-study/

Interesting because the number of new businesses formed in the US has been up significantly.

https://www.commerceinstitute.com/new-businesses-started-every-year/

On average, there are 4.7 million businesses started every year.

Under Biden, it is over 5.3 Million.

That isn't the death of the American Dream, now, is it?

The American Dream is home ownership. It was attainable with a decent middle class job and now it isn't.

So the president sets housing prices?
The president sets mortgage rates?

No. Neither.

This is a capitalist country. So the seller can set whatever price they want. The president has nothing to do with it.

And...this president has dedicated BILLONS to new housing (that the GOP opposed) to help increase the supply of housing thus reducing the demand side of the equation.

What is the GOP plan?

The president gets blamed or credited for the economy. That's how elections have always worked.

That's not something that typically works in the GOP's advantage FWIW. The economy is surprisingly strong given the shambles that Trump left it in.

And Bush
And W Bush

The GOP track record with the US economy is abysmal, and yet their media machine manages to dupe people into believing otherwise.

Yes, because you wanted cheap housing for millions that should not actually own a house because they couldn't legitimately afford it.

The Bush administration warned over a dozen times that Fannie, Freddie and the GSEs were in trouble because they overextended themselves. This was done very publicly, all the while democrats leading up to the 2007 crisis said "there is no problem". Well, there was.

Do not try to rewrite history.

So coming back full circle, cheap housing is good...or it's bad? Or is it that the American Dream is housing that's kind of cheap--but not too cheap--and it's somehow just right for everybody?

A market in which there are no artificial inducements and supply and demand play out without government trying to decide winners and losers is good. Got it?

Suppliers are free to price houses how they want to and for what they can get. So what's the problem with the American Dream?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

The economy is great as long as you think the death of the American dream is acceptable.

https://www.bankrate.com/real-estate/home-affordability-in-current-housing-market-study/

Interesting because the number of new businesses formed in the US has been up significantly.

https://www.commerceinstitute.com/new-businesses-started-every-year/

On average, there are 4.7 million businesses started every year.

Under Biden, it is over 5.3 Million.

That isn't the death of the American Dream, now, is it?

The American Dream is home ownership. It was attainable with a decent middle class job and now it isn't.

So the president sets housing prices?
The president sets mortgage rates?

No. Neither.

This is a capitalist country. So the seller can set whatever price they want. The president has nothing to do with it.

And...this president has dedicated BILLONS to new housing (that the GOP opposed) to help increase the supply of housing thus reducing the demand side of the equation.

What is the GOP plan?

The president gets blamed or credited for the economy. That's how elections have always worked.

That's not something that typically works in the GOP's advantage FWIW. The economy is surprisingly strong given the shambles that Trump left it in.

And Bush
And W Bush

The GOP track record with the US economy is abysmal, and yet their media machine manages to dupe people into believing otherwise.

Yes, because you wanted cheap housing for millions that should not actually own a house because they couldn't legitimately afford it.

The Bush administration warned over a dozen times that Fannie, Freddie and the GSEs were in trouble because they overextended themselves. This was done very publicly, all the while democrats leading up to the 2007 crisis said "there is no problem". Well, there was.

Do not try to rewrite history.

So coming back full circle, cheap housing is good...or it's bad? Or is it that the American Dream is housing that's kind of cheap--but not too cheap--and it's somehow just right for everybody?

I don't care about "the dream". When it cracks up and goes boom, everyone gets hurt and it takes a decade to unravel. It's nonsense.

Same thing with health insurance. It's as expensive as hell today because the government made a bunch of edicts and no those employed are paying for those who aren't. Health insurance and health care are close to the price of a mortgage now. That's not "progress".

And of course we have record profits. What did you think would happen when we throw billion dollar govt contracts at Pfizer and Moderna and mandate insurance plans that cover everything under the sun? We are killing ourselves slowly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

The economy is great as long as you think the death of the American dream is acceptable.

https://www.bankrate.com/real-estate/home-affordability-in-current-housing-market-study/

Interesting because the number of new businesses formed in the US has been up significantly.

https://www.commerceinstitute.com/new-businesses-started-every-year/

On average, there are 4.7 million businesses started every year.

Under Biden, it is over 5.3 Million.

That isn't the death of the American Dream, now, is it?

The American Dream is home ownership. It was attainable with a decent middle class job and now it isn't.

So the president sets housing prices?
The president sets mortgage rates?

No. Neither.

This is a capitalist country. So the seller can set whatever price they want. The president has nothing to do with it.

And...this president has dedicated BILLONS to new housing (that the GOP opposed) to help increase the supply of housing thus reducing the demand side of the equation.

What is the GOP plan?

The president gets blamed or credited for the economy. That's how elections have always worked.

That's not something that typically works in the GOP's advantage FWIW. The economy is surprisingly strong given the shambles that Trump left it in.

And Bush
And W Bush

The GOP track record with the US economy is abysmal, and yet their media machine manages to dupe people into believing otherwise.

Yes, because you wanted cheap housing for millions that should not actually own a house because they couldn't legitimately afford it.

The Bush administration warned over a dozen times that Fannie, Freddie and the GSEs were in trouble because they overextended themselves. This was done very publicly, all the while democrats leading up to the 2007 crisis said "there is no problem". Well, there was.

Do not try to rewrite history.

So coming back full circle, cheap housing is good...or it's bad? Or is it that the American Dream is housing that's kind of cheap--but not too cheap--and it's somehow just right for everybody?

Same thing with health insurance. It's as expensive as hell today because the government made a bunch of edicts and no those employed are paying for those who aren't. Health insurance and health care are close to the price of a mortgage now. That's not "progress".

There's going to be a ton of people being added to this category over the next several years (and then just keep accelerating thereafter) because of recent advances in AI and robotics. Could even be you.

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

The economy is great as long as you think the death of the American dream is acceptable.

https://www.bankrate.com/real-estate/home-affordability-in-current-housing-market-study/

Interesting because the number of new businesses formed in the US has been up significantly.

https://www.commerceinstitute.com/new-businesses-started-every-year/

On average, there are 4.7 million businesses started every year.

Under Biden, it is over 5.3 Million.

That isn't the death of the American Dream, now, is it?

The American Dream is home ownership. It was attainable with a decent middle class job and now it isn't.

So the president sets housing prices?
The president sets mortgage rates?

No. Neither.

This is a capitalist country. So the seller can set whatever price they want. The president has nothing to do with it.

And...this president has dedicated BILLONS to new housing (that the GOP opposed) to help increase the supply of housing thus reducing the demand side of the equation.

What is the GOP plan?

The president gets blamed or credited for the economy. That's how elections have always worked.

That's not something that typically works in the GOP's advantage FWIW. The economy is surprisingly strong given the shambles that Trump left it in.

And Bush
And W Bush

The GOP track record with the US economy is abysmal, and yet their media machine manages to dupe people into believing otherwise.

Yes, because you wanted cheap housing for millions that should not actually own a house because they couldn't legitimately afford it.

The Bush administration warned over a dozen times that Fannie, Freddie and the GSEs were in trouble because they overextended themselves. This was done very publicly, all the while democrats leading up to the 2007 crisis said "there is no problem". Well, there was.

Do not try to rewrite history.

So coming back full circle, cheap housing is good...or it's bad? Or is it that the American Dream is housing that's kind of cheap--but not too cheap--and it's somehow just right for everybody?

I don't care about "the dream". When it cracks up and goes boom, everyone gets hurt and it takes a decade to unravel. It's nonsense.

Same thing with health insurance. It's as expensive as hell today because the government made a bunch of edicts and no those employed are paying for those who aren't. Health insurance and health care are close to the price of a mortgage now. That's not "progress".

And of course we have record profits. What did you think would happen when we throw billion dollar govt contracts at Pfizer and Moderna and mandate insurance plans that cover everything under the sun? We are killing ourselves slowly.

The health insurance/healthcare market was on the verge of when the ACA was passed. We averted a calamity when the Congress passed it. Is it perfect? of course not, But since the GOp has been trying to undermine it, rather than fix it, we are, where we are.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

The economy is great as long as you think the death of the American dream is acceptable.

https://www.bankrate.com/real-estate/home-affordability-in-current-housing-market-study/

Interesting because the number of new businesses formed in the US has been up significantly.

https://www.commerceinstitute.com/new-businesses-started-every-year/

On average, there are 4.7 million businesses started every year.

Under Biden, it is over 5.3 Million.

That isn't the death of the American Dream, now, is it?

The American Dream is home ownership. It was attainable with a decent middle class job and now it isn't.

So the president sets housing prices?
The president sets mortgage rates?

No. Neither.

This is a capitalist country. So the seller can set whatever price they want. The president has nothing to do with it.

And...this president has dedicated BILLONS to new housing (that the GOP opposed) to help increase the supply of housing thus reducing the demand side of the equation.

What is the GOP plan?

The president gets blamed or credited for the economy. That's how elections have always worked.

That's not something that typically works in the GOP's advantage FWIW. The economy is surprisingly strong given the shambles that Trump left it in.

And Bush
And W Bush

The GOP track record with the US economy is abysmal, and yet their media machine manages to dupe people into believing otherwise.

Yes, because you wanted cheap housing for millions that should not actually own a house because they couldn't legitimately afford it.

The Bush administration warned over a dozen times that Fannie, Freddie and the GSEs were in trouble because they overextended themselves. This was done very publicly, all the while democrats leading up to the 2007 crisis said "there is no problem". Well, there was.

Do not try to rewrite history.

So coming back full circle, cheap housing is good...or it's bad? Or is it that the American Dream is housing that's kind of cheap--but not too cheap--and it's somehow just right for everybody?

I don't care about "the dream". When it cracks up and goes boom, everyone gets hurt and it takes a decade to unravel. It's nonsense.

Same thing with health insurance. It's as expensive as hell today because the government made a bunch of edicts and no those employed are paying for those who aren't. Health insurance and health care are close to the price of a mortgage now. That's not "progress".

And of course we have record profits. What did you think would happen when we throw billion dollar govt contracts at Pfizer and Moderna and mandate insurance plans that cover everything under the sun? We are killing ourselves slowly.

We also have record profits because corporations used "covid" and "supply chains" to artificially raise prices.

[Anonymous]

[Anonymous]

Inflation is up almost 20% since Biden took office. Wages are not up 20% over that time frame. Inflation getting worse at a slower rate is not going to appease voters

[Anonymous]

Anonymous wrote:Inflation is up almost 20% since Biden took office. Wages are not up 20% over that time frame. Inflation getting worse at a slower rate is not going to appease voters

And yet the U.S. has had a better outcome than any other developed economy coming out of COVID. Did you want a recovery or did you want 6 years of malaise due to lack of investment as was the case after the Great Recession? You can't have both.

[Anonymous]

Anonymous wrote:Inflation is up almost 20% since Biden took office. Wages are not up 20% over that time frame. Inflation getting worse at a slower rate is not going to appease voters

Right, because in the same pattern that always happens, the Democrat inherited an economic disaster from their Republican predecessor and spends their first term being an adult and cleaning up the mess the GOP children/drunken sailors left behind.

It took Biden a little while to get Trump's economic meltdown under control, but now that he firmly has the reins we're steadily improving with wages outpacing inflation for the last several quarters. Biden has set us on a fantastic economic course on a trajectory that has been better than basically any other country in the world.

Sorry he didn't wave a magic wand and fix everything day 1, but that's a ridiculous standard to hold him or any President to. He had to do what he could with the economy he was given, and realistically he has been doing about as good a job as humanly possible. Judging by your ignorant post many voters clearly do not understand this, but your economic illiteracy does not change reality or negate Biden's monumental accomplishments.

[Anonymous]

Anonymous wrote:Inflation is up almost 20% since Biden took office. Wages are not up 20% over that time frame. Inflation getting worse at a slower rate is not going to appease voters

Again: would you like the government to mandate wages for all? The GOP is pretty hostile to protections for workers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Inflation is up almost 20% since Biden took office. Wages are not up 20% over that time frame. Inflation getting worse at a slower rate is not going to appease voters

Again: would you like the government to mandate wages for all? The GOP is pretty hostile to protections for workers.

Different poster, but no, I'd like the federal government to practice sound fiscal policy, like not running $2T deficits under a growing economy. That will help tame inflation, and wages won't need to be artificially set to catch up.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Inflation is up almost 20% since Biden took office. Wages are not up 20% over that time frame. Inflation getting worse at a slower rate is not going to appease voters

Right, because in the same pattern that always happens, the Democrat inherited an economic disaster from their Republican predecessor and spends their first term being an adult and cleaning up the mess the GOP children/drunken sailors left behind.

It took Biden a little while to get Trump's economic meltdown under control, but now that he firmly has the reins we're steadily improving with wages outpacing inflation for the last several quarters. Biden has set us on a fantastic economic course on a trajectory that has been better than basically any other country in the world.

Sorry he didn't wave a magic wand and fix everything day 1, but that's a ridiculous standard to hold him or any President to. He had to do what he could with the economy he was given, and realistically he has been doing about as good a job as humanly possible. Judging by your ignorant post many voters clearly do not understand this, but your economic illiteracy does not change reality or negate Biden's monumental accomplishments.

Your blindfolded. The Economy under Trump Pre-Pandemic was very good. Unemployment like 3.7% with a ton more participation, Things did not outrage you the way they do now with respect to what they cost. The balance of wages vs what things cost was MUCH better. The average person today doesnt feel the 5% wage increases they've picked up when everything costs 20% more in 3 years!
And we can safely assume had a Democrat been in power when the Pandemic started, we wouldve been worse off economically with even more shutdowns, lockdowns and isolation. Remember when Democrats called it Racist when flights from China were banned? So therefore Democrats wouldve allowed those, but Covid wouldve been handled better? Bullshit and you know it. Democrats had plenty of time to prove how they handled Covid by keeping schools and events closed after Biden became President or comparing Democrat areas vs Republican areas side by side.

[Anonymous]

and yes, it's You're Blindfolded.