Bidenomics

8,695 Views | 151 Replies | Last: 9 mo ago by TTUArmy
Birdwatcher
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12:32p, 1/30/24
AG
The economy has been great when everything is put into perspective with what is going on in the world post covid. The economy is not something Biden should run away from. Poor polling is a result of not communicating the message effectively enough. Going to be alot of sad maga people come November!

Consumer confidence climbs to two year high

Quote:
U.S. consumer confidence index rises to 114.8 in January from 108.0

The numbers: Consumer confidence jumped in January to a two-year high of 114.8, a survey showed, reflecting slower inflation, a record stock market and improved growth in the economy.
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JobSecurity
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12:35p, 1/30/24
AG
Yes, please, have Biden embrace the economy as a main selling point for reelection
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TexAgs91
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12:35p, 1/30/24
AG
Bidenomics is a term used to describe recessions and inflation. Good to see that he owns it and has given his name to it.
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Logos Stick
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12:37p, 1/30/24
Prices are almost 20% higher now than when Biden took office.

That poll is made up by the Biden regime.
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Birdwatcher
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12:37p, 1/30/24
AG
I respectfully disagree and think some celebration is warranted. Avoiding a recession and the economy having a soft landing now, is an outcome from the work battling COVID. The Biden administration managed to best nearly every model and prediction about how the economy would perform.

The Chinese economy slowing, Red Sea tensions, and Ukraine could all contribute to a recession, but it would be a whole new one.

These successes won't matter if he can't do something meaningful with the border immediately. I am aware he's being blocked by the ultra maga right, and that is the only issue they have going for them, but he has to do something. The economy and women's rights won't win this election.
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BigRobSA
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In reply to Logos Stick • 12:38p, 1/30/24
Logos Stick said:
Prices are almost 20% higher now than when Biden took office.

That poll is made up by the Biden regime.


Bull***** 20% ? Try 200% on some things.
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Aggies1322
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In reply to Birdwatcher • 12:38p, 1/30/24
AG
Birdwatcher said:
I respectfully disagree and think some celebration is warranted. Avoiding a recession and the economy having a soft landing now, is an outcome from the work battling COVID. The Biden administration managed to best nearly every model and prediction about how the economy would perform.

The Chinese economy slowing, Red Sea tensions, and Ukraine could all contribute to a recession, but it would be a whole new one.

I'm glad to hear we've avoided a recession.. much like we did in 2007. Until we didn't.
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Ellis Wyatt
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In reply to Birdwatcher • 12:38p, 1/30/24
I know I cannot wait for more pillaging of my savings and making life much more expensive for me while simultaneously hurting my business so that my income cannot possibly keep up with the rate of inflation.
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Ellis Wyatt
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12:39p, 1/30/24
And really, there should be a rule against propaganda here. Some of these posts are so stupid that even Joe Biden couldn't mumble them without sharting himself.
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BigRobSA
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In reply to Birdwatcher • 12:39p, 1/30/24
Birdwatcher said:
I respectfully disagree and think some celebration is warranted. Avoiding a recession and the economy having a soft landing now, is an outcome from the work battling COVID. The Biden administration managed to best nearly every model and prediction about how the economy would perform.

The Chinese economy slowing, Red Sea tensions, and Ukraine could all contribute to a recession, but it would be a whole new one.


We were in a recession. Gaslight somewhere else. This isn't a group of stupid people that would believe dumbassery.
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CDUB98
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12:40p, 1/30/24
AG
Quote:
Poor polling is a result of not communicating the message effectively enough.
Yes, people expressing their real life experiences definitely is just not getting the message out.
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one safe place
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In reply to Birdwatcher • 12:41p, 1/30/24
Birdwatcher said:
The economy has been great when everything is put into perspective with what is going on in the world post covid. The economy is not something Biden should run away from. Poor polling is a result of not communicating the message effectively enough. Going to be alot of sad maga people come November!

Consumer confidence climbs to two year high

Quote:
U.S. consumer confidence index rises to 114.8 in January from 108.0

The numbers: Consumer confidence jumped in January to a two-year high of 114.8, a survey showed, reflecting slower inflation, a record stock market and improved growth in the economy.
Everyone knows how the economy in their world is every time they buy groceries or fill up their vehicle relative to pre-biden. As far as November, biden will likely either have died or institutionalized before then.
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Logos Stick
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In reply to Birdwatcher • 12:41p, 1/30/24
Birdwatcher said:
I respectfully disagree and think some celebration is warranted. Avoiding a recession and the economy having a soft landing now, is an outcome from the work battling COVID. The Biden administration managed to best nearly every model and prediction about how the economy would perform.

The Chinese economy slowing, Red Sea tensions, and Ukraine could all contribute to a recession, but it would be a whole new one.

These successes won't matter if he can't do something meaningful with the border immediately. I am aware he's being blocked by the ultra maga right, and that is the only issue they have going for them, but he has to do something. The economy and women's rights won't win this election.


Biden is running $2 trillion yearly deficits. That's the only reason GDP is above 1%.
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barbacoa taco
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In reply to Logos Stick • 12:41p, 1/30/24
AG
Logos Stick said:
Prices are almost 20% higher now than when Biden took office.

That poll is made up by the Biden regime.
the entire world experienced significant inflation as a result of shortages that arose during covid. The USA has had a decent recovery and inflation has slowed substantially compared to other western countries, though still not at pre-pandemic levels. A recession still has not been triggered despite what some talking heads say.

yet people still blame Biden completely for the fact that inflation happened. super dishonest, though I understand the president gets the blame for everything bad.
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Deputy Travis Junior
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In reply to Birdwatcher • 12:41p, 1/30/24
Birdwatcher said:
The economy has been great when everything is put into perspective with what is going on in the world post covid. The economy is not something Biden should run away from. Poor polling is a result of not communicating the message effectively enough. Going to be alot of sad maga people come November!

Consumer confidence climbs to two year high

Quote:
U.S. consumer confidence index rises to 114.8 in January from 108.0

The numbers: Consumer confidence jumped in January to a two-year high of 114.8, a survey showed, reflecting slower inflation, a record stock market and improved growth in the economy.


Hey bud. Early in his term, Biden claimed we needed a $5-6T spending package to spur growth (this was Bidenomics). Every republican in congress + a few people from his own party told him he was stupid for pushing extra deficit spending during a period of high inflation, his spending package failed, and the economy began to recover (albeit with a drastically trimmed-down spending package 10-15% as large).

When you say "we need X," people disagree and refuse to pass X, and then the economy recovers without X, that means you're an idiotic failure who didn't know what he was talking about when pushing X. It does not mean that you're an economic savant who's just got a messaging problem.
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Jeeper79
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12:42p, 1/30/24
AG
Both sides are right. By the numbers, the economy is doing well and unemployment is low.

But on the other hand, that doesn't erase the past several years that a lot of Americans haven't recovered from. And without a proportional increase in pay, Americans will continue to struggle from prior years of inflation. Dollars don't go as far as they used pre Covid and actual buying power of retirement savings still hasn't caught back up yet despite gains in the stock market.

To be clear, I blame the past several years on market conditions due to Covid , Trump and Biden. With as much economic damage as Covid caused, there was no way we were fully recovering within 1.5 presidential terms, no matter who's in charge.

And I think the recovery plan has gone as well as anyone can do. But we've just still got a ways to go.
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zoneag
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In reply to Birdwatcher • 12:43p, 1/30/24
"Not communicating the message effectively". LMAO. News flash, when you have 99% of media, Hollywood, pro sports, academia, and big tech in your pocket, this is an utterly ridiculous statement.

The more likely explanation is that regular people observe things like inflation, housing issues, attacks on energy and believe that over the concocted reality put out by the above partisan institutions. Driving GDP and the stock market higher with runaway money printing and inflation doesn't make the average persons life any better.
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BigRobSA
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In reply to barbacoa taco • 12:43p, 1/30/24
barbacoa taco said:
Logos Stick said:
Prices are almost 20% higher now than when Biden took office.

That poll is made up by the Biden regime.
the entire world experienced significant inflation as a result of shortages that arose during covid. The USA has had a decent recovery and inflation has slowed substantially compared to other western countries, though still not at pre-pandemic levels. A recession still has not been triggered despite what some talking heads say.

yet people still blame Biden completely for the fact that inflation happened. super dishonest, though I understand the president gets the blame for everything bad.


I blame Trump and Biden. And we had a recession, and it still seems to be going on when I go to the Hispanic Employment Bureau (HEB)
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Logos Stick
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In reply to barbacoa taco • 12:44p, 1/30/24
barbacoa taco said:
Logos Stick said:
Prices are almost 20% higher now than when Biden took office.

That poll is made up by the Biden regime.
the entire world experienced significant inflation as a result of shortages that arose during covid. The USA has had a decent recovery and inflation has slowed substantially compared to other western countries, though still not at pre-pandemic levels. A recession still has not been triggered despite what some talking heads say.

yet people still blame Biden completely for the fact that inflation happened. super dishonest, though I understand the president gets the blame for everything bad.


The money supply has remained the same under Biden and he runs $2 trillion deficits, records.

He's the reason for the inflation.
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CDUB98
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12:45p, 1/30/24
AG
Quote:
the entire world experienced significant inflation as a result of shortages that arose during covid.
The fact that you believe this demonstrates your lack of economic knowledge.
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SA68AG
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12:45p, 1/30/24
AG
Food and groceries are up about 25% more than when Trump was in office and still rising.

Gasoline is still up $1.00/gallon over what they were with Trump.

Monthly mortgage payments for the same loan are about double.

The average person doesn't give a **** about GDP growth when they're in the grocery line or at the gas pump or trying to afford a new home.

And absolutely no one thinks Biden is mentally capable of coming up with solutions to anything.

The economy is and will continue to be a loser for him as it should be.
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Jeeper79
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In reply to CDUB98 • 12:47p, 1/30/24
AG
CDUB98 said:
Quote:
the entire world experienced significant inflation as a result of shortages that arose during covid.
The fact that you believe this demonstrates your lack of economic knowledge.
Its true. It may not be the only cause, but it's true.
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AgNav93
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12:47p, 1/30/24
AG
That's some serious goal tending.
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CDUB98
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In reply to Jeeper79 • 12:48p, 1/30/24
AG
Jeeper79 said:
CDUB98 said:
Quote:
the entire world experienced significant inflation as a result of shortages that arose during covid.
The fact that you believe this demonstrates your lack of economic knowledge.
Its true. It may not be the only cause, but it's true.
It is a much, much smaller piece.

The flood of spending that went on with Trump and continues with Biden is the main culprit.
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ThunderCougarFalconBird
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In reply to Birdwatcher • 12:50p, 1/30/24
AG
Birdwatcher said:
I respectfully disagree and think some celebration is warranted. Avoiding a recession and the economy having a soft landing now, is an outcome from the work battling COVID. The Biden administration managed to best nearly every model and prediction about how the economy would perform.
they're on the doorstep of a massive liquidity crisis. Their actions are basically just trying to keep the cork from exploding out of the bottle before the election while tossing out every blimp/red herring they can conceive of lest the public more broadly starts paying attention.
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Who?mikejones!
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In reply to Birdwatcher • 12:51p, 1/30/24
Saw gas jumped like 30 cents this week.

The indicators can say whatever they want. If gas and groceries are stupid expensive, no one will listen
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Rockdoc
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In reply to Birdwatcher • 12:52p, 1/30/24
AG
Well I'm glad at least one person believes in this. Bidenomics hasn't been a total farce I guess.
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BoydCrowder13
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In reply to Logos Stick • 12:54p, 1/30/24
Logos Stick said:
Prices are almost 20% higher now than when Biden took office.

That poll is made up by the Biden regime.


Biden admin will counter that the stock market is up 30% since his inauguration.

Not saying it is a fair metric but Trump used it religiously as proof of his success. Biden will too.
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Who?mikejones!
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In reply to Jeeper79 • 12:55p, 1/30/24
It's the cost of things.

Inflation can go to zero and people will be still upset because of the massive and rapid costs increase since biden took over. Is it bidens fault? Probably not, but no policy he passed or promoted did anything to help.

The macro indicators can look good but that doesn't translate to the avg American feeling good about the economy
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CDUB98
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12:55p, 1/30/24
AG
Quote:
the stock market is up 30% since his inauguration.
The stock market is not the economy, especially in this environment of free flowing money. The fundamentals have been whacked since 2008.
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ttu_85
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In reply to barbacoa taco • 12:56p, 1/30/24
barbacoa taco said:
Logos Stick said:
Prices are almost 20% higher now than when Biden took office.

That poll is made up by the Biden regime.
the entire world experienced significant inflation as a result of shortages that arose during covid. The USA has had a decent recovery and inflation has slowed substantially compared to other western countries, though still not at pre-pandemic levels. A recession still has not been triggered despite what some talking heads say.

yet people still blame Biden completely for the fact that inflation happened. super dishonest, though I understand the president gets the blame for everything bad.
What BS. Biden rolls in and torches Domestic oil production with stupid EO's with in a week of taking office

AND..... Just the other day bans LNG's exports over feels just to hurt Texas. Oh and what about spending now at 145% of GDP.

This guy is a total clown. Almost all recent increases in GDP is due to federal spending. Biden owns a lot of the fault for inflation. Its clear you know nothing of basic economics
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Old McDonald
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12:57p, 1/30/24
by many measures the economy is quite strong as of january 2024.

the majority of gripes with bidenomics have to do with inflation, even though Trump shares equal blame with Biden for that. sentiment is lagging the high inflation of 2021-2022 but as long as wages continue to outpace inflation like they have the last 10 months sentiment will slowly pick up.
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CDUB98
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12:58p, 1/30/24
AG
Quote:
Almost all recent increases in GDP is due to federal spending.
The dirty little secret behind it all.

Borrowing heavily from the future to paper mache over a gaping hole.
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AtticusMatlock
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12:58p, 1/30/24
Trump opened a lot of people's eyes about China and it's abundantly clear even to the deep state and megacorps that the tariffs and pressure on China during his administration had a good effect. Biden has kept and even harshened some of the tariffs.

Manufacturers are reshoring to North America like crazy out of necessity. Trump and Biden will both take credit for it but it's really the result of what's happening in China.

Inflation is also a global problem and the US printing money has not helped, but the reshaping of the global economy and moving away from globalism is a big contributor. All of that retooling costs money and labor will be more expensive in the near and medium term.

Inflation would have been bad under Trump, it will continue to be bad under Biden and probably the next president as well. There's going to be a cost of reshuffling how we get our goods here but ultimately it's going to be good for the American economy.
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ttu_85
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In reply to BoydCrowder13 • 12:59p, 1/30/24
BoydCrowder13 said:
Logos Stick said:
Prices are almost 20% higher now than when Biden took office.

That poll is made up by the Biden regime.


Biden admin will counter that the stock market is up 30% since his inauguration.

Not saying it is a fair metric but Trump used it religiously as proof of his success. Biden will too.
Based a what, an inflated dollar? ....and spending at 145% of GDP. Never in history has this worked in the long term. It usually ends up in a disaster. Biden and Trump should Just ask Great Britain.
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