Is the President soaring as his nemesis plummets into the abyss?

schmidlap said:
Desperate attempts at diversion fail.

The record is what it is, and it has the America-haters retrogressing to their pedophile pizza parlor fantasies.
A perusal of the nation's headlines beyond the Sexual Abuser's multiple indictments presents an encouraging picture:

The number of migrants illegally crossing the U.S.-Mexico border is lower than it's been since the first weeks of 2021
Illegal border crossings plunged in June to their lowest level since President Joe Biden’s first full month in office.

U.S. Added 209,000 Jobs in June in Sign of Economy's Resilience

The US private sector added half a million jobs last month

Stocks are riding a wave of optimism as U.S. inflation recedes

Stock market today: Wall Street ticks higher as earnings season ramps up

Inflation is finally falling sharply.​
Click to expand...
1689770324461.webp
 
justoffal said:
Even as the average pay numbers go up it's all smoke and mirrors because the dollar unit is devaluing at a record pace. They're evaluation of the economy is based solely on the dry statistics of numbers employed and not on whether or not the average employed person can afford a bag of groceries. Most people know when they hear it that it's bullshit due to their own personal experiences.
Below is a chart showing
Just how heinous the economic lie really is.View attachment 802227
Click to expand...
Very ignorant comment. Your chart is from 2010! It only covers a short period in 2010 (after the 2008/2009 fiscal crisis).

The U.S. dollar since then has strengthened greatly compared to the Japanese yen and is now worth almost 140 yen (see my historical map which can be adjusted for different time periods). It was worth less than 90 yen in 2010. The dramatic strengthening of the dollar compared to the Japanese yen accelerated further in 2023 due to our rise in interest rates.

By the way, the value of a particular nation’s currency (or its relative change in value to another particular national currency) by no means always parallels the overall health of that economy!

Check this chart out adjusted for a “10 year” period and compare the result to your old and narrow 2010 chart!

Japanese Yen - Quote - Chart - Historical Data - News

The USDJPY decreased 0.5590 or 0.36% to 152.6160 on Friday November 8 from 153.1750 in the previous trading session. Japanese Yen - values, historical data, forecasts and news - updated on November of 2024.
tradingeconomics.com tradingeconomics.com

Finally, while there certainly are endemic problems in our economic system, it has in fact been surprisingly robust and looks likely to avoid a major recession this year as most expert economists originally predicted was all but inevitable since the Federal Reserve raised rates. Those higher interest rates were necessary to tamper down inflation (caused by Covid/Ukraine War/China de-coupling and de-risking spending). That inflation is still a (now much lesser) threat. The U.S. economy overall has adjusted well to the higher rates, but by themselves these will not change the inequality in society nor the suffering of the many who are not able to accumulate capital in their working lives.

At least now intelligent ordinary U.S. “savers” can earn decent interest (that should match or even surpass inflation) instead of being driven into our — for now — frothing stock market. We shall have to wait to see how this all works out in the longer term. Nobody, not even the experts, know for sure.
 
Last edited:
The denial of truth is strong in this potatohead supporters group.

F1-Zwn-DDXw-AAq-RMP.jpg
 
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Tom Paine 1949 said:
Very ignorant comment. This chart is from 2010! It only covers a short period in 2010 (after the 2008/2009 fiscal crisis). The U.S. dollar since then has strengthened greatly compared to the yen and is now worth almost 140 yen (see my historical map which can be adjusted for different time periods). It was worth only about 80 yen in 2010. The dramatic strengthening of the dollar compared to the Japanese Yen accelerated further in 2023 due to our rise in interests rates. By the way, the value of a particular nation’s currency (or its relative change in value to another particular national currency) by no means always parallels the overall or health of that economy!

Japanese Yen - Quote - Chart - Historical Data - News

The USDJPY decreased 0.5590 or 0.36% to 152.6160 on Friday November 8 from 153.1750 in the previous trading session. Japanese Yen - values, historical data, forecasts and news - updated on November of 2024.
tradingeconomics.com tradingeconomics.com
Click to expand...

Yes I see that's the wrong
Chart. Point to you.

Lol.....2 dimensional thinking It doesn't matter what the basket of currencies offers... What matters is the size of the grocery bag. You continue to quote the spin and the smoke and mirrors that are meaningless to the average paycheck earning citizen.

Buying power of the average household is down nearly 30% over the past 2 years. That is in and of itself a form of inflation that 80% of the American public has to deal with basket of trading currencies notwithstanding.
How many people do you think check the basket of currencies everyday? The only basket they check is the one they take to the register at the grocery store.
 
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Besides being burdened by their unpopular authoritarian assault upon reproductive freedom, etc., Republican bitching & moaning is having an increasingly difficult time contriving pretexts for all the sniveling:

Trump's reputation as a loser and promoter of losers (2018, 2020, 2022) is on the line, but multiple indictments keep the spotlight on the Loser, and off his GOP challengers, as the Loser lashes out hysterically at public servants.

Needless to say, the GOP's determination to smear the President is collapsing:

 
schmidlap said:
Well, maybe not, but leading a nation whose economy is flourishing sure beats being mired in multiple indictments for attempts to sabotage democracy and compromise national security, doesn't it?

Sure, the nation's economy could collapse and the sexual abuser pull out of his legal death spiral before November, 2024, but we can only be sure of now, and now is auspicious

Strong labor market growth is pushing aside recession fears​

... The June jobs report, to be released Friday, will provide a fresh view of the state of the labor market and is predicted to show the 30th continuous month of vigorous job gains, with economists forecasting 225,000 jobs created.​
​
“Businesses that were very worried about the possibility of a downturn and sitting on the sidelines are feeling more confident now that the U.S. could actually avoid a [recession],” said Julia Pollak, chief economist at ZipRecruiter. “The labor market actually is remarkably resilient.”...​

As long as Americans remain employed, they’ve been able to keep spending, even in the face of persistent inflation.​
​
Bloomberg Economics, which last fall forecast a 100 percent chance of a recession by October, now says the country will “narrowly dodge” a downturn this year. Major banks including Goldman Sachs and Barclay’s are watering down recession predictions, in large part because of the job market’s resilience.​
​
“As long as the economy continues to produce more than 200,000 jobs a month, this economy is not going to slip into recession,” Joe Brusuelas, chief economist at RSM, wrote in a research note.​
​
[MSN]​
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The president’s investment agenda is already generating a huge economic impact. ​
Will political benefits follow?​


When President Joe Biden visits South Carolina to tout a new solar-energy-manufacturing facility today, he will underscore a striking pattern: Some of the biggest winners from his economic agenda have been Republican-leaning places whose political leaders have consistently opposed his initiatives.​
​
Centered on a trio of bills Biden signed in his first two years, the president’s economic program has triggered what could become the most concentrated burst of public and private investment since the 1960s. The twin bills Biden signed in 2022 to promote more domestic production of clean energy and semiconductors have already helped generate about $500 billion in private investment in new factories and expansion of existing plants, according to the administration’s tally. Simultaneously, the federal government is spending billions more repairing roads, bridges, and other facilities through some 32,000 projects already funded by the bipartisan infrastructure bill approved in 2021. Companies are spending twice as much on constructing new manufacturing facilities as they were as recently as two years ago, a recent Treasury Department analysis found.​
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Click to expand...
Excellent post.
 
Lastamender said:
Propaganda is not excellence.
Click to expand...
Current headlines attest to the disparate trajectories of the President and the Trump:

Economy grew 2.4% last quarter, suggesting the U.S. is steering clear of recession​

 
schmidlap said:
Well, maybe not, but leading a nation whose economy is flourishing sure beats being mired in multiple indictments for attempts to sabotage democracy and compromise national security, doesn't it?

Sure, the nation's economy could collapse and the sexual abuser pull out of his legal death spiral before November, 2024, but we can only be sure of now, and now is auspicious

Strong labor market growth is pushing aside recession fears​

... The June jobs report, to be released Friday, will provide a fresh view of the state of the labor market and is predicted to show the 30th continuous month of vigorous job gains, with economists forecasting 225,000 jobs created.​
​
“Businesses that were very worried about the possibility of a downturn and sitting on the sidelines are feeling more confident now that the U.S. could actually avoid a [recession],” said Julia Pollak, chief economist at ZipRecruiter. “The labor market actually is remarkably resilient.”...​

As long as Americans remain employed, they’ve been able to keep spending, even in the face of persistent inflation.​
​
Bloomberg Economics, which last fall forecast a 100 percent chance of a recession by October, now says the country will “narrowly dodge” a downturn this year. Major banks including Goldman Sachs and Barclay’s are watering down recession predictions, in large part because of the job market’s resilience.​
​
“As long as the economy continues to produce more than 200,000 jobs a month, this economy is not going to slip into recession,” Joe Brusuelas, chief economist at RSM, wrote in a research note.​
​
[MSN]​
​
​
The president’s investment agenda is already generating a huge economic impact. ​
Will political benefits follow?​


When President Joe Biden visits South Carolina to tout a new solar-energy-manufacturing facility today, he will underscore a striking pattern: Some of the biggest winners from his economic agenda have been Republican-leaning places whose political leaders have consistently opposed his initiatives.​
​
Centered on a trio of bills Biden signed in his first two years, the president’s economic program has triggered what could become the most concentrated burst of public and private investment since the 1960s. The twin bills Biden signed in 2022 to promote more domestic production of clean energy and semiconductors have already helped generate about $500 billion in private investment in new factories and expansion of existing plants, according to the administration’s tally. Simultaneously, the federal government is spending billions more repairing roads, bridges, and other facilities through some 32,000 projects already funded by the bipartisan infrastructure bill approved in 2021. Companies are spending twice as much on constructing new manufacturing facilities as they were as recently as two years ago, a recent Treasury Department analysis found.​
​
​


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​

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​
​
Click to expand...
Why do you think they can't get their minds off HB's big dick?
 
justoffal said:
Even as the average pay numbers go up it's all smoke and mirrors because the dollar unit is devaluing at a record pace. They're evaluation of the economy is based solely on the dry statistics of numbers employed and not on whether or not the average employed person can afford a bag of groceries. Most people know when they hear it that it's bullshit due to their own personal experiences.
Below is a chart showing
Just how heinous the economic lie really is.View attachment 802227
Click to expand...
A chart from 2010?

BWAHAHAHAHAHAHAHA
 
schmidlap said:
Current headlines attest to the disparate trajectories of the President and the Trump:

Economy grew 2.4% last quarter, suggesting the U.S. is steering clear of recession​

Click to expand...
Manipulated numbers are propaganda.
 
Lastamender said:
Manipulated trash. Just like you shill.
Click to expand...
It is painfully obvious that you have no credible empirical data to cite.

You can only spout the dogmatic articles of ideological faith in which you have been indoctrinated.
 
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