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

[Harpy Eagle]

The greatest increase is in people now holding down 2 jobs

The percent of people working multiple jobs is lower now than in 2019

 

[sealybobo]

Folks, I think I warned this clueless moron before that quoting Krugman proves he doesn't know what he's talking about

NY Times’ Paul Krugman says ‘inflation is over’ — if you exclude food, gas and rent​

By
Social Links forAriel Zilber
Published Oct. 13, 2023


More than 7 Million have dropped out of the workforce entirely
BLS was caught cooking the employment figures for many months, going back in and cutting previous months to make the difference look like good news.,
The greatest increase is in people now holding down 2 jobs

Mabye this poster has OCD to go alone with his mental problems (hence the "I better post a 100 things that cumulatively wlll look good") but real students of Economics know it is bullshit

1. Food producers need to lower their prices. They raised them for good reason during the pandemic but never lowered them. Who you mad at?

2. OMG, are you back on the "what's the real unemployment number" again? Like before Trump got into office? Wow. Bringing back the oldies playbook I see.

3. Gas is who's fault? We are a net energy exporter without Trump. We are energy independent without Trump

4. The rich are fucking you with rent. First they bought your foreclosed house on the Bush Great Recession, now they have raised the rent on you.

5. Republicans are fucking with your mind. 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 you’re a 50-something and you’re not worth a cool $1 million, do not despair. Those numbers are averages, and the super-rich drive them waaaay up.

They/you don't want to seriously fix this. You're saying you want some of that wealth to flow your way? You're uneducated? Do what for a living?

This is the result of trickle down economics. If you aren't doing well right now, and you vote Republican, you probably want to consider voting for Biden and every Democrat up and down the ticket.

 

[Markle]

1. Food producers need to lower their prices. They raised them for good reason during the pandemic but never lowered them. Who you mad at?

2. OMG, are you back on the "what's the real unemployment number" again? Like before Trump got into office? Wow. Bringing back the oldies playbook I see.

3. Gas is who's fault? We are a net energy exporter without Trump. We are energy independent without Trump

4. The rich are fucking you with rent. First they bought your foreclosed house on the Bush Great Recession, now they have raised the rent on you.

5. Republicans are fucking with your mind. 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 you’re a 50-something and you’re not worth a cool $1 million, do not despair. Those numbers are averages, and the super-rich drive them waaaay up.

They/you don't want to seriously fix this. You're saying you want some of that wealth to flow your way? You're uneducated? Do what for a living?

This is the result of trickle down economics. If you aren't doing well right now, and you vote Republican, you probably want to consider voting for Biden and every Democrat up and down the ticket.

 

[sealybobo]

Black voters say? That's a carefully crafted lie. I guess if those 4 said it, then it's true. But as for all blacks, we shall see how many of them vote for Trump. I bet the number will be small.

 

[sealybobo]

Folks, I think I warned this clueless moron before that quoting Krugman proves he doesn't know what he's talking about

NY Times’ Paul Krugman says ‘inflation is over’ — if you exclude food, gas and rent​

By
Social Links forAriel Zilber
Published Oct. 13, 2023


More than 7 Million have dropped out of the workforce entirely
BLS was caught cooking the employment figures for many months, going back in and cutting previous months to make the difference look like good news.,
The greatest increase is in people now holding down 2 jobs

Mabye this poster has OCD to go alone with his mental problems (hence the "I better post a 100 things that cumulatively wlll look good") but real students of Economics know it is bullshit

Biden and Democrats and Unions are actually doing things to make corporate America pay workers more money. And corporate America no doubt is fighting back with inflation. The Feds are stepping in to curb inflation. Fixing a fucked up capitalistic system that has been corrupted to favor the rich doesn't happen over night.

U.S. Employers Added Robust 303,000 Jobs In March In Sign Of Economic Strength​

 

[sealybobo]

“We handed out 4 trillion dollars of free money, 280 billion of which was just flat-out stolen in what the AP called ‘the greatest grift in US history’ and which started an inflationary spiral that we now blame on Biden. So we’re gonna bring back Trump?! The guy who ignored COVID like it was the dinner check?!”

The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.

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."​

 

[Markle]

Black voters say? That's a carefully crafted lie. I guess if those 4 said it, then it's true. But as for all blacks, we shall see how many of them vote for Trump. I bet the number will be small.

Yeah, my good friend, keep your head safely stuck in the sand.

 

[Markle]

“We handed out 4 trillion dollars of free money, 280 billion of which was just flat-out stolen in what the AP called ‘the greatest grift in US history’ and which started an inflationary spiral that we now blame on Biden. So we’re gonna bring back Trump?! The guy who ignored COVID like it was the dinner check?!”

The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.

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."​

As you know, here are President Biden's contributions to our inflation and spending.

###

Here is the spending because of COVID-19 by President Trump.

Coronavirus: Trump signs into law largest bailout in US history​

30 March 2020

President Trump has signed the largest-ever US financial stimulus package, worth $2tn (£1.7tn), as the country grapples with the coronavirus pandemic.

The House of Representatives passed the cross-party bill two days after the Senate debated its provisions.

On Wednesday the number of Americans filing for unemployment surged to a record high of 3.3 million people.

Coronavirus: Trump signs into law largest bailout in US history

The $2 trillion boost is the largest ever as virus cases continue to rise, hitting the economy.

www.bbc.com

###

Saying that President Trump ignored the Covid virus is just goofy! Grow up!

 

[Lakhota]

 

[sealybobo]

Yeah, my good friend, keep your head safely stuck in the sand.

Does being a criminal give him street cred?

 

[Markle]

Does being a criminal give him street cred?

No, but being falsely accused of imaginary crimes—crimes others commit with impunity—certainly is an eye-opener.

 

[Billo_Really]

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.

He should rename his campaign as Biden Boo-yah!

 

[sealybobo]

No, but being falsely accused of imaginary crimes—crimes others commit with impunity—certainly is an eye-opener.

Please don’t give me that other people commit those crimes. You said you wanted to drain the swamp. Now you talk about victimless crimes everyone does?

 

[sealybobo]

No, but being falsely accused of imaginary crimes—crimes others commit with impunity—certainly is an eye-opener.

Also not falsely accused. Stop it. It’s a joke to even consider he’s falsely accused of 91 crimes. You’re kidding right?

 

[sealybobo]

I want to see republicans defend or explain away all 91 counts against trump

 

[Woodznutz]

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.

I was selling eggs for $1/dozen in 1975. The only profit I made was selling the chickens as stewing hens when they stopped laying. I also raised roasting chickens and barely broke even.

 

[justoffal]

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

That's a standard left-wing trick. The idea is to try to embarrass you away from the point. When they figure out it doesn't work they'll stop doing it.

 

[skews13]

1. Food producers need to lower their prices. They raised them for good reason during the pandemic but never lowered them. Who you mad at?

2. OMG, are you back on the "what's the real unemployment number" again? Like before Trump got into office? Wow. Bringing back the oldies playbook I see.

3. Gas is who's fault? We are a net energy exporter without Trump. We are energy independent without Trump

4. The rich are fucking you with rent. First they bought your foreclosed house on the Bush Great Recession, now they have raised the rent on you.

5. Republicans are fucking with your mind. 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 you’re a 50-something and you’re not worth a cool $1 million, do not despair. Those numbers are averages, and the super-rich drive them waaaay up.

They/you don't want to seriously fix this. You're saying you want some of that wealth to flow your way? You're uneducated? Do what for a living?

This is the result of trickle down economics. If you aren't doing well right now, and you vote Republican, you probably want to consider voting for Biden and every Democrat up and down the ticket.

Yep, and this backs your argument up nicely.

Economists were predicting a recession even before there was a spike in inflation during 2022. The huge disruption caused by the COVID-19 pandemic, which temporarily sent unemployment soaring to the highest level since the Great Depression, required enormous government intervention to safeguard businesses and prevent individuals from losing everything.

Once again, economists were predicting a cooldown in the American economy during the second quarter of 2024. That didn’t happen. Instead, GDP growth surged, inflation declined, business investments increased, and consumer confidence rose.

America is heading for an economic miracle, thanks to Biden

The Biden-Harris administration is poised to pull off something that hasn’t been managed in this century, something that has happened only other time since 1965. They’re about to stick the ...

www.dailykos.com

 

[justoffal]

Yep, and this backs your argument up nicely.

Economists were predicting a recession even before there was a spike in inflation during 2022. The huge disruption caused by the COVID-19 pandemic, which temporarily sent unemployment soaring to the highest level since the Great Depression, required enormous government intervention to safeguard businesses and prevent individuals from losing everything.

Once again, economists were predicting a cooldown in the American economy during the second quarter of 2024. That didn’t happen. Instead, GDP growth surged, inflation declined, business investments increased, and consumer confidence rose.

America is heading for an economic miracle, thanks to Biden

The Biden-Harris administration is poised to pull off something that hasn’t been managed in this century, something that has happened only other time since 1965. They’re about to stick the ...

www.dailykos.com

Record homelessness
Record working homeless
Record personal debt
Record medical debt
Unaffordable energy bills
Runaway Mortgage rates

The growth of wall street at this point represents the shrinkage of Main Street.

The small percentage of those who derive a gainful living from investment money are indeed doing well at the expense of the rest the population.

Grocery chains will laugh in your face if you tell them they are gouging. Hundreds of locations are closing. The margin is very slim and the prices are high because of the inherent energy bomb that has infected all pricing.

You live in a bubble.

 

[Harpy Eagle]

Record homelessness

Record working homeless

Record personal debt

Record medical debt

Unaffordable energy bills

Runaway Mortgage rates