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


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1 hour ago, The Frankish Reich said:

3.4% YOY now. The Fed decided some time ago, based on really nothing, that it would target 2 percent.

 

Inflation rates during some notable boom times:

 

Reagan years:

1983: 3.8

1984 (the famous landslide Reagan win): 3.9

 

Clinton years:

1994: 2.7

1995: 2.5

1996 (Clinton easily reelected): 3.3

 

LMAO.  Now what changed in regard to calculating CPI since way back then?  

 

https://www.nytimes.com/2022/05/24/technology/inflation-measure-cpi-accuracy.html

 

 

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21 minutes ago, The Frankish Reich said:

Now read the article and get back to me.

opinions by heavily biased people in a heavily biased site. 

 

but the point was that article explained what changed since the data you provided.

 

 

 

 

 

 

 

 

Edited by Tommy Callahan
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3 hours ago, The Frankish Reich said:

I do find these things interesting, just in (as you said) a fun fact kind of way.

But I also know that the nominal price of something really tells me nothing.

I do agree that huge deficits are a problem. I think we started on the right path in the Clinton years, then quickly abandoned all common sense thereafter.

Another way of thinking of nominal prices is that the price of things doesn't go up but rather the value of a unit of currency goes down.

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14 minutes ago, JDHillFan said:

The index that you declared, via mystery math, had doubled on Biden‘s watch finished in the red today. Nice job dumbass. 

Umm, the S&P 500 closed at an all-time high today.

 

3851 when Biden was inaugurated, 5421 at close today.

Roughly +41 percent in 41 months.

Not. Bad. At. All.

 

https://www.cnbc.com/2024/06/11/stock-market-today-live-updates.html

 

 

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7 minutes ago, The Frankish Reich said:

Umm, the S&P 500 closed at an all-time high today.

 

3851 when Biden was inaugurated, 5421 at close today.

Roughly +41 percent in 41 months.

Not. Bad. At. All.

 

https://www.cnbc.com/2024/06/11/stock-market-today-live-updates.html

 

 

Maybe you can help Tiberius with math. Straighten him out on the Dow.

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25 minutes ago, The Frankish Reich said:

Umm, the S&P 500 closed at an all-time high today.

 

3851 when Biden was inaugurated, 5421 at close today.

Roughly +41 percent in 41 months.

Not. Bad. At. All.

 

https://www.cnbc.com/2024/06/11/stock-market-today-live-updates.html

 

 

https://www.cnn.com/2021/01/20/investing/dow-stock-market-trump-presidency/index.html

 

just so we can compare apples to Orangeman - the S&P was up 67% under the tweeter in chief. That includes the pandemic. Not. Bad. At. All. 
 

 

 

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1 hour ago, The Frankish Reich said:

Umm, the S&P 500 closed at an all-time high today.

 

3851 when Biden was inaugurated, 5421 at close today.

Roughly +41 percent in 41 months.

Not. Bad. At. All.

 

https://www.cnbc.com/2024/06/11/stock-market-today-live-updates.html

 

 

Pretty much lines up with the massive state spending. So ironic they called the one "the inflation reduction act".

 

And the debt chart.....

 

 

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1 hour ago, JDHillFan said:

https://www.cnn.com/2021/01/20/investing/dow-stock-market-trump-presidency/index.html

 

just so we can compare apples to Orangeman - the S&P was up 67% under the tweeter in chief. That includes the pandemic. Not. Bad. At. All. 
 

 

 

48 months. Still time! 

And remember when Trump said a Biden presidency would mean the markets tank?

7 minutes ago, Tommy Callahan said:

Pretty much lines up with the massive state spending. So ironic they called the one "the inflation reduction act".

 

And the debt chart.....

 

 

Does the massive COVID spending bill Trump signed also get credit?

Look, I think the President has almost nothing to do with stock market performance. But fair is fair ... the rally post-COVID has basically continued unabated.

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30 minutes ago, The Frankish Reich said:

And remember when Trump said a Biden presidency would mean the markets tank?

Do you remember when the Nobel winning economist of the reliable NYT said something to the effect of “a first pass answer is never” regarding economic recovery immediately after the bad orange man was elected?

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Its pretty easy to see. the massive stimuluses went directly to the investor class, who is doing very well in this economy, based on the GDP and Stocks.

 

While every other quintile suffers.

 

Never mind the steadily growing amount of homeless or old buildings/hotels being converted over to migrant shelters.  Its steady profits for whoever own the properties.

 

 

 

 

I dont know about other states, but up here in NY. the Federal rescue plan moneys are what is paying the huge tax deficits.  What happens when those run out?  

 

 

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11 hours ago, The Frankish Reich said:

Perhaps Mr. Edward Snowden should be scrutinizing the Kremlin's record of reliable economic statistics.

Invoking the cleanest Pig in the mud hole argument does not absolve the administration from taking liberties with the facts. Similarly, you can break the thermometer and tell me its only 30 degrees when its really 100 degrees but breaking and falsifying the measurement doesn't keep me from experiencing a lot of discomfort and I'm not sure what you're talking about because it's friggin' hot as Hell!

Edited by All_Pro_Bills
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