Morgan Stanley, global investment banking firm, credits ‘Bidenomics’ in lifting its U.S. economic-growth outlook Thanks to infrastructure spending and manufacturing incentives, it now projects 1.9% GDP growth for the first half of this year, up from 0.5% President Joe Biden’s Infrastructure Investment and Jobs Act has seeped into the domestic economy, “driving a boom in large-scale infrastructure,” wrote Ellen Zentner, chief U.S. economist for Morgan Stanley, in a research note out late last week. Plus, she wrote, “manufacturing construction has shown broad strength.” As a result Morgan Stanley now projects 1.9% economic expansion in the first half of this year. That’s nearly four times the bank’s previous 0.5% forecast for growth in gross domestic product in the first half of 2023.
@AroundTheWorld @tinman @basso @Commodore @CrixusTheUndefeatedGaul so are you happy or sad that all objective indicators are that the economy is on the upswing. Are you happy that Americans 401K plans are up, or are you sad because you would rather the economy go to crap so that a Republican might win the White House? I am puzzled - how is Biden’s economic plan working if he is such a senile dolt? Or is it Biden’s puppeteers’s economic plan working? Or is Trump actually president and it is his economic plan? I am having a difficult time reconciling what I see on Fox News and what the data says about the economy. Someone please help.
@Nook I'm sure the "both sides suck" understand that the chamber of commerce and the entire business community has declared war on bidens ability to bring down drug prices. The legislation he passed last year allows Medicare for first time in its history to negotiate prices and the drug company are declaring war. How this litigation plays out will effect regular Americans in ways that we can't even imagine. The pharmaceutical and business community have to be defeated. Whats sad is how folks will not realize how the system works and claim both parties are useless or dems arent doing trying to do things. Trump stacked the courts with corrupt judges
‘Barbenheimer’ Even Bigger Than Expected: this points to the resillience of consumer spending https://fortune.com/2023/07/24/will-economy-recession-soft-landing-jerome-powell-federal-reserve/ Consecutive months of steady job gains, fading inflation and resillient consumer spending have bolstered the case for a soft landing--- where inflation is controlled without the need for a job-killing reession.
The Hiden Way Bidenomics Is Already Weakening Trump's 2024 Hope The US undergoing a paradigm shift that’s about more than restoring manufacturing jobs. Seismic events such as the covid-19 pandemic and the war in Ukraine have demonstrated the vulnerability of our supply chains and laid the groundwork for the public to embrace an expansive federal role in building U.S. industrial capacity as the way to safeguard our future. Red states, not blue ones, are seeing the biggest income gains from Bidenomics. In North Dakota, which Biden lost to Trump by 34 points, and where Biden’s net approval rating was negative 46 percent in March, according to a Morning Consult compilation, personal income during the first quarter of 2023 rose 11 percent over the previous year. In Nebraska, which Biden lost by 20 points, and where Biden’s net approval rating in March was negative 36 percent, personal income rose 11.1 percent. In South Carolina, which Biden lost by 12 points, and where Biden’s net approval was negative 23 percent, personal income rose 6.8 percent. In Montana, which Biden lost by 16 points, and where Biden’s net approval was negative 21 percent, personal income rose 8.3 percent. All these increases in personal income exceeded the national average, which was 5.1 percent. In North Dakota and Nebraska, personal income growth was more than twice the national average. Biden can argue that a Trump victory in 2024 would undo all of Bidenomics’s investments and the economic accomplishments they appear poised to unleash . Hey red states, Biden might justifiably think. You’re welcome!
Would you hate on the rockets for going after LeBron? I always respect ppl that go big and think big. Don't be a wussy and live once and be a legend. Biden's FTC is also trying to break up Google this fall also. Their swinging big against corporate America and you gotta admire it. No ****s given
Biden is doing exactly what these trolls always wanted and their silent. Right wingers for years talked about going after big tech but only Biden is delivering. Bootlicking big business nd billionaires isn't a good look
@astros123 - I have now read so many of your excellent posts. But one thing hasn't really become clear to me yet, I just cannot really figure out where you stand on this, could you please clarify? Spoiler Do you like Joe Biden?
She had an interview before the FTC nod that she'll go for big swings that will likely lose in order to highlight how broken and outdated our anti trust laws are. You have several trillion dollar cap companies with de facto monopolies so people aren't oblivious, they just assume we have standards in place. It's very counter intuitive to insiders who feel like victories are political capital and the legal losses she's piled up make her look incompetent. The system has been gamed heavily towards the winners from the point after the gman broke up Ma Bell and Wall Street grew wise through influence peddling. So her point is that if she continues previous trends of small inconsequential victories, then that public lull will continue as those baby steps justifies the current bloated, self serving, and corrupt regulatory body. Best of luck to her as the public is fickle and will take a while to understand what she's doing on our behalf.
I dont think you properly understand the role of the FTC. Her tough anti trust stance is scaring private equity firms from buying up smaller companies in all sorts of industries. Shes already won more cases than almost any other FTC has won in their lifetime. Corporate mergers were down almost 30-40% and shes unwinding the concentration in so many industries. The point of tough anti trust is deterrence. I have a decent size medical equipment company in Indiana and my main competitor is a private equity backed company. The company was buying up smaller companies before lina khan came into office. Now they havnt bought a single one in years and its allowed me to catch up in market share. This is actually happening with alot of conservative small business all around the nation. if you're interested in how many massive W's the ftc has alredy picked up read this thread. This is the first time in 80 years that we're unwinding the concentration from the new deal time. Alot of right wingers in rural America are actually doing really good in terms of competition.
She said it herself pre FTC, though maybe it's better to rack up smaller victories in order to blunt high profile cases like the Microsoft/Acti and the Meta/within mergers
