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It's a matter of Bidenomics!

Discussion in 'BBS Hangout: Debate & Discussion' started by adoo, Jun 28, 2023.

  1. adoo

    adoo Member

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    ur using words that you don't understand.

    just so that you understand,
    "supply" is not the same as "supply chain"​

    the trade war led to supply chan bottlenecks---meaning less goods are being distributed to consumers---which led to inflation.
     
  2. astros123

    astros123 Member

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    There *never* was supply for next generation tech. We didn't manufacture solar panels, batteries, critical mineral processing, etc. These were all out sourced to China and Asia which is why @AroundTheWorld and others have to pay huge premiums for solar.

    I don't think folks realize we didn't manufacture any solar panels before covid. We were slaves to China. Trickle down economics made us reliant on China and nothing more
     
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  3. pgabriel

    pgabriel Educated Negro

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    How do you make supply without the material?

    The inflation didn't get bad until after the pandemic, and it got much worse after Russia invaded Ukraine
     
  4. adoo

    adoo Member

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    it is too bad that Traitor_George doesn't understand that the chip act / infrastructure act lead to efficiency and promotes innovation.


    for the education of Traitor_George
     
  5. DatRocketFan

    DatRocketFan Member

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    goes to show right wingers hate biden so much that even when it benefits them, they have to spin it in a way hes harming the nation.

    I am not surprised the same stupid party that sells trickledown economics is triggered that biden economics is actually helping the nation
     
    astros123 likes this.
  6. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking
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    How can anyone look at this economy and conclude that this Administration's policies are helping?

    1. Excess fiscal stimulus from the COVID "crisis" led to rampant cost inflation. This is pummeling low income families as groceries and the bare essentials have skyrocketed in cost. Wages have not kept up with cost inflation.
    2. Fuel costs have been on a roller coaster because Biden provoked Russia into war and simultaneously tried to strangle the domestic energy industry with climate change regulatory insanity.
    3. Housing is no longer affordable for middle income and below.
    4. The stock market was down significantly last year.
    5. A recession is forecasted which caused the Fed to stop raising interest rates
    6. We've wasted over $100 billion of taxpayer dollars in Ukraine, probably because Biden's family accepted millions of dollars in bribes from them.
    This economy would be roaring if we simply returned to conservative economic principles. The business community laughs at the Democrats' misguided policies on the economy.
     
  7. astros123

    astros123 Member

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    No matter how many braindead conspiracies you spew none of it makes any of it true. No country in the world has lower inflation and more growth than America since biden came into office. None.

    Since when did right wingers become so clueless.
     
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  8. adoo

    adoo Member

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    Trump's ill-conceived trade war has been the major contributor to cause supply chain bottlenecks, increasing the cost of good, ex-gasoline.
    1. no different when Trump was president
    2. the stock market is up close to 12% so far this year
    3. Biden saw it, that why he worked hard to pass these stimulus bills to counter the recessionary pressure
    • inflation reduction act
    • chip act
    • infrastructure act
    you do understand that the Trump presidency has been the only one to have negative job growth
     
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  9. pgabriel

    pgabriel Educated Negro

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    Fuel costs rose because of Russian invading Ukraine. They are not on a roler coaster. They went up, they've come back down. The fed policy on raising rates has been successful since there hasn't been a recession as everyone predicted.and they're no longer raising rates

    God bless Ukraine
     
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  10. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking
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    This is so dishonest -- you have no credibility. Trump's final months were marred by the absolutely insane shutdown policies that the liberals implemented in blue states. Absolute insanity which wrecked the economy and shut down commerce. Trump's policies created the greatest bull market we've seen in a long long time. Liberals ruined it at the end with their overreaction to COVID.

    No offense, but you are not qualified to talk economics or fiscal policy. Your knowledge is limited to bumper sticker superficiality.
     
  11. SamFisher

    SamFisher Contributing Member

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    Tomorrow AM on Fox & Friends:

    Was the best economy of your lifetime under Biden or Clinton? An investigation.
     
  12. adoo

    adoo Member

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    bluntly put, Traitor George, to borrow a quote from Bobby Knight,

    i've forgotten more about economics that you ever gonna learn​
     
  13. astros123

    astros123 Member

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    Don't tell these trumpers facts cuz their allergic to it. They live off braindead conspiracies
     
  14. davidio840

    davidio840 Contributing Member

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    Soo. I’m projecting willful ignorance by giving you basic, well known, data.. Meanwhile you’re saying there’s great job growth coming out of the “great resignation” phenomenon?

    Are you implying people didn’t work because they got more government handouts during a pandemic? Thus, the great resignation? Or are you stating a large amount of baby boomers retired willingly (or here’s a package, take it or you’re gone by the end of the week)?

    What jobs were not being refilled during your “phenomenon”? Here’s your answer.. it was labor.

    Guess what? Those jobs were depleted during Covid because those jobs require the person to be at the plant, warehouse, restaurant, etc. to do their job.. hence being paid hourly and get overtime pay in most cases. They can’t sit at home on their laptop and get paid a salary while watching cartoons pretending to know microeconomics.

    We don’t live in China. Stop projecting your willful ignorance. Good day!
     
  15. dmoneybangbang

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    While I get your overall point, but Biden did continue to toss more stimulus at the issue as a matter of policy. Perhaps a donkey could articulate that somehow but the legislation that followed would actually require someone with some pretty good legislative skills. Biden did follow up the Covid stimulus with industrial policy with trillions over the coming the decade.
     
    #55 dmoneybangbang, Jun 29, 2023
    Last edited: Jun 29, 2023
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  16. davidio840

    davidio840 Contributing Member

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    Trumpers are as stupid as far left liberals.. Resorting to calling anyone that disagrees with you a trumper is a weak ass take man. The reality is this.. oil production is the highest in the last few years due to **** foreign policy. I personally don’t disagree with it as I have several investments in the industry. They always do well when a democrat is in office. Crazy eh?
     
  17. astros123

    astros123 Member

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    Huh? Care to explain
     
  18. astros123

    astros123 Member

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    Don't forget biden's stimulus included a restaurant protection program that the SBA said saved over 20k small business alone.... the stimulus had over 500b for state and local government which then hired over a million people over the next 16 months......

    The CBO didn't predict full employment till 2025 before the stimulus was passed. Policy matters
     
  19. pgabriel

    pgabriel Educated Negro

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    I don't really understand what you're saying as far as your point but production can easily be ramped up everywhere because of frankingand directionalwhich you probablyunderstandmore thanme.

    Because of franking we're an exporter. The oil game is completely different. It just took a little time after the boycott of Russian oil began but when supply falls and prices rise, it will be a matter of time before supply is corrected
     
  20. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking
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    "Saved them" from the disastrous policies that they themselves enacted which shut down businesses! Oh my. You saved me from the wound that you caused me! Heroic.
     

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