Biden Economy Does Better Than Expected (Again)

[Superbadbrutha]

It didn’t. We actually have the numbers.

Why do you lie?

Post the numbers.

 

[struth]

Post the numbers.

I have. I am not going to keep going in circles with you.

 

[Harpy Eagle]

First off, many Americans can't afford to live anymore.

How many?

At what rate are they dying off?

 

[PredFan]

Not a single person who isn't rich or an left wing nut job actually believes that this is a good economy. the ONLY way to accurately rate Biden's economy is to compare it to Trump's and when you do that honestly, Biden fails in every single aspect.

 

[Godboy]

The economy is not good? Says who?

Literally everyone.

 

[ThisIsMe]

The economy is not good? Says who?

Corporate profits, stock market, everything is great. In fact, if Republicans were being honest, poorly paid uneducated blue collar workers maxes out profits. They don't really want to pay them more. They don't really want the government to go after illegal employers.

From 2019 to 2022, the median net worth of American families jumped 37% to $192,900, after adjusting for inflation. It’s the largest increase ever recorded by the federal Survey of Consumer Finances, released last fall. Surging home values and rising stock ownership fed the surge.

So you want to help uneducated blue collar workers after you sent their jobs overseas in the 2000's because they made too much? I call bullshit. How much is a uneducated blue collar deplorable worth to you hourly? $15? $18? That's less than $38K a year

About the rise in median net worth..wouldn’t that be attributed to the rise in home prices due to high demand, brought in by inflations, the pandemic, and higher mortgage rates?

What other explanation could there be for people having a 37% jump in net worth?

 

[ThisIsMe]

"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.

Wasn’t the bleeding of jobs caused by the pandemic shutting everything down?

That’s not a failure on trumps part, it was the pandemic.

 

[ThisIsMe]

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

Why can’t you raise revenue by cutting spending? That seems to be the most logical way to do it.

 

[22lcidw]

Four years ago the government was printing billions of dollars and dropping it into people’s bank accounts.

Is that what you want to do now?

I understand a small percentage of inflation for that. It was Progs who shut down their cities and states. Trillions of dollars were printed in make believe Prog Socialist scams to fill up their coffers and privileged employment union coffers also and anything related. 8 electric charging stations so far and the world scheduled to be destroyed in 2030 from climate change. No Internet in areas that were supposed to get it so far. Roads and bridges we are not hearing of any refurbishment or news ones. Joe is paying off people who went to college's loans. Near 200 billion for Ukraine. If I go to the market and spend 150 dollars when it was 100 dollars a few years ago, with income increase less than half of the inflation increase well, you understand. And look how they are snookering the Social Security Increases. They are screwing the older ones over.

 

[Independent thinker]

How many?

At what rate are they dying off?

Dying off? LOL. Now that's hilarious. No matter how hard Americans are having ends meet, it doesn't count unless they die off? Yes, you should run on this campaign theme.

 

[Superbadbrutha]

I have. I am not going to keep going in circles with you.

You have been going in circles your whole life.

 

[Lastamender]

You say the silliest things without evidence without numbers. Just emigrate to Texas.

You say the silliest things with manipulated numbers.