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

[hadit]

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.

Wait, NOW he's responsible for the economy? It's hard to keep up with the switching back and forth.

 

[sealybobo]

And Democrats like the way I vote when I don’t vote for Trump, that is real stupid logic there. I don’t care what you make or your pretend status, money has never motivated me, I prefer people of substance over fakes.

I believe you don't appreciate the Democrats enough. And if too many poor and middle class people start voting GOP, then the party for the rich doesn't have to serve the middle class. Look at red states. The poor are so fucking poor. No dentists. No healthcare. No internet. Low paying jobs. But god damn they love them some Republicans. So why should Republicans in Mississippi ever change? They've successfully duped those idiots right?

Well same for you. Why should Republicans change? Just convince enough people that both sides suck and that's how they win elections. Meanwhile CEO's all vote Republican and same for religious nuts. Why? Because they know there's a difference.

 

[sealybobo]

You sound jealous.

I'm simply pointing out what's wrong with America. And no I'm not jealous. If I was one of the underpaid workers at his Fortune 500 I'd be jealous. But I'm not. I'm actually making what I should be making. What most middle class people should be making. Unfortunately most of them make about $35,000 less a year than I do and I'm a single cat lady/dude. JD says I should pay more taxes than people with kids.

 

[Ringo]

This is a field for economic growth! It will be possible to fine citizens for not buying houses and cars, for not flying on airplanes, for not buying medicines and food...

Customers who save on electric bills could be forced to pay utility company for lost profits • Louisiana Illuminator

Louisiana utility companies still want to charge customers for the costs of a new energy efficiency program and for the electricity no longer needed due to that program.

lailluminator.com

 

[Papageorgio]

I believe you don't appreciate the Democrats enough. And if too many poor and middle class people start voting GOP, then the party for the rich doesn't have to serve the middle class. Look at red states. The poor are so fucking poor. No dentists. No healthcare. No internet. Low paying jobs. But god damn they love them some Republicans. So why should Republicans in Mississippi ever change? They've successfully duped those idiots right?

Well same for you. Why should Republicans change? Just convince enough people that both sides suck and that's how they win elections. Meanwhile CEO's all vote Republican and same for religious nuts. Why? Because they know there's a difference.

Democrats are the party of the billionaires and that is why their wealth seems to grow so much when Democrats control offices, the Democrats enjoy the big donations of the billionaires, spare me your BS.

 

[westwall]

Democrats are the party of the billionaires and that is why their wealth seems to grow so much when Democrats control offices, the Democrats enjoy the big donations of the billionaires, spare me your BS.

No kidding. When the democrats locked down the country the biggest winners were Jeff bezos, the Walmart family, and Jack ma.

The biggest losers were the tens of thousands of mom and pop stores that were destroyed so that the democrats buddies could enjoy the largest transfer of wealth in the history of the world.

And morons like the Bobo here ignore it.

 

[Captain Caveman]

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.

So how exactly have you personally benefitted? How has all these spiky charts made you better off?

I've found in over 50 years, my situation never really changes other than inflation makes me worse off pocket wise trying to be stuff, so I have to constantly keep twerking my charge out rate to try and keep equilibrium. Unless I held hundreds of thousands quids worth of shares with companies paying out decent dividends, stock markets are of no use. Higher interest rates are good if you have a small mortgage and larger savings account balances.

The only good thing about recessions is that they cleanse the market of those businesses with poor business models, and if no country's economy is increasing after the pandemic, them something is wrong.

So when those gloat over economies and recessions, it's just purely down to trying to score invisible political points and ignorance, imo.