Thanks to President Biden, US Gross Domestic Product (GDP) increased by 5.7% in 2021.

BartenderElite said:
He's not even 2 years in - it takes time whenever a Dem has to clean up the economic mess left by Republicans.
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That is a flat-out lie.
https://thehill.com/opinion/finance/590451-how-biden-torched-the-trump-recovery/
This is from Jan 2002 -it's only gotten worse under Biden
As Biden first set foot in the Oval Office a year ago, real GDP was growing at 6.3 percent, inflation was 1.4 percent, the price of gasoline was $2.39 a gallon and Michigan’s consumer sentiment index stood at 79. Today, real growth has slowed to just over 2 percent, inflation is at 7 percent, gas is up to $3.31 a gallon and the Michigan Index is 68.8.

In addition, real wages dropped 2.4 percent over the past year, with inflation overwhelming pay hikes after several years of gains under President Trump.
 
dukkha said:
That is a flat-out lie.
https://thehill.com/opinion/finance/590451-how-biden-torched-the-trump-recovery/
This is from Jan 2002 -it's only gotten worse under Biden
As Biden first set foot in the Oval Office a year ago, real GDP was growing at 6.3 percent, inflation was 1.4 percent, the price of gasoline was $2.39 a gallon and Michigan’s consumer sentiment index stood at 79. Today, real growth has slowed to just over 2 percent, inflation is at 7 percent, gas is up to $3.31 a gallon and the Michigan Index is 68.8.

In addition, real wages dropped 2.4 percent over the past year, with inflation overwhelming pay hikes after several years of gains under President Trump.
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It's been much more mixed under Biden. You guys say he's been a disaster - but ignore Trump's complete economic incompetence, which takes time to fix. Anyone who knows economics knows that cycles & rebounds are measured in years, not months.

Absolutely NOT a lie. What a weird thing to say.
 
BartenderElite said:
It's been much more mixed under Biden. You guys say he's been a disaster - but ignore Trump's complete economic incompetence, which takes time to fix. Anyone who knows economics knows that cycles & rebounds are measured in years, not months.

Absolutely NOT a lie. What a weird thing to say.
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i just showed you your claim earlier is a major mistatement ( i wont call it a lie if it makes you feel better) about inflation under Trump.. do you want to talk about oil production? down from under Trump
GDP? Biden has led us into a technical recession (have you noticed jobless claims are going up?)
Labor participation rate? down from under Trump

but it's inflation that is the worse - real wages adjusted for inflation are down to negative territory

What has Biden done that's not a complete FUBAR?
 
gemini104104 said:
As a result of mitigating the disastrous economic affects of the former lawlessly hacked in tRump atrocity and its COVID-19 enabling influence decimating the domestic and global economies, it appears President Biden and Team have made extraordinary progress at reversing the impact that COVID-19 had on humanity and its economies. This as a result of creating the highest GDP rate in 37 years as of 2021. So where is the uptick in President Biden's approval rating in this regard, in particular, or is the un-American media propaganda sources of the tRump sewer with its seditious repukes still cooking up those bogus and Faux anti Biden and anti-American and anti humanity unrealistic polls?

Which states contribute the most or the least to GDP?
California, Texas, New York, Florida, and Illinois have the highest state GDP in the US. Combined, these states contribute 41% of the national GDP.

The states with the lowest GDP include Vermont, Wyoming, Alaska, Montana, and South Dakota. The combined GDP of these states accounts for 1.1% of US GDP.

To learn more about the US economy and the COVID-19 recovery, visit the COVID-19 Impact and Recovery Hub."

https://usafacts.org/articles/how-d...UuNbFId_RpOfxFpfLbS4_oreYhyAUfLl6jCcM0hNV12Lk
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You obviously smoke crack and are on welfare. A true government dependent democrat.
 
gemini104104 said:
As a result of mitigating the disastrous economic affects of the former lawlessly hacked in tRump atrocity and its COVID-19 enabling influence decimating the domestic and global economies, it appears President Biden and Team have made extraordinary progress at reversing the impact that COVID-19 had on humanity and its economies. This as a result of creating the highest GDP rate in 37 years as of 2021. So where is the uptick in President Biden's approval rating in this regard, in particular, or is the un-American media propaganda sources of the tRump sewer with its seditious repukes still cooking up those bogus and Faux anti Biden and anti-American and anti humanity unrealistic polls?

Which states contribute the most or the least to GDP?
California, Texas, New York, Florida, and Illinois have the highest state GDP in the US. Combined, these states contribute 41% of the national GDP.

The states with the lowest GDP include Vermont, Wyoming, Alaska, Montana, and South Dakota. The combined GDP of these states accounts for 1.1% of US GDP.

To learn more about the US economy and the COVID-19 recovery, visit the COVID-19 Impact and Recovery Hub."

https://usafacts.org/articles/how-d...UuNbFId_RpOfxFpfLbS4_oreYhyAUfLl6jCcM0hNV12Lk
Click to expand...

Thank you for this great news!... (That was sarcasm, dumbass) Could you tell us exactly WHAT the tater head actually did as far as "COVID-19 recovery"? Do you know what the GDP is? Gross domestic product (GDP) is the monetary value of all finished goods and services made within a country during a specific period.

With that being said, if everything being made during a period of high inflation costs 2 or 3 times as much, and if buying stays up, of course you're going to have a higher GDP. Right now, as we emerge from the pandemic (no thanks to your COVID-riddled zombie in the WH), we're getting out and stretching our legs a bit. That will soon become unsustainable. When this fucking recession settles in (and it IS a recession, despite your protestations and your attempts to redefine a recession), maybe you will finally be truly WOKE.
 
volsrock said:
ECONOMY
GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal

That follows a 1.6% decline in the first quarter and was worse than the Dow Jones estimate for a gain of 0.3%.

https://www.cnbc.com/2022/07/28/gdp-q2-.html

Thanks to Biden
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Thanks to President Biden and deal with the reality of it all:

Top 15 Countries by GDP in 2022
United States: $20.89 trillion.
China: $14.72 trillion.
Japan: $5.06 trillion.
Germany: $3.85 trillion.
United Kingdom: $2.67 trillion.
India: $2.66 trillion.
France: $2.63 trillion.
Italy: $1.89 trillion.

Top 15 Countries by GDP in 2022
https://globalpeoservices.com/top-15-countries-by-gdp-in-2022/


The American Economy And The ‘Biden Boom’

Reactions to President Biden’s State of the Union address focused on his call to action against Russian aggression in Ukraine. But the President also emphasized the economy, and while noting where we need to do more, he emphasized the economy’s strength since he took office—what economist Noah Smith has called the “Biden boom.”

Biden told us “Our economy grew at a rate of 5.7% last year, the strongest growth in nearly 40 years.” Recent data show applications to start new small businesses shot up in 2021, not only rebounding from the pandemic but “up about 30 percent compared to before the pandemic” and well above the trend of the past decade."
https://www.forbes.com/sites/richar...n-economy-and-the-biden-boom/?sh=305fc91533e4
 
The numbers: The Bureau of Economic Analysis released estimates today showing that in the second quarter of 2022, GDP fell at an annualized rate of 0.9%. That marks the second consecutive quarter of negative GDP growth (RECESSION).
 
gemini104104 said:
As a result of mitigating the disastrous economic affects of the former lawlessly hacked in tRump atrocity and its COVID-19 enabling influence decimating the domestic and global economies, it appears President Biden and Team have made extraordinary progress at reversing the impact that COVID-19 had on humanity and its economies. This as a result of creating the highest GDP rate in 37 years as of 2021. So where is the uptick in President Biden's approval rating in this regard, in particular, or is the un-American media propaganda sources of the tRump sewer with its seditious repukes still cooking up those bogus and Faux anti Biden and anti-American and anti humanity unrealistic polls?

Which states contribute the most or the least to GDP?
California, Texas, New York, Florida, and Illinois have the highest state GDP in the US. Combined, these states contribute 41% of the national GDP.

The states with the lowest GDP include Vermont, Wyoming, Alaska, Montana, and South Dakota. The combined GDP of these states accounts for 1.1% of US GDP.

To learn more about the US economy and the COVID-19 recovery, visit the COVID-19 Impact and Recovery Hub."

https://usafacts.org/articles/how-d...UuNbFId_RpOfxFpfLbS4_oreYhyAUfLl6jCcM0hNV12Lk
Click to expand...
Bullshit. Strangling the economy and then loosening the grip by 5.7% is no feat; it's just letting 5.7% more air into a still dying economy.
 
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