Biden's first year GDP growth, the largest since Reagan

[bripat9643]

Biden's first year GDP growth was 5.97%, the largest since Reagan.
Trump's annualized GDP growth, for his 4 years, was 1.6%. The worst since Hoover, the depression President.
That proves Biden is a great President. No it does not.

If Trump received those numbers, the Trump minion cult members would be saying this proves he is a great President. No it does not. Trump minion cult member say everything Trump did was good. Everything Trump did wrong was fake news or someone else's fault. A true braindead cult member.

I am not a Biden cult member. Does he deserve some credit for the good GDP growth, yes, but many variables, other than Biden, resulted in 5.97% GDP growth for 2021.
I, and most Americans, live in the real world. All Presidents do some good and some bad.
But not Donald Trump, according to the Trump minion cult members. Trump was perfect. He did nothing wrong. True cult members.

Economy grew 5.7% last year, its best showing since 1984, as activity revived amid pandemic

The economy expanded 5.7% in 2021, fastest in 37 years, as growth bounced back in Q4. Consumers partly got back to normal activities amid pandemic.

www.usatoday.com

GDP Growth Under Trump Was the Worst Since Hoover

The pandemic was partly to blame, and there are some measures that make his record look better. But it was not a stellar performance.

www.bloomberg.com

It's an inflationary bubble, doomed to blow up.

 

[Mac-7]

But trump unloading the repub economic playbook for sub 3% growth while drastically increasing deficits was impressive?

Deficits are never good

but installing biden did not help that problem

 

[DBA]

Are you kidding? Wages go up, then the added labor cost has to be figured into the cost of goods. The selling price is adjusted up to cover the added costs.

You have it quite backwards. New money is needed to pay higher wages.

 

[ElmerMudd]

You have it quite backwards. New money is needed to pay higher wages.

Have you ever taken an economics class.
Higher wages can be the result of a competitive marketplace for workers. To get who you need, you must pay more. Higher wages can be a result of union negotiations. Higher wages can be a result of increase in minimum wage (one of the bigger factors recently. None of which are predicated on higher revenue.
If you do not know what you are talking about, you are better off not talking about it.

 

[sealybobo]

View attachment 593601

The counties that voted for Hillary generated 64% of America's GDP. The counties that Trump won generated just 36% of our GDP.

Blue states carry Red states. And blue cities within red states carry those red states.

 

[sealybobo]

Are you kidding? Wages go up, then the added labor cost has to be figured into the cost of goods. The selling price is adjusted up to cover the added costs.

Do you know that during the pandemic, if the cost of living went up 10 cents the corporations raised their prices 20 cents?

 

[sealybobo]

Have you ever taken an economics class.
Higher wages can be the result of a competitive marketplace for workers. To get who you need, you must pay more. Higher wages can be a result of union negotiations. Higher wages can be a result of increase in minimum wage (one of the bigger factors recently. None of which are predicated on higher revenue.
If you do not know what you are talking about, you are better off not talking about it.

You don't have to pay more. Maybe you allow flexible schedule. You don't demand 40 plus hour work weeks. You flat out treat your employees better.

If you were right then all the highest paid baseball teams and football teams would win every year. But they don't. So no. To get who you need, you just have to train people right and treat them right. You're assuming the guy with a lot of experience is the only one who can do the job.

You're funny. Talking about shit that's not absolute like it's a fact and you're an expert at opinions.

I've diagnosed you

Donald Trump and the rise of tribal epistemology

Journalism cannot be neutral toward a threat to the conditions that make it possible.

www.vox.com

 

[bripat9643]

Do you know that during the pandemic, if the cost of living went up 10 cents the corporations raised their prices 20 cents?

According to whom?

 

[sealybobo]

According to whom?

Certainly you won't hear it from Republicans. Republicans protect corporation who price gouge us. Can you show me that the prices have only gone up with inflation?

Top Democrats rip corporations for price gouging. 'Executives brazenly boast to investors about raising prices'

Democrats claim major corporations are using inflation, labor shortages and supply chain bottlenecks as an excuse to gouge consumers.

fortune.com

In December, the cost of consumer goods and services rose 7% over the past year.

“Corporate greed is motivating large companies to use the pandemic and supply chain issues as an excuse to raise prices simply because they can. And a lot of executives brazenly boast to investors about raising prices on consumers without consequences—and these executives are saying they're going to continue to do so,” House Energy and Commerce committee chairman Rep. Frank Pallone (D-N.J.) said during Wednesday's hearing.

To fight this kind of price-gouging, Pallone, Schakowsky, and several Democrat co-sponsors introduced legislation earlier in the week to hold companies accountable. The COVID–19 Price Gouging Prevention Act would give the Federal Trade Commission the ability to seek civil penalties from companies that raise prices to “unconscionably excessive” levels during the pandemic.

According to quarterly reports for Tyson, the nation's largest meat processor, the company posted $3 billion in profit in 2021. It made over $1 billion in profit just last quarter, the reports showed.

That means profits are up a staggering 48% from the first quarter of 2021 compared with the same period in 2022, even as inflation is hurting American families.

A big reason for Tyson's skyrocketing profits: its 31% price hike on beef, 20% on chicken and 13% on pork.

It's not just inflation — corporate greed is also partially to blame for the rising prices you're paying

Starbucks blamed labor costs and supply shortages for higher prices — all while increasing their CEO's pay by 40% to $20 million.

www.businessinsider.com

 

[sealybobo]

With gasoline prices poised to reach a new all-time high within days, President Joe Biden recently issued a stern warning to the nation’s oil producers and gas retailers.

“American oil and gas companies should not – should not exploit this moment to hike their prices to raise profits,” Biden said in a speech.

Are they, in fact, illegally price-gouging Americans at the pump or in the oil fields?

Most analysts say the short answer is no, but oil executives sometimes get close to crossing the line of anticompetitive behavior in their public comments.

 

[jc456]

This is off topic, no one cares about your cars license plate.

gas increased by 200%. yep, you got it.

 

[bripat9643]

Certainly you won't hear it from Republicans. Republicans protect corporation who price gouge us. Can you show me that the prices have only gone up with inflation?

Top Democrats rip corporations for price gouging. 'Executives brazenly boast to investors about raising prices'

Democrats claim major corporations are using inflation, labor shortages and supply chain bottlenecks as an excuse to gouge consumers.

fortune.com

In December, the cost of consumer goods and services rose 7% over the past year.

“Corporate greed is motivating large companies to use the pandemic and supply chain issues as an excuse to raise prices simply because they can. And a lot of executives brazenly boast to investors about raising prices on consumers without consequences—and these executives are saying they're going to continue to do so,” House Energy and Commerce committee chairman Rep. Frank Pallone (D-N.J.) said during Wednesday's hearing.

To fight this kind of price-gouging, Pallone, Schakowsky, and several Democrat co-sponsors introduced legislation earlier in the week to hold companies accountable. The COVID–19 Price Gouging Prevention Act would give the Federal Trade Commission the ability to seek civil penalties from companies that raise prices to “unconscionably excessive” levels during the pandemic.

According to quarterly reports for Tyson, the nation's largest meat processor, the company posted $3 billion in profit in 2021. It made over $1 billion in profit just last quarter, the reports showed.

That means profits are up a staggering 48% from the first quarter of 2021 compared with the same period in 2022, even as inflation is hurting American families.

A big reason for Tyson's skyrocketing profits: its 31% price hike on beef, 20% on chicken and 13% on pork.

It's not just inflation — corporate greed is also partially to blame for the rising prices you're paying

Starbucks blamed labor costs and supply shortages for higher prices — all while increasing their CEO's pay by 40% to $20 million.

www.businessinsider.com

In other words, you just made it up.

 

[bripat9643]

With gasoline prices poised to reach a new all-time high within days, President Joe Biden recently issued a stern warning to the nation’s oil producers and gas retailers.

“American oil and gas companies should not – should not exploit this moment to hike their prices to raise profits,” Biden said in a speech.

Are they, in fact, illegally price-gouging Americans at the pump or in the oil fields?

Most analysts say the short answer is no, but oil executives sometimes get close to crossing the line of anticompetitive behavior in their public comments.

ROFL! Only the brain damaged listen to anything Biden says.

 

[jc456]

Hell yeah!

Hell yeah! Let's go America! Let's go JOE!

take him as far the fk away from America as you can. bye

 

[jc456]

Certainly you won't hear it from Republicans. Republicans protect corporation who price gouge us. Can you show me that the prices have only gone up with inflation?

Top Democrats rip corporations for price gouging. 'Executives brazenly boast to investors about raising prices'

Democrats claim major corporations are using inflation, labor shortages and supply chain bottlenecks as an excuse to gouge consumers.

fortune.com

In December, the cost of consumer goods and services rose 7% over the past year.

“Corporate greed is motivating large companies to use the pandemic and supply chain issues as an excuse to raise prices simply because they can. And a lot of executives brazenly boast to investors about raising prices on consumers without consequences—and these executives are saying they're going to continue to do so,” House Energy and Commerce committee chairman Rep. Frank Pallone (D-N.J.) said during Wednesday's hearing.

To fight this kind of price-gouging, Pallone, Schakowsky, and several Democrat co-sponsors introduced legislation earlier in the week to hold companies accountable. The COVID–19 Price Gouging Prevention Act would give the Federal Trade Commission the ability to seek civil penalties from companies that raise prices to “unconscionably excessive” levels during the pandemic.

According to quarterly reports for Tyson, the nation's largest meat processor, the company posted $3 billion in profit in 2021. It made over $1 billion in profit just last quarter, the reports showed.

That means profits are up a staggering 48% from the first quarter of 2021 compared with the same period in 2022, even as inflation is hurting American families.

A big reason for Tyson's skyrocketing profits: its 31% price hike on beef, 20% on chicken and 13% on pork.

It's not just inflation — corporate greed is also partially to blame for the rising prices you're paying

Starbucks blamed labor costs and supply shortages for higher prices — all while increasing their CEO's pay by 40% to $20 million.

www.businessinsider.com

so you don't understand economics huh? you don't understand that xiden put supply chain people out of jobs because of illegal mandates. Price of gas, which then escalated the costs of goods that you are far too ignorant to understand the flow. Too fking funny and sad at the same time. Go away and clean the basement.

 

[sealybobo]

so you don't understand economics huh? you don't understand that xiden put supply chain people out of jobs because of illegal mandates. Price of gas, which then escalated the costs of goods that you are far too ignorant to understand the flow. Too fking funny and sad at the same time. Go away and clean the basement.

I understand anyone who writes xiden is not worth taking seriously. As soon as I read that, I stopped reading. So you wasted your time. Next time try to hide your bias a little better.

 

[jc456]

I understand anyone who writes xiden is not worth taking seriously. As soon as I read that, I stopped reading. So you wasted your time. Next time try to hide your bias a little better.

so you don't know economics, you deflected. normal. stay in the basement.

 

[Jim H - VA USA]

1Q22 GDP is -1.4%.

Biden is exceptionally gifted at failing. One would have to be completely incompetent to get negative GDP coming out of a pandemic.

He blames Putin and COVID. Why didn't he just admit that this is all by design, and people should look on the bright side - human suffering is necessary to save the environment from Climate Change for the greater good.

US economy shrank by 1.4% in Q1 in abrupt reversal

The U.S. economy shrank last quarter for the first time since the pandemic recession struck two years ago, contracting at a 1.4 percent annual rate, but consumers and businesses kept spending.

www.dailymail.co.uk

 

[jc456]

1Q22 GDP is -1.4%.

Biden is exceptionally gifted at failing. One would have to be completely incompetent to get negative GDP coming out of a pandemic.

He blames Putin and COVID. Why didn't he just admit that this is all by design, and people should look on the bright side - human suffering is necessary to save the environment from Climate Change for the greater good.

US economy shrank by 1.4% in Q1 in abrupt reversal

The U.S. economy shrank last quarter for the first time since the pandemic recession struck two years ago, contracting at a 1.4 percent annual rate, but consumers and businesses kept spending.

www.dailymail.co.uk

can't run the con any longer is what happened here.