The Biden Economy

[RickeyM]

Originally Posted by Dondilion

Biden appears more sympathetic to the aspirations of the working class than anyone in the Republican line up.

However, what is basically operating against Biden is the permanence of inflation.

Originally Posted by Rajoo

As inflation falls, GOP may have to rethink attacks on Biden economy



It must absolutely suck to be a Repugnant.

No wonder Hunter is a major GOP obsession as they also mull over a President Biden impeachment. They do not know why yet, but the warriors of their movement, Six-gun BoBo, Lunatic MTG and Groomer Gaetz are beating the bushes in search of Biden's ill begotten wealth.

https://www.washingtonpost.com/busin...biden-economy/

When they're done maybe they can give tRump credit for inflation falling?

[Chicks]

Fox Business Host Praises ‘Strong Economy’ After Q2 Numbers Blow Past Expectations: ‘There Goes That Recession Talk’
https://www.mediaite.com/tv/fox-busi...ecession-talk/

[finnbow]

Originally Posted by Chicks

Fox Business Host Praises ‘Strong Economy’ After Q2 Numbers Blow Past Expectations: ‘There Goes That Recession Talk’
https://www.mediaite.com/tv/fox-busi...ecession-talk/

House Republicans announce plan to impeach Bidenomics on grounds it robbed them of their talking points.

[Chicks]

This week in Bidenomics: The most elusive recession ever
https://finance.yahoo.com/news/this-...182511179.html

What WILL the Repubes campaign on now?

[Chicks]

Faux “News” Host Says Republicans Should Prevent Biden From Having An ‘Economic Lane’ In 2024
https://dailycaller.com/2023/07/28/f...-lane-in-2024/

The propagandists of Whell’s World are sweating bullets about Biden’s economic successes. Good.

[donquixote99]

I expect the Repubs will do a government shutdown, and a long one, in the hopes of hurting the economy. Yes, they will create hardship for millions to try to gain political power.

[finnbow]

Since just before COVID, GDP growth in the USA has far outstripped all other G7 countries.

US +6.7%
Canada +4%
Italy +1.6%
France +1.3%
Germany +0.5%
UK -0.5%
Japan -1.1%

Moreover, GDP growth under Biden is now far greater that it was for Trump before COVID. Indeed under Trump, GDP growth was generally slower than all other G7 countries (despite his massive, budget-breaking tax cut).

[Rajoo]

To those of us in business, it was quite obvious that the inflation was caused by shortages in the supply chain in every category post Covid, from oil to semi conductor chips. A laser manufacturer told me once that they were unable to ship their lasers because common parts like connectors were unavailable. It took over two years for the supply chain to unclog, especially shipping itself due to shortage of sailing crew.

The Repugnants tried to make Biden the scapegoat and it fell with a thud. The Feds by attempting to control inflation may have avoided a major recession, or at least for now it seems like it.

So impeach Biden is now gaining steam, even Kev who is still smarting for being snookered by Biden on the debt ceiling is exploring impeachment of Biden.

[finnbow]

Originally Posted by Rajoo

...So impeach Biden is now gaining steam, even Kev who is still smarting for being snookered by Biden on the debt ceiling is exploring impeachment of Biden.

And if they don't impeach him, conservative talking heads are talking about giving Biden the death penalty.

https://www.mediamatters.org/charlie...crimes-against

[finnbow]

The surprises keep coming for the U.S. economy — and nearly all have been worth cheering lately. Growth was better than expected this spring. Inflation is cooling off faster than anticipated. Unemployment remains near half-century lows. Optimism is picking up. Consumer spending remains solid. Wages are now rising faster than inflation. UPS workers are not going to strike after the company gave them a large raise. The stock market is near all-time highs. Wall Street banks no longer predict an imminent recession. Business investment is picking up. Even housing appears to be turning around. The nation might be able to achieve what many experts deemed impossible: bringing down inflation without triggering mass layoffs and a downturn.

https://www.washingtonpost.com/opini...-no-recession/

Yet our boy Whell remains wedded to the thoroughly discredited supply-side nonsense.