It's the Economy Stoopid

[Anonymous]

DJI closed up 617 points today. Good thing I bought at 3:57pm yesterday

[Anonymous]

Anonymous wrote:

[Anonymous]

Republicans are curiously silent about their party trying to kill Americans and cripple the economy.

[Anonymous]

[Anonymous]

The short of expectations will mean not as much inflationary pressure. That should make the GOP happy.

[Anonymous]

[Anonymous]

So if the job numbers come in too hot, then OMG INFLATION!!!!
And if they come in light then its "thanks Brendon"

GOP will always find something to complain about. Bottom line, this administration has taken care of business and achieved an economic recovery that was not expected until 2024.

Yes, inflation is hot because of that, but the alternative is a recession or worse, a depression, which is what the last three GOP presidents have left as a gift to the country.

[Anonymous]

Anonymous wrote:
So if the job numbers come in too hot, then OMG INFLATION!!!!
And if they come in light then its "thanks Brendon"

GOP will always find something to complain about. Bottom line, this administration has taken care of business and achieved an economic recovery that was not expected until 2024.

Yes, inflation is hot because of that, but the alternative is a recession or worse, a depression, which is what the last three GOP presidents have left as a gift to the country.

I'm pragmatic enough to know we'd largely be in the same place regardless of who was president. The recovery was already swiftly underway before Trump left office, just as the vaccinations were already swiftly under way with millions already vaccinated by the time Biden was sworn in. The difference is that my brain isn't so shattered by partisan politics to pretend otherwise.

But there are some aspects of policies that may have worsened some things - the fuel costs for example, seems partially driven by policy as much as global factors. The massive spending bills are definitely having implications for inflation. And while we had some wage gains in the first half of the year, for the last few months inflation is outpacing wage gains, which is not good. If inflation is officially 6-7% while the typical American is getting an average of 3% COLA increases, it means real incomes are declining. Things are not inherently bad - yet - but I'd fairly describe it as somewhat dicey and with some worrying signs for the future - which may or may not manifest itself. We're definitely not out of the forest yet, by any stretch of the imagination. It's also why poll after poll show clear majorities of Americans with concerns over the state of the economy and the future.

[Anonymous]

Anonymous wrote:
I'm pragmatic enough to know we'd largely be in the same place regardless of who was president. The recovery was already swiftly underway before Trump left office, just as the vaccinations were already swiftly under way with millions already vaccinated by the time Biden was sworn in. The difference is that my brain isn't so shattered by partisan politics to pretend otherwise.

But there are some aspects of policies that may have worsened some things - the fuel costs for example, seems partially driven by policy as much as global factors. The massive spending bills are definitely having implications for inflation. And while we had some wage gains in the first half of the year, for the last few months inflation is outpacing wage gains, which is not good. If inflation is officially 6-7% while the typical American is getting an average of 3% COLA increases, it means real incomes are declining. Things are not inherently bad - yet - but I'd fairly describe it as somewhat dicey and with some worrying signs for the future - which may or may not manifest itself. We're definitely not out of the forest yet, by any stretch of the imagination. It's also why poll after poll show clear majorities of Americans with concerns over the state of the economy and the future.

Do you understand that Trump literally had done nothing to establish the infrastructure for the Covid vaccine rollout?

In many cases, I would agree with the bolded. In 2020, I couldn't disagree more.

[Anonymous]

[Anonymous]

Absolutely horrible jobs numbers today.

[Anonymous]

Anonymous wrote:Absolutely horrible jobs numbers today.

Context is important. The country is 3 years ahead of where estimate said we would be just 9 months ago. So if one week or month is a little off, no one is going to lose sleep over it.

[Anonymous]

Anonymous wrote:Absolutely horrible jobs numbers today.

Lol. Wait for the revisions (that you maga will ignore) in a few weeks and then months demonstrating the Biden Recovery. You’ll ignore how strong they are by just evaporate from the thread. Hint: all the previous months have been revised WILDLY upward.

[Anonymous]

Anonymous wrote:Absolutely horrible jobs numbers today.

Maybe. The revisions of the past few months have been really really large. So maybe these job numbers are bad. But I'll wait for the revisions before getting upset.

[Anonymous]