Thursday GDP release will elevate Biden to elite status

[Concerned American]

Because our allies need oil that's priced in US dollars. The US is producing all time record 13,200,000 barrels per day.

Why is the Strategic Oil Reserve EMPTY?

 

[Marener]

Meanwhile, real wages are down under Tater, bigly.

 

[KissMy]

Why is the Strategic Oil Reserve EMPTY?

It's not empty. Your head is empty.

The US is the worlds largest oil producer of all time.

We aren't depending on Arab oil, so we don't need a full SPR.

 

[Concerned American]

So you should stop lying.

Answer the question. Why is the US Strategic Oil Reserve empty if we are energy independent? You disagree with questions, but not big on answering them. So answer. If you disagree with my assertion, here is a quick and easy graph that illustrates it clearly.

US Crude Oil in the Strategic Petroleum Reserve Stocks Weekly Trends: Weekly Petroleum Status | YCharts

In depth view into US Crude Oil in the Strategic Petroleum Reserve Stocks including historical data from 1982 to 2024, charts and stats.

ycharts.com

 

[Concerned American]

It's not empty. Your head is empty.

The US is the worlds largest oil producer of all time.

We aren't depending on Arab oil, so we don't need a full SPR.

Strategic Oil Reserve levels since Biden took office. Hmm, yep you're full of shit.

US Crude Oil in the Strategic Petroleum Reserve Stocks Weekly Trends: Weekly Petroleum Status | YCharts

In depth view into US Crude Oil in the Strategic Petroleum Reserve Stocks including historical data from 1982 to 2024, charts and stats.

ycharts.com

 

[Cellblock2429]

Thursday the government will release GDP figures to the nation. It is widely expected to be a stellar report leaving no hint at a 2023 recession and elevating Joe Biden into the position of an elite few who have presided over an economy that grew over 4%. Post your thanks below.

GDP bonanza: U.S. economy may have grown 5% in the third quarter

The U.S. economy has not only defied widespread predictions of a sharp slowdown. It's grown even faster.

www.marketwatch.com

Economist survey: GDP growth of 4.3% in 3Q, fastest in nearly 2 years | Fortune

The American economic hot streak is just warming up.

fortune.com

From Recession Fears to Too Good? What This Week’s GDP Data Will Tell Us - WSJ's Take On the Week - WSJ Podcasts

This week, we're looking ahead to the GDP data for the third quarter of 2023 to find out how much the American economy grew from July to September. Thanks to higher than expected numbers from the latest retail sales and jobs reports, economists have lowered the probability of a recession...

www.wsj.com

The world’s largest economy probably expanded at the quickest pace in nearly two years during the third quarter on the back of a steadfast US consumer, a challenge for Federal Reserve officials who are debating whether additional policy tightening is needed.


Gross domestic product advanced at a 4.3% annualized pace in July-September, according to the median projection in a Bloomberg survey of economists. Such growth illustrates that the US remains the global economic powerhouse as Europe stagnates and Asia contends with a struggling China.

/---/ We'll see how American families react to your post. Any don't whime Fox News lies. It's you very own CNN.

https://www.cnn.com/2023/08/11/economy/inflation-rate-spending/index.html

“High inflation of the past 2+ years has done lots of economic damage,” Mark Zandi, chief economist at Moody’s Analytics, wrote in a post on X, the platform formerly known as Twitter.

Most of that increase in spending is driven by housing costs, which have surged, Zandi told CNN in an email on Friday. He added that families are also spending more at the grocery store; on buying, maintaining and insuring vehicles and on recreational services like cable.

Of course, paychecks have also grown over the past two years — but not by as much as the cost of living.

 

[KissMy]

Those idiots like Nostra & Concerned American don't like it when you post facts disproving the propaganda they believe.

 

[HeyNorm]

30 year high of delinquent car payments.

40 year high interest rates.

Homes are half as affordable as they were three years ago.

Gas still over $4 / gal.

No one is going to believe for a second that the economy is doing well, no matter what GDP numbers they cook up.

The public will believe what we that aren’t brain dead have known since the potato took office. The books are being cooked.

 

[citygator]

/---/ We'll see how American families react to your post. Any don't whime Fox News lies. It's you very own CNN.

https://www.cnn.com/2023/08/11/economy/inflation-rate-spending/index.html

“High inflation of the past 2+ years has done lots of economic damage,” Mark Zandi, chief economist at Moody’s Analytics, wrote in a post on X, the platform formerly known as Twitter.

Most of that increase in spending is driven by housing costs, which have surged, Zandi told CNN in an email on Friday. He added that families are also spending more at the grocery store; on buying, maintaining and insuring vehicles and on recreational services like cable.

Of course, paychecks have also grown over the past two years — but not by as much as the cost of living.
View attachment 849398

This map is so easy to read even a child can read it…

 

[Laslow]

“Those grapes are sour anyway” says Rambunctious. Lol. Just admit the economy is resilient, thank Biden and move on with your life.

Why are you starting threads about how great things are when prices have exploded? Are you that out of touch? Do other people shop for you?

 

[Concerned American]

Those idiots like Nostra & Concerned American don't like it when you post facts disproving the propaganda they believe.

You've never posted any facts, so how would you know?

 

[KissMy]

 

[Cellblock2429]

This map is so easy to read even a child can read it…

View attachment 849584

/----/ Gas prices for the morons who voted for Newsome and Dementia Joe.

 

[KissMy]

Doubters Beware: U.S. Oil Production Is Setting New Records​

Bidenomics 5% GDP growth rate Economy has crushed
Trumps dream of 3%

 

[Deplorable Yankee]

 

[Cellblock2429]

Doubters Beware: U.S. Oil Production Is Setting New Records​

Bidenomics 5% GDP growth rate Economy has crushed
Trumps dream of 3%

/---/ So you're admitting Dementia Joe failed again when he promised to end the oil industry? Are you sure you want to brag about this? Apparently, the oil companies are stronger and smarter than you Libtards.
From your link: There is a simple explanation. The price of oil, and technological innovations like hydraulic fracturing, are much more significant than any president’s policies.

Joe Biden Promises to End the Oil Industry

Democratic presidential candidate Joe Biden said Thursday he would aim to end the oil industry by transitioning completely to renewable energy.

freebeacon.com

 

[Weatherman2020]

Thursday the government will release GDP figures to the nation. It is widely expected to be a stellar report leaving no hint at a 2023 recession and elevating Joe Biden into the position of an elite few who have presided over an economy that grew over 4%. Post your thanks below.

GDP bonanza: U.S. economy may have grown 5% in the third quarter

The U.S. economy has not only defied widespread predictions of a sharp slowdown. It's grown even faster.

www.marketwatch.com

Economist survey: GDP growth of 4.3% in 3Q, fastest in nearly 2 years | Fortune

The American economic hot streak is just warming up.

fortune.com

From Recession Fears to Too Good? What This Week’s GDP Data Will Tell Us - WSJ's Take On the Week - WSJ Podcasts

This week, we're looking ahead to the GDP data for the third quarter of 2023 to find out how much the American economy grew from July to September. Thanks to higher than expected numbers from the latest retail sales and jobs reports, economists have lowered the probability of a recession...

www.wsj.com

The world’s largest economy probably expanded at the quickest pace in nearly two years during the third quarter on the back of a steadfast US consumer, a challenge for Federal Reserve officials who are debating whether additional policy tightening is needed.


Gross domestic product advanced at a 4.3% annualized pace in July-September, according to the median projection in a Bloomberg survey of economists. Such growth illustrates that the US remains the global economic powerhouse as Europe stagnates and Asia contends with a struggling China.

The federal government ran up a $1.6 trillion deficit in just the first half of this year, as compared to a $1.7 trillion deficit for all of the previous year. Since all borrowing, no matter whether it is productive or not, gets lumped into GDP, it’s no wonder that the most recent GDP stats surprised to the upside.

 

[psikeyhackr]

GDP: Grossly Distorted Propaganda

Economists do not talk about the NDP, Net Domestic Product.

The NDP equation is:

NDP = GDP - Dcap (official economic delusion)
NDP = GDP - (Dcap + Dcon) (reality)

Dcap == Depreciation of Capital Goods
Dcon == Depreciation of Durable Consumer Goods

How many automobiles have American consumers trashed since Sputnik?

I guess intellectuals and pseudo-intellectuals cannot figure out that economists cannot do algebra.

 

[KissMy]

GDP: Grossly Distorted Propaganda

Economists do not talk about the NDP, Net Domestic Product.

The NDP equation is:

NDP = GDP - Dcap (official economic delusion)
NDP = GDP - (Dcap + Dcon) (reality)

Dcap == Depreciation of Capital Goods
Dcon == Depreciation of Durable Consumer Goods

How many automobiles have American consumers trashed since Sputnik?

I guess intellectuals and pseudo-intellectuals cannot figure out that economists cannot do algebra.

All those numbers were skewed when Trump printed 5 times more money into existence. They are not even tracked by the FED or BEA.

 

[psikeyhackr]

All those numbers were skewed when Trump printed 5 times more money into existence. They are not even tracked by the FED or BEA.

Durable Consumer Goods depreciated in the 1950s, 60s, 70s, etc.

It is physics! Trump is irrelevant.

We have been listening to economists who cannot do algebra for decades.