john doe 101
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President Biden will bequeath a strong economy for Trump to destroy
- Thread starter C_Clayton_Jones
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gipper
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‘The U.S. economy added 256,000 jobs in December, beating economist's expectations and cementing the fact that President Joe Biden is leaving Donald Trump a strong economy as his term comes to a close.
The report showed unemployment fell to 4.1%, while wage growth rose 0.3% to an average hourly rate of $35.69. Ultimately, wage growth in 2024 rose 3.9%—outpacing the 2.7% inflation rate, according to data from the Bureau of Labor Statistics.
The "economy remains very robust," Harvard economics professor Jason Furman wrote in a post on X. "A variety of indicators show the labor market has stabilized. There doesn't seem to be any pressing reason to change interest rates any time soon."
The report, released by the BLS, is the final full monthly report of Biden's tenure.’
Biden will bequeath a strong economy for Trump to destroy
The U.S. economy added 256,000 jobs in December, beating economist's expectations and cementing the fact that President Joe Biden is leaving Donald Trump a strong economy as his term comes to a close.www.dailykos.com
Another Democratic president cleans up another Republican’s mess and leaves another Republican with a strong, healthy economy.
Man With A Plan
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- May 21, 2023
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I'm feeling much better about the stocks I own NOW than I did two months ago, John!
Leo123
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What did he do that was great?
SweetTea
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I am far more confident now that I can navigate the market than I would have been had Harris or Biden had won. The market has been over-valued for a bit, but at least now there will be some sensible fiscal policy. The only caveat is fed tightening, which they have already signaled is a possibility. Trump should replace Powell, IMO. If implemented, Trump’s fiscal proposals will be a huge boom for our country. If his first term can be followed up by 8 years of Vance, I will be GOLDEN. If some nut job lefty takes over in 2028 and reverses all the policies(again), then I will make appropriate moves.
john doe 101
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justoffal
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ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT ROBOT‘The U.S. economy added 256,000 jobs in December, beating economist's expectations and cementing the fact that President Joe Biden is leaving Donald Trump a strong economy as his term comes to a close.
The report showed unemployment fell to 4.1%, while wage growth rose 0.3% to an average hourly rate of $35.69. Ultimately, wage growth in 2024 rose 3.9%—outpacing the 2.7% inflation rate, according to data from the Bureau of Labor Statistics.
The "economy remains very robust," Harvard economics professor Jason Furman wrote in a post on X. "A variety of indicators show the labor market has stabilized. There doesn't seem to be any pressing reason to change interest rates any time soon."
The report, released by the BLS, is the final full monthly report of Biden's tenure.’
Biden will bequeath a strong economy for Trump to destroy
The U.S. economy added 256,000 jobs in December, beating economist's expectations and cementing the fact that President Joe Biden is leaving Donald Trump a strong economy as his term comes to a close.www.dailykos.com
Another Democratic president cleans up another Republican’s mess and leaves another Republican with a strong, healthy economy.
john doe 101
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You are a child.
Did you not do well the last 4 years? Most people got raises that made up for inflation. Didn't you? So either you did well under Biden or you are a loser who's struggling because of inflation. Suddenly none of you are struggling losers.
Economists To Trump: Don’t Screw It Up
Despite the 2024 campaign rhetoric, Joe Biden is leaving Donald Trump a healthy economy that may be better off left alone.From 2019 to 2022, the median net worth of American families jumped 37% to $192,900, after adjusting for inflation. It’s the largest increase ever recorded by the federal Survey of Consumer Finances, released last fall. Surging home values and rising stock ownership fed the surge.
You campaigned to people who didn't benefit from surging home values and the rising stock ownership. Did you or did you not benefit from this? Fascism? Weren't you winning?
Fascism has just taken over. The rich own/control everything. They aren't going to pay you more you fool. Unless you own the business. Are you a worker?
Economists To Trump: Don’t Screw It Up
Despite the 2024 campaign rhetoric, Joe Biden is leaving Donald Trump a healthy economy that may be better off left alone.
Forty-eight months and 21%. As President Joe Biden hands off stewardship of the U.S. economy to Donald Trump, those two numbers describe how Biden’s economic legacy is viewed.
Forty-eight is the number of consecutive months American jobs grew under Biden, the entirety of his tenure, from January 2021 through December 2024. The feat is extraordinary, making Biden the only president going back to at least 1939 to do this. (There were two other presidential terms where this happened, Barack Obama’s and Ronald Reagan’s, but they followed first terms that saw recessions with monthly job losses.)
The temptation to mess it up may be too strong to resist for Trump, who takes office on Monday and could start implementing his tariff agenda almost immediately. Trump successfully ran on the idea that the economy under Biden was uniquely terrible, and the public agreed: 68% of voters said the economy was either “not so good” or “poor.”
On paper, there is a lot for the Biden administration to crow about:
- An unemployment rate that started at 6.4% in January 2021 but was at or below 4% for 30 of its 48 months;
- The number of manufacturing jobs rising above pre-pandemic levels before settling back to the where it was when the pandemic started;
- A record high in household net worths, a combined $169 trillion in the third quarter of 2024, the latest data available;
- On trade, an issue Trump hammered, the Biden administration in 2023 saw a lower annual trade deficit with China than ever seen in Trump’s previous term and the lowest since 2009.
Man With A Plan
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Because of inflation the average American family was paying out over $11,000 more per year. How many Americans do you think got a raise anywhere NEAR that amount?Did you not do well the last 4 years? Most people got raises that made up for inflation. Didn't you? So either you did well under Biden or you are a loser who's struggling because of inflation. Suddenly none of you are struggling losers.
Economists To Trump: Don’t Screw It Up
Despite the 2024 campaign rhetoric, Joe Biden is leaving Donald Trump a healthy economy that may be better off left alone.
From 2019 to 2022, the median net worth of American families jumped 37% to $192,900, after adjusting for inflation. It’s the largest increase ever recorded by the federal Survey of Consumer Finances, released last fall. Surging home values and rising stock ownership fed the surge.
You campaigned to people who didn't benefit from surging home values and the rising stock ownership. Did you or did you not benefit from this? Fascism? Weren't you winning?
Fascism has just taken over. The rich own/control everything. They aren't going to pay you more you fool. Unless you own the business. Are you a worker?
Economists To Trump: Don’t Screw It Up
Despite the 2024 campaign rhetoric, Joe Biden is leaving Donald Trump a healthy economy that may be better off left alone.www.huffpost.com
Forty-eight months and 21%. As President Joe Biden hands off stewardship of the U.S. economy to Donald Trump, those two numbers describe how Biden’s economic legacy is viewed.
Forty-eight is the number of consecutive months American jobs grew under Biden, the entirety of his tenure, from January 2021 through December 2024. The feat is extraordinary, making Biden the only president going back to at least 1939 to do this. (There were two other presidential terms where this happened, Barack Obama’s and Ronald Reagan’s, but they followed first terms that saw recessions with monthly job losses.)
The temptation to mess it up may be too strong to resist for Trump, who takes office on Monday and could start implementing his tariff agenda almost immediately. Trump successfully ran on the idea that the economy under Biden was uniquely terrible, and the public agreed: 68% of voters said the economy was either “not so good” or “poor.”
On paper, there is a lot for the Biden administration to crow about:
- An unemployment rate that started at 6.4% in January 2021 but was at or below 4% for 30 of its 48 months;
- The number of manufacturing jobs rising above pre-pandemic levels before settling back to the where it was when the pandemic started;
- A record high in household net worths, a combined $169 trillion in the third quarter of 2024, the latest data available;
- On trade, an issue Trump hammered, the Biden administration in 2023 saw a lower annual trade deficit with China than ever seen in Trump’s previous term and the lowest since 2009.
Well Jones, yes, the economy continues the recovery from the government mandated shut down, however, real inflation, which includes gas, energy, and food, essential cost of maintaining ones quality of life remain high and impacts all Americans.
We made out by our home values increasing and our 401K's.
And Lots of people got raises that made up for inflation.
Yes, most workers have received raises that have made up for inflation. This is due to a strong labor market and disinflation.
Wage growth has been rising faster than inflation for more than two years. In October 2023, 54% of workers received a raise above inflation, which is similar to the average from 2016–2019.
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Unions Scored Big Victories In 2023: Why Don't More People Join Them?
Here’s a puzzler: unions representing autoworkers, screenwriters, and baristas scored big victories in 2023, public opinion of unions hit its highest in decades, yet the membership rate slipped to its lowest ever. How come?
Here's the funny thing. The uneducated blue collar workers didn't get raises that made up for inflation. The people who rent instead of own a home, didn't get raises that made up for inflation. And you, Elon and Bezos certainly don't want to pay them more, even though your wealth has skyrocketed.
Remember, when Trump says he's going to make America great again, who's he going to do that for? It's already great for Bezos and Elon. Is he going to make it greater for them? Yes he is. Is he going to make it better for you? Labor??? A TAKER? He can't help both you and Elon. Wake up.
Man With A Plan
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The reason that working people voted for Trump is because under him their take home pay was increasing more than inflation. The reason that working people didn't vote for Kamala is that under the Biden/Harris Administration, rampant inflation increased the cost of everything they need to buy and their pay didn't come close to covering that!We made out by our home values increasing and our 401K's.
And Lots of people got raises that made up for inflation.
Yes, most workers have received raises that have made up for inflation. This is due to a strong labor market and disinflation.
Wage growth has been rising faster than inflation for more than two years. In October 2023, 54% of workers received a raise above inflation, which is similar to the average from 2016–2019.
Unions Scored Big Victories In 2023: Why Don't More People Join Them?
Here’s a puzzler: unions representing autoworkers, screenwriters, and baristas scored big victories in 2023, public opinion of unions hit its highest in decades, yet the membership rate slipped to its lowest ever. How come?www.investopedia.com
Here's the funny thing. The uneducated blue collar workers didn't get raises that made up for inflation. The people who rent instead of own a home, didn't get raises that made up for inflation. And you, Elon and Bezos certainly don't want to pay them more, even though your wealth has skyrocketed.
Remember, when Trump says he's going to make America great again, who's he going to do that for? It's already great for Bezos and Elon. Is he going to make it greater for them? Yes he is. Is he going to make it better for you? Labor??? A TAKER? He can't help both you and Elon. Wake up.
Yes we know why most incumbents around the world lost. Inflation
But don't you remember what Ron and Chris said about Trump when they ran against him?
Ron DeSantis and Chris Christie Call Out Trump for Adding to Federal Debt
"He owes it to you to defend his record where they added $7.8 trillion to the debt that set the stage for the inflation that we have."
And what about what Bill Maher said last year?
The country’s current “inflationary spiral” can also be traced back to COVID-19, Maher said, describing the trillions of dollars the government issued throughout the pandemic. This, he noted, should not be pinned on President Joe Biden, but his predecessor, former President Donald Trump.
“We’re going to bring back Trump?” he asked. “The guy who ignored COVID like it was the dinner check? Talk about not learning anything.”
Calypso Jones
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- Jul 11, 2020
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Biden left a strong economy for Trump!!!! FREAKIN; LIE and you know that.
Every indicator said, US economy in trouble.
Now here's something for you to chew on, liar.
www.cbsnews.com
you're in the minority...a bigmouthed, lying, corrupt, ass protecting minority.
Every indicator said, US economy in trouble.
Now here's something for you to chew on, liar.
CBS News poll — Trump has positive approval amid "energetic" opening weeks; seen as doing what he promised
Trump's deportation plans are popular, but Americans say there's not enough focus on lowering prices.
www.cbsnews.com
you're in the minority...a bigmouthed, lying, corrupt, ass protecting minority.
Republicans said in 2020 that a recession was coming. One never came.Biden left a strong economy for Trump!!!! FREAKIN; LIE and you know that.
Every indicator said, US economy in trouble.
Now here's something for you to chew on, liar.
CBS News poll — Trump has positive approval amid "energetic" opening weeks; seen as doing what he promised
Trump's deportation plans are popular, but Americans say there's not enough focus on lowering prices.
you're in the minority...a bigmouthed, lying, corrupt, ass protecting minority.
2021, 22, 23, 24, one never came
Like Obama, month after month of steady job growth.
I/we all were expecting much more pain fixing inflation. We felt relatively none. Some who were buying a home for the first time or people in credit card debt saw interest rate hikes hurt them. We all know who got hurt the most. Renters.
And as soon as Trump won he admitted he has no fix for the people most hurt by inflation.
Most people got raises that made up for inflation.
Biden can't do anything about landlords. How should he help renters? How is Trump helping renters?
The stock market was great. And still is great. The only days is tanks is when Trump says something stupid. But then it bounces back the next day when the fires put out. Consider Trump and Musk buy stocks the day after Trump tanks the market? So should you. Booms and busts. That's Republicans. Obama and Biden were slow and steady growth. In fact Bill Clinton's 8 years was when America was Great. Before Bush 2.
Calypso Jones
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shut the eff up. You're doing nothing but gaslighting Americans WE KNOW BETTER.
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