Biden Economy Does Better Than Expected (Again)

[LAUGHatLEFTISTS]

Allow me to dumb down *Bidens inflation for the leftards so they might be able to understand.

The number 1 became the number ten.
Then the number 1 became the number 20.
Then the number one became the number 23.
The number one is not now the number 3.

Understand?

 

[sealybobo]

Allow me to dumb down *Bidens inflation for the leftards so they might be able to understand.

The number 1 became the number ten.
Then the number 1 became the number 20.
Then the number one became the number 23.
The number one is not now the number 3.

Understand?

Not at all.

 

[LAUGHatLEFTISTS]

Although congressional Republicans haven’t specified how they’ll finance this round of tax cuts, every major Republican tax cut for the wealthy or corporations in recent decades has put the burden on middle- and low-income Americans, and this time will be no different

There are four likely ways the GOP would try to offset at least some of the costs. They could use revenues from the 10% across-the-board tariff Trump has proposed on imported goods; they could cut entitlement programs like Social Security and Medicare; they could cut annual spending by federal agencies and programs excluding defense; or they could simply borrow, adding the costs of the tax cuts to the public debt.

The tariffswould cost a typ ical household about $1,500 annually in higher prices as importers passed on the costs of the tariffs to consumers. Cutting annual agency budgets would mean spending reductions of at least 50%, she said.

“One way or another, the American people will pay the price for the congressional Republican approach,”

President Joe Biden has said he would keep tax cuts for households earning less than $400,000 annually and that he would raise taxes on corporations and beef up IRS enforcement, which would also raise revenues.

White House Warns On GOP Tax Plans If Trump Wins And Republicans Control Congress

Economic chief Lael Brainard says there are four ways the GOP could pay for more tax cuts — and none of them are good.

www.huffpost.com

Nope. Everytime taxes were cut across the board the federal government received more revenue.

 

[John Edgar Slow Horses]

Once again, stay of the leftist kook sites.

There is no such thing. But there are some really weird Alt Right Chan 4 Qanon social media outlets that are koo koo.

 

[C_Clayton_Jones]

President Clinton cleaned up the Reagan/Bush recession.

President Obama cleaned up the Bush Great Recession.

And President Biden has cleaned up Trump’s disaster of an economy.

 

[John Edgar Slow Horses]

Nope. Everytime taxes were cut across the board the federal government received more revenue.

... with the burden on the middle and lower classes.

 

[Freedomisneverfree]

Hahahahahaha! LIES! Nobody can afford a house, the grocery store the prices are high! I could go on and on. Who are you or your Liberal media trying to kid?

 

[LAUGHatLEFTISTS]

... with the burden on the middle and lower classes.

Nope. The middle and lower class got a tax cut. Sorry.

 

[John Edgar Slow Horses]

Nope. The middle and lower class got a tax cut. Sorry.

But not to the weight of the Rich and Corporations. Fact.

 

[Donald H]

Although congressional Republicans haven’t specified how they’ll finance this round of tax cuts, every major Republican tax cut for the wealthy or corporations in recent decades has put the burden on middle- and low-income Americans, and this time will be no different

There are four likely ways the GOP would try to offset at least some of the costs. They could use revenues from the 10% across-the-board tariff Trump has proposed on imported goods; they could cut entitlement programs like Social Security and Medicare; they could cut annual spending by federal agencies and programs excluding defense; or they could simply borrow, adding the costs of the tax cuts to the public debt.

The tariffswould cost a typ ical household about $1,500 annually in higher prices as importers passed on the costs of the tariffs to consumers. Cutting annual agency budgets would mean spending reductions of at least 50%, she said.

“One way or another, the American people will pay the price for the congressional Republican approach,”

President Joe Biden has said he would keep tax cuts for households earning less than $400,000 annually and that he would raise taxes on corporations and beef up IRS enforcement, which would also raise revenues.

White House Warns On GOP Tax Plans If Trump Wins And Republicans Control Congress

Economic chief Lael Brainard says there are four ways the GOP could pay for more tax cuts — and none of them are good.

www.huffpost.com

Pay attention, this isn't rocket science. The deductions for the wealthy will bring down their taxable incomes from a million plus to just under $400k.

And the American schmuck earning $40k will have his taxable income reduced to $39k!

Just in general terms of course!

 

[C_Clayton_Jones]

Bush ran President Clinton’s strong economy into the ground.

Trump ran President Obama’s strong economy into the ground.

And if put back in the WH Trump will run President Biden’s strong economy into the ground.

 

[Superbadbrutha]

You guys are too funny. First off, many Americans can't afford to live anymore. Second, you guys are bragging about the economy and yet in order to get inflation and interest rates down, the Biden administration is trying to trash the economy. When they finally succeed at trashing the economy, will you be talking about the economy then?

The same folks who are struggling today, were struggling 6yrs ago.

 

[sealybobo]

Nope. Everytime taxes were cut across the board the federal government received more revenue.

Yea and it probably eventually caused inflation. You're no economist.

 

[Independent thinker]

Although congressional Republicans haven’t specified how they’ll finance this round of tax cuts, every major Republican tax cut for the wealthy or corporations in recent decades has put the burden on middle- and low-income Americans, and this time will be no different

There are four likely ways the GOP would try to offset at least some of the costs. They could use revenues from the 10% across-the-board tariff Trump has proposed on imported goods; they could cut entitlement programs like Social Security and Medicare; they could cut annual spending by federal agencies and programs excluding defense; or they could simply borrow, adding the costs of the tax cuts to the public debt.

The tariffswould cost a typ ical household about $1,500 annually in higher prices as importers passed on the costs of the tariffs to consumers. Cutting annual agency budgets would mean spending reductions of at least 50%, she said.

“One way or another, the American people will pay the price for the congressional Republican approach,”

President Joe Biden has said he would keep tax cuts for households earning less than $400,000 annually and that he would raise taxes on corporations and beef up IRS enforcement, which would also raise revenues.

White House Warns On GOP Tax Plans If Trump Wins And Republicans Control Congress

Economic chief Lael Brainard says there are four ways the GOP could pay for more tax cuts — and none of them are good.

www.huffpost.com

It's all a lie. Why do you lie?

 

[sealybobo]

It's all a lie. Why do you lie?

You'll have to be more specific. Come on. Back me into a corner. Call out 1 lie and let's discuss you mental midget. Who knows you might win.

 

[Independent thinker]

The same folks who are struggling today, were struggling 6yrs ago.

Except there are many more struggling now than there were before and they're all struggling worse than they were.

 

[1srelluc]

That's in Texas. Blame Abbott.

It does not matter......Things are rough all over when it comes to Bideomics.

 

[Superbadbrutha]

Except there are many more struggling now than there were before and they're all struggling worse than they were.

These same folks have been struggling for 10, 20, 30, 40yrs.

 

[Independent thinker]

These same folks have been struggling for 10, 20, 30, 40yrs.

They are struggling worse now and many others have joined them. Ignore that at your own peril.

 

[The Duke]

"This morning, stock markets are up after better-than-expected inflation numbers were released by the federal government. According to latest inflation data, consumer prices in America rose at a 3.3% rate, which is slower than the 3.4% rate that was recorded in April. Economists, however, predicted that the Consumer Price Index would increase by .1% and have an annual gain of 3.4%. That turned out to be untrue.

In addition, prices were flat across America, making this the first time that the Consumer Price Index did not rise on a monthly basis. It is becoming clearer with each passing report out of the Department of Labor that the Biden Administration's policies to combat inflation are working, defying expectations in the process.

This is nothing new for this Administration. Following the COVID-19 pandemic, many economists predicted that President Biden would oversee a recession in America given how high inflation was. President Biden inherited an economy that was bleeding jobs due to the failures during the Trump Administration.

Instead of succumbing to the expectations from economists, the Biden Administration has repeatedly defied all expectations, adding hundreds of thousands of new jobs each month, and seeing inflation slow across the board for American families."

https://meidasnews.com/news/biden-economy-does-better-than-expected-again

Another Democratic president cleans up yet another Republican economic mess.

Hey Stupid! Americans just lost 10%+ of their wealth today because of Biden policies.

STFU and sit the fuck down.

https://www.newsmax.com/finance/streettalk/saudi-arabia-petrodollar-deal/2024/06/13/id/1168608/

There will be major hate directed at Democrats tomorrow!

Sweet Dreams, cupcake.