Bidenomics is Booming

[Marener]

Inflation and energy costs.

Do you believe that if Trump wins the election, we will see deflation?

 

[Marener]

As you know, President Biden immediately signed 94 Executive Orders reversing virtually every Trump policy out of spite rather than reason.

As you know, too, he also invited illegal aliens to charge our borders. Hey, what could go wrong?

And what does that have to do with inflation?

 

[Lesh]

its fuel, dipshit. and it is refined from crude which now is coming from Saudi Arabia, Venezuela, and Russia while our oil fields are unused. We have more underground crude than the rest of the world combined, Why is Biden forcing us to buy crude from our potential enemies and transferring billions of dollars to them? He is either insane or treasonous-------or both.

How is Biden forcing us to do anything of the kind?

 

[Harpy Eagle]

its fuel, dipshit. and it is refined from crude which now is coming from Saudi Arabia, Venezuela, and Russia while our oil fields are unused. We have more underground crude than the rest of the world combined, Why is Biden forcing us to buy crude from our potential enemies and transferring billions of dollars to them? He is either insane or treasonous-------or both.

our oil fields are producing more oil than anytime in our history. How can you not know this?

 

[jknowgood]

Do you believe that if Trump wins the election, we will see deflation?

Yes he will make us energy independent again. That alone will bring down inflation.

 

[Marener]

Yes he will make us energy independent again. That alone will bring down inflation.

We are energy independent.

I guess you didn’t know that because conservative media doesn’t want you to know.

 

[jknowgood]

We are energy independent.

I guess you didn’t know that because conservative media doesn’t want you to know.

Lol, no we aren't, if we were gas wouldn't be over $3.00 a gallon. Trump will also do away with Biden's war on coal.

 

[Marener]

Lol, no we aren't, if we were gas wouldn't be over $3.00 a gallon. Trump will also do away with Biden's war on coal.

Yes we are.

U.S. Energy Independence Soars To Highest Level In Over 70 Years

Newly released data from the Energy Information Administration provides a clear picture of U.S. energy independence in 2022.

www.forbes.com

Who told you we aren’t?

 

[Cellblock2429]

Yep, Bidenomics is booming, or so we're told. Although not so much for UPS which plans on laying off 12,000 employees.

MSN

Or Macy's, which plans on closing 150 stores by 2026, 50 stores this year.

MSN

Or even Rite Aid which plans on closing 77 stores this year.

Rite Aid is planning to close 77 stores in 2024. See if yours is on the list.

/——/ Thanks to Dementia Joe’s EV mandate, 47% of Buick dealerships are shutting down. Thanks Joe. https://www.kbb.com/car-news/report-nearly-half-of-buick-dealers-closing-shop/

 

[jknowgood]

Yes we are.

U.S. Energy Independence Soars To Highest Level In Over 70 Years

Newly released data from the Energy Information Administration provides a clear picture of U.S. energy independence in 2022.

www.forbes.com

Who told you we aren’t?

Why is Biden asking other countries to produce more. Why is our strategic oil reserves depleted? If we were independent neither of those would happen.

 

[Marener]

Why is Biden asking other countries to produce more. Why is our strategic oil reserves depleted? If we were independent neither of those would happen.

Because oil is a global commodity and the US oil industry isnt nationalized.

Who told you we aren‘t energy independent? I really want to know because they’re feeding you lies.

 

[jknowgood]

Because oil is a global commodity and the US oil industry isnt nationalized.

Who told you we aren‘t energy independent? I really want to know because they’re feeding you lies.

I can see it with my own eyes. If we were our strategic oil wouldn't be low. Drill baby drill!

 

[Marener]

I can see it with my own eyes. If we were our strategic oil wouldn't be low. Drill baby drill!

So you just made it up.

What does the SPR have to do with energy independence?

 

[Blisterfinger]

Nope. Just someone who is anti-cult.

If you don't like that, too bad.

Hahaha anti-cult. Nice spin, Democrat

 

[citygator]

Another thread posted by lazy righties who don’t want to work.

 

[Lesh]

Gas is on the rise! 3$ is good only because the left have made it seem normal!

$3 gas IS normal moron

 

[task0778]

Most people look at the GDP number as a prime indicator of economic growth, and those numbers are not so bad under Biden. BUT - 2 of the major drivers in the GDP formula are consumer spending and gov't spending, both of which are higher. On the consumer side, wages and income is up so we are spending more money, but the prices are up even higher and when you factor in inflation then real wages are actually down since Biden took office rather than up. And as we all know, the democrats spend money like drunken sailors and that makes the GDP number look good when it isn't. The additional gov't spending has not contributed to higher production of goods and services. And people aren't stupid, they know the score.

 

[citygator]

$3 gas IS normal moron

Useless. You can’t reason with double digit IQ maga morons.

 

[Lesh]

/——/ Thanks to Dementia Joe’s EV mandate, 47% of Buick dealerships are shutting down. Thanks Joe. https://www.kbb.com/car-news/report-nearly-half-of-buick-dealers-closing-shop/

Buick?

You know anyone who owns a Buick?

 

[Marener]

Most people look at the GDP number as a prime indicator of economic growth, and those numbers are not so bad under Biden. BUT - 2 of the major drivers in the GDP formula are consumer spending and gov't spending, both of which are higher. On the consumer side, wages and income is up so we are spending more money, but the prices are up even higher and when you factor in inflation then real wages are actually down since Biden took office rather than up. And as we all know, the democrats spend money like drunken sailors and that makes the GDP number look good when it isn't. The additional gov't spending has not contributed to higher production of goods and services. And people aren't stupid, they know the score.

This isn’t driven by data but a narrative.

For starters, all the data is inflation adjusted. GDP growth is always reported in inflation adjusted numbers.

The PCE is the lions share of the growth in GDP, and is up in inflation adjusted terms.

Investment was down.

Exports were up.

Government spending was up, mostly state/local, and contributed 0.69% of the 2.5% annual growth. Not insignificant, but not the greatest number by any means. It was down in 2022 FWIW.

I go by data, not by whatever I want to think.

https://www.bea.gov/sites/default/files/2024-02/gdp4q23-2nd.xlsx