Don’t let republicans or polls fool you: the economy is doing well under Biden

From Office of Budget Management, realtime debt clock;
2020, at this date (late March, just entering pandemic and massive lockdowns and shutdowns of the economy) then;

Current, today (Mar. 20,2024) debt clock numbers;

Shows where the USA was when Trump's term was winding down versus where USA is now as Biden's term is running down (has run as long as Trump's did).
 
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Inflation was down to 3% starting in November.

.

You are truly dense. The inflation rate going down BY 3% is not the same as inflation going TO 3%.
Biden's inflation YOY inflation rate is the highest it has been in FORTY YEARS!

Read these links...



Inflation and the Economy Consistently Rank as Top Issues Among Likely Voters — and Here’s Our New Way To Ask Issue Importance





U.S. Inflation Rate by President: From Eisenhower to Biden








Joe Biden(2021–)​


Average YOY Inflation Rate: 5.7%*







The average yearly inflation rate under President Joe Biden so far is 5.7%. Biden signed the American Rescue Plan Act in 2021, a $1.9 trillion stimulus package to help the country recover from COVID-19. In the wake of the COVID-19 pandemic recovery and after the Russian invasion of Ukraine in 2022 caused gas prices to soar, inflation rose to record levels not seen since the 1980s.30



The White House (Biden Administration). “President Biden Announces American Rescue Plan.”

Inflation peaked at 9.1% year-over-year in June 2022, the highest increase in 40 years.







The Fed responded by raising interest rates 11 times since March 2022 in an attempt to cool the stubborn inflation. While inflation did come down from its 2022 peak in 2023, it still remains above the Fed’s 2% target.34 Biden's economic policies are now referred to as Bidenomics.







*The average yearly inflation rate for the Biden administration was calculated for the years 2021 to 2023, since Biden’s term is still ongoing.
**********************************************
Here's a bar graph that you MAY POSSIBLY understand!


Try to read the table beneath the graph also. The Monthly Inflation Rate for February was UP from January.
 
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You are truly dense. The inflation rate going down BY 3% is not the same as inflation going TO 3%.
Biden's inflation YOY inflation rate is the highest it has been in FORTY YEARS!

Read these links...


Inflation and the Economy Consistently Rank as Top Issues Among Likely Voters — and Here’s Our New Way To Ask Issue Importance

U.S. Inflation Rate by President: From Eisenhower to Biden

Joe Biden(2021–)​


Average YOY Inflation Rate: 5.7%*

The average yearly inflation rate under President Joe Biden so far is 5.7%. Biden signed the American Rescue Plan Act in 2021, a $1.9 trillion stimulus package to help the country recover from COVID-19. In the wake of the COVID-19 pandemic recovery and after the Russian invasion of Ukraine in 2022 caused gas prices to soar, inflation rose to record levels not seen since the 1980s.30

The White House (Biden Administration). “President Biden Announces American Rescue Plan.”

Inflation peaked at 9.1% year-over-year in June 2022, the highest increase in 40 years.

The Fed responded by raising interest rates 11 times since March 2022 in an attempt to cool the stubborn inflation. While inflation did come down from its 2022 peak in 2023, it still remains above the Fed’s 2% target.34 Biden's economic policies are now referred to as Bidenomics.

*The average yearly inflation rate for the Biden administration was calculated for the years 2021 to 2023, since Biden’s term is still ongoing.
**********************************************
Here's a bar graph that you MAY POSSIBLY understand!


Try to read the table beneath the graph also. The Monthly Inflation Rate for February was UP from January.
Inflation for 2024 is up 3.4% from last year. That is 3.4% ADDED TO THESE FIGURES.

What a deal!

2024%2001%2014%20Inflation.jpg
 
You are truly dense. The inflation rate going down BY 3% is not the same as inflation going TO 3%.
Biden's inflation YOY inflation rate is the highest it has been in FORTY YEARS!

Read these links...



Inflation and the Economy Consistently Rank as Top Issues Among Likely Voters — and Here’s Our New Way To Ask Issue Importance





U.S. Inflation Rate by President: From Eisenhower to Biden








Joe Biden(2021–)​


Average YOY Inflation Rate: 5.7%*







The average yearly inflation rate under President Joe Biden so far is 5.7%. Biden signed the American Rescue Plan Act in 2021, a $1.9 trillion stimulus package to help the country recover from COVID-19. In the wake of the COVID-19 pandemic recovery and after the Russian invasion of Ukraine in 2022 caused gas prices to soar, inflation rose to record levels not seen since the 1980s.30



The White House (Biden Administration). “President Biden Announces American Rescue Plan.”

Inflation peaked at 9.1% year-over-year in June 2022, the highest increase in 40 years.







The Fed responded by raising interest rates 11 times since March 2022 in an attempt to cool the stubborn inflation. While inflation did come down from its 2022 peak in 2023, it still remains above the Fed’s 2% target.34 Biden's economic policies are now referred to as Bidenomics.







*The average yearly inflation rate for the Biden administration was calculated for the years 2021 to 2023, since Biden’s term is still ongoing.
**********************************************
Here's a bar graph that you MAY POSSIBLY understand!


Try to read the table beneath the graph also. The Monthly Inflation Rate for February was UP from January.
They love playing word games with the American people in hopes to continue to fool them. So far sadly they got a lot of folks fooled.
 
15 million private jobs created since his administration began.

GDP growth is a constant.

Inflation has cooled and wages are now outpacing it.

Is the economy perfect? No, but it NEVER has been.

You needn’t vote for Trump. The economy was a failure. We lost 3 million jobs in that economy.

Sure. If ya like to pay Double for Gas ,Power ,Food ,Cloths ,and Houses.
 
15 million private jobs created since his administration began.

GDP growth is a constant.

Inflation has cooled and wages are now outpacing it.

Is the economy perfect? No, but it NEVER has been.

You needn’t vote for Trump. The economy was a failure. We lost 3 million jobs in that economy.

Lol. You morons keep yelling these lies. Meanwhile Americans are struggling to make ends meet . Biden, like all democrats are bad for America and Americans. Don't be fooled by the constant lies .
 
15 million private jobs created since his administration began.

GDP growth is a constant.

Inflation has cooled and wages are now outpacing it.

Is the economy perfect? No, but it NEVER has been.

You needn’t vote for Trump. The economy was a failure. We lost 3 million jobs in that economy.

You believe that if you tell the same lie often enough, SOMEONE will believe you.

Despite your malarkey, we have yet to return to the Labor Participation Rate we had during the Trump administration.

2024%2004%2004.jpg
 
U.S. Treasury Secretary: "China's enormous capacity affects world prices. And when the world market is flooded with artificially cheap Chinese goods, the viability of U.S. and other foreign firms is called into question."

Where's the "free market" bit here? Masks are off
 
U.S. Treasury Secretary: "China's enormous capacity affects world prices. And when the world market is flooded with artificially cheap Chinese goods, the viability of U.S. and other foreign firms is called into question."

Where's the "free market" bit here? Masks are off

You leave out the "Fair Market" which is where it should be. And China operates well outside that.
 
You believe that if you tell the same lie often enough, SOMEONE will believe you.

Despite your malarkey, we have yet to return to the Labor Participation Rate we had during the Trump administration.

2024%2004%2004.jpg

And we never, ever will due to more people being retired.

But what we did return to was a LFPR for the core working age group above what Trump had.

1712663352035.png
 
You believe that if you tell the same lie often enough, SOMEONE will believe you.

Despite your malarkey, we have yet to return to the Labor Participation Rate we had during the Trump administration.

2024%2004%2004.jpg
You’re talking about a rate that is primarily the retired, house spouses, students, the disabled, and teenagers at least 16. Only a portion of those are able bodied adults not looking for work.
 
You’re talking about a rate that is primarily the retired, house spouses, students, the disabled, and teenagers at least 16. Only a portion of those are able bodied adults not looking for work.

Yep, and the core working age LFPR is at close to record highs. But I am sure they will find a way to spin that as a bad thing
 
15 million private jobs created since his administration began.

GDP growth is a constant.

Inflation has cooled and wages are now outpacing it.

Is the economy perfect? No, but it NEVER has been.

You needn’t vote for Trump. The economy was a failure. We lost 3 million jobs in that economy.


By January 2024, wage growth was 4.5% and CPI was 3.4% in December 2023, the latest datapoints for each indicator. Workers are winning.Feb 5, 2024

Republicans will just move on to the border because they got nothing else.

What bothers me is those polls that say people trust trump more than biden when it comes to the economy? Boy are Americans stupid huh? Well I guess if Fox News isn't telling them the truth and they don't believe HuffPO what can we do?

Am I better off than was 4 years ago? Absolutely.

Don't forget unions won big last year. It's why the middle class is doing better. Auto workers, writers, casino workers, UPS drivers, healthcare workers, all fought and won their fair share last year.
 
You’re talking about a rate that is primarily the retired, house spouses, students, the adisabled, and teenagers at least 16. Only a portion of those are able bodied adults not looking for work.
your-desperation-is.jpg


According to you, our demographics were very different during President Trump's administration.

Seriously?
 
By January 2024, wage growth was 4.5% and CPI was 3.4% in December 2023, the latest datapoints for each indicator. Workers are winning.Feb 5, 2024

Republicans will just move on to the border because they got nothing else.

What bothers me is those polls that say people trust trump more than biden when it comes to the economy? Boy are Americans stupid huh? Well I guess if Fox News isn't telling them the truth and they don't believe HuffPO what can we do?

Am I better off than was 4 years ago? Absolutely.

Don't forget unions won big last year. It's why the middle class is doing better. Auto workers, writers, casino workers, UPS drivers, healthcare workers, all fought and won their fair share last year.
Seriously? Why are you always lying?

2024%2001%2014%20Inflation.jpg
 

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