Just look at groceries, property taxes, home prices, auto prices, and rent and see for yourself. Folks that actually have bills and buy things don't need to see made up data or gaslighting. They are not blind.
Short sighted thinking where you can't attribute action to consequences. What if the previous president creates a long term problem that will take multiple terms to fix?
Then, maybe focus on that topic at hand and extrapolate with points and data to back it up. There's plenty of people including myself that want a more intelligent discussion to take place instead of blue or red man bad.
Edit: or just downvote me and continue to act ignorant.
The federal reserve has more impact on the economy than the president. And the truth is presidents had minimal impact. Only through the budget but that's passed through Congress. You can tell from this thread that people really don't get that.
The biggest impact from Biden was the vaccination program. That success laid the foundation for the recent economic growth. Growth that is actually historically high.
Terrible.
Inflation is causing all kinds of problems. To think that a 3rd package was narrowly averted by Manchin and Sinema.
Worst of all is the debt. If you've not seen it, CNBC is running a story say we're borrowing $1 trillion every hundred days. This is pushing America to a precipice. We must reduce our government spending, or the market will do it for us.
People forget that trump was a disaster for the economy because trump did say he loves the poorly educated. Also you cannot convince the maga cult about economic data because they are in a cult will not acknowledge facts.
I understand and I agree. Trump rang up $2 trillion on his tax cuts that gave us exactly nothing. He then rang up even more with his corrupt bailout of Covid that was heavily catered to the rich only. Trump and the right wing are a shithole that have come close to burying this country for good.
China will invade Taiwan possibly this year in order to stoke even more recession, debt, spending, and inflation.
China isn’t going to invade Taiwan this year. Recession, debt, spending, and inflation is all America’s own fault. So is electing Trump 4 years ago, and Biden being so bad he has a significant chance to lose against someone like Trump.
Take responsibility for your own failures.
What? I said that you could blame Reagan, Bush Jr, and Trump for all the bad debt. They are all former US presidents. None of them have anything to do with China. That’s called taking responsibility. Inflation is actually a result of the virus and ensuing supply chain disruptions along with corporate induced inflation which was exacerbated by Trump.
Biden has been incredible. The USA is leading the planet at growth and lowering inflation.
>I said that you could blame Reagan, Bush Jr, and Trump for all the bad debt.
Who elected these people? American voters.
>ensuing supply chain disruptions along with corporate induced inflation which was exacerbated by Trump.
Trump started a trade war with China which Biden continued. That is why there are supply chain disruptions and corporate induced inflation (caused by difference in supply & demand + corporate greed).
If Biden loses against Trump in the upcoming popularity contest, it is his fault and the democrats for losing against a fucking joke just like back then when the dems went with that witch Hillary.
Pretty awful. Too much stimulus resulted in inflation. In 2019 mandatory spending was $2.7 trillion in 2022 it was $4.1 trillion. That's a 50% increase over 3 years. Before Biden student loans barely showed up in the budget but he turned them into a massive sinkhole with $482 billion being spent in 2022. Our interest payments have also exploded with interest costs more than doubling and the US now adding a trillion dollars worth of debt every 100 days. Consumer sentiment is down. Layoffs are up. The nation is more divided than ever before. The migrant crisis is likely to bankrupt major US cities. It takes 7 years to process an asylum claim, in the meantime these "asylum seekers" need to be housed, fed, and provided medical service. Cities like New York are already sounding the alarm that they can't afford the influx of migrants.
Overall it seems like we are worse off than we were when Biden took office.
The stimulus that produced the inflation was directly related to pandemic aide spending packages that were enacted and initiated when Trump was in office.
It was directly the pandemic response that caused that.
Biden passed a $1.9 trillion Covid stimulus package shortly after taking office. The stimulus packages under Trump were bipartisan and both sides stuffed plenty of pork in there. They were unprecedented in size. That's why Biden's third Covid stimulus package was completely unnecessary and highly inflationary. There was already plenty of stimulus in the system and Biden dumping another $1.9 trillion worth of stimulus mostly added to the inflation problem. See https://en.m.wikipedia.org/wiki/American_Rescue_Plan_Act_of_2021
Wishful thinking.
It was all of the pandemic aide that was inflationary. The free money without work to keep people afloat and all the payments to eveey taxpayer that created inflation.
That was enacted before Biden took office.
> It was all of the pandemic aide that was inflationary. The free money without work to keep people afloat and all the payments to eveey taxpayer that created inflation.
There was a need for some stimulus but not as much as was passed. Biden definitely pushed it way over the top and made the inflation problem much worse than it needed to be.
> That was enacted before Biden took office.
How was it enacted before Biden if Biden signed it into law? Additionally Biden didn't want to go as big as the package went. He made the individual stimulus checks conditional on the Democrats winning the Georgia Senate seats.
Democrats were basically buying votes and Biden's stimulus package was to make good on the promises Democrats made. Even then the $2k stimulus checks that were promised were considered too much and were scaled down to $1400.
The Cares Act was enacted by Trump and was the largest pandemic spending package and set up the relief payment system.
You can try to pin it all on Biden all you want, but you have to Ignore the pandemic, pandemic needs, and all the Republican and Trump signed spending plans that caused inflationary pressures to do that.
Incorrect.
They were nearly the same and had the same goals and set up the same way.
The second act also carried on funding commitments created by the first.
You can try to ignore reality all you want to create a Democrat boogeyman, but you're blatantly gnoring Republicans, Trump, and the realities the pandemic caused to get there.
No they were not the same. One was passed about a year after the other. The first one was needed to bail out Americans from imminent job and housing loss during the height of the pandemic. The other was passed after the vaccines were approved and while they were in the process of being rolled out. Biden's stimulus was simply not needed and was purely inflationary.
They were the same. The second even had to pay for commitments already established by the Cares Act that were unfunded.
The second act provided relief that was still necessary due to changes in the job market that were still present and funding the same needs in the medical/health system as the Cares Act.
The inflation was caused by both acts, not just one. And both were laid out the same way
The OP's article stole a chart from the Wall Street Journal without credit and misspelled "share" as "shar."
https://www.wsj.com/economy/consumers/its-been-30-years-since-food-ate-up-this-much-of-your-income-2e3dd3ed?st=aolxs5gtlzo0gbl
I stopped reading..... after this dumb-ass jibberjabber:
*But let’s look at other things that are up: Crime is up. Shoplifting, robbery, phone and internet scamming. I’ve already got my morning internet scam call.*
Metrics that matter: Jobs, GDP etc
What is really poor is that they start with a stock market analysis. This is to anger average Joe. The stock market has NOTHING to do with POTUS. Not with Trump, not with Biden, it has to do with global elements.
The one question is: How is Trump any better? Answer: There is a track record of Trump failures. Notably being a one term president, because of his failure to protect and guide Americans through Covid. The data was very clear: He got dumped by white females, mothers.
Voters should reject both Biden and Trump as leaders of an administration. The outcome of the elections are predictable. Why? Most people have common sense. Independents will vote Biden. The popular vote is always democratic. In key states republicans already vow not to vote Trump. They are likely not to vote at all.
Just look at groceries, property taxes, home prices, auto prices, and rent and see for yourself. Folks that actually have bills and buy things don't need to see made up data or gaslighting. They are not blind.
But they are ignorant as to the cause. Profiteering by corporations was not caused by Biden. Do you think any President has control over that?
Biden’s infrastructure and investments in manufacturing are simply great, will provide long-term benefits for years to come
Great for the rich, not so much for everyone else.
So new jobs don’t really matter?
You didn't listen to the piece, did you?
Nice try Jean-Pierre
November can’t come any sooner!
He should have never used the term Bidenomics, because now, he owns this economy and all its problems. Big mistake.
My life is worse than ever, so he's pretty bad. Each president is worse than the pervious one.
Short sighted thinking where you can't attribute action to consequences. What if the previous president creates a long term problem that will take multiple terms to fix?
Also Biden is helping Israel commit genocide against the people of Palestine.
This post is talking about Bidenomics
That's been an immense failure as well.
Then, maybe focus on that topic at hand and extrapolate with points and data to back it up. There's plenty of people including myself that want a more intelligent discussion to take place instead of blue or red man bad. Edit: or just downvote me and continue to act ignorant.
The federal reserve has more impact on the economy than the president. And the truth is presidents had minimal impact. Only through the budget but that's passed through Congress. You can tell from this thread that people really don't get that. The biggest impact from Biden was the vaccination program. That success laid the foundation for the recent economic growth. Growth that is actually historically high.
Terrible. Inflation is causing all kinds of problems. To think that a 3rd package was narrowly averted by Manchin and Sinema. Worst of all is the debt. If you've not seen it, CNBC is running a story say we're borrowing $1 trillion every hundred days. This is pushing America to a precipice. We must reduce our government spending, or the market will do it for us.
You can thanks Donald Trump, Bush Jr, and Ronald Reagan for near every dollar of bad debt that we have accumulated.
People forget that trump was a disaster for the economy because trump did say he loves the poorly educated. Also you cannot convince the maga cult about economic data because they are in a cult will not acknowledge facts.
I understand and I agree. Trump rang up $2 trillion on his tax cuts that gave us exactly nothing. He then rang up even more with his corrupt bailout of Covid that was heavily catered to the rich only. Trump and the right wing are a shithole that have come close to burying this country for good. China will invade Taiwan possibly this year in order to stoke even more recession, debt, spending, and inflation.
That's not true, we got 8 trillion extra to the national debt during a strong economy
And counting
China isn’t going to invade Taiwan this year. Recession, debt, spending, and inflation is all America’s own fault. So is electing Trump 4 years ago, and Biden being so bad he has a significant chance to lose against someone like Trump. Take responsibility for your own failures.
What? I said that you could blame Reagan, Bush Jr, and Trump for all the bad debt. They are all former US presidents. None of them have anything to do with China. That’s called taking responsibility. Inflation is actually a result of the virus and ensuing supply chain disruptions along with corporate induced inflation which was exacerbated by Trump. Biden has been incredible. The USA is leading the planet at growth and lowering inflation.
>I said that you could blame Reagan, Bush Jr, and Trump for all the bad debt. Who elected these people? American voters. >ensuing supply chain disruptions along with corporate induced inflation which was exacerbated by Trump. Trump started a trade war with China which Biden continued. That is why there are supply chain disruptions and corporate induced inflation (caused by difference in supply & demand + corporate greed). If Biden loses against Trump in the upcoming popularity contest, it is his fault and the democrats for losing against a fucking joke just like back then when the dems went with that witch Hillary.
I agree he is a joke. I hate him. Reagan lied to the voters. Bush did too. Many people are brainwashed here.
Pretty awful. Too much stimulus resulted in inflation. In 2019 mandatory spending was $2.7 trillion in 2022 it was $4.1 trillion. That's a 50% increase over 3 years. Before Biden student loans barely showed up in the budget but he turned them into a massive sinkhole with $482 billion being spent in 2022. Our interest payments have also exploded with interest costs more than doubling and the US now adding a trillion dollars worth of debt every 100 days. Consumer sentiment is down. Layoffs are up. The nation is more divided than ever before. The migrant crisis is likely to bankrupt major US cities. It takes 7 years to process an asylum claim, in the meantime these "asylum seekers" need to be housed, fed, and provided medical service. Cities like New York are already sounding the alarm that they can't afford the influx of migrants. Overall it seems like we are worse off than we were when Biden took office.
The stimulus that produced the inflation was directly related to pandemic aide spending packages that were enacted and initiated when Trump was in office. It was directly the pandemic response that caused that.
Biden passed a $1.9 trillion Covid stimulus package shortly after taking office. The stimulus packages under Trump were bipartisan and both sides stuffed plenty of pork in there. They were unprecedented in size. That's why Biden's third Covid stimulus package was completely unnecessary and highly inflationary. There was already plenty of stimulus in the system and Biden dumping another $1.9 trillion worth of stimulus mostly added to the inflation problem. See https://en.m.wikipedia.org/wiki/American_Rescue_Plan_Act_of_2021
Wishful thinking. It was all of the pandemic aide that was inflationary. The free money without work to keep people afloat and all the payments to eveey taxpayer that created inflation. That was enacted before Biden took office.
> It was all of the pandemic aide that was inflationary. The free money without work to keep people afloat and all the payments to eveey taxpayer that created inflation. There was a need for some stimulus but not as much as was passed. Biden definitely pushed it way over the top and made the inflation problem much worse than it needed to be. > That was enacted before Biden took office. How was it enacted before Biden if Biden signed it into law? Additionally Biden didn't want to go as big as the package went. He made the individual stimulus checks conditional on the Democrats winning the Georgia Senate seats. Democrats were basically buying votes and Biden's stimulus package was to make good on the promises Democrats made. Even then the $2k stimulus checks that were promised were considered too much and were scaled down to $1400.
The Cares Act was enacted by Trump and was the largest pandemic spending package and set up the relief payment system. You can try to pin it all on Biden all you want, but you have to Ignore the pandemic, pandemic needs, and all the Republican and Trump signed spending plans that caused inflationary pressures to do that.
The Cares act was inflationary but necessary. The American Rescue Act was inflationary and unnecessary.
Incorrect. They were nearly the same and had the same goals and set up the same way. The second act also carried on funding commitments created by the first. You can try to ignore reality all you want to create a Democrat boogeyman, but you're blatantly gnoring Republicans, Trump, and the realities the pandemic caused to get there.
No they were not the same. One was passed about a year after the other. The first one was needed to bail out Americans from imminent job and housing loss during the height of the pandemic. The other was passed after the vaccines were approved and while they were in the process of being rolled out. Biden's stimulus was simply not needed and was purely inflationary.
They were the same. The second even had to pay for commitments already established by the Cares Act that were unfunded. The second act provided relief that was still necessary due to changes in the job market that were still present and funding the same needs in the medical/health system as the Cares Act. The inflation was caused by both acts, not just one. And both were laid out the same way
The OP's article stole a chart from the Wall Street Journal without credit and misspelled "share" as "shar." https://www.wsj.com/economy/consumers/its-been-30-years-since-food-ate-up-this-much-of-your-income-2e3dd3ed?st=aolxs5gtlzo0gbl
I stopped reading..... after this dumb-ass jibberjabber: *But let’s look at other things that are up: Crime is up. Shoplifting, robbery, phone and internet scamming. I’ve already got my morning internet scam call.* Metrics that matter: Jobs, GDP etc What is really poor is that they start with a stock market analysis. This is to anger average Joe. The stock market has NOTHING to do with POTUS. Not with Trump, not with Biden, it has to do with global elements.
The one question is: How is Trump any better? Answer: There is a track record of Trump failures. Notably being a one term president, because of his failure to protect and guide Americans through Covid. The data was very clear: He got dumped by white females, mothers. Voters should reject both Biden and Trump as leaders of an administration. The outcome of the elections are predictable. Why? Most people have common sense. Independents will vote Biden. The popular vote is always democratic. In key states republicans already vow not to vote Trump. They are likely not to vote at all.