[Educational Post] The problem that we've got right now is that the Fed wants to put the brakes on inflation through higher interest rates, yet the Biden White House is spending like drunken sailors. $200 billion to Ukraine, billions to student loan forgiveness, billions to Israel, billions for green energy fantasies... and this truly historic level of spending is counteracting what the Fed is trying to do with rates. The Fed is trying to bring DOWN inflation. Biden's policies have increased inflation... and the cost of food, rent, clothes, baby supplies, etc. So there is a reasoning for linking White House policy to the Fed policy -- to prevent what we are seeing now... which is a rapid degradation in the quality of life of the lower and middle classes. The Fed is forced to keep rates high because of Biden's spending profligacy. And those high rates are what's keeping many of you reading this today from being able to afford housing.
So an economy that still created 175,000 jobs with still under 4% unemployment and a stock market rally is ice cold?
that would be Reagan and W. Reagan increased the debt level by 186% W increased the debt level by 105% when Trust fund baby Trump was fired as POTUS, the debt level was 40% higher than when he was hired by comparison, Biden has increased the debt level by 17%, the lowest level of increase, by a POTUS, since LBJ in the late 1960s; details provided by post # 2142 from the previous page
dizzying height of willful ignorance. under Biden, unemployment is below 4% for the 7th or 8th consecutive month; the lowest under the Trump admin was in the high 4% job created was 175K, vs estimate of 225K: this marks the 42 consecutive months of positive job creation over 100K jobs whileTrump has been the only POTUS who had realized a net loss in job creation during his tenure, so far, with another 9 months to go, The Biden Admin Has Created 15 Million Jobs.
According to you donks bidenomics has failed even though red states are deploying more renewables than anyone else. More green tech manufacturing is being deployed to red states than literally any country in the world minus china. Texas nd Florida are literally overlapping Europe as we speak Bidens subsidies are literally transforming America regardless how much you hate him. Results speak for themselves
GDP continues to grow, robust job creation every month since taking office, unemployment at historic low. a convenient spin by an economic illiterate a considered opinion offered by a professional economist, As reported by Bloomber Federal Reserve Bank of Richmond President Thomas Barkin said he expects high interest rates to eventually cool US inflation to the central bank’s 2% target. Barkin said Monday the strength of the labor market offers the Fed time to gain confidence that inflation is moving sustainably lower before cutting borrowing costs. But he cautioned that there still is risk that continued housing and services inflation will keep price gains elevated. another words, SpaceGhost, the slowing labor market could take pressure off inflation and encourage officials at the Federal Reserve to cut interest rates, putting downward pressure on borrowing costs for all kinds of loans.
You're too honest for these trolls. They don't care about facts or truth. They just wanna spin whatever they see on Twitter. It's quite sad how we have grown adults with the iq of a donkey cosplaying as geniuses
another words, SpaceGhost, fwiw, some notable Fed Chair were given apt nicknames Greenspan's Moniker was "irrational exuberant Alan", Ben Bernahke's was helicopter Ben At this rate, Powell's will likely be "soft-landing" Jerome or " the Captain Sully of Central Bankers"
@rocketsjudoka like I told you in the other thread. Americans are the dumbest electorate on planet earth. Pure morons
The question is also "infrastructure and job creation". Be interesting to see the result if it was just "infrastructure".
Trump was the only president with negative job growth. He literally didn't create any jobs. That makes Americans just as dumb
