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Thread: In Biden's first year, economic growth reached a 37-year high

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    Default In Biden's first year, economic growth reached a 37-year high

    Despite repukes and their media sources of anti-Biden lies, smear tactics and disinformation from the beginning of the sewer element, this deplorable influence cannot get around the facts versus its lies to attempt the manipulate the thinking of society for uncivilized and evil reasons:

    Kevin McCarthy argued last year that Joe Biden's policies "have stalled our recovery," adding, "Bidenomics is bad for America." Yeah, about that...

    As a presidential candidate in 2016, Donald Trump made bold predictions about the kind of economic growth the United States would see if he were elected. Americans would celebrate, the Republican said, as annual GDP growth reached 4 percent for the first time in decades.

    It was among the most jarring of Trump's broken promises. Even before the pandemic, GDP growth in Trump's first three years failed to reach 3 percent."

    Bottom line:

    But as it turns out, the U.S. economy was able to reach growth rates unseen in a generation, but it happened under President Joe Biden."

    https://www.msnbc.com/rachel-maddow-...-high-n1288089
    Last edited by gemini104104; 06-06-2022 at 01:21 AM.

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    Madcow says something... So?

    Inflation is at its highest in almost half a century.
    Gas prices are the highest ever
    There are shortages of many basic goods and services due to supply bottlenecks in part created by Biden
    Consumer confidence is at a low and falling
    The employment rate is nearly flat
    GDP growth isn't keeping up with inflation
    The economy is shrinking in the last two months putting the nation on the verge of a recession.

    So, the Left and its sycophants may claim the economy is doing good but the reality is it sucks and nearly 90% of Americans know that.

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    inflation is the opposite of economic growth.....
    Isaiah 6:5
    “Woe to me!” I cried. “I am ruined! For I am a man of unclean lips, and I live among a people of unclean lips, and my eyes have seen the King, the Lord Almighty.”

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    Quote Originally Posted by PostmodernProphet View Post
    inflation is the opposite of economic growth.....
    Actually, it's not. The economy can grow, and there can be inflation. They are 2 completely separate measures, for 2 different things.

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    Quote Originally Posted by BartenderElite View Post
    Actually, it's not. The economy can grow, and there can be inflation. They are 2 completely separate measures, for 2 different things.
    true - but they are generally indexed together when inflation is high so as not to deceive abut wage growth.
    But you are correct

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    Quote Originally Posted by PostmodernProphet View Post
    inflation is the opposite of economic growth.....
    You fail to define what you are saying in terms of the opposite of economic growth. Consider the following clarification:

    Since the growth rate of the price level is just another term for the inflation rate, the inflation rate must fall. An increase in the rate of economic growth means more goods for money to “chase,” which puts downward pressure on the inflation rate."

    https://www.cato.org/policy-report/n...flation%20rate.

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    Um its not economic growth but recovery from a forced stoppage of the economy due to the China Cootie.
    Same with employment.
    Growth will only come once we have recovered all that was forced to stop.
    "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.

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    Quote Originally Posted by Minister of Truth View Post
    What are the odds we avoid a recession this month?
    The mathematical formula as it relates to economic growth versus inflation to which this rule did not suddenly appear in 2020 when the economic disaster area tRump and his actors got the boot:

    Long-Run Inflation
    We now use the quantity equation to provide us with a theory of long-run inflation. To do so, we use the rules of growth rates. One of these rules is as follows: if you have two variables, x and y, then the growth rate of the product (x × y) is the sum of the growth rate of x and the growth rate of y. We can apply this to the quantity equation:

    money supply × velocity of money = price level × real GDP.
    The left side of this equation is the product of two variables, the money supply and the velocity of money. The right side is likewise the product of two variables. So we obtain

    growth rate of the money supply + growth rate of the velocity of money
    = inflation rate + growth rate of output.
    We have used the fact that the growth rate of the price level is, by definition, the inflation rate."

    https://saylordotorg.github.io/text_...flation%20rate.

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    Re teaching people on the subject of how hard life can be will help a lot.
    This illegal illegitimate regime that runs America is at fault...not me.... they do not represent me and I have long objected to their crimes against humanity.

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    If you believe that America is the best it has been in 37 years then you are too stupid to talk to.
    This illegal illegitimate regime that runs America is at fault...not me.... they do not represent me and I have long objected to their crimes against humanity.

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    Quote Originally Posted by Minister of Truth View Post
    What are the odds we avoid a recession this month?
    R U OFFING yourself next month?

    Try to think a little longer please.
    This illegal illegitimate regime that runs America is at fault...not me.... they do not represent me and I have long objected to their crimes against humanity.

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    Quote Originally Posted by gemini104104 View Post
    Despite repukes and their media sources of anti-Biden lies, smear tactics and disinformation from the beginning of the sewer element, this deplorable influence cannot get around the facts versus its lies to attempt the manipulate the thinking of society for uncivilized and evil reasons:

    Kevin McCarthy argued last year that Joe Biden's policies "have stalled our recovery," adding, "Bidenomics is bad for America." Yeah, about that...

    As a presidential candidate in 2016, Donald Trump made bold predictions about the kind of economic growth the United States would see if he were elected. Americans would celebrate, the Republican said, as annual GDP growth reached 4 percent for the first time in decades.

    It was among the most jarring of Trump's broken promises. Even before the pandemic, GDP growth in Trump's first three years failed to reach 3 percent."

    Bottom line:

    But as it turns out, the U.S. economy was able to reach growth rates unseen in a generation, but it happened under President Joe Biden."

    https://www.msnbc.com/rachel-maddow-...-high-n1288089

    AND ONCE AGAIN, MAGA WETS PANTIES!!!

    770AE39B-8E0A-481D-88F8-930EB7E8CE9A.jpg

    [B][SIZE=3]BWAAHAHAHAHAHAHAAAAHAHAHAHAAHAHAHAHAHAHAHAHHAHAHAH AHAHAHAHAHAAHHAHAHAHAHAHA
    Republican Congressman Ken Buck:
    “We’re at a time in American politics, that I am not going to lie on behalf of my presidential candidate, on behalf of my party. And I’m very sad that others in my party have taken the position that, as long as we get the White House, it doesn’t really matter what we say,”



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    Quote Originally Posted by T. A. Gardner View Post
    Madcow says something... So?

    Inflation is at its highest in almost half a century.
    Gas prices are the highest ever
    There are shortages of many basic goods and services due to supply bottlenecks in part created by Biden
    Consumer confidence is at a low and falling
    The employment rate is nearly flat
    GDP growth isn't keeping up with inflation
    The economy is shrinking in the last two months putting the nation on the verge of a recession.

    So, the Left and its sycophants may claim the economy is doing good but the reality is it sucks and nearly 90% of Americans know that.
    You need to pray harder, bitch. BWAAHAHAHAHAHAHAAAAHAHAHAHAAHAHAHAHAHAHAHAHHAHAHAH AHAHAHAHAHAAHHAHAHAHAHAHA!!
    770AE39B-8E0A-481D-88F8-930EB7E8CE9A.jpg
    Republican Congressman Ken Buck:
    “We’re at a time in American politics, that I am not going to lie on behalf of my presidential candidate, on behalf of my party. And I’m very sad that others in my party have taken the position that, as long as we get the White House, it doesn’t really matter what we say,”



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    Despite higher wages, inflation gave average worker a 2.4 ...https://www.cnbc.com › 2022/01/12 › higher-pay-eclip...
    Jan 12, 2022 — Despite higher wages, inflation gave the average worker a 2.4% pay cut last year · Inflation grew 7% in December from a year earlier, the U.S. ...

    This is what will cause a red Tsunami in November.

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