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

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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.
    no....stop and think a minute.......if there is exactly the same rate of production and sales, but everything costs twice as much, does it appear as if GDP has doubled?.......now think, has it?....
    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
    no....stop and think a minute.......if there is exactly the same rate of production and sales, but everything costs twice as much, does it appear as if GDP has doubled?.......now think, has it?....
    The measure that shows the strongest economic growth in 37 years already factors in inflation.

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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
    What's all the more impressive is that, unlike any other time in history when we had growth that strong, no part of that was attributable to falling interest rates or rising deficits. Normally, when the economy is that hot, you have either growing monetary stimulus, growing fiscal stimulus, or both. In 2021, though, the deficit fell and rates were flat.

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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
    Rachel Madcow and MSNBS
    IMPEACH 46 FOR TREASON
    Biden/Harris 2024
    IT'S A NO BRAINER!


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    Quote Originally Posted by gemini104104 View Post
    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.
    Use a respectable source


    Cato is crap

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    Quote Originally Posted by Celticguy View Post
    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.
    It’s world wide dude


    Russia ducked everyone including themselves

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    Quote Originally Posted by Hawkeye10 View Post
    Re teaching people on the subject of how hard life can be will help a lot.
    Republicans love to crash the economy

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    Quote Originally Posted by Earl View Post
    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.

    It’s world wide


    Thank your hero Putin asshole

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    Quote Originally Posted by Mina View Post
    What's all the more impressive is that, unlike any other time in history when we had growth that strong, no part of that was attributable to falling interest rates or rising deficits. Normally, when the economy is that hot, you have either growing monetary stimulus, growing fiscal stimulus, or both. In 2021, though, the deficit fell and rates were flat.
    They only care about the deficit when they can use it to fool their minions

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    Quote Originally Posted by evince View Post
    It’s world wide


    Thank your hero Putin asshole
    It started MONTHS before Putin attacked Ukraine.
    IMPEACH 46 FOR TREASON
    Biden/Harris 2024
    IT'S A NO BRAINER!


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    Quote Originally Posted by evince View Post
    Link
    https://www.wsj.com/articles/it-isnt...es-11649792567

    This Isn’t Putin’s Inflation

    The price rises began long before Russia invaded Ukraine and will be hard to stop.
    IMPEACH 46 FOR TREASON
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    Quote Originally Posted by ExpressLane View Post
    https://www.wsj.com/articles/it-isnt...es-11649792567

    This Isn’t Putin’s Inflation

    The price rises began long before Russia invaded Ukraine and will be hard to stop.
    Can’t read it asshole

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