Biden’s economy

[Anonymous]

Anonymous wrote:Inflation: low, back to pre-pandemic levels.
GDP: record high
Job creation: record high
Unemployment: record low
S&P/DOW: record high

The Biden record.

I hope Trump doesn't screw it up, but the GOP record on the economy the last 35 years is abysmal, so I won't hold my breath.

The deficit is growing faster than GDP because Democrats light money on fire for deadbeats. This won't end well, but you won't understand.

[Anonymous]

Anonymous wrote:Inflation: low, back to pre-pandemic levels.
GDP: record high
Job creation: record high
Unemployment: record low
S&P/DOW: record high

The Biden record.

I hope Trump doesn't screw it up, but the GOP record on the economy the last 35 years is abysmal, so I won't hold my breath.

Not holding mine either. Expect Trump to add another $8T.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:"U.S. retail closures have reached the highest level since the COVID-19 pandemic, according to recent estimates.

As of Nov. 8, retailers have announced 6,481 store closures this year, an increase of 336 closures in just the past week, according to the latest data from Coresight Research. The majority of these closures were driven by American Freight, which is shutting all 329 of its locations as part of its parent company’s bankruptcy proceedings.

Coresight also recorded 5,363 store openings this year as of Nov. 8, including 30 openings last week. However, closures are still outpacing openings, a shift from the trend of the past two years, John Mercer, Coresight’s head of global research, told FOX Business. "

https://www.foxbusiness.com/lifestyle/us-retail-closures-hit-highest-level-since-pandemic

The closures and layoffs coming right now are a direct response to trump's tariffs. They have all said this. I know of companies who are forgoing holiday bonuses because they are loading up on orders now, before the tariffs kick in.

The same people who think Obama saved the economy in 2009 (he didn't) when his policies didn't have time to take effect, now think Trump is crashing the economy when he's not even sworn in.

Unserious.

Trump and his supporters aren't serious about reality, either. So it's perfectly reasonable to say that all current bad economic news reflects lack of confidence in his economic plans. Why is he doing such a terrible job already?

You are not a serious person if you think a company declared bankruptcy because Trump was elected. Trump won't fix much, and his economy will look like it did the first time (probably), but give me a break that "all current bad economic news reflects a lack of confidence in [Trump's] economic plans."

That's the argument Trump makes. Earlier this year, when the stock market went up, he claimed it was because he was leading in the polls. His cultists claimed likewise. But agreed, Trump is not a serious person.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Inflation: low, back to pre-pandemic levels.
GDP: record high
Job creation: record high
Unemployment: record low
S&P/DOW: record high

The Biden record.

I hope Trump doesn't screw it up, but the GOP record on the economy the last 35 years is abysmal, so I won't hold my breath.

Not holding mine either. Expect Trump to add another $8T.

To be fair, Biden is at 7.6 or so.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Inflation: low, back to pre-pandemic levels.
GDP: record high
Job creation: record high
Unemployment: record low
S&P/DOW: record high

The Biden record.

I hope Trump doesn't screw it up, but the GOP record on the economy the last 35 years is abysmal, so I won't hold my breath.

Not holding mine either. Expect Trump to add another $8T.

To be fair, Biden is at 7.6 or so.

The problem is after another $10T (or whatever) the interest on the debt, even at low interest rates, becomes too big and swallows federal spending. The only solution is to dramatically slash spending, but few voters have the appetite for that fix. Indeed, the best way to fix the government is to limit the franchise to those who would vote for massive spending cuts.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Inflation: low, back to pre-pandemic levels.
GDP: record high
Job creation: record high
Unemployment: record low
S&P/DOW: record high

The Biden record.

I hope Trump doesn't screw it up, but the GOP record on the economy the last 35 years is abysmal, so I won't hold my breath.

Not holding mine either. Expect Trump to add another $8T.

To be fair, Biden is at 7.6 or so.

Biden added $7.6T??

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Inflation: low, back to pre-pandemic levels.
GDP: record high
Job creation: record high
Unemployment: record low
S&P/DOW: record high

The Biden record.

I hope Trump doesn't screw it up, but the GOP record on the economy the last 35 years is abysmal, so I won't hold my breath.

Not holding mine either. Expect Trump to add another $8T.

To be fair, Biden is at 7.6 or so.

The problem is after another $10T (or whatever) the interest on the debt, even at low interest rates, becomes too big and swallows federal spending. The only solution is to dramatically slash spending, but few voters have the appetite for that fix. Indeed, the best way to fix the government is to limit the franchise to those who would vote for massive spending cuts.

You could also undo the W and Trump tax cuts, which have had a greater negative impact on the debt, but nah...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Inflation: low, back to pre-pandemic levels.
GDP: record high
Job creation: record high
Unemployment: record low
S&P/DOW: record high

The Biden record.

I hope Trump doesn't screw it up, but the GOP record on the economy the last 35 years is abysmal, so I won't hold my breath.

Not holding mine either. Expect Trump to add another $8T.

To be fair, Biden is at 7.6 or so.

The problem is after another $10T (or whatever) the interest on the debt, even at low interest rates, becomes too big and swallows federal spending. The only solution is to dramatically slash spending, but few voters have the appetite for that fix. Indeed, the best way to fix the government is to limit the franchise to those who would vote for massive spending cuts.

You could also undo the W and Trump tax cuts, which have had a greater negative impact on the debt, but nah...

Reality check: you could also go after the near 50% of earners paying no income tax because our tax system is ridiculously progressive.

[Anonymous]

record air travel over the holiday weekend
record sales on black friday


"but the Biden economy is sooooo bad"

[Anonymous]

Anonymous wrote:

Anonymous wrote:Inflation: low, back to pre-pandemic levels.
GDP: record high
Job creation: record high
Unemployment: record low
S&P/DOW: record high

The Biden record.

I hope Trump doesn't screw it up, but the GOP record on the economy the last 35 years is abysmal, so I won't hold my breath.

The deficit is growing faster than GDP because Democrats light money on fire for deadbeats. This won't end well, but you won't understand.

Actually, it's due to the unfunded Trump tax cuts and rise in costs of Social Security, Medicare and Medicaid along with the Fed's increase in interest rates. A lot of those "deadbeats" are your poor red-state retirees and "disability" claimants. Oh, and Veterans benefits have skyrocketed as well. So, yeah, I guess call out grandma living on her social security and cut meemaw/papaw's disability claims. Let's get them off the "government dole"! I'm not counting on social security or Medicare to be there by the time I retire anyways.

[Anonymous]

Anonymous wrote:New Survey: 1 in 3 Drivers Are Underwater, Most Overestimate Their Car’s Value
Last updated Sep 27, 2024

Key Takeaways

- 31% of American drivers who financed have underwater car loans in 2024.
- More than half of surveyed drivers overestimated their car’s value.
- 46% of EV drivers have negative equity, far above the broader market.

Negative equity, or being “underwater” on a car loan, is becoming a growing issue for many drivers in today’s market. As vehicle prices soar and depreciation accelerates, more car owners are finding themselves owing more on their loans than their cars are worth. CarEdge, in partnership with , surveyed nearly 1,000 drivers to understand the extent of this problem in Q3 2024.

https://caredge.com/guides/caredge-black-book-negative-equity-report-q3-2024

46% of EV owners have NEGATIVE equity!!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Inflation: low, back to pre-pandemic levels.
GDP: record high
Job creation: record high
Unemployment: record low
S&P/DOW: record high

The Biden record.

I hope Trump doesn't screw it up, but the GOP record on the economy the last 35 years is abysmal, so I won't hold my breath.

Not holding mine either. Expect Trump to add another $8T.

To be fair, Biden is at 7.6 or so.

The problem is after another $10T (or whatever) the interest on the debt, even at low interest rates, becomes too big and swallows federal spending. The only solution is to dramatically slash spending, but few voters have the appetite for that fix. Indeed, the best way to fix the government is to limit the franchise to those who would vote for massive spending cuts.

You could also undo the W and Trump tax cuts, which have had a greater negative impact on the debt, but nah...

Reality check: you could also go after the near 50% of earners paying no income tax because our tax system is ridiculously progressive.

Many of those people not paying taxes voted for Trump because they were mad that their eggs cost $4.50 a dozen. And now you're going to tax the shit out of them and make them even poorer. That will go over like a lead balloon for Trump.

[Anonymous]

thanks Joe!

https://www.wsj.com/economy/u-s-economy-is-doing-what-few-others-are-getting-more-productive-4c2116f5?st=wxddEC

[Anonymous]

Anonymous wrote:thanks Joe!

https://www.wsj.com/economy/u-s-economy-is-doing-what-few-others-are-getting-more-productive-4c2116f5?st=wxddEC

U.S. Economy Is Doing What Few Others Are: Getting More Productive
Many businesses have been able to do more with less and increase their revenue without passing on higher costs to customers

[Anonymous]

The stock market is based on bogus valuations. They really play games to figure a company's true worth.