The US economy is pulling off something historic

goat said:
Like Walt, you parrot government propaganda. A strong economy does not add to its national debt. US debt is used for killing rather than 21st century living. At least 20% of our homeless are vets who can't afford to live without their government paycheck. Besides being homeless, they suffer with the psychological issues of murder for money.

Go to any viaduct and look at the years of neglect and decay. The US is a shithole country when compared to developing nations. You want us to believe you rather than our lying eyes.
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Correct. :thumbsup:
 
Hume said:
Can't we all get along?
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T. A. Gardner said:
If you take the rather extraordinary Chinese Disease lockdown out of it, what you get is Trump's economy was doing pretty damn good.
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At first, trump was able to continue the Obama economy, but in February of 2020, the economy collapsed into recession. How bad would that recession have been? We will never know, because it was immediately followed by Covid.

But it is a fact that trump got us into a recession before Covid hit.
 
martin said:
Do you ever know what you are talking about. Job market is up; inflation is cooling; we have the best economy in the world. On the other hand, we also have the possibility, however remote, of a Trump administration on the doorstep and what that would mean:

www.bloomberg.com

Trump’s Tax Plans Would Wreck the Economy for the Middle Class

This week’s debate is Biden’s best chance to draw a contrast with his opponent on one of the most consequential yet neglected issues of the campaign.
www.bloomberg.com www.bloomberg.com
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So, the massive trillions we are racking up is no big deal?

The jobs being created are primarily in the public sector?

Many businesses, and even banks, are out of business. That's okay?

Grocery and Gas prices are still nearly double than what they were before Biden, that's okay?

You dimwits on the left are being gaslighted and seem to enjoy wallowing in government bullshit. :palm:
 
T. A. Gardner said:
If you take the rather extraordinary Chinese Disease lockdown out of it, what you get is Trump's economy was doing pretty damn good. What wrecked Biden's first two years and the economy was a combination of Trump spending during the pandemic (sending out checks to everybody because of the lockdown) and then Biden compounding that with immediately borrowing and spending nearly a trillion dollars on his Build Back Better and infrastructure bills. Between all of that spending, the ecomony took an absolute beating. Worse, that spending had nearly ZERO ROI.

So, the pandemic lockdown hurt, Trump didn't help things with more spending, then Biden came along and doubled down on spending making things worse.
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You can’t take the Covid crisis out of it, his f*cking it up is part of Trump’s legacy

And yes both Presidents take a share of the blame, but with production nearly shit down someone had to fuel the pump and it certainly was going to be circulation tricked down

Also hard to criticize Biden’s infrastructure and chips act successes, both were major investments in the future no President in the last sixty years or so accomplished
 
archives said:
Not sure what a “leftist society” is suppose to mean, but would you include those European nations above that your source sited as having the best economies in the world per capita as “leftist societies?”
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...things are awesome dontchyaknow!
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Walt said:
At first, trump was able to continue the Obama economy, but in February of 2020, the economy collapsed into recession. How bad would that recession have been? We will never know, because it was immediately followed by Covid.

But it is a fact that trump got us into a recession before Covid hit.
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Moronic bullshit. The Obama economy was about malaise and stagnation. In fact, they argued that Americans should get used to the "new normal".

Trumps first two years blew that bullshit narrative up fantastically. Why all the stupid lies? :palm:
 
Truth Detector said:
Moronic bullshit. The Obama economy was about malaise and stagnation.
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Obama's economy was constant growth, but not outstanding growth. trump's economy was the same, but with hyper spending behind it. We went deeply into debt to get the same results. And then in late 2019, early 2020, it all fell apart. trump's massive spending for Obama's results failed.

How badly did it fail? We will never know, because almost immediately after that trump's health policy failed even worse.

It is hard to find success in trump. I am sure you will try hard, but you will have to make up a bunch of lies to get there.
 
goat said:
Like Walt, you parrot government propaganda. A strong economy does not add to its national debt. US debt is used for killing rather than 21st century living. At least 20% of our homeless are vets who can't afford to live without their government paycheck. Besides being homeless, they suffer with the psychological issues of murder for money.
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The homeless vets thing is a canard. It's a lie by omission. All of the surveys of homeless persons uses self-reporting to determine if someone is a vet. That is, the surveys don't verify a homeless person's claim to being a veteran.

You also have to define who you really want to call a veteran. 90 days active service and not receiving a dishonorable discharge makes someone a "veteran" right now. This would included anyone discharged for things like drug use, disciplinary issues, and the like that didn't rise to the level of being court martialed and receiving a dishonorable discharge.

I for one, being a veteran myself, don't consider anyone who was summarily dismissed from service and received a less than honorable discharge, or had their commission (officers) dismissed--like Hunter Biden did for drug use--to be a "veteran." They didn't serve honorably and shouldn't and don't deserve that title.


goat said:
Go to any viaduct and look at the years of neglect and decay. The US is a shithole country when compared to developing nations. You want us to believe you rather than our lying eyes.
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US infrastructure quality varies considerably by state, location, and who's running (ruining?) things.

For example, here in Arizona, the difference between Tucson and Phoenix in terms of streets and highways is stunning. Phoenix has pretty good streets and excellent highways through out the urban area. Go to Tucson where there has long been a Progressive Democrat government in place, and you get streets in decay and crumbling but by god they have a light rail system nobody uses, and lots of decoration, trees, and such lining the crumbling streets filled with stop and go traffic. There are lots of bike lanes nobody uses too...

In Phoenix the road system is built to make it drivable and get you where you're going quickly. In Tucson they deliberately try to make using a car difficult and unpopular while the alternatives don't work.
 
archives said:
You can’t take the Covid crisis out of it, his f*cking it up is part of Trump’s legacy
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Bullshit. Trumps legacy was pulling us out of it while Biden wanted to continue the stupid shutdowns. You brain dead hacks on the left can't remember what happened yesterday, much less four years ago.

archives said:
And yes both Presidents take a share of the blame,
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Blame for what? Biden was the idiot promoting lockdowns, masks and trying to shove the vaccine down everyone's throats while lying.

archives said:
but with production nearly shit down someone had to fuel the pump and it certainly was going to be circulation tricked down
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Wrong. But alas, you're an uneducated dunce who parrots MSNBC talking points. Had Biden done NOTHING but stopped the mandates, everyone would be in much better shape today and we wouldn't have trillion-dollar deficits and trillion-dollar interest on the debt.

archives said:
Also hard to criticize Biden’s infrastructure and chips act successes, both were major investments in the future no President in the last sixty years or so accomplished
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Stealing taxpayer money to buy influence never leads to economic growth halfwit. How has the infrastructure and chops act been a success?
 
archives said:
You can’t take the Covid crisis out of it, his f*cking it up is part of Trump’s legacy

And yes both Presidents take a share of the blame, but with production nearly shit down someone had to fuel the pump and it certainly was going to be circulation tricked down

Also hard to criticize Biden’s infrastructure and chips act successes, both were major investments in the future no President in the last sixty years or so accomplished
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Sure I can. Chinese Disease and the lockdown were an extraordinary event that was not something any president could foresee or control happening.
 
Cypress said:

The US economy is pulling off something historic​

The economy’s enduring strength is a boon for the Biden administration. Despite the Fed aggressively raising interest rates to tamp down inflation, which have been perched at a 23-year high since last July, the economy has so far avoided a recession. Last year, the resilience of the US consumer shocked economists who widely expected an economic downturn to ensue

Washington CNN —
The US economy is on the verge of an extremely rare achievement.

Economic growth in the first half of the year was solid, with the economy expanding a robust 2.8% annualized rate in the second quarter, according to fresh Commerce Department figures released Thursday, which are adjusted for inflation and seasonal swings.

Stocks surged in the morning after the economy’s powerful show of resilience, but later lost steam and closed the day mixed. The Dow rose 81 points, or 0.2%, after jumping more than 500 points earlier in the session. The S&P 500 fell 0.5% and the Nasdaq Composite lost 0.9%. That comes after the benchmark index and tech-heavy Nasdaq on Wednesday logged their worst day since 2022.

Gross domestic product, the broadest measure of economic output, was much stronger in the second quarter than economists had predicted. The GDP report showed that businesses are continuing to invest and that consumers are still opening their wallets. That’s key, because consumer spending is America’s economic engine, accounting for about two-thirds of US economic output.

As the economy continued to expand from April through June, inflation resumed a downward trend and seems to be on track to slowing further toward the Federal Reserve’s 2% target.

America’s economy is about to stick what’s called a “soft landing,” which is when inflation returns to the Fed’s target without a recession — a feat that’s only happened once, during the 1990s, according to some economists.

The latest GDP report showed that a key gauge of consumer demand picked up in the second quarter to an annual rate of 2.9%, matching the rate in the fourth quarter of 2023 for the strongest pace in two years. A measure of business investment also strengthened in the April-through-June period.

The current health of the American economy shows that the Fed, with Jerome Powell at the helm as chair, has successfully handled inflation so far, with the finish line coming into clear view. The Fed beginning to cut interest rates indicates that central bank officials feel confident that inflation is under control just enough.

The economy’s enduring strength is also a boon for the Biden administration. Despite the Fed aggressively raising interest rates to tamp down inflation, which have been perched at a 23-year high since last July, the economy has so far avoided a recession. Last year, the resilience of the US consumer shocked economists who widely expected an economic downturn to ensue.

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Are you talking about the fact that
"Americans aren’t the only ones feeling the pinch of higher interest rates. The US government is shelling out way more money to cover interest payments on the national debt these days.

Net interest costs soared to $659 billion in fiscal year 2023, which ended September 30, according to the Treasury Department. That’s up $184 billion, or 39%, from the previous year and is nearly double what it was in fiscal year 2020."
or, the fact the value of the dollar is worth 80% of what it was when Trump was in office?
Or inflation is killing the budgets of middle class Americans
or,
Energy costs are eating us all alive.
 
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