It's the Economy Stoopid

[Anonymous]

Anonymous wrote:Biden is underwater on approval ratings when it comes to the economy.

I predict his numbers will only go down with his massive spending.

Oh really? Last time there was an ambitious spending program like this, the President got re-elected 3 times (FDR).
I think the reality of it is that Republicans are in full blown fearmongering hysteria mode because they know this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Biden is underwater on approval ratings when it comes to the economy.

I predict his numbers will only go down with his massive spending.

He was underwater on the economy and he still won the election. Americans still think that Republicans are better on the economy despite all available evidence over the last three decades. And Americans like spending.

+1 He got a bi-partisan infrastructure bill through the Senate. Even the GOP controlled senate with a GOP president couldn't do that.

The provisions in the reconciliation bill have 65-75% approval ratings. Sinema and Manchin may curtail it, but that won't impact Biden's ratings. He is supportive and will encourage its passage.

That is a heck of a lot better than a tax cut for the 1% and massive influx of debt, shrinking GDP and massive unemployment left by the last two GOP administrations.

[Anonymous]

Retail sales for July unexpectedly down -1.1% vs consensus at -0.3%. Thanks Joe

[Anonymous]

Anonymous wrote:Retail sales for July unexpectedly down -1.1% vs consensus at -0.3%. Thanks Joe

That is actually good for inflation. You can't have it both ways.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Retail sales for July unexpectedly down -1.1% vs consensus at -0.3%. Thanks Joe

That is actually good for inflation. You can't have it both ways.

DP. After the deflation of the past two Lost Decades, we need a lot of inflation to catch up. But maybe not all at once.

[Anonymous]

It's not inflation I'm worried about, rather deflation and stagflation is the real worry and these numbers prove it.

[Anonymous]

Anonymous wrote:It's not inflation I'm worried about, rather deflation and stagflation is the real worry and these numbers prove it.

Where have you been for the past two decades?

[Anonymous]

Anonymous wrote:It's not inflation I'm worried about, rather deflation and stagflation is the real worry and these numbers prove it.

You do know that "-flation" in stagflation represents inflation, right?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Biden is underwater on approval ratings when it comes to the economy.

I predict his numbers will only go down with his massive spending.

Oh really? Last time there was an ambitious spending program like this, the President got re-elected 3 times (FDR).
I think the reality of it is that Republicans are in full blown fearmongering hysteria mode because they know this.

Hmm.

Let's be strictly fair here. Biden's approval ratings have fallen. I never believed the higher levels at the onset as the high figures were from pollsters that gave him much higher than actual results polling during the election. But nonetheless, his approval has still declined and is now dipping below 50% in several key polls.

I'm not quite sure why people are surprised. Did anyone really think Biden would enjoy broad bipartisan support and goodwill after the scorched earth election last year? It was the most divisive election in our lifetimes and Biden's governing since then has not been to the center but to the left and he has not offered anything conciliatory towards the voters who didn't support him.

His decline is primarily among independents as well as disappointed Democrats who think he hasn't somehow governed to the left enough. The latter are irrelevant, but the independents are the worrying factor, especially as the Biden administration is rapidly developing a reputation for decidedly not competent governing - re the near collapse of any meaningful enforcement along the border, seemingly indifference to inflationary concerns, a VP that was too blatantly obviously a token pick rather than anyone capable and who shows it daily, astonishing spending levels in the trillions, and the abysmal withdrawal from Afghanistan. Biden's selling point was that he would offer competence and stability after the Trump circus, but it'd be rather ironic if he turned out to be more incompetent than Trump who, for most of his tenure pre pandemic, oversaw an America as well as a foreign policy that was more stable than not.

[Anonymous]

I don’t pay a lot of attention to the stock market but I have a 100% stock based mutual fund. I just looked and I’m earning 9.02% and I’ve made more than $25k since January. Biden is way better for the stock market than Trump.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Biden is underwater on approval ratings when it comes to the economy.

I predict his numbers will only go down with his massive spending.

Oh really? Last time there was an ambitious spending program like this, the President got re-elected 3 times (FDR).
I think the reality of it is that Republicans are in full blown fearmongering hysteria mode because they know this.

When FDR took office there was 25% unemployment, no social security, no federal welfare, and no deposit insurance. Today's situation is not comparable in the least.

[Anonymous]

No worries everyone.

[twitter]https://twitter.com/zerohedge/status/1433040768600580104?s=19
[/twitter]

[Anonymous]

It just means there is more impetus for the reconcilation bill to get the jobs going and also quells inflation fears.

[Anonymous]

[Anonymous]

Anonymous wrote:I don’t pay a lot of attention to the stock market but I have a 100% stock based mutual fund. I just looked and I’m earning 9.02% and I’ve made more than $25k since January. Biden is way better for the stock market than Trump.

+1000 my portfolio has been doing quite well.

MSM meanwhile still didn't learn their lesson from the Clinton Email days and are probably going to stupidly tank a lot of midterm Dem campaigns with their half baked hysteria.