The 4 Big Lies (And 1 Terrible Truth) In Biden’s ‘Bidenomics Is

Biden's Bogus Job Chart Was Fact-Checked on Twitter.

 

I don't put much honesty in the government's inflation numbers. Our government lies to us and always will plus they manipulate numbers. I put a lot of stock when I see the big increases in prices when I buy an appliance, buy groceries, eat at a restaurant, get a bite from a fast food place, see my gas price go up, and my electric bill increases. Most people I talk to see and recognize the same. We got big inflation right now. I don't want to hear the government saying it's coming down. Don't believe anything you hear and only half of what you read.

 

what in the republicans' or trump's record suggests that those would be priorities of the trump 47 regime?

 

Just everything.

 

It will be about 24% higher than when he took office by the time the election comes around. Inflation is cumulative and piles on top of itself unless we have some deflation. His and others trying to "brag" it has fallen to around 5% from his high of 9% is utter folly it should never have gotten that high to begin with. I don't think it will go away as Democrats hope for along with the higher interest rates and not just Bidenflation but Bidenstagflation.

 

The 4 Big Lies (And 1 Terrible Truth) In Biden’s ‘Bidenomics Is

that people fall prey to the words of politicians.

 

Who cares about Trump? I am talking about the here and now.

 

this was YOUR big issue in 20922. what have the majority repubs done since then?

 

BIDENOMICS - MANUFACTURING IN CONTRACTION: U.S. manufacturing activity hits record low in June.

'"The health of the U.S. manufacturing sector took a sharp turn for the worse in June, adding to concerns over the economy potentially slipping into recession in the second half of the year," said Chris Williamson, the chief business economist at S&P Global Market Intelligence. "Leading the darkening picture was a severe drop in demand for goods, with new orders slumping at a rate among the steepest since the global financial crisis of 2009."'

CRUSHED HOPES

INFLATION
'A survey published last week by the Federal Reserve Bank of Dallas finds that inflation is still creating headwinds for manufacturers. Respondents said the cost of new materials, parts and shipping are on the rise. Spending from end users, meanwhile, remains on the decline.'

'S&P's Purchasing Managers' Index for the manufacturing sector was 46.3 in June, down from a reading of 48.4 in May. A reading below 50 suggests a contraction and June's was the worst so far this year.'

'"Manufacturing performance has deteriorated in seven of the last eight months," S&P's report read.'

'"Demand remains weak, production is slowing due to lack of work'

Biden and the Dems just had to have their successive $Trillion Red Ink Orgies.

 

If it werent for red states and red counties in blue ones, we’d already be in a big recession now.

 

Those interest rates are crippling multiple industries.

The desire for a never ending gravy train to buy votes was warned over and over by conservatives. But the mentality of the left was that as long as they got stimulus, debt forgiveness, and a host of other things.... they didn't care.

Inflation is largely the result of bad economic inputs. Now that inflation is coming down as a results of massive interest rate hikes, the economy is cooling and people who spent like drunken sailors are going to find themselves in a world of hurt.

As is typical, this is a Democrat "fix" for something they broke.

 

Thise are the only contributing factors?

 

Republicans have no leg to stand on in this issue. Trump's whole tax cut was a stimulus paid for by borrowed money. I haven't heard Republicans warning that the tax cut would cause inflation. No, they only scream when a Dem is in office. And they screamed "inflation" for Obama's whole 8 years. Yet, nothing happened. Now, they think they are vindicated. Oh, yes, a broken clock is also right once a day.

 

You have some revisionist memory.

https://apnews.com/article/joe-bide...barack-obama-07fec15628ceee80cb702089287d3aa4

https://www.google.com/amp/s/www.fo...-forgiveness-and-debt-relief-initiatives/amp/

https://www.pewresearch.org/short-r...-the-us-is-providing-too-much-aid-to-ukraine/

 

Actually the Trump tax cuts brought in far more revenue to the federal government than it had before. They also triggered very low unemployment numbers for every demographic and caused working and middle class real wages to increase.

 

Haha, your revisionist history:

Link 1: It is easy to vote against debt relief after the great recession, when your party is in the minority. In fact, that's the GOP MO, austerity when a Dem is in office, spend like drunken sailors when a Republican is in office.

Link 2: Loan forgiveness? Really? How can loan forgiveness add to inflation when it never happened? As to why Republicans are against it, see point 1.

Link 3: Too much aid for Ukraine? Yep, Putin's propaganda is working well with the US right wing.

 

Why, then, did Trump increase the deficit form $0.6 to $1 trillion, even before covid? Inquiring minds would like to know. Oh, and before the typical "but Dems" deflection, The GOP had ALL branches of government in Trump's first two years.

 

That’s easy. Congressional spending rose faster than the increase in revenues did. The deficits and debt expanded. If I got a 10% raise and increased my spending by 20% my debt would go way up even with more revenue. Repealing/Expiring the Trump tax cuts will cause a loss of revenues and either trigger a recession or deepen the one in progress then.

 

Ever heard of an economic metric called the Misery Index…? It simply combines the current inflation rate with the unemployment rate. Try comparing the current measure with that of your ‘heroes’…

 

Correct, when the "flatten the curve" has went on for multiple years and it appears that there is no end in sight to stimulus, at some point people start to say "hey, we should get back to work".

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http://politicalforum.com/index.php?posts/1072497514/


Back in early 2021:

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Well, now we have had enough time.

You can believe that was driven by politics because you disagreed at the time and now you don't want to own up to the repercussions. That isn't revisionist history, that's you making excuses for a poor agenda that we told you would happen.

How do you think the government is capable of forgiving loans without printing money? Even US based education loans already paid out to Universities and Colleges in real dollars. Simply wiping them away would absolutely cause inflation just like any other printing money (or alleviating debt with a pen) would.

And that figure doesn't include weapons or equipment.


It would appear you are against wars that occur under Republican control, but aren't shy to criticize the war machine and those benefiting from it. But when it's a Democrat, suddenly the story changes;

http://politicalforum.com/index.php...-5-6-trillion-by-2018.518562/#post-1068248478

http://politicalforum.com/index.php?posts/1072872745/