Politics and Religion

The economy is now roaring!
RespectfulRobert 425 reads
posted

GDP thought the roof and inflation lowering! Good news for America is bad news for Republicans. Sad!
http://www.cnbc.com/2024/01/25/gdp-q4-2023-the-us-economy-grew-at-a-3point3percent-pace-in-the-fourth-quarter.html

RespectfulRobert64 reads

Cant you be happy for the country? You are coming across as anti-American. This is great news CKS!

He is better than that sex offender who was hit with a $83.5 judgment for sexual abuse and defamation.

SO IS TRUMP!

Posted By: cks175
Re: And Biden Is Still A Geriatric

when Credit card debt is higher than anytime in history, and it's not because people are taking luxury vacations.  They are using their cards to buy groceries and other necessities of life because Biden's inflation shot that bottom out of the value of their purchasing power.  Lower Middle-income families ($45,000 to $70,000) are struggling to keep food on the table and their bills paid.

This is the inflation vs wages comparison graph, most recent I could find.  Note that between about April '21 and April '23 the red area represents value stolen from the average wage earner.  During those two years his or her income did not keep up with prices.  The green area begins around April '23.  The area of the green to date is less than then area under the red.  Meaning that while wages are recovering, the average wage earner is STILL behind.  Three years in and the American wage earner has been robbed of that value.  Not even a break-even yet, let alone getting ahead.
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Forget Republican or Democrat, Liberal or Conservative -- inflation steals money from wage earners.  Pre April '21 wages stayed ahead of inflation, but inflation was still, mostly, stealing part of the value of their earnings.
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The high inflation starting in April '21 was due to huge deficit spending.  It's simply a tax on people through hidden means.  Government programs are paid for by the wage earners one way or another.  Deficit spending does not pull wealth from thin air.  It steals it out of the pockets of wage earners as sure as night and day.
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We can hope that the green area on the right will eventually exceed the red area.  But that's not yet a given.  Especially if the Fed decides to inflate again in time to benefit the incumbents election.  Which would once again be stealing from the poor out the back door.

followme52 reads

Since you are a submissive beta I’m not surprised you are so naïve and gullible.

 
The first three years of the biden administration the economy got fucked up is because biden rescinded/reversed all Trumps policies and executive orders on the economy (and other things such as energy and immigration to name a ffew) which were working.
biden did this out of spite no other reason but spite
biden did not do it because it was good for the economy, because it was not
biden did not do it because it was good for the country because it was not  
biden did it because he hates America and he is for sale.

 
Now in this election year biden is desperately trying to make things seem better so he can pretend to be the hero and get re-elected.  
If by some tragic course of events he gets re-elected he will revert to fucking things up again.

 
So you see saying  the economy is roaring is a huge exaggeration but I know, as a weak minded individual you are trained and programed to believe what your masters tell you to believe.

 

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