We are proud of Bidenomics

[Billiejeens]

Paul Krugman, worried about a magical thinking response to a “surge in inflation.” Why would that be funny? Let’s review:

Six months ago, Krugman made an announcement on Twitter. “The war on inflation is over,” he declared. “We won, at very little cost.”

[…]

This was the economic equivalent of George Bush’s “Mission Accomplished” stunt. Krugman graphed the Consumer Price Index excluding “shelter, food, and used cars.” The CPI, which ostensibly tracks changes in the price of consumer goods, is already a quasi-bogus number whose quirky methodology allows government to make prices seem lower. That wasn’t enough for Krugman, who simply removed three of the biggest household spending variables to take the real CPI of 3.7% and jam it below 2%, creating his own bespoke inflation monitor.

 

[Billiejeens]

Krugman was instantly mocked, even by other mainstream outlets. “Nobel Economist Paul Krugman Mocked For Saying Inflation is Over if You Exclude Most of What People Buy,” was the take in Business Insider. “Inflation is not a problem if you don’t buy anything,” added TalkMarkets…

 

[Billiejeens]

Krugman backpedaled slightly, but couldn’t help himself and went back month after month to argue the numbers were better than they seemed. In January, he posted the “NY Fed measure of underlying inflation” to confirm “the war is over, and we won.” In February, for instance, he posted a chart reminding us that “if it weren’t for owners’ equivalent rent, a price nobody pays, nobody would be talking about inflation.”

 

[citygator]

3 chicken breasts will weigh more than a lb. and the average price at Kroger is about $5 a lb.

I just posted Harris Teeter prices (owned by Kroger) at $2.99. How often do you actually buy chicken? I never ever pay $5.

 

[1srelluc]

Inflation is Global but MAGAs wouldn`t know that.

And Americans don't give a shit about the cost of chicken in the rest of the world......Go peddle your globalism papers someplace else.

 

[Hellokitty]

I just posted Harris Teeter prices (owned by Kroger) at $2.99. How often do you actually buy chicken? I never ever pay $5.

Harris Teeter?

 

[Hellokitty]

I just posted Harris Teeter prices (owned by Kroger) at $2.99. How often do you actually buy chicken? I never ever pay $5.

about$12.14each$8.99/lb

 

[Billiejeens]

about$12.14each$8.99/lb

Harris Teeter is a little higher class than say "foodlion" here in NC. - and elsewhere.

It's owned by Kroger if you are familiar with them.

 

[Votto]

I pay about $3.25 for boneless chicken breasts

Republicans are not good shoppers

Not sure what your sex life has to do with the topic at hand, but OK.

 

[LAUGHatLEFTISTS]

Under Biden we have the most successful economy in the world…even better than China

We don’t measure Americas economy against other countries. We should always be better dipshit.

 

[rightwinger]

We don’t measure Americas economy against other countries. We should always be better dipshit.

We haven’t been in recent decades

What happened to China?
They fell victim to Bidenomics

 

[buckeye45_73]

Under Biden we have the most successful economy in the world…even better than China

You are a joke. Lefties are masochists....or really really really dumb.....

 

[rightwinger]

about$12.14each$8.99/lb

If you are dumb enough to buy organic

 

[buckeye45_73]

We haven’t been in recent decades

What happened to China?
They fell victim to Bidenomics

No, I think Trump messed them up with tarrifs and clowning on them constantly. Now Hollywood and the NBA are the only companies that care.

 

[buckeye45_73]

Krugman was instantly mocked, even by other mainstream outlets. “Nobel Economist Paul Krugman Mocked For Saying Inflation is Over if You Exclude Most of What People Buy,” was the take in Business Insider. “Inflation is not a problem if you don’t buy anything,” added TalkMarkets…

Krugman must have blown the whole Nobel Establishment. He is dumber than a box of rocks. I have never seen him remotely accurate with his predictions on the economy.

 

[Billiejeens]

Krugman must have blown the whole Nobel Establishment. He is dumber than a box of rocks. I have never seen him remotely accurate with his predictions on the economy.

He is fantastic at pushing the narrative without shame.

 

[HikerGuy83]

Inflation is Global but MAGAs wouldn`t know that.

It doesn't really matter, now does it.

Biden is the man and he owns this.

Anyone who thinks a president, especially a Celery Stalk like Biden, can do anything to affect the economy is clueless.

But since this is the game we play.....Joe "the Celery Stalk" owns it.

 

[HikerGuy83]

Do we need a better example of why our wages are too fucking low?

Blame the employers

Yes....because she wasn't saying that 2 years ago.

Can you be any more a hack ? (rhetorical)

 

[HikerGuy83]

Paul Krugman, worried about a magical thinking response to a “surge in inflation.” Why would that be funny? Let’s review:

Six months ago, Krugman made an announcement on Twitter. “The war on inflation is over,” he declared. “We won, at very little cost.”

[…]

This was the economic equivalent of George Bush’s “Mission Accomplished” stunt. Krugman graphed the Consumer Price Index excluding “shelter, food, and used cars.” The CPI, which ostensibly tracks changes in the price of consumer goods, is already a quasi-bogus number whose quirky methodology allows government to make prices seem lower. That wasn’t enough for Krugman, who simply removed three of the biggest household spending variables to take the real CPI of 3.7% and jam it below 2%, creating his own bespoke inflation monitor.

I truly think he's drinking the same water as the Celery Stalk (Biden) and becoming one himself.

 

[Mashmont]

The United States economy grew faster than any other large advanced economy last year — by a wide margin — and is on track to do so again in 2024.
Why it matters: America's outperformance is rooted in its distinctive structural strengths, policy choices, and some luck. It reflects a fundamental resilience in the world's largest economy that is easy to overlook amid the nation's problems.

By the numbers: U.S. GDP looks to have grown 2.5% in 2023, according to the IMF's hot-off-the-presses World Economic Outlook, the highest among the G7 economies (Japan was second at 1.9%).


https://www.axios.com/2024/01/31/us-economy-2024-gdp-g7-nations

NEW: Latest Jobs Report Shows 15 Million Jobs Created Under President Biden - Democrats

democrats.org

When you tank an economy as Biden did, you don't get credit for the inevitable partial rebound. Democrats shut down blue states for over a year. Lost millions of jobs.