The Bidenomics Thread : Please Post Your Examples

[BeachGuy23 642]

Just now, TBayXXXVII said:

The kid table is that way ----->

Go sit down and let the adults talk.  We can't talk down to a 3rd grade level anymore, so we can't make you understand.

I asked you a very specific question.  Biden's bill was passed mid-March.  Inflation was 2.6% in March, 4.2% in April, and 5.0% in May.

Please explain to me how signing a bill caused inflation to increase 63% from March to April and 20% from April to May.

I'm all ears.

[RLLD 4,207]

7 minutes ago, BeachGuy23 said:

The group that benefiting most directly from a wage perspective during Biden's term is the lower class.  Now the rich are gaining the most wealth but that's what happens when the stock market goes up significantly. 

I think bringing wages up for the lowest paid of our society is a good thing.

You do not seem to understand inflation well.  But you raise an important point that I think most people gloss over.

The wealthy are absolutely benefitting from these higher rates, no question. If in a given scenario you are unsure of motivations or who might be involved, just take a look at who won..... it can be rather helpful in sorting things out.

Isn't it striking that Biden would have added on all that money into the economy when people were raising the alarm about inflation? And then for him to actively deny it, and for his experts to also actively deny what was plainly evident....for months.

Who benefitted from that? Not the lower class, not the middle class....but the upper class.  This seems to be incongruent with his stated positions.

Now I presume you and I can agree that inflation is disproportionately harmful to those in the lower economic strata, and that it tends to benefit those in the upper.  Since YOU and I know this, should we not presume that Biden knew it? That his economic experts knew it?  Or are we to assume they just missed it?

[BeachGuy23 642]

Just now, RLLD said:

You do not seem to understand inflation well.  But you raise an important point that I think most people gloss over.

The wealthy are absolutely benefitting from these higher rates, no question. If in a given scenario you are unsure of motivations or who might be involved, just take a look at who won..... it can be rather helpful in sorting things out.

Isn't it striking that Biden would have added on all that money into the economy when people were raising the alarm about inflation? And then for him to actively deny it, and for his experts to also actively deny what was plainly evident....for months.

Who benefitted from that? Not the lower class, not the middle class....but the upper class.  This seems to be incongruent with his stated positions.

Now I presume you and I can agree that inflation is disproportionately harmful to those in the lower economic strata, and that it tends to benefit those in the upper.  Since YOU and I know this, should we not presume that Biden knew it? That his economic experts knew it?  Or are we to assume they just missed it?

Inflation does hurt the lower class disproportionately but their wages have grown the most as well.  And you talk of the money that Biden added to the economy.  He added a fraction of what Trump added while Trump destroyed supply chains.  This combination is deadly and resulted in the inflation that Biden overcame.  If Biden had never signed his Covid bill we'd have still seen very close to the same inflation.  Perhaps 2% less, but we'd certainly have suffered all the same thanks to the disaster left by Trump. 

[thegeneral 3,147]

17 minutes ago, BeachGuy23 said:

The group that benefiting most directly from a wage perspective during Biden's term is the lower class.  Now the rich are gaining the most wealth but that's what happens when the stock market goes up significantly. 

I think bringing wages up for the lowest paid of our society is a good thing.

Good point.

[thegeneral 3,147]

22 minutes ago, TBayXXXVII said:

One of the best ways was for the Democrats in the House to not make a $1.9T Covid recovery bill include only $500B to go for Covid relief and $1.4T to cover liberal ventures such as gender studies in college, green energy research, and climate change research.  Let's be honest shall we?  The reason that Covid relief bill was written that high is because the Democrats wanted inflation to go up in case Trump won the election to help their case in 2024.  If Biden had won (which he did), they'd just blame Trump's economy for the inflation (which they did).

The Dems wanted inflation to go up on purpose is a new angle I had not heard. 

[League Champion 1,909]

15 minutes ago, BeachGuy23 said:

Ok, then help me understand how US inflation was 6% in July resulted from a bill passed in mid-March.   Do you understand how inflation is caused?

This should be interesting. 

Except our credit rating went down because we're sending BILLIONS to the Nazi in Ukraine. Our Dollar is dog crap. 

Keep believing what you're told, like a good little BOYO.

[BeachGuy23 642]

1 minute ago, League Champion said:

Except our credit rating went down because we're sending BILLIONS to the Nazi in Ukraine. Our Dollar is dog crap. 

Keep believing what you're told, like a good little BOYO.

Nazis in Ukraine?  The dollar is dog crap?  Friend, the dollar is incredibly strong against other currencies.  This actually impedes trade.  The down grade means literally nothing in real life.  It's simply symbolic about how large our debt is getting thanks to the last two presidents and how our congress is always monkeying with the debt ceiling.

Serious question, where are your go-to news sources?  They give you a lot of terrible information. 

[RLLD 4,207]

6 minutes ago, BeachGuy23 said:

Inflation does hurt the lower class disproportionately but their wages have grown the most as well.  And you talk of the money that Biden added to the economy.  He added a fraction of what Trump added while Trump destroyed supply chains.  This combination is deadly and resulted in the inflation that Biden overcame.  If Biden had never signed his Covid bill we'd have still seen very close to the same inflation.  Perhaps 2% less, but we'd certainly have suffered all the same thanks to the disaster left by Trump. 

Agree on inflation and wages, though wages have lagged behind inflation.   The Trump infusions did not result in inflation, that arose later after the markets started reacting to the policy changes Biden implemented.  When he implemented those changes there was a immediate reaction raising a concern that inflation would result, and naturally it did.  This was not exactly something that could not be predicted. 

Had Biden done nothing at all, it could have all been avoided.  It was a mistake, but that is forgivable.....that really does not bother me.  What bothers me is when it was evident that his mistakes were causing a problem, he did nothing to change course or try to mute it....instead he lied about it.   

And it was the lying that lets us know HE KNEW it was his fault.  His immediate move is to blame Trump, for anything, which is fine its pretty normal for any President to sorta blame the last guy.    He didn't do that though....did he???    He lied.....he said it wasnt happening...that means he either truly didnt understand economics at all....or he knew and wanted to hide it

[League Champion 1,909]

4 minutes ago, BeachGuy23 said:

Serious question, where are your go-to news sources?  They give you a lot of terrible information. 

I have eyeballs BOYO. I don't rely on Liberal news sources to tell me what they want me to know. Look around Son. The housing market is ass, rent costs are ass, interest rates are ass and single mothers can't afford groceries. 

OPEN YOUR EYES BOYO, YOU DUMB F. 

[BeachGuy23 642]

1 minute ago, RLLD said:

Agree on inflation and wages, though wages have lagged behind inflation.   The Trump infusions did not result in inflation, that arose later after the markets started reacting to the policy changes Biden implemented.  When he implemented those changes there was a immediate reaction raising a concern that inflation would result, and naturally it did.  This was not exactly something that could not be predicted. 

Had Biden done nothing at all, it could have all been avoided.  It was a mistake, but that is forgivable.....that really does not bother me.  What bothers me is when it was evident that his mistakes were causing a problem, he did nothing to change course or try to mute it....instead he lied about it.   

And it was the lying that lets us know HE KNEW it was his fault.  His immediate move is to blame Trump, for anything, which is fine its pretty normal for any President to sorta blame the last guy.    He didn't do that though....did he???    He lied.....he said it wasnt happening...that means he either truly didnt understand economics at all....or he knew and wanted to hide it

Ok, I respect your opinion.  But just so we're on the same page, you believe that inflation in the US can be impacted within a month or two by simply signing a document?  That Trump's spending and destruction of supply chains had zero impact on the inflation that started less than 3 months after he left office?  He signed an $800B covid bill in December 2020.  That had no impact on inflation?

[BeachGuy23 642]

1 minute ago, League Champion said:

I have eyeballs BOYO. I don't rely on Liberal news sources to tell me what they want me to know. Look around Son. The housing market is ass, rent costs are ass, interest rates are ass and single mothers can't afford groceries. 

OPEN YOUR EYES BOYO, YOU DUMB F. 

Why are you getting so upset?  I'm being very cordial to you.

You do realize that housing cost and rent started to explode in 2020 right?  Through all the free money that Trump handed out?  The checks he personally signed?  And you do realize that you can either have high inflation or low interest rates but not both right?  Biden certainly made things worse with his covid bill but the die was cast by Trump's reckless spending and destruction of supply chains.  Remember all those ships that couldn't make it into port?

[League Champion 1,909]

Just now, BeachGuy23 said:

Trump's reckless spending and destruction of supply chains.  Remember all those ships that couldn't make it into port?

Nice try. That was Democratic Leaders that shutdown their Cities. South Carolina NEVER SHUTDOWN which is why we have one of the strongest, fastest growing economies in the Country. 

How's North Jersey looking???? 

[RLLD 4,207]

5 minutes ago, BeachGuy23 said:

Ok, I respect your opinion.  But just so we're on the same page, you believe that inflation in the US can be impacted within a month or two by simply signing a document?  That Trump's spending and destruction of supply chains had zero impact on the inflation that started less than 3 months after he left office?  He signed an $800B covid bill in December 2020.  That had no impact on inflation?

Thank you for the conversation.  Inflation CAN transpire in pivotal markets almost immediately.  And its stick too.   Energy is the big one, its footprint is in everything....and if there is some event pretty much anywhere that could be interpreted as impacting supply you get an almost immediate reaction, and honestly its ususally overblown.......and then it takes forever for that to be wrung out of the system.  You cannot toy with the energy area.....ever.....and Biden did just that.....

It was a simple and critical mistake.  They love to say ohhhh, no cancelling the pipeline had no impact.....the fock it didnt.....the impact was immediate....the impact was already priced into futures, and when cancelled if focked up the entire thing. It was dramatic.

Its simple macroeconomics.....these companies will price it legilstive behaviors, they all do it all the time....its not new.   He should have known better.

[BeachGuy23 642]

1 minute ago, League Champion said:

Nice try. That was Democratic Leaders that shutdown their Cities. South Carolina NEVER SHUTDOWN which is why we have one of the strongest, fastest growing economies in the Country. 

How's North Jersey looking???? 

Haha like I said friend, you need better sources of information.

South Carolina's GDP has grown at an annualized rate of 0.7% over the five years to 2023. Moreover, South Carolina's trailing five-year GDP growth ranks it 25^th 

[BeachGuy23 642]

9 minutes ago, RLLD said:

Thank you for the conversation.  Inflation CAN transpire in pivotal markets almost immediately.  And its stick too.   Energy is the big one, its footprint is in everything....and if there is some event pretty much anywhere that could be interpreted as impacting supply you get an almost immediate reaction, and honestly its ususally overblown.......and then it takes forever for that to be wrung out of the system.  You cannot toy with the energy area.....ever.....and Biden did just that.....

It was a simple and critical mistake.  They love to say ohhhh, no cancelling the pipeline had no impact.....the fock it didnt.....the impact was immediate....the impact was already priced into futures, and when cancelled if focked up the entire thing. It was dramatic.

Its simple macroeconomics.....these companies will price it legilstive behaviors, they all do it all the time....its not new.   He should have known better.

Ok, so we've boiled it you believing that increasing energy cost is what largely caused inflation at the beginning of Biden's term.

The US energy CPI increased significantly in 2021 due to 2020 being crushed from Trump's complete mismanagement of the country.  Remember negative prices for a barrel of oil? The CPI in '21 was 117.5.  It was over 120 in 2010 - 2013 when inflation was not significant.  This leads me to believe that your premise is false. 

[League Champion 1,909]

11 minutes ago, BeachGuy23 said:

Haha like I said friend, you need better sources of information

Again, your reading, not looking. 

South Carolina is booming. The 2nd fastest growing economy on the East Coast. Pay attention, stop Googling. 

[RLLD 4,207]

9 minutes ago, BeachGuy23 said:

Ok, so we've boiled it you believing that increasing energy cost is what largely caused inflation at the beginning of Biden's term.

The US energy CPI increased significantly in 2021 due to 2020 being crushed from Trump's complete mismanagement of the country.  Remember negative prices for a barrel of oil? The CPI in '21 was 117.5.  It was over 120 in 2010 - 2013 when inflation was not significant.  This leads me to believe that your premise is false. 

A univariate analysis rarely tells the full story, and suggesting something I did not assert is not the way here.  You asked a direct question that I answered directly and now you are trying to repaint.  You might get away with that with others, but I will call it out. 

Biden did not fail in just one area or way, it was a series of mistakes; all of which had predictable outcomes. 

Energy was the easies one, and more relevant than others.   I would give him more credit if he had taken the move, as he currently does for almost everything, to blame Trump.  He never did that.  This is a tell.  He either wanted to hide from his mistakes....or he had no understanding of the damage he was doing. I tend to think he had no idea.....because if he understood he would have never pumped all that extra money into the economy.....he would have had to know that inflation would be a killer for his re-election...no, I think on the evidence he and his admin simply did not have enough understand of macroeconomics to do their job....

[Hardcore troubadour 15,333]

Car loan debt up, mortgage loan debt up, and most troubling,  credit card debt at an all time high.  Car loan debt is 1.5 trillion, while CC debt is now at 1.079 trillion. It’s a bullshit economy and it’s going to pop at some point. It always does. 

[RLLD 4,207]

It's a tough time to be sure. Mostly for the lower socioeconomic strata....but even the middle and upper middle class is feeling this.

I feel very fortunate to be able to handle this, but too many people cannot.  The harm being done could take a decade or more to unwind. I honestly do not think anyone in government really appreciates the harm being inflicted. 

[RLLD 4,207]

1 hour ago, BeachGuy23 said:

Ok, so we've boiled it you believing that increasing energy cost is what largely caused inflation at the beginning of Biden's term.

The US energy CPI increased significantly in 2021 due to 2020 being crushed from Trump's complete mismanagement of the country.  Remember negative prices for a barrel of oil? The CPI in '21 was 117.5.  It was over 120 in 2010 - 2013 when inflation was not significant.  This leads me to believe that your premise is false. 

I am thinking you might enjoy watching this  give it a try as I think it does a nice job really getting into the weeds....  

[League Champion 1,909]

 

[League Champion 1,909]

 

[edjr 6,580]

 

[RLLD 4,207]

So now the WH is walking away from "Bidenomics"....   A little late folks....we have tons of video of you all lauding this sh!t as good  

[HellToupee 1,745]

Bidenomics

 

Beach Boi and his buttboy tim will say things are great

[Hardcore troubadour 15,333]

The GDP is up slightly.  So quit yer bellyaching about eggs and bread. 

[lickin_starfish 1,923]

https://media.patriots.win/post/AOtGpcTSBGWe.jpeg

[Hardcore troubadour 15,333]

The child poverty rate has nearly doubled under Biden. Yet we don’t hear much about it. Imagine that happened under Trump? Poor kids in cages! 

[Dizkneelande 1,095]

3 hours ago, HellToupee said:

Bidenomics

 

Beach Boi and his buttboy tim will say things are great

Well they don’t believe Biden is a corrupted senile racist and the border is under control so there’s that.

[Hardcore troubadour 15,333]

14 minutes ago, Dizkneelande said:

Well they don’t believe Biden is a corrupted senile racist and the border is under control so there’s that.

Also crime is down. Pay no mind to what you see. And Ukraine is winning. 

[Sean Mooney 1,980]

Not sure how well it fits here but the US continues to pump out more barrels of oil a day than at any point in their history.  America is on track to be the world’s largest producer and exporter of natural gas this year, as well as the leading exporter of refined products and liquefied petroleum gas.

 

gas prices are still higher because oil prices are defined by the global market and not what we do individually as a country. 

 

And inflation is because of a multitude of things- some that Trump did, some that Biden did....pretending like it is one person or the other is just showing a shocking lack of understanding of economics. 

[Hardcore troubadour 15,333]

Remember when we were energy independent and exporting much of our fossil fuels? That was cool. Gas was lower then. 

[Sean Mooney 1,980]

I love when people use terms without knowing what they mean or even doing the most basic of research to support their claims.

Quote

 

By the time President Trump took office in 2017, U.S. net energy imports had fallen 75% from the 2005 level. In 2019, net energy imports turned negative, meaning the U.S. had become energy independent. So, while it is technically correct to say that the U.S. became energy independent while President Trump was in office, the reason was the shale boom that had begun in earnest in 2005.

Net U.S. exports grew from 0.61 quadrillion British thermal unit (Btus) — or “quads” — in 2019 to 3.48 quads in 2020. In 2021, President Biden’s first year in office, net exports increased slightly more to 3.62 quads.

Last month the EIA released data showing energy production and consumption numbers for all of 2022. You can see all the data here. In 2022, U.S. net energy exports grew to 5.94 quads, which is the highest number on record. Total U.S. energy production was also the highest on record. Overall, the U.S. produced 2.5% more energy in 2022 than we consumed. By comparison, in 2005 the U.S. consumed 44% more energy than we produced.

In conclusion, 2022 marked the highest level of US energy independence since before 1950. This milestone was achieved through a combination of factors, including the shale boom which led to a steady decline in net energy imports, rather than being solely attributed to any specific presidential administration.

 

Living in the real world is fun...everyone should try it. 

[Hardcore troubadour 15,333]

Remember when we were exporting energy and opec didn’t cut production? Gas was cheaper back then.  Now our oil has to make up for the shortfall from opec keeping prices high. Even though Biden asked them not to. 

[Sean Mooney 1,980]

Someone is breaking the deal I see....they won't admit it though.

But it;s cool they continue to want to be wrong. Being constantly wrong and still trying shows go getter attitude

[Hardcore troubadour 15,333]

I keep seeing these headlines about 16 dollar Big Macs. Is that true or just  one restaurant? 

[League Champion 1,909]

 

[Cloaca du jour 2,148]

Just paid 279 for a dollar bag(1 yr ago)of egg noodles...

[shorepatrol 1,870]

The mental special ed gymnastics these liberals play is HILARIOUS. EVERYFUCKINGTHING is double or more the cost than it was before this admin took over. Eat sh!t commies 

 

[shorepatrol 1,870]

1 hour ago, Hardcore troubadour said:

I keep seeing these headlines about 16 dollar Big Macs. Is that true or just  one restaurant? 

Ya, a fast food burger combo is 16 focking dollars compared to 8 now. Eat sh!t commies