Inflation soars 8.3% in April, hovering near 40-year high

[ExpressLane]

Excuse me squawk, it will take time to recover from the economic atrocities the the lawlessly hacked in tRump catastrophe created, mainly as a result of team grim reaper tRump's manufactured covid atrocity had on the entire global economy. Yet, there appears to be signs of a reversal of that atrocity:

Inflation finally shows signs of slowing in U.S.

https://www.cleveland.com/nation/2022/05/inflation-finally-shows-signs-of-slowing-in-us.html


COVID-19 to Plunge Global Economy into Worst Recession since World War II
https://www.worldbank.org/en/news/p...onomy-into-worst-recession-since-world-war-ii

The painful truth about Covid and the economy – Trump is to blame

“The recovery has been very strong,” Donald Trump said on Monday. Then the commerce department reported the US economy contracted between April and June at the fastest pace in nearly three-quarters of a century, which is as long as economists have been keeping track. The drop wiped out five years of economic growth.

It Was All a Lie review: Trump as symptom not cause of Republican decline

But pesky facts have never stopped Trump. Having lied for five months about the coronavirus, he’s now filling social media and the airwaves with untruths about the economy so he can dupe his way to election day.

The comeback “won’t take very long”, he reassured Americans on Thursday. But every indicator shows that after a small uptick in June, the US economy is tanking again. Restaurant reservations are down, traffic at retail stores is dwindling, more small businesses are closing, the small rebound in air travel is reversing.

What’s Trump’s plan to revive the economy? The same one he’s been pushing for months: just “reopen” it.

He wants the public to believe the shutdown orders that began in March caused the economy to tank in the first place, so reversing them will bring the economy back.

People can’t go back to work because there is very little work for them to do
Rubbish. It was the virus that caused the downturn, and its resurgence is taking the economy down again. The virus is surging back because governors reopened prematurely, before the virus was under control – at Trump’s repeated insistence.

The sequence of cause-and-effect is clear. The virus has surged most in states that were among the first to reopen, such as Florida, South Carolina, Texas and much of the rest of the sun belt."

https://www.theguardian.com/comment...ronavirus-us-economy-donald-trump-republicans

Inflation was 1.23% when Trump left office. Inflation was 7.9% before Putin attacked Ukraine. Obama was correct when he said "Never underestimate Joes ability to fuck things up."

 

[ExpressLane]

Biden is responsible for the worst inflation in 40 years.

 

[gemini104104]

Biden is responsible for the worst inflation in 40 years.

Are you pretending to be a fool or an actual fool?

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/countries/countries-by-gdp

Thanks to the majority and a secured and unhacked 2020 electoral process:

America’s return to the world

In the weeks prior to U.S. President Joe Biden’s inauguration, many believed that a heavy domestic agenda would leave him with little scope to break quickly and cleanly with Donald Trump’s purely transactional approach to diplomacy and reengage America in international affairs. But, fortunately for the United States and the world, the Biden administration’s efforts to date clearly indicate otherwise.

Biden forcefully outlined his strategic principles in a February 19 online speech to the Munich Security Conference. Soon afterward, Treasury Secretary Janet Yellen summarized America’s new approach to international economic issues in a remarkable letter to G-20 finance ministers. And on March 3, Secretary of State Antony Blinken comprehensively enumerated the administration’s foreign-policy priorities."
https://www.brookings.edu/opinions/americas-return-to-the-world/

 

[ExpressLane]

Are you pretending to be a fool or an actual fool?

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/countries/countries-by-gdp

We are sure you aren't pretending to be a fool. You really are a fool.

gemini104104;5099041==>

 

[gemini104104]

We are sure you aren't pretending to be a fool. You really are a fool.

gemini104104;5099041==>

You have demonstrated yourself as a dysfunctional and out of touch with reality miscreant. Goodbye and have a nice day as a sucker. Also take this note on your tomfoolery way out:

The Biden Boom: Economic Recovery in 2021
President Joe Biden took office one year ago amid one of the worst economies in generations, but the U.S. economy has since made tremendous progress toward recovery, and workers are benefiting.

More jobs were added, and unemployment fell faster than ever before
The U.S. economy has added jobs in record numbers since President Biden took office, gaining an average of 565,000 per month, and 6.2 million in total from January 2021 through December 2021. (see Figure 1)

The unemployment rate fell at a record pace (see Figure 2)—and much faster than economic experts projected before the passage of ARPA. (see Figure 3) Last February, the Congressional Budget Office forecasted that the U.S. unemployment rate would not reach 3.9 percent until 2026. Thanks to ARPA, that benchmark was reached four years earlier."

https://www.americanprogress.org/article/the-biden-boom-economic-recovery-in-2021/