Is the Economy Doing Well?

[hadit]

Yes it is. Joe is handing off another STRONG economy to Trump (who will claim he did it)

An amazing accomplishment considering the smoking hole in the ground Biden was handed

Seven reasons why today’s economy is historically strong

Economic performance looms large in every presidential election year. In 2024, people’s perception of their own economic situation is high, yet their estimation of the economy’s performance more generally has been noticeably negative. It is often taken as given in economic commentary that the...

www.epi.org

Yeah, it's almost as if something really big and really serious happened right about then, something that effected the entire world and devastated the global economy. Now if we could only figure out what that was...

 

[hadit]

Biden's economy continues to rock.

Job growth was much stronger than expected in December, possibly providing the Federal Reserve less incentive to cut interest rates this year.

Nonfarm payrolls surged by 256,000 for the month, up from 212,000 in November and above the 155,000 forecast from the Dow Jones consensus, the Bureau of Labor Statistics reported Friday.

The unemployment rate edged down to 4.1%, one-tenth of a point below expectations.

Oh, wait, NOW the president is in charge of the economy? When it was suffering under Quid Pro Joe, we were told ad nauseum that it was out of his control and the poor guy just couldn't do anything about it.

 

[hadit]

Before Trump takes office, they'll proclaim that any more good news will be because the economy is excited that he's coming back.

zzz

Great job, House Republicans!

 

[Marener]

Oh, wait, NOW the president is in charge of the economy? When it was suffering under Quid Pro Joe, we were told ad nauseum that it was out of his control and the poor guy just couldn't do anything about it.

Someone grounded in reality would acknowledge the president can influence the economy but can’t control it.

It takes a degree of intelligence to figure out what they are and aren’t responsible for.

 

[berg80]

Oh, wait, NOW the president is in charge of the economy?

According to trumples he was solely responsible for inflation. Now you want to have it both ways?

 

[Toddsterpatriot]

Someone grounded in reality would acknowledge the president can influence the economy but can’t control it.

It takes a degree of intelligence to figure out what they are and aren’t responsible for.

In the case of Biden, he had zero degrees of intelligence.

 

[Marener]

In the case of Biden, he had zero degrees of intelligence.

Very insight and intelligent contribution to the discussion. Bravo.

 

[Toddsterpatriot]

Very insight and intelligent contribution to the discussion. Bravo.

You're welcome.

 

[Tumblin Tumbleweed]

Lefties are having a tough time coping.

Trump won.

Even MSNBC is sucking up to Trump now.

Time for you guys to get your kneepads and lipstick like Kamala.

Enjoy your 2nd rate bag O' shit.

 

[Lesh]

According to trumples he was solely responsible for inflation. Now you want to have it both ways?

Of course they do. Shamelessly

 

[hadit]

Someone grounded in reality would acknowledge the president can influence the economy but can’t control it.

It takes a degree of intelligence to figure out what they are and aren’t responsible for.

It also takes a degree of integrity to acknowledge that Congress plays a significant role in the government's impact on the economy. The best federal budget we've had in living memory was the result of a pragmatic democrat president willing to buck his own party and a Republican congress willing to hold his feet to the fire.

 

[hadit]

According to trumples he was solely responsible for inflation. Now you want to have it both ways?

That's what I'm asking.

 

[Marener]

It also takes a degree of integrity to acknowledge that Congress plays a significant role in the government's impact on the economy. The best federal budget we've had in living memory was the result of a pragmatic democrat president willing to buck his own party and a Republican congress willing to hold his feet to the fire.

The best budget was also the product of higher taxes.

People have a tendency to think that the federal budget has a massive influence on the economy. It does have influence, but people dramatically ovestate it.

 

[hadit]

The best budget was also the product of higher taxes.

And the dot com boom. Bubba rode that thing.

People have a tendency to think that the federal budget has a massive influence on the economy. It does have influence, but people dramatically ovestate it.

They also give the president sole credit or blame, allowing congresscritters to hide in the shadows.

 

[berg80]

Stock futures climbed on Wednesday after the latest consumer price index showed core inflation unexpectedly slowed in December.

Futures tied to the Dow Jones Industrial Average rose 500 points, or 0.5%, increasing as the earnings results hit the tape. S&P 500 futures and Nasdaq 100 futures climbed 0.4% each.

December’s consumer price index showed the core inflation rate, which excludes food and energy, rose 3.2%, the Bureau of Labor Statistics reported Wednesday. This was a notch down from the previous month and better than the 3.3% estimated by economists surveyed by Dow Jones.

https://www.cnbc.com/2025/01/14/stock-market-today-live-updates.html

Dow futures surge 500 points after encouraging inflation report, strong bank earnings​

 

[sealybobo]

Bullshit. Inflation has killed your "wonderful" economy. What matters is what people can afford. I could afford Christmas during the Trump years. No more.

Powell warning that Trump’s tariffs are going to cause higher inflation and slower growth. The Federal Reserve needs to hold back on cutting rates until it has a better understanding of Trump’s policies, he said.

And Trump is furious. He wants to cause higher inflation AGAIN!

 

[hadit]

Powell warning that Trump’s tariffs are going to cause higher inflation and slower growth. The Federal Reserve needs to hold back on cutting rates until it has a better understanding of Trump’s policies, he said.

And Trump is furious. He wants to cause higher inflation AGAIN!

Sure, he does. Hold onto that, though. I hear it helps when the voices get too loud.

 

[sealybobo]

Sure, he does. Hold onto that, though. I hear it helps when the voices get too loud.

Maybe he doesn't want to cause inflation again but he's going to. He must be stupid. So's anyone who voted for him. This is self inflicted. Trump's doing everything he said Kamala would do if she won.

• Federal Reserve Governor Christopher Waller said Monday he expects the effects of President Donald Trump’s tariffs on prices to be “transitory.”
• The central banker embraced a term that got the central bank in trouble during the last bout of inflation.

Global trade outlook has ‘deteriorated sharply’ amid Trump tariff uncertainty, WTO warns​

Unemployment fears hit worst levels since Covid as tariffs fuel inflation outlook, Fed survey shows​

Consumer confidence is low.

The only reason sales were up last month was people were worried that tariff's were going to jack prices up.