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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 1694651483 12-10-2023, 06:16 AM
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Originally Posted By GenXTrumpFan⏩
Trump never hit even 4% for a quarter or 3% for a year, first time EVER. Trump's economy sucked. And in your view covid was gone when Biden took office?

Wage growth is outpacing inflation right now much biglier than it ever did for Trump boyo. Tell me something Mr. Econ wiz, why did Trump cry so much about Fed rates that they LOWERED rates in 2019? Is that something you do with a "booming" economy?
Who the fuk goes by that? Oh noes, he never hit 4% for a quarter!!1 I believe that argument is called SPIN.

Pre-covid, his yearly GDP numbers were better than Obama's
post 1694651543 12-10-2023, 06:19 AM
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Originally Posted By AlfBundy⏩
Why do you keep talking about inflation from Jan to March? It was within normal range until Biden told everyone they were getting extra cash they didn't need, driving up massive demand. I remember a guy I worked with got $4k because of his kids. Guess what? He blew it all on consumerist garbage, just like everyone else did.Because they didn't need it

Thanks Biden, thanks a lot. That's what happens when you let liberal "demand-focused" nuts run the economy
Your own chart showed that inflation doubled from January to March and doubled again from March to June. It's literally impossible for an impact of legislation to filter through to CPI and impact the economy in such a short period of time. I post this up to prove to you that inflation was running and getting hot way before Joe signed a bill spending but a small fraction of what Trump spent. And don't forget those jacked up supply chains Trump left Biden with. I assume you think that's on Biden too?

You literally reason like a child. It happened on X date therefore it's the responsibility of X president. Like something as massive as US CPI can just turn on a dime.

Like a child you think.
post 1694651583 12-10-2023, 06:21 AM
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Originally Posted By AlfBundy⏩
Who the fuk goes by that? Oh noes, he never hit 4% for a quarter!!1 I believe that argument is called SPIN.

Pre-covid, his yearly GDP numbers were better than Obama's
Obama hit 4% for a quarter boyo. And pre-covid Trump's GDP averaged around 2.4% Pathetic. Obama's last four years were about exactly the same.

You need to lay off the alt right media friend.
post 1694651623 12-10-2023, 06:22 AM
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Originally Posted By GenXTrumpFan⏩
Your own chart showed that inflation doubled from January to March and doubled again from March to June. It's literally impossible for an impact of legislation to filter through to CPI and impact the economy in such a short period of time. I post this up to prove to you that inflation was running and getting hot way before Joe signed a bill spending but a small fraction of what Trump spent. And don't forget those jacked up supply chains Trump left Biden with. I assume you think that's on Biden too?

You literally reason like a child. It happened on X date therefore it's the responsibility of X president. Like something as massive as US CPI can just turn on a dime.

Like a child you think.
Oh Trump's magic wand and the supply chains!1 It's hilarious you keep bringing that up. Trump screwed up the supply chains!!! You sound like a blue checkmark Biden groupie
post 1694651713 12-10-2023, 06:25 AM
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Originally Posted By GenXTrumpFan⏩
Obama hit 4% for a quarter boyo. And pre-covid Trump's GDP averaged around 2.4% Pathetic. Obama's last four years were about exactly the same.

You need to lay off the alt right media friend.
2.4%? Better than Obama's 1.8% average, and Obama got in at a market bottom. Literally nowhere to go but up and the best he could average is 1.8. SAD
post 1694651793 12-10-2023, 06:28 AM
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Originally Posted By AlfBundy⏩
2.4%? Better than Obama's 1.8% average, and Obama got in at a market bottom. Literally nowhere to go but up and the best he could average is 1.8. SAD
lol, why are you including the Great Recession years that Bush left Obama but not including Covid for Trump?

Such a simp you are...LOL
post 1694651813 12-10-2023, 06:29 AM
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Originally Posted By GenXTrumpFan⏩
Trump never hit even 4% for a quarter or 3% for a year, first time EVER. Trump's economy sucked. And in your view covid was gone when Biden took office?

Wage growth is outpacing inflation right now much biglier than it ever did for Trump boyo. Tell me something Mr. Econ wiz, why did Trump cry so much about Fed rates that they LOWERED rates in 2019? Is that something you do with a "booming" economy?
Americans are hurting, worse than under trump. Quality of life for the average pleb has continued to degrade under the current administration. Stop being NPC
post 1694651833 12-10-2023, 06:30 AM
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Originally Posted By AlfBundy⏩
Oh Trump's magic wand and the supply chains!1 It's hilarious you keep bringing that up. Trump screwed up the supply chains!!! You sound like a blue checkmark Biden groupie
Were supply chains wrecked under Trump - Yes/No

Do wrecked supply chains impact supply and thus impact inflation - Yes/No


I'm trying to walk you through reality here boyo. You're not making it easy for me.
post 1694651963 12-10-2023, 06:32 AM
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Originally Posted By ezmac31⏩
Americans are hurting, worse than under trump. Quality of life for the average pleb has continued to degrade under the current administration. Stop being NPC
Just because Americans feel that way doesn't make it reality. Wages are bigly outpacing inflation. Inflation has been close to normal levels for six months. Jobs are everywhere. The economy is growing like crazy. The market is up huge.

It will take time for people to forget the sting of Trumpflation but they will. Folks cry that eggs are 25% more now than they were 3 years ago but seem to forget they're making 25% more too. Interest rates will come down now that Biden has crushed Trumpflation.

In other words. Americans are lazy, stupid, and entitled.
post 1694652143 12-10-2023, 06:39 AM
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Originally Posted By GenXTrumpFan⏩
Were supply chains wrecked under Trump - Yes/No

Do wrecked supply chains impact supply and thus impact inflation - Yes/No


I'm trying to walk you through reality here boyo. You're not making it easy for me.
Again this blue haired Biden groupie with the supply chains lol. You sound like an unhinged nut

You must have America confused with the USSR. We don't have a planned centralized economy where the supply chains are micromanaged by the president brah

But Trump's supply chains!! Thanks for the laugh
post 1694652223 12-10-2023, 06:42 AM
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Originally Posted By GenXTrumpFan⏩
It will take time for people to forget the sting of Trumpflation
post 1694652273 12-10-2023, 06:43 AM
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Originally Posted By AlfBundy⏩
Yes Biden signed a bill and magically inflation doubled. You should aware economist how quickly and easily the US major economic indices can be impacted by writing one's name on a piece of paper.

LMFAO

Child
post 1694652473 12-10-2023, 06:48 AM
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Originally Posted By GenXTrumpFan⏩
Yes Biden signed a bill and magically inflation doubled. You should aware economist how quickly and easily the US major economic indices can be impacted by writing one's name on a piece of paper.

LMFAO

Child
Don't need to brah. Economists are well aware of the economic impact of consumer expectations. You should look into it and spend less time spinning the facts to fit your agenda
post 1694652573 12-10-2023, 06:51 AM
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Originally Posted By AlfBundy⏩
Don't need to brah. Economists are well aware of the economic impact of consumer expectations. You should look into it and spend less time spinning the facts to fit your agenda
Consumer "expectations" cause inflation to skyrocket huh? Not you know, an actual massive increase in the money supply like Trump created?

And are you so ignorant that you're unaware of supply chains? They were wrecked during 2020 bigly impacting supply.

So here we have: Massive increase in the money supply thanks to Trump's $2.7T covid spending + wrecked supply chains that greatly diminished supply.

What do you think the end result of the above would be boyo? All happened in 2020 under the Orange Turd's watch.
post 1694652653 12-10-2023, 06:54 AM
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Originally Posted By GenXTrumpFan⏩
Consumer "expectations" cause inflation to skyrocket huh? Not you know, an actual massive increase in the money supply like Trump created?

And are you so ignorant that you're unaware of supply chains? They were wrecked during 2020 bigly impacting supply.

So here we have: Massive increase in the money supply thanks to Trump's $2.7T covid spending + wrecked supply chains that greatly diminished supply.

What do you think the end result of the above would be boyo? All happened in 2020 under the Orange Turd's watch.
And yet inflation didn't EXPLODE until Biden promised Americans massive amounts of extra spending money they didn't need...

post 1694652673 12-10-2023, 06:55 AM
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Originally Posted By ltsOgre⏩
Just googlehow much wages have been growing over the last few months once Biden's policies have been kicking into full swing.
So you can't actually provide proof of your empty claims, while also trying to change your claim. Got it. If you can't "just Google" and provide a link, why should anyone else believe you?

Real wages have beenFLATfor the past two years, and are lower than under pre-pandemic Trump
https://fred.stlouisfed.org/series/LES1252881600Q
post 1694652683 12-10-2023, 06:55 AM
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Originally Posted By GenXTrumpFan⏩
Just because Americans feel that way doesn't make it reality. Wages are bigly outpacing inflation. Inflation has been close to normal levels for six months. Jobs are everywhere. The economy is growing like crazy. The market is up huge.

It will take time for people to forget the sting of Trumpflation but they will. Folks cry that eggs are 25% more now than they were 3 years ago but seem to forget they're making 25% more too. Interest rates will come down now that Biden has crushed Trumpflation.

In other words. Americans are lazy, stupid, and entitled.
So times aren't bad for the average American worker, it's just that they're lazy, stupid, and entitled.......
post 1694652703 12-10-2023, 06:56 AM
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Originally Posted By AlfBundy⏩
And yet inflation didn't EXPLODE until Biden promised Americans massive amounts of extra spending money they didn't need...

Inflation exploded well before a dollar of piece of paper Biden signed was spent. And why do you keep ignoring the $2.7T that Trump spent in 2020 that actually did impact the economy?

Do you think the entire bill is just dumped into the economy on the day it's signed? The vast majority wasn't spent for well over 6 months. Trumpflation was way out of control by then.
post 1694652773 12-10-2023, 06:58 AM
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Originally Posted By GenXTrumpFan⏩
Inflation exploded well before a dollar of piece of paper Biden signed was spent. And why do you keep ignoring the $2.7T that Trump spent in 2020 that actually did impact the economy?

Do you think the entire bill is just dumped into the economy on the day it's signed? The vast majority wasn't spent for well over 6 months. Trumpflation was way out of control by then.
See post #133 brah. I think you missed it
post 1694652933 12-10-2023, 07:01 AM
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Originally Posted By AlfBundy⏩
See post #133 brah. I think you missed it
So "consumer expectations" created inflation, not the infusion of $2.7T into the economy coupled with much lower supply?

Interesting theory there cotton. You should write a book since everything you argue flies 100% in the face of too many dollars chasing too few goods theory of inflation.

I guess car prices skyrocketed not because there were not cars available but because consumers "expected" them to be expensive?

lol
post 1694653013 12-10-2023, 07:04 AM
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Originally Posted By GenXTrumpFan⏩
And I quoted you the shape of the economy when Biden took office. Massive unemployment, bigly negative GDP, massive increase to the debt. What about that says "recovered" economy to you boyo?
Why does it take so many lies to prop up Biden's failures?

Your claimed "massive unemployment" in Feb 2021 was 6.2% and plummeting. Down from 14.7% the prior year after Governors shut down their states. Meanwhile, unemployed today isUPsince Jan 2023.
https://data.bls.gov/timeseries/LNS14000000

"Bigly negative GDP"?2021 1st quarter GDP was 6.3% (POSITIVE). Negative GDPs didn't hit until a year into Biden's administration.

And it's funny how the critics of Pelosi/Trump debt remain utterly silent on the Pelosi/Biden debt.
post 1694653123 12-10-2023, 07:09 AM
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Originally Posted By nutsy54⏩
Why does it take so many lies to prop up Biden's failures?

Your claimed "massive unemployment" in Feb 2021 was 6.2% and plummeting. Down from 14.7% the prior year after Governors shut down their states. Meanwhile, unemployed today isUPsince Jan 2023.
https://data.bls.gov/timeseries/LNS14000000

"Bigly negative GDP"?2021 1st quarter GDP was 6.3% (POSITIVE). Negative GDPs didn't hit until a year into Biden's administration.

And it's funny how the critic of Pelosi/Trump debt remain utterly silent on the Pelosi/Biden debt.
lol, 2021 GDP was on Biden's watch. How is inflation his fault but he doesn't get credit for GDP? GDP was negative 2.7% in 2020 so obviously we'd see some improvement in the latter months, Trump botched the earlier part of 2020 so bigly.

You people are unbelievable. And unemployment is within a few hundreds of a percent of it's low point. Why do you have to argue in such lies to try to make a point boyo?
post 1694653173 12-10-2023, 07:11 AM
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Originally Posted By GenXTrumpFan⏩
So "consumer expectations" created inflation, not the infusion of $2.7T into the economy coupled with much lower supply?

Interesting theory there cotton. You should write a book since everything you argue flies 100% in the face of too many dollars chasing too few goods theory of inflation.

I guess car prices skyrocketed not because there were not cars available but because consumers "expected" them to be expensive?

lol
Everyone knows about the chip shortage brah, driven by demand from people working from home because liberals forced businesses to close worldwide. Try again
post 1694653253 12-10-2023, 07:15 AM
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Originally Posted By GenXTrumpFan⏩
lol, 2021 GDP was on Biden's watch. How is inflation his fault but he doesn't get credit for GDP? GDP was negative 2.7% in 2020 so obviously we'd see some improvement in the latter months, Trump botched the earlier part of 2020 so bigly.

You people are unbelievable. And unemployment is within a few hundreds of a percent of its low point. Why do you have to argue in such lies to try to make a point boyo?
Are you drunk this early in the morning? GDP just as Biden took office is his result? OK... 4th quarter of 2020 was +3.9%,so you're still a LIAR to claim Biden entered office with negative GDP.
Negative GDP occurred a year before Biden took office, as Governors shut down their states, businesses, and commerce.

I haven't made a single lie here, yet you once again lie to claim I did. That's how much of a failure Biden is. Unemploymentincreasingthroughout 2023, solely under Biden and the results of a Democrat-controlled Congress, but you deflect into percentage points?
post 1694653363 12-10-2023, 07:17 AM
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Originally Posted By AlfBundy⏩
Everyone knows about the chip shortage brah, driven by demand from people working from home because liberals forced businesses to close worldwide. Try again
But wait, I thought you said supply didn't impact prices? It was all "consumer expectations"?

And demand from people working at home? LOL

It was the inability to get the raw materials and labor to make the chips that caused the supply issues. Lol at WFH causing a chip shortage...SMH

Two reasons a car chip shortage is taking place
Number one: Modern cars are much more technologically advanced than previous generations of vehicles. This means that for all of that entertainment, safety, and performance tech you want in your N Charlotte Toyota, you’re going to need quite a few car chips.

Number two: The COVID-19 pandemic totally messed up forecasting for goods. Back in March of 2020, shutdowns and quarantines kicked off. Automotive manufacturers figured that this would lead to a lower demand for new cars; due to that assumption, they forecasted fewer sales and as such, canceled chip orders. Unfortunately, they were wrong. Demand dropped temporarily, but it bounced right back up… and the car chips weren’t there, which means the car chip shortage began.

Weird, no word of WFH...LOL
post 1694653453 12-10-2023, 07:19 AM
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Originally Posted By nutsy54⏩
Are you drunk this early in the morning? GDP just as Biden took office is his result? OK... 4th quarter of 2020 was +3.9%,so you're still a LIAR to claim Biden entered office with negative GDP.
Negative GDP occurred a year before Biden took office, as Governors shut down their states, businesses, and commerce.

I haven't made a single lie here, yet you once again lie to claim I did. That's how much of a failure Biden is. Unemploymentincreasingthroughout 2023, solely under Biden and the results of a Democrat-controlled Congress, but you deflect into percentage points?
How much has unemployment increased over Jan '23?

And 2021 GDP was 6.3%, 7.0%, 2.7%, and 7.0%.

So I guess a more apt description would be that Biden too anemic GDP growth and exploded it boyo.

Just lol at you.
post 1694653483 12-10-2023, 07:20 AM
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Originally Posted By GenXTrumpFan⏩
But wait, I thought you said supply didn't impact prices? It was all "consumer expectations"?
More blue haired groupie spin and lies. Show me where I said this...I'll wait (this should be hilarious)
post 1694653653 12-10-2023, 07:25 AM
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Originally Posted By GenXTrumpFan⏩
How much has unemployment increased over Jan '23?
In January it was 3.4%, it's now 3.7%. That's anINCREASEunder Biden, during his third year in office, who's supposedly doing super-awesome-great.
https://data.bls.gov/timeseries/LNS14000000
And 2021 GDP was 6.3%, 7.0%, 2.7%, and 7.0%.
That's swell, what does that have to do with actual results after Biden has been in office for nearly three years?
So I guess a more apt description would be that Biden too anemic GDP growth and exploded it boyo.
So now you're blaming Biden for mangling GDP? OK...
post 1694653713 12-10-2023, 07:27 AM
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Originally Posted By nutsy54⏩
In January it was 3.4%, it's now 3.7%. That's anINCREASEunder Biden, during his third year in office, who's supposedly doing super-awesome-great.
https://data.bls.gov/timeseries/LNS14000000


That's swell, what does that have to do with actual results after Biden has been in office for nearly three years?


So now you're blaming Biden for mangling GDP? OK...
So you think unemployment should go down until it hits zero boyo? Minor fluctuations you don't think are normal?

And GDP just hit 5%.

How awesome is Biden doing boyo!
post 1694653813 12-10-2023, 07:29 AM
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Originally Posted By AlfBundy⏩
More blue haired groupie spin and lies. Show me where I said this...I'll wait (this should be hilarious)
Sorry boyo, it's clear you have zero clue about anything economic related. You literally blamed inflation on "consumer expectations" and acted like supply chains maggled under Trump had no impact.

I'd be better off arguing with a wall.
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