Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:we are in a Great Depresssion now.

Riiiiggghttt! Unemployment is under 4%. Incredible. At the same time, I understand that people are suffering from an affordability crisis. What worries me is that we continue to try to use pre-pandemic solutions to address a post pandemic economy. We don't really have the tools to address our housing and child care crisis.

Trump is not going to be any better. In fact, he wants tariffs and reduce immigration - 2 things that will significantly increase inflation.

I want both parties to find new solutions to improve this new economic reality. According to economists, affordability has been decreasing since Obama was President and has continued to be problem during Trump and Biden, but interest rates were so low, no one was paying attention.

I worry that once interests rates decrease, housing costs will explode again.

No, the unemployment rate just rose to 4 percent, highest in two years.

Wow, highest in 2 years of a 50 year low.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:we are in a Great Depresssion now.

Riiiiggghttt! Unemployment is under 4%. Incredible. At the same time, I understand that people are suffering from an affordability crisis. What worries me is that we continue to try to use pre-pandemic solutions to address a post pandemic economy. We don't really have the tools to address our housing and child care crisis.

Trump is not going to be any better. In fact, he wants tariffs and reduce immigration - 2 things that will significantly increase inflation.

I want both parties to find new solutions to improve this new economic reality. According to economists, affordability has been decreasing since Obama was President and has continued to be problem during Trump and Biden, but interest rates were so low, no one was paying attention.

I worry that once interests rates decrease, housing costs will explode again.

No, the unemployment rate just rose to 4 percent, highest in two years.

Should I complain that your eating fast disgusting food is increasing my health insurance?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:[youtube]

Anonymous wrote:

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?

Ridiculous argument. Corporations didn’t suddenly become more greedy when Biden became president. We are seeing a result of his policies, not price gouging, and all of this was predicted (and Biden ignored it).

Then why is inflation lower in the US than other countries?

It's not. The U.S. currently has the highest inflation of the G7 countries.

But we have the strongest economy in the G7.

[Anonymous]

Anonymous wrote:Wut?

Dear Fatass,
There is literally a 5 dollar cone at the top of that menu.
No one is forcing you to be a cow. Make better choices for your wallet and waist.
Xo

[Anonymous]

Anonymous wrote:

Anonymous wrote:Wut?

Dear Fatass,
There is literally a 5 dollar cone at the top of that menu.
No one is forcing you to be a cow. Make better choices for your wallet and waist.
Xo

the DC one won't even tell you till you ask or buy it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Wut?

Dear Fatass,
There is literally a 5 dollar cone at the top of that menu.
No one is forcing you to be a cow. Make better choices for your wallet and waist.
Xo

the DC one won't even tell you till you ask or buy it.

That is illegal, all restaurants and food trucks must post menus and prices publicly.

[Anonymous]

Anonymous wrote:Today I was talking to this lady, I told her Trump price will lower the prices of food till 2020 levels. He will do what he has to do for us. he loves helping us. and the of the day she said, "oK STOp following me to my car" I know she heard me and hope she votes for Trump

How in the world will Trump lower prices to the 2020 levels? Is he going to enact government mandated price fixing? Corporations are in for the profit. They are increase corporate, board, investor and executive profits across the board for record profits and then raising prices and blaming it on inflation. Those who are tired of rising prices, start buying alternative products so you are not paying the executives record bonuses; the investors, record dividends and share value; and the corporations record profits. Buy buying from the companies that are raising prices the most, you are supporting the inflation because you are justifying their price increases.

Trump has no tool in his bag to bring prices down. The only thing he can do, is order the Fed to drop rates. He has no control over the free market or corporate profits.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Today I was talking to this lady, I told her Trump price will lower the prices of food till 2020 levels. He will do what he has to do for us. he loves helping us. and the of the day she said, "oK STOp following me to my car" I know she heard me and hope she votes for Trump

How in the world will Trump lower prices to the 2020 levels? Is he going to enact government mandated price fixing? Corporations are in for the profit. They are increase corporate, board, investor and executive profits across the board for record profits and then raising prices and blaming it on inflation. Those who are tired of rising prices, start buying alternative products so you are not paying the executives record bonuses; the investors, record dividends and share value; and the corporations record profits. Buy buying from the companies that are raising prices the most, you are supporting the inflation because you are justifying their price increases.

Trump has no tool in his bag to bring prices down. The only thing he can do, is order the Fed to drop rates. He has no control over the free market or corporate profits.

And when Trump commands the fed to lower interest rates and cuts taxes for the wealthy, INFLATION WILL EXPLODE.

So, I wouldn’t expect a Trump win to lower grocery bills.

[Anonymous]

everyone wants tip- went to check out a drag show this weekened, and they wanted tip.... They got mad when I didn't trip any of them.
They have a DC library is having a story time, just hope they don't ask for tip.

[Anonymous]

Biden's economic policies have actually been good for working people. The message needs to get out!

[Anonymous]

Anonymous wrote:

Oh well as long as the CEOs are happy, who cares about the rest of us struggling to afford groceries...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Wut?

Dear Fatass,
There is literally a 5 dollar cone at the top of that menu.
No one is forcing you to be a cow. Make better choices for your wallet and waist.
Xo

the DC one won't even tell you till you ask or buy it.

The ice cream trucks on the National Mall are total scammers, and have been for a while now. That has absolutely zilch to do with Biden or his economy.

[Anonymous]

The Biden economy is making the world economy better. Yay Biden!

https://www.washingtonpost.com/business/2024/06/11/world-bank-us-economy/


“Globally, overall things are better today than they were just four or five months ago,” said Indermit Gill, the World Bank’s chief economist. “A big part of this has to do with the resilience of the U.S. economy.”

[Anonymous]

Anonymous wrote:Biden's economic policies have actually been good for working people. The message needs to get out!

For Dems it’s always about the messaging. It’s the messaging’s fault that groceries are so expensive and unemployment is up. Yeah right!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Biden's economic policies have actually been good for working people. The message needs to get out!

For Dems it’s always about the messaging. It’s the messaging’s fault that groceries are so expensive and unemployment is up. Yeah right!

Unemployment ticked up .01%. It is generally down at historic, sustained lows.