Biden’s economy

[Anonymous]

Explained:

https://mishtalk.com/economics/real-gdp-rises-2-8-percent-in-advance-estimate-what-about-recession/

[Anonymous]

U.S. National Debt Surpasses $35 Trillion

WASHINGTON, D.C. – Today, the United States’s national debt reached another alarming milestone – our national debt is a staggering $35 trillion. House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement on this milestone:

Background:

The gross national debt is currently $35 trillion. This equates to:

$104,497 per person
$266,275 per household
$483,889 per child

The debt one year ago was $32.65 trillion, meaning that the debt has increased by $2.35 trillion over the past 12 months. This rate of increase equates to:

$196 billion in new debt per month
$6.4 billion in new debt per day
$268 million in new debt per hour
$4.5 million in new debt per minute
$74,401 in new debt per second

https://budget.house.gov/press-release/us-national-debt-surpasses-35-trillion

[Anonymous]

Joe who?

[Anonymous]

Anonymous wrote:Joe who?

Look, Donald’s having a senior moment again!

[Anonymous]

Kamala just promised to cure inflation woes by increasing bank regulation and taxes on corporations and individuals.

She might have a law degree, but she obviously skipped Econ 101 at college. Or she’s just lying on the campaign trail like every other politician ever.

New face, same song and dance.

[Anonymous]

Anonymous wrote:Kamala just promised to cure inflation woes by increasing bank regulation and taxes on corporations and individuals.

She might have a law degree, but she obviously skipped Econ 101 at college. Or she’s just lying on the campaign trail like every other politician ever.

New face, same song and dance.

Do you have a cite? How does increasing bank regulation address inflation?

[Anonymous]

Anonymous wrote:U.S. National Debt Surpasses $35 Trillion

WASHINGTON, D.C. – Today, the United States’s national debt reached another alarming milestone – our national debt is a staggering $35 trillion. House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement on this milestone:

Background:

The gross national debt is currently $35 trillion. This equates to:

$104,497 per person
$266,275 per household
$483,889 per child

The debt one year ago was $32.65 trillion, meaning that the debt has increased by $2.35 trillion over the past 12 months. This rate of increase equates to:

$196 billion in new debt per month
$6.4 billion in new debt per day
$268 million in new debt per hour
$4.5 million in new debt per minute
$74,401 in new debt per second

https://budget.house.gov/press-release/us-national-debt-surpasses-35-trillion

Y'all didn't care when Trump exploded the debt by 25%.

So why do you care now?

[Anonymous]

Anonymous wrote:Kamala just promised to cure inflation woes by increasing bank regulation and taxes on corporations and individuals.

She might have a law degree, but she obviously skipped Econ 101 at college. Or she’s just lying on the campaign trail like every other politician ever.

New face, same song and dance.

The fact is, the Democrats have been far superior at managing the US budget, the debt and the deficit than the GOP since 1988 - the modern era.

So I certainly trust her more than I trust Trump and the GOP.

[Anonymous]

[Anonymous]

Ultimately this is the problem. The GOP loves to complain about....everything. But they offer no solutions to address the problems, and they throw up roadblocks to the solutions the Dems offer.

[Anonymous]

Federal Reserve officials hinted they were moving closer to lowering interest rates when they agreed to hold them steady on Wednesday.
https://www.wsj.com/economy/central-banking/federal-reservice-interest-rate-decision-b5c39738

[Anonymous]

Anonymous wrote:Federal Reserve officials hinted they were moving closer to lowering interest rates when they agreed to hold them steady on Wednesday.
https://www.wsj.com/economy/central-banking/federal-reservice-interest-rate-decision-b5c39738

Rising jobless claims report today makes a September rate drop even more likely....

[Anonymous]

Story: https://www.nbcnews.com/news/amp/rcna164764

[Anonymous]

The only fix to inflation is to tighten the money supply, not loosen it. That means higher interest rates are needed.

[Anonymous]

Anonymous wrote:Ultimately this is the problem. The GOP loves to complain about....everything. But they offer no solutions to address the problems, and they throw up roadblocks to the solutions the Dems offer.

The Trump plan includes putting in place a nationwide sales tax to fund a corporate tax cute and capital gains cut on high earners. This along with a 3%-8% tax increase on Americans making 12 K to 200K plus the inevitable trade war will cause a recession. Recessions do lower inflation.