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Posted (edited)
5 hours ago, BeaverFever said:

Funny nobody on the right was willing to say anything that when Biden’s stimulus was growing the economy.

Because Biden's stimulus And subsequent inflation radically exceeded the Improvement in the economy. That was one of the reasons people gave him such a failing grade. The economy and inflation was a major factor

And the big problem there is that the economy didn't need any stimulus. Tons of people had money in the bank that they normally would have spent on eating out and going to shops and movies and so on but they banked it because they couldn't, and as soon as they could they spent it. So the economy was very self-stimulating it didn't need any additional stimulation.

And literally all of this was brought up quite a bit during Biden's time so I'm not sure what you were doing or why you didn't pay attention but believe me it was a topic of discussion for most people

5 hours ago, BeaverFever said:

Nobody knows what the case is, thanks to the government shutdown

Of course we do, what are you a child? The second quarter results have long been published and a number of financial institutions have published the number so far for the third quarter and what's expected. It won't differ much if at all. The third quarter is over after all and the numbers were being published all the way along it's just a matter of telling it up

So we know with reasonable certainty. Overall for those two quarters he has done better with growth then the cost increase of inflation. Not by a lot but he just needs to keep his head above water for that to work for him over time.

Now that doesn't mean it's going to continue that way, it doesn't mean that in the next quarter or two all of a sudden there will be a nose dive. It takes the economy a long time to catch up to any changes that are made. I said numerous times when people for were freaking out back in January when he was taking over that we wouldn't know how his policies were impacting things probably until quarter 4 was in.  But so far its working decently well for him. 

Sticking your head in the sand and ignoring the facts won't actually change the facts

Edited by CdnFox

"That which doesn't kill me...

Had better start running."

Posted
9 hours ago, BeaverFever said:

It worked in the end, the economy was “firing on all cylinders” by the second half of 2024.

No, it wasn't. The stock market was up but less than inflation. Jobs were up but only because they cooked the books. The GDP was up but only because the government spent so damn much money. 

https://www.morningstar.com/news/marketwatch/20250118238/the-biden-economy-just-how-good-was-it-here-are-the-highs-and-lows-for-the-46th-president

The yearly rate of inflation rose from a scant 1.4% - a level considered precariously low - when Biden took office in January 2021 to a peak of 9.1% in the middle of 2022. It was the worst outbreak of inflation since the early 1980s. 

Gross domestic product, considered the official scorecard for the economy, surged 6.1% in 2021. The growth spurt was fueled by the Biden stimulus and the ensuing rebound from the coronavirus pandemic.

GDP rose 2.5% in 2022, 2.9% in 2023, and it's likely to have expanded close to 3% in Biden's final year in office.

While high government spending has played a role in the robust GDP, the economy has benefited most from low unemployment, rising incomes and strong consumer spending. 

https://www.heritage.org/markets-and-finance/commentary/labor-department-admits-hundreds-thousands-biden-jobs-were-fake

Labor Department Admits Hundreds of Thousands of Biden Jobs Were Fake

Don't you think that if I were wrong that I would know it? 

 

 

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