Inflation drops to 4.9%

Earl said:
As Biden first set foot in the Oval Office a year ago, real GDP was growing at 6.3 percent, inflation was 1.4 percent, the price of gasoline was $2.39 a gallon and Michigan’s consumer sentiment index stood at 79. Today, real growth has slowed to just over 2 percent, inflation is at 7 percent, gas is up to $3.31 a gallon and the Michigan Index is 68.8.
In addition, real wages dropped 2.4 percent over the past year, with inflation overwhelming pay hikes after several years of gains under President Trump.
In just one year, Biden has managed to torch an economy that was recovering robustly when he took office. One bad decision after another, compounded, to be sure, by certain events beyond his control, have scuttled the turnaround that was well underway the day he became president.

Just one year ago.
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"Never underestimate Biden's ability to fuck things up." Barack Obama


I guess when you spend all your time scheming on how to sell out America to our enemies you don't have much time to improve America. :dunno:
 
Jarod said:
If Republicans shut down the government, yes.

I heard you guys predict that over and over during the Obama years, it actually happened during the trump years, and I heard you predicting it during the first two years of the Biden administration. If you keep predicting it, eventually, you will be right, but I don’t know, when… maybe during the Biden administration, maybe not.
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Do you know what a bond yield inversion is?

Research what happened the last time there were two in a row.

Have you noticed that banks are failing?
 
Jarod said:
Lie, the numbers might be, but… you adding them and subtract them as you wish to get result you want.
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Yes, you are lying.


https://www.bls.gov › news.release › realer
From April 2022 to April 2023, real average hourly earnings increased 0.3 percent, seasonally adjusted. The change in real average hourly earnings combined with…

It’s from the Bureau of Labor Statistics.

I added nothing.


Read the link.
 
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Cypress said:
You and Trump didn't predict that peanut butter and baby diapers would cost more.

You and Trump predicted that if Americans dared to elect Biden there would be a devastating and unprecedented economic depression and we wouldn't even recognize the country anymore
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It has been pretty bad and Biden still has time left to prove Trump right. The real wages of American are going down. But inflation was MORE THAN 3 TIMES LESS AT THE END OF TRUMP'S TERM.:laugh: You would do well not to remind people how bad inflation has been during the Biden administration. ;)
 
Jarod said:
If Republicans shut down the government, yes.

I heard you guys predict that over and over during the Obama years, it actually happened during the trump years, and I heard you predicting it during the first two years of the Biden administration. If you keep predicting it, eventually, you will be right, but I don’t know, when… maybe during the Biden administration, maybe not.
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I've lived through every government shutdown since the 1990s, and voters always blame Republicans for it
 
ExpressLane said:
It has been pretty bad and Biden still has time left to prove Trump right. The real wages of American are going down. But inflation was MORE THAN 3 TIMES LESS AT THE END OF TRUMP'S TERM.:laugh: You would do well not to remind people how bad inflation has been during the Biden administration. ;)
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If you and Trump were catastrophically wrong in your predictions 30 months ago about the Biden economy, I see no reason to think your opinions or credibility have improved
 
“ When it comes to those who support Biden's re-election bid, overall just 26% are for it. Even among Democrats, just 47% support it. Independents? 14%. And seven percent of Republicans think Biden should run.”
west.com

Even the Democrats do not want Biden to run.
 
Cypress said:
If you and Trump were catastrophically wrong in your predictions 30 months ago about the Biden economy, I see no reason to think your opinions or credibility have improved
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I'm not sure that Earl has much credibility when it comes to ANY topic. But certainly not the economy. I haven't found one Trumper that even understands the basic principles of economics. They don't even understand supply and demand.
 
Concart said:
I'm not sure that Earl has much credibility when it comes to ANY topic. But certainly not the economy. I haven't found one Trumper that even understands the basic principles of economics. They don't even understand supply and demand.
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Take a hike, pendejo/a.
 
This message is hidden because Earl is on your ignore list.

Hi Earl you fucking dipshit!!!!

Thanks for all the whiny threads!!!!
 
Earl said:
So, Walter, you far left loons think that the way to improve the economy is to reduce worker’s wages.
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The way you get inflation under control is by holding down workers' wages. Luckily for us, workers' wages went up a lot during Obama and the beginning of Biden, and are looking like they will go up a lot after we get this inflation under control.

It really was far worse in the late 1970's/early 1980's, but it is painful now. It is a pain we should be willing to endure to get inflation under control.
 
Earl said:
Do you know what a bond yield inversion is?

Research what happened the last time there were two in a row.

Have you noticed that banks are failing?
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Like I said you might be right this time, if you predict a recession every year a Democrat is president, eventually you will be right. Historically however… you’d do better predicting it in years Republicans are in office.
 
Jarod said:
Like I said you might be right this time, if you predict a recession every year a Democrat is president, eventually you will be right. Historically however… you’d do better predicting it in years Republicans are in office.
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Do have a grasp of the stupidity of your statement? Brandon started this country into a downward spiral day one in office and any individual with one active brain cell could see the writing on the wall.
 
Lionfish said:
Do have a grasp of the stupidity of your statement? Brandon started this country into a downward spiral day one in office and any individual with one active brain cell could see the writing on the wall.
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Wrong
 
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