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  3. Bidenomics’ critics are being proven wrong. Just a reality check for nut jobs.

Bidenomics’ critics are being proven wrong. Just a reality check for nut jobs.

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  • Canton Dawg Canton DawgC Conversation Starter Dedicated Very Popular Posting Machine Collaborator First Post Reacting Well Week One Done One Month Later One Year In
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    Canton DawgC Canton Dawg wrote on last edited by
    #6

    When you have historically high inflation, interest rates, and a tanking stock market, ANY improvement will look good.

    Its just basic math.

    Two things that will define you: Your determination when you have nothing. Your attitude when you have everything. - Mike McCartney
    MLD WoodyM 1 Reply Last reply
    Quote Reply
    • F FY56

      @cccjwh said:

      Sorry I'm going by the numbers.  ?

      Many of Cals links also include numbers.

      Never has my old lady bitched so much about grocery store prices. Thats all the evidence I need. I don't need your numbers.

      Hell, I was shocked at a quote for $19,000 to install a new driveway. Turns out the cost of cement had quadrupled within the last 3 years. I don't need your stinkin numbers. You don't have to show me your stinkin numbers.

      MLD Woody MLD WoodyM Dedicated Conversation Starter Very Popular First Post Collaborator Posting Machine Reacting Well One Month Later One Year In Week One Done
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      MLD WoodyM MLD Woody wrote on last edited by
      #7

      @fy56 said:

      Many of Cals links also include numbers.

      Never has my old lady bitched so much about grocery store prices. Thats all the evidence I need. I don't need your numbers.

      Hell, I was shocked at a quote for $19,000 to install a new driveway. Turns out the cost of cement had quadrupled within the last 3 years. I don't need your stinkin numbers. You don't have to show me your stinkin numbers.

      "I don't need your stinkin facts or statistics or experts or book learnin! It's snowing where I live so mmgw is a lie!!!"

      Brilliant stuff

      Ja.brill Peppers - Cleveland Brown OldBrownsFan, on 02 Jun 2017 - 5:09PM said: "No you are not the work of the devil but you are deceived by the devil." Who's got it better than us? Nooooobody!
      F 1 Reply Last reply
      Quote Reply
      • Canton DawgC Canton Dawg

        When you have historically high inflation, interest rates, and a tanking stock market, ANY improvement will look good.

        Its just basic math.

        MLD Woody MLD WoodyM Dedicated Conversation Starter Very Popular First Post Collaborator Posting Machine Reacting Well One Month Later One Year In Week One Done
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        MLD WoodyM MLD Woody wrote on last edited by
        #8

        @canton-dawg said:

        When you have historically high inflation, interest rates, and a tanking stock market, ANY improvement will look good.

        Its just basic math.

        Some of those numbers are the lowest in 50 years, so your comment doesn't hold up

        Ja.brill Peppers - Cleveland Brown OldBrownsFan, on 02 Jun 2017 - 5:09PM said: "No you are not the work of the devil but you are deceived by the devil." Who's got it better than us? Nooooobody!
        Canton DawgC 1 Reply Last reply
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        • MLD Woody MLD WoodyM Dedicated Conversation Starter Very Popular First Post Collaborator Posting Machine Reacting Well One Month Later One Year In Week One Done
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          MLD WoodyM MLD Woody wrote on last edited by
          #9

          Also, just to add. I think every president gets too much credit / blame for the economy. We're still feeling global waves from the pandemic, actions take years to make a difference, etc. Administrations can certainly hurt or help, but it's all overplayed. 

          Ja.brill Peppers - Cleveland Brown OldBrownsFan, on 02 Jun 2017 - 5:09PM said: "No you are not the work of the devil but you are deceived by the devil." Who's got it better than us? Nooooobody!
          1 Reply Last reply
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          • cccjwh cccjwhC Reacting Well Dedicated Conversation Starter Very Popular Posting Machine Collaborator First Post One Year In One Month Later Week One Done
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            cccjwhC cccjwh wrote on last edited by cccjwh
            #10

            Like I said. The numbers. 4/6 indicators are good to great with two being ok. I will sit back and enjoy your memes and insults. Maybe post a link to Trumper humper talking about how bad it is or something.

            The 6 Signs of an Economic Recovery (investopedia.com)

            1.       Employment

            2.       Consumer Spending

            3.       Consumer Sentiment (confidence)

            4.       Business Indicators

            5.       Bank Lending

            6.       Shipping Activity

            Employment

            image.png.b4c374a161b81edf503c93666397a223.png

            Unemployment under 4% for 16 months straight. Include the lowest rate in 50 years.

            The Employment Situation - June 2023 (bls.gov)

            Consumer Spending

            Consumer spending jumped by 4.2 percent at the beginning of the year but has moderated since then, rising by 1.6 percent in the most recent quarter. 

            image.thumb.png.6ab851cb2760a031c1bc88ce21943641.png

            Consumer Sentiment (confidence)

            Continues to recover.

            image.png.b06bd6bcce0ca6288236125884d291a0.png

            Business Indicators PMI

            US ISM Manufacturing PMI (ycharts.com)

            image.thumb.png.c1431315356976c9c718fdc98ffea717.png

            Bank Lending

            Loans and Leases in Bank Credit, All Commercial Banks (LOANS) | FRED | St. Louis Fed (stlouisfed.org)

            image.thumb.png.241e532b4f4759ef2ff14eaadae5e7b1.png

            Shipping Activity

            Looks like UPS is going to strike, so you haters still have a chance.

            https://www.trucking.org/news-insights/ata-truck-tonnage-index-increased-21-june

            image.png.d0febffe30efeb1e25aca91e46775a72.png

            Lets me go ahead and add.

            Wages growth is now outpacing inflation.

            Wage growth vs inflation U.S. 2023 | Statista

            image.png.a68ff145e7c6ef61a7aad67c471a4889.png

            Stock markets

            The S&P 500 stock index and the Dow Jones Industrial Average continued to rise since we last calculated the change in late April. The S&P is now up 20.2% since Biden took office, and the Dow, made up of 30 large corporations, has increased 14.8%, as of the close of the markets on July 26.

            The NASDAQ composite index, made up of more than 3,000 companies, was still down at our last update, but its continued growth this year now puts it up just 7% under Biden.

            Biden's Numbers, July 2023 Update - FactCheck.org

            image.png

            1 Reply Last reply
            Quote Reply
            • F FY56

              @cccjwh said:

              Sorry I'm going by the numbers.  ?

              Many of Cals links also include numbers.

              Never has my old lady bitched so much about grocery store prices. Thats all the evidence I need. I don't need your numbers.

              Hell, I was shocked at a quote for $19,000 to install a new driveway. Turns out the cost of cement had quadrupled within the last 3 years. I don't need your stinkin numbers. You don't have to show me your stinkin numbers.

              cccjwh cccjwhC Reacting Well Dedicated Conversation Starter Very Popular Posting Machine Collaborator First Post One Year In One Month Later Week One Done
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              cccjwhC cccjwh wrote on last edited by
              #11

              @fy56 said:

              Many of Cals links also include numbers.

              Never has my old lady bitched so much about grocery store prices. Thats all the evidence I need. I don't need your numbers.

              Hell, I was shocked at a quote for $19,000 to install a new driveway. Turns out the cost of cement had quadrupled within the last 3 years. I don't need your stinkin numbers. You don't have to show me your stinkin numbers.

              Old lady too stupid to understand inflation is global and we are far from the worse. 

              F 1 Reply Last reply
              Quote Reply
              • cccjwhC cccjwh

                I know you nut jobs must have missed it, but "It's The Economy Stupid". Lots of good news. You guys keep praying for a recession.

                Bidenomics’ critics are being proven wrong. Happy days are here again | Fortune

                The U.S. economy is now pulling off what all these experts said was impossible: strong growth and record employment amidst plummeting inflation. And just as importantly, thanks to Bidenomics, the fruits of economic prosperity are inclusive and broad-based, amidst a renaissance in American manufacturing, investment, and productivity.  

                Consider some of the headline economic statistics released the last few days, on top of the GDP release. At 3%, inflation is now at its lowest since the pandemic, down from its peak of nearly 10% of last year. Commodity prices have plummeted by at least 50% across the board, ranging from energy, food, agriculture, and metals. Some such as lumber are down a stunning 95% in a year. Even gasoline prices, which have ticked up slightly in the last few weeks, are now lower than pre-Ukraine conflict levels.

                Meanwhile, the unemployment rate of 3.7% is at a 54-year low, and the unemployment rate has stayed below 4% for the longest stretch in the last 50 years despite the Fed raising interest rates from 0 to 5.5% in a year. The last time this nation saw such good employment news, LBJ was the President and Bonanza was the top show on TV. In almost every major sector, real wages are now growing faster than pre-pandemic with record workforce participation, amidst millions of new and returning workers–partially thanks to the workforce training, education, and childcare policies that are core pillars of Bidenomics.

                Bidenomics spurred stronger GDP growth: Morgan Stanley (cnbc.com)

                WASHINGTON — Morgan Stanley
                 is crediting President Joe Biden’s economic policies with driving an unexpected surge in the U.S. economy that is so significant that the bank was forced to make a “sizable upward revision” to its estimates for U.S. gross domestic product.

                Biden’s Infrastructure Investment and Jobs Act is “driving a boom in large-scale infrastructure,” wrote Ellen Zentner, chief U.S. economist for Morgan Stanley, in a research note released Thursday. In addition to infrastructure, “manufacturing construction has shown broad strength,” she wrote.

                Where did it all go right for Biden? Facts blunt Republican attack lines | Joe Biden | The Guardian

                https://twitter.com/MeidasTouch/status/1682104033589469185?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1682104033589469185%7Ctwgr%5Edf116d3398df8f1f5976822aa956fed917fc745d%7Ctwcon%5Es1_&ref_url=https://247sports.com/nfl/cleveland-browns/board/105290/Contents/clarence-thomas-207932653/?page=23M213427725

                Canton Dawg Canton DawgC Conversation Starter Dedicated Very Popular Posting Machine Collaborator First Post Reacting Well Week One Done One Month Later One Year In
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                Canton DawgC Canton Dawg wrote on last edited by
                #12

                @cccjwh said:

                I know you nut jobs must have missed it, but "It's The Economy Stupid". Lots of good news. You guys keep praying for a recession.

                Bidenomics’ critics are being proven wrong. Happy days are here again | Fortune

                The U.S. economy is now pulling off what all these experts said was impossible: strong growth and record employment amidst plummeting inflation. And just as importantly, thanks to Bidenomics, the fruits of economic prosperity are inclusive and broad-based, amidst a renaissance in American manufacturing, investment, and productivity.  

                Consider some of the headline economic statistics released the last few days, on top of the GDP release. At 3%, inflation is now at its lowest since the pandemic, down from its peak of nearly 10% of last year. Commodity prices have plummeted by at least 50% across the board, ranging from energy, food, agriculture, and metals. Some such as lumber are down a stunning 95% in a year. Even gasoline prices, which have ticked up slightly in the last few weeks, are now lower than pre-Ukraine conflict levels.

                Meanwhile, the unemployment rate of 3.7% is at a 54-year low, and the unemployment rate has stayed below 4% for the longest stretch in the last 50 years despite the Fed raising interest rates from 0 to 5.5% in a year. The last time this nation saw such good employment news, LBJ was the President and Bonanza was the top show on TV. In almost every major sector, real wages are now growing faster than pre-pandemic with record workforce participation, amidst millions of new and returning workers–partially thanks to the workforce training, education, and childcare policies that are core pillars of Bidenomics.

                Bidenomics spurred stronger GDP growth: Morgan Stanley (cnbc.com)

                WASHINGTON — Morgan Stanley
                 is crediting President Joe Biden’s economic policies with driving an unexpected surge in the U.S. economy that is so significant that the bank was forced to make a “sizable upward revision” to its estimates for U.S. gross domestic product.

                Biden’s Infrastructure Investment and Jobs Act is “driving a boom in large-scale infrastructure,” wrote Ellen Zentner, chief U.S. economist for Morgan Stanley, in a research note released Thursday. In addition to infrastructure, “manufacturing construction has shown broad strength,” she wrote.

                Where did it all go right for Biden? Facts blunt Republican attack lines | Joe Biden | The Guardian

                https://twitter.com/MeidasTouch/status/1682104033589469185?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1682104033589469185%7Ctwgr%5Edf116d3398df8f1f5976822aa956fed917fc745d%7Ctwcon%5Es1_&ref_url=https://247sports.com/nfl/cleveland-browns/board/105290/Contents/clarence-thomas-207932653/?page=23M213427725

                That’s rich! ???

                Please tell me what in the hell the U.S. Government has to do with private sector employment?

                I’ll save you the time….NOTHING!

                Two things that will define you: Your determination when you have nothing. Your attitude when you have everything. - Mike McCartney
                cccjwhC 1 Reply Last reply
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                • MLD WoodyM MLD Woody

                  @canton-dawg said:

                  When you have historically high inflation, interest rates, and a tanking stock market, ANY improvement will look good.

                  Its just basic math.

                  Some of those numbers are the lowest in 50 years, so your comment doesn't hold up

                  Canton Dawg Canton DawgC Conversation Starter Dedicated Very Popular Posting Machine Collaborator First Post Reacting Well Week One Done One Month Later One Year In
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                  Canton DawgC Canton Dawg wrote on last edited by
                  #13

                  @mld-woody said:

                  Some of those numbers are the lowest in 50 years, so your comment doesn't hold up

                  The inflation rate is near a 50 year high, and before you go all in on the Russian/Ukrainian war you lefty’s didn’t cut any slack for the Pandemic ruining the economy the last year Trump was in office.

                  IMG_4569.jpeg

                  Two things that will define you: Your determination when you have nothing. Your attitude when you have everything. - Mike McCartney
                  cccjwhC 1 Reply Last reply
                  Quote Reply
                  • Canton DawgC Canton Dawg

                    @cccjwh said:

                    I know you nut jobs must have missed it, but "It's The Economy Stupid". Lots of good news. You guys keep praying for a recession.

                    Bidenomics’ critics are being proven wrong. Happy days are here again | Fortune

                    The U.S. economy is now pulling off what all these experts said was impossible: strong growth and record employment amidst plummeting inflation. And just as importantly, thanks to Bidenomics, the fruits of economic prosperity are inclusive and broad-based, amidst a renaissance in American manufacturing, investment, and productivity.  

                    Consider some of the headline economic statistics released the last few days, on top of the GDP release. At 3%, inflation is now at its lowest since the pandemic, down from its peak of nearly 10% of last year. Commodity prices have plummeted by at least 50% across the board, ranging from energy, food, agriculture, and metals. Some such as lumber are down a stunning 95% in a year. Even gasoline prices, which have ticked up slightly in the last few weeks, are now lower than pre-Ukraine conflict levels.

                    Meanwhile, the unemployment rate of 3.7% is at a 54-year low, and the unemployment rate has stayed below 4% for the longest stretch in the last 50 years despite the Fed raising interest rates from 0 to 5.5% in a year. The last time this nation saw such good employment news, LBJ was the President and Bonanza was the top show on TV. In almost every major sector, real wages are now growing faster than pre-pandemic with record workforce participation, amidst millions of new and returning workers–partially thanks to the workforce training, education, and childcare policies that are core pillars of Bidenomics.

                    Bidenomics spurred stronger GDP growth: Morgan Stanley (cnbc.com)

                    WASHINGTON — Morgan Stanley
                     is crediting President Joe Biden’s economic policies with driving an unexpected surge in the U.S. economy that is so significant that the bank was forced to make a “sizable upward revision” to its estimates for U.S. gross domestic product.

                    Biden’s Infrastructure Investment and Jobs Act is “driving a boom in large-scale infrastructure,” wrote Ellen Zentner, chief U.S. economist for Morgan Stanley, in a research note released Thursday. In addition to infrastructure, “manufacturing construction has shown broad strength,” she wrote.

                    Where did it all go right for Biden? Facts blunt Republican attack lines | Joe Biden | The Guardian

                    https://twitter.com/MeidasTouch/status/1682104033589469185?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1682104033589469185%7Ctwgr%5Edf116d3398df8f1f5976822aa956fed917fc745d%7Ctwcon%5Es1_&ref_url=https://247sports.com/nfl/cleveland-browns/board/105290/Contents/clarence-thomas-207932653/?page=23M213427725

                    That’s rich! ???

                    Please tell me what in the hell the U.S. Government has to do with private sector employment?

                    I’ll save you the time….NOTHING!

                    cccjwh cccjwhC Reacting Well Dedicated Conversation Starter Very Popular Posting Machine Collaborator First Post One Year In One Month Later Week One Done
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                    cccjwhC cccjwh wrote on last edited by
                    #14

                    @canton-dawg said:

                    That’s rich! ???

                    Please tell me what in the hell the U.S. Government has to do with private sector employment?

                    I’ll save you the time….NOTHING!

                    Bahahaha. ? That's really all you have? 

                    Canton DawgC 1 Reply Last reply
                    Quote Reply
                    • Canton DawgC Canton Dawg

                      @mld-woody said:

                      Some of those numbers are the lowest in 50 years, so your comment doesn't hold up

                      The inflation rate is near a 50 year high, and before you go all in on the Russian/Ukrainian war you lefty’s didn’t cut any slack for the Pandemic ruining the economy the last year Trump was in office.

                      IMG_4569.jpeg

                      cccjwh cccjwhC Reacting Well Dedicated Conversation Starter Very Popular Posting Machine Collaborator First Post One Year In One Month Later Week One Done
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                      cccjwhC cccjwh wrote on last edited by cccjwh
                      #15

                      @canton-dawg said:

                      The inflation rate is near a 50 year high, and before you go all in on the Russian/Ukrainian war you lefty’s didn’t cut any slack for the Pandemic ruining the economy the last year Trump was in office.

                      IMG_4569.jpeg

                      Almost everywhere. You see how we are on the lower spectrum.

                      Global inflation tracker: see how your country compares on rising prices | Financial Times (ft.com)

                      image.thumb.png.47bd46bac736a6076dc4c6e1c76712d3.png

                      1 Reply Last reply
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                      • Canton Dawg Canton DawgC Conversation Starter Dedicated Very Popular Posting Machine Collaborator First Post Reacting Well Week One Done One Month Later One Year In
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                        Canton DawgC Canton Dawg wrote on last edited by
                        #16

                        Here’s another graph where Dementia Joe is the leader in the clubhouse.

                        IMG_4570.jpeg

                        Two things that will define you: Your determination when you have nothing. Your attitude when you have everything. - Mike McCartney
                        cccjwhC 1 Reply Last reply
                        Quote Reply
                        • cccjwhC cccjwh

                          @canton-dawg said:

                          That’s rich! ???

                          Please tell me what in the hell the U.S. Government has to do with private sector employment?

                          I’ll save you the time….NOTHING!

                          Bahahaha. ? That's really all you have? 

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                          Canton DawgC Canton Dawg wrote on last edited by
                          #17

                          @cccjwh said:

                          Bahahaha. ? That's really all you have? 

                          That’s all I need.

                          BTW, you didn’t explain what the WH has to do with Private Sector jobs.

                          Two things that will define you: Your determination when you have nothing. Your attitude when you have everything. - Mike McCartney
                          cccjwhC 1 Reply Last reply
                          Quote Reply
                          • Canton DawgC Canton Dawg

                            Here’s another graph where Dementia Joe is the leader in the clubhouse.

                            IMG_4570.jpeg

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                            cccjwhC cccjwh wrote on last edited by
                            #18

                            @canton-dawg said:

                            Here’s another graph where Dementia Joe is the leader in the clubhouse.

                            IMG_4570.jpeg

                            We are talking about the economy, but I understand you have nothing. So changing the subject is your only choice. ?

                            Canton DawgC 1 Reply Last reply
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                            • Canton Dawg Canton DawgC Conversation Starter Dedicated Very Popular Posting Machine Collaborator First Post Reacting Well Week One Done One Month Later One Year In
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                              Canton DawgC Canton Dawg wrote on last edited by
                              #19

                              Here’s another “Oh Shit” graph about Dementia Joe. . .

                              IMG_4571.jpeg

                              Two things that will define you: Your determination when you have nothing. Your attitude when you have everything. - Mike McCartney
                              cccjwhC 1 Reply Last reply
                              Quote Reply
                              • cccjwhC cccjwh

                                @canton-dawg said:

                                Here’s another graph where Dementia Joe is the leader in the clubhouse.

                                IMG_4570.jpeg

                                We are talking about the economy, but I understand you have nothing. So changing the subject is your only choice. ?

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                                Canton DawgC Canton Dawg wrote on last edited by
                                #20

                                @cccjwh said:

                                We are talking about the economy, but I understand you have nothing. So changing the subject is your only choice. ?

                                I didn’t expect you to answer the same question directed at you twice.

                                So go ahead and talk about something else, I just hope it’s something you know just a little bit about.

                                Two things that will define you: Your determination when you have nothing. Your attitude when you have everything. - Mike McCartney
                                1 Reply Last reply
                                Quote Reply
                                • Canton DawgC Canton Dawg

                                  @cccjwh said:

                                  Bahahaha. ? That's really all you have? 

                                  That’s all I need.

                                  BTW, you didn’t explain what the WH has to do with Private Sector jobs.

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                                  cccjwhC cccjwh wrote on last edited by cccjwh
                                  #21

                                  @canton-dawg said:

                                  That’s all I need.

                                  BTW, you didn’t explain what the WH has to do with Private Sector jobs.

                                  Again, talking about the economy. But if you need the connection, Cheetos can tell you. He is after all the biggest jobs president in the history of the world. At least in his warp mind.

                                  1 Reply Last reply
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                                  • Canton DawgC Canton Dawg

                                    Here’s another “Oh Shit” graph about Dementia Joe. . .

                                    IMG_4571.jpeg

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                                    cccjwhC cccjwh wrote on last edited by
                                    #22

                                    @canton-dawg said:

                                    Here’s another “Oh Shit” graph about Dementia Joe. . .

                                    IMG_4571.jpeg

                                    Economy...... Bahahahahahaha. You have NOTHING. Bahahahahahaha. 

                                    Canton DawgC F 2 Replies Last reply
                                    Quote Reply
                                    • cccjwhC cccjwh

                                      @canton-dawg said:

                                      Here’s another “Oh Shit” graph about Dementia Joe. . .

                                      IMG_4571.jpeg

                                      Economy...... Bahahahahahaha. You have NOTHING. Bahahahahahaha. 

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                                      Canton DawgC Canton Dawg wrote on last edited by
                                      #23

                                      @cccjwh said:

                                      Economy...... Bahahahahahaha. You have NOTHING. Bahahahahahaha. 

                                      Ok, back to the economy (but I can see why you don’t want to talk about border crossings…..Bwahahaha).

                                      I’ll ask you for the third time, what does the sitting U.S. President have to do with private sector jobs?

                                      It’s ok to say you have no idea, because that’s what’s going on.

                                      Two things that will define you: Your determination when you have nothing. Your attitude when you have everything. - Mike McCartney
                                      cccjwhC 1 Reply Last reply
                                      Quote Reply
                                      • MLD WoodyM MLD Woody

                                        @fy56 said:

                                        Many of Cals links also include numbers.

                                        Never has my old lady bitched so much about grocery store prices. Thats all the evidence I need. I don't need your numbers.

                                        Hell, I was shocked at a quote for $19,000 to install a new driveway. Turns out the cost of cement had quadrupled within the last 3 years. I don't need your stinkin numbers. You don't have to show me your stinkin numbers.

                                        "I don't need your stinkin facts or statistics or experts or book learnin! It's snowing where I live so mmgw is a lie!!!"

                                        Brilliant stuff

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                                        F FY56 wrote on last edited by
                                        #24

                                        @mld-woody said:

                                        "I don't need your stinkin facts or statistics or experts or book learnin! It's snowing where I live so mmgw is a lie!!!"

                                        Brilliant stuff

                                        Hey man calm down. That was meant to be a humorous tongue in cheek sort of comment based on personal experience while borrowing "we don't need no stinkin badges" line from the movie Blazing Saddles.

                                        MLD WoodyM 1 Reply Last reply
                                        Quote Reply
                                        • cccjwhC cccjwh

                                          @canton-dawg said:

                                          Here’s another “Oh Shit” graph about Dementia Joe. . .

                                          IMG_4571.jpeg

                                          Economy...... Bahahahahahaha. You have NOTHING. Bahahahahahaha. 

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                                          F FY56 wrote on last edited by
                                          #25

                                          @cccjwh said:

                                          Economy...... Bahahahahahaha. You have NOTHING. Bahahahahahaha. 

                                          You're as fake as those laughs.

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