Oh oh! Bad news for The Party of Trump: the country is doing well...

So for those who think Biden has tanked the economy and we are all f***ed, what policy is Trump offering that will change the economy?

 

MAGrateA’s…???? When we can all speak English let me know so we can have a conversation

 

Yes, it made them very angry.

 

So, first of all, no, America does not have to fix all of the world's problems. In fact, we seem to manage to blunder around creating bigger problems. That said, WE DO NOT OWE A THING to all the migrants headed our way. The same old White/American guilt thingy has gotten old and needs to be put to rest.

When we allow migration we are building on what has made this country such a world force; the diversity of the people who immigrate here. That does not mean open door, anyone can come here. We get to choose who comes here and we should not be allowing people who have no skills, no means of support, will only be a burden to our social welfare systems and for damn sure, not anyone with bad intentions towards us.

The idea of processing applications for immigration/asylum at offices overseas is twofold;

First, and foremost, stop the dangerous, expensive, DANGEROUS treks to our borders. There's an entire industry along our border that exists to take advantage of these people. We can and should stop that.
Second, we can much better control migration to our country if we do the initial processing overseas. We can publicize clear standards for immigration/asylum, so people pretty much know if they will qualify. If they won't they can go elsewhere or whatever, but they won't be endlessly crossing our borders ILLEGALLY. Under this program crossing ILLEGALLY would get you nothing but deported.

As far as VISA bonding, it doesn't have to be a major deal. People get bonded all the time, it isn't expensive and it isn't complicated. For example, if you want to come here and harvest our produce you will be looking for a job with one of the dozens of companies that travel around harvesting produce. They can bond you, bring you here, and you can work. At the end of the season you go home. If you don't the company is on the hook for your bond, and/or for getting you out of the country. Think about how a bond works for a criminal case; you pay usually 10% of the bond and if you show up etc. all is good. If you don't the bonding company can be on the hook for the other 90% so they go find you and bring you in.
Same could be set up with visas, whether work, medical, education, etc.

Half of the ILLEGAL migrants in this country came here legally with a visa and simply never left.

 

Huh? CPI-U is one of the mainstays in long term economic data.

 

Economic indicators are not about popularity.

 

Government is not responsible for growth; only the degree in which growth is hindered. Maybe these Trump supporters just want to keep more of the fruits of their labor. Sour grapes come from unwillingness to do the work.

 

under President Biden’s administration:

• The U.S. economy added 13.2 million jobs since Biden took office, surpassing the total before the pandemic1.
• The unemployment rate dropped to the lowest in nearly 54 years1.
• There were over 1.6 job openings for every unemployed job seeker1.
• The S&P 500 has increased 20.2%1.
• In the third quarter of 2023, real GDP grew at a 4.9 percent annual rate.
  
• The percentage of Americans without health insurance has gone down by 1.3 percentage points1.
• U.S. crude oil production has increased 8.2%; imports are up 7.3%1.

True, there are a few negatives, as there is for all US Presidents, but not bad, overall.

I'd say we definitely need to rehire Biden, and Trump is a threat to National Security, hence he has been indicted.

 

Yeah, when the numbers are good, the President isn't responsible.

When the numbers are bad, he is responsible.

Got it.

Doofen, we're getting tired of your routine.

 

yeah, Fox,. it was sued for $787 million, for.......lying.

Got it. I'm not putting much faith in their interpretation of data.

FYI, QE occurred extensively during the pandemic, which includes Trump, in which the cares act resulting in a few trillion new fiat dollars.

The QE under Obama was due to the crash in 2008, which occurred on Bush's watch, but the money didn't circulate the economy like the QE of the CARES ACT and the ARP (Trump/Biden) respectively did.

BING AI reports:

The Quantitative Easing (QE) under Obama did not result in the kind of inflation that occurred during the QE done throughout the pandemic due to several reasons:

1. State of the Economy: The state of the economy was already deflationary when QE began. The Great Recession had caused financial institutions to collapse and there was a high degree of economic uncertainty, leading people and businesses to hoard their money rather than risk investment and potential loss1.
   
   
2. Use of QE Funds: Banks used the funds from QE to shore up their balance sheets and buffer toxic assets, rather than creating new loans. This meant that most of the extra money stayed in the financial sector1.
   
   
3. Fractional Reserve Banking System: We live under a fractional reserve banking system whereby the money supply is more than just the amount of physical coins, paper money, and bank deposits in the system1.

On the other hand, inflation during the pandemic-era QE was influenced by different factors:

1. Global Commodity Prices: There were sharp increases in global commodity prices2.
   
   
2. Sectoral Price Spikes: The pandemic induced kinks in supply chains and caused a huge shift in demand from services to goods, leading to sectoral price spikes2.
   
   
3. Labor Market Conditions: The tightening of the labor market as captured by the ratio of job vacancies to unemployment also contributed to inflation3.
   
   
4. Pass-through from Past Shocks: There was a pass-through into core inflation from past shocks to headline inflation3.

It’s important to note that these are complex economic phenomena with multiple contributing factors, and this is a simplified explanation.

 

Government is never responsible for growth; only the degree in which growth is hindered.

 

Biden struck his staff against a rock and said "Let there be jobs" and jobs appeared. Let us rejoice!

 

Powell is following the Volcker playbook, since he had to get a much worse inflation under control. He was appointed by Carter, but Carter was a neoliberal. My guess is that Biden left him on the job for stability reasons. As much as everyonee hates the high rates, but, given the massive QE that was necessary during the pandemic, the rates are necessary to prevent the runaway inflation that such QE sent right to the spending sectors might cause.

 

As usual, Doofen offers yet another simplistic claim, and, like most your simplistic claims, is inaccurate. Don't you ever get tired of doing this?

Okay....so, while it’s true that the private sector plays a crucial role in economic growth, the government also has significant influence. Here’s why:

Governments are often responsible for significant infrastructure projects, such as roads, bridges, airports, and utilities. These projects can stimulate economic growth by improving efficiency and productivity.

Governments fund education and training programs, which can enhance the skills of the workforce and lead to economic growth.

Governments often fund or subsidize research and development activities, which can lead to new technologies and industries, driving economic growth.

While excessive regulation can hinder growth, some level of regulation is necessary to ensure fair competition and protect consumers and the environment.

Through fiscal policy (taxation and government spending), governments can influence the level of economic activity.

Central banks (which are part of the government) control monetary policy, influencing interest rates and money supply, which can stimulate or slow down economic growth.

So, while it’s true that poorly designed policies can hinder growth, well-designed government policies can also stimulate growth.

It’s a balance.

So, if you don't believe me, go to some anarchy somewhere, where there is no infrastructure, only people struggling to survive off the and, and start a business, say, a swimming pool business. Oops! No swimming pools. No roads, no trucking industry, hospitals, land use authority, zoning commissions, etc etc etc all of which, and I'm just mentioning the tip of the iceberg, are necessary to promote and coordinate growth in a private sector that wants to live in a manner above how savages live.

 

Nice strawman.

My research indicates:

The Infrastructure Investment and Jobs Act is projected to create around 650,000 jobs. The jobs created by this act are expected to have an average pay of about $70,000 a year.

On the other hand, the CHIPS Act has already sparked over $200 billion in company investments and is expected to create approximately 44,000 jobs throughout the U.S. semiconductor supply chain.

These jobs in the in both the infrastructure act and chips semiconductor sector support jobs throughout the broader U.S. economy.

 

And so, what? you think Republicans are the answer? They contributed to that inflation. QE (quantitative easing) began when the pandemic began, under Trump.

 

Ironic that someone making wordy posts defending incompetency asks if I am tired.

You made a good case for minimal government.

 

The general public could care less about the GDP. They are more interested in the price of groceries.

 

Thank you for replying to my cult joke.


We have been paying taxes to maintain infrastructure for many years, yet CA roads are the worst in the nation. Now we have a gas tax on top of a gas tax on top of increased registration fees and I still can't have a cup of coffee on my way to the office.

Did you notice the new Fastrack lanes in your area? (AKA Lexus lanes) Did you get your transponder or are you among the majority of drivers that can't afford to use the roads you paid for?

Thank you for another great example.

 

I don't think Trump can win. He is getting too old and his powers/charisma/energy is fading. I will vote for him but it makes me sad.

 

Charisma?

 

It looks like Liberals and Conservatives will be playing 'tug of war' with the issue of whether 'Bidenomics' is successful or not for a few months on into the future. But I think we'll get some undeniable signs, one way or the other, by about the end of Q1, 2024.

Meanwhile, whether anybody wants to think about it or not, our NATIONAL DEBT VERSUS GDP RATIO IS 121%. "Have a nice day" while you ruminate on THAT....

 

Sure they are. The people know whats up despite the bull**** narrative left wingers push. We see it everytime we spend money. Continue to deny reality at your own expense.

 

He draws in massive crowds

 

But it says almost nothing about where real wages are at and I meant to respond to the chart that NOOne posted in response the one He claims proves that real wages are up even the it is printed right on it that they aren't