....Our economy in 2021 = grew by nearly 6%....

[Chillicothe]

U.S. economy grew 5.7 percent in 2021, fastest full-year clip since 1984, despite ongoing pandemic​

GDP report by Bureau of Economic Analysis offers the latest snapshot of a resilient recovery​

Jobs and inflation were on the rise in the pandemic’s second year. The Bureau of Economic Analysis also said the economy grew 6.9 percent in the year’s final three months.

https://www.washingtonpost.com/business/2022/01/27/gdp-2021-q4-economy/

------------------------------------------------------------------------

Clearly, our economy is robust. Jobs are plentiful. Demand is strong. Wages are rising. The largest assett owned by Americans --their home -- is increasing in value.

To be sure, there are issues that are being addressed. Inflation --- too much money chasing too few goods --- is one. But that is a symptom of such a robust economy.

 

[SassyIrishLass]

What did around 7% inflation do to that?

 

[Meister]

With all that 'free money' floating around, just what was expected?
You figuring with the fed tightening and the 'free money' drying up
that you will have the same outcome???????

 

[Otis Mayfield]

Woohoo!

 

[evenflow1969]

Yep my boats are filled through late July. Life is good.

 

[whitehall]

I saw empty shelves in stores yesterday and the price of gas keeps going up while inflation is the highest in 40 years. The Biden administration can try for a fantasy view and fudge GDP statists but the real world seems to be a different place. The democrat party has become a religion. All they say these days is you have to disregard your senses and have faith in the old dude.

 

[Chillicothe]

With all that 'free money' floating around,

That "free money" --the Covid stimuls funds --- saved America from a crippling depression. And likely the world too.

And sure, that ginned up demand....but that is what it was intended to do. Keep American buying---and working ----in an economy that was facing the most dire threat in history.

With the Covid shock beginning in March of 2020 America and the world were reeling. America reached into its treasury...and into its credit lines....and did what it could to forestall disaster.

The result is that America, far better than any other economy in the world, stabilized and is now growing.

Sure, there are side-effects --anticipated and unanticipated -- that need be addressed. But the trade off of those side-effects vs. a collapse.......was a good trade.

IMHO

 

[Donald H]

A country's economy can grow at the expense of it's working people's low wages and higher unemployment.
The equation is balanced on the fact workers who aren't needed in high paying jobs are not a drain on the wealth of the big corporations that enrich the country and the economy.

And that is further reflected in the unemployment rate that is realistically somewhere around 17% and probably much higher. Employees working as little as an hour a week are considered to be employed. Those who have just stopped looking for a job are taken off the unemployment list. Walmart workers who work a maximum of 27 hours a week are considered employed. And the list goes on.

Is America's economy doing well attrutubable to Biden, or is it more likely attributed to Trump's effect of lowering wages due to stopping attempts for a minimum wage.

Or just equally to blame as being a part of the American system of promoting more and more inequality of wealth.

How Walmart and other large corporations fare = how the country's economy grows.

 

[Indeependent]

U.S. economy grew 5.7 percent in 2021, fastest full-year clip since 1984, despite ongoing pandemic​

GDP report by Bureau of Economic Analysis offers the latest snapshot of a resilient recovery​

Jobs and inflation were on the rise in the pandemic’s second year. The Bureau of Economic Analysis also said the economy grew 6.9 percent in the year’s final three months.

https://www.washingtonpost.com/business/2022/01/27/gdp-2021-q4-economy/

------------------------------------------------------------------------

Clearly, our economy is robust. Jobs are plentiful. Demand is strong. Wages are rising. The largest assett owned by Americans --their home -- is increasing in value.

To be sure, there are issues that are being addressed. Inflation --- too much money chasing too few goods --- is one. But that is a symptom of such a robust economy.

You really are that stupid?

 

[Maxdeath]

To many do not realize that most of that growth was from jobs reopening. They were not new jobs. We placed how much of the money needed to do that stabilization on the government credit card with no thought of how to pay it back or even a single thought of doing so. We have those in congress more then willing to spend even more on that same credit card. We need to stop doing that. We need to cut government, cut spending and start paying back that debt.

 

[Concerned American]

saved America from a crippling depression.

The first thing a dying nation does is liquidate its treasury--I'd say the vegetable and the democrats have done a stellar job at that. BTW, 5.9% growth--7% inflation equals less than flat.

 

[okfine]

I saw empty shelves in stores yesterday and the price of gas keeps going up while inflation is the highest in 40 years. The Biden administration can try for a fantasy view and fudge GDP statists but the real world seems to be a different place. The democrat party has become a religion. All they say these days is you have to disregard your senses and have faith in the old dude.

Shelves are full where I live in sunny SoCal. Sorry for you, I guess. Eat crow!

 

[Meister]

That "free money" --the Covid stimuls funds --- saved America from a crippling depression. And likely the world too.

And sure, that ginned up demand....but that is what it was intended to do. Keep American buying---and working ----in an economy that was facing the most dire threat in history.

With the Covid shock beginning in March of 2020 America and the world were reeling. America reached into its treasury...and into its credit lines....and did what it could to forestall disaster.

The result is that America, far better than any other economy in the world, stabilized and is now growing.

Sure, there are side-effects --anticipated and unanticipated -- that need be addressed. But the trade off of those side-effects vs. a collapse.......was a good trade.

IMHO

Dude, that isn't what we are talking about. You mentioned how great the economy is, It wasn't so much the economy is great as
it was the government's trillions of dollars that stimulated the economy. It's drying up, the fed is raising rates, and you didn't respond to that.
deflection, IMHO

 

[Meister]

Shelves are full where I live in sunny SoCal. Sorry for you, I guess. Eat crow!

I wish we could say the same, lucky you.

 

[Meister]

To many do not realize that most of that growth was from jobs reopening.

Yup, they weren't new jobs

 

[colfax_m]

With all that 'free money' floating around, just what was expected?
You figuring with the fed tightening and the 'free money' drying up
that you will have the same outcome???????

I guess you are now critical of the entire purpose of stimulus.

Who’d a thunk it?

 

[Chillicothe]

It's drying up, the fed is raising rates, and you didn't respond to that. deflection, IMHO

---------------------------------------------------------------------------
No deflection intended whatsoever.

Yes, the temporary distribution of Covid relief funds was......temporary.
And often stated as such.

And once our economy stabilized.....like now.....the measues were going to be throttled back. There should be no misunderstanding on that.

But, the economy was saved by it.
We are benefitting now because of it.
Our prospects going forward are now better for it.

Sure, there will be adjustments when those measures are re-calibrated.
But we are now in a much better position to make those adjustments than we were when the tidal-wave of misfortune was bearing down on us.....and the world.....in 2020.

The inescapable reality we must be grateful for is this: the American economy is the strongest economy currently.

And that is because of the wisdom ---and the courage ----to make the investment in the American people that we did.

 

[iamwhatiseem]

U.S. economy grew 5.7 percent in 2021, fastest full-year clip since 1984, despite ongoing pandemic​

GDP report by Bureau of Economic Analysis offers the latest snapshot of a resilient recovery​

Jobs and inflation were on the rise in the pandemic’s second year. The Bureau of Economic Analysis also said the economy grew 6.9 percent in the year’s final three months.

https://www.washingtonpost.com/business/2022/01/27/gdp-2021-q4-economy/

------------------------------------------------------------------------

Clearly, our economy is robust. Jobs are plentiful. Demand is strong. Wages are rising. The largest assett owned by Americans --their home -- is increasing in value.

To be sure, there are issues that are being addressed. Inflation --- too much money chasing too few goods --- is one. But that is a symptom of such a robust economy.

You gotta REALLY be a devoted mushroom to try and believe 2021 has been a good economic year, let alone a record one.
That is some funny shit.
Almost as funny as the Biden admin claiming he has created "millions of jobs"... when as of early January there were still 2,000,000 less people employed than January 2021. In order to "create" jobs you first have to get the country back to where it was, not fall 2 million short.
There are some sheep here... but the OP really takes the cake.

 

[SassyIrishLass]

---------------------------------------------------------------------------
No deflection intended whatsoever.

Yes, the temporary distribution of Covid relief funds was......temporary.
And often stated as such.

And once our economy stabilized.....like now.....the measues were going to be throttled back. There should be no misunderstanding on that.

But, the economy was saved by it.
We are benefitting now because of it.
Our prospects going forward are now better for it.

Sure, there will be adjustments when those measures are re-calibrated.
But we are now in a much better position to make those adjustments than we were when the tidal-wave of misfortune was bearing down on us.....and the world.....in 2020.

The inescapable reality we must be grateful for is this: the American economy is the strongest economy currently.

And that is because of the wisdom ---and the courage ----to make the investment in the American people that we did.

You're trying to put lipstick on a pig

 

[task0778]

1. GDP is a backward-looking indicator of a number of factors, one of which is gov't spending. Which as we all know went crazy last year trying to keep the economy afloat, along with the QE activities from the Fed. People are spending money that they did not earn, hence inflation; demand went up but productivity did not. That's not economic growth, the latest GDP number is not that accurate. Wages and prices went up, whoop-de-doo, but the spending power of a dollar went up higher. Some say it's all sunshine and unicorns, but sooner or later the piper must be paid.