White House says Americans feel better about their personal finances because of Biden's policies

My personal finances didn’t get better under Biden, they got worse because of his policies.

I vehemently disagree with the lying check box hire and I’m sure many here will agree with me. However, I’m quite sure the usual suspects will tell they became rich thanks to Biden and his economically suicidal policies.

Anyway, at the below link you can hear KJP’s lying mouth speak the words as her head bobs backs and forth as her eyes blink faster and faster. Those are signs of someone trying to convince you of a lie and not knowing exactly how to tell it.

 

Mine did.

 

Trump left office of the lowest GDP average of any President - it doesn't take much to improve on that.
The unemployment rate is lower now than it was when Trump left office.

So why are so surprised that a number of Americans feel they might be a bit better off? The numbers do back that if you compare it to when Trump left
office, And no, I do not think think are "great" under Biden by any long shot - but the numbers (GDP and unemployment) are slightly better.

 

Illustration -

 

COVID did that...

And Biden gets panned for his handling of the economy by as almost 60% of Americans as take home pay continues to get hammered by inflation. Note doing nothing would have been an improvement over what Biden did.

 

the economy is so hot under Biden, the Republican run FED is trying to cool it down

the economy sucked so bad under Trump the Republican run FED had to dump trillions in the economy to keep it afloat and was talking negative rates

 

Trump was on the verge of a recession in 2019... BEFORE COVID

the fed doesn't do this during a great economy... that the economy was great pre-covid is one of the biggest lies the Republicans ever told.


"Fed Ups Its Wall Street Bailout to $690 Billion a Week as Media Snoozes" Oct 2019

https://wallstreetonparade.com/2019...ilout-to-690-billion-a-week-as-media-snoozes/

and

"The Federal Reserve Has Already Pumped $9-Trillion into Wall Street in the Past Six Months, and Now Is Offering Banks Another $1.5-Trillion" March 2020

https://needtoknow.news/2020/03/the...d-now-is-offering-banks-another-1-5-trillion/

 

Well, I don't think it is because of Biden's policies, but the truth is that American's seem to start feeling better about the economy again. Inflation continues to go down, unemployment is very low, the stock market has been rising again... I know it is a personal anecdote, but my wife is trying to buy a new hybrid car, they have nothing on the lot, and whatever they get sells immediately. That's not a sign of a poor economy.

I know this is inconvenient to the Trump supporters, they REALLY hoped that the economy would totally fold under Biden, so they can reinstall their hero into the WH. So, you better pray for a recession next year, because if the economy keeps going in the direction it is going right now, I think people will be hard pressed to vote for change.

 

We've access to data on this. The level of consumer spending's one. Consumer debt's another. Polls by reputable pollsters are yet a third. We need not rely on what someone said.

Regards, stay safe 'n well.

 

I don't know about anyone else but my personal finances are doing great right now. Not saying it has anything to do with Biden, because it doesn't. My personal finances have nothing to do with any president.

 

https://vm.tiktok.com/ZM2P4y7AU/

He just leaves...lol. Look at the faces of these two;


They don't know what the **** is going on.

 

Do you think that the covid effect on the economy went away as soon as former President Trump walked out the door. Biden has made significant progress, but he has not solved every problem. Don't pretend that things have gotten worse since he took office.

 

Biden's 'economic policies' have harmed low income groups, fixed income groups, prepping for retirement groups, wanting a family groups, wanting to buy a home groups, and oh heck, just about everybody.

I'll be delaying my full retirement, because my savings that would have carried us for a good couple of decades, may only cover about 12 years at this point. It's not all on Biden, but the continued spending of money we don't have, the attempt to bring inflation under control by raising interest rates which is slamming low in come groups, and the cost of basic groceries is killing those who need food.

Biden has exacerbated the problems with his damage to the futures of the fuel industry, the student loan giveaways and attempting to give powers to agencies that are not entitled to those powers that damage our economy further.

 

Isn't employment up
wages up
the stock market up
and isn't inflation slowing down?

 

Wages aren't keeping up with inflation, the stock market is 'up' with inflated dollars, and inflation 'slowing down' means do you want to get hit with 2 sticks or 3.

Inflation isn't deflating, it's just not going up as fast as it was.

2023 Jan 6.4 Feb 6.0 March 5.0 April 4.9 May 4.0 = 26.3. <----- that's not a pretty picture.

 

LOL! Inflation is NOT 4.0% for the month of May, it is 4.0% annualized in the month of May (and nowhere near 26.3%, as your simplistic adding up of numbers implies). This means inflation is coming down, and if the trend continues, could be back to the normal 2-3% range before the election. I realize that this is not good news for the ones who pray for the economy to tank, so that they can say "Biden did this".

 

People are running up their credit card balances, which is not a good sign. Too much debt is usually at the heart of most recessions and depressions. The mortgage crisis kicked off the last one in 2008.

Biden and progressives will go bananas with the Green New Deal if they get re-elected. They will raise taxes for everyone and spend trillions with a good crunk of it going to grifters as it has in the past. Spending government money is glamorous. Making sure it is properly managed is not.

The “big reform” will be hiring and promotion quotas for the LGBQ++ community. They are currently the most important group in America for Progressive Democrats. All others, including women and straight African-Americans, are further back in the bus with the straight White folks under the wheels.

They will also be a big push to pay reparations to dark skinned people. Illegal immigrates might also get in on the fun if they darker skinned. The White skinned Spaniards started screwing them as soon as Columbus arrived.

 

It is a sign of supply chain problems that shockingly persist since Covid. I am sure she also is not finding any deals either as a result of these problems.

 

https://www.usinflationcalculator.com/inflation/current-inflation-rates/

 

Yep, the table in the link confirms what I said, the ANNUAL inflation rate is 4.0% in May 23, not 26.3%, as you implied in your last post.

 

Yep, the dealer doesn't budge from MSRP. At least, we are lucky to get MSRP, in markets with more demand, they charge a markup for this model, for example in CA. However, the trade-in values are still just too good to pass. We bought her last car in 2018 for $24,000 new, and they are giving her $18,000 trade-in after 5 years with 65,000 miles on it. Kind of crazy. I don't know why people buy used instead of new these days, it's not worth it. Of course, the new car prices also have gone up a lot, but not as badly as the used car prices.

 

Yeah it is crazy what used cars are selling for these days. In May of 2020 when Covid first began, I bought a used Jeep Wrangler for $29,500. Three years later, Carvana right now says they will give me $30,500 for it.

In fairness, I bought it for probably 2 or 3k less than it was worth, because at that exact time car dealers were sort of panicking because they had just reopened after having been closed for a few months, but still, for it to be worth more than I paid 3 years later is astounding.

 

Inflation since Biden took office has been: 2001 7%
2022 6.5%
2023 4 %

In the same time period the stock market has gone up approximately 59.5%
Unemployment has dropped from 6.7% to 3.4 %

These are facts.
Are we all the way back? No.
Are we better than when he took office? yes.
Do we still have a way to go? certainly.

 

Which excludes food and fuel? What do you think impacts the working class the most?

 

Guess what else Democrats held the house for the first eighty years of that Democrats.