Proving The Experts Wrong, The Biden Economy Is Booming While Reducing Inequality

[skews13]

How good is the Biden Economy? Off the f----- charts good!



Economists expected a recession because the Federal Reserve had hiked interest rates to fight the post-COVID inflation we’d been experiencing. Interest rates went up 5 full percentage points in 15 months. Rising interest rates, because they make borrowing more expensive, often lead to a recession, as companies and consumers cut back on spending. This time, however, the Biden economy appears to have avoided that scenario. Instead, we’re experiencing what Paul Krugman called “a better-than-Goldilocks soft landing.”

Proving the experts wrong, the Biden economy is booming while reducing inequality

President Joe Biden has been having some fun with the economists whose predictions about the economy were so wrong. He jabbed back: “Experts, from the time I got elected, were insisting that a recession was just around the corner. Every month, there...

www.dailykos.com

And while the booming Biden economy rolls right along. TFG, can't string together a complete sentence at a loser rally.

 

[Harry Dresden]

not everyone is doing great .....the wealthier are doing ok....the quality of life aint so great for many out there.....

 

[Muhammed]

January 2023 national avg for a dozen large eggs was $4.82
January 2024 it was $2.52

And in January 2020 it was $0.98

 

[Votto]

How good is the Biden Economy? Off the f----- charts good!



Economists expected a recession because the Federal Reserve had hiked interest rates to fight the post-COVID inflation we’d been experiencing. Interest rates went up 5 full percentage points in 15 months. Rising interest rates, because they make borrowing more expensive, often lead to a recession, as companies and consumers cut back on spending. This time, however, the Biden economy appears to have avoided that scenario. Instead, we’re experiencing what Paul Krugman called “a better-than-Goldilocks soft landing.”

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Proving the experts wrong, the Biden economy is booming while reducing inequality

President Joe Biden has been having some fun with the economists whose predictions about the economy were so wrong. He jabbed back: “Experts, from the time I got elected, were insisting that a recession was just around the corner. Every month, there...

www.dailykos.com

And while the booming Biden economy rolls right along. TFG, can't string together a complete sentence at a loser rally.

That is the great thing about propaganda. No matter how much you tell people they are doing great economically, their bank account says otherwise so it does you no good to lie about it.

 

[justoffal]

How good is the Biden Economy? Off the f----- charts good!



Economists expected a recession because the Federal Reserve had hiked interest rates to fight the post-COVID inflation we’d been experiencing. Interest rates went up 5 full percentage points in 15 months. Rising interest rates, because they make borrowing more expensive, often lead to a recession, as companies and consumers cut back on spending. This time, however, the Biden economy appears to have avoided that scenario. Instead, we’re experiencing what Paul Krugman called “a better-than-Goldilocks soft landing.”

View attachment 918849

View attachment 918850





View attachment 918852

Proving the experts wrong, the Biden economy is booming while reducing inequality

President Joe Biden has been having some fun with the economists whose predictions about the economy were so wrong. He jabbed back: “Experts, from the time I got elected, were insisting that a recession was just around the corner. Every month, there...

www.dailykos.com

And while the booming Biden economy rolls right along. TFG, can't string together a complete sentence at a loser rally.

Eggs had a very brief visit below 3 bucks....but they're back up over 4 now. So the info was actually correct. I was buying them for 99¢ in 2019.

 

[Harpy Eagle]

not everyone is doing great .....the wealthier are doing ok....the quality of life aint so great for many out there.....

as has been the case for as long as our country existed.

 

[Oddball]

Never mind your own lived experiences, and listen to the "experts" 'splain how great everything is!

 

[Harpy Eagle]

Never mind your own lived experiences, and listen to the "experts" 'splain how great everything is!

Sorry your life is sucking so much, I will send some more thoughts and prayers your way

 

[justoffal]

Never mind your own lived experiences, and listen to the "experts" 'splain how great everything is!

It's hilarious.... The only place you hear about good economy is in the media. Go out and talk to people at the grocery stores.
You will hear quite differently.

 

[Harry Dresden]

as has been the case for as long as our country existed.

sure but not as bad as it is now....

 

[Harry Dresden]

Sorry your life is sucking so much, I will send some more thoughts and prayers your way

you sound like a fucking arrogant die hard republican....

 

[Harpy Eagle]

you sound like a fucking arrogant die hard republican....

Thanks, that is who I was tying to mimic. I am glad you got it.

 

[1srelluc]

Sorry your life is sucking so much, I will send some more thoughts and prayers your way

Hey, I don't want to jump the line but T&Ps to you too.

 

[justoffal]

you sound like a fucking arrogant die hard republican....

That's a standard shaming tactic. They all do it when they can't argue the facts. Once you take away the false government info the next step is the try to embarrass you.

Fact is wall street is doing great! So hooray for less than 3% of the population. Meanwhile back in 97% land: Income inequality going down??? Um....nope.

Price of housing becoming more affordable? Um....nope.

Per capita debt on the rise. Um....yep.

Food prices still out of control....ayep!

 

[sealybobo]

not everyone is doing great .....the wealthier are doing ok....the quality of life aint so great for many out there.....

We've been saying that since the Bush years.

Would you be saying this if Trump were president? No you would not. You would be taking the other side, which is...

Go find another job. Go back to school. Start your own company. There are 9 million unfilled jobs what more do you want? WHAT do you want?

Maybe go get a job with a union. Those workers got raises last year. Maybe those people struggling need to organize or join unions?

Any solution we come up with, Republicans say "that will just cause inflation". Meanwhile corporations are artificially raising the price of things. Even thought the pandemic is over they found you suckers will pay any price.

 

[ActionJackson]

How good is the Biden Economy? Off the f----- charts good!



Economists expected a recession because the Federal Reserve had hiked interest rates to fight the post-COVID inflation we’d been experiencing. Interest rates went up 5 full percentage points in 15 months. Rising interest rates, because they make borrowing more expensive, often lead to a recession, as companies and consumers cut back on spending. This time, however, the Biden economy appears to have avoided that scenario. Instead, we’re experiencing what Paul Krugman called “a better-than-Goldilocks soft landing.”

View attachment 918849

View attachment 918850





View attachment 918852

Proving the experts wrong, the Biden economy is booming while reducing inequality

President Joe Biden has been having some fun with the economists whose predictions about the economy were so wrong. He jabbed back: “Experts, from the time I got elected, were insisting that a recession was just around the corner. Every month, there...

www.dailykos.com

And while the booming Biden economy rolls right along. TFG, can't string together a complete sentence at a loser rally.

Meanwhile ... average Americans are struggling to buy homes; pay mortgages/rent; procure food; and fill their gas tanks.

 

[sealybobo]

That's a standard shaming tactic. They all do it when they can't argue the facts. Once you take away the false government info the next step is the try to embarrass you.

Fact is wall street is doing great! So hooray for less than 3% of the population. Meanwhile back in 97% land: Income inequality going down??? Um....nope.

Price of housing becoming more affordable? Um....nope.

Per capita debt on the rise. Um....yep.

Food prices still out of control....ayep!

Libertarians and Republicans would say let the free market decide. It'll just work itself out. Do you believe that or do you admit government intervention into the market place is necessary?

 

[sealybobo]

Meanwhile ... average Americans are struggling to buy homes; pay mortgages/rent; procure food; and fill their gas tanks.

Let me remind you unregulated free market capitalism didn't create the American middle class. Liberal Democratic democracy did.

Democracy - Not "The Free Market" - Will Save America's Middle Class

Here are a couple of headlines for those who haven't had the time to study both economics and history: There is no such thing as a "free market." The "middle class" is the creation of government intervention in the marketplace, and won't exist without it (as millions of Americans and Europeans...

www.thomhartmann.com

 

[ActionJackson]

Let me remind you unregulated free market capitalism didn't create the American middle class. Liberal Democratic democracy did.

Democracy - Not "The Free Market" - Will Save America's Middle Class

Here are a couple of headlines for those who haven't had the time to study both economics and history: There is no such thing as a "free market." The "middle class" is the creation of government intervention in the marketplace, and won't exist without it (as millions of Americans and Europeans...

www.thomhartmann.com

LOL. The Middle Class is the result of workers working for business owners. No Capitalism? No jobs. No jobs? No middle class.

 

[sealybobo]

LOL. The Middle Class is the result of workers working for business owners. No Capitalism? No jobs. No jobs? No middle class.

What I mean by that is if unregulated free market capitalism were in charge, we would wind up with a small ruling class, small merchant class and the masses would be the poor or back in England they called them "the rabble".

That's what Reagan/Bush have produced. This is where we are heading. Look

Household wealth swelled at a record pace during the pandemic. 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.

If Bush or Trump were president they'd be telling you America is great again. It's your job to become one of the rich who are benefiting from our economy. If you are not, it's your fault. But because Biden is President they're pretending this fact is not their doing. And you can't seem to realize how much they've flip flopped on this issue from the days when Bush was in charge. This was true on Bush's watch and I remember they said the economy was great. Because the rich were doing GREAT back then too while we were struggling. But the numbers, like this, suggested the economy was doing great.

Most Americans have short memories.