Biden’s economy

[Anonymous]

Bro save it!!!! we have the best economy in the world!!! who cares about inflation....we will just print more and give more handouts...as if the student loan forgiveness has no effect. LOL

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:While CPI inflation is at 3.5%, inflation is much higher in many basic necessities:

1. Car Insurance Inflation: 22.2%
2. Transportation Inflation: 10.7%
3. Car Repair Inflation: 8.2%
4. Hospital Services Inflation: 7.5%
5. Homeowner Inflation: 5.9%
6. Rent Inflation: 5.7%
7. Electricity Inflation: 5.0%
8. Food Away From Home Inflation: 4.2%

Both Core CPI and headline CPI came in hotter than expectations. This is FOURTH straight month with both readings being hotter than expected.

We now have all major inflation metrics back on the rise and oil prices are nearly $90.

Affordability is still getting worse... FOUR MORE YEARS!

What’s Trump’s solution to this?

Tariffs. It's the only thing he talks about. Of course, he doesn't understand tariffs and will simultaneously kill the stock market and raise inflation even more.

Trump is such an economic illiterate (WTF Wharton?) that he doesn’t know that his tariffs are tax increases on American consumers, no different than raising the gas tax or other excise taxes or sales taxes, except worse because tariffs blow up supply chains and incentivize retaliatory tariffs on American exports, especially agricultural products. He still thinks that China paid the tariffs on the imported goods that Americans bought from them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:While CPI inflation is at 3.5%, inflation is much higher in many basic necessities:

1. Car Insurance Inflation: 22.2%
2. Transportation Inflation: 10.7%
3. Car Repair Inflation: 8.2%
4. Hospital Services Inflation: 7.5%
5. Homeowner Inflation: 5.9%
6. Rent Inflation: 5.7%
7. Electricity Inflation: 5.0%
8. Food Away From Home Inflation: 4.2%

Both Core CPI and headline CPI came in hotter than expectations. This is FOURTH straight month with both readings being hotter than expected.

We now have all major inflation metrics back on the rise and oil prices are nearly $90.

Affordability is still getting worse... FOUR MORE YEARS!

What’s Trump’s solution to this?

Tariffs. It's the only thing he talks about. Of course, he doesn't understand tariffs and will simultaneously kill the stock market and raise inflation even more.

Trump is such an economic illiterate (WTF Wharton?) that he doesn’t know that his tariffs are tax increases on American consumers, no different than raising the gas tax or other excise taxes or sales taxes, except worse because tariffs blow up supply chains and incentivize retaliatory tariffs on American exports, especially agricultural products. He still thinks that China paid the tariffs on the imported goods that Americans bought from them.

And every time he tweets about a new tariff after his nightly fast food euphoria or while taking his morning dump, he tanks the market.

[Anonymous]

Current situation on Wall Street after the inflation report:

1. Bonds are trading like rate HIKES are coming

2. Gold is trading like rate CUTS are coming

3. Stocks are trading like the “soft landing” is gone

4. Oil prices are trading like the Fed avoided a recession

5. Housing prices are rising like interest rates are at 3%

Nothing adds up here

[Anonymous]

Biden just lied again during his short presser.

He claims that inflation was skyrocketing when he took office. WRONG!!!!

Inflation skyrocketed a year into his presidency. Because of his out of control spending. And, we are still seeing the effects of it today.

Either he is blatantly lying, or his staff is gaslighting him into believing what he says.

[Anonymous]

Anonymous wrote:Biden just lied again during his short presser.

He claims that inflation was skyrocketing when he took office. WRONG!!!!

Inflation skyrocketed a year into his presidency. Because of his out of control spending. And, we are still seeing the effects of it today.

Either he is blatantly lying, or his staff is gaslighting him into believing what he says.

US inflation was 3.4% in 2023 vs. 6.9% globally. Looks good to me.

[Anonymous]

Anonymous wrote:Biden just lied again during his short presser.

He claims that inflation was skyrocketing when he took office. WRONG!!!!

Inflation skyrocketed a year into his presidency. Because of his out of control spending. And, we are still seeing the effects of it today.

Either he is blatantly lying, or his staff is gaslighting him into believing what he says.

if the "out of control spending" caused inflation, then it wouldn't be a worldwide issue, now would it? Instead, inflation in the US is the best in the world. that doesn't make it great, but it is better than anywhere else. No, the cause of inflation was the mismanagement of covid and the resulting economic collapse and recovery THAT CAME UNDER BIDEN.

You basically have no idea what you are talking about.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Biden just lied again during his short presser.

He claims that inflation was skyrocketing when he took office. WRONG!!!!

Inflation skyrocketed a year into his presidency. Because of his out of control spending. And, we are still seeing the effects of it today.

Either he is blatantly lying, or his staff is gaslighting him into believing what he says.

US inflation was 3.4% in 2023 vs. 6.9% globally. Looks good to me.

Is it still 2023? Didn’t know that, tysm!

[Anonymous]

Anonymous wrote:Current situation on Wall Street after the inflation report:

1. Bonds are trading like rate HIKES are coming

2. Gold is trading like rate CUTS are coming

3. Stocks are trading like the “soft landing” is gone

4. Oil prices are trading like the Fed avoided a recession

5. Housing prices are rising like interest rates are at 3%

Nothing adds up here

I believe that some of these agencies are fudging the numbers in a big way.
I think things are worse than they are reporting.

Just like the employment numbers have been adjusted DOWN nearly every month since Biden has been in office.

[Anonymous]

Anonymous wrote:Biden just lied again during his short presser.

He claims that inflation was skyrocketing when he took office. WRONG!!!!

Inflation skyrocketed a year into his presidency. Because of his out of control spending. And, we are still seeing the effects of it today.

Either he is blatantly lying, or his staff is gaslighting him into believing what he says.

REALITY: Inflation has averaged 5.5% year-over-year under Biden — and averaged 1.9% under President Trump.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Biden just lied again during his short presser.

He claims that inflation was skyrocketing when he took office. WRONG!!!!

Inflation skyrocketed a year into his presidency. Because of his out of control spending. And, we are still seeing the effects of it today.

Either he is blatantly lying, or his staff is gaslighting him into believing what he says.

REALITY: Inflation has averaged 5.5% year-over-year under Biden — and averaged 1.9% under President Trump.

CPI formula is trash. The honest pre 2000 formula has the numbers almost double.

3.4 is 6.8.

That’s the reality.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Biden just lied again during his short presser.

He claims that inflation was skyrocketing when he took office. WRONG!!!!

Inflation skyrocketed a year into his presidency. Because of his out of control spending. And, we are still seeing the effects of it today.

Either he is blatantly lying, or his staff is gaslighting him into believing what he says.

REALITY: Inflation has averaged 5.5% year-over-year under Biden — and averaged 1.9% under President Trump.

1) Trump left a dumpster fire of an economy which accounts for much of that "average'
2) Trump singlehandledly raised the national debt by 25%, which left even more pressure on Biden, over and above covid.

[Anonymous]

[Anonymous]

Can't wait to see KJP wearing a Biden "win" button