It only takes six well sourced charts to destroy the "Bidenomics is working". Notice the sources are basically public organizations not partisan poop factories. {quote] Liberal media are declaring Bidenomics a success – but, after three years, hard numbers tell a much different story, regardless of whether the measure is how much Americans are paying, earning or saving.[/quote]
The main problem I see with this is that it is basically all just inflation dressed up under different metrics, and blaming Biden for inflation makes no sense. Inflation was a global phenomenon and we faired better than many similar countries.
Yes, those charts cover the obvious economic problems, but economics isn't everything, with huge numbers of immigrants how is anyone going to know if they will still have a job next month? should anyone work hard in college for a degree that might have a job market flooded with highly qualified immigrants?
Inflation wordwide was driven by US inflation - not the other way around. The US dollar dominates the currency used in international trade and many nations hold their cash reserves in dollars. Sorry the "but Mommy all the other kids are doing" argument fails.
I'm referring to both. That's just not how immigration, illegal or legal, works, dude. That's not how trade in general works.
Actually, it's exactly how trade works. Again, immigration is not the issue in this thread; there are several threads on that specific topic.
It really isn't. We can go over some econ 101 if you want to. Or you can try to find ANY evidence from ANYWHERE in history that shows that immigration (whether legal or illegal) has a long term negative impact on native employment. I'm not joking when I say you will probably win the Nobel Prize when you do that. And I wasn't the one who tried to link immigration to "Bidenomics." Speaking of Econ 101: Trade is not a zero sum game. I know Trump can't understand this, but you can.
This is just one of many links that discuss the negative impacts of legal and illegal immigration on the native population.
and here is Trump's America Spring - Summer of 2020 When Trump was President now.. who wants to go back to that America? don't be shock , almost 71 million Americans want to go back to Trump's America because gas price was $2.
I think that the current inflation caused by the COVID-19 pandemic aid given to citizens across the globe and in the USA to help them out during the shutdowns was an important lesson. It showed that the government can't just print money to meet our needs without consequences. Good thing we learned about it now rather than after it was made permanent through universal basic income or modern monetary theory (MMT). Those ideas have been put to bed.
BTW, just to note, my high-interest savings account interest rate went up above 4% after the Federal Reserve raised interest rates. So, I've actually benefited from the inflation reduction action by the Feds. I'm going to miss it if and when it stops.
[/QUOTE] It seems to me that Biden and Trudeau both attempted to DECREASE the productivity of American and Canadian workers........ ... I believe that they were both manoeuvred into this by people around them who too easily fall into the type of decisions that benefit the economy of China... and tend to harm the economies of the USA and Canada! To my thinking this brings us to what I consider to be the most brilliant analysis of the hyper-inflation of the Weimar Republic of Germany situation that I have ever read! Best explanation for Weimar Republic Inflation I ever read.... Now to put this all in a somewhat more up to date context: http://www.politicalforum.com/index...-to-crash-the-markets.600585/#post-1073510856 Do Biden's advisors and Trudeau's advisors seem to want to crash the markets? ? Do Biden's advisors want to create an economic crisis? No 8 vote(s) 38.1% * Yes 11 vote(s) 52.4% I certainly hope not???? 2 vote(s) 9.5% I hope so... because I know how to invest no matter which way this goes! 0 vote(s) 0.0% Change Your Vote
[/QUOTE] I don't even like to use charts with facts and figures about the economy. The fact is, most Americans are worse off financially under Biden. That is why Biden has huge disapproval numbers and 70% of Americans say the country is going in the wrong direction. They know every time they have to pay rent, mortgages, groceries, gas, or whatever. They don't need facts and figures about the economy to know their lives suck worse under Biden.
I don't even like to use charts with facts and figures about the economy. The fact is, most Americans are worse off financially under Biden. That is why Biden has huge disapproval numbers and 70% of Americans say the country is going in the wrong direction. They know every time they have to pay rent, mortgages, groceries, gas, or whatever. They don't need facts and figures about the economy to know their lives suck worse under Biden.[/QUOTE] I agree. The economy has become split such that many of the indicators and statistics seem to point to a healthy economy and yet none of those rosy numbers have trickled down to the average person or family. Prices of necessities are still nearly 15% more than just three years ago. Here in San Diego to buy the median home requires nearly $200,000 income. Wage growth seems to be catching up to the current rate of inflation but as I mentioned about inflation had a three year (and 15%) head start.
I agree. The economy has become split such that many of the indicators and statistics seem to point to a healthy economy and yet none of those rosy numbers have trickled down to the average person or family. Prices of necessities are still nearly 15% more than just three years ago. Here in San Diego to buy the median home requires nearly $200,000 income. Wage growth seems to be catching up to the current rate of inflation but as I mentioned about inflation had a three year (and 15%) head start.[/QUOTE] Most people don't understand that there are millions of people who have not benefitted from "wage growth" because they don't work or work little, which is why they can't pay their living expenses, groceries, etc., and food banks are being swamped. They are paying for the inflation and don't have any wage growth. Even middle America are only getting by by charging their groceries. But the left keep on bragging about how great the economy is and will readily post the facts and figures to prove it.
