Biden's budget blowout predicts years of Obama-level tepid growth

Grokmaster

Grokmaster

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EVEN BIDEN'S PEOPLE RECOGNIZE BIDEN WILL REGRESS US BACK TO THE PATHETIC, SUB-2% GROWTH OF THE OBAMA YEARS.

TRUMP GAVE US A SOLID 2-3% , SUSTAINABLE GROWTH, THAT FEATURED THE HIGHETS WAGE INCREASES IN OVER A DECADE, AND INFLATION NOT EVEN HALF OF WHAT THE WAGE/INCOME/WEALTH INCREASES WERE FOR AMERICANS.

BIDEN's PLAN IS A REMINDER OF HOW POORLY EXCESSIVE TAXATION AND SPENDING PERFORM AS A POLICY.


Biden's budget blowout predicts years of Obama-level tepid growth



President Joe Biden is selling his multitrillion-dollar spending proposals as the key to unlocking the power of the economy by pumping up productivity and drawing millions of Americans back into the labor force.

But the budget plan the White House unveiled on Friday projects economic growth of 2 percent or less per year for most of the next decade, after factoring in inflation. That’s not much different than the sluggish pace the U.S. endured in the decade after the financial crisis and Great Recession, a disappointing economic performance that damaged Barack Obama’s presidency.

So where is the “Build Back Better” economic revolution that Biden and White House officials have talked up in recent weeks in selling their plans to spend roughly $4 trillion on the infrastructure and on family programs?

Some analysts suggested that the administration is essentially admitting that its proposed surge in federal spending — which administration officials hope to offset over time with higher taxes on the rich and corporations — won’t actually boost the economy much at all.


"They clearly don’t understand the implications of what they’re putting out,” said Richard Bernstein, founder of investment advisory firm Richard Bernstein Advisors. “The 2 percent trend is real [after inflation] growth. So, if they think there’s only going to be 2 percent trend real growth with a $4 trillion spend, then they must believe either the $4 trillion will be impotent or will result in a lot of inflation and therefore substantial nominal growth instead of real growth.”


The underlying idea was that providing universal preschool, adding two years of free community college, and extending paid family leave and child tax credits — among other things — would increase productivity and drive more people, especially women, back into the labor force.

But the $6 trillion budget proposal released today doesn’t show much of a growth burst from all the proposed spending, including the infrastructure investments in the American Jobs Plan.






https://www.msn.com/en-us/money/mar...a-level-tepid-growth/ar-AAKuB2D?ocid=msedgntp



NO SURPRISE THAT LIFELONG POLITICIANS WHO COULDN'T RUN LEMONADE STANDS, HAVE NO CLUE HOW ECONOMIC GROWTH REALLY HAPPENS.
 
Grokmaster said:
EVEN BIDEN'S PEOPLE RECOGNIZE BIDEN WILL REGRESS US BACK TO THE PATHETIC, SUB-2% GROWTH OF THE OBAMA YEARS.

TRUMP GAVE US A SOLID 2-3% , SUSTAINABLE GROWTH, THAT FEATURED THE HIGHETS WAGE INCREASES IN OVER A DECADE, AND INFLATION NOT EVEN HALF OF WHAT THE WAGE/INCOME/WEALTH INCREASES WERE FOR AMERICANS.

BIDEN's PLAN IS A REMINDER OF HOW POORLY EXCESSIVE TAXATION AND SPENDING PERFORM AS A POLICY.


Biden's budget blowout predicts years of Obama-level tepid growth



President Joe Biden is selling his multitrillion-dollar spending proposals as the key to unlocking the power of the economy by pumping up productivity and drawing millions of Americans back into the labor force.

But the budget plan the White House unveiled on Friday projects economic growth of 2 percent or less per year for most of the next decade, after factoring in inflation. That’s not much different than the sluggish pace the U.S. endured in the decade after the financial crisis and Great Recession, a disappointing economic performance that damaged Barack Obama’s presidency.

So where is the “Build Back Better” economic revolution that Biden and White House officials have talked up in recent weeks in selling their plans to spend roughly $4 trillion on the infrastructure and on family programs?

Some analysts suggested that the administration is essentially admitting that its proposed surge in federal spending — which administration officials hope to offset over time with higher taxes on the rich and corporations — won’t actually boost the economy much at all.


"They clearly don’t understand the implications of what they’re putting out,” said Richard Bernstein, founder of investment advisory firm Richard Bernstein Advisors. “The 2 percent trend is real [after inflation] growth. So, if they think there’s only going to be 2 percent trend real growth with a $4 trillion spend, then they must believe either the $4 trillion will be impotent or will result in a lot of inflation and therefore substantial nominal growth instead of real growth.”


The underlying idea was that providing universal preschool, adding two years of free community college, and extending paid family leave and child tax credits — among other things — would increase productivity and drive more people, especially women, back into the labor force.

But the $6 trillion budget proposal released today doesn’t show much of a growth burst from all the proposed spending, including the infrastructure investments in the American Jobs Plan.






https://www.msn.com/en-us/money/mar...a-level-tepid-growth/ar-AAKuB2D?ocid=msedgntp



NO SURPRISE THAT LIFELONG POLITICIANS WHO COULDN'T RUN LEMONADE STANDS, HAVE NO CLUE HOW ECONOMIC GROWTH REALLY HAPPENS.
Click to expand...

Bullshit and there is nothing tepid about the following historical accomplishment of President Biden that no other former legitimate POTUS had the burden to deal with as a result of a unique experience left behind by a lawlessly hacked in tRump tyrant to which he and his gutter insurgency enabled the covid death of over 500,000 Americans:

And so I set a second goal to deliver 200 million shots in my first 100 days in office — a goal unmatched in the world or in prior mass vaccination efforts in American history.

When tomorrow’s vaccine — vaccination numbers come out, it will show that, today, we did it. Today, we hit 200 million shots on the 92nd day in office. Two hundred million shots in 100 days — in under 100 days, actually. It’s an incredible achievement for the nation, and here’s the context:

You know, at the pace we were moving when I took office, it would have taken us more than 220 days — almost seven months — seven and a half months — to reach 200 million shots. Instead of marking this milestone in April, we would not have seen it until early September at the earliest."

https://www.whitehouse.gov/briefing...-19-response-and-the-state-of-vaccinations-2/

There is also nothing tepid about the following to which legitimate presidents have their own style and way of dealing with a crisis situation they inherited:

How U.S. economy has performed during Biden's first 100 days – in 7 charts
The economy seems to be accelerating, with stepped-up vaccinations and more stimulus. That's burnishing Biden's record in his first 100 days.

https://www.usatoday.com/in-depth/n...stimulus-money-covid-vaccinations/7331851002/
 
gemini104104 said:
Bullshit and there is nothing tepid about the following historical accomplishment of President Biden that no other former legitimate POTUS had the burden to deal with as a result of a unique experience left behind by a lawlessly hacked in tRump tyrant to which he and his gutter insurgency enabled the covid death of over 500,000 Americans:

And so I set a second goal to deliver 200 million shots in my first 100 days in office — a goal unmatched in the world or in prior mass vaccination efforts in American history.

When tomorrow’s vaccine — vaccination numbers come out, it will show that, today, we did it. Today, we hit 200 million shots on the 92nd day in office. Two hundred million shots in 100 days — in under 100 days, actually. It’s an incredible achievement for the nation, and here’s the context:

You know, at the pace we were moving when I took office, it would have taken us more than 220 days — almost seven months — seven and a half months — to reach 200 million shots. Instead of marking this milestone in April, we would not have seen it until early September at the earliest."

https://www.whitehouse.gov/briefing...-19-response-and-the-state-of-vaccinations-2/

There is also nothing tepid about the following to which legitimate presidents have their own style and way of dealing with a crisis situation they inherited:

How U.S. economy has performed during Biden's first 100 days – in 7 charts
The economy seems to be accelerating, with stepped-up vaccinations and more stimulus. That's burnishing Biden's record in his first 100 days.

https://www.usatoday.com/in-depth/n...stimulus-money-covid-vaccinations/7331851002/
Click to expand...

Prepare thy anus to run out of gas, dumbshit. It's happening before summer is over.

$4.50 gas will be commonplace. No contractors on the roads.
 
Grokmaster said:
EVEN BIDEN'S PEOPLE RECOGNIZE BIDEN WILL REGRESS US BACK TO THE PATHETIC, SUB-2% GROWTH OF THE OBAMA YEARS.

TRUMP GAVE US A SOLID 2-3% , SUSTAINABLE GROWTH, THAT FEATURED THE HIGHETS WAGE INCREASES IN OVER A DECADE, AND INFLATION NOT EVEN HALF OF WHAT THE WAGE/INCOME/WEALTH INCREASES WERE FOR AMERICANS.

BIDEN's PLAN IS A REMINDER OF HOW POORLY EXCESSIVE TAXATION AND SPENDING PERFORM AS A POLICY.


Biden's budget blowout predicts years of Obama-level tepid growth



President Joe Biden is selling his multitrillion-dollar spending proposals as the key to unlocking the power of the economy by pumping up productivity and drawing millions of Americans back into the labor force.

But the budget plan the White House unveiled on Friday projects economic growth of 2 percent or less per year for most of the next decade, after factoring in inflation. That’s not much different than the sluggish pace the U.S. endured in the decade after the financial crisis and Great Recession, a disappointing economic performance that damaged Barack Obama’s presidency.

So where is the “Build Back Better” economic revolution that Biden and White House officials have talked up in recent weeks in selling their plans to spend roughly $4 trillion on the infrastructure and on family programs?

Some analysts suggested that the administration is essentially admitting that its proposed surge in federal spending — which administration officials hope to offset over time with higher taxes on the rich and corporations — won’t actually boost the economy much at all.


"They clearly don’t understand the implications of what they’re putting out,” said Richard Bernstein, founder of investment advisory firm Richard Bernstein Advisors. “The 2 percent trend is real [after inflation] growth. So, if they think there’s only going to be 2 percent trend real growth with a $4 trillion spend, then they must believe either the $4 trillion will be impotent or will result in a lot of inflation and therefore substantial nominal growth instead of real growth.”


The underlying idea was that providing universal preschool, adding two years of free community college, and extending paid family leave and child tax credits — among other things — would increase productivity and drive more people, especially women, back into the labor force.

But the $6 trillion budget proposal released today doesn’t show much of a growth burst from all the proposed spending, including the infrastructure investments in the American Jobs Plan.






https://www.msn.com/en-us/money/mar...a-level-tepid-growth/ar-AAKuB2D?ocid=msedgntp



NO SURPRISE THAT LIFELONG POLITICIANS WHO COULDN'T RUN LEMONADE STANDS, HAVE NO CLUE HOW ECONOMIC GROWTH REALLY HAPPENS.
Click to expand...

I agree, if Biden listens to teabaggers (www.teaparty.org)

Teabaggers (www.teaparty.org) referred to Obama's recovery as "weak", ONE of the main reasons for that, aside from the worst economic disasters since the depression, was that Moscow McTurtle pleaded with Obama to lower the price of his recovery package, for "bipartisanship".

Well, Obama met teabagger (www.teaparty.org) demands, congress presented a bill not nearly enough for a robust recovery and not ONE teabagger (www.teaparty.org) voted for it anyway.

Biden shouldn't even be negotiating with teabaggers (www.teaparty.org) at all, because Moscow McTurtle will do the same thing.

Teabaggers (www.teaparty.org) have doing the same thing for decades, since Reagan, cutting funding for programs to the bone, then claim "they don't work".

Like never putting oil in your car, then 6 months later, claim, "the car doesn't work anymore".
 
Trump sucked in all ways compared to Obama, on the economy, on foreign policy, on being honest, on not being a fucking traitor..

here are the facts, Jack-

One way they can do that is by looking back on the first term of President Donald Trump and comparing the impact his policies have had on the country to previous administrations.

Trump’s GDP Numbers: Trump has campaigned as the best choice for the U.S. economy. Trump often uses the stock market as a scorecard for his policies, but the best representation of the real U.S. economy is gross domestic product.

Here’s a look at annual U.S. GDP growth during Trump’s presidency. The 2020 estimate comes from the Federal Reserve:

2017: +2.3%

2018: +3%

2019: +2.2%

2020: -3.7% (yes- that is negative, due to him fucking up the covid response)



How Trump Compares: Overall, U.S. GDP growth has averaged about 0.95% during Trump’s first term in office. Here’s a look at how that GDP growth stacks up to his predecessor, President Barack Obama:

2009: -2.5%

2010: +2.6%

2011: +1.6%

2012: +2.2%

2013: +1.8%

2014: +2.5%

2015: +3.1%

2016: +1.7%

In his eight years in office, U.S. GDP growth averaged 1.62% under Obama, about 70% higher than Trump’s growth rate.

Here’s a look at average GDP growth rates under the last six U.S. presidents:

Jimmy Carter (D): 3.25%

Ronald Reagan (R): 3.48%

George H.W. Bush (R): 2.25%

Bill Clinton (D): 3.88%

George W. Bush (R): 2.2%

Barack Obama (D): 1.62%

Donald Trump (R): 0.95%

In his first four years in office, Trump has had by far the lowest average U.S. GDP growth rate of any of the last seven U.S. presidents.

https://www.yahoo.com/now/gdp-growth-under-trump-compares-121008953.html
 
gemini104104 said:
Bullshit and there is nothing tepid about the following historical accomplishment of President Biden that no other former legitimate POTUS had the burden to deal with as a result of a unique experience left behind by a lawlessly hacked in tRump tyrant to which he and his gutter insurgency enabled the covid death of over 500,000 Americans:

And so I set a second goal to deliver 200 million shots in my first 100 days in office — a goal unmatched in the world or in prior mass vaccination efforts in American history.

When tomorrow’s vaccine — vaccination numbers come out, it will show that, today, we did it. Today, we hit 200 million shots on the 92nd day in office. Two hundred million shots in 100 days — in under 100 days, actually. It’s an incredible achievement for the nation, and here’s the context:

You know, at the pace we were moving when I took office, it would have taken us more than 220 days — almost seven months — seven and a half months — to reach 200 million shots. Instead of marking this milestone in April, we would not have seen it until early September at the earliest."

https://www.whitehouse.gov/briefing...-19-response-and-the-state-of-vaccinations-2/

There is also nothing tepid about the following to which legitimate presidents have their own style and way of dealing with a crisis situation they inherited:

How U.S. economy has performed during Biden's first 100 days – in 7 charts
The economy seems to be accelerating, with stepped-up vaccinations and more stimulus. That's burnishing Biden's record in his first 100 days.

https://www.usatoday.com/in-depth/n...stimulus-money-covid-vaccinations/7331851002/
Click to expand...
Hos debt and policy's will hurt America take money out of your pocket and freedoms
 
Hoosier Daddy said:
Trump sucked in all ways compared to Obama, on the economy, on foreign policy, on being honest, on not being a fucking traitor..

here are the facts, Jack-

One way they can do that is by looking back on the first term of President Donald Trump and comparing the impact his policies have had on the country to previous administrations.

Trump’s GDP Numbers: Trump has campaigned as the best choice for the U.S. economy. Trump often uses the stock market as a scorecard for his policies, but the best representation of the real U.S. economy is gross domestic product.

Here’s a look at annual U.S. GDP growth during Trump’s presidency. The 2020 estimate comes from the Federal Reserve:

2017: +2.3%

2018: +3%

2019: +2.2%

2020: -3.7% (yes- that is negative, due to him fucking up the covid response)



How Trump Compares: Overall, U.S. GDP growth has averaged about 0.95% during Trump’s first term in office. Here’s a look at how that GDP growth stacks up to his predecessor, President Barack Obama:

2009: -2.5%

2010: +2.6%

2011: +1.6%

2012: +2.2%

2013: +1.8%

2014: +2.5%

2015: +3.1%

2016: +1.7%

In his eight years in office, U.S. GDP growth averaged 1.62% under Obama, about 70% higher than Trump’s growth rate.

Here’s a look at average GDP growth rates under the last six U.S. presidents:

Jimmy Carter (D): 3.25%

Ronald Reagan (R): 3.48%

George H.W. Bush (R): 2.25%

Bill Clinton (D): 3.88%

George W. Bush (R): 2.2%

Barack Obama (D): 1.62%

Donald Trump (R): 0.95%

In his first four years in office, Trump has had by far the lowest average U.S. GDP growth rate of any of the last seven U.S. presidents.

https://www.yahoo.com/now/gdp-growth-under-trump-compares-121008953.html
Click to expand...

YOU FUCKING IDIOT; TRUMP MANAGED 2-3% STEADY GROWTH EVERY YEAR BEFORE THE CHINESE/DNC PANDEMIC.

TRUMP GAVE US A SOLID 2-3% ,(THE IDEAL LEFVEL ,ACCORDING TO ECONOMISTS) SUSTAINABLE GROWTH, THAT FEATURED THE HIGHETS WAGE INCREASES IN OVER A DECADE, AND INFLATION NOT EVEN HALF OF WHAT THE WAGE/INCOME/WEALTH INCREASES WERE FOR AMERICANS.
 
gemini104104 said:
Bullshit and there is nothing tepid about the following historical accomplishment of President Biden that no other former legitimate POTUS had the burden to deal with as a result of a unique experience left behind by a lawlessly hacked in tRump tyrant to which he and his gutter insurgency enabled the covid death of over 500,000 Americans:

And so I set a second goal to deliver 200 million shots in my first 100 days in office — a goal unmatched in the world or in prior mass vaccination efforts in American history.

When tomorrow’s vaccine — vaccination numbers come out, it will show that, today, we did it. Today, we hit 200 million shots on the 92nd day in office. Two hundred million shots in 100 days — in under 100 days, actually. It’s an incredible achievement for the nation, and here’s the context:

You know, at the pace we were moving when I took office, it would have taken us more than 220 days — almost seven months — seven and a half months — to reach 200 million shots. Instead of marking this milestone in April, we would not have seen it until early September at the earliest."

https://www.whitehouse.gov/briefing...-19-response-and-the-state-of-vaccinations-2/

There is also nothing tepid about the following to which legitimate presidents have their own style and way of dealing with a crisis situation they inherited:

How U.S. economy has performed during Biden's first 100 days – in 7 charts
The economy seems to be accelerating, with stepped-up vaccinations and more stimulus. That's burnishing Biden's record in his first 100 days.

https://www.usatoday.com/in-depth/n...stimulus-money-covid-vaccinations/7331851002/
Click to expand...

HORSE SHIT. WHEN THE "PRINTED MONEY GIVEAWAY" RAN OUT...HE ENDED HIS "TRIUMPHANT ECONOMY" WITH 1.6% GROWTH.


TRUMP MURDERED HIM.
 
no worries said:
I agree, if Biden listens to teabaggers (www.teaparty.org)

Teabaggers (www.teaparty.org) referred to Obama's recovery as "weak", ONE of the main reasons for that, aside from the worst economic disasters since the depression, was that Moscow McTurtle pleaded with Obama to lower the price of his recovery package, for "bipartisanship".

Well, Obama met teabagger (www.teaparty.org) demands, congress presented a bill not nearly enough for a robust recovery and not ONE teabagger (www.teaparty.org) voted for it anyway.

Biden shouldn't even be negotiating with teabaggers (www.teaparty.org) at all, because Moscow McTurtle will do the same thing.

Teabaggers (www.teaparty.org) have doing the same thing for decades, since Reagan, cutting funding for programs to the bone, then claim "they don't work".

Like never putting oil in your car, then 6 months later, claim, "the car doesn't work anymore".
Click to expand...

I LOVE THE ONGOING FANTASIES THE CLUELESS LEFT KEEPS PERPETRATING ABOUT THE FLQACCID OBAMA ECONOMY.


HIS FINAL "TRUIMPHANT YEAR" WAS 1.6% GROWTH...TRUMP HELPED AMERICA SUSTAIN A SOLID 2-3%, THE IDEAL LEVEL, EVERY YEAR BEFORE THE CHINESE/DNC PANDEMIC.

EVEN BIDEN'S PEOPLE RECOGNIZE BIDEN WILL REGRESS US BACK TO THE PATHETIC, SUB-2% GROWTH OF THE OBAMA YEARS.

TRUMP GAVE US A SOLID 2-3% , SUSTAINABLE GROWTH, THAT FEATURED THE HIGHETS WAGE INCREASES IN OVER A DECADE, AND INFLATION NOT EVEN HALF OF WHAT THE WAGE/INCOME/WEALTH INCREASES WERE FOR AMERICANS.

BIDEN's PLAN IS A REMINDER OF HOW POORLY EXCESSIVE TAXATION AND SPENDING PERFORM AS A POLICY.

 
BIDEN'S OWN PEOPLE CONCEDE HIS PLAN WILL BRING 2% OR LESS GROWTH...AND WE ALREADY SEE WHAT INFLATION IS DOING TO US....


NOWHERE NEAR TRUMP. NOT EVEN IN THE BALLPARK. GREATEST ECONOMY IN OUR LIFETIMES; LOWEST UNEMPLOYMENT RATE, ESP. FOR MINORITIES; WAGE GROWTH EASILY OURSTRIPPING MINISCULE INFLATION; CHINA FORCED TO THE TRADE TABLE, FOR THE MOST BENEFICIAL FOR THE US DEAL EVER....ALL GONE UNDER BIDEN, AND WILL NOT RETURN, EVEN WITH THE PANDEMIC OVER...
 
Grokmaster said:
YOU FUCKING IDIOT; TRUMP MANAGED 2-3% STEADY GROWTH EVERY YEAR BEFORE THE CHINESE/DNC PANDEMIC.

TRUMP GAVE US A SOLID 2-3% ,(THE IDEAL LEFVEL ,ACCORDING TO ECONOMISTS) SUSTAINABLE GROWTH, THAT FEATURED THE HIGHETS WAGE INCREASES IN OVER A DECADE, AND INFLATION NOT EVEN HALF OF WHAT THE WAGE/INCOME/WEALTH INCREASES WERE FOR AMERICANS.
Click to expand...

Obama and trump gave the same growth, but Obama had no sign of it letting up, and Obama reduced the deficit. trump blew open the deficit to keep 2% growth, and then he overheated the economy causing a recession. We will never know how bad that recession would have been, because of the pandemic, but most signs point to bad.
 
Grokmaster said:
YOU FUCKING IDIOT; TRUMP MANAGED 2-3% STEADY GROWTH EVERY YEAR BEFORE THE CHINESE/DNC PANDEMIC.

TRUMP GAVE US A SOLID 2-3% ,(THE IDEAL LEFVEL ,ACCORDING TO ECONOMISTS) SUSTAINABLE GROWTH, THAT FEATURED THE HIGHETS WAGE INCREASES IN OVER A DECADE, AND INFLATION NOT EVEN HALF OF WHAT THE WAGE/INCOME/WEALTH INCREASES WERE FOR AMERICANS.
Click to expand...

“Before the pandemic,” cracks anyone up, like saying saying Hoover was a great President because he had everything chiming prior to the Depression, it was Trump’s economy, pandemic or no pandemic
 
archives said:
“Before the pandemic,” cracks anyone up, like saying saying Hoover was a great President because he had everything chiming prior to the Depression, it was Trump’s economy, pandemic or no pandemic
Click to expand...

NO, THE DEMOCRAT-ABETTED CHINESE BIO-ATTACK WAS NOT ON TRUMP; EVEN SO, THE RECOVERY WAS MUCH MORE ROBUST UNDER HIM THAN BIDEN...WHO IS STILL RIDING TRUMP ECONOMIC POLICIES.




LOOK AT YOU DANCING...
 
4yqay7.jpg
 
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