US Economy Reaches Superstar Status

[Freedomisneverfree]

The Economy is doing very well under Biden. If Trump is elected the economy will go to hell in a hand basket. Trump will explode the deficit and usher in an era of real hyperinflation.

16 Nobel laureates say they're 'deeply concerned' Trump would hurt economy

There “is rightly a worry that Donald Trump will reignite this inflation, with his fiscally irresponsible budgets,” the economists wrote

ny1.com

Noting all the brainwashed Liberals that "liked" this post....

 

[Freedomisneverfree]

 

[Orangecat]

How bad off are you guys? Are you broke? Do you need government assistance?

Do you think someone needs to be broke to dislike massive inflation? Are you a fucking moron?

 

[Oddball]

Sure... all the data is wrong.. Then you have no idea if it is better or worse than the past cuz the past is wrong too. Lets just make it all up then? What a bloviated nonsense respose. If you dont like the numbers, I cant help you. They are what they are no matter how much you pout. Grow up and address reality.

The data is cherry picked and is full of lies of omission, such as the ones pointed out in the article.

People are believing their own lying eyes and ears, not your badly cooked statistics.

You shitlibs have the gaslight turned up to 11.

 

[Oddball]

Do you think someone needs to be broke to dislike massive inflation? Are you a fucking moron?

"I got mine, fuck you".

 

[Orangecat]

"I got mine, fuck you".

That turd doesn’t have shit. Libtards love to pretend they have Trump money when they’re anonymously posting online. No one with real money would waste their time doing this shit.

 

[Captain Caveman]

LOL

SINCE BIDEN TOOK OFFICE:
Gas: +55.5%
Groceries: +21.3%
Eating out: +21.8%
Baby food: +30%
Pet food: +23.1%
K-12 food: +64.9%
Rent: +20.8%
Electricity: +28.5%
Natural gas: +22%
Used cars: +20.4%
Airfare: +38.2%
Public transportation: +26.1%
Real average weekly earnings: -4.4%

And credit card debt up $50 billion to $1.13 trillion. Household debt has risen to $17.5 trillion, up $212 billion.

 

[Captain Caveman]

The result of superstar status -

Even wealthy Americans are struggling to make ends meet

About one in three Americans making six-figure salaries are worried about paying their bills, according to a new survey from the Federal Reserve Bank of Philadelphia.

uk.finance.yahoo.com

 

[LordBrownTrout]

How bad off are you guys? Are you broke? Do you need government assistance?

No, but I've seen grocery bills triple in the last year. You could have zero unemployment and everyone making twenty bucks an hour but it means nothing when a loaf of bread is a 100 bucks or rent for an apartment is 2000 dollars a month.

 

[citygator]

Do you think someone needs to be broke to dislike massive inflation? Are you a fucking moron?

I know if you make more money than you did and a price went up it’s no big deal except to a fucking moron. You are obviously one of those morons.

 

[Orangecat]

I know if you make more money than you did and a price went up it’s no big deal except to a fucking moron. You are obviously one of those morons.

Incorrect. A moron is someone like you, who thinks it’s peachy keen to offset your progress in life with higher prices on everything. No one buys your gaslighting, asshole.

 

[HikerGuy83]

The economy by all measurable metrics is lights out good or, as characterized below, is a superstar! You are living in one of the most opportunistic economies that the US has had in decades. If you aren’t making it now then you need to think about whether the US is structurally set up for you to succeed or if it is one of those bootstrap things you need to pull yourself up by. I will 100% concede that a cranking US economy doesn’t trickle down to the working class as much as it makes the rich richer - but that is a stuctural problem not an economy problem.

How blessed are we?

The U.S. Economy Reaches Superstar Status

No, really.

www.theatlantic.com

If the United States’ economy were an athlete, right now it would be peak LeBron James. If it were a pop star, it would be peak Taylor Swift. Four years ago, the pandemic temporarily brought much of the world economy to a halt. Since then, America’s economic performance has left other countries in the dust and even broken some of its own records. The growth rate is high, the unemployment rate is at historic lows, household wealth is surging, and wages are rising faster than costs, especially for the working class. There are many ways to define a good economy. America is in tremendous shape according to just about any of them.

The American public doesn’t feel that way—a dynamic that many people, including me, have recently tried to explain. But if, instead of asking how people feel about the economy, we ask how it’s objectively performing, we get a very different answer.

Let’s start with economists’ favorite metric: growth. When an economy is growing, more money is being spent. More stuff is being produced, more services are being performed, more businesses are being started, more workers are being hired—and, because of this abundance, living standards are probably rising. (On the flip side, during a recession—literally, when the economy shrinks—life gets materially worse.) Right now America’s economic-growth rate is the envy of the world. From the end of 2019 to the end of 2023, U.S. GDP grew by 8.2 percent—nearly twice as fast as Canada’s, three times as fast as the European Union’s, and more than eight times as fast as the United Kingdom’s.

Price increases on their own, however, can’t tell us if the cost of living has gone up. What really matters is the relationship between how expensive things are and how much money people have to spend on them. If prices go up but people’s incomes go up faster, then the cost of living decreases. And that is exactly what has happened in the U.S. over the past five years.

View attachment 968073

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IF you want an explanation why you feel worse than you should:

What Would It Take to Convince Americans That the Economy Is Fine?

When it comes to prosperity, Americans trust feelings more than facts.

www.theatlantic.com

Wow...Biden isn't the only one on drugs.

 

[HikerGuy83]

I know if you make more money than you did and a price went up it’s no big deal except to a fucking moron.

Starting to think your "high level executive" status is a lie.

 

[HikerGuy83]

That's good for you. Most people aren't.

Gee.....how does the VA make you better off......

Who pays the VA again ???

 

[LordBrownTrout]

Gee.....how does the VA make you better off......

Who pays the VA again ???

Doesn't do anything for me. My tax dollars keep it running.

 

[Ringo]

What cost $126.67 2 years ago is now $414.39.
I'm waiting for the assholes to tell me how the economy grew under Biden.