This week in Biden economics: almost everything is grrat

[flacaltenn]

Lol this is so stupid. How exactly does this compare to real wage growth under prior presidents? How about you find the real wage growth under Trump?

Could be done. Can YOU do that? Or did talkingpointsmemo not spoonfeed that to you?

 

[Billy000]

Great, let me know when you make concessions on oil prices, crime and the border...and pretty quicky here, food prices.

Oh you mean oil prices that are high all over the world?

 

[Billy000]

Could be done. Can YOU do that? Or did talkingpointsmemo not spoonfeed that to you?

Nope I never got my news from Bill O’Reilly. Sorry you weren’t so fortunate.

 

[Billy000]

I love a big laugh when ANY tribal leftist tries to defend this losing choice Administration.. You're very brave and you spin with the best of 'em.

One of the very FEW USMB threads where ANYONE that voted this madness is brave enough to ATTEMPT to defend the indefensible. Good luck party warrior !!!!!

The facts speak for themselves. You know it’s true.

 

[BackAgain]

The facts speak for themselves. You know it’s true.

Facts can sometimes speak for themselves. You never can.

 

[SweetSue92]

This week in Bidenomics: Almost everything is great

Job and wage growth are strong and enduring. That's not good enough, however.

www.yahoo.com

No doubt inflation remains a problem, but republicans pretending that everything else is not doing very well is definitely pretty pitiful.

“Employers added 431,000 new jobs in March, a muscular pace of hiring that shows no sign of abating. Job creation is averaging 562,000 new jobs per month so far this year, and 565,000 new jobs per month since President Biden took office in 2021. At this rate, the economy will exceed pre-pandemic levels of employment by summer. The unemployment rate dropped from 3.8% to 3.6% and is also on track to match or beat the Trump-era low any month now.

Wages are growing 5.6% per year, far above pre-pandemic levels, with the biggest gains coming among the lowest-paid workers. Jobs and wages are booming in industries crushed by the COVID pandemic that exploded two years ago, including restaurants and travel. Employers still report a near-record 11.3 million job openings, which suggests the labor market will stay hot for the foreseeable future”

It's so bad you might as well not waste your time on Republicans. You need to go after Independents but even that might be a lost cause. Try to salvage Hispanics and yes, even Black Americans and other minorities. That's how bad this is for you.

The fact that you apparently think all of these Americans are stupid with their own money and cannot see what is plainly in front of them is only the beginning of your problems. Believe that....

 

[TemplarKormac]

This week in Bidenomics: Almost everything is great

Job and wage growth are strong and enduring. That's not good enough, however.

www.yahoo.com

No doubt inflation remains a problem, but republicans pretending that everything else is not doing very well is definitely pretty pitiful.

“Employers added 431,000 new jobs in March, a muscular pace of hiring that shows no sign of abating. Job creation is averaging 562,000 new jobs per month so far this year, and 565,000 new jobs per month since President Biden took office in 2021. At this rate, the economy will exceed pre-pandemic levels of employment by summer. The unemployment rate dropped from 3.8% to 3.6% and is also on track to match or beat the Trump-era low any month now.

Wages are growing 5.6% per year, far above pre-pandemic levels, with the biggest gains coming among the lowest-paid workers. Jobs and wages are booming in industries crushed by the COVID pandemic that exploded two years ago, including restaurants and travel. Employers still report a near-record 11.3 million job openings, which suggests the labor market will stay hot for the foreseeable future”

Stow it, Tony. Nobody wants the flakes you're selling.

When wage growth outpaces inflation, then gloat. Otherwise shut.

 

[Sandisk]

This week in Bidenomics: Almost everything is great

Job and wage growth are strong and enduring. That's not good enough, however.

www.yahoo.com

No doubt inflation remains a problem, but republicans pretending that everything else is not doing very well is definitely pretty pitiful.

“Employers added 431,000 new jobs in March, a muscular pace of hiring that shows no sign of abating. Job creation is averaging 562,000 new jobs per month so far this year, and 565,000 new jobs per month since President Biden took office in 2021. At this rate, the economy will exceed pre-pandemic levels of employment by summer. The unemployment rate dropped from 3.8% to 3.6% and is also on track to match or beat the Trump-era low any month now.

Wages are growing 5.6% per year, far above pre-pandemic levels, with the biggest gains coming among the lowest-paid workers. Jobs and wages are booming in industries crushed by the COVID pandemic that exploded two years ago, including restaurants and travel. Employers still report a near-record 11.3 million job openings, which suggests the labor market will stay hot for the foreseeable future”

The news is not as good as you seem to think....though it could be a LOT worse.

- it's the lowest number of jobs added since September. Which suggests the recovery is slowing down.
- wages rose 5.6% annually...that will just fuel inflation even more. And give even more weight to the Fed raising interest rates.
- and the 5.6% rise in wages is still lower than the 7.9% inflation rate...thus wages are not keeping pace with inflation.

As for the rests of the economy?
It does look not good.

GDPNow

Provides a

www.atlantafed.org

A sub-2% GDP growth is not good at all.

- all the major equity markets are down for the year. And the DOW is basically flat over the last (almost) 11 months.
- and please remember...ALL of this is BEFORE the Fed has REALLY started to raise rates to fight inflation. When they do...it seems almost certain to slow down the economy even more.

Anyone who thinks an economy with the highest inflation in 40+ years, flat equity markets and GDP around 1.5% is 'great'?
No offense, but they do not know how macroeconomics works very well.

BTW - I despise both parties so I am not biased for or against Biden.

 

[Harry Dresden]

Yeah this sort of childish, disingenuous response is exactly what I was expecting.

billy you would be saying everything is going great even if it wasnt....maybe for you it is....for a hell of a lot of people it may not be.....

 

[Harry Dresden]

jones is another.....he would never say it sucks....unless a republican was president...

 

[Mac1958]

The American economy is pretty much ALWAYS a mixed bag, with myriad internal currents and external forces making careful analysis/projection a terribly complicated process. In fact, it's so complicated, that the only clear picture we get is when we're looking at the past, forensically. And yes, that rule applies to many very intelligent, highly educated, and fully experienced, spectacularly credentialed professionals who do it for living.

So when it gets down to the gutter partisan level, it's nothing more than ignorant mud-flinging and slogan-grunting.

 

[Grumblenuts]

But pigs are supposed to be very intelligent. Maybe they know something about mud that we can't grasp?

 

[badger2]

Well done, President Biden.

The Catholic-CIA puppet POSPOTUS didn't do it, receding COVID did it. IQ-s over 80 will vote for Trump because they are not ahistorical automatons.

 

[petro]

 

[jknowgood]

This week in Bidenomics: Almost everything is great

Job and wage growth are strong and enduring. That's not good enough, however.

www.yahoo.com

No doubt inflation remains a problem, but republicans pretending that everything else is not doing very well is definitely pretty pitiful.

“Employers added 431,000 new jobs in March, a muscular pace of hiring that shows no sign of abating. Job creation is averaging 562,000 new jobs per month so far this year, and 565,000 new jobs per month since President Biden took office in 2021. At this rate, the economy will exceed pre-pandemic levels of employment by summer. The unemployment rate dropped from 3.8% to 3.6% and is also on track to match or beat the Trump-era low any month now.

Wages are growing 5.6% per year, far above pre-pandemic levels, with the biggest gains coming among the lowest-paid workers. Jobs and wages are booming in industries crushed by the COVID pandemic that exploded two years ago, including restaurants and travel. Employers still report a near-record 11.3 million job openings, which suggests the labor market will stay hot for the foreseeable future”

We are finally back to Trump's economy before the pandemic. Now let's see what happens.

 

[Missouri_Mike]

This week in Bidenomics: Almost everything is great

Job and wage growth are strong and enduring. That's not good enough, however.

www.yahoo.com

No doubt inflation remains a problem, but republicans pretending that everything else is not doing very well is definitely pretty pitiful.

“Employers added 431,000 new jobs in March, a muscular pace of hiring that shows no sign of abating. Job creation is averaging 562,000 new jobs per month so far this year, and 565,000 new jobs per month since President Biden took office in 2021. At this rate, the economy will exceed pre-pandemic levels of employment by summer. The unemployment rate dropped from 3.8% to 3.6% and is also on track to match or beat the Trump-era low any month now.

Wages are growing 5.6% per year, far above pre-pandemic levels, with the biggest gains coming among the lowest-paid workers. Jobs and wages are booming in industries crushed by the COVID pandemic that exploded two years ago, including restaurants and travel. Employers still report a near-record 11.3 million job openings, which suggests the labor market will stay hot for the foreseeable future”

First of all none of your conclusions are based in reality.

However, my favorite part of you left wing loons touting the economy is you spent the entire time Trump had it booming claiming it was horrible. You said people were being left behind, it was all fake numbers, everything sucked. But now? The gold standard and goal of the entire democrat party is to claim bidumbs economy is somehow equal or close to what Trump did. You’re all idiots.

 

[imawhosure]

The facts speak for themselves. You know it’s true.

The news is not as good as you seem to think....though it could be a LOT worse.

- it's the lowest number of jobs added since September. Which suggests the recovery is slowing down.
- wages rose 5.6% annually...that will just fuel inflation even more. And give even more weight to the Fed raising interest rates.
- and the 5.6% rise in wages is still lower than the 7.9% inflation rate...thus wages are not keeping pace with inflation.

As for the rests of the economy?
It does look not good.

GDPNow

Provides a

www.atlantafed.org

A sub-2% GDP growth is not good at all.

- all the major equity markets are down for the year. And the DOW is basically flat over the last (almost) 11 months.
- and please remember...ALL of this is BEFORE the Fed has REALLY started to raise rates to fight inflation. When they do...it seems almost certain to slow down the economy even more.

Anyone who thinks an economy with the highest inflation in 40+ years, flat equity markets and GDP around 1.5% is 'great'?
No offense, but they do not know how macroeconomics works very well.

BTW - I despise both parties so I am not biased for or against Biden.

The American economy is pretty much ALWAYS a mixed bag, with myriad internal currents and external forces making careful analysis/projection a terribly complicated process. In fact, it's so complicated, that the only clear picture we get is when we're looking at the past, forensically. And yes, that rule applies to many very intelligent, highly educated, and fully experienced, spectacularly credentialed professionals who do it for living.

So when it gets down to the gutter partisan level, it's nothing more than ignorant mud-flinging and slogan-grunting.

When I 1st seen this thread, I thought it was a joke, guess not.

For those that say everything is roses, or maybe we just don't know, let me point something obvious out to you------>

At the very least, since Jimmy Carter, what has every administration, from both sides of the aisle feared economically, while working with the fed to do everything in their power to prevent? That would be called INFLATION!

People want bipartisanship and consensus from our government? Well there it is! For over 40 years now, BOTH sides when holding the levers of power said, "we can NOT have this, and must do everything we can to prevent it!" As far as I know, there has been no credible economic study done, to alter that opinion that any economist that supports Biden can point to.

And so, Biden supporters can do their best to try and claim that this isn't Bidens fault, and that is ok; but to try and insist we aren't in a severe problem and everything is roses is economic malpractice. If a financial advisor of mine tried to sell me that line of horse sh**, he would be fired ON THE SPOT, end of discussion, and I would turn him/her in to the powers that be, for financial malpractice!

 

[Billy000]

billy you would be saying everything is going great even if it wasnt....maybe for you it is....for a hell of a lot of people it may not be.....

Hey idiot i clearly said that inflation was still a problem. Derp!

 

[Harry Dresden]

Hey idiot i clearly said that inflation was still a problem. Derp!

is inflation the only problem we have dipshit?...

 

[Billy000]

First of all none of your conclusions are based in reality.

However, my favorite part of you left wing loons touting the economy is you spent the entire time Trump had it booming claiming it was horrible. You said people were being left behind, it was all fake numbers, everything sucked. But now? The gold standard and goal of the entire democrat party is to claim bidumbs economy is somehow equal or close to what Trump did. You’re all idiots.

Lol you think they are not based on reality because a democrat is president. That’s it. That’s the only reason. It’s petty childishness.