BadMoonRisin said:

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Detmersdislocatedshoulder said:

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Birdwatcher said:

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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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birdwatcher i will not be mock your opinion but yet marvel at what you posted. it is absolutely amazing to me that anyone who lives in america would actually believe what you just said. it is hard for me to fathom. i know there are people like you who think what you think but damn man it's shocking.

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lmao.

If he cant do something meaningful immediately? It's been 3 years, bro. And it all started when his dumbass started removing Remain in Mexico and all the other **** Trump did to have record low crossings.

We dont need a bill, we need him to stop being such an idiot and re-print out and sign all of Trump's executive orders.

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That's why I can't take any of the opinion on the economy with a shred of believability. ON DAY ONE he completely changed what had been going on with the border and here we are three years later with 8 (?) million illegals with court dates out to 2031 but ultra maga right is blocking him.

Please, please, please explain this to us better or this it nothing but baseless trolling and gaslighting.

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We've been in a rich get richer society for 20+ years now. The wealth gap is increasing at an astonishing pace. Not sure what to do about.

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Nothing. That isn't the government's job, as any actual conservative would tell you.

Heineken-Ashi said:

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The majority of job growth and GDP over the last year has been from growth in government.

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also how socialism works.

Birdwatcher said:

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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

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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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Can you identify three things that Biden has done to make the economy great?

barbacoa taco said:

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Logos Stick said:

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Prices are almost 20% higher now than when Biden took office.

That poll is made up by the Biden regime.

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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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So Biden should be congratulated for the "great" economy we have now but should not get any blame for the rampant inflation, stagnant wages, gas prices, etc.?

Can you define what a recession is?

Dems have gone full Commie propaganda machine.

the fact the right wing media ecosystem has pivoted from the economy to the border says all we need to know about the state of biden's economy

Birdwatcher said:

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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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Long term interest rates are lower than short term interest rates. That is a red flag indicating that 2024 is probably going to be a recession. And I mean a real recession, not Joe's redefinition of the word.

2024 is going to be all about Bidenomics.

if the government can just grow enough to add 87,000 new tax collectors at the IRS to go after the few (less than 40% now) Americans who still work and pay taxes and thus, fund the government, then the government can grow even more and do more green new deal spending, lower the earth's temperature, and keep the world spinning on its axis. No chance that high tax and regulatory burdens demotivate entrepreneurial spirit and disincentivize foreign investment in America so the only growth in America is government growth. No chance high tax burdens impoverish and diminish more and more of the middle class to become government-dependent poors and widen the wealth gap even more as only the political elite and certain monopolies and conglomerates gain wealth from big government growth and the death of small business. Even though that's what socialism always does.

...and it's a good thing Taylor Swift and her millions of followers will listen to her and vote for more socialism and our current marxist regime because of baby murderin aka woman's "healthcare" aka reproductive "rights". Bidenomics is working! (if you want more poverty aka "equity" aka socialism.

Old McDonald said:

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the fact the right wing media ecosystem has pivoted from the economy to the border says all we need to know about the state of biden's economy

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any expert on right wing media ecosystems would know that both disasters are still covered quite a bit.

oh no said:

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Old McDonald said:

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the fact the right wing media ecosystem has pivoted from the economy to the border says all we need to know about the state of biden's economy

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any expert on right wing media ecosystems would know that both disasters are still covered quite a bit.

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I'd like a definition of this "right-wing media ecosystem."

agpetz said:

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barbacoa taco said:

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Logos Stick said:

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Prices are almost 20% higher now than when Biden took office.

That poll is made up by the Biden regime.

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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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So Biden should be congratulated for the "great" economy we have now but should not get any blame for the rampant inflation, stagnant wages, gas prices, etc.?

Can you define what a recession is?

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Isn't the official definition two consecutive quarters of falling GDP? and significant decline in overall economic activity. It's not simply "hard times = recession"

I didn't say we have a great economy now, just that the economy has been resilient post-covid and so far a recession has not occurred. GDP and consumer spending have remained strong. The job market and stock market have as well. Gas prices have been pretty reasonable since they peaked in summer 2022. Any comparison to 2020 prices is dishonest considering the major drop in demand due to covid.

Wages have remained stagnant and inflation is stubborn, which fairly influences the public's perception of the economy.

BoydCrowder13 said:

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Logos Stick said:

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Prices are almost 20% higher now than when Biden took office.

That poll is made up by the Biden regime.

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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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Trump has even tried to take credit for the stock market today. he thinks people are bullish because they think he'll be president next year. It's hilarious.

I agree, stock market != economy. It's just good for people who own stocks. But Trump hates seeing a bull market under Biden.

CDUB98 said:

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oh no said:

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Old McDonald said:

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the fact the right wing media ecosystem has pivoted from the economy to the border says all we need to know about the state of biden's economy

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any expert on right wing media ecosystems would know that both disasters are still covered quite a bit.

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I'd like a definition of this "right-wing media ecosystem."

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whatever pravda tells their brainwashed masses it is. they're apparently telling the low iq programmed npc bots that Bidenomics is so amazing that the "fake" border invasion is all right wingers can talk about now.

Birdwatcher said:

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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:

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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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Hard to believe that an actual A&M grad could be this gullible.

It's a pretty sad thing to see so many people believe whatever their overlords tell them and not what they actually see with their own eyes.

barbacoa taco said:

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BoydCrowder13 said:

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Logos Stick said:

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Prices are almost 20% higher now than when Biden took office.

That poll is made up by the Biden regime.

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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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Trump has even tried to take credit for the stock market today. he thinks people are bullish because they think he'll be president next year. It's hilarious.

I agree, stock market != economy. It's just good for people who own stocks. But Trump hates seeing a bull market under Biden.

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Republican victories historically do have that effect.

Funky Winkerbean said:

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barbacoa taco said:

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BoydCrowder13 said:

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Logos Stick said:

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Prices are almost 20% higher now than when Biden took office.

That poll is made up by the Biden regime.

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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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Trump has even tried to take credit for the stock market today. he thinks people are bullish because they think he'll be president next year. It's hilarious.

I agree, stock market != economy. It's just good for people who own stocks. But Trump hates seeing a bull market under Biden.

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Republican victories historically do have that effect.

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But the fact is, the stock market is strong right now. If Trump were president, he'd take credit for all of it. But Biden is president. and Trump is still trying to take credit for it. Hilariously dishonest.

DallasAg 94 said:

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BoydCrowder13 said:

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Logos Stick said:

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Prices are almost 20% higher now than when Biden took office.

That poll is made up by the Biden regime.

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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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My company announced a decrease in Revenue Y/Y while raising prices 15%, eliminated 10% of our employees and our stock is up about 25% Y/Y.

And that actually reflects Bidenomics and what I'm seeing in our industry.

Biden is reporting GDP growth, Job Increases, and overall improved economics.

Reality is fewer people are working, they are paying 15%+ more for what they are buying while Biden's rich friends are banking tons of money.

The poor is poorer.

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Big layoffs coming in Q1/Q2/Q3....getting ugly

barbacoa taco said:

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Logos Stick said:

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Prices are almost 20% higher now than when Biden took office.

That poll is made up by the Biden regime.

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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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And why was covid released? Let me answer for you because the world order group couldn't stand the leader of a free country that was booming. Things were headed in right direction for the whole country. People of every race gaining women gaining and some normality to the crazy. Supreme Court started to take shape and he needed to go boom covid. So actually covid and inflation is on the party that sleepy joe strokes. You can keep supporting this until they put you on your knees and pull the trigger. Once you are not useful to the ruling class they end you. Stop fighting for them please. You don't have to fight for the good just please stop carrying the water for the evil.

Disrespectfully disagree.

More Ron.

market is artificially inflated. stocks are overvalued.

this isn't like market volatility when polls indicated Hillary was going to win and tax hikes were coming, privately owned business owners were trying to sell off before the next year-end to avoid huge tax penalties, etc., or market bull runs when speculative buys are led by the notion that a pro-business conservative is going to win and bring tax and reg cuts to drive business growth. the market growth we're seeing now is inflation driven and it could all come crashing down very soon. ... but it's what you want, Bidenomics is working! it's all in the messaging!

barbacoa taco said:

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Funky Winkerbean said:

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barbacoa taco said:

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BoydCrowder13 said:

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Logos Stick said:

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Prices are almost 20% higher now than when Biden took office.

That poll is made up by the Biden regime.

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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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Trump has even tried to take credit for the stock market today. he thinks people are bullish because they think he'll be president next year. It's hilarious.

I agree, stock market != economy. It's just good for people who own stocks. But Trump hates seeing a bull market under Biden.

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Republican victories historically do have that effect.

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But the fact is, the stock market is strong right now. If Trump were president, he'd take credit for all of it. But Biden is president. and Trump is still trying to take credit for it. Hilariously dishonest.

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seems like a pretty significant barometer for the economy that trump is starting to try to take credit for it

Wow, so you think that the Republicans are the reason 300,000 illegals entered the USA last MONTH!

You think it is because of the Republicans that the border wall was dismantled, that existing laws are being ignored and billions of tax dollars are being sucked out to cover the illegals?

You think the Republican's are preventing Biden from closing the border when every president before him with the same laws on the books were able to at least keep illegal entry to less than 20-30k a month?

You realize that during Bidens term there are more illegal entries than the total population of 22 STATES!
BTW that is what we have counted estimate at least 15% higher for those not detected would put into more than 30 states TOTAL population.

Trump battled Dems for the wall, put in executive orders to help close the border to get around the Dem blocks and Biden removed them all in the first 3 months and patted himself on the back for "fixing Trump policy"

Trump had the lowest illegal entries since 2003 and fought Dem Gov and Mayors who refused to
Enforce immigration law and created "sanctuary cities"
Guess who are crying for Federal help now that immigrants are entering these sanctuary cities? The ones who said come to our immigration friendly city but now claim Abbot is horrible for sending them. They asked for it! The republicans did NOT ask for them, nor did they make sanctuary cities.

Ellis Wyatt said:

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Quote:

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We've been in a rich get richer society for 20+ years now. The wealth gap is increasing at an astonishing pace. Not sure what to do about.

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Nothing. That isn't the government's job, as any actual conservative would tell you.

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Tell that to the people on this thread whining that the wealth gap is increasing. This was the case during Bush, Obama, Trump and Biden. It will continue that way. Either say what solution you have (that doesn't include government intervention) or stop whining about it.

Why do you believe there needs to be a solution?

ETA: Or that it is a problem?

CDUB98 said:

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Why do you believe there needs to be a solution?

ETA: Or that it is a problem?

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Posters above seemed to be presenting it as a problem.

"The economy sucks. The rich are getting richer and the working class is suffering."

Welcome to the 21st century. This isn't new.

I personally do think it is a problem because the more concentrated the wealth becomes, the angrier the majority of the population gets. See early 1800s France or early 1900s Russia. Didn't work out too well for the haves or their countries. Paying attention to history is important.

barbacoa taco said:

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agpetz said:

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barbacoa taco said:

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Logos Stick said:

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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.

---

So Biden should be congratulated for the "great" economy we have now but should not get any blame for the rampant inflation, stagnant wages, gas prices, etc.?

Can you define what a recession is?

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Isn't the official definition two consecutive quarters of falling GDP? and significant decline in overall economic activity. It's not simply "hard times = recession"

I didn't say we have a great economy now, just that the economy has been resilient post-covid and so far a recession has not occurred. GDP and consumer spending have remained strong. The job market and stock market have as well. Gas prices have been pretty reasonable since they peaked in summer 2022. Any comparison to 2020 prices is dishonest considering the major drop in demand due to covid.

Wages have remained stagnant and inflation is stubborn, which fairly influences the public's perception of the economy.

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GDP and consumer spending have remained strong.
- As stated before multiple times in this thread, GDP has been propped up by deficit spending. It is more a reflection of the government spending than it is an indicator of a robust economy. Consumer spending is also influenced by a residual of government payments through COVID coupled with debt spending due to inflation. Any look at consumer spending right now should be coupled with the rise in consumer debt, which is rising rapidly. Not sustainable.

The job market and stock market have as well.
Again, the job market is bolstered by government deficit spending. Job growth outside of Government spending is weak. Again, Brian Westbury:

...the strength in employment seems fragile. If we exclude job gains in government, health & education (which are largely funded by government), and leisure & hospitality (still recovering from lockdowns), job growth looks exceptionally weak. In the last seven months of 2023, payrolls excluding those categories rose only 3,000 per month, the kind of weakness we might expect before a recession. In other words, much of recent growth is fueled by government deficits.

Stock market strength is questionable. Yes, we are at market highs, but much of 2023 performance of the S&P was due to the Magnificent Seven, and the market as a whole looks to be overbought. This is not the market strength we saw 5 years ago with a long-running Bull and plenty of runway to grow. Storm clouds are still on the horizon.

Gas prices have been pretty reasonable since they peaked in summer 2022.
Though this statement is true, I don't think we can draw any lasting conclusions from this fact. Gas prices have been subject to more manipulation recently from so many areas, that you cannot view it as a constant with any relationship at all to 2022, much less looking foward. Releases from the SOR, International supply and the manipulation thereof, domestic supply and temporary relief of government overreach in an election year give no indication of any stability for the long term of gas prices.

barbacoa taco said:

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agpetz said:

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barbacoa taco said:

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Logos Stick said:

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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.

---

So Biden should be congratulated for the "great" economy we have now but should not get any blame for the rampant inflation, stagnant wages, gas prices, etc.?

Can you define what a recession is?

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Isn't the official definition two consecutive quarters of falling GDP? and significant decline in overall economic activity. It's not simply "hard times = recession"

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Yes. That happened in 2022.

barbacoa taco said:

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Funky Winkerbean said:

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barbacoa taco said:

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BoydCrowder13 said:

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Logos Stick said:

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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.

---

Trump has even tried to take credit for the stock market today. he thinks people are bullish because they think he'll be president next year. It's hilarious.

I agree, stock market != economy. It's just good for people who own stocks. But Trump hates seeing a bull market under Biden.

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Republican victories historically do have that effect.

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But the fact is, the stock market is strong right now. If Trump were president, he'd take credit for all of it. But Biden is president. and Trump is still trying to take credit for it. Hilariously dishonest.

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I get that, but that is pretty much every politician everywhere and it's called spin. No doubt Trump will spout about what HE's done, but that's political rhetoric that has been around since the founding of the country.

CDUB98 said:

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oh no said:

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Old McDonald said:

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the fact the right wing media ecosystem has pivoted from the economy to the border says all we need to know about the state of biden's economy

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any expert on right wing media ecosystems would know that both disasters are still covered quite a bit.

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I'd like a definition of this "right-wing media ecosystem."

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He's mean facts that make his dear leader look bad

BoydCrowder13 said:

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MouthBQ98 said:

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The investor class with stock and real estate and similar investments that increase in value with inflation are doing pretty well. That same class had much more discretionary income and can absorb inflation by making personal adjustments much more easily.

The labor income class with few investment holdings or on fixed income or that doesn't have investment returns that increase in value with the inflation of the dollar are getting HAMMERED by inflation. They were already living in narrow margins, debt financing, or even paycheck to paycheck with little discretionary income, and 15-20% inflation is really making life painful and difficult for them.

The ivory tower coastal elite democrats don't seem to understand or relate to this. They just fall back on the old reliable: cause financial suffering, blame others, then promise relief with welfare handouts that they can use to purchase political power with.

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We've been in a rich get richer society for 20+ years now. The wealth gap is increasing at an astonishing pace. Not sure what to do about.

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Too many liberals want to pull down the successful to benefit the less successful. That's a fool's errand.

Perhaps those at the bottom of the gap should work harder, work smarter, give up bad habits, not have children they cannot afford, get proper education and skills, and thereby elevate themselves if they feel they are coming up short.

There will always be a wealth gap. It is up to individuals and families as to which side of it they are on or by how much.

Newsflash.

Recession was redefined by the government and the press to make the Biden administration look better. I am certain they welcome all to swallow the rancid bait hook and all. Enjoy the taste.

one safe place said:

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BoydCrowder13 said:

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MouthBQ98 said:

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The investor class with stock and real estate and similar investments that increase in value with inflation are doing pretty well. That same class had much more discretionary income and can absorb inflation by making personal adjustments much more easily.

The labor income class with few investment holdings or on fixed income or that doesn't have investment returns that increase in value with the inflation of the dollar are getting HAMMERED by inflation. They were already living in narrow margins, debt financing, or even paycheck to paycheck with little discretionary income, and 15-20% inflation is really making life painful and difficult for them.

The ivory tower coastal elite democrats don't seem to understand or relate to this. They just fall back on the old reliable: cause financial suffering, blame others, then promise relief with welfare handouts that they can use to purchase political power with.

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We've been in a rich get richer society for 20+ years now. The wealth gap is increasing at an astonishing pace. Not sure what to do about.

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Too many liberals want to pull down the successful to benefit the less successful. That's a fool's errand.

Perhaps those at the bottom of the gap should work harder, work smarter, give up bad habits, not have children they cannot afford, get proper education and skills, and thereby elevate themselves if they feel they are coming up short.

There will always be a wealth gap. It is up to individuals and families as to which side of it they are on or by how much.

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You can say that but it is much easier to get to $10M from $1M than to $100K from $10k. Eventually, the masses will revolt.

I personally am not whining. I've done even better financially under Biden than under Trump.

Some variation of Hillary's right wing conspiracy.