Biden’s economy

[Anonymous]

Markets hit new all time highs today. Just sayin'

[Anonymous]

Also: On all but 13 days of Biden’s presidency, the Dow and S&P have been higher than the highest point seen under Trump.

https://www.msn.com/en-us/money/markets/how-biden-and-trump-compare-on-trump-s-favorite-metric-stock-prices/ar-AA1qNaUh

[Anonymous]

Trump supporters were seen on video booing interest rates coming down. It's of a piece with Trump killing an effort to improve our immigration system because he'd much rather b**ch about problems than fix them.

[Anonymous]

Anonymous wrote:Trump supporters were seen on video booing interest rates coming down. It's of a piece with Trump killing an effort to improve our immigration system because he'd much rather b**ch about problems than fix them.

Why are MAGAs so invested in cutting off their noses to spite their faces?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Trump supporters were seen on video booing interest rates coming down. It's of a piece with Trump killing an effort to improve our immigration system because he'd much rather b**ch about problems than fix them.

Why are MAGAs so invested in cutting off their noses to spite their faces?

Because it’s a cult.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Trump supporters were seen on video booing interest rates coming down. It's of a piece with Trump killing an effort to improve our immigration system because he'd much rather b**ch about problems than fix them.

Why are MAGAs so invested in cutting off their noses to spite their faces?

Because they're too stupid to understand policy. Hate is all they know, hate is why they support Trump. He hates who they hate, and he makes it OK for them to be hateful out in the open.

He also provides cover for those who still aren't comfortable with their hate out in the open. These are the people who support him by saying things like "I support Trump because Kamala has no policies," which is a blatantly obvious lie seeing as Trump has zero policies besides "whatever gets me elected and enriches me" while Kamala has spoken about her policies and they are easily accessible on her website for anyone who actually cares to look.

But in the end it all boils down to hate for the vast majority of supporters. There are some wealthy people who actually would benefit, and a larger number of people who think they're wealthy enough to benefit but are too stupid to realize they won't, but the base is all about hate.

[Anonymous]

U.S. Consumer Confidence Falls the Most in Three Years on Labor Views

https://www.bloomberg.com/news/articles/2024-09-24/us-consumer-confidence-falls-most-in-three-years-on-labor-views

- Present situation confidence fell to 124.3 vs. 134.6 last month

- Consumer confidence expectations fell to 81.7 vs. 86.3 last month



“The deterioration across the Index’s main components likely reflected consumers concerns about the labor market and reactions to fewer hours, slower payroll increases, fewer job openings — even if the labor market remains quite healthy, with low unemployment, few layoffs and elevated wages,” Dana Peterson, chief economist at the Conference Board, said in a statement.

[Anonymous]

Anonymous wrote:Markets hit new all time highs today. Just sayin'

[Anonymous]

Anonymous wrote:U.S. Consumer Confidence Falls the Most in Three Years on Labor Views

https://www.bloomberg.com/news/articles/2024-09-24/us-consumer-confidence-falls-most-in-three-years-on-labor-views

- Present situation confidence fell to 124.3 vs. 134.6 last month

- Consumer confidence expectations fell to 81.7 vs. 86.3 last month



“The deterioration across the Index’s main components likely reflected consumers concerns about the labor market and reactions to fewer hours, slower payroll increases, fewer job openings — even if the labor market remains quite healthy, with low unemployment, few layoffs and elevated wages,” Dana Peterson, chief economist at the Conference Board, said in a statement.

Wait until those rate cuts start making themselves felt with lower interest rates across the board. Also, those kind of charts that scale differently are not that meaningful.

[Anonymous]

Those confidence numbers are impressive! The base year is 1985, that was boom times, morning in America! We are at 98.7, almost the same, and present situation is at 124!

The only thing people are negative on is the future and that seems a common theme, the red line is always way lower. The negative news cycle, always anticipating a crisis real or imagined keeps everyone anxious. It lines up with human nature that everything was better in the past, and the new generations are always worse (since the days of Socrates at least)!

[Anonymous]

Biden made America great again.

[Anonymous]

Thanks Joe!

The US economy grew at a 3% annualized pace in the second quarter, a faster pace than Wall Street had expected.

The Bureau of Economic Analysis's third estimate of second quarter US gross domestic product (GDP) was unchanged from the second estimate which had shown 3% annualized growth. Economists had estimated the reading to show annualized growth of 2.9%. The third estimate for second quarter GDP confirms that economic growth was higher than the 1.4% annualized growth seen in the first quarter

This with gas prices and food prices coming down as well as the continued rate cuts puts the US economy on track for growth and prosperity.

[Anonymous]

The downward revision of the jobs estimate means productivity growth has been better than previously understood.

As we come to the end of the biden presidency, here is where the US economy is:

— Higher prime age employment rate
— Incomes rose more than prices
— Productivity and real output are up

Compare that to what Trump and each of the Bush's left. At some point, the public is going to have to understand simply how much better the Democrats are for the economy.

[Anonymous]

This is true of every democrat inheriting crap economies from republicans since 1988.

[Anonymous]

And to add to all this good news, I paid less for gas the other day than I paid 20 years ago. And not on an inflation-adjusted basis either. The actual posted price was less than it was then.

According to the GOP Biden did that, so thanks Biden!