New Biden Economy Pitch (Bidenomics) Shredded by Trump

[Winco]

Acknowledged.
I also acknowledge that my quite minor error, was not nearly as severe as your major one.

Fair enough.

 

[protectionist]

None of that is true. Excluding 2020, growth in Trump’s initial three years in office was 2.5 percent — barely above Obama and well below the growth under the Clinton, Reagan and Johnson administrations. And Trump inherited a strong economy not the destroyed economies passed to Obama and Biden.

Even the employment situation was simply the trend he inherited. Obama inherited a disaster and fixed it. Trump inherited a fixed employment situation and turned it into a disaster.

View attachment 799871

Are you trying to become the USMB village idiot ? Everything I said was true, and the BEA charts confirm it.

So you claim Trump's GDP's didn't rise in 2017 & 2018, after Obama's GDPs sunk in 2015 & 2016 ?.. then you're just plain WRONG. Strike 1

And you claim that Trump inherited a strong economy. FALSE! Does this look like a strong economy to you ? >>

Strike 2.

So you claim Trump's GDP in Q3 2020 wasn't the highest in US history ? Then you're just plain WRONG again. Strike 3.

I wouldn't call 6 months of excellent GDPs (35.3 & 3.9 shown above) a destroyed economy passed to Biden. Only an idiot would do that,
Strike 4.

You're also WRONG about Trump and the unemployment situation. You said he turned it into a disaster. FALSE! again. When Trump took over in Jan 2021, the unemployment rate was 4.7%. In Feb. 2020 it had steadily DROPPED to 3.5%.

Then, after the Democrat pandemic (started by Obama/Biden/Fauci NIH), worsened by red state shutdowns, and Pelosi's refusal to allow stimulus check$$ to be sent), Trump's unemployment DROPPED again from a DEMOCRAT Pandemic high of 14.7% (April 2020) to 6.3% (Jan 2021) when he left office.
Latest figures are a Biden RISE from April 2023 (3.4%) to May 2023 (3.7%).
Strike 5,..... or is it 6 or 7 ? I've lost count.

 

[protectionist]

Economy under Biden has been stellar. Other than right wingers thinking its bad the metrics are outstanding for coming out of the situation we started in. Anyone not employed or isn’t making more than they did under Trump just isn’t trying… lazy I guess.

You call these numbers "stellar" ?

HA HA. Liberals will say anything. Ho hum.
You can call it "stellar" if you like. Economists call it RECESSION (as the economy recedes with 2 consecutive quarters of falling GDP.

recession definition - Google Search

And with Biden's MASSIVE 40 year record INFLATION, what Americans are "making" isn't keeping up with what they are having to SPEND.

Nothing dumber than a leftist trying to tout Biden's awful record on the economy. Pheeeew! (high-pitched whistle)

 

[Winco]

I wouldn't call 6 months of excellent GDPs (35.3 & 3.9 shown above) a destroyed economy passed to Biden. Only an idiot would do that,
Strike 4.

Why are you excluding the period before the 35.3 ?

In post #4, you claimed the 35.3 number as 65.2 Why is that?

 

[otto105]

Joe Biden has had a list of laughingstocks since he stole the presidency in 2021. His latest one is being touted as "Bidenomics", and is being pitched as a big success. Once again, leftists prove they will say anything, no matter how absurd.

Predictably, the real president, Donald Trump wasted no time, and immediately pounced on Biden's laughable claims, referring to the Biden economy as >> "the worst economic decline since the Great Depression."

"'Bidenomics' is the opposite of President Trump's historic economy," the Trump campaign said in a detailed statement deriding Biden's plan on Wednesday. "President Trump's success is low taxes, low regulations, low inflation, maximizing American energy production for affordable energy, fair trade, and no job-killing globalist agreements.

"'Bidenomics' is high taxes, crippling regulations, crushing inflation, war on American energy, soaring energy costs, job-killing globalist international agreements like the Paris Climate Accord, and total economic surrender to China and other foreign countries. America first economics vs. America last."

Hmmm, it's a funny thing about Joe Biden, He just sort of ambles along doing anything and saying anything he pleases. This includes assaulting women & children in front of press cameras, bragging about having an extensive voter fraud network, and extorting the Ukranians. Also, his latest > openly admitting that he sold state secrets.

So it shouldn't come as any surprise that that Biden would present his awful economy to the American people as being successful. I don't know if this dude could tell the truth if he tried.

"Every plank of President Trump's economy makes it easier, more attractive for American jobs, American workers, and American families in the U.S.," the Trump administration statement continued. "Every plank of 'Bidenomics' hurts jobs and workers in America and rewards outsourcers and foreign producers."


"Biden and the radical Democrat Congress singlehandedly created the highest inflation in decades," the statement said. "They spent trillions of dollars and pursued the socialist joke known as the Green New Deal.

"Now the inflation and high interest rates that Biden caused have resulted in the Biden banking crisis — a disaster of historic proportions."

Well, it looks like Americans aren't buying Biden's BS. A poll taken by Associated Press-NORC Center for Public Affairs Research is showing a pitiful 34% approval of Biden's economy. That's even less than his unimpressive 41% overall job approval.

But, this is Biden being Biden. Bring on the eye rolls.

https://www.newsmax.com/newsfront/bidenomics-economics-inflation/2023/06/28/id/1125306/?ns_mail_uid=f2b3786c-e1eb-48d4-a5ba-7a57aaf9e4f5&ns_mail_job=DM493138_06282023&s=acs&dkt_nbr=0105042e97ty

Hilarious for an orange bedwetter living in a fantasy world.

 

[Toddsterpatriot]

None of that is true. Excluding 2020, growth in Trump’s initial three years in office was 2.5 percent — barely above Obama and well below the growth under the Clinton, Reagan and Johnson administrations. And Trump inherited a strong economy not the destroyed economies passed to Obama and Biden.

Even the employment situation was simply the trend he inherited. Obama inherited a disaster and fixed it. Trump inherited a fixed employment situation and turned it into a disaster.

View attachment 799871

And Trump inherited a strong economy not the destroyed economies passed to Obama and Biden.

Obama's 1.6% was a strong economy?

 

[Toddsterpatriot]

Economy under Biden has been stellar. Other than right wingers thinking its bad the metrics are outstanding for coming out of the situation we started in. Anyone not employed or isn’t making more than they did under Trump just isn’t trying… lazy I guess.

Anyone not employed or isn’t making more than they did under Trump just isn’t trying…

Who is making more real income under Biden?

 

[otto105]

You call these numbers "stellar" ?

HA HA. Liberals will say anything. Ho hum.
You can call it "stellar" if you like. Economists call it RECESSION (as the economy recedes with 2 consecutive quarters of falling GDP.

recession definition - Google Search

And with Biden's MASSIVE 40 year record INFLATION, what Americans are "making" isn't keeping up with what they are having to SPEND.

Nothing dumber than a leftist trying to tout Biden's awful record on the economy. Pheeeew! (high-pitched whistle)

Better than the previous guy.

 

[otto105]

Anyone not employed or isn’t making more than they did under Trump just isn’t trying…

Who is making more real income under Biden?

Everyone.

 

[Toddsterpatriot]

Everyone.

Post your evidence.

 

[protectionist]

Everyone.

NO ONE. (except the Biden family)

 

[protectionist]

Better than the previous guy.

Since I don't see 2 consecutive quarters of NEGATIVE GDP growth followed by recession (2 consecutive quarters of falling GDP growth) with the "previous guy", I would save I'd have to DISAGREE with you.

We DO see that with Biden in Jan 2022 to April 2023.

 

[protectionist]

Hilarious for an orange bedwetter living in a fantasy world.

Try looking at the numbers.

 

[Toddsterpatriot]

Everyone.

No evidence? LOL!

 

[protectionist]

Why are you excluding the period before the 35.3 ?

In post #4, you claimed the 35.3 number as 65.2 Why is that?

OBVIOUSLY, because the quarter before the 35.2, was the quarter of PANDEMIC SHUTDOWNS (brought about by Obama/Biden/Fauci NIH + Pelosi's refusal to allows stimulu$$ checks to be sent out).

No, I did NOT claim the 35.3 number as 65.2. I claimed the 65.2 number (the INCREASE of GDP from Q2 to Q3) as being 65.2.

 

[Toddsterpatriot]

OBVIOUSLY, because the quarter before the 35.2, was the quarter of PANDEMIC SHUTDOWNS (brought about by Obama/Biden/Fauci NIH + Pelosi's refusal to allows stimulu$$ checks to be sent out).

No, I did NOT claim the 35.3 number as 65.2. I claimed the 65.2 number (the INCREASE of GDP from Q2 to Q3) as being 65.2.

I claimed the 65.2 number (the INCREASE of GDP from Q2 to Q3) as being 65.2.

That was hilarious!!! And wrong.

 

[citygator]

Are you trying to become the USMB village idiot ? Everything I said was true, and the BEA charts confirm it.

So you claim Trump's GDP's didn't rise in 2017 & 2018, after Obama's GDPs sunk in 2015 & 2016 ?.. then you're just plain WRONG. Strike 1

And you claim that Trump inherited a strong economy. FALSE! Does this look like a strong economy to you ? >>

Strike 2.

So you claim Trump's GDP in Q3 2020 wasn't the highest in US history ? Then you're just plain WRONG again. Strike 3.

I wouldn't call 6 months of excellent GDPs (35.3 & 3.9 shown above) a destroyed economy passed to Biden. Only an idiot would do that,
Strike 4.

You're also WRONG about Trump and the unemployment situation. You said he turned it into a disaster. FALSE! again. When Trump took over in Jan 2021, the unemployment rate was 4.7%. In Feb. 2020 it had steadily DROPPED to 3.5%.

Then, after the Democrat pandemic (started by Obama/Biden/Fauci NIH), worsened by red state shutdowns, and Pelosi's refusal to allow stimulus check$$ to be sent), Trump's unemployment DROPPED again from a DEMOCRAT Pandemic high of 14.7% (April 2020) to 6.3% (Jan 2021) when he left office.
Latest figures are a Biden RISE from April 2023 (3.4%) to May 2023 (3.7%).
Strike 5,..... or is it 6 or 7 ? I've lost count.

Under Obama from 2014 to 2016 (his last 3 years), real gross domestic product — the broadest measure of economic activity — grew at an average annual rate of 2.5%. In Trump's first three years, 2017 to 2019, real GDP expanded by an annual average of 2.6%, according to the Bureau of Economic Analysis. It is an indisputable fact that GDP was similar under the 3 years of Trump as it was the prior 3 years under Obama. Trump delivered those GDP numbers with a much higher level of spending than Obama s last three years too.

 

[Toddsterpatriot]

Under Obama from 2014 to 2016 (his last 3 years), real gross domestic product — the broadest measure of economic activity — grew at an average annual rate of 2.5%. In Trump's first three years, 2017 to 2019, real GDP expanded by an annual average of 2.6%, according to the Bureau of Economic Analysis. It is an indisputable fact that GDP was similar under the 3 years of Trump as it was the prior 3 years under Obama. Trump delivered those GDP numbers with a much higher level of spending than Obama s last three years too.

View attachment 800057

View attachment 800058

Under Obama from 2014 to 2016 (his last 3 years), real gross domestic product — the broadest measure of economic activity — grew at an average annual rate of 2.5%.

Link?

 

[protectionist]

Under Obama from 2014 to 2016 (his last 3 years), real gross domestic product — the broadest measure of economic activity — grew at an average annual rate of 2.5%. In Trump's first three years, 2017 to 2019, real GDP expanded by an annual average of 2.6%, according to the Bureau of Economic Analysis. It is an indisputable fact that GDP was similar under the 3 years of Trump as it was the prior 3 years under Obama. Trump delivered those GDP numbers with a much higher level of spending than Obama s last three years too.

View attachment 800057

View attachment 800058

Trump took over a SINKING economy from Obama. In Obama's last 2 years, the economy was sinking like a rock. In Post# 22, I asked you if this (the graph below) looked like a "strong economy". It was 2 back to back recessions.

Obama - 3.3........2.3........1.3.........0.6
Trump - 1.7..........2.0........3.4..........4.1

Here is Obama's 2014-2016 period in GDP. There are 7 drops from quarter to quarter and only 4 rises. And the drops look bigger than the increases. Doesn't look too impressive. From Q3 of 2016 to Q1 of 2017 was a recession (2 successive quarters of falling GDP).
The whole year of 2015 was back to back recessions (3 drops in GDP)

Nowhere in here is there a strong economy, except the ONE quarter rise of 2014 Q1 to Q2. One quarter out of 12.

 

[otto105]

Yeah, I don't see where the former 1-term fuckup stands out over President Obama.

An Annual Review of the U.S. Economy Since 1929