Goldman Sachs: “We have cut our subjective probability that the US economy will enter a recession in the next 12 months from 35% to 25%.” pic.twitter.com/YRIXA7m4z7
According to the latest ABC/WaPo polling [Full pdf Here], 41% of Americans say they are worse off financially under Joe Biden. That is the highest negative response to the question in the 37-year history of ABC polling. Yet w...
remember that the GOP believes its best chance to win the WH and Congress in 2024 is to wreck the US economy via Kevin McCarthy's tools. Expect the House GOP to try to cause a default, a shutdown and cut all kinds of government spending, in a mad effort to cause economic pain they will try to pin on Joe.
it just doesn't help the GOP that the jobless rate is at historic lows, GDP is growing fast, the deficit is falling, incomes are rising. So they have to end it.
For two years inflation was high. Since July it has been very low.
Unless you disagree with either statement, there’s no need to post literal CPI data! We agree!
No. your argument was that the Biden economy shows no signs of slowing down, and that couldn't be more untrue. The signs are everywhere right now. The reasons inflation declined the past two quarters is because of the SPR releases and slumping demand. Unfortunately for Biden, there is not an unlimited supply of oil in the SPR to continue to hide his policy lapses. Gasoline has started to come back up, which will drive everything else back up:
None of us know details of the numbers, but: 1) Only the party in power care about phoney job growth numbers; 2) only the party in power care about phoney unemployment numbers.
G.D.P. and health of government bonds are important.
Biden is benefiting likely from Weapon Economics. Weapon Economics may offer sugar highs. In the long run, Weapon Economics ALWAYS fails, fails in the long run sans exception.
GDP looks good too! See: the premise of this thread.
If you cannot show how the economy is weak with real data... maybe its just not weak? Possible?
About 1.xx% u.s. g.d.p. growth rate over last year. Do you work in Biden administration? Stop breaking your arm slapping yourself on the back. If you do not work in Biden admin. and you are a U.S. citizen, hold U.S. Executive Branch/Biden and Congress responsible.
GDP looks good too! See: the premise of this thread.
If you cannot show how the economy is weak with real data... maybe its just not weak? Possible?
About 1.xx% u.s. g.d.p. growth rate over last year. Do you work in Biden administration? Stop breaking your arm slapping yourself on the back. If you do not work in Biden admin. and you are a U.S. citizen, hold U.S. Executive Branch/Biden and Congress responsible.
2% yearly growth is not a recession 😂
Inflation has not ramped back up 😂
the doom goalposts have been moving for 2 years now … still waiting.
No. your argument was that the Biden economy shows no signs of slowing down, and that couldn't be more untrue. The signs are everywhere right now. The reasons inflation declined the past two quarters is because of the SPR releases and slumping demand. Unfortunately for Biden, there is not an unlimited supply of oil in the SPR to continue to hide his policy lapses. Gasoline has started to come back up, which will drive everything else back up: