Americans’ 401(k) balances hit record levels last year.

[jacksonlamb]

You tried to do that, but all you accomplished was to highlight what a hugely superior president Trump is compared to Biden.

I did do that and you cannot refute it. Trump is so inferior to Biden that your statement makes an intelligent individual laugh at you.

 

[Muhammed]

I did do that and you cannot refute it. Trump is so inferior to Biden that your statement makes an intelligent individual laugh at you.

You've been thoroughly refuted with the relevant facts.

Inflation averaged 5% under Biden. Under Trump inflation has averaged 2.3%.

Inflation was double inder Biden.

That's why it's called Bidenflation, dumbass.

 

[jacksonlamb]

You've been thoroughly refuted with the relevant facts.

Inflation averaged 5% under Biden. Under Trump inflation has averaged 2.3%.

Inflation was double inder Biden.

That's why it's called Bidenflation, dumbass.

Trump behavior caused inflation problems in Biden's term, which he addressed and got down to 3%. Fact. Now 4.7%. Fact.

 

[Dante]

Nobel Memorial Prize in Economic Sciences winner Dr. Paul Krugman in Lisbon, Portugal on April 21, 2025.

Krugman on Trump Mental Breakdown and a Nation in Decline

Sargent: Well, they’re all in the same information bubble. Trump did another missive that was in all caps, saying this:

“OIL IS FLOWING, IRAN CAN NEVER HAVE A NUCLEAR WEAPON (THE WORLD WILL BE SAFE!), THE STOCK MARKETS ARE ROARING, JOBS ARE AT RECORDS, AND PRICES ARE DROPPING (AFFORDABILITY!). OUR COUNTRY IS STRONG, SAFE, AND RESPECTED LIKE NEVER BEFORE. ‘YOU’RE WELCOME!’”

OK, Paul. He got nothing significant on Iran’s nukes and our country is weaker, less safe, and less respected. But we should step back. He’s making a bigger argument there, isn’t he? It’s that in every way, the nation is booming, strong, and leading decisively in the world. What do you make of that bigger argument?

Krugman: So, the stock market is up. No question about that. Although the stock market rose a lot under Joe Biden, too—Trump would like you to put that down the memory hole. And stocks are up, by the way, around the world. There’s a stock market boom. I haven’t checked the numbers lately, but I believe that they’re up substantially more outside the United States than inside the United States. So this is stuff that is not really reflecting U.S.-specific developments and certainly not Trump-specific developments. Presidents do not control the stock market.

But leaving that aside, the economy—it’s not booming. We basically have had slower job growth than we did in the last two years of Biden, and basically flat unemployment. So that’s not great—it’s not a catastrophe, but it’s not great. Real wages are lower than they were when Trump took office because we’ve had a lot of inflation.

By the way, one of the things with this corruption of how we do stuff—click on pretty much any information site—I’ve been only looking at the ones that have to do with economic policy, but federal government information sites, which are traditionally just the facts, Here’s what’s happening, maybe discreetly touting administration policies—but if you click on any site, you get a pop-up that has a picture of Trump that says, Welcome to the Golden Age, which is all part of this incredible dingbat cult of personality.

Transcript: Krugman on Trump Mental Breakdown and a Nation in Decline

Economist Paul Krugman discusses all the ways Trump is causing our country to deteriorate—and what it means that our country puts up with his worsening megalomania and desecrations of our republic.

newrepublic.com