agip wrote:
Ghost of Disco Gary wrote:
Bidenomics has brought us inflation. We have Jimmy Carter 2.0
https://inter-empresarial.com/economy/20210610205964-latest-economic-figures-shows-bidenomics-is-not-working.shtmlNope.
There is increased inflation in virually all our peer nations.
It's not just an America problem and it wasn't caused just by America.
it's a covid thing, striking all over the globe.
So, no, not Biden's fault, and not Jimmy Carter 2.0.
It will most likely fade in 2022. Markets are betting that it will, anyway.
What's left? 4-6% per year economic growth - the rates Trump promised but never delivered.
Leave it to the Dems to improve the economy.
Republican Bush 1 left the economy in recession
Republican Bush 2 left the economy in recession
Republican Trump left the economy in recession (or close to it)
That's what Republicans do. They take a decent economy and trash it.
Let's stop the cycle here and now.
Keep polishing that turd, agip.
People have given up looking for a job and dropped out of the labor force altogether- they are NOT included in the unemployment rate.
Pay rate increases of 4.6% are not keeping up with inflation.
Since May 2021, the annual inflation rate is 5%
Oil prices are at a near 7-year high. Crude oil sits above $80 a barrel.
Food prices are rising at a breakneck pace. Meat, poultry, fish, and eggs 6% higher over last year.
Low income families have been hit the hardest: they cannot afford the soaring food, gas, healthcare expenses.
https://www.theguardian.com/us-news/2021/oct/12/us-households-financial-problems-medical-care-food?CMP=oth_b-aplnews_d-1Bidenomics is a disaster.