this is the Republican and trumper prayer isn’t it? my lord you are a total dipshit. Just ban yourself already.
It hasn't even been a full term yet and the conservatives are already btching about how bidenomics isn't working. We are still waiting for the positive benefits of the tickle down economics for the lower class, the right has been selling for 5 decades
The old fool with dementia keeps telling you that you have more money in your pocket while his cackling hyena VP keeps saying that Americans can’t come up with $400 for emergencies. Make up your damn minds you losers. Bi-Demonics really suck the big donkey!
The fruits of Bidenomics are clearly starting to show up in economic data. The pickup in second-quarter growth caught short many economists who had been forecasting a slowdown. Perhaps the biggest surprise was the strength of business investment, which includes firms’ spending on things like buildings, vehicles and software. Busines investment jumped by the most because of the legislation championed by the Biden administration, like the infrastructure bill, the CHIPS Act and the Inflation Reduction Act, which pumped money and incentives into construction and manufacturing. The White House Council of Economic Advisers was quick to highlight the manufacturing investment Note to Invisiblefan,
It's so utterly depressing that none of this matters as much if gas prices stay elevated. Oil has to come below 70 dollars and I'm not sure what anyone can do in the mean time... us oil production is at record levels
Its a good thing she no longer is in the house of representatives... she could join mtg and bobo in the most offensive and dumbest rep contest...
Just a heads up on that $400 emergency survey, the percentage of Americans who couldn’t afford it in 2022 was the same as 2019 - when the economy under the previous president was being touted by some as really good link Seems like the stimulus cash people got temporarily knocked the number down for a year
Don't you remember when bernie bros aka lefties clung onto her as a national hero? She came from the bernie sanders wing. Have the bernie bros ever produced anyone with half a brain?
The person running the BLS department is a trump nominee. You think a trumper is cooking the books for Joe Biden? You folks always ask I use the words moron and idiot so much when this is the qualify of posts by right wingers. Seriously are any of you folks capable of being intelligent? Why does politics destroy everyone's brain. Man
I've wondered to what extent the 'do you have an emergency rainy fund' survey truly reflects the state of the economy, considering that, on average, Americans have a propensity to spend rather than save. There are individuals who face financial difficulties because they aren't adequately compensated for their work, and then there are those who deliberately choose to live beyond their means. According to surveys I've come across, nearly 50% of high-compensated individuals (earning six figures) prefer living paycheck to paycheck. The injection of stimulus cash may indeed help those facing financial struggles temporarily reduce the number of people without an emergency rainy fund, while higher spenders probably swiftly deplete such funds by habits.
Bidenomics’ critics are being proven wrong The success of Bidenomics has cemented the death of an out-dated economic concept, the Phiilips curve, one that was built upon the supposition that inflation and employment have a direct and inverse relationship. it was somewhat disproven during the "stagflation" era under Jimmy Carter, where there were high levels in both inflation and employment. The astounding 2.4% GDP growth revealed this week with plunging inflation, coupled with continuing historically low unemployment have resoudingly nailed the coffin for the Phllips curve. Many economic experts had been blaming high employment for inflation including Bidenomics's harshest critic, former Fed Chair Larry Summers, former Dallas Fed President of the Richard Fisher and current Minneapolis Fed President Neel Kashkari. they've been proven wrong.
How has the economy proven so resilient? The credit for this stunning economic recovery surely does not belong to the Fed; Bidenomics is proving to be the most impactful and transformative public investment program since FDR’s New Deal, with even Morgan Stanley acknowledging that economists broadly underestimated the positive effect of Bidenomics. The impact of legislative accomplishments is already working its way into the economy. The $1.2 trillion Infrastructure and Jobs Act is creating 15 million new jobs across all 50 states, with 80% of those jobs requiring no more than a high school diploma (not even including secondary downstream jobs such as in offices and retail services). Furthermore, the Infrastructure Act prioritizes buy-in-America sourcing, as well as union workers, further bringing well-paying industrial and manufacturing jobs back to America. The $738 billion Inflation Reduction Act is not only lowering costs for healthcare and energy but also investing $391 billion in clean energy technologies which will create millions of jobs across every geographic region. And the $500 billion CHIPS Act is securing and reshoring sensitive U.S. technological supply chains where we rely on East Asia for 75% of our chip supply and has catalyzed another $300 billion in private sector investment across dozens of new domestic semiconductor foundries. Incredibly, the array of Bidenomics economic recovery programs have enjoyed far greater bipartisan support than FDR’s at the time and took only three years to enact.
I’m listening to Meet the Press and according to Chuck Todd there is recent polling shown that 2/3rds of Americans feel they are doing better economically and that consumer confidence is high.
https://www.cbsnews.com/detroit/new...-feel-better-about-inflation-and-the-economy/ Consumer sentiment tracked by the University of Michigan rose 11% in July from the prior month, reaching its highest level since October 2021, according to a final reading of the month's data. That's a huge improvement from June 2022, when consumer sentiment fell to its lowest level on record and inflation reached a four-decade high of 9.1%. Americans' expectations for inflation rates in the year ahead inched up to a 3.4% rate, "well below the high point of 5.4% from April 2022 but above the 2.3%-3.0% range seen in the two years prior to the pandemic," according to a release. "Overall, the sharp rise in sentiment was largely attributable to the continued slowdown in inflation, along with stability in labor markets," said the University of Michigan's Director of Surveys, Joanne Hsu, in a release.
a resounding rebuke of the convenient claim by the 2nd harshest critic of Bidenomics, who had this grave prediction. Jamie Dimon, the CEO of JPM, says ‘brace yourself’ for a category 5 economic hurricane Jamie would do well to heed the recent study done by Morgan Stanley Morgan Stanley credits Bidenomics, in particular the Infrastructure Bill, for ‘much stronger’ than expected GDP growth fwiw, Jamie's criticism has been one of the sources of InvisibleFan's cut n paste posts of disjointed/contradictory piecemeal info on economic issues
