The Economy has not Been this Good Since Slick Willy was in the White House

[Weatherman2020]

Hilarious!
Shitforbrains Golfing Gator breath thinks the DOW Jones is fake news!

Anything to spin for his hero Brandon!

 

[Mushroom]

Trump borrowed $trillions before and after covid

Excuse me, what?

COVID is considered by the CDC to have ended in May 2023. How in the hell exactly did President Trump spend trillions after COVID?

 

[jc456]

-Trump borrowed $trillions before and after covid,

he did? prove it.

 

[Toddsterpatriot]

he did? prove it.

Covid is over, leftists say that we have an awesome economy, but Biden added more than $2 trillion to the debt last year. Why is he on course to add more debt than Trump?

 

[jc456]

Covid is over, leftists say that we have an awesome economy, but Biden added more than $2 trillion to the debt last year. Why is he on course to add more debt than Trump?

because a demofk can't do anything wrong.

 

[Dagosa]

Fact.
View attachment 882836

So under Biden it’s at a record high.

 

[Cellblock2429]

That will all change and is only because republicans have lied and deceived people about how good the economy is.

Republicans are jealous that Biden has a better economy than Trump and they are desperate to try and discredit Biden's booming economy, booming GDP growth, and booming jobs market.

Just wait for the rate cuts, the economy will really explode then.

/——-/ Dementia Joe has nothing to do with the Fed rate.

 

[Dagosa]

/——-/ Dementia Joe has nothing to do with the Fed rate.

Wait, why not ? It’s an appointed position as chair of the FED. It’s the number one force in determining interest rates.

 

[Harpy Eagle]

/——-/ Dementia Joe has nothing to do with the Fed rate.

I feel very certain I could find a post from you blaming the high interest rates on Biden.

 

[Dagosa]

I feel very certain I could find a post from you blaming the high interest rates on Biden.

In reality, interest rates have historically been much higher than the contrived near zero rates the fed has used to stimulate the economy since the Bush recession. Really, they should be higher. Higher interest rates stimulates savings which eases the debt, which isn’t a bad thing in a healthy economy.

Federal Funds Rate History 1990 to 2023

Mark Twain wrote that history doesn't repeat itself, but it often rhymes. This could also be said of Federal Reserve interest rate policy, although it's a lot less entertaining than "The Million Pound Bank Note." For anyone who follows financial markets, it's essential to have a good grasp on the

www.forbes.com

 

[Cellblock2429]

I feel very certain I could find a post from you blaming the high interest rates on Biden.

/----/ Go ahead, make my day. I blame the FED on the higher rates. They make the decisions.

 

[Cellblock2429]

Joe Biden has a significantly better economy than Trump or Bush because the results prove this.
When is a republican going to have an economy this good???

The results are undeniable now.
-Inflation has plummeted and is at the FED target. it has consistently came in at 0.1-0.3% MoM for the past many months.
-GDP is mega booming coming in at 4.9% last quarter and on pace for 3+% this year, better than anything Trump could ever do.
-Interest rates are set to be lowered because inflation has plumetted. Trump's economy was addicted to 0% rates and crashed in 2018 when they tried to raise them to a little 2%.
-Trump borrowed $trillions before and after covid, exploding the deficit before covid, and handing out $trillions to everybody all throughout his presidency. Trump had world record deficits, with world record FED balance sheet expansion, and world record fake money handouts to everybody causing the inflation we had in 2022. Biden has fixed ALL of that.
-Unemployment is at record lows and the jobs market is extremely good and strong. Jobs for all because of Biden's booming economy.
-Corporate earnings have been very good and very strong.

Bill Clinton was a great president with an incredible economy. Joe "Bill Clinton 2.0" Biden has a great economy that could be set to BOOM even more when the FED cuts rates early next year.
This could be the beginning of another Bill Clinton Golden Age, and there are a lot of similarities to 1995.

The U.S. economy is doing even better than the government thought

U.S. consumers spent enough to help drive the economy to a brisk 5.2% annual pace from July through September, the government reported.

www.cbsnews.com

/----/ Guess again, loser.

https://archive.is/vmfXj

By Jean Eaglesham

Jan. 8, 2024 12:01 am ET
After
Allstate
suffered billions of dollars in losses and failed to get the rate increases it wanted, it resorted to the nuclear option.
The insurance giant threatened last fall to stop renewing auto insurance for customers in three states that hadn’t given in to its demands, which would have left those policyholders scrambling for coverage. The states blinked.
In December, New Jersey approved auto rate increases for Allstate averaging 17%, and New York, a 15% hike. Regulators in California are allowing Allstate to boost auto rates by 30%, but still haven’t decided on its request for a 40% increase in home-insurance rates after the insurer refused to write new policies.
For many Americans, getting insurance for both their cars and homes has gone from a routine, generally manageable expense to a do-or-die ordeal that can strain household budgets.
Insurers are coming off some of their worst years in history. Catastrophic damage from storms and wildfires is one big reason. The past decade of global natural catastrophes has been the costliest ever. Warmer temperatures have made storms worse and contributed to droughts that have elevated wildfire risk. Too many new homes were built in areas at risk of fire.
As losses mounted, inflation only made matters worse, boosting the cost of repairing or replacing cars or homes.