Biden’s economy

[Anonymous]

Anonymous wrote:I'm loving seeing the receipts being brought.

ACTUAL DATA instead of bogus right wing talking points.

Prices and inflation are up, as is the unemployment rate.

[Anonymous]

Anonymous wrote:The insane trend continues…

In just May, 414,000 immigrants (legal and illegal) gained a job. Meanwhile, 663,000 native-born Americans LOST their job.

Since pre-Covid, native born workers have actually LOST ~2 million jobs. All of the net job gains are immigrants.

[Anonymous]

Wut?

[Anonymous]

Wage suppression through immigration is the entirety of the Biden administration’s anti inflation strategy.

[Anonymous]

They can’t figure out why in this “great economy” voters say things are bad.

Our political economy is designed to do well for the top 15% and to give the lions share of gains to the top 1% while most of the left center elite looks to lower living standards for the majority.

[Anonymous]

Anonymous wrote:Wage suppression through immigration is the entirety of the Biden administration’s anti inflation strategy.

The bill called the Inflation Reduction Act actually has been successful in keeping inflation in the US lower than per countries globally.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Wage suppression through immigration is the entirety of the Biden administration’s anti inflation strategy.

The bill called the Inflation Reduction Act actually has been successful in keeping inflation in the US lower than per countries globally.

You can’t be serious. Even liberal institutes like the Brookings Institute have acknowledged the act increased inflation.

[Anonymous]

Anonymous wrote:They can’t figure out why in this “great economy” voters say things are bad.

Our political economy is designed to do well for the top 15% and to give the lions share of gains to the top 1% while most of the left center elite looks to lower living standards for the majority.

That is why the democrats have more social safety net programs, more tax reduction for lower and middle classes and more child and other tax credits for middle and lower incomes?

Because what you are describing is exactly what the GOP did in 2017 by passing a massive upper class tax cut and sticking the country with a 25% increase in the national debt.

[Anonymous]

Anonymous wrote:Wut?

Funny, I can think of like 20 places in Manhatten to get a $5 ice cream cone. I can also think of about a thousand places to get a pint of Ben and Jerrys there for under $6.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm loving seeing the receipts being brought.

ACTUAL DATA instead of bogus right wing talking points.

Prices and inflation are up, as is the unemployment rate.

As are wages.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Wage suppression through immigration is the entirety of the Biden administration’s anti inflation strategy.

The bill called the Inflation Reduction Act actually has been successful in keeping inflation in the US lower than per countries globally.

You can’t be serious. Even liberal institutes like the Brookings Institute have acknowledged the act increased inflation.

Inflation has not increased since the IRA was passed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Wage suppression through immigration is the entirety of the Biden administration’s anti inflation strategy.

The bill called the Inflation Reduction Act actually has been successful in keeping inflation in the US lower than per countries globally.

You can’t be serious. Even liberal institutes like the Brookings Institute have acknowledged the act increased inflation.

Inflation has not increased since the IRA was passed.

Prices are still UP, not down, and that’s what’s impacting his abysmal approval ratings, not the inflation rate/

As for the act: AP news reported

“I can’t think of any mechanism by which it would have brought down inflation to date,” said Harvard University economist Jason Furman.

…

Alex Arnon, an economic and budget analyst for the University of Pennsylvania’s Penn Wharton Budget Model, offers a similar assessment.

“We can say with pretty strong confidence that it was mostly other factors that have brought inflation down,’’ he said. “The IRA has just not been a significant factor.’’

When the Inflation Reduction Act was proposed, the Congressional Budget Office said its impact on inflation would be “negligible.”

…
“I wish I hadn’t called it that because it has less to do with reducing inflation than it has to do with providing alternatives that generate economic growth,” Biden said.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Wut?

Funny, I can think of like 20 places in Manhatten to get a $5 ice cream cone. I can also think of about a thousand places to get a pint of Ben and Jerrys there for under $6.

Most them are, this why I am not buying from ICE CREAM tucks, they got smart and they are now charging they want. Today at the parade event they wanted $10 per a Coke Float. we went else to Wawa paid $5 per milk shake.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Wut?

Funny, I can think of like 20 places in Manhatten to get a $5 ice cream cone. I can also think of about a thousand places to get a pint of Ben and Jerrys there for under $6.

Most them are, this why I am not buying from ICE CREAM tucks, they got smart and they are now charging they want. Today at the parade event they wanted $10 per a Coke Float. we went else to Wawa paid $5 per milk shake.

Of course. This is the rational response. Don’t patronize places that overcharge. Go elsewhere. They charge these prices because people are willing to pay them.

Ridiculous to shake your fist at the president and demand he intervene in the private market.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Wage suppression through immigration is the entirety of the Biden administration’s anti inflation strategy.

The bill called the Inflation Reduction Act actually has been successful in keeping inflation in the US lower than per countries globally.

You can’t be serious. Even liberal institutes like the Brookings Institute have acknowledged the act increased inflation.

Inflation has not increased since the IRA was passed.

Prices are still UP, not down, and that’s what’s impacting his abysmal approval ratings, not the inflation rate/

As for the act: AP news reported

“I can’t think of any mechanism by which it would have brought down inflation to date,” said Harvard University economist Jason Furman.

…

Alex Arnon, an economic and budget analyst for the University of Pennsylvania’s Penn Wharton Budget Model, offers a similar assessment.

“We can say with pretty strong confidence that it was mostly other factors that have brought inflation down,’’ he said. “The IRA has just not been a significant factor.’’

When the Inflation Reduction Act was proposed, the Congressional Budget Office said its impact on inflation would be “negligible.”

…
“I wish I hadn’t called it that because it has less to do with reducing inflation than it has to do with providing alternatives that generate economic growth,” Biden said.

Look at the corresponding record corporate profits. It isn't inflation, it is price gauging.

Unless you want a president to become an authoritarian and have a socialistic government where the president sets retail prices, then I am not sure what you want Biden to do about it?