Proud of President Biden's First two years

[LayingPipe]

Originally Posted by adav8s28

I will be voting Democrat. The last republican who was president did a poor job. Wasn't Trump impeached twice? LOL.

1. Trump cut the deal with the Taliban Biden could have ended the deal just like he ended Abraham Accords , asylum in central American countries and sent 500 million to NATO after Trump got them to agree to pay their fair share


One suicide bomber got thru. The Suicide bomber was a prisoner at Bagram Air Base that Trump was going to keep Taliban released him when Biden abandoned the base in the middle of the night. Biden denied Pentagon request for 2500 soldiers to stay to in country


2. The price of gasoline has come down. Total cost of gasoline has tripled You paid for crude going into SPR You paid for refined gasoline made from the same crude You will pay to refill SPR


4. Joe Biden did a 5.7% GDP growth for 2021. The reopening of the Trump economy was in 2021 Biden policies did not kick in until 2022 sending us into recession


5. The price for goods will improve when the supply chain problems caused by the pandemic

Pelosi demanding trillions in cash be sent to people who never lost their job caused more demand than supply Pothole Pete went on maternity leave while the cargo ships backed up


6. Trump's repeal and replace for Obamacare never happened Republicans ended the mandate to have insurance or pay a fine Biden had to send billions to states so they could hand out free health care to criminals and illegals

Fixed it for ya

[adav8s28]

Originally Posted by Texas Contrarian

Yes! Very impressive, indeed! Of course, the naysayers will point out that we were coming back from a pandemic slump and that this was just the expected bounceback. But it "is what it is," so to speak. Right? I mean, the last year any president "did a growth" matching that performance was 1984!

And all during a year when the Treasury only poured about 9% of GDP into the economy in the form of extra fiscal stimulus helicopter-dropped directly into the economy.

I got an A in Biochemistry. No, I did not get an A in English composition. This is the political forum of an escort board. It's not the Harvard Debate club. In case you didn't know. If i had added the word rate after growth it would not have been that bad.

Now to your argument. The excess stimulus had to go in because the various slowdowns or shutdowns by the government because of CoVid. You don't remember when Trump was saying maybe we can open things back up by EASTER. People lost their jobs and couldn't pay their rent. The government had to force landlords to not collect the rent for a period of time. The last stimulus to go in under Trump went in for $600. Trump wanted the stimulus to be $2000. Senator Mitch ("the turtle") McConnell blocked that and would only let $600 go out.
Biden campaigned that if he got elected and the democrats won the two Senate seats in Georgia that the additional $1400 would go out. Only people who made $75,000 or less and filed a tax return the previous year were eligible to get the money. Biden gets the credit because he signed off on it. He did not have to. The extra stimulus spurred the growth because people with incomes at $75,000 or less will spend the money. They are not going put it into a mutual fund or a Roth IRA. Several guys on here got 65 inch 4k high definiton T.Vs.

[adav8s28]

Originally Posted by royamcr

I will be voting Democrat. The last republican who was president did a poor job. Wasn't Trump impeached twice? LOL.Purple tongued devil speak with Kool Aid breath For the record, impeachment is a political process and not a legal process.
Also, impeachment is just a form of indictment of charge.
Only a fool would cite an unsuccessful impeachment as having any weight.
Show me any other president being impeached twice. Muller did not exonerate Trump. Impeachment is set by the Constitution (The ultimate legal document). Or is the constitution only relevant when it suits you?

1. The Afgan withdrawal mess was caused by Trump. Trump cut the deal with the Taliban to get out in April 2020 for a cease fire. Thousands of people were being evacuated daily. One suicide bomber got thru. That is the only thing the talking heads at fox could complain about.One suicide bomber got through the Taliban security around the air port. Why? Because Biden didn't think it was prudent to do our own security. Also, to labor the stupidity, no Taliban attacks under Trump. No terrorism, no suicide bombers, and no blowing up innocent children. No security my ass, why do you think 18 soldiers died? Do you think they were there for the suntan and bottled water? Why would we beef up security when we are pulling all soldiers (a security force) out? We hadn't had a fighting force in the region for years. The biggest tragedy is the bombing of those bomber suspects in the courtyard.

2. The price of gasoline has come down. In North Dallas you can get 93 Octane for $3.74 a gallon at a Quick Trip Gas Station. At the Shell or Chevron it will be 5 to 10 cents higher. Three months ago 93 Octane was up to $5.25 per gallon.You really want to hang your hat on this? Really? The price of gas is already starting to go back up. Gas Prices do fluctuate. They are fluctuating at a much lower level now.

3. I agree with you the immigrants should come over the right way. Building a wall is NOT practical. It would be better to work with the Mexico government to create more jobs over there so their people will not want to leave. It's very easy for immigrants who don't have the paper work to get a job in the hotel industry in Dallas. The owners of the hotels don't care if you are not documented. They will give you a job anyway. They need the resource in order to stay in business.The was was paid for and is still being paid for even as it sets in the desert waiting. Biden is paying (with our money) a penalty for breaking the contract. These were no bid contracts and Trump’s wall costs about five times more per mile than fencing built under the Bush and Obama administrations. A no competitive bid contract means whoever is doing it can write in anything they want pretty much. The funding is also coming from the military counter narcotics enforcement fund of all funds... We are trying to stop narcotics from coming over the border but funding is being cut.



4. Joe Biden did a 5.7% GDP growth for 2021. A number that Trump could only dream about doing. Trump NEVER came close to 4 only sniffed 3% once.An increase of the lockdown was inevitable and expected. Biden still hasn't gotten the same number of people in the job force as Trump did.


5. The price for goods will improve when the supply chain problems caused by the pandemic that was mishandled by Trump are fixed.Shit in one hand and wish in the other while you're waiting

6. Trump's repeal and replace for Obamacare never happened and the republicans had the numbers in upper house and lower house of congress. Trump had no answer to improve health care. With the ACA being implemented 92% of all citizens in the USA have some type of health insurance. That would be Group Health Insurance from the employer. State Medicaid, ACA/Obamacare ( Private plan or expanded medicaid which depends on your income).True, but that had nothing to do with Trump.
it was the Senate who failed to get the votes after McCain defected. Chickenshit coward. McCain knew there was no replacement for the ACA even though Trump was lying about one existing. Trump couldn't believe how hard healthcare is....

@Royamcr, good post. You are spot on about Trump. Trump had no replacement plan for the ACA. You saved me some homework.

[LayingPipe]

Originally Posted by royamcr

People going back to work is not creating jobs



Biden still short 2 million jobs from pre pandemic

[ICU 812]

If everything is so good:


Why is it that economists and analysts are anticipating a genuine recession in the coming months?

Some folks are saying that the economy went growth negatikve for Jan through June of this year and that means we are already in a recession.

Why is it that coffee and butter are approaching the value of precious metals (Ok, that is an exaggeration). . . .and dinner for two at McDonalds is $20 or more?

Why is it that parts of San Francisco, LA, New York and other cities look like the shanty towns of Caracas Venezuela or Lagos Nigeria?

Of everything is so good, why is everything so bad?

[Tiny]

Originally Posted by adav8s28

I got an A in Biochemistry. No, I did not get an A in English composition. This is the political forum of an escort board. It's not the Harvard Debate club. In case you didn't know. If i had added the word rate after growth it would not have been that bad.

Now to your argument. The excess stimulus had to go in because the various slowdowns or shutdowns by the government because of CoVid. You don't remember when Trump was saying maybe we can open things back up by EASTER. People lost their jobs and couldn't pay their rent. The government had to force landlords to not collect the rent for a period of time. The last stimulus to go in under Trump went in for $600. Trump wanted the stimulus to be $2000. Senator Mitch ("the turtle") McConnell blocked that and would only let $600 go out. [Tiny's note: Pelosi and House Democrats, as well as Senate Democrats, also were championing $2,000 checks.]
Biden campaigned that if he got elected and the democrats won the two Senate seats in Georgia that the additional $1400 would go out. Only people who made $75,000 or less and filed a tax return the previous year were eligible to get the money. Biden gets the credit because he signed off on it. He did not have to. The extra stimulus spurred the growth because people with incomes at $75,000 or less will spend the money. They are not going put it into a mutual fund or a Roth IRA. Several guys on here got 65 inch 4k high definiton T.Vs.

Absolutely. Biden and the Democrats get more credit for 8%+ inflation than anyone. Not a single Republican voted for the $1.9 trillion American Rescue Plan.

And yes, I agree, by December of 2020, Senate Republicans realized the stimulus was in danger of becoming overdone, and they were the only bulwark standing between the Democrats and Trump and continued fiscal profligacy. Larry Summers and other economists aligned with the Democratic Party were shouting the alarm too.
But it was all for naught.

The $1400 per person checks went to couples making less than $150,000. Dependents received checks too. So a family of four would have received $5600.

That's fantastic that several guys on here got 65 inch 4k high definition T.Vs. I just love that free Biden money!!!

[Tiny]

Originally Posted by ICU 812

If everything is so good:....

Then why is the price of goods and services up 8% while wages are only up 5% over the last year? The workingman is slipping behind. It's a far sight from 2019, before COVID, isn't it, when real median household income was up 6.8%.

[Tiny]

Originally Posted by LayingPipe

People going back to work is not creating jobs



Biden still short 2 million jobs from pre pandemic

As Lusty Lad put it, they're sitting on their asses at home, enjoying that free Biden money!

[1blackman1]

Tiny. Look at your own chart. This is where some common sense seems to fall out of favor. Pre Trump the chart of workers was trajectory upward. Trump came into office near the 160 mark and reached 164.5 as the pandemic hit. Prior to Trump the last 2 Obama years went from 157.5 to 160. See that’s an upward trajectory.

Pandemic hits and and participation falls all the way back to pre Trump and in fact last 2 Obama years at 156.5. Biden comes in at a similar participation at Trump’s start and is currently where Trumps participation were at the same point in his presidency without the advantages of inheriting a very stable economy.

The chart says it all. You just don’t want to accept that the growth in the market isn’t a switch that turns soft and on. And Biden hasn’t been president for a full 2 years (around 19 months). Yet with winds working against him, the job participation is no different that what Trump had at similar times but Trump didn’t hand Biden a stable and working economy which is exactly what Trump inherited.

[Tiny]

Originally Posted by 1blackman1

Tiny. Look at your own chart. This is where some common sense seems to fall out of favor. Pre Trump the chart of workers was trajectory upward. Trump came into office near the 160 mark and reached 164.5 as the pandemic hit. Prior to Trump the last 2 Obama years went from 157.5 to 160. See that’s an upward trajectory.

Pandemic hits and and participation falls all the way back to pre Trump and in fact last 2 Obama years at 156.5. Biden comes in at a similar participation at Trump’s start and is currently where Trumps participation were at the same point in his presidency without the advantages of inheriting a very stable economy.

The chart says it all. You just don’t want to accept that the growth in the market isn’t a switch that turns soft and on. And Biden hasn’t been president for a full 2 years (around 19 months). Yet with winds working against him, the job participation is no different that what Trump had at similar times but Trump didn’t hand Biden a stable and working economy which is exactly what Trump inherited.

Blackman, That's LayingPipe's graph, not mine. The trend from 2015 to the start of COVID was caused by (a) growth in the number of working aged Americans and (b) an increase in the labor force participation rate.

The labor force participation rate actually fell during most of the George W. Bush and Barrack Obama administrations:

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

At the current level, 62.1%, the labor force participation rate is the lower than at any time, before COVID, since 1977.

Yes, you can argue that we're still rebounding from COVID. But look at this graph,

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

Right now there are 11.2 million nonfarm job openings. Prior to COVID, the highest number of job openings in history was 7.56 million in November, 2018. To get back to that level, 3.6 million people would have to be drawn back into the labor force. This would put the number of employed people above the trend line in LayingPipe's graph.

Why hasn't it happened? I somewhat flippantly blamed it on President Biden's free money. And I believe that's part of the reason. But there are others. Texas Contrarian and Lusty Lad follow the labor market and I don't, they could give you some other reasons. One supposedly is COVID. People have quit working because they're afraid of the disease, or because they're afraid of getting vaccinated (and it's required for their jobs), or because they're suffering debilitating after effects, from long COVID.

[HedonistForever]

Originally Posted by Tiny

You insulted my hero Mitch. You're dead to me.



Valid criticism. Republicans had two years to do something. Obamacare doubled down on a failed U.S. health care system, which accounts for 18% of GDP! And the Republicans didn't do something to fix it when they had the chance. Unfortunately neither party will ever fix the health care system.

I can't quite put my finger on it but for some reason, I really like what you've don't here.

[Texas Contrarian]

Originally Posted by Texas Contrarian

Yes! Very impressive, indeed! Of course, the naysayers will point out that we were coming back from a pandemic slump and that this was just the expected bounceback. But it "is what it is," so to speak. Right? I mean, the last year any president "did a growth" (your phrase) matching that performance was 1984!

And all during a year when the Treasury only poured about 9% of GDP into the economy in the form of extra fiscal stimulus helicopter-dropped directly into the economy.

Small price to pay for growth exceeding a decade-long trendline by about 3.5% of GDP, don't you think? Surely Joey's Keynesian fanboys will note this impressive fiscal multiplier and point to the efficacy of his economic plans.

I can hardly wait to see what kind of impressive follow-through we get in 2023, and what our Y/Y GDP growth numbers will look like late next year.

With any kind of luck, it may look like we rounded up a 1970s-vintage Trabant for a trip down a wide-open autobahn!

Somehow I assumed that my post was straightforward and clear enough that it could even be understood by the guy who argued (in a condescending, hectoring manner) that the GM "bailout" in the aftermath of the financial crisis was necessary and that Obama didn't squander about $25 billion on political payoffs to the unions (while telling the bondholders to fuck off). It wasn't. A standard "prepack" bankruptcy should have been undertaken.

However ...

Originally Posted by adav8s28

Now to your argument. The excess stimulus had to go in because the various slowdowns or shutdowns by the government because of CoVid. You don't remember when Trump was saying maybe we can open things back up by EASTER. People lost their jobs and couldn't pay their rent. The government had to force landlords to not collect the rent for a period of time. The last stimulus to go in under Trump went in for $600. Trump wanted the stimulus to be $2000. Senator Mitch ("the turtle") McConnell blocked that and would only let $600 go out.

Oops! I guess not!

Would you like to explain why the March 2021 "American Rescue Plan," which squandered about $1.9 trillion more borrowed and printed money, even though the 2020 rescue and stimulus spending was already more than enough to fill the output gap with plenty of room left over, had to "go in?"

What do you progressives think is the primary cause of the high inflation we've seen over the last 12+ months?

[adav8s28]

Originally Posted by Tiny

Absolutely. Biden and the Democrats get more credit for 8%+ inflation than anyone. Not a single Republican voted for the $1.9 trillion American Rescue Plan.


And yes, I agree, by December of 2020, Senate Republicans realized the stimulus was in danger of becoming overdone, and they were the only bulwark standing between the Democrats and Trump and continued fiscal profligacy. Larry Summers and other economists aligned with the Democratic Party were shouting the alarm too.
But it was all for naught.

The $1400 per person checks went to couples making less than $150,000. Dependents received checks too. So a family of four would have received $5600.

That's fantastic that several guys on here got 65 inch 4k high definition T.Vs. I just love that free Biden money!!!

1. Did the $600 stimulus that went out under Trump/Senator McConnell contribute to the inflation or just the $1400 that Biden and Kamala sent out (remember Kamala broke the tie)?

2. Trump did call for the his last Stimulus to be $2000 not 600. Since when has Trump ever taken advice on policy from the Democrats?

3. The last two stimulus direct payments totaled $2000. It was not all Biden money.

4. It was great for the guys who made the purchase of their 65 inch 4K T.V. and great for companies like Best Buy, Walmart, Amazon.com that retail the TV's. It was also good for the companies that make them Sony, Samsung and LG and others.

5. Why are republicans ok with when the government give a subsidy to a business but not ok when the government gives a subsidy to tax paying citizens. You only get the stimulus if your income was less than or equal to $75,000 and you filed a tax return with the IRS the prior year. Regarding the last two stimulus that went out for a total of $2000, good job Trump and Biden.

Note to Tiny: you are still tied for first place as the best amateur Virologist on this site.

[Tiny]

Hi adav8s28, replies below in red

Originally Posted by adav8s28

1. Did the $600 stimulus that went out under Trump/Senator McConnell contribute to the inflation or just the $1400 that Biden and Kamala sent out (remember Kamala broke the tie)?

Trump, Pelosi, Schumer and other Democratic Congressmen and Senators all wanted $2,000. Many Republicans wanted "0". The $600 was a compromise with Senate Republicans. By the time March, 2021 rolled around, it was obvious to Democrat Larry Summers and other economists that the additional stimulus was a very bad idea.

2. Trump did call for the his last Stimulus to be $2000 not 600. Since when has Trump ever taken advice on policy from the Democrats?

Trump joined the Democratic Party in 2001. He said at one time he had no problem with partial birth abortion. He favored a Bernie Sanders/Elizabeth Warren style wealth tax. When he was president, he wanted to raise tax rates on high earners. Gary Cohn, a Democrat and Trump's chief economic advisor in 2017 told him something like, "Mr. President, you can't do that. You're a Republican."

3. The last two stimulus direct payments totaled $2000. It was not all Biden money.

True. It was Trump, Biden and Democratic Congressmen money.

4. It was great for the guys who made the purchase of their 65 inch 4K T.V. and great for companies like Best Buy, Walmart, Amazon.com that retail the TV's. It was also good for the companies that make them Sony, Samsung and LG and others.

Nice to know we're helping out Japanese, Korean and Chinese manufacturing companies. And using government money to encourage people to spend more time in front of the boob tube.

5. Why are republicans ok with when the government give a subsidy to a business but not ok when the government gives a subsidy to tax paying citizens. You only get the stimulus if your income was less than or equal to $75,000 and you filed a tax return with the IRS the prior year. Regarding the last two stimulus that went out for a total of $2000, good job Trump and Biden.

The good Republicans don't favor corporate welfare and subsidies. But yeah, you've got a point. I'd also add that most Democrats also love to pass out the pork to business and corporate interests, when it's to their advantage. I believe you and your wife and kids each got the $2,000 provided you and your wife made less than $150,000. Or as you say less than $75,000 if you're a single filer.

Note to Tiny: you are still tied for first place as the best amateur Virologist on this site.

Wrong again Adav8s28! You and Reddog are both ahead of me. As is Ducbutter if we're talking about the genetic makeup of the virus.

[adav8s28]

Originally Posted by Tiny

Hi adav8s28, replies below in red

Tiny, a couple of replies in blue.

1. Did the $600 stimulus that went out under Trump/Senator McConnell contribute to the inflation or just the $1400 that Biden and Kamala sent out (remember Kamala broke the tie)?

Trump, Pelosi, Schumer and other Democratic Congressmen and Senators all wanted $2,000. Many Republicans wanted "0". The $600 was a compromise with Senate Republicans. By the time March, 2021 rolled around, it was obvious to Democrat Larry Summers and other economists that the additional stimulus was a very bad idea.

Did the compromise $600 stimulus lead to inflation or just the $1400 that Biden and Kamala sent out?

2. Trump did call for the his last Stimulus to be $2000 not 600. Since when has Trump ever taken advice on policy from the Democrats?

Trump joined the Democratic Party in 2001. He said at one time he had no problem with partial birth abortion. He favored a Bernie Sanders/Elizabeth Warren style wealth tax. When he was president, he wanted to raise tax rates on high earners. Gary Cohn, a Democrat and Trump's chief economic advisor in 2017 told him something like, "Mr. President, you can't do that. You're a Republican."

Trump has not taken advice on policy from democrats after he joined the Republican party.

3. The last two stimulus direct payments totaled $2000. It was not all Biden money.

True. It was Trump, Biden and Democratic Congressmen money.

4. It was great for the guys who made the purchase of their 65 inch 4K T.V. and great for companies like Best Buy, Walmart, Amazon.com that retail the TV's. It was also good for the companies that make them Sony, Samsung and LG and others.

Nice to know we're helping out Japanese, Korean and Chinese manufacturing companies. And using government money to encourage people to spend more time in front of the boob tube.

Bestbuy, Walmart and Amazon.com are American companies. They benefit when someone purchases a 65 inch 4K high definition TV from them. People who watch TV a lot will watch regardless if they have a 4k television.

5. Why are republicans ok with when the government give a subsidy to a business but not ok when the government gives a subsidy to tax paying citizens. You only get the stimulus if your income was less than or equal to $75,000 and you filed a tax return with the IRS the prior year. Regarding the last two stimulus that went out for a total of $2000, good job Trump and Biden.

The good Republicans don't favor corporate welfare and subsidies. But yeah, you've got a point. I'd also add that most Democrats also love to pass out the pork to business and corporate interests, when it's to their advantage. I believe you and your wife and kids each got the $2,000 provided you and your wife made less than $150,000. Or as you say less than $75,000 if you're a single filer.

Note to Tiny: you are still tied for first place as the best amateur Virologist on this site.

Wrong again Adav8s28! You and Reddog are both ahead of me. As is Ducbutter if we're talking about the genetic makeup of the virus.