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Thread: President Biden's economic policies continue to be proven unbeatable as of 2022.

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    Default President Biden's economic policies continue to be proven unbeatable as of 2022.

    These are the reasons why:

    POLITICS
    White House sees strong GDP growth in 2022 despite inflation risks, and it will be a high task to recover from atrocities associated with lawlessly hacked tRump mob and the sewer type of repuke filth associated with it. Yet, it is amazing through it all that at least these positive indicators are there, and despite the challenges and thanks to the 2020 unobstructed majority at giving the un-American and uncivilized tRump atrocity the boot!

    The White House sees more risks to U.S. economic activity in the months ahead thanks to rising prices and Russia’s invasion of Ukraine, but still expects healthy GDP growth in 2022.

    A senior administration official told CNBC that the recent rise in energy and food prices — caused in large part by Moscow’s attack on its neighbor — and ongoing supply chain hiccups are two of few “additional” risks to U.S. GDP growth this year.

    But despite the inflationary concerns, most economic data points to another strong year for the U.S. economy as measured by job gains, household savings and real income, the official said.

    “We are facing real risks and some challenges,” the person said. “One risk is the war that Putin has started in Ukraine. That has real effects on the U.S. economy, largely through energy prices and food.”

    But “when you put it all together, the U.S. economy is in a strong position, even as we face some additional risks in the months ahead,” the official said.

    The official, speaking on condition of anonymity to discuss private White House forecasts, said the administration was encouraged to see the International Monetary Fund estimate that the U.S. will see its gross domestic product grow 3.7% this year. That compares with forecasts of economic growth of 2.1% for Germany, 2.5% for South Korea and 3.7% for the United Kingdom."

    https://www.cnbc.com/2022/04/21/whit...mic-risks.html

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    Earl (05-14-2022)

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    The Revolution is sneering at you.

    "SHUT UP SERF!"
    "The dismissing of everyone on the fringe as a kook, or a crank, or a quack, or whatever, is the end of progress" <<<<<<<<<Bret

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    OP is a retard and doesn't contribute to society.

    It gets food you can't afford and pays for it with EBT. That's OP.

    12 steaks and 10 pounds of shrimp.

    It does not matter what you're making and affording.

    I can't afford that on the 1st of every month, can you?

    I mean I could, but why? It's senseless.

    OP can do it alla time. He never has to make it on actual grocery money. It's all free to that motherfucker.

    It ain't for people that pay for groceries, though.
    Last edited by Matt Dillon; 05-14-2022 at 01:12 AM.

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    Quote Originally Posted by Matt Dillon View Post
    OP is a retard and doesn't contribute to society.

    It gets food you can't afford and pays for it with EBT. That's OP.

    12 steaks and 10 pounds of shrimp.
    A liar who wants to hurt us is much more likely.
    "The dismissing of everyone on the fringe as a kook, or a crank, or a quack, or whatever, is the end of progress" <<<<<<<<<Bret

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    Matt Dillon (05-14-2022)

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    Quote Originally Posted by Hawkeye10 View Post
    A liar who wants to hurt us is much more likely.
    I agree with you on that.

    Fuckin' traitorous piece of shit!

    I'm insulated by my crackery. Thinkin' about something from 1985.. Hmm..oh yeah!


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    Quote Originally Posted by Matt Dillon View Post
    OP is a retard and doesn't contribute to society.

    It gets food you can't afford and pays for it with EBT. That's OP.

    12 steaks and 10 pounds of shrimp.

    It does not matter what you're making and affording.

    I can't afford that on the 1st of every month, can you?

    I mean I could, but why? It's senseless.

    OP can do it alla time. He never has to make it on actual grocery money. It's all free to that motherfucker.

    It ain't for people that pay for groceries, though.
    Just as a reminder:

    GDP Ranked by Country 2022
    Total World GDP:

    $91.98 Tn
    Gross Domestic Product (GDP) is the monetary market value of all final goods and services made within a country during a specific period. GDP helps to provide a snapshot of a country’s economy and can be calculated using expenditures, production, or incomes.

    World GDP
    The world GDP is the added total of the gross national income for every country in the world. Gross national income takes a country’s GDP, adds the value of income from imports, and subtracts the value of money from exports. The value of gross national income, GNI, differs from that of GDP because it reflects the impact of domestic and international trade.

    When the GNIs of every country in the world are added together, the value of imports and exports are in balance. The world economy consists of 193 economies, with the United States being the largest.

    As per World Bank estimates, the nominal world GDP in 2017 was $80,683.79 billion. In 2018, the nominal world GDP was $84,835.46 billion in 2018, and it’s projected to be $88,081.13 billion in 2019. In 2018, the growth rate for the world GDP was 3.6%.

    Nominal GDP vs. PPP GDP
    To compare GDPs around the world, currencies must be converted so that they’re consistent across all countries. There are two main systems of common currency conversion: nominal and PPP. These two approaches to GDP estimation have separate strengths and are generally used for different reasons.

    Nominal GDP is useful for large-scope GDP comparison, either for a country or region or on an international scale. The nominal GDP of an area is determined using up-to-date market prices and shifts according to inflation. By incorporating an area’s inflation rate in the GDP calculation, nominal GDP can indicate when prices rise in an economy. The rate of price increases in an economy is also factored into nominal GDP.

    The main downfall of nominal GDP is that it doesn’t account for the living standards in a country - it focuses only on economic growth and performance. Also, generally speaking, nominal GDP can differ significantly from year to year depending on variations in the exchange rate.

    PPP stands for purchasing power parity. PPP GDP is used to measure both the economic growth and living standards in a country, making it a useful tool in global comparisons. The PPP approach uses exchange rates to convert one country’s currency into the other. Then, using a consistent amount of money, the quantity of goods and services that may be purchased in the countries is compared. For example, PPP may compare the cost of a car in France to the cost of a car in Japan (after using the exchange rate to convert yen to Euros, or vice versa) to analyze the difference in GDP and cost of living between these nations. PPP GDP stays relatively stable from year to year and isn’t significantly impacted by shifts in the exchange rate.

    PPP GDP can be faulted for the fact that it doesn’t incorporate discrepancies in quality between goods and services in different countries. In general, it’s less exact than nominal GDP and often hinges on estimates rather than calculations. As such, the nominal GDP is typically used to measure and compare the size of national economies.

    Nominal GDP Rankings by Country
    What are the largest economies in the world? According to the International Monetary Fund, these are the highest ranking countries in the world in nominal GDP:

    United States (GDP: 20.49 trillion)
    China (GDP: 13.4 trillion)
    Japan: (GDP: 4.97 trillion)
    Germany: (GDP: 4.00 trillion)
    United Kingdom: (GDP: 2.83 trillion)
    France: (GDP: 2.78 trillion)
    India: (GDP: 2.72 trillion)
    Italy: (GDP: 2.07 trillion)
    Brazil: (GDP: 1.87 trillion)
    Canada: (GDP: 1.71 trillion)
    The Largest Economies in the World
    The three largest economies in the world as measured by nominal GDP are the United States, China, and Japan. Economic growth and prosperity are impacted by a wide array of factors, namely investment in workforce education, production output (as determined by investment in physical capital), natural resources, and entrepreneurship. The economies of the U.S., China, and Japan all have a unique combination of these factors that have led to economic growth over time, as outlined below.

    United States
    The United States has been the world’s largest economy since 1871. The nominal GDP for the United States is $21.44 trillion. The U.S. GDP (PPP) is also $21.44 trillion. Additionally, the United States is ranked second in the world for the approximate value of natural resources. In 2016, the U.S. had an estimated natural resource value of $45 trillion.

    Several factors contribute to the U.S.’s powerful economy. The U.S. is known globally for cultivating a society that supports and encourages entrepreneurship, which encourages innovation and, in turn, leads to economic growth. The growing population in the U.S. has helped diversify the workforce. The U.S. is also one of the leading manufacturing industries in the world, coming only second to China. The U.S. dollar is also the most widely used currency for global transactions."

    https://worldpopulationreview.com/co...untries-by-gdp

    Despite the atrocities of what the lawlessly hacked in tRump and repuke mob conspired against the U.S. and the global economy, it is interesting to know the 2019 financial position of the U.S. of A:

    For the fourth quarter of 2019, total wealth in the U.S. was $111.04 trillion. White families held $93.55 trillion (84.2%), Black families held $4.43 trillion (3.99%), and Hispanic families held $2.58 trillion (2.32%).5 Yet in 2019, 14% of the U.S. population identified as Black12, and Hispanics made up 18%.13
    If Black and Hispanic wealth was proportional to their percentage of the population, Black families would hold $15.55 trillion and Hispanic families would hold $19.99 trillion in respective net worth. That is a gigantic wealth difference of $11.12 trillion for Black families and an even larger difference of $17.41 trillion for Hispanic families.
    70% of the $111.04 trillion of U.S. net worth is held by older Americans, age 55 and up.5"

    https://financebuzz.com/us-net-worth....04%20trillion.
    Last edited by gemini104104; 05-14-2022 at 01:40 AM.

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    Quote Originally Posted by gemini104104 View Post
    Just as a reminder:

    GDP Ranked by Country 2022
    Total World GDP:

    $91.98 Tn
    Gross Domestic Product (GDP) is the monetary market value of all final goods and services made within a country during a specific period. GDP helps to provide a snapshot of a country’s economy and can be calculated using expenditures, production, or incomes.

    World GDP
    The world GDP is the added total of the gross national income for every country in the world. Gross national income takes a country’s GDP, adds the value of income from imports, and subtracts the value of money from exports. The value of gross national income, GNI, differs from that of GDP because it reflects the impact of domestic and international trade.

    When the GNIs of every country in the world are added together, the value of imports and exports are in balance. The world economy consists of 193 economies, with the United States being the largest.

    As per World Bank estimates, the nominal world GDP in 2017 was $80,683.79 billion. In 2018, the nominal world GDP was $84,835.46 billion in 2018, and it’s projected to be $88,081.13 billion in 2019. In 2018, the growth rate for the world GDP was 3.6%.

    Nominal GDP vs. PPP GDP
    To compare GDPs around the world, currencies must be converted so that they’re consistent across all countries. There are two main systems of common currency conversion: nominal and PPP. These two approaches to GDP estimation have separate strengths and are generally used for different reasons.

    Nominal GDP is useful for large-scope GDP comparison, either for a country or region or on an international scale. The nominal GDP of an area is determined using up-to-date market prices and shifts according to inflation. By incorporating an area’s inflation rate in the GDP calculation, nominal GDP can indicate when prices rise in an economy. The rate of price increases in an economy is also factored into nominal GDP.

    The main downfall of nominal GDP is that it doesn’t account for the living standards in a country - it focuses only on economic growth and performance. Also, generally speaking, nominal GDP can differ significantly from year to year depending on variations in the exchange rate.

    PPP stands for purchasing power parity. PPP GDP is used to measure both the economic growth and living standards in a country, making it a useful tool in global comparisons. The PPP approach uses exchange rates to convert one country’s currency into the other. Then, using a consistent amount of money, the quantity of goods and services that may be purchased in the countries is compared. For example, PPP may compare the cost of a car in France to the cost of a car in Japan (after using the exchange rate to convert yen to Euros, or vice versa) to analyze the difference in GDP and cost of living between these nations. PPP GDP stays relatively stable from year to year and isn’t significantly impacted by shifts in the exchange rate.

    PPP GDP can be faulted for the fact that it doesn’t incorporate discrepancies in quality between goods and services in different countries. In general, it’s less exact than nominal GDP and often hinges on estimates rather than calculations. As such, the nominal GDP is typically used to measure and compare the size of national economies.

    Nominal GDP Rankings by Country
    What are the largest economies in the world? According to the International Monetary Fund, these are the highest ranking countries in the world in nominal GDP:

    United States (GDP: 20.49 trillion)
    China (GDP: 13.4 trillion)
    Japan: (GDP: 4.97 trillion)
    Germany: (GDP: 4.00 trillion)
    United Kingdom: (GDP: 2.83 trillion)
    France: (GDP: 2.78 trillion)
    India: (GDP: 2.72 trillion)
    Italy: (GDP: 2.07 trillion)
    Brazil: (GDP: 1.87 trillion)
    Canada: (GDP: 1.71 trillion)
    The Largest Economies in the World
    The three largest economies in the world as measured by nominal GDP are the United States, China, and Japan. Economic growth and prosperity are impacted by a wide array of factors, namely investment in workforce education, production output (as determined by investment in physical capital), natural resources, and entrepreneurship. The economies of the U.S., China, and Japan all have a unique combination of these factors that have led to economic growth over time, as outlined below.

    United States
    The United States has been the world’s largest economy since 1871. The nominal GDP for the United States is $21.44 trillion. The U.S. GDP (PPP) is also $21.44 trillion. Additionally, the United States is ranked second in the world for the approximate value of natural resources. In 2016, the U.S. had an estimated natural resource value of $45 trillion.

    Several factors contribute to the U.S.’s powerful economy. The U.S. is known globally for cultivating a society that supports and encourages entrepreneurship, which encourages innovation and, in turn, leads to economic growth. The growing population in the U.S. has helped diversify the workforce. The U.S. is also one of the leading manufacturing industries in the world, coming only second to China. The U.S. dollar is also the most widely used currency for global transactions."

    https://worldpopulationreview.com/co...untries-by-gdp
    STFU you absolute moron.

    https://www.shorenewsnetwork.com/202...-oil-drillers/

    You ain't been to the grocery store or bought gas lately. Not with your own money.

    Fact. You're a fucking idiot.

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    Quote Originally Posted by gemini104104 View Post
    Just as a reminder:

    GDP Ranked by Country 2022
    Total World GDP:

    $91.98 Tn
    Gross Domestic Product (GDP) is the monetary market value of all final goods and services made within a country during a specific period. GDP helps to provide a snapshot of a country’s economy and can be calculated using expenditures, production, or incomes.

    World GDP
    The world GDP is the added total of the gross national income for every country in the world. Gross national income takes a country’s GDP, adds the value of income from imports, and subtracts the value of money from exports. The value of gross national income, GNI, differs from that of GDP because it reflects the impact of domestic and international trade.

    When the GNIs of every country in the world are added together, the value of imports and exports are in balance. The world economy consists of 193 economies, with the United States being the largest.

    As per World Bank estimates, the nominal world GDP in 2017 was $80,683.79 billion. In 2018, the nominal world GDP was $84,835.46 billion in 2018, and it’s projected to be $88,081.13 billion in 2019. In 2018, the growth rate for the world GDP was 3.6%.

    Nominal GDP vs. PPP GDP
    To compare GDPs around the world, currencies must be converted so that they’re consistent across all countries. There are two main systems of common currency conversion: nominal and PPP. These two approaches to GDP estimation have separate strengths and are generally used for different reasons.

    Nominal GDP is useful for large-scope GDP comparison, either for a country or region or on an international scale. The nominal GDP of an area is determined using up-to-date market prices and shifts according to inflation. By incorporating an area’s inflation rate in the GDP calculation, nominal GDP can indicate when prices rise in an economy. The rate of price increases in an economy is also factored into nominal GDP.

    The main downfall of nominal GDP is that it doesn’t account for the living standards in a country - it focuses only on economic growth and performance. Also, generally speaking, nominal GDP can differ significantly from year to year depending on variations in the exchange rate.

    PPP stands for purchasing power parity. PPP GDP is used to measure both the economic growth and living standards in a country, making it a useful tool in global comparisons. The PPP approach uses exchange rates to convert one country’s currency into the other. Then, using a consistent amount of money, the quantity of goods and services that may be purchased in the countries is compared. For example, PPP may compare the cost of a car in France to the cost of a car in Japan (after using the exchange rate to convert yen to Euros, or vice versa) to analyze the difference in GDP and cost of living between these nations. PPP GDP stays relatively stable from year to year and isn’t significantly impacted by shifts in the exchange rate.

    PPP GDP can be faulted for the fact that it doesn’t incorporate discrepancies in quality between goods and services in different countries. In general, it’s less exact than nominal GDP and often hinges on estimates rather than calculations. As such, the nominal GDP is typically used to measure and compare the size of national economies.

    Nominal GDP Rankings by Country
    What are the largest economies in the world? According to the International Monetary Fund, these are the highest ranking countries in the world in nominal GDP:

    United States (GDP: 20.49 trillion)
    China (GDP: 13.4 trillion)
    Japan: (GDP: 4.97 trillion)
    Germany: (GDP: 4.00 trillion)
    United Kingdom: (GDP: 2.83 trillion)
    France: (GDP: 2.78 trillion)
    India: (GDP: 2.72 trillion)
    Italy: (GDP: 2.07 trillion)
    Brazil: (GDP: 1.87 trillion)
    Canada: (GDP: 1.71 trillion)
    The Largest Economies in the World
    The three largest economies in the world as measured by nominal GDP are the United States, China, and Japan. Economic growth and prosperity are impacted by a wide array of factors, namely investment in workforce education, production output (as determined by investment in physical capital), natural resources, and entrepreneurship. The economies of the U.S., China, and Japan all have a unique combination of these factors that have led to economic growth over time, as outlined below.

    United States
    The United States has been the world’s largest economy since 1871. The nominal GDP for the United States is $21.44 trillion. The U.S. GDP (PPP) is also $21.44 trillion. Additionally, the United States is ranked second in the world for the approximate value of natural resources. In 2016, the U.S. had an estimated natural resource value of $45 trillion.

    Several factors contribute to the U.S.’s powerful economy. The U.S. is known globally for cultivating a society that supports and encourages entrepreneurship, which encourages innovation and, in turn, leads to economic growth. The growing population in the U.S. has helped diversify the workforce. The U.S. is also one of the leading manufacturing industries in the world, coming only second to China. The U.S. dollar is also the most widely used currency for global transactions."

    https://worldpopulationreview.com/co...untries-by-gdp
    You imagine that this post makes you look smart I am sure.
    "The dismissing of everyone on the fringe as a kook, or a crank, or a quack, or whatever, is the end of progress" <<<<<<<<<Bret

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    Quote Originally Posted by Matt Dillon View Post
    STFU you absolute moron.

    https://www.shorenewsnetwork.com/202...-oil-drillers/

    You ain't been to the grocery store or bought gas lately. Not with your own money.

    Fact. You're a fucking idiot.
    I would suggest you close the lid on your stinking hide at being the real absolute fucking idiot and something that belongs at a waste dump site. You also appear to be a failure as so-called human being who is offended by facts but prefer to wallow in a smelly and rancid form of a squalid existence of lies and deranged delusions. Also, I have kicked your smelly hide to the curb, and you will soon know why.
    Last edited by gemini104104; 05-14-2022 at 02:47 AM.

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    Quote Originally Posted by gemini104104 View Post
    I would suggest you close the lid on you stinking hide at being the real absolute fucking idiot and something that belongs at a waste dump site. You also appear to be a failure as so-called human being who is offended by facts but prefer to wallow in a smelly and rancid form of a squalid existence of lies and deranged delusions. Also, I have kicked your smelly hide to the curb, and you will soon know why.
    That's nice, shitbreath. Is katzgar gone? If so, you're the dumbest motherfucker here now. You beat out BidenPresident to take the katzgar's crown of #1 dumbass. Bitch.

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