Bidenomics Workijg Just Fine

[Tiny]

Originally Posted by 1blackman1

No matter what the naysayers claimed for two years, Democrats and Biden have created what’s become a great economy. Inflation falling. Supply chains freer. Wages for the middle class up. Jobs created T one of the fastest paced ever. Unemployment for everyone down. Staved off doomsday as presented on right wing media that the economy was gonna implode. No recession.

By nearly every economic metric people are better off today than they were when Biden took office.

From January, 2021, when Biden took office, to December, 2022, average hourly earnings are up 10.0%

https://fred.stlouisfed.org/series/CES0500000003

The price of goods and services over the same period as measured by the CPI is up 13.2%

https://fred.stlouisfed.org/series/CES0500000003

The workingman has seen 3.2% of his purchasing power evaporate.

This is not all Biden's fault by any means. But his $1.9 trillion American Rescue Plan, which brought inflation to the USA before the rest of the world, played a big part.

[farmstud60]

Originally Posted by 1blackman1

Even the Fox Business folks couldn’t find some bad info in today report. And they tried

link from Drudgereport on CNBC https://www.cnbc.com/2023/02/03/us-c...-billion-.html


Credit card debt increases as well as defaults increasing. This ain't a the sign of a healthy economy

[adav8s28]

Originally Posted by 1blackman1

No matter what the naysayers claimed for two years, Democrats and Biden have created what’s become a great economy. Inflation falling. Supply chains freer. Wages for the middle class up. Jobs created T one of the fastest paced ever. Unemployment for everyone down. Staved off doomsday as presented on right wing media that the economy was gonna implode. No recession.

By nearly every economic metric people are better off today than they were when Biden took office.

The jobs report for Jan 2023 was +500,000 jobs created. The unemployment rate is 3.5%. Biden's critics were wrong. Go Democrats.

[winn dixie]

Originally Posted by texassapper

It's fine if your goal is chaos and destruction. And that's ALWAYS the Communists goal.

Truth

[adav8s28]

Originally Posted by winn dixie

Truth

Inflation and the increase in gas prices were due to the Trumps mismanagement of the pandemic and Putin invading Ukraine.

If Sleepy Joe and Kamala keep the unemployment rate anywhere near 3.5% they will win a second term. It will not matter who the republicans put up.

[Precious_b]

Originally Posted by adav8s28

Inflation and the increase in gas prices were due to the Trumps mismanagement of the pandemic and Putin invading Ukraine.

...

Too bad Obama didn't listen to Joe.
Joe was the first one to advocate standing up to Putin.
No one else did. Just sanctions for Obama. donny let himself be indoctrinated by putin (amongst other dictators.)

At least sleepy got us a foothold in the Philippines.

[Levianon17]

Originally Posted by adav8s28

Inflation and the increase in gas prices were due to the Trumps mismanagement of the pandemic and Putin invading Ukraine.

If Sleepy Joe and Kamala keep the unemployment rate anywhere near 3.5% they will win a second term. It will not matter who the republicans put up.

None of this has anything to do with Trump. Trump is past tense concentrate on the here and now for Christ sake.

[adav8s28]

Originally Posted by Levianon17

None of this has anything to do with Trump. Trump is past tense concentrate on the here and now for Christ sake.

Supply chain problems started with Trump, period. When the supply chain problems get fixed and Putin is out of the Ukraine, inflation will come down. The price of gas has already come down. Trump's no action on the pandemic had a direct affect on the blue column numbers in Texas Zappers chart. The pandemic started in the last year of Trump's term.

[farmstud60]

Originally Posted by adav8s28

Supply chain problems started with Trump, period. When the supply chain problems get fixed and Putin is out of the Ukraine, inflation will come down. The price of gas has already come down. Trump's no action on the pandemic had a direct affect on the blue column numbers in Texas Zappers chart. The pandemic started in the last year of Trump's term.

WRONG totally wrong.


Trumps economic policies were fine, Look at the economy on January 1 of 2020 before all of the covid issues hit the fan.



The supply chain issues were caused by China locking things down as well as Democrats locking things down. Putin attacked Ukraine because of Biden's weak polices on European energy, giving Russia more power.


Most of Democrats are trying to claim credit for was already in motion before Biden took the oath of office.

[1blackman1]

Originally Posted by Tiny

From January, 2021, when Biden took office, to December, 2022, average hourly earnings are up 10.0%

https://fred.stlouisfed.org/series/CES0500000003

The price of goods and services over the same period as measured by the CPI is up 13.2%

https://fred.stlouisfed.org/series/CES0500000003

The workingman has seen 3.2% of his purchasing power evaporate.

This is not all Biden's fault by any means. But his $1.9 trillion American Rescue Plan, which brought inflation to the USA before the rest of the world, played a big part.

Tiny, you know better. The loss of spending power is wholly out of Biden’s control and has nothing to do with his current economic policy. Inflation was not caused by Biden, it was caused by the shit downs during the pandemic (nothing to do with Trump really either) mainly from our largest manufactures (China) along with rampant unemployment (this could be blamed partially on Trump) which caused further supply chain issues and an inability to ship or move goods.

The war in Ukraine was a kick in the gut for oil prices due to additional supply constrains. It gave OPEC more price leverage, which the used, and there was anticipation of greater demand, which didn’t really happen and led to windfall profits for oil and gas companies. So no gas prices are normalizing as well.

And inflation is falling while real wages are up which means we’ll (barring some further unforeseen problems) have positive spending power when the inflationary pressures normalize. As I stated before, Bidenomics and the Democrat policies worked. The republicans will have a hard time attacking those policies as well as making headways with claims they need to save the economy.

[1blackman1]

Originally Posted by farmstud60

WRONG totally wrong.


Trumps economic policies were fine, Look at the economy on January 1 of 2020 before all of the covid issues hit the fan.



The supply chain issues were caused by China locking things down as well as Democrats locking things down. Putin attacked Ukraine because of Biden's weak polices on European energy, giving Russia more power.


Most of Democrats are trying to claim credit for was already in motion before Biden took the oath of office.

It’s clear you’ve no clue what you’re talking about. If anything, the preCovid Trump economy was the Obama/Biden economy. Trump simply didn’t fuck up what they put in place.

[adav8s28]

Originally Posted by farmstud60

WRONG totally wrong.


Trumps economic policies were fine, Look at the economy on January 1 of 2020 before all of the covid issues hit the fan.

Trump was doing the same GDP percentages as Obama. Look at the GDP number for 2019, the same 2.2% as Obama. The data are the data.

When the CoVid issues hit the fan, Trump did nothing to try and slow the spread of infection.

https://www.thebalancemoney.com/us-gdp-by-year-3305543

[Levianon17]

Originally Posted by adav8s28

Supply chain problems started with Trump, period. When the supply chain problems get fixed and Putin is out of the Ukraine, inflation will come down. The price of gas has already come down. Trump's no action on the pandemic had a direct affect on the blue column numbers in Texas Zappers chart. The pandemic started in the last year of Trump's term.

Trump didn't create the supply chain problem on his own. It was sprung due to the Global Pandemic. Trump had no control over Covid you can't put the blame on one guy in one country when all this was a Global issue.

[WTF]

Originally Posted by Tiny

From January, 2021, when Biden took office, to December, 2022, average hourly earnings are up 10.0%

https://fred.stlouisfed.org/series/CES0500000003

The price of goods and services over the same period as measured by the CPI is up 13.2%

https://fred.stlouisfed.org/series/CES0500000003

The workingman has seen 3.2% of his purchasing power evaporate.

This is not all Biden's fault by any means. But his $1.9 trillion American Rescue Plan, which brought inflation to the USA before the rest of the world, played a big part.

The price of goods are coming down and will continue to...I doubt labor cost will.

So you may not be looking long term.

[WTF]

Originally Posted by Levianon17

Trump didn't create the supply chain problem on his own. It was sprung due to the Global Pandemic. Trump had no control over Covid you can't put the blame on one guy in one country when all this was a Global issue.

True...I do not blame this on Trump or Biden.