Prospector Posted July 12, 2021 Posted July 12, 2021 So... this Biden thing kinda sucks? who could have seen that coming? 1 1 1
B-Man Posted July 16, 2021 Posted July 16, 2021 The Dreaded Misery Index Is On The Rise Under Biden Young adults today are likely unfamiliar with the term “misery index.” But they could soon learn about it the hard way, thanks to President Joe Biden’s economic incompetence. The misery index, a measure started under President Lyndon Johnson, is a simple measure combining the unemployment rate and the inflation rate. The idea being that joblessness and a fast-rising cost of living produces palpable misery in the country. The index has long been forgotten because it’s been so low for so long. It hit a high of 21.9 under Jimmy Carter way back in 1980, but by the end of President Reagan’s first term, it had been cut in half. The average under President Donald Trump was just 6.9. The misery index spiked at the start of the COVID-19 lockdowns, jumping from 5.94 to over 15 in one month with the surge in unemployment. But then it quickly dissipated, as the economy under Trump rebounded faster than the so-called experts had predicted. By the time Trump left office, the misery index was back down to 7.7. A funny thing has happened since. The misery index has climbed each and every month that Joe Biden has been president. In February, it ticked up to 7.9, then rose to 8.6 in March. Last month, the misery index hit 11.3, as the monthly inflation rate climbed to 5.4% while the unemployment rate edged up to 5.9%. That means the misery index is now higher than it has been (pre-pandemic) since the Great Recession. It’s also higher than the post-World War II average of 9.2. Under Trump, it averaged 6.9, the third-lowest of any postwar president. {snip} Biden came into office promising to rescue the economy. Instead, he’s managed to resurrect the specter of 1970s-style misery. https://issuesinsights.com/2021/07/16/misery-index-is-on-the-rise-under-bidens-rescue-plan/ 1
Westside Posted July 19, 2021 Posted July 19, 2021 On 7/16/2021 at 10:12 AM, B-Man said: The Dreaded Misery Index Is On The Rise Under Biden Young adults today are likely unfamiliar with the term “misery index.” But they could soon learn about it the hard way, thanks to President Joe Biden’s economic incompetence. The misery index, a measure started under President Lyndon Johnson, is a simple measure combining the unemployment rate and the inflation rate. The idea being that joblessness and a fast-rising cost of living produces palpable misery in the country. The index has long been forgotten because it’s been so low for so long. It hit a high of 21.9 under Jimmy Carter way back in 1980, but by the end of President Reagan’s first term, it had been cut in half. The average under President Donald Trump was just 6.9. The misery index spiked at the start of the COVID-19 lockdowns, jumping from 5.94 to over 15 in one month with the surge in unemployment. But then it quickly dissipated, as the economy under Trump rebounded faster than the so-called experts had predicted. By the time Trump left office, the misery index was back down to 7.7. A funny thing has happened since. The misery index has climbed each and every month that Joe Biden has been president. In February, it ticked up to 7.9, then rose to 8.6 in March. Last month, the misery index hit 11.3, as the monthly inflation rate climbed to 5.4% while the unemployment rate edged up to 5.9%. That means the misery index is now higher than it has been (pre-pandemic) since the Great Recession. It’s also higher than the post-World War II average of 9.2. Under Trump, it averaged 6.9, the third-lowest of any postwar president. {snip} Biden came into office promising to rescue the economy. Instead, he’s managed to resurrect the specter of 1970s-style misery. https://issuesinsights.com/2021/07/16/misery-index-is-on-the-rise-under-bidens-rescue-plan/ Yeah, but hunters new art gallery is a smashing success. 1
Irv Posted July 19, 2021 Posted July 19, 2021 (edited) On 7/16/2021 at 10:12 AM, B-Man said: The Dreaded Misery Index Is On The Rise Under Biden Young adults today are likely unfamiliar with the term “misery index.” But they could soon learn about it the hard way, thanks to President Joe Biden’s economic incompetence. The misery index, a measure started under President Lyndon Johnson, is a simple measure combining the unemployment rate and the inflation rate. The idea being that joblessness and a fast-rising cost of living produces palpable misery in the country. The index has long been forgotten because it’s been so low for so long. It hit a high of 21.9 under Jimmy Carter way back in 1980, but by the end of President Reagan’s first term, it had been cut in half. The average under President Donald Trump was just 6.9. The misery index spiked at the start of the COVID-19 lockdowns, jumping from 5.94 to over 15 in one month with the surge in unemployment. But then it quickly dissipated, as the economy under Trump rebounded faster than the so-called experts had predicted. By the time Trump left office, the misery index was back down to 7.7. A funny thing has happened since. The misery index has climbed each and every month that Joe Biden has been president. In February, it ticked up to 7.9, then rose to 8.6 in March. Last month, the misery index hit 11.3, as the monthly inflation rate climbed to 5.4% while the unemployment rate edged up to 5.9%. That means the misery index is now higher than it has been (pre-pandemic) since the Great Recession. It’s also higher than the post-World War II average of 9.2. Under Trump, it averaged 6.9, the third-lowest of any postwar president. {snip} Biden came into office promising to rescue the economy. Instead, he’s managed to resurrect the specter of 1970s-style misery. https://issuesinsights.com/2021/07/16/misery-index-is-on-the-rise-under-bidens-rescue-plan/ Who could have predicted the swiftness of Biden's impact on the country? I knew it would be a train wreck . But I thought it might take longer than 5 months to completely wipe out the progress made under Trump and destroy the economy. What a mess. Edited July 19, 2021 by Irv 1
B-Man Posted July 20, 2021 Posted July 20, 2021 Biden Brags About ‘His’ Economic Recovery, But Has To Lie To Do It Issues & Insights, by The Editorial Board As TV screens showed the Dow Jones tumbling on inflation and renewed COVID fears, President Joe Biden took to the podium Monday to brag about how great the economy is doing and why he deserves all the credit. It was a remarkable act of prestidigitation for such an old man. Biden said that “it’s true that the economy was sputtering before I got here.” That’s provably false. He said that: “We’ve gone from 60,000 jobs per month to … more than 600,000 jobs per month since I took office.” That’s grossly misleading. https://issuesinsights.com/2021/07/20/biden-brags-about-economic-recovery-but-has-to-lie-to-do-it/ 1
B-Man Posted July 22, 2021 Posted July 22, 2021 PIPELINES ARE ONLY BAD WHEN THEY BENEFIT AMERICA: Biden Administration Green Lights Putin’s Pipeline: Nord Stream 2 will boost the Russian president’s influence in Europe. https://freebeacon.com/national-security/biden-administration-green-lights-putins-pipeline/ Flashback: Ted Cruz notes, “[B]asically what Joe Biden has decided is pipelines in America, bad. Jobs in America, bad. Pipelines in Russia, good. Jobs in Russia, good. And this is exactly backward. It is asinine. And four months into it, Joe Biden is crawling in bed with Putin and Russia and the enemies of America. It doesn’t make any sense.” https://redstate.com/bonchie/2021/05/20/ted-cruz-slaps-joe-biden-around-after-the-latter-decides-to-become-vladimir-putins-puppet-n383598 Flashback: So is it fair to ask if Biden is on the payroll of Putin? As Walter Russell Mead wrote in 2017: If Trump were the Manchurian candidate that people keep wanting to believe that he is, here are some of the things he’d be doing: Limiting fracking as much as he possibly could Blocking oil and gas pipelines Opening negotiations for major nuclear arms reductions Cutting U.S. military spending Trying to tamp down tensions with Russia’s ally Iran. You know who didn’t do those things? Trump. You know who is doing those things? Biden. 1 1
Irv Posted July 22, 2021 Posted July 22, 2021 4 hours ago, B-Man said: PIPELINES ARE ONLY BAD WHEN THEY BENEFIT AMERICA: Biden Administration Green Lights Putin’s Pipeline: Nord Stream 2 will boost the Russian president’s influence in Europe. https://freebeacon.com/national-security/biden-administration-green-lights-putins-pipeline/ Flashback: Ted Cruz notes, “[B]asically what Joe Biden has decided is pipelines in America, bad. Jobs in America, bad. Pipelines in Russia, good. Jobs in Russia, good. And this is exactly backward. It is asinine. And four months into it, Joe Biden is crawling in bed with Putin and Russia and the enemies of America. It doesn’t make any sense.” https://redstate.com/bonchie/2021/05/20/ted-cruz-slaps-joe-biden-around-after-the-latter-decides-to-become-vladimir-putins-puppet-n383598 Flashback: So is it fair to ask if Biden is on the payroll of Putin? As Walter Russell Mead wrote in 2017: If Trump were the Manchurian candidate that people keep wanting to believe that he is, here are some of the things he’d be doing: Limiting fracking as much as he possibly could Blocking oil and gas pipelines Opening negotiations for major nuclear arms reductions Cutting U.S. military spending Trying to tamp down tensions with Russia’s ally Iran. You know who didn’t do those things? Trump. You know who is doing those things? Biden. What a mess 1
Chef Jim Posted July 23, 2021 Posted July 23, 2021 12 minutes ago, B-Man said: They stopped cutting lumber because…ahhh…because….errr… their unemployment…uhhh…anyway how ‘bout them Dodgers?? No Joe. What about them not cutting lumber and unemployment? Where were you going with that?? 1
Irv Posted July 23, 2021 Posted July 23, 2021 16 hours ago, Chef Jim said: They stopped cutting lumber because…ahhh…because….errr… their unemployment…uhhh…anyway how ‘bout them Dodgers?? No Joe. What about them not cutting lumber and unemployment? Where were you going with that?? Why cut lumber when you can collect a government check? What a mess.
Heitz Posted July 23, 2021 Posted July 23, 2021 On 7/19/2021 at 11:51 AM, B-Man said: . And then there's today: Dow ends above 35,000 as major stock indexes close at records https://www.marketwatch.com/story/dow-ends-above-35000-as-major-stock-indexes-close-at-records-2021-07-23 Non-freaked-out-children retail investors know a big drop is a buying opp! 🤷♂️
B-Man Posted July 23, 2021 Posted July 23, 2021 1 minute ago, Heitz said: And then there's today: Dow ends above 35,000 as major stock indexes close at records https://www.marketwatch.com/story/dow-ends-above-35000-as-major-stock-indexes-close-at-records-2021-07-23 Biden creates an economic crisis--Unemployment, Inflation increasing One day in the stock market does not an "economy" make.
Heitz Posted July 23, 2021 Posted July 23, 2021 7 minutes ago, B-Man said: Biden creates an economic crisis--Unemployment, Inflation increasing One day in the stock market does not an "economy" make. True, though one could argue that headline ignores the entire pandemic thing that crashed the economy, caused mass unemployment and helped drive inflation. And a one day drop does not mean dooooom per your meme. Not that I really like the agree we're heading, but I'm in it for the long haul, so I don't over-react either way. Ignore politics, buy low, HODL, sell high(er)...
B-Man Posted July 23, 2021 Posted July 23, 2021 1 hour ago, BillStime said: Fourth or fifth time for this laughable graph. No context. No reality.
BillStime Posted July 23, 2021 Posted July 23, 2021 Just now, B-Man said: Fourth or fifth time for this laughable graph. No context. No reality. Numbers don't lie Bonnie. Trump was a failure. ETTD
Recommended Posts