Negative economic news is time for haunt Biden

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JamesSef

Negative economic news is time for haunt Biden

Post by JamesSef »

U. S. gross domestic product shrank 1. 4% in the 10th quarter at the same time inflation carrying on with to soar. For aged Americans, that combination conjures memories of 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, moving gasoline prices and constantly high unemployment. The entire financial mess got dumped on President Jimmy Carter’s panel after the 1976 election, community. was neither his completely wrong doing nor the fault of the predecessors, Gerald Ford plus Richard Nixon.

Sometimes, global economic forces converge the same as weather systems to create a best storm, and woe for the president who gets trapped in it. The timing in the current storm couldn’t come to be worse for President Paul Biden as he endeavors to minimize the damage Democrats are generally bracing for in this year’s midterm elections. Republicans can be expected to rub Biden’s sinus in bad economic data, on the other hand voters would be wise to study up on the facts rather than make use of political spin.


Biden grew up honing an economy still throughout pandemic shutdown mode. Corporations abroad, like here, had sent workers home besides curtailed production to halt the actual spread of the coronavirus. Client spending plummeted. Manufacturers purchased off inventories to meet either demand there was. Fuel charges had plummeted because car owners also were staying home.

Suddenly, vaccines allowed Folks in the usa to return to work, the trails and the stores just as Biden was settling into the Brilliant House. A surge in demand for getting everything crashed against virtually any production and cargo-transportation logjam. Americans returned to their cars and trucks just as domestic and foreign oil producers opted that you can restrict output. Pump prices skyrocketed.

Thus, inflation.

Often the decline in gross family product - in sharp contrast to the 6. 9% increase in the first quarter concerning 2021 - reflects getting some sort of decline in car revenue because carmakers still might not exactly get the raw materials and microchips they need. Manufacturers, having reduced their inventories, now are typically struggling to meet consumer need. So , their sales am often dropping.

Thus, stagnation.

Presidents Nixon, Ford and Peterson grappled for years with the blend of a global economic contraction, a pair of punishing Middle East petrol embargoes, tens of thousands of troops coming back from Vietnam and too little jobs to employ them. Joe biden, just like Carter and Nixon, also faced significant general public blowback from military debacles abroad: Nixon’s messy Vietnam pullout, Carter’s failed side bet to rescue American hostages in Iran and Biden’s botched Afghanistan withdrawal.

You can find no easy way for presidents to spin bad economical news other than to make clear that there is a bright side - such as Biden’s reminder Thurs . that unemployment rates have not been this low since 1970 - and to remind individuals that presidents in free-market economies have minimal electric power to halt inflation or pressure economic growth. But a brand new one-term presidency and midterm pain awaits any employer who tries to shrug lower these factors or disregard the strains faced by Us consumers (and voters).
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Re: Negative economic news is time for haunt Biden

Post by AJMD429 »

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As I posted elsewhere, Biden is the classic Post-Turtle....
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Re: Negative economic news is time for haunt Biden

Post by Grizz »

that unemployment rates have not been this low since 1970 - and to remind individuals that presidents in free-market economies have minimal electric power to halt inflation or pressure economic growth. But a brand new one-term presidency and midterm pain awaits any employer who tries to shrug lower these factors or disregard the strains faced by Us consumers (and voters).
this is absolute Bs, A total lie because it ignores the labor participation rate by NOT COUNTING people that are still out of work..smoke and mirrors.

this is what inflation is, which i learned from the book Wealth and Poverty by George Gilder. it is the addition of UNEARNED cash into an economy, which makes every extra dollar decrease the value of the EARNED wealth of an economy. INFLATION is inflating a balloon, a financial bubble.

and the kicker in all of this is that there is nothing the government nor any politician can do to stop it. all those billions and billions the printing press tossing out is reducing the buying of every dollar in circulation.

what every talking head is parroting, that prices are going up, is the dystopian LIE, what is actually happening is that every dollar we earned is buying less every day... that's what inflation does, and the demons in congress have gone into overdrive spinning the presses. and blowing fake information with the blizzard of fake dollars.

my bet is that when vlad touches off his nukes, bitten will refuse to release the nuke codes to the boomers... we've already been betrayed by the generals to the chicoms.
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Re: Negative economic news is time for haunt Biden

Post by ndcowboy »

Wait a minute here.....A new poster from "Canada" joined the leverguns forum and his first post is about how this mess really isn't Biden's fault?
There is a smell test that is not being passed right now.
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Re: Negative economic news is time for haunt Biden

Post by rossim92 »

yeeeep! the dems asked for it and got it. See what it has gotten us so far. :shock: Almost hate to say it. but, this world might be too far gone to save it if nuclear weapons are used by people in power who don't get their way!!!!!!!!!!!!!(putin)
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Re: Negative economic news is time for haunt Biden

Post by AJMD429 »

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Labor participation rate is a useful metric; 'unemployment' is a manipulated number.

Analogous to the prevalence of CoVid vs the 'percentage of people who get tested and are positive'.
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Re: Negative economic news is time for haunt Biden

Post by piller »

The US Government was using public money to fund "free" Covid tests. That has finished, and people are shocked that they are now expected to pay for theit test. Same with the vaccination. The public funding was artificially inflating the Pharmacy profits. Now the major chains are cutting corners to avoid showing negative profits.

Dividin' Biden is President. It is occurring on his trip to the ice cream store. He gets to take the blame.
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Re: Negative economic news is time for haunt Biden

Post by .45colt »

We aint seen nothing yet.........WE are ALL paying for a million people coming across the southern border We are ALL paying for millions sent to the Ukraine. Dumb and Dumber have no solution for problems just blame whoever is the current whipping boy.....trump, putin, trump, putin.....bla bla bla. print money and give it away all day long . by this fall the effect of high fuel prices will strangle this country . the cost of shipping goods by truck and train will double and WE ALL will pay. the rich in the senate , congress , and sleepy joe ,kamala ,nancy, chuck, bernie could care less THEY ARNT affected. nancy is worth 220 mil think she could care?
It's going to be a bumpy ride............................................................Good BY the America we grew up with.
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Re: Negative economic news is time for haunt Biden

Post by AJMD429 »

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Yeah it's amazing to think that a city the size of Indianapolis could be completely populated by illegal aliens about every two or three months.

Some of them are escaping terrible conditions, and some of them probably have sense enough not to be socialist pawns of the Democrats, but I'd wager the vast majority are simply trying to do what they can to survive and don't care about politics one way or the other. If they see a chance to continue getting an easier path or a handout, they will line up at the voting booths to vote Democrat regardless of its legality or morality, because they simply haven't grown up in a nation that was a constitutional republic. They mostly come from places where it's survival of the fittest regardless of whether what you do is legal or moral, and with the assumption that it probably involves political corruption regardless. The United States didn't used to be that way but the Democrats are transforming it to be just like Venezuela and Argentina and even China, so the illegal aliens in that sense will fit right in.
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Re: Negative economic news is time for haunt Biden

Post by ndcowboy »

.45colt wrote:
Wed May 11, 2022 3:18 pm
We aint seen nothing yet.........WE are ALL paying for a million people coming across the southern border We are ALL paying for millions sent to the Ukraine. Dumb and Dumber have no solution for problems just blame whoever is the current whipping boy.....trump, putin, trump, putin.....bla bla bla. print money and give it away all day long . by this fall the effect of high fuel prices will strangle this country . the cost of shipping goods by truck and train will double and WE ALL will pay. the rich in the senate , congress , and sleepy joe ,kamala ,nancy, chuck, bernie could care less THEY ARNT affected. nancy is worth 220 mil think she could care?
It's going to be a bumpy ride............................................................Good BY the America we grew up with.
And as we think about energy shortages and food shortages - all these illegals use energy and eat food! They are straining our country like wild!
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