gemini104104 (01-27-2022), Guno צְבִי (01-27-2022)
”U.S. economy grew 5.7 percent in 2021 in rebound from 2020 recession”
“The U.S. economy grew last year at the fastest pace since Ronald Reagan’s presidency, bouncing back with resilience from 2020′s brief but devastating recession. GDP had shrunk 3.4 percent in 2020, the steepest full-year drop since an 11.6 percent plunge in 1946“
“The nation’s gross domestic product — its total output of goods and services — expanded 5.7 percent in 2021. It was the strongest calendar-year growth since a 7.2 percent surge in 1984 after a previous recession. The economy ended the year by growing at an unexpectedly brisk 6.9 percent annual pace from October through December, the Commerce Department reported Thursday.”
https://www.politico.com/news/2022/0...ssion-00002678
News you won’t see on Tucker and Sean
And because I know the “but, but, but inflation” is going arise let me borrow from the news to explain demand pull inflation so even the wingers can understand it:
“The resurgence in demand was so robust, in fact, that it caught businesses off guard. Many struggled to acquire enough supplies and workers to meet a swift increase in customer orders. Shortages became especially acute for goods ordered for homes, from appliances to sporting goods to electronic equipment. And with computer chips in especially short supply, auto dealers were left desperately short of vehicles.
“Factories, ports and freight yards were overwhelmed and supply chains became ensnarled. Inflation began to accelerate.”
Least Biden won’t be lying like Donnie when he points out he did inherited a lousy economy
gemini104104 (01-27-2022), Guno צְבִי (01-27-2022)
Biden's stimulus bill obviously played a role, and Biden's infrastructure bill, when it gets reved up, should also kick things up a notch
Althea (01-27-2022), Guno צְבִי (01-27-2022)
A robust economy always follows the crashes. Your points are valid re. the inflation, but let's not forget that the trump tariff pissing match created supply chain shortages and inflation.
It's just that the dead economy didn't highlight the issues until trump was run out of town.
Once in a while you get shown the light, in the strangest of places if you look at it right.
Guno צְבִי (01-27-2022)
To me, this is still Trump’s economy until you can explain exactly what pResident walking dead has done to make this economy so glorious.
This is your same tired-assed script from the pandemic. ‘Tater ‘tard up there saying “I’m not gonna shut down the economy! “I’m not gonna shut down the country!" “I’M GONNA SHUT DOWN THE VIRUS!” And what exactly was his plan to accomplish that? NOTHING! Because he inherited 3 “Trump” vaccines and he (and just about everyone else) thought that would be the end of it.
The same damn thing is going on with the economy. You know what Trump’s plan was for the post pandemic economy? NOTHING! There literally was nothing to do except let it come back naturally and that’s exactly what Trump predicted. What was the asshole-in-chief’s plan? Build Back Broke ass. And that didn’t even get through his jackass senate. So who’s economic plan are we following here?
Something else that must be considered, the perception of the man on the street, like me for example. I haven’t had a full tank of gas in my truck in 7 months. My grocery bill has gone up at least 25%, and I got a 6.9% COLA raise in my military pension and VA disability. My personal economy ain’t so rosy right now, and with all the biden caused bullshit going on in the world right now, if joe six pack ain’t feeling the love, for all practical purposes it ain’t real.
The irony here is, if you guys hadn’t cheated so bad in 2020, Trump would be in his 2nd term right now and you would be blaming him for a failed response to the wuflu because these vaccines are pretty much useless right now(BTW, did you hear about the new COVID-19 variant? They call it “the stealth variant” because they can’t test for it! So how the hell do you know you’re sick?!). But I could afford a full tank of gas, Putin wouldn’t be perched on the Ukrainian border like a fascist buzzard, china wouldn’t be salivating over Taiwan like it was a T bone steak, Iran would still be under crippling sanctions and that North Korean asshole wouldn’t have launched 2 missiles to test your new pussy of a president.
“The Communist party must control the guns.”
― Mao Tse-tung
“Those who vote decide nothing. Those who count the vote decide everything.”-Generally attributed to Uncle Joe Stalin
“Everything under heaven is in utter choas; the situation is excellent.”
― mao tse-tung
"Those who vote decide nothing. Those who count the vote decide everything." Joseph Stalin
The USA has lost WWIV to China with no other weapons but China Virus and some cash to buy democrats.
Callinectes (01-27-2022), McRocket (01-27-2022)
Conservatives always say this, but the fact is that Bush Sr. left office w/ the country in Recession, and Clinton brought it back & the '90's were the best economy we've had. GW Bush left after a crash, and Obama brought us back to the longest peacetime recovery we've had. Trump left with the economy in shambles, and Biden is bringing us back w/ a solid recovery.
The facts are the facts. The economy does MUCH better under Democrats.
Althea (01-27-2022), Guno צְבִי (01-27-2022)
Highest inflation rate since the end of Jimmy Carter makes it all not just a wash but an actual wages and wealth loss.
Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but rather we have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit.
- -- Aristotle
Believe nothing on the faith of traditions, even though they have been held in honor for many generations and in diverse places. Do not believe a thing because many people speak of it. Do not believe on the faith of the sages of the past. Do not believe what you yourself have imagined, persuading yourself that a God inspires you. Believe nothing on the sole authority of your masters and priests. After examination, believe what you yourself have tested and found to be reasonable, and conform your conduct thereto.
- -- The Buddha
It is the mark of an educated mind to be able to entertain a thought without accepting it.
- -- Aristotle
Callinectes (01-27-2022), Matt Dillon (01-28-2022), PostmodernProphet (01-27-2022)
Althea (01-27-2022), Guno צְבִי (01-27-2022)
“The Communist party must control the guns.”
― Mao Tse-tung
“Those who vote decide nothing. Those who count the vote decide everything.”-Generally attributed to Uncle Joe Stalin
“Everything under heaven is in utter choas; the situation is excellent.”
― mao tse-tung
Matt Dillon (01-28-2022)
First - I despise BOTH Trump and Biden as POTUS.
True or false, please?
The 'Covid Depression' was caused by the lockdowns...period.
That means that when the lockdowns were lifted...the economy would automatically rebound back to pre-lockdown levels?
True or false, please?
Matt Dillon (01-28-2022)
Not only did you NOT answer the SIMPLE question?
You clearly did not even read/understand it.
Try again...
First - I despise BOTH Trump and Biden as POTUS.
True or false, please?
The 'Covid Depression' was caused by the lockdowns...period.
That means that when the lockdowns were lifted...the economy would automatically rebound back to pre-lockdown levels?
True or false, please?
Why does it have to be true or false? Do you think complex economic issues can be distilled that way?
They can't. The lockdowns contributed, but a transformational leader could have overcome the obstacles. EVERY PRESIDENT has had a major crisis - terrorist attacks, wars, housing bubbles, crashes. Every single President.
Say that Trump did a good job with COVID. You can't. He took both sides of the issues, created confusion & division, and ADMITTED that he downplayed it. He was terrible. The worst possible President during a pandemic. And that contributed to the economy's downfall.
So, false.
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