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

G

gemini104104

Verified User
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
 
Last edited:
Madcow says something... So?

Inflation is at its highest in almost half a century.
Gas prices are the highest ever
There are shortages of many basic goods and services due to supply bottlenecks in part created by Biden
Consumer confidence is at a low and falling
The employment rate is nearly flat
GDP growth isn't keeping up with inflation
The economy is shrinking in the last two months putting the nation on the verge of a recession.

So, the Left and its sycophants may claim the economy is doing good but the reality is it sucks and nearly 90% of Americans know that.
 
BartenderElite said:
Actually, it's not. The economy can grow, and there can be inflation. They are 2 completely separate measures, for 2 different things.
Click to expand...
true - but they are generally indexed together when inflation is high so as not to deceive abut wage growth.
But you are correct
 
PostmodernProphet said:
inflation is the opposite of economic growth.....
Click to expand...

You fail to define what you are saying in terms of the opposite of economic growth. Consider the following clarification:

Since the growth rate of the price level is just another term for the inflation rate, the inflation rate must fall. An increase in the rate of economic growth means more goods for money to “chase,” which puts downward pressure on the inflation rate."

https://www.cato.org/policy-report/...growth rate of,pressure on the inflation rate.
 
Um its not economic growth but recovery from a forced stoppage of the economy due to the China Cootie.
Same with employment.
Growth will only come once we have recovered all that was forced to stop.
 
Minister of Truth said:
What are the odds we avoid a recession this month?
Click to expand...

The mathematical formula as it relates to economic growth versus inflation to which this rule did not suddenly appear in 2020 when the economic disaster area tRump and his actors got the boot:

Long-Run Inflation
We now use the quantity equation to provide us with a theory of long-run inflation. To do so, we use the rules of growth rates. One of these rules is as follows: if you have two variables, x and y, then the growth rate of the product (x × y) is the sum of the growth rate of x and the growth rate of y. We can apply this to the quantity equation:

money supply × velocity of money = price level × real GDP.
The left side of this equation is the product of two variables, the money supply and the velocity of money. The right side is likewise the product of two variables. So we obtain

growth rate of the money supply + growth rate of the velocity of money
= inflation rate + growth rate of output.
We have used the fact that the growth rate of the price level is, by definition, the inflation rate."

https://saylordotorg.github.io/text...f the money,by definition, the inflation rate.
 
gemini104104 said:
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
Click to expand...


AND ONCE AGAIN, MAGA WETS PANTIES!!!

770AE39B-8E0A-481D-88F8-930EB7E8CE9A.jpg

BWAAHAHAHAHAHAHAAAAHAHAHAHAAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAAHHAHAHAHAHAHA
 
T. A. Gardner said:
Madcow says something... So?

Inflation is at its highest in almost half a century.
Gas prices are the highest ever
There are shortages of many basic goods and services due to supply bottlenecks in part created by Biden
Consumer confidence is at a low and falling
The employment rate is nearly flat
GDP growth isn't keeping up with inflation
The economy is shrinking in the last two months putting the nation on the verge of a recession.

So, the Left and its sycophants may claim the economy is doing good but the reality is it sucks and nearly 90% of Americans know that.
Click to expand...

You need to pray harder, bitch. BWAAHAHAHAHAHAHAAAAHAHAHAHAAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAAHHAHAHAHAHAHA!!
View attachment 22627
 
Despite higher wages, inflation gave average worker a 2.4 ...https://www.cnbc.com › 2022/01/12 › higher-pay-eclip...
Jan 12, 2022 — Despite higher wages, inflation gave the average worker a 2.4% pay cut last year · Inflation grew 7% in December from a year earlier, the U.S. ...

This is what will cause a red Tsunami in November.
 
BartenderElite said:
Actually, it's not. The economy can grow, and there can be inflation. They are 2 completely separate measures, for 2 different things.
Click to expand...

no....stop and think a minute.......if there is exactly the same rate of production and sales, but everything costs twice as much, does it appear as if GDP has doubled?.......now think, has it?....
 
PostmodernProphet said:
no....stop and think a minute.......if there is exactly the same rate of production and sales, but everything costs twice as much, does it appear as if GDP has doubled?.......now think, has it?....
Click to expand...

The measure that shows the strongest economic growth in 37 years already factors in inflation.
 
gemini104104 said:
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
Click to expand...

What's all the more impressive is that, unlike any other time in history when we had growth that strong, no part of that was attributable to falling interest rates or rising deficits. Normally, when the economy is that hot, you have either growing monetary stimulus, growing fiscal stimulus, or both. In 2021, though, the deficit fell and rates were flat.
 
gemini104104 said:
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
Click to expand...
Rachel Madcow and MSNBS :rofl2: :rofl2: :magagrin:
 
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