Biden’s economy

[Anonymous]

https://www.cnbc.com/2022/05/11/cpi-april-2022.html

Inflation steamrolls ahead at 8.3% more than the 8.1 expected

The failed policies of Bidenomics is affecting the housing market now too
https://fortune.com/2022/05/11/housing-market-home-prices-something-is-happening-mortgage-rates/amp/

Farmers feeling the squeeze
https://www.wsj.com/amp/articles/farmers-feel-the-squeeze-of-inflation-11644921180

Our inflation rate has surpassed Europe’s by a large margin.

I remember Biden promising a summer of recovery in 2009 that never came as GDP growth stagnated most of Obama’s term .

[Anonymous]

Anonymous wrote:The deficit is down, so not everything is as horrible as it seems.

The deficit was 2.5 trillion last year! How is that a good thing?

2.5 trillion!

[Anonymous]

Anonymous wrote:

Anonymous wrote:The deficit is down, so not everything is as horrible as it seems.

The deficit was 2.5 trillion last year! How is that a good thing?

2.5 trillion!

Actually it was $2.8T and that was the deficit from Trumps last budget. Thanks to Bidens leadership it is on track to be under a trillion for 2022.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The deficit is down, so not everything is as horrible as it seems.

The deficit was 2.5 trillion last year! How is that a good thing?

2.5 trillion!

Did you see where it was when Obama left office and when Biden's budget was finally enacted?

Hint: It spiked BIGLY during Trump and is coming back down now. Still a long way to go, but if you think the GOP managed the US economics in a responsible manner, I have a bridge to sell you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The deficit is down, so not everything is as horrible as it seems.

The deficit was 2.5 trillion last year! How is that a good thing?

2.5 trillion!

Actually it was $2.8T and that was the deficit from Trumps last budget. Thanks to Bidens leadership it is on track to be under a trillion for 2022.

Thanks, Brandon!

Just how Republicans got the reputation for being good stewards of our economy, I'll never know.

[Anonymous]

Nothing to see here... it's Trumps fault!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The deficit is down, so not everything is as horrible as it seems.

The deficit was 2.5 trillion last year! How is that a good thing?

2.5 trillion!

Did you see where it was when Obama left office and when Biden's budget was finally enacted?

Hint: It spiked BIGLY during Trump and is coming back down now. Still a long way to go, but if you think the GOP managed the US economics in a responsible manner, I have a bridge to sell you.

Wait for November and then look at your bridge. 😄

[Anonymous]

Anonymous wrote:Nothing to see here... it's Trumps fault!

Funny how the chart on the left looks exactly like a chart of the stock markets.

[Anonymous]

Speaking of charts that look the same

[Anonymous]

I thinks it’s unbelievable that the senile buffoon has the nerve to describe our current economic disaster as bidenomics. He’s obtuse and in utter denial. I hadn’t realized that dementia progressed so rapidly/

[Anonymous]

Anonymous wrote:I thinks it’s unbelievable that the senile buffoon has the nerve to describe our current economic disaster as bidenomics. He’s obtuse and in utter denial. I hadn’t realized that dementia progressed so rapidly/

It’s not dementia, it is just bald-faced propaganda. Prices are way up, stocks are way down, covid is making a comeback, the world is still getting hotter, war is raging and likely to expand. Yeah … but “we’re all doing great, man!”

[Anonymous]

This administrations seems unexpectedly awful.

[Anonymous]

Anonymous wrote:This administrations seems unexpectedly awful.

Unexpectedly??

[Anonymous]

He's certainly doing a number of my retirement account......

Dow suffers longest losing streak since 2001 as stocks benchmarks extend weekly losses despite closing sharply higher Friday

U.S. stocks ended sharply higher Friday, but all three major benchmark still booked another week of losses, as investors assessed the scope for further downside and the Federal Reserve’s ability to get inflation under control without sending the economy into a tailspin.

The Dow Jones Industrial Average fell for a seventh straight week, its longest losing streak since July 2001, according to Dow Jones Market Data.

https://www.marketwatch.com/story/u-s-stocks-futures-swing-higher-as-s-p-500-fights-off-bear-market-territory-11652427721

[Anonymous]

Anonymous wrote:Speaking of charts that look the same

This guy is really bad at reading charts. Those are obviously different. Timing and cause/effect are different.
In 2008 input costs went up and then output went down during a financial collapse and recession.
In 2020, output went way down because of a global pandemic and a year later input costs went up during the recovery because the global pandemic disrupted supply chains, labor markets, inventories, transportation, etc.
Those events are not alike.