Finally the truth comes out: 'Biden Gets More Bad News About the Economy'

[DigitalDrifter]

I guessed weeks back, that there would be a revision for the #'s they had previously given.

"The economy slowing down comes at a time when a majority of Americans believe that the U.S. is in a recession and blame Biden for their perceived financial challenges. Nearly 60 percent of voters say Biden is responsible for what they believe is a bad economy."

The U.S. economy accelerated at a slower pace in the first quarter than initially thought, the Commerce Department revealed on Thursday, as consumers pulled back on spending.

The news could spell trouble for President Joe Biden's reelection prospects as voters continually rate him low on his performance on the economy ahead of the election in November.

In the three months to begin the year, the economy grew at annual rate of 1.3 percent, with the latest estimate lower than the initial reading of 1.6 percent that was revealed last month. The economy slowed from the end of last year when it expanded by 3.4 percent.

MSN

 

[Moonglow]

And Trump the candidate is the reason why the US economy slowed in 2020. We now have two losers on the ballot with no other choices.

 

[excalibur]

And Trump the candidate is the reason why the US economy slowed in 2020. We now have two losers on the ballot with no other choices.

You really are a sad sack. Enjoy!

 

[g5000]

For whatever reason, Americans are badly mistaken about the economy. The economy is doing very well.

Sadly, voters vote from their perceptions rather than reality.

This thing about the US being in a recession is just stupid. Downright idiotic. The last recession was on Trump's watch during the pandemic. We are not in a recession.

Our economy came roaring back. We are in far better shape than most of the world.

I think what is warping American's perspective is the new normal of the prices for goods.

If inflation dropped to zero today, prices would not drop. That would be DEflation. And we do NOT want deflation.

You could buy a Coke for a nickel when I was a kid. It's never going to be a nickel again. But what offsets that is my income has risen at a faster rate than the price of a Coke.

That is the case in this situation. Wages have outpaced inflation. So even though you work just as many manhours, or less, to buy a Coke than you did before the pandemic, the higher price has a skewing psychological effect.

Rather than take the trouble to explain this, it is easier to just say, "BECUZ BYDEN!!!"

 

[excalibur]

For whatever reason, Americans are badly mistaken about the economy. The economy is doing very well.

Sadly, voters vote from their perceptions rather than reality.

This thing about the US being in a recession is just stupid. Downright idiotic. The last recession was on Trump's watch during the pandemic. We are not in a recession.

Our economy came roaring back. We are in far better shape than most of the world.

I think what is warping American's perspective is the new normal of the prices for goods.

If inflation dropped to zero today, prices would not drop. That would be DEflation. And we do NOT want deflation.

You could buy a Coke for a nickel when I was a kid. It's never going to be a nickel again. But what offsets that is my income has risen at a faster rate than the price of a Coke.

That is the case in this situation. Wages have outpaced inflation. So even though you work just as many manhours, or less, to buy a Coke than you did before the pandemic, the higher price has a skewing psychological effect.

Rather than take the trouble to explain this, it is easier to just say, "BECUZ BYDEN!!!"

​

 

[Zincwarrior]

Stock market jumped 564 points today.

 

[Freedomisneverfree]

 

[Harpy Eagle]

Spent the week in Vegas, would never know we were in a recession by the masses of folks there spending their money

 

[TroglocratsRdumb]

Some economists are predicting a recession later this year.
Of course, the Democrats will Trump if he is elected.


A recession would probably strike by the end of 2024, colliding with campaigning for the presidential election. If the economy is shrinking, the race for the White House in 2024 is likely to be even more toxic than expected.

A recession in America by 2024 looks likely - The Economist​

www.economist.com/leaders/2022/06/02/a-recession-in-america-by-2024-looks

 

[DigitalDrifter]

For whatever reason, Americans are badly mistaken about the economy. The economy is doing very well.

Lol!!
I know it's driving you guys crazy!!!!

 

[DigitalDrifter]

Stock market jumped 564 points today.

That's good since it lost 1000 over the last week.

 

[Zincwarrior]

That's good since it lost 1000 over the last week.

May was good. Remember when Trump gave us 13% unemployment?

https://www.cnbc.com/2024/05/30/stock-market-today-live-updates.html

 

[alang1216]

I guessed weeks back, that there would be a revision for the #'s they had previously given.

"The economy slowing down comes at a time when a majority of Americans believe that the U.S. is in a recession and blame Biden for their perceived financial challenges. Nearly 60 percent of voters say Biden is responsible for what they believe

Poor Joe. When the economy booms he gets blamed for inflation. When it slows he gets blamed for a recession.

 

[Robert W]

And Trump the candidate is the reason why the US economy slowed in 2020. We now have two losers on the ballot with no other choices.

Why do those lies keep flying? They are disgusting lies. Trump did not import CV19. Trump took massive action to get us vaccines. And haven't you used those vaccines?

 

[DigitalDrifter]

May was good. Remember when Trump gave us 13% unemployment?

https://www.cnbc.com/2024/05/30/stock-market-today-live-updates.html

You mean when Covid gave us 13% unemployment?

 

[Zincwarrior]

Why do those lies keep flying? They are disgusting lies. Trump did not import CV19. Trump took massive action to get us vaccines. And haven't you used those vaccines?

Massive unemployment. Trailers full of dead. No spare Ventilators. Trump ranting about injecting bleach.

Oh yea, we remember.

 

[Zincwarrior]

You mean when Covid gave us 13% unemployment?

Trumpeconomy.

 

[Robert W]

Trumpeconomy.

There was no CV19 at all????? Try different sources.

 

[Zincwarrior]

There was no CV19 at all????? Try different sources.

Trump economy.

 

[Lastamender]

And Trump the candidate is the reason why the US economy slowed in 2020. We now have two losers on the ballot with no other choices.

Covid was the reason for the economy. Did you really think people forgot?