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The US economy has been in a crisis at least since 2008. Instead of fixing the problems, the big banks were bailed out and got even bigger. The Fed worked hard to make things look good in the short run, and postpone the ultimate inevitable crash.
What was the unemployment rate in January 2021? 6.3%
Is that a recovered economy?
Remember -- previous administration took great pride in their impact on the unemployment rate.
When they took office it was 4.7 and went down to 3.5
Biden started at 6.3 and is now at 3.9?
Unemployment rate is an awful measuring stick of the health of the economy. We all know things were going great under Trump until covid. The pandemic not TRUMP caused a temporary exodus of people from their jobs. It was bound to come back after covid settled down. Biden deserves ZERO credit for that.
But causing extreme painful inflation? That's all on our weak old senile leader. We should be furious at people who voted for this idiot who could very well destroy America.
Of course Biden lied in the SOTU address. Of course he took credit improvements in the economy that he had nothing to do with.
As an independent I see through his lies.
However Trump did the same thing. Yes Trump lowered taxes, stream lined regulations etc. But the economy was humming along when Obama left office. Moving in the right direction. Trump kept it going in the right direction. When Trump left they economy was improving from a deep recession. Biden kept it going forward.
At what point does the new POTUS deserve credit for the economy? Who knows. Trump took credit from day one and implied that it tanking when Obama left office. Neither is correct. Its not Trump's fault that the economy tanked due to covid. But it was his responsibility and if his numbers are bad because of it so be it.
Reality is Obama, Trump and now Biden have benefited from near zero interest rates and all the over spending. Some day this house of cards will come crashing down and whoever is in the White House will get all the blame even though its really a multi decade two party issue.
Yes, the "humming along" economy is an illusion. It's only humming for the rich and upper middle class, and it probably will stop humming even for them when everything crashes. As it absolutely must. You can't continue devaluing a currency forever.
Go try running a small business is Brandon's ideal image of America like NYC or San Fran... And then try to get by on what an average job will pay. And then you will understand why the people are angry and hurling expletive remarks about the guy when he's not even in the building.
Liberals will tell you that people just need to suck it up and forget about America ever being prosperous again... Well, those liberals are being targeted by the resulting surge of violence the most, since they choose to live in those liberal cities where violence is surging the most. I guess their faces will have to toughen up to absorb the blows they know are coming... When the hunger pangs start, everything you thought you knew vanishes into thin air, just like your former way of life.
Covid wrecked our economy and we are still trying to recover. We are getting there though. The only good thing about covid is that companies know how valuable their employees are now and are paying them more. Target is now paying $24 and hour.
it's certainly not one that's in crisis, as xoe insists repeatedly.
Keep in mind the people that call 6.3% UE an economic catastrophe are the same ones that crow about Obama finally getting UE down to 4.7% after only eight years.
If 1.6% is the difference between a catastrophe and a miracle, then Trump's sustained 3.5% UE should earn him a place on Mt. Rushmore.
Covid wrecked our economy and we are still trying to recover. We are getting there though. The only good thing about covid is that companies know how valuable their employees are now and are paying them more. Target is now paying $24 and hour.
Most any American would take what we had when Trump left office vs the fake believe dementia fueled "recovery" Brandon has painted in your head. You don't seem to understand that he is at the stage of the game when you can't take everything he says seriously because, you know, he's senile. Do people really have to explain this stuff to you when you visit nursing homes and stuff?
Most any American would take what we had when Trump left office vs the fake believe dementia fueled "recovery" Brandon has painted in your head. You don't seem to understand that he is at the stage of the game when you can't take everything he says seriously because, you know, he's senile. Do people really have to explain this stuff to you when you visit nursing homes and stuff?
How does Biden have dementia and is senile. You think this way because of what you've been told by conservative media. Trump lost because the majority voted him out. His supporters may want him back but the majority don't. He's too old just like Biden.
What federal mandates? There really weren't any, certainly not that shutdown sectors of the economy. Biggest would be in healthcare. Since the government pays for most healtchare in the US they can distort the market there. Not really a mandate, they just had mask/vax requirements for companies that contracted with the government. Kind of a pseudo mandate but at any rate nobody lost their jobs because the government shutdown healthcare. A few voluntarily chose to separate from employment rather than get vaxxed which was an employer requirement. The employer chose to implement that requirement because it's biggest customer is the federal government. It's an argument against having the federal governt having the monopoly power it has in healthcare but they should of course be able to require contractors to be vaxxed. I would say around half the private sector companie I contract with have vax requirements as well. Nothing wrong with them requiring their employees and contractors to be vaxxed.
We certainly had a lot of sectors of the economy shutdown here in California. They were local/state shutdowns though. They had nothing to do with any imaginary federal mandates. Restaurants were shutdown here because of local policies and local policies alone just as they were everywhere else that shutdown restaurants.
Ok if not for Federal mandates then we can blame the individual states for closing business and putting people out of work during the pandemic which forced many to go on unemployment. Still, should Biden be taking credit for the much lower numbers of people on unemployment since they went back to work now that the pandemic is in the rear view mirror? I say no, but he is.
If he takes credit for the lower unemployment numbers will he also take credit for them rising again if we should be hit with another recession? I say yes, but we know he will not.
Some here have stated that Biden inherited the many messes that he is drowning in right now from Trump but I see it the other way. If the Dems fail to "influence" the election in 2024 the Republican Prez is going to face an uphill possibly years long battle to just get us back to where we were when Biden took over, if that is even possible anymore.
Biden has wrecked everything and we still have 3 more years of this flea circus.
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