Propaganda about “Biden‘s economy being great”- Truth is Most Americans can’t afford a $1,000 emergency

[LeftofLeft]

So why are you blaming Biden?

I mean, aside from because Moscow ordered you to?

I blame Biden and the Democrats for HyperInflation.

 

[struth]

We often hear how great the economy is rolling along from left-wing BLM type Democrats.

“haven’t you seen how great the stocks are doing.”

“ we’re having record-breaking numbers”

“Record-breaking unemployment”

Truth is Half the country can’t afford a $1000 emergency. Most Americans also don’t own any stocks. And even those who do are not necessarily making money.

Most Americans can’t afford a $1,000 emergency: survey

A $1,000 unexpected emergency expense could derail the lives of more than half of all Americans, according to a new survey.

thehill.com

With what we have going on in this country wrt the denigration of western culture ie American flags being burned at left-wing rallies, American culture and history being insulted the destruction of historical statues of this country. The feminization of men across America, the weakening of American society ….well all of this is coinciding with one of the worst economies for the middle class in our history. Sure things are great for millionaires and billionaires. There was a wealth transfer of trillions of dollars from the middle class to the most wealthy Americans during the so-called “lockdowns.”

The average price of a home has doubled under Joe Biden. The middle class is getting crushed right now. We need change. And if we believe in American history and what we did in the 1940s and 1950s, we can find a way.

Xiden has created a record number of Americans to be worse off

 

[Greenbeard]

I blame Biden and the Democrats for HyperInflation.

3% inflation isn’t hyperinflation. It’s the historical average.

 

[struth]

3% inflation isn’t hyperinflation. It’s the historical average.

The avg inflation rate since xiden has took office is closer to 6 percent

 

[LeftofLeft]

3% inflation isn’t hyperinflation. It’s the historical average.

No but 8.5 percent inflation is hyperinflation. Why and how did it get that high at the peak of Biden Presidency? He is the puppet of Democrat policies that took us there.

 

[Greenbeard]

No but 8.5 percent inflation is hyperinflation.

No, it isn’t.

 

[LeftofLeft]

No, it isn’t.

Compared to an average of 3%?? That’s almost a 200 percent increase. What in your world constitutes hyperinflation??

 

[Thinker101]

No, it isn’t.

Good news, Biden has beat (to a pulp) all those numbers.

Is inflation up 17% since President Joe Biden took office?

 

[BluesLegend]

You Dem dumb asses, spin all you want you jacked up food and housing costs and you will pay the price for touching those third rails.

 

[my2¢]

It's like Mac1958 said, of course $1,000 back then is something like only $800 today.

From January 18, 2018:
Only 39% of Americans say they would be able to pay for a $1,000 unplanned expense, according to new report from Bankrate.

January 25, 2024:
Bankrate found that only 44% of Americans surveyed could afford a $1,000 emergency expense. That number is actually up one percentage point from the previous year, the company said.

 

[Greenbeard]

Compared to an average of 3%?? That’s almost a 200 percent increase. What in your world constitutes hyperinflation??

The standard definition is an annualized ~12,900% rate. Not 3%. Or even 6%.