Biden creates an economic crisis--Unemployment, Inflation, risk of STAGLFATION increasing

[Biden is Mentally Fit]

43 minutes ago, Joe Ferguson forever said:

It's what happens when interest rates rise to battle inflation.  What would you have done differently?

It’s going exactly as planned. Brandonomics! 

[Joe Ferguson forever]

26 minutes ago, JDHillFan said:

It’s going exactly as planned. Brandonomics! 

What would you have done differently?

Edited September 5, 2023 by Joe Ferguson forever

[B-Man]

 

 

“We went into a recession after two back to back quarters of -1.5 over a year ago.

 

When this happened, the establishment changed the parameters that define recession.

 

We’ve remained at a net loss with job creation and ‘Bidenomics.’ This isn’t recovery and everyone knows it.”

 

https://twitter.com/TRHLofficial/status/1698799361474310331

 

 

 

 

Everyone does know. But as the wise man once said of the very first country to go full-bore leftist and stay that way, “We know that they are lying, they know that they are lying, they even know that we know they are lying, we also know that they know we know they are lying too, they of course know that we certainly know they know we know they are lying too as well, but they are still lying.”  

― Aleksandr Solzhenitsyn

 

 

 

 

 

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Edited September 5, 2023 by B-Man

[Biden is Mentally Fit]

20 minutes ago, Joe Ferguson forever said:

What would you have done differently?

Unlike you, I do not pretend to be an expert on everything under the sun. Were I to behave as such, I would end up looking like a dumb ass as you have demonstrated yourself to be on so many occasions. In the matter of economics, I am at the mercy of my “betters” in government. I have to hope and trust they know what they are doing. All I can do is look at the results. You can lump me in with the vast majorities that are dissatisfied with the current state of the economy in our country. I will leave it to the Tiberius’s and redhawks of the world to paint a rosy picture of the housing market and other matters relative to Brandonomics. 

Edited September 5, 2023 by JDHillFan
Spelling

[Joe Ferguson forever]

14 minutes ago, JDHillFan said:

Unlike you, I do not pretend to be an expert on everything under the sun. Were I to behave as such, I would end up looking like a dumb ass as you have demonstrated yourself to be on so many occasions. In the matter of economics, I am at the mercy of my “betters” in government. I have to hope and trust they know what they are doing. All I can do is look at the results. You can lump me in with the vast majorities that are dissatisfied with the current state of the economy in our country. I will leave it to the Tiberius’s and redhawks of the world to paint a rosy picture of the housing market and other matters relative to Brandonomics. 

That's what I thought.  The economy was a mess when Biden took over from trump.  He's improved it significantly.  And just what specifically are you an expert on?

Edited September 5, 2023 by Joe Ferguson forever

[SoCal Deek]

16 minutes ago, Joe Ferguson forever said:

That's what I thought.  The economy was a mess when Biden took over from trump.  He's improved it significantly.  And just what specifically are you an expert on?

Biden improved it? How exactly? What specific policies did the Biden administration enact that improved the economy? He didn’t change tax policy. He borrowed against our future with federal spending programs, most of which have yet to even kick in. In short, the Biden administration has done nothing to help the economy. In fact it could be said that if he’d done literally nothing at all it would’ve been even better. 

[sherpa]

18 minutes ago, Joe Ferguson forever said:

That's what I thought.  The economy was a mess when Biden took over from trump.  He's improved it significantly.  And just what specifically are you an expert on?

 

Absolute nonsense,

I have no argument with mortgage rates going up as a derivative of the Fed needing to put a damper on inflation. Not Biden's fault.

Inflation brought about by years of Fed expanding its balance sheet and over the top fiscal stimulus by Congress, some needed to battle covid effects, but some for purely political goals.

 

But...To say that the economy was a mess under Trump is ridiculous.

 

Things were just fine until covid.

 

I don't blame either of them for responding to it.

The last stimulus was unnecessary.

 

Either way, Biden in no imaginable way "improved it significantly."

 

[Joe Ferguson forever]

5 minutes ago, SoCal Deek said:

Biden improved it? How exactly? What specific policies did the Biden administration enact that improved the economy? He didn’t change tax policy. He borrowed against our future with federal spending programs, most of which have yet to even kick in. In short, the Biden administration has done nothing to help the economy. In fact it could be said that if he’d done literally nothing at all it would’ve been even better. 

He stayed out of the Feds way, unlike his predecessor

 

Just now, sherpa said:

 

Things were just fine until covid.

exactly...then they went to shite

[sherpa]

What?

The Fed is an independent body.

[Tommy Callahan]

No way did things like massive stimulus bills named "anti inflation and infrastructure" push liquidity into a market already showing inflation that was already high and rising  

Edited September 5, 2023 by Chris farley

[AlBUNDY4TDS]

2 minutes ago, Joe Ferguson forever said:

He stayed out of the Feds way, unlike his predecessor

 

exactly...then they went to shite

What? Revisionist history? Man you sure twist yourself into a pretzel to defend Biden. And before u mention Trump, I still didn't vote for him.

[Tiberius]

(Bloomberg) -- Goldman Sachs Group Inc. now sees a 15% chance the US will slide into recession, down from 20% previously as cooling inflation and a still-resilient labor market suggest the Federal Reserve may not need to raise interest rates any further.

 

https://finance.yahoo.com/news/goldman-cuts-us-recession-chances-022752901.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZHJ1ZGdlcmVwb3J0LmNvbS8&guce_referrer_sig=AQAAAHcV7twa40Ro3TycGWSE4Y0lVcPFTgFfeJOp1juB5CvcKRDWRt4bKzYSNbAjICrqqS1mhclLSBqUhbtEvKd5TEKPP29r-PBpYHqpfGT85kQ6w2LF6fndWeqcjONg9ug-DTLzA7SbzVk-4ehw8IJqOXJ_iWaLuz63ipiS1iVfw79r

Biden taking America in for a nice soft landing! 

[Tommy Callahan]

1 minute ago, AlBUNDY4TDS said:

What? Revisionist history? Man you sure twist yourself into a pretzel to defend Biden. And before u mention Trump, I still didn't vote for him.

It's nuts.  They either never left the house or are just lying 

[sherpa]

I still want to hear an explanation of how trump "got into the Fed's way."

[Tommy Callahan]

Just now, Tiberius said:

(Bloomberg) -- Goldman Sachs Group Inc. now sees a 15% chance the US will slide into recession, down from 20% previously as cooling inflation and a still-resilient labor market suggest the Federal Reserve may not need to raise interest rates any further.

 

https://finance.yahoo.com/news/goldman-cuts-us-recession-chances-022752901.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZHJ1ZGdlcmVwb3J0LmNvbS8&guce_referrer_sig=AQAAAHcV7twa40Ro3TycGWSE4Y0lVcPFTgFfeJOp1juB5CvcKRDWRt4bKzYSNbAjICrqqS1mhclLSBqUhbtEvKd5TEKPP29r-PBpYHqpfGT85kQ6w2LF6fndWeqcjONg9ug-DTLzA7SbzVk-4ehw8IJqOXJ_iWaLuz63ipiS1iVfw79r

Lmao.  Been there for over a year and they say maybe later.  

 

 

[All_Pro_Bills]

12 minutes ago, Tiberius said:

(Bloomberg) -- Goldman Sachs Group Inc. now sees a 15% chance the US will slide into recession, down from 20% previously as cooling inflation and a still-resilient labor market suggest the Federal Reserve may not need to raise interest rates any further.

 

https://finance.yahoo.com/news/goldman-cuts-us-recession-chances-022752901.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZHJ1ZGdlcmVwb3J0LmNvbS8&guce_referrer_sig=AQAAAHcV7twa40Ro3TycGWSE4Y0lVcPFTgFfeJOp1juB5CvcKRDWRt4bKzYSNbAjICrqqS1mhclLSBqUhbtEvKd5TEKPP29r-PBpYHqpfGT85kQ6w2LF6fndWeqcjONg9ug-DTLzA7SbzVk-4ehw8IJqOXJ_iWaLuz63ipiS1iVfw79r

Biden taking America in for a nice soft landing! 

Goldman is known to be a very accurate contrary indicator.    

Edited September 5, 2023 by All_Pro_Bills

[Biden is Mentally Fit]

45 minutes ago, Joe Ferguson forever said:

That's what I thought.  The economy was a mess when Biden took over from trump.  He's improved it significantly.  And just what specifically are you an expert on?

Ok. Despite you spitting up on yourself fairly regularly and your shrewish “personality”, I am going to believe you and ask you to help me understand this:

 

Majorities of registered voters said they disapproved of how Biden has handled the economy (59%), inflation (63%) and growth of the middle class (58%), according to the poll. 

https://www.cnbc.com/2023/09/04/biden-2024-election-poll-trump-economy-old-age-concerns-inflation.html

 

Is it simply the messaging that’s the problem? Shouldn’t a larger percentage of registered voters have benefited in a tangible way from the significantly improved economy?

 

[Tiberius]

29 minutes ago, All_Pro_Bills said:

Goldman is known to be a very accurate contrary indicator.    

Known by idiots, ya 

[B-Man]

 

 

 

REMINDER:

 

 

 

 

 

 

 

 

                                     

 

 

 

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[Biden is Mentally Fit]

9 minutes ago, B-Man said:

 

 

 

REMINDER:

 

 

 

 

 

 

 

 

                                     

 

 

 

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This is what a “significantly improved economy” looks like. What’s so hard to understand about that?