Bidenomics Hangover: Late car payments hit highest level in decades

[MagicMike]

Good grief. Just good grief

You missed the part payments are three months past due didn't you

Biden put 4 years into digging us out of the economic disaster Trump left him with when Trump bungled the response to the Covid-19 pandemic.
Actually The U.S., because of Biden's stellar leadership has done better than most countries recovering from the Covid economy.
But yeah.....all that inflation you all spent 4 years blaming Biden for......that was Trump's fault.
Biden just handed off a pretty strong (relatively speaking) economy to Trump two months ago but once again the convict, failed businessman is doing his damndest to tank it as quickly as possible.
Less than a month in and the stock market is in the tank, the convicted felon can't decide what he's doing with the stupidest trade war in history which all the leading ecomomists predict is going to make the last few years of runaway inflation look like just a warm up.
And wait until the April jobs report comes out next month.
We'll be able to add record unemployment to Trump's first two month's accomplishments.
You MAGAts might as well get used to owning this shit.
You've run out of "blame Biden" cards.

 

[Nostra]

This is ALL Trumpflation now. No more blaming Biden.
Trump said he could "fix" inflation on day one. He didn't, meaning he must not have wanted to.
So now he owns it along with congressional Republicans who enable his destruction of our economy.

Still operating under a Biden budget, MoronMike.

Trump has signed no budget bills.

 

[Nostra]

Biden put 4 years into digging us out of the economic disaster Trump left him with when Trump bungled the response to the Covid-19 pandemic.
Actually The U.S., because of Biden's stellar leadership has done better than most countries recovering from the Covid economy.
But yeah.....all that inflation you all spent 4 years blaming Biden for......that was Trump's fault.
Biden just handed off a pretty strong (relatively speaking) economy to Trump two months ago but once again the convict, failed businessman is doing his damndest to tank it as quickly as possible.
Less than a month in and the stock market is in the tank, the convicted felon can't decide what he's doing with the stupidest trade war in history which all the leading ecomomists predict is going to make the last few years of runaway inflation look like just a warm up.
And wait until the April jobs report comes out next month.
We'll be able to add record unemployment to Trump's first two month's accomplishments.
You MAGAts might as well get used to owning this shit.
You've run out of "blame Biden" cards.

GDP growth averages 19.6% the last two quarters under Trump when he finally fixed what Fauci and Dimwingers did to the economy.

Then Tater came in and screwed it up.

 

[MagicMike]

GDP growth averages 19.6% the last two quarters under Trump when he finally fixed what Fauci and Dimwingers did to the economy.

Then Tater came in and screwed it up.

Summary​

The statistics for the entirety of Donald Trump’s time in office are nearly all compiled. As we did for his predecessor four years ago, we present a final look at the numbers.

• The economy lost 2.7 million jobs. The unemployment rate increased by 1.7 percentage points to 6.4%.
• Paychecks grew faster than inflation. Average weekly earnings for all workers were up 8.4% after inflation.
• After-tax corporate profits went up, and the stock market set new records. The S&P 500 index rose 67.8%.
• The international trade deficit Trump promised to reduce went up. The U.S. trade deficit in goods and services in 2020 was the highest since 2008 and increased 36.3% from 2016.
• The number of people lacking health insurance rose by 3 million.
• The federal debt held by the public went up, from $14.4 trillion to $21.6 trillion.
• Home prices rose 27.5%, and the homeownership rate increased 2.1 percentage points to 65.8%.
• Illegal immigration increased. Apprehensions at the Southwest border rose 14.7% last year compared with 2016.
• Coal production declined 26.5%, and coal-mining jobs dropped by 25%. Carbon emissions from energy consumption dropped 11.3%.
• Handgun production rose 12.5% last year compared with 2016, setting a new record.
• The murder rate last year rose to the highest level since 1997.
• Trump filled one-third of the Supreme Court, nearly 30% of the appellate court seats and a quarter of District Court seats.

Trump's Final Numbers - FactCheck.org

Statistical indicators of President Trump's four years in office.

www.factcheck.org

 

[Nostra]

Summary​

The statistics for the entirety of Donald Trump’s time in office are nearly all compiled. As we did for his predecessor four years ago, we present a final look at the numbers.

• The economy lost 2.7 million jobs. The unemployment rate increased by 1.7 percentage points to 6.4%.
• Paychecks grew faster than inflation. Average weekly earnings for all workers were up 8.4% after inflation.
• After-tax corporate profits went up, and the stock market set new records. The S&P 500 index rose 67.8%.
• The international trade deficit Trump promised to reduce went up. The U.S. trade deficit in goods and services in 2020 was the highest since 2008 and increased 36.3% from 2016.
• The number of people lacking health insurance rose by 3 million.
• The federal debt held by the public went up, from $14.4 trillion to $21.6 trillion.
• Home prices rose 27.5%, and the homeownership rate increased 2.1 percentage points to 65.8%.
• Illegal immigration increased. Apprehensions at the Southwest border rose 14.7% last year compared with 2016.
• Coal production declined 26.5%, and coal-mining jobs dropped by 25%. Carbon emissions from energy consumption dropped 11.3%.
• Handgun production rose 12.5% last year compared with 2016, setting a new record.
• The murder rate last year rose to the highest level since 1997.
• Trump filled one-third of the Supreme Court, nearly 30% of the appellate court seats and a quarter of District Court seats.

Trump's Final Numbers - FactCheck.org

Statistical indicators of President Trump's four years in office.

www.factcheck.org

Now do his economy before the Fauci flu hit, MoronMike.

Betcha won't

GO!

 

[MagicMike]

Still operating under a Biden budget, MoronMike.

Trump has signed no budget bills.

True. He's even screwing that up isn't he?
With the economy already going south on him Republicans in congress don't have the clout to pass the budget bill that they (and Trump) want.
They're going to have to compromise with Dems and probably pass a budget that is based on Biden spending levels.
That's some pretty impotent leadership.
Now that all the backslapping and high-fiving over squeaking by in a narrow victory, you MAGAts get to have your reckoning.
The people you elected cannot govern.
The joke's on you.

 

[MagicMike]

Now do his economy before the Fauci flu hit, MoronMike.

Betcha won't

GO!

US 2020 election: The economy under Trump in six charts

President Trump claims he has been responsible for the strongest US economy ever. What do the numbers show?

www.bbc.com

 

[Captain Caveman]

Link?

Hearing Wrap Up: Biden-Harris Administration’s Disastrous Record Hurting Americans - United States House Committee on Oversight and Accountability

United States House Committee on Oversight and Accountability

oversight.house.gov

At the hearing, Republican lawmakers exposed how the American people continue to suffer under the Biden-Harris Administration’s weak leadership and detrimental policy agenda. Earlier today, Chairman James Comer (R-Ky.) released a memorandum which details how record-high inflation, the worst border crisis in American history, and current chaos on the global stage can be traced to policy and management decisions made by the Biden-Harris Administration. Instead of defending the Biden-Harris Administration’s policies, Committee Democrats spent hours attacking former President Donald Trump to cover up this administration’s disastrous record. Republicans discussed solutions with witnesses that could help reverse the damage caused by the Biden-Harris Administration and provide Americans relief.

This is the result of Biden-Harris.

 

[MagicMike]

Hearing Wrap Up: Biden-Harris Administration’s Disastrous Record Hurting Americans - United States House Committee on Oversight and Accountability

United States House Committee on Oversight and Accountability

oversight.house.gov

At the hearing, Republican lawmakers exposed how the American people continue to suffer under the Biden-Harris Administration’s weak leadership and detrimental policy agenda. Earlier today, Chairman James Comer (R-Ky.) released a memorandum which details how record-high inflation, the worst border crisis in American history, and current chaos on the global stage can be traced to policy and management decisions made by the Biden-Harris Administration. Instead of defending the Biden-Harris Administration’s policies, Committee Democrats spent hours attacking former President Donald Trump to cover up this administration’s disastrous record. Republicans discussed solutions with witnesses that could help reverse the damage caused by the Biden-Harris Administration and provide Americans relief.

This is the result of Biden-Harris.

This link is an obviously biased opinion.

 

[frigidweirdo]

No, I'm blaming Biden based on the OP statistics, and when they were gathered.

The problem is, the reality of the situation is that it's not just Biden, it's every president since Bush, and it's Congress and it's the rich controlling the country that's the problem.

But you just blame Biden for his four years for the income inequality problems

 

[MagicMike]

GDP growth averages 19.6% the last two quarters under Trump when he finally fixed what Fauci and Dimwingers did to the economy.

Then Tater came in and screwed it up.

You must not have read these paragraphs in the OP link.

President Trump’s tariffs could drive up car prices even further, by as much as $12,000, according to one analysis.

That concern was so widely held that Trump granted a one-month exemption on his new tariffs specifically for auto imports from Mexico and Canada.

Mexico and Canada are the top U.S. trading partners for both motor vehicles and parts, meaning Trump’s 25 percent tariffs could hurt consumers and automakers alike.

 

[Nostra]

You must not have read these paragraphs in the OP link.

President Trump’s tariffs could drive up car prices even further, by as much as $12,000, according to one analysis.

That concern was so widely held that Trump granted a one-month exemption on his new tariffs specifically for auto imports from Mexico and Canada.

Mexico and Canada are the top U.S. trading partners for both motor vehicles and parts, meaning Trump’s 25 percent tariffs could hurt consumers and automakers alike.

Yeah, so?

WTF does your link’s predictions have to do with the 19.6% GDP avg growth Trump handed to Tater?

 

[DonGlock26]

The problem is, the reality of the situation is that it's not just Biden, it's every president since Bush, and it's Congress and it's the rich controlling the country that's the problem.

But you just blame Biden for his four years for the income inequality problems

Biden and his Obama minions did nothing for the American People. Deal with it.

 

[Edgetho]

Another symptom of last stage Bidenomics.

Our esteemed edumucashun system has time to indoctrinate teach our kids about queers (their word, not mine), transvestites, White Supremacy, etc, etc.

But how to balance a checkbook? Not a clue. How to be financially responsible? No chance in Hell of that being taught.

But what can you expect when an Institution of Higher Learning (Northeastern Illinois U in Chicago) has this placard on a building, on-campus....

 

[ding]

Just another indication that Trump needs to push forward his plan to cut income inequality in America!

The plan he has always had, that is the main reason for creating MAGA in the first place!

What other reason could have led to his huge popularity with the impoverished working class?

Or another banking/credit crisis is looming. Hope your finances are in order.

 

[struth]

it’s gonna take a little pain getting out of the hole created by Xiden and the Demafasict

 

[Edgetho]

it’s gonna take a little pain getting out of the hole created by Xiden and the Demafasict

Whenever a 'dimocrap' speaks, opines, obliviates, whatever...

Always remember, they don't care about America the Country or America The People.

Truth be told, they don't care about politics. At all. Not in the least.

All dimocrap scum care about is power and politics is the only way for them to achieve it. If they weren't the cowards they are, they would use physical force but -- They is what they is.

 

[d0gbreath]

it’s gonna take a little pain getting out of the hole created by Xiden and the Demafasict

Will this pain help people to catch up on their late car payments?

 

[struth]

Will this pain help people to catch up on their late car payments?

Yes in the long run

 

[d0gbreath]

Yes in the long run

So, after the repo man?