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Biden creates an economic crisis--Unemployment, Inflation, risk of STAGLFATION increasing


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2 hours ago, Bockeye said:

Most people I treat with civility, but you continually post abrasive comments. Let me put it like this - you’re an idiot. THE ECONOMY WAS JUICED WITH $6 TRILLION IN PANDEMIC AID LAST YEAR!

 

but carry on……


And lastly - the fact is - Democrats deliver on the economy.

 

Dispute it

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5 hours ago, BillStime said:


And lastly - the fact is - Democrats deliver on the economy.

 

Dispute it

https://www.cnbc.com/id/35694762

 

http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877322,00.html

 

https://www.aa.com.tr/en/americas/obamas-economic-failures-outweigh-successes/691847

Edited by Tenhigh
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42 minutes ago, billsfanmiamioh said:

It’s hilarious to watch lefties try and spin the current situation. 


Hilarious - another Republican POTUS handing off an economic disaster and watching a Democrat clean up their mess.

 


What’s laughable is watching the cult get spastic over facts when Conalds super amazing economy needed a bailout in MARCH 2020 - when Trump will still telling us Covid would go away any day now.

 

giphy.gif?cid=5e214886td298jjm710uuxfn9t

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2 hours ago, BillStime said:


Hilarious - another Republican POTUS handing off an economic disaster and watching a Democrat clean up their mess.

 


What’s laughable is watching the cult get spastic over facts when Conalds super amazing economy needed a bailout in MARCH 2020 - when Trump will still telling us Covid would go away any day now.

 

giphy.gif?cid=5e214886td298jjm710uuxfn9t

I feel like you are getting paid to post this stuff. Going by your dipcrap logic Q3 2020 was sharpest GDP spike ever!  And Trump did it WITHOUT A VACCINE!!!

 

 

See how easy it is to twist facts to make a idiotic argument?  Try to be a decent person bud.  You'll have a better life.

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37 minutes ago, Tenhigh said:

I feel like you are getting paid to post this stuff. Going by your dipcrap logic Q3 2020 was sharpest GDP spike ever!  And Trump did it WITHOUT A VACCINE!!!

 

 

See how easy it is to trust facts to make a idiotic argument?  Try to be a decent person bud.  You'll have a better life.

His teams playbook never changes 😂

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1 hour ago, Tenhigh said:

I feel like you are getting paid to post this stuff. Going by your dipcrap logic Q3 2020 was sharpest GDP spike ever!  And Trump did it WITHOUT A VACCINE!!!

 

 

See how easy it is to trust facts to make a idiotic argument?  Try to be a decent person bud.  You'll have a better life.

See the bold above. You're more correct than you know. Here's a hint...don't feed the junior high schoolers.

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23 hours ago, Bockeye said:

Most people I treat with civility, but you continually post abrasive comments. Let me put it like this - you’re an idiot. THE ECONOMY WAS JUICED WITH $6 TRILLION IN PANDEMIC AID LAST YEAR!

 

but carry on……


How is posting a tweet that lists a stat that’s easy to confirm as being fact abrasive?

 

We have a long history showing that GDP performs better under Democrats than Republicans:

 

screen-shot-2014-07-29-at-11-05-52-am.pn

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1 hour ago, Backintheday544 said:


How is posting a tweet that lists a stat that’s easy to confirm as being fact abrasive?

 

We have a long history showing that GDP performs better under Democrats than Republicans:

 

 

 

We also have a long history of knowing that GDP is a lagging indicator.

 

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23 hours ago, SoCal Deek said:

See the bold above. You're more correct than you know. Here's a hint...don't feed the junior high schoolers.


Jr High??   Too kind sir…too kind. 

10 hours ago, Backintheday544 said:


How is posting a tweet that lists a stat that’s easy to confirm as being fact abrasive?

 

We have a long history showing that GDP performs better under Democrats than Republicans:

 

screen-shot-2014-07-29-at-11-05-52-am.pn


Question.  How much of that GDP is lagging? 

8 hours ago, sherpa said:

 

We also have a long history of knowing that GDP is a lagging indicator.

 


Sorry didn’t see your point until I posted mine. 😏

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On 1/29/2022 at 9:09 AM, Backintheday544 said:

We have a long history showing that GDP performs better under Democrats than Republicans:

 

screen-shot-2014-07-29-at-11-05-52-am.pn

 

And for completeness, annual GDP growth under Trump was about 2.5% before 2020.

 

This bar graph can be a bit misleading, however, and for a different reason than the “lagging indicator” that Sherpa and Chef Jim mention. In practice, the economic policies (tax codes, labor regulations, trade agreements, etc.) of the Clinton and Obama administrations had more in common with those of Reagan, the Bushes, and Trump than they did with those of Truman, Kennedy, Johnson, and Carter. So I would pay less attention to the blue/red disparity and more to the chronological one. Annualized GDP growth between WW2 and 1980 was about 4%, but only about 2.5% since neoliberalism took effect.

 

Of course, GDP is also a very misleading singular metric if you’re trying to gauge economic health. It tells us nothing about how that growth is distributed among the population. I recommend looking into labor market mobility metrics and data such as real wage growth (i.e. NOT nominal) relative to major costs of living factors (housing, education, health care, etc.).

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Hahahahahahahahahahahaha.

 

 

White House Already Doing Damage Control Ahead of Friday Jobs Report

 

 

White House press secretary Jen Psaki told reporters the jobs report, which which will be released Friday, will appear disproportionately bad, citing the ongoing surge in COVID-19 cases.

 

"Because Omicron was so highly transmissible, nearly 9 million people called out sick in early January when the jobs data was being collected," Psaki explained. "The week the survey was taken, the week of Jan. 12, was at the height of the Omicron spike."

 

"So we just kind of wanted to prepare people to understand how the data is taken, what they're looking at, and what it is an assessment of," she continued. "As a result, the jobs report may show job losses in large part because workers were out sick from Omicron at the point when it was peaking during the period — the week when the data was taken."

 

While it is completely fair for the White House to explain why the forthcoming jobs report may be skewed to appear worse than it actually is, the White House is engaging in a sly double standard.

 

The Biden administration worked overtime to take responsibility for allegedly creating more jobs in 2021 than any previous presidential administration. For example, Biden said in early January, "We added 6.4 million jobs last year. That’s the most jobs in any calendar year by any president in history."

 

In promoting the alleged accomplishment, the Biden administration obscured the fact that most of those jobs were not new — but instead were Americans returning to the workforce after the COVID lockdowns ended. Now, however, the White House wants to absolve itself from dismal jobs numbers by blaming the pandemic.

 

The good outcomes are attributed to Biden, while the bad ones are blamed on the pandemic.

 

https://www.theblaze.com/news/white-house-does-preemptive-damage-control-over-possibl

 

 

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5 hours ago, B-Man said:

 

 

 

Hahahahahahahahahahahaha.

 

 

White House Already Doing Damage Control Ahead of Friday Jobs Report

 

 

White House press secretary Jen Psaki told reporters the jobs report, which which will be released Friday, will appear disproportionately bad, citing the ongoing surge in COVID-19 cases.

 

"Because Omicron was so highly transmissible, nearly 9 million people called out sick in early January when the jobs data was being collected," Psaki explained. "The week the survey was taken, the week of Jan. 12, was at the height of the Omicron spike."

 

 

Wait so people out with the cold are counted as unemployed??  :huh:

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Biden stands next to ‘lowering costs for families’ sign & says he understands frustrations of Americans paying a lot more for everything

 

bidencosts.jpg

 

President Biden today said he’s going to “work like the devil” to get gas prices down, but inflation was also addressed. What makes it even more ludicrous is that Biden said he knows families are paying a lot more amid rising inflation, all while standing over a “lowering costs for families” Build Back Better sign:

 

 

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MAKE AMERICA DEPENDENT AGAIN: 

 

As Oil Nears $100, Saudis Snub U.S., Stick to Russian Pact Amid Ukraine Crisis.

 

Rising oil prices and fears of a Russian invasion of Ukraine have created a dilemma for Saudi Arabia: Help the West by pumping more crude to tame the market, or stand by a five-year-old oil alliance that is helping Moscow at the expense of Washington.

 

For now, the world’s largest crude exporter is sticking with Russia.

 

President Biden has repeatedly called on Persian Gulf producers to pump more oil to reduce gasoline prices that, for Americans, are about twice as high as they were earlier in the pandemic. Those calls have grown more urgent as oil prices have risen toward $100 a barrel for the first time in nearly eight years, and threaten to go higher amid a Russian troop buildup along the Ukrainian border.

 

Instead, the Saudis have said they won’t pump more than they agreed to last year as part of a deal between the Organization of the Petroleum Exporting Countries and Russia, an alliance called OPEC+. That pact allows for production increases of 400,000 barrels a day each month, but it has done little to stem the rise in oil prices, and the Saudis have pumped less than their share, according to the International Energy Agency.

 

On Wednesday, Brent crude, the international oil benchmark, rose 1.1% to $94.26 a barrel. It has surged over 20% this year.

 

 

 

Joe Biden did that.

 

https://www.wsj.com/articles/as-oil-nears-100-saudis-snub-u-s-stick-to-russian-pact-amid-ukraine-crisis-11645015415

 

 

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Sleepy Joe’s assault on the fossil fuel industry ( and our wallets ) continues. If he and Secretary Pete have their way we’ll be riding scooters and bicycles on the freeway so the roads are “ safe “ for all. This administration unabashedly hates cars, the suburbs and individual freedom. 

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On 2/10/2022 at 5:13 PM, B-Man said:

 

 

Biden stands next to ‘lowering costs for families’ sign & says he understands frustrations of Americans paying a lot more for everything

 

bidencosts.jpg

 

President Biden today said he’s going to “work like the devil” to get gas prices down, but inflation was also addressed. What makes it even more ludicrous is that Biden said he knows families are paying a lot more amid rising inflation, all while standing over a “lowering costs for families” Build Back Better sign:

 

 

 

I know this is an out of context snip but what in the world was he saying in the last 5 seconds?  :huh: :wacko:

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2 minutes ago, B-Man said:

 

 

COULD’VE JUST STOPPED WITH “BIDEN DISHONEST.” 

 

Obama official: Biden “dishonest” to blame inflation on supply-chain crisis.

 

https://hotair.com/ed-morrissey/2022/02/17/obama-official-biden-dishonest-to-blame-inflation-on-supply-chain-crisis-n449277

 

 

 

 

Again not sure how dishonest he is but dammit.  Do something about it.  :wallbash:

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THEY’RE TOO KIND: 

 

‘Looks Like Jimmy Carter’: ABC Panel Torches Biden Over Inflation, Economy.

 

Bad as Carter was as president, he was basically decent and did learn a bit on the job. He asked for big hikes in defense spending after the Soviets invaded Afghanistan, and appointed inflation hawk Paul Volcker to chair the Fed.

 

Biden shows no willingness or ability to learn on the job, and given his increasing senescence, will only get worse.

 

https://www.newsbusters.org/blogs/nb/kevin-tober/2022/02/20/looks-jimmy-carter-abc-panel-torches-biden-over-inflation-economy

 

 

 

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Home prices rose 18.8% in 2021 - the biggest increase in 34 years 

by Keith Griffith

 

US home prices saw their biggest increase in at least 34 years in 2021, according to data released Tuesday, as buyers spent the year snapping up homes and builders struggled to keep up. Home prices surged 18.8 percent last year, according to the S&P CoreLogic Case-Shiller US National Home Price index, the biggest jump since its creation and much more than the 10.4 percent jump seen in 2020. 

 

https://www.dailymail.co.uk/news/article-10540315/Home-prices-rose-18-8-2021-biggest-increase-34-years.html

 

 

 

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Listen guys, Kamala told us that the cost of everything is going to go up. 

 

All self inflicted.  No underlying issues in February of 2020.  Nice job all around. 

 

 

Just got the alert it is now more expensive to rent then own a home in 26 of the 50 largest urban areas.   

 

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