Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:Stock market at record highs today.

Thanks Biden!!

I dont have money on the stock market.

Sorry you got conned into buying Trump NFTs. Maybe you’ll learn someday.

[Anonymous]

Anonymous wrote:From the article:

"Handouts abound. There’s plenty for the left—requirements that chipmakers submit detailed plans to educate, employ, and train lots of women and people of color, as well as “justice-involved individuals,” more commonly known as ex-cons. There’s plenty for the right—veterans and members of rural communities find their way into the typical DEI definition of minorities. There’s even plenty for the planet: Arizona Democrats just bragged they’ve won $15 million in CHIPS funding for an ASU project fighting climate change."

"For instance, chipmakers have to make sure they hire plenty of female construction workers, even though less than 10 percent of U.S. construction workers are women. They also have to ensure childcare for the female construction workers and engineers who don’t exist yet. They have to remove degree requirements and set “diverse hiring slate policies,” which sounds like code for quotas. They must create plans to do all this with “close and ongoing coordination with on-the-ground stakeholders.”

Ya don't say!

More woke democrat policy. How surprising.

[Anonymous]

Another day, another bad report as retail sales in May came in @ 0.1% vs concensus at 0.2%. YOY at 2.3% vs April at 2.7%.

Thanks Joe!

[Anonymous]

https://www.cnbc.com/2022/07/18/most-middle-class-households-say-income-falling-behind-cost-of-living.html

Oof, 75% of middle class people say they’re falling behind.

Auto insurance rates in the US have increased by 42% over the past 2 years.

That's the biggest 2-year spike since 1977.

The US economy is headed into a corporate bankruptcy cycle that will spike unemployment, veteran forecaster says

https://www.msn.com/en-us/money/markets/the-us-economy-is-headed-into-a-corporate-bankruptcy-cycle-that-will-spike-unemployment-veteran-forecaster-says/ar-BB1onywD?ocid=BingNewsSerp

Housing is now unaffordable for half of US renters

https://www.npr.org/2024/01/25/1225957874/housing-unaffordable-for-record-half-all-u-s-renters-study-finds


Thanks to Bidenomics we have skyrocketing foreclosures

https://www.foxbusiness.com/economy/home-foreclosures-rise-again-nationwide

Lots if Americans are asking themselves are they better off than four years ago? The answer for most Americans is a resounding no. Most people are feeling the pinch of Bidenomocs and their standard of living has dropped and so Has their saving accounts.

[Anonymous]

Per the St. Louis Fed, the economy has grown by approximately $1,76T since Biden took office, or a little over 8% in over three years. This is real growth that accounts for inflation. Per the US Treasury, the deficit has grown from $30.93T to 33.17T during that same time.

In short, the deficit has grown by $2.24T and the economy has grown by $1.76T. Of course, this is unsustainable, and the Democrats keep importing more takers than makers, so this imbalance will only accelerate in the near future. Biden's economy is built exclusively on debt. The truth is most voters, including here, aren't qualified to have a say in governance. Universal suffrage has been a terrible mistake.

No, Trump won't fix this either, but he will import fewer welfare beneficiaries, so that's a better choice.

[Anonymous]

[Anonymous]

Anonymous wrote:Another day, another bad report as retail sales in May came in @ 0.1% vs concensus at 0.2%. YOY at 2.3% vs April at 2.7%.

Thanks Joe!

April revisions are down... they're lying to us

[Anonymous]

Anonymous wrote:Another day, another bad report as retail sales in May came in @ 0.1% vs concensus at 0.2%. YOY at 2.3% vs April at 2.7%.

Thanks Joe!

This is by design. This is why the Fed has kept interest rates high, to cool things down.

[Anonymous]

Anonymous wrote:https://www.cnbc.com/2022/07/18/most-middle-class-households-say-income-falling-behind-cost-of-living.html

Oof, 75% of middle class people say they’re falling behind.

Auto insurance rates in the US have increased by 42% over the past 2 years.

That's the biggest 2-year spike since 1977.

The US economy is headed into a corporate bankruptcy cycle that will spike unemployment, veteran forecaster says

https://www.msn.com/en-us/money/markets/the-us-economy-is-headed-into-a-corporate-bankruptcy-cycle-that-will-spike-unemployment-veteran-forecaster-says/ar-BB1onywD?ocid=BingNewsSerp

Housing is now unaffordable for half of US renters

https://www.npr.org/2024/01/25/1225957874/housing-unaffordable-for-record-half-all-u-s-renters-study-finds


Thanks to Bidenomics we have skyrocketing foreclosures

https://www.foxbusiness.com/economy/home-foreclosures-rise-again-nationwide

Lots if Americans are asking themselves are they better off than four years ago? The answer for most Americans is a resounding no. Most people are feeling the pinch of Bidenomocs and their standard of living has dropped and so Has their saving accounts.

You posted really old articles. Seriously?

[Anonymous]

Anonymous wrote:Per the St. Louis Fed, the economy has grown by approximately $1,76T since Biden took office, or a little over 8% in over three years. This is real growth that accounts for inflation. Per the US Treasury, the deficit has grown from $30.93T to 33.17T during that same time.

In short, the deficit has grown by $2.24T and the economy has grown by $1.76T. Of course, this is unsustainable, and the Democrats keep importing more takers than makers, so this imbalance will only accelerate in the near future. Biden's economy is built exclusively on debt. The truth is most voters, including here, aren't qualified to have a say in governance. Universal suffrage has been a terrible mistake.

No, Trump won't fix this either, but he will import fewer welfare beneficiaries, so that's a better choice.

The "makers" have grown exponentially under Biden with a path to restore what has been lost over the last 50 years. This has far exceeded the GOP in any capacity.

[Anonymous]

Meanwhile, the markets reach new highs.

I wonder why the media stopped reporting on this while they beat the drum feverishly when Trump was president?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Per the St. Louis Fed, the economy has grown by approximately $1,76T since Biden took office, or a little over 8% in over three years. This is real growth that accounts for inflation. Per the US Treasury, the deficit has grown from $30.93T to 33.17T during that same time.

In short, the deficit has grown by $2.24T and the economy has grown by $1.76T. Of course, this is unsustainable, and the Democrats keep importing more takers than makers, so this imbalance will only accelerate in the near future. Biden's economy is built exclusively on debt. The truth is most voters, including here, aren't qualified to have a say in governance. Universal suffrage has been a terrible mistake.

No, Trump won't fix this either, but he will import fewer welfare beneficiaries, so that's a better choice.

The "makers" have grown exponentially under Biden with a path to restore what has been lost over the last 50 years. This has far exceeded the GOP in any capacity.

So says Mark Copelovitch, Professor of Political Science at University of Wisconsin.

[Anonymous]

Fisker Group Inc., the EV startup founded by famed designer Henrik Fisker, filed for Chapter 11 bankruptcy protection — a capstone to months of problems with its Ocean SUV that included recalls and dozens of lemon law lawsuits.

https://techcrunch.com/2024/05/03/fisker-pear-alaska-lawsuit-engineering-class-action/

[Anonymous]

“In 2021, the Biden Administration got $42.45 billion from Congress to deploy high-speed Internet to millions of Americans. Years later, it has not connected even 1 person with those funds. In fact, it now says that no construction projects will even start until 2025 at earliest,” the Federal Communications Commission (FCC) commissioner wrote.


Print! Print! Print!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Per the St. Louis Fed, the economy has grown by approximately $1,76T since Biden took office, or a little over 8% in over three years. This is real growth that accounts for inflation. Per the US Treasury, the deficit has grown from $30.93T to 33.17T during that same time.

In short, the deficit has grown by $2.24T and the economy has grown by $1.76T. Of course, this is unsustainable, and the Democrats keep importing more takers than makers, so this imbalance will only accelerate in the near future. Biden's economy is built exclusively on debt. The truth is most voters, including here, aren't qualified to have a say in governance. Universal suffrage has been a terrible mistake.

No, Trump won't fix this either, but he will import fewer welfare beneficiaries, so that's a better choice.

The "makers" have grown exponentially under Biden with a path to restore what has been lost over the last 50 years. This has far exceeded the GOP in any capacity.

I agree that Biden wasn't the primary driver of inflation. Trump and the rest of the elected goons helicoptered money into the economy to "do something" about COVID. Biden would have done worse, of course.

However, that X post you cite doesn't contain any information but deflects by talking about inflation. I posted the real economic growth that accounted for inflation. I posted the growth in the deficit. Those are hard fact you are ignoring because Biden's economy is a disaster. Were you assertion about makers correct, the economy would be growing more than debt.