A Run of Strong Data Buoys Biden on the Economy

Today’s indictment is the big news, but, there IS this:

”President Biden and his aides are basking in what is arguably the best run of economic data to date in his presidency. Inflation is cooling, business investment is rising, job growth is powering on and surveys suggest rising economic optimism among consumers and voters.”

-NY TIMES

 

Lmao.

Run with it baby.

That left wing propaganda is stronk.

 

US debt was down graded
Gas prices are going up big time
Food prices are dramatically higher than they were 3 years ago
Housing market is horrible
Interest rates are hurting people as personal debt continues to skyrocket
Economy is a house of cards

 

That’s just baloney.

Cite that nonsense.

 

Debt downgrade


Fitch downgrades U.S. long-term rating to AA+ from AAA (cnbc.com)

Should I continue or do you have more BS to post?

 

Time is going to show Fitch wrong on that one. But, their reasoning has more to do with our political climate than the economy.

 

Lol the fact you don’t already know is what’s interesting.

 

I don't know because they don't exist.

 

Joe Biden, governing with competence and for the average American, even those in the Cult of Personality. After all, they seem unable to help themselves, so this task falls to those that can still think for themselves .

 

Incorrect, but I’m not surprised you believe that.

 

But the economy is in a shambles. I know because fox news told me!

 

As I’m not surprised you’ve offered NO proof.

 

Meanwhile, in the real world, people can't afford gas or groceries, evictions are at an all time high, foreclosures are at an all time high, auto loan delinquencies are at an all time high, charge card debt is at an all time high, withdraws from retirement accounts are at an all time high, and people can't afford to pay their student loans.

 

Right NOW, AmeriCANs are fully employed, inflation and pricing is down. Sorry Charlie, the bad economy tRaitor tRump supporters were depending on to oust President Biden ...
... isn't happening.

 

Americans have been fully employed for a long time now. Inflation is higher than when Biden took office, and prices have not rolled back so even 4% inflation means prices are 4% higher than the 9% that they were. That's 13%. And all of the other things I mentioned are all true.

 

Americans have become “fully employed” since President Biden became President. Of course demand, therefore inflation went up as we recovered from a pandemic that was EXACERBATED by tRaitor tRump’s inaction. So, generally, Americans are able to cope with current higher prices because they are making more. Also, I guess you haven’t noticed, but prices going up is an American “condition”; more so when republicans are in control; which is as out of control as our economy gets. Every thing else you’ve said is prejudicial bias.

 

The pot and the kettle had a similar exchange. Those dems claim to care the most about are not doing so well. Lets ignore that and give praise to our leader!

 

You keep flogging false equivalencies and than once destroyed by facts and reality, moving goals posts if you get someone to chase the rabbit. I'd suggest that's one level above really weak trolling. Cut the bait, it works better when you stoop to false equivalencies.

 

This must be why our credit score dropped

 

Nope. Goal posts are still sitting at how great life is under the man being glorified here today.

61% living paycheck to paycheck.
"Lower-income workers have been the hardest hit by price spikes, particularly for food and other staples, since those expenses account for a bigger share of the budget, studies show."

https://www.cnbc.com/2023/07/31/61p...re than half of all,according to a new report.

Poverty in the United States could reach highest level in over 50 years

https://www.povertycenter.columbia.edu/news-internal/coronavirus-forecasting-poverty-estimates

 

Yet you can't even admit that Trump left Joe a **** show, it must be embarrassing to be a closet Trump defender playing a non partisan. Clearly the charade does not allow you that elusive high ground seeked so desperately.

One for you to dodge from:
https://www.businessinsider.com/when-will-recession-start-2023-bank-of-america-forecasts-2023-8

 

Our credit score dropped, by a minor rating agency, more because of our unstable political landscape than anything to do with finance.

 

Who is in presidency and has plenty capabilities of shaping those political landscapes?

 

Really? No one not even tRaitor tRump has been able to bring Americans together. Actually, more than anyone, he’s the cause.

 

Our credit score was dropped because of 1/6 and the debt ceiling fight. Guess what, creditors don't like chaos. Yet, chaos is what Trump and his minions have inflicted on the US. If you were a foreign creditor, would you invest in a country where the frontrunner of one of the major parties attempted to install himself as a dictator against the will of the voters? Be honest. 1/6 is coming home to roost, impacting US finances.