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Forum » Unemployment rate down to 3.7% vs. expected 3.9%; Biden PRAISED for soft landing
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Thread: Unemployment rate down to 3.7% vs. expected 3.9%; Biden PRAISED for soft landing

post 1694583253 12-08-2023, 04:04 PM
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Originally Posted By GenXTrumpFan⏩
How about you aware me how Biden is responsible for inflation that double less than 3 months into his term? Does he have magic inflation causing ability or something? Not a dime of any spending bill he signed had been spent yet.
You don’t believe that stifling energy production and adding massive regulations to the markets would have an inflationary affect?

BTW, extremely low unemployment could also be an indication of not being close to full production. Full production and efficiency has a tendency to cause some unemployment. Full employment means that production is not at full efficiency. For example, creating labor where it is not needed causes production to slow and increase prices and decrease supply.
One party system; Most Republicans are Democrats, but no Democrats are Republicans.
Hayek and Mises were right; they're all socialists.
"To Call something fair or unfair is a subjective value judgment and not liable to any verification" Ludwig Von Mises
post 1694583353 12-08-2023, 04:06 PM
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Originally Posted By Kraken⏩
You don’t believe that stifling energy production and adding massive regulations to the markets would have an inflationary affect?
We are at record domestic energy production boyo. And explain how adding "massive regulations" can impact the US economy in less than 3 months. Did he declare that all prices double or something?

The cause of inflation is clear, too much money chasing too few goods. Trump flooded the country with money while screwing up supply chains causing shortages. Pretty simple if you look at it logically friend.
post 1694583473 12-08-2023, 04:09 PM
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Originally Posted By AlfBundy⏩
Bush spent less than 6 trillion in 8 years, almost none of which interest rates were at 0%. Most years under Bush: 1-5% interest rates. Increased national debt by 100%, no inflation

Obama spent 10 trillion in 8 years, all of which had 0% interest rates. Increased national debt by 90%, no inflation

Trump spent 8 trillion in 4 years, two years of which had interest rates of 1-2%. Increased national debt by 35%, no inflation

Hmm. Your logic isn't adding up boyo. Sounds like major COPE to explain why inflation SKYROCKETED the moment Biden unnecessarily 'stimulated' the economy

/thread

"Soft landing":

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demanding, ill-disciplined, despotic and useless. Liberalism is a philosophy of sniveling brats."

- PJ O'Rourke
post 1694583583 12-08-2023, 04:11 PM
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Originally Posted By AlfBundy⏩
Bush spent less than 6 trillion in 8 years, almost none of which interest rates were at 0%. Most years under Bush: 1-5% interest rates. Increased national debt by 100%, no inflation

Obama spent 10 trillion in 8 years, all of which had 0% interest rates. Increased national debt by 90%, no inflation

Trump spent 8 trillion in 4 years, two years of which had interest rates of 1-2%. Increased national debt by 35%, no inflation

Hmm. Your logic isn't adding up boyo. Sounds like major COPE to explain why inflation SKYROCKETED the moment Biden unnecessarily 'stimulated' the economy

LMFAO. Know what none of those presidents did? FLood the country with soo much money in such a short period of time WHILE destroying supply chains and creating shortages. Do you think the toilet paper shortage Trump created made prices go down? Remember all those ships that couldn't dock?

And Inflation is a lagging indicator cultist. Please explain how inflation increased .28% from January to February and .94% from February to March and 1.54% from March to April.

I know you can't be serious. Even cultist aren't this freaking dumb. Inflation increased 87% from January to March. Did Biden signing the bill magically make US inflation almost double from two months prior in the month he signed the bill?

Just lol at you cultist
post 1694583643 12-08-2023, 04:12 PM
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Originally Posted By GenXTrumpFan⏩
We are at record domestic energy production boyo. And explain how adding "massive regulations" can impact the US economy in less than 3 months. Did he declare that all prices double or something?

The cause of inflation is clear, too much money chasing too few goods. Trump flooded the country with money while screwing up supply chains causing shortages. Pretty simple if you look at it logically friend.
"but but but Truuuuuuuuuump!" - democrats who ruined the economy
post 1694583733 12-08-2023, 04:13 PM
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Originally Posted By JayJ350⏩
"but but but Truuuuuuuuuump!" - democrats who ruined the economy
So now the president isn't responsible for the economy?

Weird, cultist gave Trump all the credit for the crummy economy from '17 - '19.

Just lol at you people.
post 1694583853 12-08-2023, 04:15 PM
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Originally Posted By GenXTrumpFan⏩
So now the president isn't responsible for the economy?
You have literally dedicated your entire existence here towards pushing that lol
post 1694583943 12-08-2023, 04:17 PM
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Originally Posted By GenXTrumpFan⏩
LMFAO. Know what none of those presidents did? FLood the country with soo much money in such a short period of time WHILE destroying supply chains and creating shortages. Do you think the toilet paper shortage Trump created made prices go down? Remember all those ships that couldn't dock?

And Inflation is a lagging indicator cultist. Please explain how inflation increased .28% from January to February and .94% from February to March and 1.54% from March to April.

I know you can't be serious. Even cultist aren't this freaking dumb. Inflation increased 87% from January to March. Did Biden signing the bill magically make US inflation skyrocket?

Just lol at you cultist
Lol at this cope. Yes Biden caused it. It's called the American Rescue Plan/unnecessary stimulus + attacking energy. Market expectations drove prices up and increased demand, and Biden's spending KEPT them up
post 1694584113 12-08-2023, 04:19 PM
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Originally Posted By JayJ350⏩
You have literally dedicated your entire existence here towards pushing that lol
Please explain to me how Biden is responsible for inflation? Do you believe it came about in the first months of his presidency due to his actions?

And yes, presidents are responsible for what they can control. The prior presidents actions impact the next president's first year quite bigly. After that the actions of the new president have had time to percolate their way through the economy. ie. inflation under control = Biden's doing. Inflation creation = Trump's doing.

See how easy that is?
post 1694584243 12-08-2023, 04:20 PM
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Originally Posted By AlfBundy⏩
Lol at this cope. Yes Biden caused it. It's called the American Rescue Plan/unnecessary stimulus + attacking energy. Market expectations drove prices up and increased demand, and Biden's spending KEPT them up
Market expectations drove up prices and increased demand so fast that inflation doubled from January to March just by Biden signing a bill in March?

Nothing to do with Trump sending everyone checks in 2020 and wrecking supply chains eh?

LOLOLOLOLOLOLOLOL
post 1694584303 12-08-2023, 04:20 PM
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Originally Posted By GenXTrumpFan⏩
Please explain to me how Biden is responsible for inflation? Do you believe it came about in the first months of his presidency due to his actions?

And yes, presidents are responsible for what they can control. The prior presidents actions impact the next president's first year quite bigly. After that the actions of the new president have had time to percolate their way through the economy. ie. inflation under control = Biden's doing. Inflation creation = Trump's doing.

See how easy that is?
The American Rescue Plan increased consumer demand, retard.

Consumers: Hey! We're getting a stimulus we don't need! Time to spend!!
post 1694584413 12-08-2023, 04:22 PM
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Originally Posted By GenXTrumpFan⏩
We are at record domestic energy production boyo. And explain how adding "massive regulations" can impact the US economy in less than 3 months. Did he declare that all prices double or something?

The cause of inflation is clear, too much money chasing too few goods. Trump flooded the country with money while screwing up supply chains causing shortages. Pretty simple if you look at it logically friend.
We get it. You discovered that the money supply affects inflation, but didn’t do much more economic study to learn more about the causes of inflation. Government spending and energy supply and costs. Energy companies will increase prices to prevent future losses. If the president signs an EO that adds heavy regulations, prices will immediately start going up in anticipation of the estimated losses. Energy is used for everything, therefore, it causes inflation of a different kind.

It’s important to also read up on bottlenecks, how they are created, and their outcomes.
One party system; Most Republicans are Democrats, but no Democrats are Republicans.
Hayek and Mises were right; they're all socialists.
"To Call something fair or unfair is a subjective value judgment and not liable to any verification" Ludwig Von Mises
post 1694584473 12-08-2023, 04:22 PM
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Originally Posted By GenXTrumpFan⏩
Market expectations drove up prices and increased demand so fast that inflation doubled from January to March just by Biden signing a bill in March?

Nothing to do with Trump sending everyone checks in 2020 and wrecking supply chains eh?

LOLOLOLOLOLOLOLOL
You mean he sent stimulus checks when the economy was in the toilet? The horror!

So why did Biden send stimulus checks when the economy was already recovered? But it was DRUMPF

LMFAO
post 1694584733 12-08-2023, 04:27 PM
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Originally Posted By GenXTrumpFan⏩
LMFAO. Know what none of those presidents did? FLood the country with soo much money in such a short period of time WHILE destroying supply chains and creating shortages. Do you think the toilet paper shortage Trump created made prices go down? Remember all those ships that couldn't dock?

And Inflation is a lagging indicator cultist. Please explain how inflation increased .28% from January to February and .94% from February to March and 1.54% from March to April.

I know you can't be serious. Even cultist aren't this freaking dumb. Inflation increased 87% from January to March. Did Biden signing the bill magically make US inflation almost double from two months prior in the month he signed the bill?

Just lol at you cultist
Cultist cultist cultist cultist lol
"At the core of liberalism is the spoiled child - miserable, as all spoiled children are, unsatisfied,
demanding, ill-disciplined, despotic and useless. Liberalism is a philosophy of sniveling brats."

- PJ O'Rourke
post 1694585383 12-08-2023, 04:38 PM
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Originally Posted By fitnessislife⏩
Cultist cultist cultist cultist lol
don't forget jAnUarY 6th!
post 1694585433 12-08-2023, 04:40 PM
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Honestly, how intellectually dishonest do you have to be to praise the current economic climate? We all lived through Trump, and our individual purchasing power **** on this. No amount of fake statistics and doctored numbers changes what we all individually witnessed.


But hey, no mean tweets and more tranny power. Yay
post 1694585513 12-08-2023, 04:42 PM
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Originally Posted By fitnessislife⏩
Cultist cultist cultist cultist lol
But Drumpf wrecked the supply chains...LOLOLOLOLOL
post 1694589673 12-08-2023, 06:34 PM
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At least he had a soft landing this time in falling to a new low.
"At the core of liberalism is the spoiled child - miserable, as all spoiled children are, unsatisfied,
demanding, ill-disciplined, despotic and useless. Liberalism is a philosophy of sniveling brats."

- PJ O'Rourke
post 1694590193 12-08-2023, 06:44 PM
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Thank you Joe Biden for making the economy stronger than ever.

Rent and food prices falling hard.
Wages going up.
Stock market at all time highs with no signs of stopping.

What more could you ask for?
I hate capitalism srs
post 1694590283 12-08-2023, 06:46 PM
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Originally Posted By ltsOgre⏩
Thank you Joe Biden for making the economy stronger than ever.

Rent and food prices falling hard.
Wages going up.
Stock market at all time highs with no signs of stopping.

What more could you ask for?
Libtards live in an alternate reality
post 1694593433 12-08-2023, 07:54 PM
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What I find so interesting about the Fed, as well as progressive economists, is that they will run victory laps before all of the monetary policies have played out. Always keep in mind, as long as the fed keeps interfering and making changes, the government keeps spending money etc, all of those things have to "resolve" before we see the end result. It's very possible that we don't see this in its entirety until 2024. It's very possible that we are still going to go into recession, possibly even a depression. And wouldn't it be convenient if the fed has pushed this off until a Republican candidate is in office. There is never a boom without a bust.
One party system; Most Republicans are Democrats, but no Democrats are Republicans.
Hayek and Mises were right; they're all socialists.
"To Call something fair or unfair is a subjective value judgment and not liable to any verification" Ludwig Von Mises
post 1694595053 12-08-2023, 08:39 PM
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Originally Posted By 6gorillion⏩
Libtards live in an alternate reality
Google the economic statistics. What actually matters in the economy, not feelings or poll numbers.
I hate capitalism srs
post 1694595453 12-08-2023, 08:52 PM
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Originally Posted By ltsOgre⏩
Google the economic statistics. What actually matters in the economy, not feelings or poll numbers.
The University of Michigan does surveys to gauge the consumers. The survey asks about their financial situations, how they FEEL about the economy, and their outlook. It's based on subjectiveness of the consumer, but the consumer is who matters in an economy when it comes to demand.

The recent survey found that most were still not in a position to purchase durable goods, like refrigerators, furniture, and TVs. Interest rates are still high, so financing is out, and the consumer generally feels that the prices of durable goods are still too high. So contrary to your post, how the consumer FEELS has a huge impact on how healthy the economy is. In fact, the Biden regime changed the largely agreed upon measure of recession, and made it based on how the consumer feels, then turned around and pretended it was based on these other economic measures. Things aren't going their way, so they have to keep changing how it's measured.

So maybe you should stop pretending. This is a repeat of all of the COVIDcels telling everyone to "FOLLOW THE SCIENCE!", when there was no science, and they just went along with whatever the bureaucrats and politicians told them.
One party system; Most Republicans are Democrats, but no Democrats are Republicans.
Hayek and Mises were right; they're all socialists.
"To Call something fair or unfair is a subjective value judgment and not liable to any verification" Ludwig Von Mises
post 1694595613 12-08-2023, 08:58 PM
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Originally Posted By ltsOgre⏩
Google the economic statistics. What actually matters in the economy, not feelings or poll numbers.
Stats written by people who love Biden.

Here is the reality, most people won't read statistics like this. They will base their judgement on what they see.

Rent is falling? It's down? It's still really high.

Wages up? Maybe but not keeping up with inflation. they have less buying power now than previous years.

Food still insanely high.

Stock market, it's been up since whenver, 99% of it is the ultra rich.
post 1694595913 12-08-2023, 09:09 PM
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Originally Posted By Kraken⏩
The University of Michigan does surveys to gauge the consumers. The survey asks about their financial situations, how they FEEL about the economy, and their outlook. It's based on subjectiveness of the consumer, but the consumer is who matters in an economy when it comes to demand.

The recent survey found that most were still not in a position to purchase durable goods, like refrigerators, furniture, and TVs. Interest rates are still high, so financing is out, and the consumer generally feels that the prices of durable goods are still too high. So contrary to your post, how the consumer FEELS has a huge impact on how healthy the economy is. In fact, the Biden regime changed the largely agreed upon measure of recession, and made it based on how the consumer feels, then turned around and pretended it was based on these other economic measures. Things aren't going their way, so they have to keep changing how it's measured.

So maybe you should stop pretending. This is a repeat of all of the COVIDcels telling everyone to "FOLLOW THE SCIENCE!", when there was no science, and they just went along with whatever the bureaucrats and politicians told them.
The polls showed most people thought the economy was doing bad, but most thought their personal situation is good. Everyone I know is rich because of Biden. Huge savings rates and everyone is upgrading their lifestyles.
I hate capitalism srs
post 1694596093 12-08-2023, 09:16 PM
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Originally Posted By ltsOgre⏩
The polls showed most people thought the economy was doing bad, but most thought their personal situation is good. Everyone I know is rich because of Biden. Huge savings rates and everyone is upgrading their lifestyles.
"everyone I know is rich because Biden" LMAOOOO please troll more. Absolutely comedy.
post 1694596323 12-08-2023, 09:26 PM
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Originally Posted By 6gorillion⏩
"everyone I know is rich because Biden" LMAOOOO please troll more. Absolutely comedy.
Not rich but better than they were doing compared to 2019. Inflation sucks but their real income and net worth is way higher. Also there are more career opportunities under Biden. Hard work meant nothing under Trump, and to some extent Obama and Bush.
I hate capitalism srs
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Originally Posted By ltsOgre⏩
The polls showed most people thought the economy was doing bad, but most thought their personal situation is good. Everyone I know is rich because of Biden. Huge savings rates and everyone is upgrading their lifestyles.
Yes, but this is where the history of economics comes in. Many people make malinvestments under artificial economic conditions. When the bust comes, correction, or recession, whatever you want to call it, those same individuals end up having to liquidate because suddenly they realize they made bad investments and what they were seeing wasn't real.

I explained this in my economics thread. I recommend you read it.
One party system; Most Republicans are Democrats, but no Democrats are Republicans.
Hayek and Mises were right; they're all socialists.
"To Call something fair or unfair is a subjective value judgment and not liable to any verification" Ludwig Von Mises
post 1694596783 12-08-2023, 09:40 PM
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Originally Posted By ltsOgre⏩
Not rich but better than they were doing compared to 2019. Inflation sucks but their real income and net worth is way higher. Also there are more career opportunities under Biden. Hard work meant nothing under Trump, and to some extent Obama and Bush.
no mass layoffs in 2019, income compared to inflation means most people are actually making less compared to 2019. How the **** can there be more "Career Opportunities" under Biden when many sectors are bleeding jobs by the hundreds of thousands every month and they have enacted hiring freezes.
post 1694596933 12-08-2023, 09:45 PM
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Originally Posted By 6gorillion⏩
no mass layoffs in 2019, income compared to inflation means most people are actually making less compared to 2019. How the **** can there be more "Career Opportunities" under Biden when many sectors are bleeding jobs by the hundreds of thousands every month.
Most sectors are really tight under Biden to the point it's actually possible for most young people to get a decent job in this economy. It hasn't been like that since the late 90's srs. Some sectors are doing worse than others like tech, but that's pretty much recovered now. Check out some of the major tech stocks like Meta.
I hate capitalism srs
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