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I have no trouble believing the US economy is the best in the world, providing more people with more opportunity than any other economy. Just to make a point - China, the number 2 economy in the world, certainly does not have to defend its borders against intruders.
It appears to me that the economy will stay strong for many years to come. Even the naysayers can't point to exactly what they think the "problems" with the US economy might be. National debt?... I've been hearing about that since 1955.
Yeah, we are well aware that economy is not your thing, I'm just wondering what is.
P.S. Due to the special status of the US dollar the multi-trillion feast has gone for a long time. It's not going to last forever.
So much has been written about the mystery of the economy doing well, but people not completely registering it.
Apparently it's not just that our economy is doing well for us, but that it's even doing well in comparison to other countries.
The Soft Landing Is Global, but It’s Cushiest in America
Economies all over the world are lowering inflation while avoiding serious recession — but growth in the United States stands out.
“This is a good situation, let’s be honest, this is a good economy,” Jerome H. Powell, the chair of the U.S. Federal Reserve. https://www.nytimes.com/2024/02/02/b...inflation.html
Do you not interact on a personal level with anyone that is poorer?
Inflation? Car costs? Grocery costs? Rent?
I mean wow, this is like the Administrations let them eat cake moment.
The other people who aren’t registering it are those who get all their information from FoxNews, which just feeds them a steady stream of negative bias.
That might be so, but the other thing they have in common is they don't want to believe it because they're mostly all young people who don't know any better yet. Give them another 20 years or so of real first hand experience rather than hearsay and negative propaganda and they'll all be admitting that it's true, U.S. has and always has had the lowest cost of living and the best economy of all other countries. Them denying it isn't helping the nation, it's just a case of them trying to drag it down because of bias and setting their owns selves up for failure.
So much has been written about the mystery of the economy doing well, but people not completely registering it.
Apparently it's not just that our economy is doing well for us, but that it's even doing well in comparison to other countries.
The Soft Landing Is Global, but It’s Cushiest in America
Economies all over the world are lowering inflation while avoiding serious recession — but growth in the United States stands out.
“This is a good situation, let’s be honest, this is a good economy,” Jerome H. Powell, the chair of the U.S. Federal Reserve. https://www.nytimes.com/2024/02/02/b...inflation.html
When you look at our government deficits as a % of GDP, they are unprecedented in an economy that is growing. We used to only run such large deficits in recessions. Even in recessions, they were often not as large as they currently are.
So, no. I don't think our economy is nearly as good as they're telling us.
Most industrialized countries currently have debt/GDP ratios of 1.5. Japan's is 2.5. Moreover, ours and other countries' levels have started to come down since COVID ended.
There does need to be more fiscal discipline but it's absurd to suggest we should have zero outstanding bonds.
There are a lot of corporate layoffs starting to kick in, and the Fed seems to be overlooking that.
While the economy is strong overall, oil and commodity price pressures remain something to watch, especially with the absurd Biden energy policy.
To be fair the standard of living in the US as a whole isn't something to write home about. It needs to be improved. It used to be the best In the world so why has people's standards there lowered?
Anytime you see 3 or 4 authors for a short article, that means it’s written by leftist socialist in a left wing publication. For some reason, they can’t write articles without a committee. This one was the NYT, who fires moderate liberals for not being pro-blown leftist.
See how much time this saved everyone….
Exactly. It's only a matter of time until the layoffs begin en masse. It won't be pretty.
Between 2021 thru 2023 there were nothing but mass layoffs, increased poverty and increasing inflation. I will give you that inflation specifically is not a Biden related problem, rarher inflation has always been on the rise, even in the Trump era. What Biden owns are his unrestricted spending policies while tallying the debt to the middle class in his advocacy of increasing interest rates along with Jerome Powell.
There has been a sudden burst of hirings that I particularly have noticed toward Fall of 2023 and by all means is it welcome, but it doesn't necessarily mean that we are out of the fire, more likely the economy has 'corrected' itself for the time being, but I can't say how long things will remain stable, especially if Biden and Co wins the next election and their policies remain consistent as before.
Do I think the economy is currently doing well? I wouldn't say 'Well' but it definitely is on an upswing
Does that mean I forgive Biden for his recklessness? No.
Well yes, if you’re already rich, the economy is always great!!
If you’re the average worker or retiree, the economy still sucks since we feel it each and every time we fill up our car, for work, and when we buy our weekly groceries.
After filling up my car and buying food, I’m not feeling all that positive about Bidenomics since it’s not work out too well for me.
I know that Far Left is scared that the economy sucks for the average family, but trying to tell us or convince us that our eyes, wallets and bank accounts are lying to us isn’t a winning strategy since it’s based on a lie. Yes, if you’re rich, your life isn’t affected at all and everyday in America is great, but if you’re in the Working Middle-Class or a retiree on a fixed incomE, WE ARE FEELING THE TRUTH EVERY SINGLE DAY!
Please do not insult our intelligence with BS propaganda, and no, neither my eyes or wallet are liars… I cannot say that for the Biden apologist who are twisting facts and outright lying about everything.
AND!! only an idiot would think giving Biden, which means Harris, four more years to screw up more stuff since they have a ZERO record on fixing anything, is somehow going to fix everything is simply a fantasy, based on ZERO facts.
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