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

[SillieBazzillie]

I agree with bolded



See above




I also agree with bolded

Glad you agree that Trump missmanged 2020 so thoroughly that Biden getting us out of the hole and back on track is an amazing accomplishment.

[nutsy54]

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.

Just keep on lying... keep proving Biden can't stand on his own "results", he always has to live in Trump's shadow

GDP performance has been overall declining for two years,so you just ignore that fact.

Inflation "when Trump left it" was 1.4% in 2021. Today it's 3.5%. But you lie and claim it was worse with Trump
https://tradingeconomics.com/united-.../inflation-cpi

Unemployment at 3.8%... equal to or higher than 17 months of the Trump administration that you endlessly deflect to. Unemployment that's been overall increasing for the past 14 months. Oh, and 3.4% unemployment is NOTan "all time low". That number would actually be 2.5%
https://data.bls.gov/timeseries/LNS14000000

Which again begs the question: Why does it take so many lies and deflections to defend Biden's results?

Inflation increasing: Best economy ever!
Unemployment increasing: Best economy ever!
GDP slowing: Best economy ever!
I'd say you can't make this up... but you do with every post

[SillieBazzillie]

Just keep on lying... keep proving Biden can't stand on his own "results", he always has to live in Trump's shadow

GDP performance has been overall declining for two years,so you just ignore that fact.

Inflation "when Trump left it" was 1.4% in 2021. Today it's 3.5%. But you lie and claim it was worse with Trump
https://tradingeconomics.com/united-.../inflation-cpi

Unemployment at 3.8%... equal to or higher than 17 months of the Trump administration that you endlessly deflect to. Unemployment that's been overall increasing for the past 14 months. Oh, and 3.4% unemployment is NOTan "all time low". That number would actually be 2.5%
https://data.bls.gov/timeseries/LNS14000000

Which again begs the question: Why does it take so many lies and deflections to defend Biden's results?

Inflation increasing: Best economy ever!
Unemployment increasing: Best economy ever!
GDP slowing: Best economy ever!
I'd say you can't make this up... but you do with every post

Let me ask you a question and see if you'll answer honestly. First, do you agree that inflation is caused by too many dollars chasing too few goods? If so, do you agree that in 2020 the massive spending by the government flooded the country with dollars while the supply of goods was severely limited due to massive supply chain disruptions?

If you do agree to this, then please tell me how long you think it takes government spending and supply chain disruptions to work their way through the economy and impact CPI? Do you think this happens immediately, like after a month or two?

[nutsy54]

How about wage growth?

It's been flat & declining. Holy crap, you continue to lie with no idea what your'e talking about.


https://fred.stlouisfed.org/series/LES1252881600Q

GDP?

Dealing GDP performance is literally the topic of this thread

Unemployment?

Getting WORSE for over a year. Damn, how many times will you ignore the same data?

The markets.

The S&P 500 was up 38% in Biden's first three years. Rather bland, considering the Trump you love to compare Biden to saw a 45% increase during his first three years...

Why does it take so many lies and deflections to defend Biden's results?

[SillieBazzillie]

It's been flat & declining. Holy crap, you continue to lie with no idea what your'e talking about.


https://fred.stlouisfed.org/series/LES1252881600Q


Dealing GDP performance is literally the topic of this thread


Getting WORSE for over a year. Damn, how many times will you ignore the same data?




The S&P 500 was up 38% in Biden's first three years. Rather bland, considering the Trump you love to compare Biden to saw a 45% increase during his first three years...

Why does it take so many lies and deflections to defend Biden's results?

Nutso, I asked you some very specific questions. Will you be brave enough to answer?

[nutsy54]

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.

Why do you insist on flat-out LYING about the state of the economy when Biden took office? The economy was roaring back long before Biden took office.

You haven't' shown a single metric that proves your laughable claim.

[SillieBazzillie]

Why do you insist on flat-out LYING about the state of the economy when Biden took office? The economy was roaring back long before Biden took office.

You haven't' shown a single metric that proves your laughable claim.

Roaring back? Hundreds of thousands were dying of covid, half the country was locked down, and there was no vaccine rollout plan?

Roaring back...LMAO

Look at chase's chart and tell me how much the economy had recovered going into '21.

[SillieBazzillie]

Let me ask you a question and see if you'll answer honestly. First, do you agree that inflation is caused by too many dollars chasing too few goods? If so, do you agree that in 2020 the massive spending by the government flooded the country with dollars while the supply of goods was severely limited due to massive supply chain disruptions?

If you do agree to this, then please tell me how long you think it takes government spending and supply chain disruptions to work their way through the economy and impact CPI? Do you think this happens immediately, like after a month or two?

Nutso please respond.

[nutsy54]

Let me ask you a question and see if you'll answer honestly. First, do you agree that inflation is caused by too many dollars chasing too few goods? If so, do you agree that in 2020 the massive spending by the government flooded the country with dollars while the supply of goods was severely limited due to massive supply chain disruptions?

And just keep deflecting. What the hell does rising inflation TODAY have to do with 2020? Oh, and I notice you completely ignore the continued endless, reckless, massive federal spending, deficits, and debt incurred under BIDEN.

If Biden is doing so great, why do you keep blaming Trump for Biden's results?

2023 Federal deficit: $1.7 TRILLION
https://www.cbo.gov/publication/59727

FY23 federal debt increase: $2.04 TRILLION
https://fiscaldata.treasury.gov/data...t-to-the-penny

Nutso please respond.

Holy hell, you don't get an answer within 13 minutes, so you repeat the post?

[nutsy54]

Nutso, I asked you some very specific questions. Will you be brave enough to answer?

You're just a partisan hack and troll at this point. I directly answered your "questions" with cited facts. Go away.

[SillieBazzillie]

And just keep deflecting. What the hell does rising inflation TODAY have to do with 2020? Oh, and I notice you completely ignore the continued endless, reckless, massive federal spending, deficits, and debt incurred under BIDEN.

If Biden is doing so great, why do you keep blaming Trump for Biden's results?

2023 Federal deficit: $1.7 TRILLION
https://www.cbo.gov/publication/59727

FY23 federal debt increase: $2.04 TRILLION
https://fiscaldata.treasury.gov/data...t-to-the-penny

Nutso you didn't answer a single question that I asked.

Since you mentioned now, you're old like me, do you think 3.5% inflation is high from a historical perspective?

Please respond.

[gachase21]

Sillie - Life advice - at some point, just cut your loss and move on.

[SillieBazzillie]

Sillie - Life advice - at some point, just cut your loss and move on.

I've proven you wrong at every turn boyo. Note how neither you nor Nutso will answer the few simple questions I asked about inflation.

Trump left us in a hole. Biden got us out.

Facts not feelz boyo.

[NYPat]

You're just a partisan hack and troll at this point. I directly answered your "questions" with cited facts. Go away.

Lololol

Sillie - Life advice - at some point, just cut your loss and move on.

Lololol

[wickedman]

You can't propagandize people into believing they have more buying power or a better quality of life - bye bye dementia Joe.

[harrykur]

don't know who to believe

[Dan_S]

Phones been quiet lately. Usually a ton of cold calls to start the construction season by now...just all govt projects going

Government spending is one of the components of GDP.

Consumption (household spending) + Investments (business spending) + Net Exports (exports - imports) + Government Spending

The fact that GDP is so abysmal right now when the government is spending trillions every year should tell you that the rest of the economy is in a death spiral. In economic theory, government spending can be used to temporarily boost GDP when the economy is in a downturn. It's not supposed to float the entire economy (and still be failing there).

[Jasonw1178]

Just imagine if all of the printed money that wasn't being constantly pumped into the market wasn't there. We are in recession. Have been in for a while. Some sectors are doing better, but overall we are in decline.

[Stizzel]

Let me ask you a question and see if you'll answer honestly. First, do you agree that inflation is caused by too many dollars chasing too few goods? If so, do you agree that in 2020 the massive spending by the government flooded the country with dollars while the supply of goods was severely limited due to massive supply chain disruptions?

If you do agree to this, then please tell me how long you think it takes government spending and supply chain disruptions to work their way through the economy and impact CPI? Do you think this happens immediately, like after a month or two?

Trump mishandled covid for sure. His pre covid economy was amazing.

Commie libtard governors mishandled their state economies even worse

Biden is just mishandling everything without a pandemic. He seems to think trumps covid response was so good that it should be expanded

Really irrational to be blaming trump for all of this in 2024. Especially while claiming the economy is performing well right now