President Biden

[Next Day Err]

Growth is stronger than "many" European countries?
Inflation lower than many "advanced" economies?
Employment levels rebounding?
So if we compare where Biden took us after we had it shoved up our ass by him, things are looking pretty good compared to other countries?
Compare Biden's actual numbers to Trump's actual numbers.
You telling me how great things are does not put numbers in my wallet or in the bank at the end of the month.

The U.S. is doing better than Europe is. Sorry.

 

[BrownFlush]

The U.S. is doing better than Europe is. Sorry.

You miss the point.
I don't care how we compare to Europe.

 

[Next Day Err]

You miss the point.
I don't care how we compare to Europe.

Things here in the U.S. are pretty good. Inflation is coming down, wages are strong, unemployment is 4.1%… ?? What’s the problem?

 

[Thebrownblob]

Things here in the U.S. are pretty good. Inflation is coming down, wages are strong, unemployment is 4.1%… ?? What’s the problem?

I don’t know, but I’m sure once again you’re here to tell everyone how wrong they are about how they feel and what’s going on in their household. You got your facts!!

1. Views of the nation’s economy

Fewer than a quarter of Americans (23%) currently rate the country’s economic conditions as excellent or good, while 36% say they are poor.

www.pewresearch.org

Americans fear the end: Economic collapse looms largest on the nation’s mind, potentially costing Biden the presidency

President Biden's tenure might hinge on assuaging Americans' financial fears.

fortune.com

https://www.cnn.com/2024/05/21/economy/economic-wellbeing-2023-inflation/index.html

 

[BrownFlush]

What’s the problem?

People like you have bought the lie.
Sheep led to the slaughter.

 

[Thebrownblob]

Facts are HILARIOUS.

 

[Next Day Err]

People like you have bought the lie.
Sheep led to the slaughter.

Statistics are tricky things.

 

[BadIdeaGuy]

Statistics are tricky things.

Another rare point of common ground.

There are lies, damn lies, and statistics. -Mark Twain

 

[vantexan]

Things here in the U.S. are pretty good. Inflation is coming down, wages are strong, unemployment is 4.1%… ?? What’s the problem?

Prices are still way up over what they were three years ago. Wages haven't kept up. New jobs are mostly part-time. Statistics are tricky things.

 

[Next Day Err]

Prices are still way up over what they were three years ago. Wages haven't kept up. New jobs are mostly part-time. Statistics are tricky things.

Wrong. Just flat wrong. Wages HAVE kept up.

 

[Next Day Err]

Another rare point of common ground.

There are lies, damn lies, and statistics. -Mark Twain

Sure can be.

 

[newfie]

1. GDP Growth: The U.S. economy is now over 5% above its 2019 level, indicating robust recovery from the COVID-19 pandemic. This growth is stronger than in many European countries, which have faced additional economic challenges, such as the impact of the war in Ukraine .

if you say so

2. Inflation: Core inflation in the U.S. is currently lower than in many other advanced economies, which helps stabilize purchasing power and economic planning .

you sure?

3. Labor Market: The U.S. labor market recovery has been exceptionally strong, with employment levels rebounding faster than in previous recessions and outpacing many peer economies .

you're comparing an economic shutdown to recessions? clearly once the economy reopens you would have an instant rebound.

 

[newfie]

Wrong. Just flat wrong. Wages HAVE kept up.

there is absolutely no way you can say that

 

[UnionStrong]

Wrong. Just flat wrong. Wages HAVE kept up.

OMG, please I can’t breef! How can a supposed sentient being even make that claim? Oh wait, it’s a democrat. Nuff said.

 

[Next Day Err]

OMG, please I can’t breef! How can a supposed sentient being even make that claim? Oh wait, it’s a democrat. Nuff said.

As of mid-2024, wage growth in the United States has generally caught up with and, in some periods, surpassed the inflation rate. Specifically, for the past 15 months, wages have grown faster than prices. From April 2023 to April 2024, wages rose by 3.9%, while inflation increased by 3.4%. Looking at a longer period, from April 2022 to April 2024, wages grew by 8.8% compared to an 8.5% rise in inflation.

However, over the entire period of President Biden’s tenure since January 2021, inflation has slightly outpaced wage growth. Inflation increased by 19.3% during this time, while wages rose by 16.1%.

In contrast, during the earlier phase of Biden’s presidency, inflation outpaced wages. This trend reversed from mid-2023 as inflation eased and the job market improved, allowing wages to grow faster than inflation for over a year.

Overall, while wage growth has fluctuated relative to inflation, recent trends show that wages are now growing faster than prices, helping improve the purchasing power of American workers.

But please, believe what you want to believe.

 

[Lineandinitial]

As of mid-2024, wage growth in the United States has generally caught up with and, in some periods, surpassed the inflation rate. Specifically, for the past 15 months, wages have grown faster than prices. From April 2023 to April 2024, wages rose by 3.9%, while inflation increased by 3.4%. Looking at a longer period, from April 2022 to April 2024, wages grew by 8.8% compared to an 8.5% rise in inflation.

However, over the entire period of President Biden’s tenure since January 2021, inflation has slightly outpaced wage growth. Inflation increased by 19.3% during this time, while wages rose by 16.1%.

In contrast, during the earlier phase of Biden’s presidency, inflation outpaced wages. This trend reversed from mid-2023 as inflation eased and the job market improved, allowing wages to grow faster than inflation for over a year.

Overall, while wage growth has fluctuated relative to inflation, recent trends show that wages are now growing faster than prices, helping improve the purchasing power of American workers.

But please, believe what you want to believe.

 

[BrownFlush]

believe what you want to believe.

I believe hands on results of myself and my neighbors.
"There's another old saying, Senator. Don't piss down my back and tell me it's raining."- Fletcher, Outlaw Josey Wales

 

[tourists24]

Statistics are tricky things.

Fortunately living life isn’t tricky to look at. Easy to see how much more expensive everything is. How much more unstable life is. It’s an easy comparison for each family to compare how things were the 4 years when Trump was president and how the next 4 years is like with Biden. Whichever you feel like was better should make it easier to decide

 

[BrownFlush]

 

[BrownFlush]