The Economy is Booming Like Never Before !!

[DBA]

+2.13% GDP growth in 2019, with mega mega deficits ...

That's not a booming economy, that is a garbage economy, and that is what Trump had. A weak low growth economy with bigtime deficts.

Do you understand anything about inflation? Do you think that if you got a 5% pay raise that you are benefitting when inflation is running nearly 7%? Do you realize that it is tied to the GDP? Look, I will make money in the market during all of this because I have the capital to buy the ups and the downs. The economy however is on horrible footing, but they have convinced the low IQ Democrats that it is great by giving them freebies and promising even more.

 

[DBA]

Where were you in 2019.
weak GDP growth of only +2.13% (Biden just put up a +7% spot)
Trump also had mega deficits to get that weak low growth...

Inflation is inline with GDP so we are at best on equal footing with 2019 and we are coming out of pandemic.

 

[DBA]

I ASK AGAIN

WHEN IS A REPUBLICAN GOING TO HAVE AN ECONOMY THIS GOOD??
WHEN IS A REPUBLICAN GOING TO PUT UP 7% GDP???

When will a Republican going to put up 7% inflation?

 

[The Banker]

Do you understand anything about inflation? Do you think that if you got a 5% pay raise that you are benefitting when inflation is running nearly 7%? Do you realize that it is tied to the GDP? Look, I will make money in the market during all of this because I have the capital to buy the ups and the downs. The economy however is on horrible footing, but they have convinced the low IQ Democrats that it is great by giving them freebies and promising even more.

IT IS NOT TIED TO GDP, REAL GDP subtracts inflation...

DO you understand that a substantial amount of inflation is due to the ports, supply chains, and covid ??

All that is set to ease in about 6 months, but the economy will still boom. Inflation will drop diwn to a more normal level..

What was inflation in the 80's during Reagan's economic expansion??? 5%, so again, when is a republican going to have an economy as good as the Biden Boom??

Reopublicans have failed and failed miserably on the economy, with 11 of the last 12 recession all on their watch.

 

[Not a Monkeys Uncle]

Unprecedented Economic Boom Under Trump​

Before the China Virus invaded our shores, we built the world’s most prosperous economy.

• America gained 7 million new jobs – more than three times government experts’ projections.
• Middle-Class family income increased nearly $6,000 – more than five times the gains during the entire previous administration.
• The unemployment rate reached 3.5 percent, the lowest in a half-century.
• Achieved 40 months in a row with more job openings than job-hirings.
• More Americans reported being employed than ever before – nearly 160 million.
• Jobless claims hit a nearly 50-year low.
• The number of people claiming unemployment insurance as a share of the population hit its lowest on record.
• Incomes rose in every single metro area in the United States for the first time in nearly 3 decades.

Delivered a future of greater promise and opportunity for citizens of all backgrounds.

• Unemployment rates for African Americans, Hispanic Americans, Asian Americans, Native Americans, veterans, individuals with disabilities, and those without a high school diploma all reached record lows.
• Unemployment for women hit its lowest rate in nearly 70 years.
• Lifted nearly 7 million people off of food stamps.
• Poverty rates for African Americans and Hispanic Americans reached record lows.
• Income inequality fell for two straight years, and by the largest amount in over a decade.
• The bottom 50 percent of American households saw a 40 percent increase in net worth.
• Wages rose fastest for low-income and blue collar workers – a 16 percent pay increase.
• African American homeownership increased from 41.7 percent to 46.4 percent.

Brought jobs, factories, and industries back to the USA.

• Created more than 1.2 million manufacturing and construction jobs.
• Put in place policies to bring back supply chains from overseas.
• Small business optimism broke a 35-year old record in 2018.

Hit record stock market numbers and record 401ks.

• The DOW closed above 20,000 for the first time in 2017 and topped 30,000 in 2020.
• The S&P 500 and NASDAQ have repeatedly notched record highs.

Rebuilding and investing in rural America.

• Signed an Executive Order on Modernizing the Regulatory Framework for Agricultural Biotechnology Products, which is bringing innovative new technologies to market in American farming and agriculture.
• Strengthened America’s rural economy by investing over $1.3 billion through the Agriculture Department’s ReConnect Program to bring high-speed broadband infrastructure to rural America.

Achieved a record-setting economic comeback by rejecting blanket lockdowns.

• An October 2020 Gallup survey found 56 percent of Americans said they were better off during a pandemic than four years prior.
• During the third quarter of 2020, the economy grew at a rate of 33.1 percent – the most rapid GDP growth ever recorded.
• Since coronavirus lockdowns ended, the economy has added back over 12 million jobs, more than half the jobs lost.
• Jobs have been recovered 23 times faster than the previous administration’s recovery.
• Unemployment fell to 6.7 percent in December, from a pandemic peak of 14.7 percent in April – beating expectations of well over 10 percent unemployment through the end of 2020.
• Under the previous administration, it took 49 months for the unemployment rate to fall from 10 percent to under 7 percent compared to just 3 months for the Trump Administration.
• Since April, the Hispanic unemployment rate has fallen by 9.6 percent, Asian-American unemployment by 8.6 percent, and Black American unemployment by 6.8 percent.
• 80 percent of small businesses are now open, up from just 53 percent in April.
• Small business confidence hit a new high.
• Homebuilder confidence reached an all-time high, and home sales hit their highest reading since December 2006.
• Manufacturing optimism nearly doubled.
• Household net worth rose $7.4 trillion in Q2 2020 to $112 trillion, an all-time high.
• Home prices hit an all-time record high.
• The United States rejected crippling lockdowns that crush the economy and inflict countless public health harms and instead safely reopened its economy.
• Business confidence is higher in America than in any other G7 or European Union country.
• Stabilized America’s financial markets with the establishment of a number of Treasury Department supported facilities at the Federal Reserve.

---

---

Tax Relief for the Middle Class​

Passed $3.2 trillion in historic tax relief and reformed the tax code.

• Signed the Tax Cuts and Jobs Act – the largest tax reform package in history.
• More than 6 million American workers received wage increases, bonuses, and increased benefits thanks to the tax cuts.
• A typical family of four earning $75,000 received an income tax cut of more than $2,000 – slashing their tax bill in half.
• Doubled the standard deduction – making the first $24,000 earned by a married couple completely tax-free.
• Doubled the child tax credit.
• Virtually eliminated the unfair Estate Tax, or Death Tax.
• Cut the business tax rate from 35 percent – the highest in the developed world – all the way down to 21 percent.
• Small businesses can now deduct 20 percent of their business income.
• Businesses can now deduct 100 percent of the cost of their capital investments in the year the investment is made.
• Since the passage of tax cuts, the share of total wealth held by the bottom half of households has increased, while the share held by the top 1 percent has decreased.
• Over 400 companies have announced bonuses, wage increases, new hires, or new investments in the United States.
• Over $1.5 trillion was repatriated into the United States from overseas.
• Lower investment cost and higher capital returns led to faster growth in the middle class, real wages, and international competitiveness.

Jobs and investments are pouring into Opportunity Zones.

• Created nearly 9,000 Opportunity Zones where capital gains on long-term investments are taxed at zero.
• Opportunity Zone designations have increased property values within them by 1.1 percent, creating an estimated $11 billion in wealth for the nearly half of Opportunity Zone residents who own their own home.
• Opportunity Zones have attracted $75 billion in funds and driven $52 billion of new investment in economically distressed communities, creating at least 500,000 new jobs.
• Approximately 1 million Americans will be lifted from poverty as a result of these new investments.
• Private equity investments into businesses in Opportunity Zones were nearly 30 percent higher than investments into businesses in similar areas that were not designated Opportunity Zones.

---

---

Massive Deregulation​

Ended the regulatory assault on American Businesses and Workers.

• Instead of 2-for-1, we eliminated 8 old regulations for every 1 new regulation adopted.
• Provided the average American household an extra $3,100 every year.
• Reduced the direct cost of regulatory compliance by $50 billion, and will reduce costs by an additional $50 billion in FY 2020 alone.
• Removed nearly 25,000 pages from the Federal Register – more than any other president. The previous administration added over 16,000 pages.
• Established the Governors’ Initiative on Regulatory Innovation to reduce outdated regulations at the state, local, and tribal levels.
• Signed an executive order to make it easier for businesses to offer retirement plans.
• Signed two executive orders to increase transparency in Federal agencies and protect Americans and their small businesses from administrative abuse.
• Modernized the National Environmental Policy Act (NEPA) for the first time in over 40 years.
• Reduced approval times for major infrastructure projects from 10 or more years down to 2 years or less.
• Helped community banks by signing legislation that rolled back costly provisions of Dodd-Frank.
• Established the White House Council on Eliminating Regulatory Barriers to Affordable Housing to bring down housing costs.
• Removed regulations that threatened the development of a strong and stable internet.
• Eased and simplified restrictions on rocket launches, helping to spur commercial investment in space projects.
• Published a whole-of-government strategy focused on ensuring American leadership in automated vehicle technology.
• Streamlined energy efficiency regulations for American families and businesses, including preserving affordable lightbulbs, enhancing the utility of showerheads, and enabling greater time savings with dishwashers.
• Removed unnecessary regulations that restrict the seafood industry and impede job creation.
• Modernized the Department of Agriculture’s biotechnology regulations to put America in the lead to develop new technologies.
• Took action to suspend regulations that would have slowed our response to COVID-19, including lifting restrictions on manufacturers to more quickly produce ventilators.

Successfully rolled back burdensome regulatory overreach.

• Rescinded the previous administration’s Affirmatively Furthering Fair Housing (AFFH) rule, which would have abolished zoning for single-family housing to build low-income, federally subsidized apartments.
• Issued a final rule on the Fair Housing Act’s disparate impact standard.
• Eliminated the Waters of the United States Rule and replaced it with the Navigable Waters Protection Rule, providing relief and certainty for farmers and property owners.
• Repealed the previous administration’s costly fuel economy regulations by finalizing the Safer Affordable Fuel Efficient (SAFE) Vehicles rule, which will make cars more affordable, and lower the price of new vehicles by an estimated $2,200.

Americans now have more money in their pockets.

• Deregulation had an especially beneficial impact on low-income Americans who pay a much higher share of their incomes for overregulation.
• Cut red tape in the healthcare industry, providing Americans with more affordable healthcare and saving Americans nearly 10 percent on prescription drugs.
• Deregulatory efforts yielded savings to the medical community an estimated $6.6 billion – with a reduction of 42 million hours of regulatory compliance work through 2021.
• Removed government barriers to personal freedom and consumer choice in healthcare.
• Once fully in effect, 20 major deregulatory actions undertaken by the Trump Administration are expected to save American consumers and businesses over $220 billion per year.
• Signed 16 pieces of deregulatory legislation that will result in a $40 billion increase in annual real incomes.

 

[The Banker]

Inflation is inline with GDP so we are at best on equal footing with 2019 and we are coming out of pandemic.

you dumb as fuck moron.

REAL GDP is at 7%, they subtract for inflation retard !!!
AHAHAHAHA !!!
You dumb fuck !!!!!

 

[KissMy]

Every Republican President in History Caused Job Killing Recessions!!!

 

[The Banker]

Unprecedented Economic Boom Under Trump​

Before the China Virus invaded our shores, we built the world’s most prosperous economy.

• America gained 7 million new jobs – more than three times government experts’ projections.
• Middle-Class family income increased nearly $6,000 – more than five times the gains during the entire previous administration.
• The unemployment rate reached 3.5 percent, the lowest in a half-century.
• Achieved 40 months in a row with more job openings than job-hirings.
• More Americans reported being employed than ever before – nearly 160 million.
• Jobless claims hit a nearly 50-year low.
• The number of people claiming unemployment insurance as a share of the population hit its lowest on record.
• Incomes rose in every single metro area in the United States for the first time in nearly 3 decades.

Delivered a future of greater promise and opportunity for citizens of all backgrounds.

• Unemployment rates for African Americans, Hispanic Americans, Asian Americans, Native Americans, veterans, individuals with disabilities, and those without a high school diploma all reached record lows.
• Unemployment for women hit its lowest rate in nearly 70 years.
• Lifted nearly 7 million people off of food stamps.
• Poverty rates for African Americans and Hispanic Americans reached record lows.
• Income inequality fell for two straight years, and by the largest amount in over a decade.
• The bottom 50 percent of American households saw a 40 percent increase in net worth.
• Wages rose fastest for low-income and blue collar workers – a 16 percent pay increase.
• African American homeownership increased from 41.7 percent to 46.4 percent.

Brought jobs, factories, and industries back to the USA.

• Created more than 1.2 million manufacturing and construction jobs.
• Put in place policies to bring back supply chains from overseas.
• Small business optimism broke a 35-year old record in 2018.

Hit record stock market numbers and record 401ks.

• The DOW closed above 20,000 for the first time in 2017 and topped 30,000 in 2020.
• The S&P 500 and NASDAQ have repeatedly notched record highs.

Rebuilding and investing in rural America.

• Signed an Executive Order on Modernizing the Regulatory Framework for Agricultural Biotechnology Products, which is bringing innovative new technologies to market in American farming and agriculture.
• Strengthened America’s rural economy by investing over $1.3 billion through the Agriculture Department’s ReConnect Program to bring high-speed broadband infrastructure to rural America.

Achieved a record-setting economic comeback by rejecting blanket lockdowns.

• An October 2020 Gallup survey found 56 percent of Americans said they were better off during a pandemic than four years prior.
• During the third quarter of 2020, the economy grew at a rate of 33.1 percent – the most rapid GDP growth ever recorded.
• Since coronavirus lockdowns ended, the economy has added back over 12 million jobs, more than half the jobs lost.
• Jobs have been recovered 23 times faster than the previous administration’s recovery.
• Unemployment fell to 6.7 percent in December, from a pandemic peak of 14.7 percent in April – beating expectations of well over 10 percent unemployment through the end of 2020.
• Under the previous administration, it took 49 months for the unemployment rate to fall from 10 percent to under 7 percent compared to just 3 months for the Trump Administration.
• Since April, the Hispanic unemployment rate has fallen by 9.6 percent, Asian-American unemployment by 8.6 percent, and Black American unemployment by 6.8 percent.
• 80 percent of small businesses are now open, up from just 53 percent in April.
• Small business confidence hit a new high.
• Homebuilder confidence reached an all-time high, and home sales hit their highest reading since December 2006.
• Manufacturing optimism nearly doubled.
• Household net worth rose $7.4 trillion in Q2 2020 to $112 trillion, an all-time high.
• Home prices hit an all-time record high.
• The United States rejected crippling lockdowns that crush the economy and inflict countless public health harms and instead safely reopened its economy.
• Business confidence is higher in America than in any other G7 or European Union country.
• Stabilized America’s financial markets with the establishment of a number of Treasury Department supported facilities at the Federal Reserve.

---

---

Tax Relief for the Middle Class​

Passed $3.2 trillion in historic tax relief and reformed the tax code.

• Signed the Tax Cuts and Jobs Act – the largest tax reform package in history.
• More than 6 million American workers received wage increases, bonuses, and increased benefits thanks to the tax cuts.
• A typical family of four earning $75,000 received an income tax cut of more than $2,000 – slashing their tax bill in half.
• Doubled the standard deduction – making the first $24,000 earned by a married couple completely tax-free.
• Doubled the child tax credit.
• Virtually eliminated the unfair Estate Tax, or Death Tax.
• Cut the business tax rate from 35 percent – the highest in the developed world – all the way down to 21 percent.
• Small businesses can now deduct 20 percent of their business income.
• Businesses can now deduct 100 percent of the cost of their capital investments in the year the investment is made.
• Since the passage of tax cuts, the share of total wealth held by the bottom half of households has increased, while the share held by the top 1 percent has decreased.
• Over 400 companies have announced bonuses, wage increases, new hires, or new investments in the United States.
• Over $1.5 trillion was repatriated into the United States from overseas.
• Lower investment cost and higher capital returns led to faster growth in the middle class, real wages, and international competitiveness.

Jobs and investments are pouring into Opportunity Zones.

• Created nearly 9,000 Opportunity Zones where capital gains on long-term investments are taxed at zero.
• Opportunity Zone designations have increased property values within them by 1.1 percent, creating an estimated $11 billion in wealth for the nearly half of Opportunity Zone residents who own their own home.
• Opportunity Zones have attracted $75 billion in funds and driven $52 billion of new investment in economically distressed communities, creating at least 500,000 new jobs.
• Approximately 1 million Americans will be lifted from poverty as a result of these new investments.
• Private equity investments into businesses in Opportunity Zones were nearly 30 percent higher than investments into businesses in similar areas that were not designated Opportunity Zones.

---

---

Massive Deregulation​

Ended the regulatory assault on American Businesses and Workers.

• Instead of 2-for-1, we eliminated 8 old regulations for every 1 new regulation adopted.
• Provided the average American household an extra $3,100 every year.
• Reduced the direct cost of regulatory compliance by $50 billion, and will reduce costs by an additional $50 billion in FY 2020 alone.
• Removed nearly 25,000 pages from the Federal Register – more than any other president. The previous administration added over 16,000 pages.
• Established the Governors’ Initiative on Regulatory Innovation to reduce outdated regulations at the state, local, and tribal levels.
• Signed an executive order to make it easier for businesses to offer retirement plans.
• Signed two executive orders to increase transparency in Federal agencies and protect Americans and their small businesses from administrative abuse.
• Modernized the National Environmental Policy Act (NEPA) for the first time in over 40 years.
• Reduced approval times for major infrastructure projects from 10 or more years down to 2 years or less.
• Helped community banks by signing legislation that rolled back costly provisions of Dodd-Frank.
• Established the White House Council on Eliminating Regulatory Barriers to Affordable Housing to bring down housing costs.
• Removed regulations that threatened the development of a strong and stable internet.
• Eased and simplified restrictions on rocket launches, helping to spur commercial investment in space projects.
• Published a whole-of-government strategy focused on ensuring American leadership in automated vehicle technology.
• Streamlined energy efficiency regulations for American families and businesses, including preserving affordable lightbulbs, enhancing the utility of showerheads, and enabling greater time savings with dishwashers.
• Removed unnecessary regulations that restrict the seafood industry and impede job creation.
• Modernized the Department of Agriculture’s biotechnology regulations to put America in the lead to develop new technologies.
• Took action to suspend regulations that would have slowed our response to COVID-19, including lifting restrictions on manufacturers to more quickly produce ventilators.

Successfully rolled back burdensome regulatory overreach.

• Rescinded the previous administration’s Affirmatively Furthering Fair Housing (AFFH) rule, which would have abolished zoning for single-family housing to build low-income, federally subsidized apartments.
• Issued a final rule on the Fair Housing Act’s disparate impact standard.
• Eliminated the Waters of the United States Rule and replaced it with the Navigable Waters Protection Rule, providing relief and certainty for farmers and property owners.
• Repealed the previous administration’s costly fuel economy regulations by finalizing the Safer Affordable Fuel Efficient (SAFE) Vehicles rule, which will make cars more affordable, and lower the price of new vehicles by an estimated $2,200.

Americans now have more money in their pockets.

• Deregulation had an especially beneficial impact on low-income Americans who pay a much higher share of their incomes for overregulation.
• Cut red tape in the healthcare industry, providing Americans with more affordable healthcare and saving Americans nearly 10 percent on prescription drugs.
• Deregulatory efforts yielded savings to the medical community an estimated $6.6 billion – with a reduction of 42 million hours of regulatory compliance work through 2021.
• Removed government barriers to personal freedom and consumer choice in healthcare.
• Once fully in effect, 20 major deregulatory actions undertaken by the Trump Administration are expected to save American consumers and businesses over $220 billion per year.
• Signed 16 pieces of deregulatory legislation that will result in a $40 billion increase in annual real incomes.

Yet Trump still had weak low +2.13% GDP in 2019, Biden just gave us 7% GDP !!!

On top of that Trump crashed the economy and mis-managed covid.
Trump had massive mega deficits and spent like a drunken sailor.

Trump's economy was the same as Obama's.

 

[Nova78]

We did, under Trump, fool.
Biden is a studdering fool.

Enjoy the booming economy, the best economy of the 21st century.

The best job growth and the best GDP growth, with a booming stock market.

I ask again. When is a republican going to have an economy this strong

 

[The Banker]

We did, under Trump, fool.
Biden is a studdering fool.

Huh??
Trump[ gave us weak low growth. trump never had a good economy. LOOK AT THE FACTS AND NUMBERS

+2.13% GDP in 2019. Biden just put up a big +7% handle.

Biden is crushing Trump.

 

[TroglocratsRdumb]

We are on the brink of a depression

 

[The Banker]

We are on the brink of a depression

Yet we just added 500+k jobs in Dec and 467+k jobs in Jan...

The facts do not support anything you say

 

[TroglocratsRdumb]

Democrats always wreck the economy

 

[The Banker]

Democrats always wreck the economy

Great response right there. Too bad all the recessions happen under the idiot GOP. 11 of the last 12 recessions all under the GOP

 

[TroglocratsRdumb]

Biden has increased the poverty rate

 

[miketx]

Get back to me when a republican can have a booming economy, something they have not had in a very very long time.

No republican has had an economy this strong.

What a lying sack.

 

[The Banker]

What a lying sack.

AHAHAHAHA!!
The facts crush you and reduce you to tears !!

No republican has ever had an economy this good. Biden has given us a booming +7% GDP !!!!!!
Biden is giving us millions of Jobs jobs jobs !!!!

 

[Couchpotato]

IT IS NOT TIED TO GDP, REAL GDP subtracts inflation...

DO you understand that a substantial amount of inflation is due to the ports, supply chains, and covid ??

All that is set to ease in about 6 months, but the economy will still boom. Inflation will drop diwn to a more normal level..

What was inflation in the 80's during Reagan's economic expansion??? 5%, so again, when is a republican going to have an economy as good as the Biden Boom??

Reopublicans have failed and failed miserably on the economy, with 11 of the last 12 recession all on their watch.

Then you have nothing to worry about in November. Im sure you'll expand your majorities in both houses of Congress. Good Luck.

 

[The Banker]

Then you have nothing to worry about in November. Im sure you'll expand your majorities in both houses of Congress. Good Luck.

I don't care aboiut elections, I care about America.

That is the difference between D and R, republicans only care about winning election not America. Republicans have destroyed America as Bush and Trump were failed presidents with failed results that gutted America.

Biden has rebuilt America back better. The economy is booming now and America is booming. No republican has ever had an economy this strong

 

[Hellokitty]

Great the economy is boomer so we should be able to lower everyones taxes and there should be less people needing government assistance so we can do away with some of the government give aways. So libs what's 1st on the chopping block?