In Biden's first year, GDP growth reach a 37-year high

Biden is too good for the economy and now wages are going up.

 

Good for him. Trumps lockdowns sucked in 2020

 

Gotta get that..
#bidenboom

 

This post by the OP feels like a straight up propaganda. CCP style. Lol
Cool story brah. Bidenomics are so great. Bwahahaha!

 

How many people will actually be made aware of this?

 

This fukking senile traitor will soon be impeached. He betrayed the American people by having our Southern border wide open, flying illegals and dumping them all across the country, letting more and more Fentanyl into our lands to kill more Americans.

Don’t fall for this garbage propaganda posted by a known CCP clown here.

 

This is an important message that overall the economy is very strong. That doesn't mean there aren't problems and inflation is a problem. Inflation though is a natural outgrowth from rapid economic growth and is compounded by that supply chains aren't back. That largely is out of Biden's hands but if globally COVID can finally get under control should start seeing supply chains easing.

 

Im sure fox will be all about it

 

You need to seek professional help.

 

Good time to bring this up.

Yellen explains Biden's economic policy - "modern supply-side economics" and contrasts that with Keynesian and traditional supply-side approaches. In a nutshell, it's a middle-of-the-ground approach that focuses on all areas, particularly in infrastructure, R&D, sustainability, education, labor force, human capital, etcs.

Contrast that to the traditional supply-side policy that only cares about one side and their only solution has been tax cuts and deregulation. Decades of that policy yielded little growth while accelerating inequality.

Remarks by Secretary of the Treasury Janet L. Yellen at the 2022 'Virtual Davos Agenda' Hosted by the World Economic Forum | U.S. Department of the Treasury

Let me start with where I see the U.S. economy right now. By most traditional metrics, the pace of our current recovery has exceeded even the most optimistic expectations. That’s due in large part to rapid vaccine deployment and the robust support to families, businesses, and state and local governments provided by the American Rescue Plan. This is the kind of recovery that President Biden set out to deliver when he took office last year.

Now let me turn to economic policy. I will use the term “modern supply side economics” to describe the Biden Administration’s economic growth strategy, and I’ll contrast it with Keynesian and traditional supply-side approaches.

The American Rescue Plan, enacted into law in March 2021, ensured that aggregate demand would return the economy to full employment—which was appropriate at that time in response to the crisis. In this respect, the Biden strategy was similar to the “Keynesian approach” championed, for example, by the Obama Administration in the aftermath of the Global Financial Crisis and embodied in earlier stimulus packages enacted to combat previous downturns.

What we are really comparing our new approach against is traditional “supply side economics,” which also seeks to expand the economy’s potential output, but through aggressive deregulation paired with tax cuts designed to promote private capital investment. It is, unquestionably, important to properly implement regulation and maintain a pro-growth tax code, but they are not sufficient and can often be overdone. Modern supply side economics, in contrast, prioritizes labor supply, human capital, public infrastructure, R&D, and investments in a sustainable environment. These focus areas are all aimed at increasing economic growth and addressing longer-term structural problems, particularly inequality. The recently enacted Bipartisan Infrastructure Bill and the Build Back Better legislation that remains under consideration in Congress incorporate this modern supply side approach.

Our new approach is far more promising than the old supply side economics, which I see as having been a failed strategy for increasing growth. Significant tax cuts on capital have not achieved their promised gains. And deregulation has a similarly poor track record in general and with respect to environmental policies—especially so with respect to curbing CO2 emissions.

Moreover, this approach has deepened disparities in income and wealth by shifting the burden of taxation away from capital and towards labor. As Daron Acemoglu and Pascual Restrepo found, capital-based automation has also played a role—and perhaps the major role—in widening educational wage gaps between 1980 and 2016.

A country’s long-term growth potential depends on the size of its labor force, the productivity of its workers, the renewability of its resources, and the stability of its political systems. Modern supply side economics seeks to spur economic growth by both boosting labor supply and raising productivity, while reducing inequality and environmental damage. Essentially, we aren’t just focused on achieving a high topline growth number that is unsustainable—we are instead aiming for growth that is inclusive and green.

The economic moment is well-suited to accommodate such a modern supply side expansion. Potential GDP in the United States is constrained by a declining labor force. And with few exceptions, productivity growth has been sluggish since the late 1970s. We have underinvested in public infrastructure, and in education and training for children and all those who have not sought a four-year college degree. This underinvestment has widened the gap in earnings between highly skilled workers and those who lack a college degree—a gap that has relentlessly increased since the late 1970s.

Importantly, the Biden Administration’s economic strategy embraces, rather than rejects, collaboration with the private sector through a combination of improved market-based incentives and direct spending based on empirically proven strategies. For example, a package of incentives and rebates for clean energy, electric vehicles, and decarbonization will incentivize companies to make these critical investments.

...

 

Yeah, said the Chinese spy who’s pushing the propaganda of his dear leader WinnieTheFlu. Care to address the Chinese made Fentanyl coming across my Southern border from your motherland? The liberals here in this forum may be blind to your game but not me. I know damn well what you’re trying to do to weaken us to serve your CCP.

 

I agree you should if you’re believing in this propaganda by the OP and the traitor- in chief who’s in charge at the moment.

 

Awesome scene man. That movie is great