GDP growth slowed to a 1.6% rate in first quarter, well below expectations

[dabbmw2002]

The last two quarters were 3.3% and 4.9% and you cultist are complaining about 1.6% for a single quarter?

Your master never came close to 4.9% and he hit 3.3% just once during what you idiots called "the greatest economy ever."

Freaking LMFAO at you morons...SMH

Why do you think there is such a disconnect between the GDP growth numbers and Biden's polling on the economy?

[SillieBazzillie]

Why do you think there is such a disconnect between the GDP growth numbers and Biden's polling on the economy?

It's a great question. I'll bucket it into a couple of reasons. 1. The dems suck at messaging. 2. Inflation is scary and even though it's been largely tamed and was mostly influenced by actions before Biden took office it still happened under him. 3. Biden doesn't look capable of handling anything.

[SillieBazzillie]

Inflation up, gdp down, full time jobs for americans switching to part time jobs for immigrants and when the public looks to the white house for a fix they see dems saying the economy has never been better

Weird, GDP was up bigly and inflation was down bigly the last half of 2023 and you people still cried.

The news mattes not, you'll just cry no matter what.

[nutsy54]

The last two quarters were 3.3% and 4.9% and you cultist are complaining about 1.6% for a single quarter?

We're looking at three quarters of declining GDP growth. If you remove what's now seen as an aberration of the previous two quarters, GDP growth has been steadily declining for two years.

Your master never came close to 4.9% and he hit 3.3% just once during what you idiots called "the greatest economy ever."

And still the lies. Deflect to Trump when you can't defend Biden

"Never came close to 4.9%"... except 34.8% in 3Q 2021. You love to fixate on one quarter of Covid impact as if that's the totality of the Trump administration (and as your only basis of "comparison" to make Biden look good). 4.6% Q3 2019. 4.6% 2017.

Anything to deflect from overall declining GDP performance for the past two years under Biden
https://tradingeconomics.com/united-states/gdp-growth

[nutsy54]

Weird, GDP was up bigly and inflation was down bigly the last half of 2023 and you people still cried.

The news mattes not, you'll just cry no matter what.

If Biden is doing such a great job... why are things getting worse and worse today?

[6gorillion]

It's a great question. I'll bucket it into a couple of reasons. 1. The dems suck at messaging. 2. Inflation is scary and even though it's been largely tamed and was mostly influenced by actions before Biden took office it still happened under him. 3. Biden doesn't look capable of handling anything.

"messaging"

....hey you're too dumb to realize that the economy is booming! ignore all the mass layoffs youre seeing around you, interest rates making you unable to buy a home and credit card delinquencies, foreclosures and homelessness reaching new highs! BIDEN IS DOING GREAT.

If it was as great as you try to pretend it is. Biden would have a blow out victory against "the worst president ever"

[SillieBazzillie]

We're looking at three quarters of declining GDP growth. If you remove what's now seen as an aberration of the previous two quarters, GDP growth has been steadily declining for two years.


And still the lies. Deflect to Trump when you can't defend Biden

"Never came close to 4.9%"... except 34.8% in 3Q 2021. You love to fixate on one quarter of Covid impact as if that's the totality of the Trump administration (and as your only basis of "comparison" to make Biden look good). 4.6% Q3 2019. 4.6% 2017.

Anything to deflect from overall declining GDP performance for the past two years under Biden
https://tradingeconomics.com/united-states/gdp-growth

Did you really just quote 34.8% GDP growth as a positive? You are truly a moron.

And why would you lie about Trump hitting 4.6% 2x when it's simple to google and see you're lying and using nominal GDP instead of the correct measure real GDP.

You are a liar.

And of course you'll have GDP declines after massive GDP of 4.9%.

Trump never achieved 4% for a single quarter or 3% for a single year. Just an absolute failure as a president and correctly recognized as the worst president of all time.

[SillieBazzillie]

"messaging"

....hey you're too dumb to realize that the economy is booming! ignore all the mass layoffs youre seeing around you, interest rates making you unable to buy a home and credit card delinquencies, foreclosures and homelessness reaching new highs! BIDEN IS DOING GREAT.

If it was as great as you try to pretend it is. Biden would have a blow out victory against "the worst president ever"

Do you think interest rates near 0 are the sign of a good economy?

And LMFAO at crying about credit cards and homeless, chit that's been an issue forever.

And yes messaging. He should have come out of the gate blaming Trump for inflation because it's largely due to Trump. And messaging because he's a demented old man who looks like he shouldn't be running a hot dog cart.

[6gorillion]

Do you think interest rates near 0 are the sign of a good economy?

And LMFAO at crying about credit cards and homeless, chit that's been an issue forever.

And yes messaging. He should have come out of the gate blaming Trump for inflation because it's largely due to Trump. And messaging because he's a demented old man who looks like he shouldn't be running a hot dog cart.

Credit card delinquencies are at the highest levels since the great recession, another deflection by you.

Homelessness hit a RECORD high.

"Homelessness in America spiked last year, reaching a record high, according to an annual count that provides a snapshot of one night in January. The report, released today by the department of Housing and Urban development, found more than 650,000 people were living in shelters or outside in tents or cars. That's up a whopping 12% from the year before."

You don't need "messaging" in a record breaking "good economy" you fkn retard. The incumbents blow out their opponents, especially "the worst president ever".

Layoffs hit their highest rate since 2009: https://www.cnbc.com/2024/03/07/layo...nger-says.html

Do you have highest levels of layoffs since the Great Recession in a "Great economy"?

[nutsy54]

Did you really just quote 34.8% GDP growth as a positive? You are truly a moron.

I literally said it's in response to YOUR endless attempts to frame the entire Trump administration based on stats from a few months during Covid.

And why would you lie about Trump hitting 4.6% 2x when it's simple to google and see you're lying and using nominal GDP instead of the correct measure real GDP.

I cited the source for my statements. As usual, you can't prove anything you say. Here's another source for REAL GDP growth, with the same numbers:
https://fred.stlouisfed.org/series/A191RL1Q225SBEA

But just keep deflecting from Biden's actual performance, here and now. Why can't Biden stand for his own results, now into the fourth year of this administration?

[SillieBazzillie]

I literally said it's in response to YOUR endless attempts to frame the entire Trump administration based on stats from a few months during Covid.


I cited the source for my statements. As usual, you can't prove anything you say. Here's another source for REAL GDP growth, with the same numbers:
https://fred.stlouisfed.org/series/A191RL1Q225SBEA

But just keep deflecting from Biden's actual performance, here and now. Why can't Biden stand for his own results, now into the fourth year of this administration?

You are correct about the GDP. Trump is the only president to never hit 5% GDP for a quarter or 3% for a year.

You lie or try to deceive about everything else.

Biden's economy has much better GDP and unemployment than anything the orange turd produced.

[fitnessislife]

Old man Sillie is like the dopes who continue to insist that the world is flat despite being shown irrefutable proof to the contrary. Goodness, most people concede and stop embarrassing themselves at some point - but just like EctoCuck and his constantly disproven charts, he keeps coming back for more humiliation.

[6gorillion]

Old man Sillie is like the dopes who continue to insist that the world is flat despite being shown irrefutable proof to the contrary. Goodness, most people concede and stop embarrassing themselves at some point - but just like EctoCuck and his constantly disproven charts, he keeps coming back for more humiliation.

I'm really hoping he's a troll or just has immense TDS at this point.

If he actually thinks this is a better economy than the Trump years (pre covid bs), then he is just beyond delusional.

[nutsy54]

You are correct about the GDP. Trump is the only president to never hit 5% GDP for a quarter or 3% for a year.

You lie or try to deceive about everything else.

Biden's economy has much better GDP and unemployment than anything the orange turd produced.

I've cited sources for all my statements, something you've consistently failed to do. But I'm the liar?

Meanwhile, when asked what should be a very simple question: Why can't Biden stand for his own results, now into the fourth year of this administration?
Your predictable response was to rant and cry about Trump

[SillieBazzillie]

I'm really hoping he's a troll or just has immense TDS at this point.

If he actually thinks this is a better economy than the Trump years (pre covid bs), then he is just beyond delusional.

Facts not feelz.

By what metric is this economy worse?

[nutsy54]

By what metric is this economy worse?

Holy crap, we could start with Post #1 of this thread. You know, everything you've completely ignored or tried to make excuses and blame for: GDP slowing down, inflation rising, unemployment rising.

[fitnessislife]

Holy crap, we could start with Post #1 of this thread. You know, everything you've completely ignored or tried to make excuses and blame for: GDP slowing down, inflation rising, unemployment rising.

Gas prices going back up as well, all under the same candidate who said he wanted to end fossil fuels.

[SillieBazzillie]

Holy crap, we could start with Post #1 of this thread. You know, everything you've completely ignored or tried to make excuses and blame for: GDP slowing down, inflation rising, unemployment rising.

GDP one bad quarter. Inflation far lower than where Trump left it. Unemployment .4% from all time lows.

I guess you were saying the economy was booming the last half of 23 when all those factors were great right?

Oh that’s right you said the economy sucked then too.

Stop being a hypocrite boyo.

First 3 years FAR exceeded what the orange turd produced.

[6gorillion]

Facts not feelz.

By what metric is this economy worse?

The ones I responded to you in the post that you just conveniently ignored.

LMAO.

[SillieBazzillie]

Credit card delinquencies are at the highest levels since the great recession, another deflection by you.

Homelessness hit a RECORD high.

"Homelessness in America spiked last year, reaching a record high, according to an annual count that provides a snapshot of one night in January. The report, released today by the department of Housing and Urban development, found more than 650,000 people were living in shelters or outside in tents or cars. That's up a whopping 12% from the year before."

You don't need "messaging" in a record breaking "good economy" you fkn retard. The incumbents blow out their opponents, especially "the worst president ever".

Layoffs hit their highest rate since 2009: https://www.cnbc.com/2024/03/07/layo...nger-says.html

Do you have highest levels of layoffs since the Great Recession in a "Great economy"?

Boyo. The highest FEBRUARY since 2009. So irrelevant.

Homelessness is nothing new..

How are credit card delinquencies a sign of a bad economy? People overspend. Same as always.

How about wage growth? GDP? Unemployment? The markets. Domestic energy production.

Help me out here boyo.

[SaviorSelfJT]

Inflation trending back up

And the job metrics are showing that higher paying jobs are being loss while lower paying ones are being created, keeping the unemployment rate low

Wonder when those azzholes at NPR will stop telling us its a "vibecession" and we're just making up bad feelings

[SaviorSelfJT]

Boyo. The highest FEBRUARY since 2009. So irrelevant.

There were a lot of layoffs at the start of covid, its not a good sign if its exceeded that

[6gorillion]

Boyo. The highest FEBRUARY since 2009. So irrelevant.

Homelessness is nothing new..

How are credit card delinquencies a sign of a bad economy? People overspend. Same as always.

How about wage growth? GDP? Unemployment? The markets. Domestic energy production.

Help me out here boyo.

You're so beyond delusional or just straight up brain dead it's crazy, but here let me break it down even further for you, cultist.

YES THAT IS A BIG DEAL, so for the past 15 years. THIS YEAR's February has had layoffs explode to such a level that it's matching the great recession's. You're trying to spin that as a positive?!?

Homeless hit record highs in 2023. So yes we know homelessness wasn't invented just recently, dumbass. No one is arguing that, so another straw man.

Credit card delinquencies at record highs means people literally don't have the CASH to pay for their everyday expenses due to out of control inflation.

GDP? Flawed stat, just because things COST more doesn't mean we are actually producing more GROSS domestic product. Out of control government spending is also propping up that bs government stat.

Unemployment? Good paying, full time jobs, with benefits are being axxed and replaced with door dash, fast-food, and other low wage jobs.

Markets? The stock market is NOT the economy. The last recession we had, we also had a "booming" stock market. The stock market is not the economy.

[gachase21]

Sillie was asking how we are doing, so I thought I would help

In terms of personal income stuff - here is some information on personal consumption expenditures in the ratio to disposable income- along with some stress impact it's having...




Delinquencies?




Markets? The Nasdaq closed today (good day) is still slightly bellow it's 2021 height - this one isn't even adjusted for inflation...



More of a broad market look with an apples to apples, buying power comparison-
S&P 500 adjusted for inflation







GDP? Just a little below the pre-pandemic trend - even after pumping in trillions

[gachase21]

Employment?

That's a mixed story....

The broad way to look at it is employment population ratio- before and after







We are significantly bellow pre-pandemic - Sillie has pointed out retiring boomers before- which is a valid point - so they way to narrow down the reality is looking at current prime age employment population ratios - this will exclude college kids - and anyone over 55 who might have retired early from skewing the numbers







We are basicly back to about even with pre-pandemic now



So who's getting these Jobs?

Things are going pretty well for foreign born workers...





Native born workers are currently bellow pre-pandemic

[gachase21]

Now sillie has made a pretty good point about Biden failing on his promise regarding fossil fuels

NEW CASTLE, N.H. (AP) — Joe Biden is looking voters in the eye and promising to “end fossil fuel.”

The former vice president and Democratic presidential candidate made the comment Friday after a New Hampshire environmental activist challenged him for accepting donations from the co-founder of liquified natural gas firm.

Biden denied the donor’s association to the fossil fuel industry before calling the young woman “kiddo” and taking her hand. He said, “I want you to look at my eyes. I guarantee you. I guarantee you. We’re going to end fossil fuel.”

The activist, 24-year-old Rebecca Beaulieu, later said she appreciated that Biden took her question seriously, but that he was not satisfied with Biden’s plan to eliminate net carbon emissions by 2050.

She also said she found Biden’s use of “kiddo” patronizing.

https://apnews.com/united-states-pre...fd0fa6dece3974




It is actually refreshing to see sillie criticized Biden on that- not be so partisan

[gachase21]

Some people were asking about full time and part time current trend

[SillieBazzillie]

I see all those terribly scaled graphs that chase loves to show, ones that make tiny changes seem immense and I see one commonality among them.

The year 2020 was a historic contraction in every respect for our economy. The year was completely bungled and mismanaged by Trump that Biden took office near the bottom of this historic contraction. 2021 Biden still had to deal with all of Trump's failing with covid and the country and begin to crawl out of the massive hole Trump left us in.

Now three years later in most cases we have crawled out of the hole and began to grow again pre-Trump 2020 disaster.

Anyone who think doesn't think recovering from Trump's pathetic record in 2020 in just 3 short years to put us back on the strong growth path is insane.

And yes, I know that ya'll hold Trump completely blameless for 2020 and blame Biden for everything negative that's happened during his term while ignoring the fact that Trump left a steaming pile of chit that needed to fixed first before we could grow again.

When you jump into a hole, you have to climb out of that hole before you can start moving forward again. Trump left the country in a massive hole. Biden climbed us out and we're marching again.

Sillie FTW as usual.

[Polaris]

I see all those terribly scaled graphs that chase loves to show, ones that make tiny changes seem immense and I see one commonality among them.

The year 2020 was a historic contraction in every respect for our economy. The year was completely bungled and mismanaged by Trump that Biden took office near the bottom of this historic contraction. 2021 Biden still had to deal with all of Trump's failing with covid and the country and begin to crawl out of the massive hole Trump left us in.

Now three years later in most cases we have crawled out of the hole and began to grow again pre-Trump 2020 disaster.

Anyone who think doesn't think recovering from Trump's pathetic record in 2020 in just 3 short years to put us back on the strong growth path is insane.

And yes, I know that ya'll hold Trump completely blameless for 2020 and blame Biden for everything negative that's happened during his term while ignoring the fact that Trump left a steaming pile of chit that needed to fixed first before we could grow again.

When you jump into a hole, you have to climb out of that hole before you can start moving forward again. Trump left the country in a massive hole. Biden climbed us out and we're marching again.

Sillie FTW as usual.

Biden bigly booming the economy, and fixing fat Cheetoh's mess (sad!).

Thanks Joe!

[gachase21]

Facts not feelz.

By what metric is this economy worse?

I agree with bolded

Boyo. The highest FEBRUARY since 2009. So irrelevant.

Homelessness is nothing new..

How are credit card delinquencies a sign of a bad economy? People overspend. Same as always.

How about wage growth? GDP? Unemployment? The markets. Domestic energy production.

Help me out here boyo.

See above

I see all those terribly scaled graphs that chase loves to show, ones that make tiny changes seem immense and I see one commonality among them.

The year 2020 was a historic contraction in every respect for our economy. The year was completely bungled and mismanaged by Trump that Biden took office near the bottom of this historic contraction. 2021 Biden still had to deal with all of Trump's failing with covid and the country and begin to crawl out of the massive hole Trump left us in.

Now three years later in most cases we have crawled out of the hole and began to grow again pre-Trump 2020 disaster.

Anyone who think doesn't think recovering from Trump's pathetic record in 2020 in just 3 short years to put us back on the strong growth path is insane.

And yes, I know that ya'll hold Trump completely blameless for 2020 and blame Biden for everything negative that's happened during his term while ignoring the fact that Trump left a steaming pile of chit that needed to fixed first before we could grow again.

When you jump into a hole, you have to climb out of that hole before you can start moving forward again. Trump left the country in a massive hole. Biden climbed us out and we're marching again.

Sillie FTW as usual.

I also agree with bolded