Economic growth still high as the Biden economic juggernaut steams ahead

[Bugsy McGurk]

Yup. Despite the global inflation and the Fed’s relentless raising of interest rates, economic growth stays steady and strong. Coupled with the continuing good jobs numbers and record low unemployment rate.

As the carpers screech…”Arrrgghhh! The economy is terrible! The sky is falling!”

;-)

https://www.cnn.com/2023/01/26/economy/us-gdp-fourth-quarter/index.html

 

[PNWest]

That hasn't aged well......

Here's how much Americans' 401(k) plans fell last year

A brutal stock market took a toll on Americans retirement assets in 2022, according to new data from Fidelity.

www.cbsnews.com

Key Fed inflation measure rose 0.6% in January, more than expected

The core PCE price index was expected to increase 0.5% from a month ago and 4.4% on an annual basis, according to Dow Jones.

www.cnbc.com

The fact is that Joe Biden is not doing a good job. He has not handled the economy in a competent manner. It is a damn shame that Democratic partisans cannot accept this fact.

We are worse off now economically than we were when Biden took office. Biden is not responsible for ALL of that but he is responsible for a good deal of it.

 

[RickWA]

That hasn't aged well......

Here's how much Americans' 401(k) plans fell last year

A brutal stock market took a toll on Americans retirement assets in 2022, according to new data from Fidelity.

www.cbsnews.com

Key Fed inflation measure rose 0.6% in January, more than expected

The core PCE price index was expected to increase 0.5% from a month ago and 4.4% on an annual basis, according to Dow Jones.

www.cnbc.com

View attachment 74112

The fact is that Joe Biden is not doing a good job. He has not handled the economy in a competent manner. It is a damn shame that Democratic partisans cannot accept this fact.

We are worse off now economically than we were when Biden took office. Biden is not responsible for ALL of that but he is responsible for a good deal of it.

National downfall occurs when idiot citizens care for their political parties rather than their nation.

Expect it. We’re toast. Stupid people ruin everything.

 

[Sickofleft]

National downfall occurs when idiot citizens care for their political parties rather than their nation.

Expect it. We’re toast. Stupid people ruin everything.

Given the current course, we are finished.

 

[RickWA]

Given the current course, we are finished.

Yep. It was a good run…but human beings are too stupid to “dance with the one what brung ya”. So…we wrecked it all.

 

[Dawg]

Yup. Despite the global inflation and the Fed’s relentless raising of interest rates, economic growth stays steady and strong. Coupled with the continuing good jobs numbers and record low unemployment rate.

As the carpers screech…”Arrrgghhh! The economy is terrible! The sky is falling!”

;-)

https://www.cnn.com/2023/01/26/economy/us-gdp-fourth-quarter/index.html

Your pipe is burning your fingers

Biden's debt-ridden economy (msn.com)

 

[Bugsy McGurk]

Yep. It was a good run…but human beings are too stupid to “dance with the one what brung ya”. So…we wrecked it all.

Unemployment at record lows. Economic growth soaring. GOP cultists doing their chicken little routines, squawking about Biden “wrecking it all.”

Just another day in the Orwellian Banana Republic of Trumplandia.

;-)

 

[Dawg]

Unemployment at record lows. Economic growth soaring. GOP cultists doing their chicken little routines, squawking about Biden “wrecking it all.”

Just another day in the Orwellian Banana Republic of Trumplandia.

;-)

Yes, Joey's economy is just peachy keen

Millions who rely on Medicaid may be booted from program (msn.com)

 

[PNWest]

Unemployment at record lows. Economic growth soaring. GOP cultists doing their chicken little routines, squawking about Biden “wrecking it all.”

Just another day in the Orwellian Banana Republic of Trumplandia.

;-)

The S&P 500 is a measly 1.03% over where it was when Biden took office. Long term average growth is somewhere between 10 and 12%. With Joe Biden it has been around 0.5% so far. And that is after two plus years.

Inflation this century as typically been under 3% and sometimes well under that. With Sloe Joe we've suffered 13% inflation over his time in office.

Those are the facts. America is not better off now than it was when Biden took office.

 

[Bugsy McGurk]

The S&P 500 is a measly 1.03% over where it was when Biden took office. Long term average growth is somewhere between 10 and 12%. With Joe Biden it has been around 0.5% so far. And that is after two plus years.

Inflation this century as typically been under 3% and sometimes well under that. With Sloe Joe we've suffered 13% inflation over his time in office.

Those are the facts. America is not better off now than it was when Biden took office.

I’m sure you know that inflation, Fed rates and the markets are all related. I’m sure you’re also aware that the inflation is global and that it’s daft to blame it on Biden. But you’re in a “carping mood” so you ignore the roaring economic growth and record low unemployment. Very weird.

 

[PNWest]

I’m sure you know that inflation, Fed rates and the markets are all related. I’m sure you’re also aware that the inflation is global and that it’s daft to blame it on Biden. But you’re in a “carping mood” so you ignore the roaring economic growth and record low unemployment. Very weird.

Weren't you implying recently that I didn't give Biden when things were going well?

Let me flip this on you.

Did YOU make these kinds of claims that Biden wasn't responsible for global conditions back in late 2021? If so - Link perhaps?

Th efatc is, has been and always will be - when things go well the President gets the credit - when they go bad the President takes the blame. Things are not going well. There is no Biden economic juggernaut. The market is up about 1% after over two years of Bidenomics™ ans Bidenflation™ has sapped away around 13% of American's buying power. That's bad - and Biden takes the hit. Because that's the way it works.

 

[Bugsy McGurk]

Weren't you implying recently that I didn't give Biden when things were going well?

Let me flip this on you.

Did YOU make these kinds of claims that Biden wasn't responsible for global conditions back in late 2021? If so - Link perhaps?

Th efatc is, has been and always will be - when things go well the President gets the credit - when they go bad the President takes the blame. Things are not going well. There is no Biden economic juggernaut. The market is up about 1% after over two years of Bidenomics™ ans Bidenflation™ has sapped away around 13% of American's buying power. That's bad - and Biden takes the hit. Because that's the way it works.

Presidents are never responsible for global economic conditions like global inflation - good or bad.

And you can keep ignoring the positive US economic stats I cited, but they’re still there. Dunno why you choose to simply ignore them. That’s weird.

 

[EatTheRich]

Presidents are never responsible for global economic conditions like global inflation - good or bad.

And you can keep ignoring the positive US economic stats I cited, but they’re still there. Dunno why you choose to simply ignore them. That’s weird.

American debt spending (which every president since Reagan is in large part responsible for and quantitative easing (especially under Obama/Trump) are among the biggest drivers of global inflation. Not to mention the U.S.’s imperialist foreign policy to which producers of oil and other hot commodities like Russia and Venezuela react.

 

[Dawg]

Presidents are never responsible for global economic conditions like global inflation - good or bad.

And you can keep ignoring the positive US economic stats I cited, but they’re still there. Dunno why you choose to simply ignore them. That’s weird.

Yes, everything is coming up roses, for our enemies

Spending shocker: CBO's latest debt projection should stun even Washington (msn.com)

We're BROKE due to WOKE

SUZANNE DOWNING: Biden Is Throwing Americans’ Retirement Savings To The Wolves. It’s Not Too Late To Stop Him (msn.com)

 

[Bugsy McGurk]

American debt spending (which every president since Reagan is in large part responsible for and quantitative easing (especially under Obama/Trump) are among the biggest drivers of global inflation. Not to mention the U.S.’s imperialist foreign policy to which producers of oil and other hot commodities like Russia and Venezuela react.

Actually, global inflation has increased as our deficit spending has decreased.

Looks like you need to go back to the drawing board.

 

[EatTheRich]

Actually, global inflation has increased as our deficit spending has decreased.

Looks like you need to go back to the drawing board.

And it will probably decrease once the effects of that are felt.

 

[Dawg]

Presidents are never responsible for global economic conditions like global inflation - good or bad.

And you can keep ignoring the positive US economic stats I cited, but they’re still there. Dunno why you choose to simply ignore them. That’s weird.

You are in the minority of Joey's "positive US economy"

Joe Biden Is In Serious Trouble for One Reason (msn.com)

Dunno why you lie like Joey!

 

[Dawg]

juggernaut Economy

A US debt crisis will arrive sooner as banking turmoil hits the economy and federal revenue, strategist says (msn.com)

Of course Joey said the Biden got NO Chinese $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

 

[Dawg]

juggernaut

Red alert recession signals (msn.com)