In Biden's first year, economic growth reached a 37-year high

[Flash]

What are the odds we avoid a recession this month?

100 to 0. We won't see a recession for a year or two (if then).

 

[PostmodernProphet]

Actually, it's not. The economy can grow, and there can be inflation. They are 2 completely separate measures, for 2 different things.

no....seriously.....you're a fucking idiot......higher prices is not growth.....you and the other demmycunts need to stay far far away from things you don't understand...

 

[PostmodernProphet]

The measure that shows the strongest economic growth in 37 years already factors in inflation.

you are lying out of your ass.......

 

[PostmodernProphet]

It started MONTHS before Putin attacked Ukraine.

it started when Biden attacked the US oil industry.....

 

[PostmodernProphet]

Like when have we EVER had a recession with 3.6% unemployment?

we had low unemployment when we had the recession caused by 9/11.....we had low unemployment before the recession caused by the housing crisis......and we had record low unemployment before the recession caused by the chinese virus......

 

[PostmodernProphet]

Yep. What's annoying is the corporate press plays along. They turn the deficit into an existential threat during Democratic presidencies,

that's probably because Demmycrats are the ones with the biggest deficits.......

 

[PostmodernProphet]

[/SIZE]

Russia and Ukraine. It's in all the papers. Try opening one sometime.

are you sure it isn't just a minor incursion?....

 

[PostmodernProphet]

I don't. I take it you don't either. OK. Surrender accepted.

lol.....Truth Detector beat the crap out of you.....

 

[PostmodernProphet]

Under pretty much every Democratic president, we have nearly across-the-board improvement. And every time, right-wingers insist it's a coincidence, as it's a coincidence that our nation always falls into recession during Republican presidencies. If you want results, vote Democrat. If you want excuses, vote Republican.

idiot......worst inflation in 40 years and you have the balls to call it improvement......you fucks shouldn't be allowed anywhere near government......

 

[BartenderElite]

no....seriously.....you're a fucking idiot......higher prices is not growth.....you and the other demmycunts need to stay far far away from things you don't understand...

LOL

Inflation has zilch to do w/ GDP. How hilarious.

 

[PostmodernProphet]

LOL

Inflation has zilch to do w/ GDP. How hilarious.

thanks for admitting you have no understanding of the economy, fuckwit......you think because people are spending 8% more for the same thing that the economy has grown 8%.......

 

[Hawkeye10]

idiot......worst inflation in 40 years and you have the balls to call it improvement......you fucks shouldn't be allowed anywhere near government......

According to people who lie to us constantly, the same people who have massively miss managed the place and refuse to even discuss the matter, to even question them has become an unAmerica act......which never would have been allowed to happen if the American people were worth a shit.

The reality is worse.

 

[Hawkeye10]

Buckle Up.

 

[Into the Night]

I'm sure that you've noticed this as I have, and I've made note of this phenomenon multiple times in my posting history, but liberals such as Mina all but ALWAYS make reference to 'deficit' rather than 'debt'. They also tend to pretend that "lowering the deficit" is something that is somehow worthy of praise.

Regardless of whether debt has increased at a slower or faster rate than it did before, it has still increased all the same. "Reducing the deficit" is still increasing an unsustainable debt and it will still result in a crash.

Exactly. The choice before the government is an evil one. Either tighten up the currency and cause a debt crash since the government can't pay back the debt is the currency deflates, or loosen the currency (monetary easing), and put up with the high inflation, and a cash crash.

If a debt crash occurs, the government is ruined.
If a cash crash occurs, people will start using something else for currency. No government can stop it.
The economic depression will continue in either case as long as this fascism and communism are out of control.

 

[Into the Night]

Interesting, then, that you've yet to be able to identify a single lie. Why is that, do you think?

Argument of the Stone fallacy. He already has.

 

[Into the Night]

When discussing fiscal stimulus,

Just another word for monetary easing...leading to inflation, possibly hyperinflation, and a cash crash.

anyone with a brain will, of course, discuss changes to the deficit, not changes to the debt, for obvious reasons.

You can't print your way to prosperity.

Consider it in the context of a business, instead of a government, to see the point more easily.

Government is not a business and does not act like a business. False equivalence fallacy.

Let's say you work at a company that had $1 million of sales last year, while running a deficit of $100,000.

No such thing.

That guy gets fired and you inherit the company, and cut the advertising budget, leaving the company with a $50,000 deficit, and, say $1.1 million in sales.

No such thing. Attempted proof by contrivance.

Now, someone with no knowledge of business might conclude you did a worse job that your predecessor, since debt is now even higher than you inherited.

Anyone that knows business knows you did a worse job because the business is operating at a loss.

But among people who aren't blithering imbeciles, that would be seen as a step in the right direction....

Operating at a loss is not the right direction for any business.

you relied less on new borrowing to advertise products, but still managed to boost sales.

Operating at a loss is not the right direction for any business.

If you keep heading in the same direction, boosting sales and dropping deficits, debt will become a less and less burdensome problem, relative to revenues,

No. You can't just wish the liabilities away.

and eventually you'll even be able to start paying down debt.

A business that doesn't can't pay down debt for any length of time is bankrupt.

 

[Into the Night]

Yes, or at least 100% over three years. I posted links to confirm that's the general thinking among those of us we a decent education into economics. Now you know and can be slightly less ignorant than before. You're welcome.

You deny economics.

 

[Into the Night]

Mine's 160. That would be a deadly hot room. You?

Argument from randU fallacy. IQ is a meaningless number.

 

[Lightbringer]

Despite repukes and their media sources of anti-Biden lies, smear tactics and disinformation from the beginning of the sewer element, this deplorable influence cannot get around the facts versus its lies to attempt the manipulate the thinking of society for uncivilized and evil reasons:

Kevin McCarthy argued last year that Joe Biden's policies "have stalled our recovery," adding, "Bidenomics is bad for America." Yeah, about that...

As a presidential candidate in 2016, Donald Trump made bold predictions about the kind of economic growth the United States would see if he were elected. Americans would celebrate, the Republican said, as annual GDP growth reached 4 percent for the first time in decades.

It was among the most jarring of Trump's broken promises. Even before the pandemic, GDP growth in Trump's first three years failed to reach 3 percent."

Bottom line:

But as it turns out, the U.S. economy was able to reach growth rates unseen in a generation, but it happened under President Joe Biden."

https://www.msnbc.com/rachel-maddow...economic-growth-reached-38-year-high-n1288089

Stop lying.

 

[Into the Night]

You're cherry-picking a single indicator.

Fallacy fallacy. Fuel prices affect ever other price and availability, since those other commodities must be shipped. Prices are higher across the board too.

One could, of course, pick some other indicator and show much lower inflation, or actual deflation.

Gold is deflating because the dollar is inflating.

That's why CPI uses the full "basket of goods," while partisans pick and choose which indicator they want to look at based on what's convenient for their argument at the moment.

Prices are higher across the board. A lot higher. Government figures are coming from the Ministry of Truth. They are meaningless.

Anyway, core inflation rose to a high in April 2021, and is actually down since then.

No such thing as 'core inflation'.

It peaked at about 10.23% (annualized) and now stands at 6.81% (total inflation is currently significantly lower,

Making up numbers and using them as data is a fallacy, dude. Argument from randU fallacy.

but economists typically look at core inflation,

No such thing. Buzzword fallacy.

since it ignores the noise of fuel and food prices,

Fuel is used to ship everything. People have to eat.

which are all over the place from month to month).

No. They are all going up and fast.

I think most people regard 6.81% as too high. But, the "smart money" is betting it's mostly about short-term supply chain snags, rather than long-term money-supply issues.

Then your 'smart money' is incredibly dumb.

Like investors have priced the 5-year TIPS spread at 3.04%, meaning they expect inflation to be BELOW AVERAGE over the next five years.

You are making up shit again. You don't get to speak for everyone. You only get to speak for you. Omniscience fallacy.