Whats your obsession with me dude you're a fking weirdo. I've had you on ignore for months now yet you follow me around like a stripper begging for a dollar. If you wanna talk **** I live in Denmark. DM when you're here. Back to ignoring you now
Because during one of your. may meltdowns you went nuts when I said I wasn't voting for Biden. Lol at telling me to fly to Denmark to fight you. You're the weirdo and everyone points it out. You have an anger problem
as the only post WW2 admin, in its first term, to have generated positive job growth---avg >100K---for 48 consecutive months. also, the only admin to have seen unemployment dip below 4% reduced inflation from just below 9% to the low 3% during Trump 1.0, inflation increased slightly and unemployment never dipped below 4%
Something something something US economic growth and employment outpaced our peers. We could have gone your route and have had higher unemployment for longer and lower economic growth for longer.
The response is still a deflection from where the inflation happened and to what extent. You seem to follow social norms. If you dispute the findings of one source, then give an alternative source explaining where that inflation came from and to what extent in percentages. Nice to have would be something as reputable as a regional fed. Maybe it's just me but that's a way better debate than propagandizing "greedflation" and supply chain bottlenecks every time this comes up despite services inflation continuing to be at problem for the past three years.
Your article seems to be agreeing with me… And your article is from 2022 so it doesn’t go into inflation past that or really address why grocery stores are having record profits. The whole point of the stimulus was to STIMULATE the economy so we had higher inflation, higher employment, and higher economic growth. Countries that didn’t STIMULATE like the US had lower inflation (but still higher than pre COVID), lower economic growth, and lower employment. Edit: You should look into Biden stimulus legislation. It wasn’t just helicopter money dumped into the economy. A chunk of it went to plugging state and municipal deficits plus infrastructure and other programs municipalities and states decide to fund. It was spread out over years.
Have you taken the time to actually read and understand the article from 2022? You must be busy making a reply..... Meanwhile here's an article from more recently..... 2024: ‘Greedflation’ caused more than half of last year’s inflation surge, study finds, as corporate profits remain at all-time highs You seem to follow this rigid ideology of fed bad, gubment spending bad. The world is more complicated than you post. Clearly corporations would never chase greater profits.
Biden has been an amazingly good President. The **** show coming over the next 4 years is going to hurt American's and it is those that voted for it's fault. The billionaires will become a bigger and bigger target as income disparity grows....I predict the UHC CEO won't be the last victim of an angry populace. DD
This has to be satire. You only like him because he's a Democrat. He didn't even know where he was most of the time and chose the worst VP ever
Corporate profits drove 53% of inflation during the second and third quarters of 2023 and more than one-third since the start of the pandemic, when analyzing Commerce Department data. That’s a massive jump from the four decades prior to the pandemic, when profits drove just 11% of price growth.
stupidity is using an outdated less-than-comprehensive summary as being gospel, for the education of the ill-informed parrot, invisible, this cursory letter by the SF Fed was written before the passabe of the Inflation Reduction Act, in 2022, the Biden Admin passed The Inflation Reduction Act , which was enacted to reduce the federal government budget deficit, lower prescription drug prices, and invest in domestic energy production while promoting clean energy. as it relates to prescription drug prices, the law contains provisions that cap insulin costs at $35/month and will cap out-of-pocket drug costs at $2,000 for people on Medicare lower prices, including Medicare negotiation of drug prices for certain drugs (starting at 10 new ones per year by 2026, increasing to more than 20 additional ones per year by 2029 and rebates from drug makers who price gouge subsequent to that 2022 article, there has been many Fed papers addressing the reasons why the Fed was able to help reduce inflation from 9% to the low 3% range Fed's aggressive rate hike easing supply chain disruptions and a decline in gasoline price why did Invisible ignore the more recent articles by the SF Fed
https://www.city-journal.org/article/blue-collar-workers-reject-bidenomics Why the Working Class Rejected Bidenomics Blue-collar and nonprofessional voters understood that Democratic economics supported college-educated elites. Judge Glock Dec 15 2024 Since the election, commentators have pondered why the Biden administration’s left-wing and pro-union economic policies failed to win over working-class Americans. Many argued that Democrats’ cultural radicalism turned off those who would otherwise have embraced Bidenomics. While these voters were certainly angered by Democrats’ leftward turn on issues ranging from crime to gender ideology, they were at least as dismayed by the party’s economic policies. Even beyond the detrimental impact of inflation, nonprofessional Americans saw that the Left’s programs were not taking their concerns into account. Bidenomics was a big-government program, but it aimed to benefit a well-educated elite, not blue-collar workers and those of modest means. These Americans noticed. Consider President Biden’s student-loan-forgiveness program. Though the Supreme Court struck down his larger plan, by election time Biden had successfully forgiven more than $175 billion in loans—over a tenth of all outstanding federal student debt. These subsidies for the college-educated were his most important executive effort; Vice President Kamala Harris pledged to continue student loan relief if elected. The so-called Inflation Reduction Act was another bid to appeal to the well-educated. The law devoted hundreds of billions of dollars to support these voters’ climate obsessions and spending habits—for instance, by subsidizing electric vehicles. Far from being a populist giveaway, more than half the act’s estimated costs came from tax incentives to green corporations. This spending undermined workers in traditional hard-hat industries, such as automotives and fossil fuels. Biden’s policies benefited industries with workers more likely to hold college degrees. The CHIPS and Science Act, for example, directed tens of billions of dollars in grants and subsidies to the semiconductor industry. With 25 percent of its members holding graduate degrees, the semiconductor workforce is much better educated than the general population. The industry estimated that the act will create jobs for tens of thousands of Ph.D., master’s, and bachelor’s degree holders. Biden also oversaw significant growth in the federal workforce, whose employees are more likely to have attended college: 66 percent of federal employees hold a bachelor’s degree, compared with just 43 percent of private-sector workers. State- and local-government employees are similarly well-educated. Biden’s American Rescue Plan Act directed a whopping $350 billion to these governments, in large part with the goal of protecting and providing “premium pay” to their workers. The Biden administration hoped that expanding union power would entice the working class, but it didn’t work. One reason why is that today’s unions are not the blue-collar bastions of previous generations. Half of union workers are government employees, and nearly half have bachelor’s degrees. Americans encountering a union today are more likely to find a group dedicated to the interests of white-collar people—professors, graduate students, teachers, doctors, airline pilots, sports professionals, lawyers, or government officials—than to those of manual laborers. The media may have missed the changing constituencies and priorities of left-wing groups, but non-college-educated voters didn’t. An Economic Innovation Group poll found that such respondents viewed unions less favorably than did college graduates. Another survey, which asked how respondents would prefer to reduce the federal deficit, found that those in the working class showed the strongest preference for government spending cuts rather than tax hikes. The same poll revealed that respondents across income groups showed the greatest support for cutting green programs and higher education/student loan subsidies, two areas that the Biden administration focused most on expanding. Despite frequently heard claims that the working class was moved by cultural rather than economic issues, New York Times polling revealed that the non-college-educated were more likely than the college-educated to identify the economy and inflation as their top concerns. An Ipsos poll similarly found that those without college degrees were more likely to identify inflation or cost of living as the most important issue facing the country than were those with a bachelor’s degree. They were nearly twice as likely to do so as those with a master’s or higher degree. Commentators who claim that voters are no longer moved by pocketbook issues are parroting an elite view. These pundits assume that Democrats’ economic policies enjoy popular approval, and that the party’s flagging support from blue-collar workers must be driven by social concerns. On the contrary, pocketbook issues continue to be definitive, but Democrats’ economic agenda is tailored to their new base: the educated managerial class. It’s no surprise that blue-collar voters are looking elsewhere.
there you go again OT, spreading false narratives, diverting attention away from GOP's catering to the top 1% earners these working class voters overwhelming rejected agent orange in 2020; one of the reasons was that Trumponomics caters to the top 1% earners. case in point, the Trump tax cut, placeing more tax burden on the middle class to support the top 1%
Decade long blanket immunity to son, Pardoning kids for cash criminals, leading to probably one of the greatest economic setbacks for everyday Americans, world wide instability if you’re an idiot Vspan fanboi like DD or soy boy like samfisher sure you’ll be oblivious to the worst president of all time
