Many predicted a Biden recession - instead we got a solid and growing economy

[T. A. Gardner]

And more jobs, and higher 401K's, and much lower unemployment, and increased average income, and.....well, you get the picture.

Trump will have half of what this economy is and declare it the best in the history of mankind.

As with the Carter economy back in the 70's, Biden's economy sucked for everybody but the upper middle class and rich. The CPI shot up like a rocket making everything nearly unaffordable to the lower end of society. For the upper end, they could invest in various assets that grew with or outgrew inflation.

With high inflation (5%+) a false result that was claimed was the economy was growing rapidly when it actually wasn't. Biden's economy, great for the rich, fuck you for the poor.

 

[Grokmaster]

Economists have 'really had it wrong' about recession, market strategist says​

"Two years ago ... 3 out of 4 economists were saying we're going into a recession," David Zervos, chief market strategist for Jefferies LLC, said during CNBC's Financial Advisor Summit on Tuesday. "They've really had it wrong."

The economy is still growing and inflation has come down, he said.

The Fed's preferred measure of inflation stood at 2.3% in October, or 2.8% when excluding food and energy prices, according to the latest reading. Meanwhile, the fourth quarter is on track to post a 3.3% annualized growth rate for gross domestic product, the Atlanta Fed found.

The Federal Reserve is expected to cut interest rates by another quarter point at the conclusion of its two-day meeting next week.

Last week, Fed Chair Jerome Powell praised the U.S. economy and said it provided cushion for policymakers to move slowly as they recalibrate policy.

By most indicators, 2025 is going to continue in a positive direction, Barbara Doran, CEO of BD8 Capital Partners, said during the CNBC Financial Advisor Summit.

"Economic growth is going to be healthy next year," Doran said. "The prognosis is good."

Economists have 'really had it wrong' about recession, market strategist says

David Zervos of Jefferies and Barbara Doran, CEO of BD8 Capital Partners, weigh in on the likelihood of more Fed rate cuts to come at CNBC's FA Summit.

www.cnbc.com

Bullshit; we got runaway Federal spending, and a bloated Fed bureaucracy.

Job Report Is Indictment of Biden-Harris Incompetence​

“This jobs report is more evidence of the stunning incompetence of the Biden-Harris Administration. If you look under the hood of the Biden-Harris jobs market, the facts show an ongoing struggle for blue-collar workers, a boom for bureaucrats, and paychecks that don’t pay the bills anymore. Taxpayers funded over 1.6 million new bureaucrats under the Biden-Harris Administration, while manufacturers cut 50,000 jobs in the last year. The average paycheck is worth 3.2 percent less today than at the start of the Biden-Harris Administration. This record is a window into what America’s future would be like under more Democrat control in Washington: more bureaucrats demanding more control over the lives of the American people and small businesses and workers crushed by tax hikes.

Job Report Is Indictment of Biden-Harris Incompetence - Ways and Means

Chairman Smith: “If you look under the hood of the Biden-Harris jobs market, the facts show an ongoing struggle for blue-collar...

waysandmeans.house.gov

 

[Tbird19482]

Well I was reading in the news today many companies that have been absorbing Trump's tariffs are saying they can not keep doing it, Tromps tariffs have hurt their bottom lines too much and will be increasing the price of their goods by about 10%.
Starting very soon, some were food distributors and retailers.
This could really hurt not only American people but our total economy.

More reading

MSN

 

[Tbird19482]

Bullshit; we got runaway Federal spending, and a bloated Fed bureaucracy.

Job Report Is Indictment of Biden-Harris Incompetence​

“This jobs report is more evidence of the stunning incompetence of the Biden-Harris Administration. If you look under the hood of the Biden-Harris jobs market, the facts show an ongoing struggle for blue-collar workers, a boom for bureaucrats, and paychecks that don’t pay the bills anymore. Taxpayers funded over 1.6 million new bureaucrats under the Biden-Harris Administration, while manufacturers cut 50,000 jobs in the last year. The average paycheck is worth 3.2 percent less today than at the start of the Biden-Harris Administration. This record is a window into what America’s future would be like under more Democrat control in Washington: more bureaucrats demanding more control over the lives of the American people and small businesses and workers crushed by tax hikes.

Job Report Is Indictment of Biden-Harris Incompetence - Ways and Means

Chairman Smith: “If you look under the hood of the Biden-Harris jobs market, the facts show an ongoing struggle for blue-collar...

waysandmeans.house.gov

Biden did a lot better in the area of people going to work.
Trump and Hover are the ONLY two Presidents to leave office with LESS people working then when they took office .
Trump lost like 3.3 million jobs in his first term

During Trump's Presidency, US Job Growth Was Worst Since Hoover and the Great Depression?

President Joe Biden made this claim while delivering remarks in Scranton, Pennsylvania, in April 2024.

www.snopes.com

https://gameofjobs.org/during-the-hoover-administration-how-many.html

 

[T. A. Gardner]

Biden did a lot better in the area of people going to work.
Trump and Hover are the ONLY two Presidents to leave office with LESS people working then when they took office .
Trump lost like 3.3 million jobs in his first term

During Trump's Presidency, US Job Growth Was Worst Since Hoover and the Great Depression?

President Joe Biden made this claim while delivering remarks in Scranton, Pennsylvania, in April 2024.

www.snopes.com

https://gameofjobs.org/during-the-hoover-administration-how-many.html

Not when you subtract those that returned to work following the reopening of the economy post pandemic lockdown. Biden had one of the worst jobs records in US history.

 

[RB 60]

Not when you subtract those that returned to work following the reopening of the economy post pandemic lockdown. Biden had one of the worst jobs records in US history.

Also, keep in mind many small businesses had to close because of the pandemic shutdowns.
Yet, not one libturd cares they went out of business.

 

[Tbird19482]

Not when you subtract those that returned to work following the reopening of the economy post pandemic lockdown. Biden had one of the worst jobs records in US history.

Biden did NOT leave office with over 3 million LESS people working then when he took office TRUMP DID.

 

[RB 60]

Biden did NOT leave office with over 3 million LESS people working then when he took office TRUMP DID.

Blame the Chinese Disease that caused all the shutdowns.

 

[Tbird19482]

Also, keep in mind many small businesses had to close because of the pandemic shutdowns.
Yet, not one libturd cares they went out of business.

And just maybe IF Trump had told the truth from the beginning and NOT put out deceiving, distorted, confusing, conflicting, info that left a lot of governors completely not knowing what to do at that time , and when 1 woman brought it in to NYC from the EU and in just ONE MONTH there were OVER 79,000 people in NYC alone with it , they decided to shut things down to try and stop it from spreading so fast.
I guess you would have rather let is keep spreading and have another couple of million people die from it.

 

[RB 60]

And just maybe IF Trump had told the truth from the beginning and NOT put out deceiving, distorted, confusing, conflicting, info that left a lot of governors completely not knowing what to do at that time , and when 1 woman brought it in to NYC from the EU and in just ONE MONTH there were OVER 79,000 people in NYC alone with it , they decided to shut things down to try and stop it from spreading so fast.
I guess you would have rather let is keep spreading and have another couple of million people die from it.

The Chinese said it was nothing...until it was spread all over the world.

 

[T. A. Gardner]

Biden did NOT leave office with over 3 million LESS people working then when he took office TRUMP DID.

Pandemic shutdowns? Hear of them? Your argument is absurd given what was going on at the time.

 

[T. A. Gardner]

And just maybe IF Trump had told the truth from the beginning and NOT put out deceiving, distorted, confusing, conflicting, info that left a lot of governors completely not knowing what to do at that time , and when 1 woman brought it in to NYC from the EU and in just ONE MONTH there were OVER 79,000 people in NYC alone with it , they decided to shut things down to try and stop it from spreading so fast.
I guess you would have rather let is keep spreading and have another couple of million people die from it.

It wasn't Trump that was the problem, it was first and foremost, the Chinese government. Then you had states like New York that did stupid things like putting Chinese Disease patients in nursing homes where they infected all the elderly residents and killed them off.

Trump tried to institute bans on international travel early on, but the Democrats fought him on that.

 

[Tbird19482]

The Chinese said it was nothing...until it was spread all over the world.

And Trump lied about it.
And was warned about it when it first started.

 

[RB 60]

And Trump lied about it.
And was warned about it when it first started.

He trusted the word of the Chinese.
Nothing would have stopped the Chinese Disease because it was first spread in Europe, then migrated here.

 

[Tbird19482]

He trusted the word of the Chinese.
Nothing would have stopped the Chinese Disease because it was first spread in Europe, then migrated here.

And he WAS warned about it long before it got here by the CDC.
And again he lied so much about it and put out disinformation nobody knew what was true and what was lies.

 

[RB 60]

And he WAS warned about it long before it got here by the CDC.
And again he lied so much about it and put out disinformation nobody knew what was true and what was lies.

It wasn't just him. Fauci himself said it wasn't anything to be worried about...until it was.

 

[T. A. Gardner]

It wasn't just him. Fauci himself said it wasn't anything to be worried about...until it was.

Fauci proved to be the last guy you'd take medical advice from after Chinese Disease hit.

 

[RB 60]

Fauci proved to be the last guy you'd take medical advice from after Chinese Disease hit.

Don't put me in the "election denier" category, but I do question how more votes were cast during a pandemic than this last election. And the Dems were saying this was supposed to be the most important vote in history. So, if it was...?

 

[Hawkeye10]

Don't put me in the "election denier" category, but I do question how more votes were cast during a pandemic than this last election. And the Dems were saying this was supposed to be the most important vote in history. So, if it was...?

Digging down into who maintains the voter rolls seems like a good idea.

This does not happen as we are told it does.

 

[Hawkeye10]

There is actually a theory that the biggest motivation of the Human Import Program was to create names on ballots, which are then used to rig elections.