So, I just decided to look back at my Amazon orders because my son wants a gaming desk, and I bought one for my older one and wanted to see what size I got last time. I was shocked by the price difference. 2021: $132.99 2024: $55.99 Sometimes forget how crazy COVID pricing was. Really sucks that important things like housing & cars stayed crazy.
should have but didn't Kamala's campaign team dropped the ball reminiscent of the John Kerry dilema, in his presidential run, when the Viet Nam verteran was being swift boated by the campaign ads spinned by W, the draft dodger Kamala's campaign team dropped the ball, incapable of countering / neutralizing the disinformation
It's almost 2025 and I still would choose being a male without any doubt. I think the hard truth is things like traditions and religion made it so a bunch of mediocre and below men were average or above. I think things are far more meritocratic now. In the end, it's all about messaging. Biden's legislation was probably the biggest male jobs boom in decades, but both the Biden admin and Kamala campaigned had terrible messaging around it. Not to mention, the Trump admin is packing his admin full of status quo wall st and silicon valley characters..... but they convinced a bunch of folks they weren't.
As far as Bidenomics, tying to my comment above, it was a failure of messaging. 1) It was always going to take a couple of years to get that money into contractors and workers pockets. 2) It wasn't going to address much of the short term inflation issues from the distorted market due to Covid. 3) It really was more of a long term (decades) investment into infrastructure and supply chains. It's tough to do in 21st century media, but this type of legislation requires a messaging of patience and investing in the future. I don't think the Biden admin necessarily lied about the impact of these legislation, they just didn't sell it appropriately so they lost the narrative. I also think they dropped the ball by not adding a component to address housing shortage. In the end, it was mislabeled and improperly sold because these pieces of legislation are very important.
It's not about you or your hard truths. My point is about messaging from a party that claims to be "for the people" and complain about "idiots voting against their interests" when the other party made a gesture that they are seen and that Trump will work for their direct interests.
Trump will claim credit for "bidenomics" and the same right wing losers in this thread bashing Biden are suddenly going to a 180 and start worshipping him. Its the disingenuous bullshit that's annoying Trump will only work for his own interests. He doesnt give a **** about anyone else and never has
Its the same inflation that every developed nation dealt with. Not a single developed nation avoid massive inflation. The usa had the fastest recovery and lowest unemployment but median voter is a moron. Americans exposed themselves as morons
Vibes and lies work. Trump and Musk worked pretty hard to create a false image..... blue collar billionaires.....working for the people..... christ
link will work for everyone https://www.wsj.com/opinion/economy...e?st=LH82Da&reflink=desktopwebshare_permalink Trump, Biden and Animal Spirits Small business optimism climbs as Bidenomics departs. By The Editorial Board Dec. 11, 2024 at 5:47 pm ET If you want to understand the results of the recent presidential election, Tuesday offered an explanation in revealing split-screen. President Biden gave a speech praising his economic policy as a great and historic success. Meanwhile, NFIB released its latest monthly survey of small business sentiment showing that optimism soared in November—after Kamala Harris’s defeat. “After decades of trickle-down economics that primarily benefited those at the very top, we, we’ve written a new book that’s growing the economy—the middle-out and the bottom-up—that benefits, thus far, everyone,” Mr. Biden said at the Brookings Institution. Hmmm. If that’s true, then why did his Vice President lose the election, and why did voters say in every exit poll that they were so unhappy with Bidenomics? The short answer is inflation, which Mr. Biden tried to explain away as the result of the pandemic and supply-chain problems. He made no mention of his record spending or the Federal Reserve’s policies that monetized it. Another answer comes in the NFIB survey showing that its Optimism Index rose by eight points in November to 101.7. That followed 34 months of remaining below the 50-year survey average of 98. It’s the highest reading since June 2021. Of the 10 components in the index, nine increased and one was unchanged. Could this surge of optimism have anything to do with the election results? You make the call. The nearby chart tracks the NFIB index over time, starting in January 2019. It had soared after Donald Trump’s election in 2016 and stayed high until the pandemic hit. The optimism index popped back up briefly in spring 2021, but then fell into what you might call the Bidenomics trough. It has now jumped up again, as small business owners express renewed hope about the future. The optimism surge is especially notable for small business because Mr. Biden claims to favor the little guy. Ms. Harris campaigned specifically as a champion of small business, offering new subsidies. Yet the people who run those businesses seem delighted that Mr. Trump won a second term. To borrow the famous phrase from John Maynard Keynes, Mr. Trump’s victory has revived what he called the “animal spirits” of business. Those spirits have been dampened throughout the Biden Presidency by inflation, waves of regulation, antitrust barriers to merger efficiencies, and higher taxes. The Trump victory lifted the pall of uncertainty about the much higher taxes that Mr. Biden had proposed and Ms. Harris had endorsed. Those taxes would have hit small businesses especially hard, since many of them pay taxes at the individual rate. They’ve also benefited from the 20% income exclusion that was part of the 2017 tax reform that expires at the end of next year. Small businesses feel the burden of regulation more acutely than the Fortune 500 because they can’t as easily absorb the costs of compliance. None of this is a prediction that the next four years will be boom times. Some of the current exuberance may be related to ample credit conditions. As Wednesday’s consumer price index for November showed, inflation remains sticky at 2.7% and is up since September. The Fed may be repeating a mistake with rate cuts that will make higher rates necessary next year. Soaring asset prices could be in for a rude correction. Mr. Trump’s tariffs, if they are as broad as he is advertising, will add uncertainty and higher costs for business and consumers. A narrow GOP majority in Congress will also have to succeed in extending the pro-growth policies in the 2017 reform. But there’s no denying that Mr. Trump’s victory has unleashed animal spirits that the economy hasn’t seen in four long years. Appeared in the December 12, 2024, print edition as 'Trump, Biden and Animal Spirits'.
https://reason.com/2024/12/12/bidenomics-goes-out-with-a-whimper/ Bidenomics Goes Out With a Whimper There's a good reason Biden eventually stopped saying Bidenomics. Americans didn't like the results of his economic policies. PETER SUDERMAN FROM THE JANUARY 2025 ISSUE In the January 2025 issue of Reason, we're giving performance reviews of Joe Biden's presidency. Click here to read the other entries. President Joe Biden spent summer 2023 pitching voters on Bidenomics—how his policy agenda contributed to the American economy. Voter perceptions were gloomy: A majority rated Biden's handling of the economy as unsatisfactory. In summer 2022, inflation had hit a 40-year high, and prices remained elevated even after the rate of inflationary increase came down. Meanwhile, the Federal Reserve had begun to raise rates, making it much more expensive to finance homes, cars, and new construction. But Biden had a different story to tell. Three big pieces of legislation, he argued, had made the U.S. a roaring success and the envy of the postpandemic world. Biden wasn't just arguing that the economy was strong; he was arguing that it was strong because of his performance as president. Putting your name on something is a time-honored tactic for executives trying to make the case for themselves. But Biden's argument wasn't very convincing. First, there was the American Rescue Plan, a $1.9 trillion, deficit-financed, partisan grab bag of Democratic policy priorities and social supports, including checks for households making up to $150,000 a year, even as pandemic restrictions were receding. Second, there was the Build Back Better bill, which, after a long and drawn-out process, was eventually—and tellingly—renamed the Inflation Reduction Act. The name change amounted to little more than a politically motivated messaging gimmick. When the $900 billion bill passed in 2022, the public's chief economic worry was rising inflation. Yet few if any independent analysts believed the bill would do much to reduce rising costs. A year after the law passed, Biden even admitted that much of the bill's spending had nothing to do with inflation. Rather, it was a climate change bill, intended to spur green energy infrastructure with vast new spending. But that process would be slow at best. Among the law's provisions was a $7 billion fund for electric vehicle charging stations; by summer 2024, fewer than 10 stations had been constructed, and most states hadn't even filed plans for a build-out. Finally, there was the $280 billion CHIPS and Science Act, which provided subsidies to factories in hopes of spurring manufacturing employment. Among the most prominent beneficiaries of the subsidies was Taiwan Semiconductor Manufacturing Company Ltd., which got money to build a semiconductor fabrication facility in Arizona. But the company's retired founder threw cold water on the project, warning that American labor costs would render it inefficient. By 2024, the project had hit multiple delays, many due to labor shortages. Regulatory requirements such as on-site child care for workers contributed to the slowdown. For months Biden touted these bills in speeches across the country, with a focus on Rust Belt and Sun Belt manufacturing towns. But voter assessments of his economic performance kept declining. Eventually, Biden dropped the word Bidenomics from his repertoire. Bidenomics was a bust. The best one can say for Biden's handling of the economy is that he dutifully showed up to work. But the presidency isn't a punctuality test, and most voters weren't happy with the results.
how and when were the seeds for inflation planted? they were planted when Trump 1.0 started the ill-conceived trade war, in 2017, causing global supply chain bottlenecks, making it more expensive for goods and services. the inflationary spiral was further fueled by Russia's invasion of Ukraine.
Outside the propaganda bullshit, pandemic response from both presidencies contributed to at least 3 whole percentage points to inflation. 2022 study https://www.frbsf.org/research-and-...-us-inflation-higher-than-in-other-countries/ Inflation rates in the United States and other developed economies have closely tracked each other historically. Problems with global supply chains and changes in spending patterns due to the COVID-19 pandemic have pushed up inflation worldwide. However, since the first half of 2021, U.S. inflation has increasingly outpaced inflation in other developed countries. Estimates suggest that fiscal support measures designed to counteract the severity of the pandemic’s economic effect may have contributed to this divergence by raising inflation about 3 percentage points by the end of 2021. Something something trillions dollar stimulus, something something money supply.
if only you have the capacity to grasp the nuance of that economic letter the report reads " as of the end of 2021, pandemic response may have raised at least 3% to inflation" the conclusion remark was we argue that, among other reasons explored by the literature, the sizable fiscal support measures aimed at counteracting the economic collapse due to the COVID-19 pandemic could explain about 3 percentage points of the recent rise in inflation. However, without these spending measures, the economy might have tipped into outright deflation and slower economic growth, the consequences of which would have been harder to manage.
"Goes out with a whimper" lol they just successfully blocked the first grocery merger in American history but who cares when you're a loser huh
All these same MAGATs are going to try to take credit for the manufacturing boom happening right now. These folks have no shame If you take out covid spending Trump added more than 3 trillion dollars of debt. His tax cut extension scam will cost another 4 trillion. Who cares right when Republicans add to the debt huh
