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BIDEN HOT ECONOMY

extragreen

Platinum Buffalo
Jan 2, 2007
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I know you trumptards love to hear these non-alternative facts...

orange jesus first 3 years: 6,409,000 jobs

JOE BIDEN last 22 months 5,938,000

Summary: Biden can do in 2 years what orange jesus took 3 years to accomplish
 
The economy is not growing at all the good of clip. Jobs and the economy as a whole are two different things. It could expand more if govt would cut spending. But, they won't and interest rates will remain high. You like to talk about the supply chain but it can't expand because of this. Hence, not expaning the economy.
 
The economy is not growing at all the good of clip. Jobs and the economy as a whole are two different things. It could expand more if govt would cut spending. But, they won't and interest rates will remain high. You like to talk about the supply chain but it can't expand because of this. Hence, not expaning the economy.
63-68% of Americans think the economy is doing poorly. I don’t know why the Greedtards of the country want Biden to run on economic success as it’s a losing issue. Their best hope would be race riots again but I don’t know if that would work either.
 
The economy is not growing at all the good of clip. Jobs and the economy as a whole are two different things. It could expand more if govt would cut spending. But, they won't and interest rates will remain high. You like to talk about the supply chain but it can't expand because of this. Hence, not expaning the economy.
You're an idiot. Seriously, you're an idiot. Real GDP is increasing more now than the first 3 years of your orange jesus (when the economy was "hot").

Q1 2017 19,398
Q4 2019 20,951 increase of 1553

Q1 2021 20,990
Q4 2023 22,679 increase of 1689
 
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Go to the grocery store. There is your numbers. Why do you not care about working Americans?
You're in the percentage of being wrong. moron. One week of pay for the median worker now buys more than a week of pay did in 2019, despite higher prices.
 
That’s an awesome strategy to campaign on. Sure 2/3 of people aren’t buying your message but press forward anyway.
There's a difference between opinion and FACT. One day when you grow up, you might understand this.
 
I wouldn't know a fact if it hit me in the face
15 million jobs created...record

27 consecutive months of UE rate below 4%...hadn't been done for the last 50+ years

record stock market

record real GDP

record real personal disposable income

record number of full time employees

record number of all employees

record percentage of Americans with health insurance (as of 2022)
 
15 million jobs created...record

27 consecutive months of UE rate below 4%...hadn't been done for the last 50+ years

record stock market

record real GDP

record real personal disposable income

record number of full time employees

record number of all employees

record percentage of Americans with health insurance (as of 2022)
^^not an economist but is a lying, unemployed, failed businessman ^^
 
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Last Q real GDP growth rate was 1.6% versus a historic average of 3.18%. You are trying to brag about an anemic number. The 1.6% is 52% less than last Q growth and 27% worse than Q1 2023 growth. Things are going in the wrong direction based on the metric you brought up.

 
Last Q real GDP growth rate was 1.6% versus a historic average of 3.18%. You are trying to brag about an anemic number. The 1.6% is 52% less than last Q growth and 27% worse than Q1 2023 growth. Things are going in the wrong direction based on the metric you brought up.

What's really happening is that real GDP grew more in the first 3 years of Biden than it did in the first 3 years of trump (you know, when the economy was "hot").
 
extremely high, overall. CNN even had it on their site the other day as a bad sign of the economy. Growing concern as American are strattled with high debt ratios.
Despite debt increasing overall, Americans are still spending less of their income on debt than in most of the 2000s.
 
Despite debt increasing overall, Americans are still spending less of their income on debt than in most of the 2000s.
Only because most are still riding low interest rate home mortgages that Biden destroyed with his record high inflation. It’s why being aren’t moving/selling.
 
Only because most are still riding low interest rate home mortgages that Biden destroyed with his record high inflation. It’s why being aren’t moving/selling.
So you fault him for one but don't credit him for the opposite? Seems quite a bit intellectually dishonest.

And the high rates are a thing of beauty. I make more each month in interest than I ever have in a W-2 position, post-tax, even while making more than $300k in those roles.
 
So you fault him for one but don't credit him for the opposite? Seems quite a bit intellectually dishonest.

And the high rates are a thing of beauty. I make more each month in interest than I ever have in a W-2 position, post-tax, even while making more than $300k in those roles.

They “are a thing of beauty” if you are fortunate enough to be able to pay cash for everything, including big ticket items like property and vehicles. In fact it’s great because you can dicker down a seller easier because the demand is lower. If you’re risk averse, stick your excess funds in a Money Market Fund somewhere paying 4 or as much as 5%, and you’re all set.

Unfortunately, most of the US population can’t do that.
 
They “are a thing of beauty” if you are fortunate enough to be able to pay cash for everything, including big ticket items like property and vehicles. In fact it’s great because you can dicker down a seller easier because the demand is lower. If you’re risk averse, stick your excess funds in a Money Market Fund somewhere paying 4 or as much as 5%, and you’re all set.

Unfortunately, most of the US population can’t do that.
That's not him he finances his vehicles. He told us that.
 
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Don't forget WW3.

Americans are spending less of their income on debt
From CNN

The ugly​

The biggest flashing red light in the economy right now is the level of debt people are racking up.

One reason consumer spending has held up so well in the face of higher-than-desirable inflation combined with the highest interest rates in over two decades is that consumers aren’t necessarily spending within their means.

The savings many accumulated during the pandemic have all but evaporated, leading to a lot more credit card purchases that aren’t being paid back on time.

That, combined with the gradually cooling labor market — which is reducing workers’ leverage — is causing some households to accumulate more debt and fall into serious delinquency, meaning 90+ days late on a payment.

Recent New York Fed data showed the percentage of credit card balances in serious delinquency climbed to its highest level since 2012.
 
The delinquency rate on credit cards is lower NOW, than any time between Q1 1991 and Q4 2011.
 
The delinquency rate on credit cards is lower NOW, than any time between Q1 1991 and Q4 2011.
Take it up with CNN. But, do you understand debt to income ratio and leverage? At some point people get maxed out. That hurts them and the economy.
 
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