Biden And The Democrats Do Not Understand Economics

Biden And The Democrats Do Not Understand Economics​


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No different than the GOP.



It's been a very good year for U.S. manufacturing.

Factories added 467,000 jobs in the last 12 months. And factory production in September was the highest in 14 years, according to the Federal Reserve.

Even as other industries struggle under the weight of rising interest rates, factories keep churning out products to meet consumers' insatiable demand for cars, computers and candy bars. Now manufacturers are working to expand their capabilities, while struggling with supply and labor scarcities and looking to the near-future, where some economists and many on Wall Street say a recession looms.

Auto production has see-sawed in recent months, as carmakers continue to struggle with a shortage of semiconductors. But September was a good month for auto manufacturing, with production climbing by 1%.

Ten months ago, Drew Greenblatt purchased the Madsen Steel Wire Products factory in Orland, Ind., which supplies automakers, among other customers.

"Since we bought them, we've grown the company from 33 employees to 53 employees," Greenblatt says. "We've invested in new technology, robotic press brakes, new bathrooms for the employees. It's an aggressive push to reinvest back into the factory because we're so enthusiastic and optimistic about the future."

Biden is doing great. Inflation sucks but that's for the federal reserve to deal with. Since the Senate gives them the power to do so. The Senate doesn't want to raise interest rates. Very unpopular but necessary thing to do to fix inflation. It will also cost jobs. But it must be done. So while the Feds are dealing with inflation and Biden is dealing with pandemics, I'd say Biden is doing great.

Not to mention his infrastructure bill, pardoning pot smokers, helping Ukraine. Glad Trump's not in charge right now.
 


It's been a very good year for U.S. manufacturing.

Factories added 467,000 jobs in the last 12 months. And factory production in September was the highest in 14 years, according to the Federal Reserve.

Even as other industries struggle under the weight of rising interest rates, factories keep churning out products to meet consumers' insatiable demand for cars, computers and candy bars. Now manufacturers are working to expand their capabilities, while struggling with supply and labor scarcities and looking to the near-future, where some economists and many on Wall Street say a recession looms.

Auto production has see-sawed in recent months, as carmakers continue to struggle with a shortage of semiconductors. But September was a good month for auto manufacturing, with production climbing by 1%.

Ten months ago, Drew Greenblatt purchased the Madsen Steel Wire Products factory in Orland, Ind., which supplies automakers, among other customers.

"Since we bought them, we've grown the company from 33 employees to 53 employees," Greenblatt says. "We've invested in new technology, robotic press brakes, new bathrooms for the employees. It's an aggressive push to reinvest back into the factory because we're so enthusiastic and optimistic about the future."

Biden is doing great. Inflation sucks but that's for the federal reserve to deal with. Since the Senate gives them the power to do so. The Senate doesn't want to raise interest rates. Very unpopular but necessary thing to do to fix inflation. It will also cost jobs. But it must be done. So while the Feds are dealing with inflation and Biden is dealing with pandemics, I'd say Biden is doing great.

Not to mention his infrastructure bill, pardoning pot smokers, helping Ukraine. Glad Trump's not in charge right now.

Biden is doing great. Inflation sucks but that's for the federal reserve to deal with.
Just because you say it, doesnt make it true.
 
Just because you say it, doesnt make it true.
That's what I say to you guys. For example, "trump was the greatest president for the economy". Did you forget he promised 4, 5 even 6% growth. In the end, Obama had 2.2% gdp and Trump had 2.3.

He's full of shit and you swallow it.
 
That's what I say to you guys. For example, "trump was the greatest president for the economy". Did you forget he promised 4, 5 even 6% growth. In the end, Obama had 2.2% gdp and Trump had 2.3.

He's full of shit and you swallow it.
Your lack of understanding of the economy is exceeded only by your hubris.
 
Mr. Biden, of course, does not understand anything.

But there are Dem leaders who do understand economics.

But they feel that passing those inflation-creating bills will win them votes.

And they are right.
 
Have the problems of healthcare and education been solved in our society?
Have the issues of hunger, homelessness, and labor slavery been solved?
No, not solved. For capitalism does not solve them, but creates them.
Socialism can solve all this, but you are afraid of it. And this is the fear of ignorance.
 
Have the problems of healthcare and education been solved in our society?
Have the issues of hunger, homelessness, and labor slavery been solved?
No, not solved. For capitalism does not solve them, but creates them.
Socialism can solve all this, but you are afraid of it. And this is the fear of ignorance.

None of those issues in Russia or Cuba, eh?
 
Have the problems of healthcare and education been solved in our society?
Have the issues of hunger, homelessness, and labor slavery been solved?
No, not solved. For capitalism does not solve them, but creates them.
Socialism can solve all this, but you are afraid of it. And this is the fear of ignorance.

Yes and Yes if we set our standard to where socialist economy countries ended up.

Someone, somewhere will be hungry, someone somewhere will be homeless, someone somewhere will be criminally underpaid. To use these compeltely unquantified facts to make sweeping claims for a serious macro-economic comparison is either really stupid or intentional deceit.
 
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