Don’t let the rightwing fool you: the economy is doing well under Biden

[Lesh]

The idiot red neck "economists" on this thread are fucking mindboggling

 

[otto105]

Oh my God. PURE LIE

How can you look yourself in the mirror and lie like that. Disgusting.

What's not to like other than pandemic supply chain issues?

 

[armadei]

The idiot red neck "economists" on this thread are fucking mindboggling

You're right. Biden is a economic genius and we're all just imagining this shit....

 

[Foolardi]

Trust me I noticed how you couldn’t explain how I was wrong.

Wrong ... Right .. or inbetween
To Grandma's House goes slow old joe.

 

[Eric Arthur Blair]

This is going to kill Republicans.

Remember as a presidential candidate in 2016, Donald Trump made bold predictions about the kind of economic growth the United States would see if he were elected. 4-6% growth. It was among the most jarring of Trump's broken promises. Even before the pandemic, GDP growth in Trump's first three years failed to reach 3 percent.

But as it turns out, the U.S. economy was able to reach growth rates unseen in a generation, but it happened under President Joe Biden.

The nation's GDP expanded 5.7% in 2021. The economy ended the year by growing at an unexpectedly brisk 6.9% annual pace from October through December, the Commerce Department reported Thursday.

By any fair measure, this is excellent news that exceeded expectations. In fact, a year ago, none of the major forecasters were projecting growth this strong in the United States. Domestic growth even outpaced China's economic growth in 2021 for the first time in decades.

In Biden's first year, economic growth reached a 37-year high

Kevin McCarthy argued last year that Joe Biden's policies "have stalled our recovery," adding, "Bidenomics is bad for America." Yeah, about that...

www.msnbc.com

"in a recent NBC News national poll, net approval of Biden’s performance on the economy dropped from +9 in April to -17 in October."

Biden’s approval rating is very bad

Democrats’ Virginia loss and the close New Jersey race may have a common root.

www.vox.com

 

[AzogtheDefiler]

The economy isn’t perfect, so naturally republicans cherry pick the negative and pretend the positive isn’t occurring.

No one is going to pretend inflation isn’t important, but if you pretend it’s the only thing that matters, you sound dumb.

1)The Dow has increased 16.8% under Biden
The S&P has seen more records under Biden than Trump. 63.

2) The number of people working under Biden has grown by 5.8 million. Trump’s record on this same stretch of time was pitiful.

3) Wages have increased by 3.1% even though this increase has been slower than inflation. $31 per hour average

4) The unemployment rate has fallen to 4.6%

5) Checking accounts are 50% fatter than they were pre-pandemic. The bottom 50% of earners have 3 trillion more in wealth.

All topics | JPMorganChase

www.jpmorganchase.com

https://www.washingtonpost.com/politics/2021/11/09/biden-economy-is-doing-pretty-well-by-measures-trump-used-evaluate-his-own/

‘Betraying the American people’: Leaked video reveals Joe Biden’s ‘hush hush’ migrant invasion

Under the cover of darkness, the Biden administration is transporting illegal immigrants as fast as they can on secret charter flights into unsuspecting communities around the US — all on the taxpa…

www.google.com

How do you defend this? Economy?

 

[Eric Arthur Blair]

"in a recent NBC News national poll, net approval of Biden’s performance on the economy dropped from +9 in April to -17 in October."

Biden’s approval rating is very bad

Democrats’ Virginia loss and the close New Jersey race may have a common root.

www.vox.com

Funny how most people aren't enthused by Biden's "great economy".
How very odd and unusual.

 

[Eric Arthur Blair]

The idiot red neck "economists" on this thread are fucking mindboggling

Watch your blood pressure.

 

[Billy000]

Then why is Biden negating all of those metrics with inflationary policies? Egregious government spending and increased energy prices? Think about it? Your wages are up but your costs have skyrocketed. So, we are celebrating a “wash” at best.

They have not skyrocketed. That’s just bullshit. They are higher and some people can’t afford it, but those wages will remain in place for the long term. This inflation issue is only temporary in comparison. Every other economic metric is doing better under Biden than Trump but you are too childish to acknowledge it.

 

[Ray From Cleveland]

ou're right. Biden is a economic genius and we're all just imagining this shit....

Not entirely his fault. Comiefornia passed a bill HR-5. It forbids non-union truckers from operating in the state. It also forbids trucks that are older than 2011. So there is a huge driver shortage stopping trucks from hauling those containers once unloaded.

 

[armadei]

This inflation issue is only temporary in comparison.

AAHAAHAHHHHAAAA HAHA AHA HAHAAAA!


You poor soul you...

 

[Ray From Cleveland]

They have not skyrocketed. That’s just bullshit. They are higher and some people can’t afford it, but those wages will remain in place for the long term. This inflation issue is only temporary in comparison. Every other economic metric is doing better under Biden than Trump but you are too childish to acknowledge it.

No, those higher wages will not last forever. If this idiocy ever stabilizes, wage offers will go back down once again. Inflation is the highest it's been in several decades. So if you don't think that's skyrocketed, I don't know what you think is.

 

[otto105]

You're right. Biden is a economic genius and we're all just imagining this shit....

View attachment 593590

That's capitalism at work.

 

[Billy000]

No, those higher wages will not last forever. If this idiocy ever stabilizes, wage offers will go back down once again. Inflation is the highest it's been in several decades. So if you don't think that's skyrocketed, I don't know what you think is.

Dude you’re just making shit up on the spot. You’re just saying whatever sounds the most contrary regardless of any factual information to back you up.

 

[Ray From Cleveland]

Dude you’re just making shit up on the spot. You’re just saying whatever sounds the most contrary regardless of any factual information to back you up.

Not at all. It's the generation old philosophy of supply and demand. Right now demand for employees is high and has been for several months, so employers have to offer more money since they were competing with government that was paying people more to stay home than work. Eventually that demand will be met and give us more supply, which means wages will decrease.

When employers have to pay higher costs for labor, the price of their products or services must increase as well, and that's a key element to the inflation problem we have today; we're all paying much more for the things we want or need. That's what inflation means. And as supply and demand always goes, the demand for supplies needed for manufacturers to make their products increase, it only adds to the agony of our inflation problem.

You see if Trump was reelected, he would have never signed that pork bill by the Democrats that included all that extra unemployment money. As jobs opened back up thanks to the vaccines, people would have taken those jobs when they became available. Instead, the jobs became available and nobody was taking them because they made better money staying home. As people run out of government money, they will have to return back to the workforce.

 

[Faun]

You're right. Biden is a economic genius and we're all just imagining this shit....

LOLOLOL

If you're vying for USMB's dumbest poster, watch out because bripat9643 will give you a run for your money.

Dumbfuck, that photo is from off the coast of Thailand when Trump was president.

Pandemic leaves cargo ship crews all at sea - InDaily

Consumers and global trade have become increasingly reliant on cargo ships since the pandemic hit air traffic, but port public health restrictions have left hundreds of thousands of crew stranded aboard their vessels, unable to leave, writes <strong>Christiaan De Beukelaer.</strong>

indaily.com.au

 

[otto105]

Not at all. It's the generation old philosophy of supply and demand. Right now demand for employees is high and has been for several months, so employers have to offer more money since they were competing with government that was paying people more to stay home than work. Eventually that demand will be met and give us more supply, which means wages will decrease.

When employers have to pay higher costs for labor, the price of their products or services must increase as well, and that's a key element to the inflation problem we have today; we're all paying much more for the things we want or need. That's what inflation means. And as supply and demand always goes, the demand for supplies needed for manufacturers to make their products increase, it only adds to the agony of our inflation problem.

You see if Trump was reelected, he would have never signed that pork bill by the Democrats that included all that extra unemployment money. As jobs opened back up thanks to the vaccines, people would have taken those jobs when they became available. Instead, the jobs became available and nobody was taking them because they made better money staying home. As people run out of government money, they will have to return back to the workforce.

Do tell, how will employers get employees to take less money than they make now?

 

[armadei]

LOLOLOL

If you're vying for USMB's dumbest poster, watch out because bripat9643 will give you a run for your money.

Dumbfuck, that photo is from off the coast of Thailand when Trump was president.

Pandemic leaves cargo ship crews all at sea - InDaily

Consumers and global trade have become increasingly reliant on cargo ships since the pandemic hit air traffic, but port public health restrictions have left hundreds of thousands of crew stranded aboard their vessels, unable to leave, writes <strong>Christiaan De Beukelaer.</strong>

indaily.com.au

So the article I pulled it from didn't check their sources. Oops.

Feel free to "fact check" this one.

 

[Billy000]

Not at all. It's the generation old philosophy of supply and demand. Right now demand for employees is high and has been for several months, so employers have to offer more money since they were competing with government that was paying people more to stay home than work. Eventually that demand will be met and give us more supply, which means wages will decrease.

When employers have to pay higher costs for labor, the price of their products or services must increase as well, and that's a key element to the inflation problem we have today; we're all paying much more for the things we want or need. That's what inflation means. And as supply and demand always goes, the demand for supplies needed for manufacturers to make their products increase, it only adds to the agony of our inflation problem.

You see if Trump was reelected, he would have never signed that pork bill by the Democrats that included all that extra unemployment money. As jobs opened back up thanks to the vaccines, people would have taken those jobs when they became available. Instead, the jobs became available and nobody was taking them because they made better money staying home. As people run out of government money, they will have to return back to the workforce.

Nothing you say is supported by facts. For instance, you said that less people go to work because of the “pork” in Biden’s legislation. This isnt based in reality. Despite this “pork”, the unemployment rate has gone down under Biden. That’s the shit you can’t comprehend.

Let me tell you the attributes to a cogent argument:

1) You use actual facts to support your claim.

2) You acknowledge your opponent’s argument but explain how he is ultimately misinformed. Did you notice how I am not denying that inflation is currently a problem? No. I simply say “yes, Ray, you’re right. Inflation is a problem. However, every other economic metric is better under Biden so it’s worth acknowledging it” You, on the other hand, ignore ANY of the facts I say. You are too focused on being as contrary as possible. It makes you lose credibility.

 

[sealybobo]

Only an idiot thinks recovering to pre-pandemic levels is "the economy doing well under Biden".

Just ask the average American what has happened to their grocery bill over the last 6 months.

That was going to happen anyways. Remember trump sent the first stimulus check out. Who’s to say he wouldn’t have sent more to prop up his fake economy.