The Biden Economy

[Oerets]

Originally Posted by Chicks

Trump Says Biden Plunging U.S. Into Depression. The Stock Market Hit a Record High
https://www.rollingstone.com/politic...et-1234928480/

Why does anyone listen to this idiot, Whell?

Some of the reasons they are so easily swayed and convinced of falsehoods.

1) Think the former guy was the greatest president in the countries history.
2) Believe the former guy is a successful honest businessman.
3) Satisfied he is also a practicing faithful christian.
4) The past election was full of fraud and the former guy won.
5) Climate change is all made up.
6) Putin is the U.S.A.'s friend.

Many more if time allowed......

Feel free to add some I missed.

[RickeyM]

Originally Posted by Oerets

Some of the reasons they are so easily swayed and convinced of falsehoods.

1) Think the former guy was the greatest president in the countries history.
2) Believe the former guy is a successful honest businessman.
3) Satisfied he is also a practicing faithful christian.
4) The past election was full of fraud and the former guy won.
5) Climate change is all made up.
6) Putin is the U.S.A.'s friend.

Many more if time allowed......

Feel free to add some I missed.

7) He's working for America and Americans.

[RickeyM]

Originally Posted by Chicks

Trump Says Biden Plunging U.S. Into Depression. The Stock Market Hit a Record High
https://www.rollingstone.com/politic...et-1234928480/

Why does anyone listen to this idiot.

Plunging the U.S. into depression? Mister tRump...

[Chicks]

CHART OF THE DAY: $174 trillion in assets shows that US consumers are in the best financial shape ever
https://www.businessinsider.com/us-c...bt-2023-12?amp

At the end of the second quarter, US consumers owned a collective $174 trillion in assets versus just $20 trillion in liabilities, giving them a net worth of just over $150 trillion. That's an incredibly healthy balance sheet that should help fuel continued resilience in the US economy.

Thanks, Joe!

[Chicks]

Dow posts third straight record close, S&P 500 scores longest weekly win streak in six years
https://www.marketwatch.com/story/s-...ation-67b11b58

Whell's World must be a hellish place, lol.

Thanks, Joe!

[Rajoo]

Everyone expected a recession. The Fed and White House found a way out.

After two years of relentless pressure over everything from sky-high inflation to a looming recession, the head of the Federal Reserve was asked this month what he does for fun.

“For me, a big, big party — and I mean, this is really as fun as it gets — is a really good inflation report,” Jerome H. Powell said before a crowd at Spelman College. He flashed a smile and laughed.

The economic gloom and doom fades away as the new year is around the corner. Will Jesus Johnson and his band of Freedumb zealots torch the recovery by forcing a default?
Quite likely in my opinion, if not an out and out default, certainly will do some damage.

https://www.washingtonpost.com/busin...omy-inflation/

[RickeyM]

Per the usual recent history, Repubs led by their president wreck the economy and the Dem president repairs it.

[Chicks]

Americans haven't been this optimistic about stocks since 2021
https://finance.yahoo.com/news/ameri...175058368.html

Keep up the great work, Joe!

[Chicks]

US labor market resilience keeps economy afloat as year ends
https://finance.yahoo.com/news/us-we...135314707.html

The smaller-than-expected increase in weekly jobless claims reported by the Labor Department on Thursday followed recent data showing retail sales unexpectedly rising in November, while single-family housing starts and building permits scaled 1-1/2-year highs. Those reports prompted economists to boost their growth estimates for the fourth quarter.

The economy had appeared in danger of stalling at the start of the quarter. There was even more good news on inflation, with other data on Thursday showing significantly more progress made toward returning it to the Federal Reserve's 2% target in the third quarter than previously reported.

"There is plenty to cheer about the economy, and next year should be even better as the Federal Reserve takes the brakes off the economy now that inflation is going their way," said Christopher Rupkey, chief economist at FWDBONDS in New York.

Sorry for all the great economic news, Whell. I know it pains you idiot MAGAMorons! Lol.

[Oerets]

Originally Posted by Chicks

US labor market resilience keeps economy afloat as year ends
https://finance.yahoo.com/news/us-we...135314707.html



Sorry for all the great economic news, Whell. I know it pains you idiot MAGAMorons! Lol.

Can only speak of my experiences.

It just seems that the MAGA minded to a high degree are either bad with their finances. Robbing Peter to pay Paul be a way to describe them.The majority BTW!
Or in the upper 10% of earners and hate giving anything back...

The first being bad with their money, will always be complaining about not having enough....
The other are savvy enough to see, only will hate admitting it in fear of paying a fair tax bill.