The Biden Depression

[Brain357]

I do I do. It's what leftists pretend is important when it suits the moment, which excludes for example the GDP grew well over 30% Trump's last two qtrs.. It didn't matter because leftists were more concerned how Trump combs his hair and and "he's RACIST"

30% you say? Haha. Trump never got 3% for a year. His economic policies just added to debt.

 

[Mac1958]

Repubs are economically illiterate…

Yep, and convinced of the opposite.

 

[BluesLegend]

New York has officially entered 5 dollars a gallon. Get ready, folks. It's going to be a mess during the holidays. If we thought lockdowns were bad last year. Wait till the next surge in prices.

Biden can run but he can't hide. ^^^

 

[WTH_Progs?]

30% you say? Haha. Trump never got 3% for a year. His economic policies just added to debt.

You're twisting because the truth hurts.

Real gross domestic product (GDP) increased at an annual rate of 4.0 percent in the fourth quarter of 2020 (note: the period when Xiden was appointed), according to the "advance" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 33.4 percent.

 

[ConserveGuy]

Already going into first year and it's been utter depressing. Who would have thought we would be short on simple Covid tests already?

 

[ConserveGuy]

We are in the first full week of January. The Biden Depression has given us shortages of simple Covid tests(that Biden refused to distribute back in October 2021), a panic inflation, Americans still stranded in Afghanistan this very moment, and a country more divided.

 

[ConserveGuy]

Update on the Biden Depression. US inflation jumps to 7% in December from a year ago, the highest level since 1982.

 

[The Original Tree]

Biden is being a piece of Socialist shit.

His stupid vaccine mandate is causing a massive walk off and layoff of employees in the US. Despicable!

However, the deranged sonofabitch is telling employers to pay more money in wages to get the employees back.

That results is even more inflation.

You can always count on Democrats to fuck up everything they touch. America is turning into a shithole and the stupid Democrats are leading the charge.

China really did a number on the American economy with their bio weapon and then having their man in the White House, didn't they?

There is nothing stupid about what Faux Biden's handlers are doing. It's all planned to achieve their agendas, and have Dummy Joe take the hit for it. He does not even know what office he is holding and thinks Harris is president.

China didn't do anything to us. Fauci, The Obama Administration and Defense Department unleashed COVID on us to impact the 2020 election and then push their agenda forward.

 

[ConserveGuy]

Red Cross declares first-ever national blood crisis

The historic shortage is forcing doctors to make tough decisions on who should get blood and who has to wait until there is more supply.

www.cbsnews.com

Now we're in a blood shortage crisis. Add that to the list.

 

[task0778]

The usual method to determine a depression is a country's GDP calculation, which includes gov't spending as one of the factors. So, if you increase gov't spending, you get an increase in the GDP number. But the problem is that if productivity does not increase correspondingly then you get inflation, i.e., more money chasing the same or less goods and services. So, it looks like the economy is doing well when it really isn't growing nearly as much as GDP indicates.

One might think that the way out of this mess is to enact policies to increase the production of goods and services in the private sector. For reasons that escape me, the democrats believe that more gov't spending on a larger public sector helps achieve that goal. But the reality is that we should be reducing the overhead of taxes and regulation on the private sector to make it more lucrative for investment into new businesses or expansion of existing businesses, but that appears to be contrary to the goals of the democrats. IOW, less gov't spending and a smaller gov't ought to be the way to go. Which is an anathema to the Dems.

Literally, we are not yet in a depression as measured by GDP. But it feels like we are heading in that direction because it doesn't look like there will be any tightening on gov't spending this year. The democrats still want to pass the BBB Bill and spend more money, as much as they can. The last I heard, people are still quitting their jobs which means less production. Is the supply chain problems fixed, or is demand falling and supply is catching up? If demand is falling then that means consumption is also falling and that is a big piece of economic growth. So, are we heading for a recession or depression? Opinions vary.

I suspect the democrats will pass a scaled down version of the BB Bill in the next few months. I don't think that will help the economy relative to inflation, AND the Fed is looking at rising the prime rate to borrow money, maybe 3, 4, or even 5 times this year and that doesn't help economic growth either. I don't see much in the way of positive economic news, and BTW this is an election year so how much will really get done in Congress as the incumbent want to go home and campaign for re-election? Anybody want to offer a ray of hope? I could use it.

 

[ConserveGuy]

Biden job approval in new Quinnipiac poll is 33% among adults - and just 25% with Indies. Among registered voters it is 35%.

 

[ConserveGuy]

Fox news anchor just said "feels like we're going through a depression". I'm guessing he's read this thread and now it's making more sense.

 

[ConserveGuy]

Another chapter into the Biden Depression.

 

[Not a Monkeys Uncle]

He is down to 36% now. He might get down to the 20s. How long before the lot of them are just thrown out by whatever force is necessary, to throw them out.

Biden down to 36%, ‘sinking like the Titanic’ - Washington Examiner

President Joe Biden’s crashing polling numbers appear to have no end as he fumbles with the border crisis, a 13-year high in inflation, and the threat of empty toy shelves on Christmas Eve.In a new Zogby Poll just provided to Secrets, the first-year president has hit another job performance low...

www.washingtonexaminer.com

Amen

 

[Not a Monkeys Uncle]

I do I do. It's what leftists pretend is important when it suits the moment, which excludes for example the GDP grew well over 30% Trump's last two qtrs.. It didn't matter because leftists were more concerned how Trump combs his hair and and "he's RACIST"

Yes!

 

[ConserveGuy]

An update:


The Biden Depression brings us on the brink of a mindless war with Russia. Or perhaps The Sleepy joe bowing down to Putin by letting him takeover Ukraine. What a catastrophic 13 months of him being President has been.

 

[ConserveGuy]

The Biden Depression brings us a Russian invasion in Ukraine.

 

[surada]

Are you happy with doubling the cost of gas at the pumps? How about soaring heating costs? What about barrels of oil going from $40.00 under rumpy to $80.00 dollars a barrel under brain dead Biden? Really??? And this is just the beginning.
How do you feel about bacon @ $13.00 a lb.? And IRS agents salivating over your bank account?

Your orangie rumpy bullshit is costing us all dearly...

Grow up. This is rough going, but you're an American. How do you think we got thru WW2?

 

[OhPleaseJustQuit]

Grow up. This is rough going, but you're an American. How do you think we got thru WW2?

Thanks for bumping a good poster's good thread.

 

[The Irish Ram]

Grow up. This is rough going, but you're an American. How do you think we got thru WW2?

I preferred the easy going we had with Trump, before the turnip took over and handed the baton back to Obama. This is Obama's 3 term, and he hates white America.