Because it's not like Biden just sat there and had nothing to do with the recovery. He got a HUGE amount of legislation passed including the second recovery act, the CHIPS act and the infrastructure act that Trump could NEVER get passed. All of them have played a role in the jobs recovery. It didn't just happen in a vacuum, as you disingenuously suggest.
under Biden. The world lost 3,500,000 millionaires in 2022, according to CNN, a large chunk of them in the US. Fucking the poor must have gotten boring, so Joe's failure to get his economic house in order is also screwing the rich. Millionaires are dropping like flies. As the US goes, so goes the world, and this is proof.
CDL read the headline ONLY and not the rest of the article. . (Alternate version: A patient escaped from the insane asylum, passed buy a laundromat, raped some of the women there, and then ran off. The headline in the local paper was "Nut screws washers and bolts.") . "Meanwhile, global median wealth, a more meaningful indicator of how the typical person is faring, actually rose 3% in 2022. In short, ****the average Joe got a bit of a boost**** and a bunch of millionaires and billionaires took a bath — a phenomenon some refer to as a “rich-cession.” . "... The combination — a boost for the median and a drain at the top — means ****inequality improved. Slightly, anyway.**** _____The top 1% of households still hold a staggering 44.5% of all global wealth____. That’s down just slightly from 45.6% in 2021. ..." . "... Another silver lining: According to Credit Suisse projections, global wealth will rise 38% over the next five years, reaching $629 trillion by 2027. Crucially, that growth is likely to be led by middle-income countries. ..."
Posted By: coeur-de-lion
under Biden. The world lost 3,500,000 millionaires in 2022, according to CNN, a large chunk of them in the US. Fucking the poor must have gotten boring, so Joe's failure to get his economic house in order is also screwing the rich. Millionaires are dropping like flies. As the US goes, so goes the world, and this is proof.
To repeat, "growth is likely to be led by middle-income countries."
Trouble is, we have full employment, wages are rising and inflation is easing. But it's nice to know CDL is worried about us millionaires. Don't worry. We're fine. If CDL hires a few more immigrants maybe he'll join us.
That's a raw number and not a net result. Wealth rose 3% but inflation was 8% during the same period, so the NET loss is 5%. Touting only PART of the equation is how Lefties mislead their low-information voters while their getting fucked by the economic policies. "Oh, look!!!! Your wealth went up 3% (while we devalued it by 8%). Lucky you." Lol
showed 80% of Americans of all political affiliations say the economy is worse than it was under Trump. Remember James Carville? "It's the economy, stupid."
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