The Biden Economy

[RickeyM]

Originally Posted by Oerets

The Republican plan for years has been to bankrupt the country. In order to force cutting the programs they hate. As no longer any money left to pay for social programs, safety nets, SS, Medicare.

Still trying to wrap my head around how their voters who depend on those programs get convinced that doing away with said programs will benefit them.

[Oerets]

Originally Posted by RickeyM

Still trying to wrap my head around how their voters who depend on those programs get convinced that doing away with said programs will benefit them.

You and me both.
Much akin to being a Union member or any 9 to 5, part time worker and voting Republican...

[Rajoo]

Originally Posted by Oerets

The Republican plan for years has been to bankrupt the country. In order to force cutting the programs they hate. As no longer any money left to pay for social programs, safety nets, SS, Medicare.

Efforts to kill Obamacare made it popular. Trump says he’ll try again.

And on cue, here we are again with Trump promising once again to kill Obamacare. Actually the word Obama from care is what he wants to kill, but the only way is to kill it all.

Most Republican politicians have now figured out that talking about health care is a political liability, so they’ve shut up about it. In the 2022 midterms, for instance, health care was the second-most-frequently featured topic in Democrats’ campaign ads (behind abortion); in Republicans’ ads, health care did not even crack the top 20 issues, according to data from AdImpact.

Trump hasn’t gotten the message, though. Over the weekend, he declared on social media that the failure to terminate Obamacare during his presidency “was a low point for the Republican Party, but we should never give up!”

https://www.washingtonpost.com/opini...ty-repeal-aca/

[finnbow]

The U.S. economy grew at a 5.2% annualized rate in Q3, up from the 4.9% rate estimated a month ago.

[Chicks]

Originally Posted by finnbow

The U.S. economy grew at a 5.2% annualized rate in Q3, up from the 4.9% rate estimated a month ago.

But... but... Her emails!

[Oerets]

Originally Posted by Chicks

But... but... Her emails!

They have moved onto Laptop and **** pics.....

[whell]

Originally Posted by finnbow

The U.S. economy grew at a 5.2% annualized rate in Q3, up from the 4.9% rate estimated a month ago.

Typical - only 1/2 the story. The AP ran the same story, but buried way at the end:

The Organization for Economic Cooperation and Development forecast Wednesday that the U.S. economy will expand just 1.5% in 2024, down from 2.4% in 2023, as the Federal Reserve’s interest rate increases — 11 of them since March 2022 — continue to restrain growth.

Also this: The Organization for Economic Cooperation and Development forecast Wednesday that the U.S. economy will expand just 1.5% in 2024, down from 2.4% in 2023, as the Federal Reserve’s interest rate increases — 11 of them since March 2022 — continue to restrain growth.

The Conference Board and the Fed agree with this. So, while one-quarter of more robust growth is welcome, there's not much optimism that such growth is sustainable in the current high debt, high inflation environment.

[finnbow]

Originally Posted by whell

Typical - only 1/2 the story. The AP ran the same story, but buried way at the end:

The Organization for Economic Cooperation and Development forecast Wednesday that the U.S. economy will expand just 1.5% in 2024, down from 2.4% in 2023, as the Federal Reserve’s interest rate increases — 11 of them since March 2022 — continue to restrain growth.

Also this: The Organization for Economic Cooperation and Development forecast Wednesday that the U.S. economy will expand just 1.5% in 2024, down from 2.4% in 2023, as the Federal Reserve’s interest rate increases — 11 of them since March 2022 — continue to restrain growth.

The Conference Board and the Fed agree with this. So, while one-quarter of more robust growth is welcome, there's not much optimism that such growth is sustainable in the current high debt, high inflation environment.

Forecasts for 2024 are just that - forecasts (and many such forecasts were predicting a recession or runaway inflation (neither of which happened)). OTOH, the attached graph shows actual economic performance in 2023 to be close to the ideal for the year (i.e., 2-3%) and inflation at 3.2%, significantly improved over the past year and just slightly above the ideal (~2%).

All in all, Biden's economy is doing far better than conservative critics were doomcasting. Sorry for the upsetting your narrative.

[Rajoo]

Originally Posted by whell

Typical - only 1/2 the story.

Refuting an actual with a forecast? Brilliant.
Its pissing on yourself instead of throwing darts.

[Chicks]

Originally Posted by Rajoo

Refuting an actual with a forecast? Brilliant.
Its pissing on yourself instead of throwing darts.

Poor Whell. He simply can't abide facts that refute his ongoing narrative. Sad little Trumpkin.