Biden’s economy

[Anonymous]

Anonymous wrote:

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?

A lot of people are being priced out of fast food in Biden’s economy and CA’s minimum wage edicts are making it worse there.

[Anonymous]

Anonymous wrote:

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.

Native born Americans lost 300,000 jobs last year. Keep telling yourself the economy is rocking.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Native born Americans lost 300,000 jobs last year. Keep telling yourself the economy is rocking.

Did they lose those jobs or did they retire?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

Native born Americans lost 300,000 jobs last year. Keep telling yourself the economy is rocking.

Did they lose those jobs or did they retire?

No this isn’t explained away by retirements.

NY Post “Labor Department data released Friday also showed that the unemployment rate for foreign-born workers was 3.4% versus 3.8% for native-born workers. The foreign-born labor participation rate was also more favorable at 66.2% versus 61.6% for native-born workers.”

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

Native born Americans lost 300,000 jobs last year. Keep telling yourself the economy is rocking.

Did they lose those jobs or did they retire?

No this isn’t explained away by retirements.

NY Post “Labor Department data released Friday also showed that the unemployment rate for foreign-born workers was 3.4% versus 3.8% for native-born workers. The foreign-born labor participation rate was also more favorable at 66.2% versus 61.6% for native-born workers.”

I hope African Americans are taking note. This directly affects more of their workforce.

[Anonymous]

Nothing to see here... FOUR MORE YEARS!

[Anonymous]

Anonymous wrote:Nothing to see here... FOUR MORE YEARS!

Wait, what? Are you NOW getting concerned about the debt? How come you NEVER speak up when Republicans are in the White House and blow it up? Trump's tax cuts were disastrous for the debt. Ask any economist.

https://ktvz.com/cnn-regional/2024/06/10/donald-trump-built-a-national-debt-so-big-even-before-the-pandemic-that-itll-weigh-down-the-economy-for-years/

The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.

One of President Donald Trump’s lesser known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he’s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt. The national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country. The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war. Economists agree that we needed massive deficit spending during the COVID-19 crisis to ward off an economic cataclysm, but federal finances under Trump had become dire even before the pandemic. That happened even though the economy was booming, and unemployment was at historically low levels. By the Trump administration’s own description, the pre-pandemic national debt level was already a “crisis” and a “grave threat.” The combination of Trump’s 2017 tax cut and the lack of any serious spending restraint helped both the deficit and the debt soar.

As of Dec. 31, 2020, the national debt had jumped to $27.75 trillion, up 39% from $19.95 trillion when Trump was sworn in. The government ended its 2020 fiscal year with the portion of the national debt owed to investors, the metric favored by the CBO, at around 100% of GDP. The CBO had predicted less than a year earlier that it would take until 2030 to reach that approximate level of debt.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Nothing to see here... FOUR MORE YEARS!

Wait, what? Are you NOW getting concerned about the debt? How come you NEVER speak up when Republicans are in the White House and blow it up? Trump's tax cuts were disastrous for the debt. Ask any economist.

https://ktvz.com/cnn-regional/2024/06/10/donald-trump-built-a-national-debt-so-big-even-before-the-pandemic-that-itll-weigh-down-the-economy-for-years/

The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.

One of President Donald Trump’s lesser known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he’s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt. The national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country. The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war. Economists agree that we needed massive deficit spending during the COVID-19 crisis to ward off an economic cataclysm, but federal finances under Trump had become dire even before the pandemic. That happened even though the economy was booming, and unemployment was at historically low levels. By the Trump administration’s own description, the pre-pandemic national debt level was already a “crisis” and a “grave threat.” The combination of Trump’s 2017 tax cut and the lack of any serious spending restraint helped both the deficit and the debt soar.

As of Dec. 31, 2020, the national debt had jumped to $27.75 trillion, up 39% from $19.95 trillion when Trump was sworn in. The government ended its 2020 fiscal year with the portion of the national debt owed to investors, the metric favored by the CBO, at around 100% of GDP. The CBO had predicted less than a year earlier that it would take until 2030 to reach that approximate level of debt.

Yes, people keeping more of the money THEY EARN is a disaster.

Our overlords in Washington DC who shuffle paper all GD day must decide how everyone's private property is spent for "the greater good".

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Nothing to see here... FOUR MORE YEARS!

Wait, what? Are you NOW getting concerned about the debt? How come you NEVER speak up when Republicans are in the White House and blow it up? Trump's tax cuts were disastrous for the debt. Ask any economist.

https://ktvz.com/cnn-regional/2024/06/10/donald-trump-built-a-national-debt-so-big-even-before-the-pandemic-that-itll-weigh-down-the-economy-for-years/

The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.

One of President Donald Trump’s lesser known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he’s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt. The national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country. The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war. Economists agree that we needed massive deficit spending during the COVID-19 crisis to ward off an economic cataclysm, but federal finances under Trump had become dire even before the pandemic. That happened even though the economy was booming, and unemployment was at historically low levels. By the Trump administration’s own description, the pre-pandemic national debt level was already a “crisis” and a “grave threat.” The combination of Trump’s 2017 tax cut and the lack of any serious spending restraint helped both the deficit and the debt soar.

As of Dec. 31, 2020, the national debt had jumped to $27.75 trillion, up 39% from $19.95 trillion when Trump was sworn in. The government ended its 2020 fiscal year with the portion of the national debt owed to investors, the metric favored by the CBO, at around 100% of GDP. The CBO had predicted less than a year earlier that it would take until 2030 to reach that approximate level of debt.

Yes, people keeping more of the money THEY EARN is a disaster.

Our overlords in Washington DC who shuffle paper all GD day must decide how everyone's private property is spent for "the greater good".

Dp- puhleez…
I can smell the stink of working-class-slob all over your post. You got zero benefit from the 2017 tax cut and will get zero from Trump’s next promised windfall.
Have some dignity.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Nothing to see here... FOUR MORE YEARS!

Wait, what? Are you NOW getting concerned about the debt? How come you NEVER speak up when Republicans are in the White House and blow it up? Trump's tax cuts were disastrous for the debt. Ask any economist.

https://ktvz.com/cnn-regional/2024/06/10/donald-trump-built-a-national-debt-so-big-even-before-the-pandemic-that-itll-weigh-down-the-economy-for-years/

The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.

One of President Donald Trump’s lesser known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he’s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt. The national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country. The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war. Economists agree that we needed massive deficit spending during the COVID-19 crisis to ward off an economic cataclysm, but federal finances under Trump had become dire even before the pandemic. That happened even though the economy was booming, and unemployment was at historically low levels. By the Trump administration’s own description, the pre-pandemic national debt level was already a “crisis” and a “grave threat.” The combination of Trump’s 2017 tax cut and the lack of any serious spending restraint helped both the deficit and the debt soar.

As of Dec. 31, 2020, the national debt had jumped to $27.75 trillion, up 39% from $19.95 trillion when Trump was sworn in. The government ended its 2020 fiscal year with the portion of the national debt owed to investors, the metric favored by the CBO, at around 100% of GDP. The CBO had predicted less than a year earlier that it would take until 2030 to reach that approximate level of debt.

Yes, people keeping more of the money THEY EARN is a disaster.

Our overlords in Washington DC who shuffle paper all GD day must decide how everyone's private property is spent for "the greater good".

But you only care about the debt when the Dems are in office and yet, the GOP is responsible for much more than half of it.

[Anonymous]

Are you afraid of the orange fattie?

[Anonymous]

I guve you the Biden "soft landing"

[Anonymous]

Who cares about these small price increases. If these repukes weren’t such losers it wouldn’t affect them.

[Anonymous]

Anonymous wrote:Who cares about these small price increases. If these repukes weren’t such losers it wouldn’t affect them.

Put this on a billboard!
- Republican

[Anonymous]

Job growth has been far above expectations and now inflation is below expectations.

The US economy continues to power forward and lap the rest of the world’s leading economies.

Thanks Joe!