Biden’s grade on the economy rises to A-

The World Bank predicts the weakest four years of global economic growth since the 1990s.
Can capitalism be without crises that make millions of people poor? Of course it can't.
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Joe Biden is making us all poor.
  • Inflation surged to the highest level in over 40 years. Despite slowing their rise lately, consumer prices are up nearly 17.1% overall. Gasoline is up 50.3%.
  • Average weekly earnings haven’t kept pace with prices. After adjusting for inflation, “real” weekly earnings dropped 3.9%.
Joseph Biden (God's choice) beats Trump in every single category.

Today: ENERGY

 
I have often pointed out that the best indicators of the health of the present & future U.S. economy, especially in this dangerous world of decoupling trade relations and Putin’s War in Europe, is … not past high worldwide inflation coming from Covid logistical disruptions globally (now mostly ended).

It is not even the strong stock market and the seemingly successful Federal Reserve policy of raising interest rates to handle that inflation without a hard-landing recession.

The best indicators are the strong labor market, increasing wages and profits (which will bring higher tax receipts) and above all the truly remarkable levels of new factory creation in the U.S., which should bring increasing efficiency and domestic productivity.

See the incredible Federal Reserve chart below:

 
I have often pointed out that the best indicators of the health of the present & future U.S. economy, especially in this dangerous world of decoupling trade relations and Putin’s War in Europe, is … not past high worldwide inflation coming from Covid logistical disruptions globally (now mostly ended).

It is not even the strong stock market and the seemingly successful Federal Reserve policy of raising interest rates to handle that inflation without a hard-landing recession.

The best indicators are the strong labor market, increasing wages and profits (which will bring higher tax receipts) and above all the truly remarkable levels of new factory creation in the U.S., which should bring increasing efficiency and domestic productivity.

See the incredible Federal Reserve chart below:


1705976325045.png
 
Thank you for figuring out how to print out this remarkable graph, Toddsterpatriot !

I’m not sure if your comment “Math is hard, harder if you're a liberal.....” was meant to refer to me or the graph, or was just a general comment about liberals. But no matter. The graph speaks for itself. Thanks again.

A general comment about liberals.
Decades old.
 
Many people are saying this is the most beautiful economy they've ever seen. If this wasn't Biden's economy he'd probably be dating it. Biden is the only one who can fix things.


Biden’s grade on the economy rises to A-

President Biden has an enviable problem: The economy under his watch is doing a lot better than voters give him credit for.

In the latest update of the Yahoo Finance Bidenomics Report Card, Biden’s grade on the economy rose from B+ to A-. This isn’t our opinion. It’s what the numbers tell us. We developed this methodology at the beginning of the Trump administration, with the help of Moody’s Analytics, and we’ve kept it in place for Biden. We determine each president’s grade by tracking six economic indicators back to the 1970s and rating how the current president compares with the prior seven at the same point in their first terms, going back to Jimmy Carter. (Here’s our full methodology.)

Of the eight presidents, Biden gets the highest marks for the total number of new jobs created since he took office, and also for real GDP growth per capita. Biden also gets top marks for the increase in exports during his presidency, although that data only goes back to 1993, so he’s the best of five presidents.

Biden gets second-best marks for the number of new manufacturing jobs, and for gains in the S&P 500 stock index. His only sub-par number is on average hourly earnings, where he ranks second-last.

More at the link.


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