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It's a matter of Bidenomics!

Discussion in 'BBS Hangout: Debate & Discussion' started by adoo, Jun 28, 2023.

  1. astros123

    astros123 Member

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    Daddy government? Really? That's how you phase it?

     
    JeeberD and No Worries like this.
  2. adoo

    adoo Member

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    Led by SMU, the 41-member Texoma Semiconductor Innovation Consortium (TSIC) is eligible to compete to receive up to $75 million in funding. The Tech Hub consortium was organized by
    Jennifer Dworak, Scott Douglas, and J.-C. Chiao, professors in the SMU Lyle School’s Department of Electrical and Computer Engineering.


    The Texoma Semiconductor Tech Hub’s core technology is fablet-based semiconductor manufacturing, and it serves 29 counties across North Central Texas into southern Oklahoma.
     
  3. Commodore

    Commodore Contributing Member

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    printing money is always popular
     
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  4. peleincubus

    peleincubus Member

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    Alabama Tennessee Mississippi West Virginia etc using federal tax dollars from California and New York is always popular as well.
     
  5. cdastros

    cdastros Member

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  6. Mr.Scarface

    Mr.Scarface Member

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    But, But Bidenomics are bad?
     
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  7. astros123

    astros123 Member

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    @StupidMoniker @Space Ghost

    Any word from the trolls who claimed we'd be in a recession nd how the economy is bad? 4.8% AFTER inflation aka real growth.

    Trump never posted these sort of gains and biden is doing it with 5.5% interest. Imagine this economy in 3% fed fund rate. It'll surpass china's y/y growth



    America is winning and your low iq trolls @Commodore hate it
     
    cdastros and adoo like this.
  8. Space Ghost

    Space Ghost Contributing Member

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  9. adoo

    adoo Member

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    #809 adoo, Oct 27, 2023
    Last edited: Oct 27, 2023
    No Worries and astros123 like this.
  10. astros123

    astros123 Member

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    You're making my point. Americans are ****ing stupid. The majority of americans think the unemployment is higher now than it was in 2021. There was nothing trump did to make the economy good. He took over a good economy from Obama which posted 5 years of job gains and passed a massive 2 trillion tax cut.

    It's funny how your main argument is polling and not actual stats cuz hit have no argument.

    Compare raw economic data under trump nd biden and biden is killing him. You're a low life troll I get it
     
    #810 astros123, Oct 28, 2023
    Last edited: Oct 28, 2023
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  11. astros123

    astros123 Member

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    Biden passed real legislation to onshore manufacturing which is contributing to real gdp growth. All trump did was pass a tax cut.
     
  12. Xenon

    Xenon Contributing Member

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    More garbage from the feelings over facts party.
     
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  13. Space Ghost

    Space Ghost Contributing Member

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    You're calling everyone stupid while at the same time pretending 2 years of vast authoritarian shut downs never happened.
     
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  14. Amiga

    Amiga 10 years ago...
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    I think this is a partisan-caused gap that illustrates how delusion is winning and perception of reality is dying.

    Since actual surveys were MORE positive than economic data at the start of the pandemic (2020-2021), but became much more negative after 2021, my guess is this is likely due to partisan behavior. Like how ~70% of Republicans still incorrectly think the 2020 election was stolen, my guess is that a huge % of them think the economy is doing much worse than reality. Independents and even Democrats also think this way, but by a smaller percentage.

    [​IMG]
    The pandemic has broken a closely followed survey of sentiment (economist.com)
     
    #814 Amiga, Oct 28, 2023
    Last edited: Oct 28, 2023
  15. Amiga

    Amiga 10 years ago...
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    related

    When will Americans stop worrying and learn to love the U.S. economy? | Columnists

    What will it take for Americans to stop worrying and finally learn to love the U.S. economy?

    On paper, at least, the U.S. economy looks remarkably good. The recent stunning jobs report has now been followed by a stunning GDP report: U.S. economic output grew at an annual pace of 4.9 percent in the third quarter of this year, the Commerce Department reported Thursday, after adjusting for inflation and the usual seasonal patterns.

    For context, that’s more than double the pace from the prior quarter, the fastest rate of growth since late 2021, and light-years higher than economists had been expecting not too long ago.

    When this year began, a majority of private-sector economists surveyed were predicting an imminent downturn. Heck, even as recently as June, the staff economists at the Federal Reserve were predicting a “mild recession” that would begin sometime in 2023. These economists are not right-wing partisans trying to make President Biden look bad, or naive normies brainwashed by a pessimistic media, whatever Democrats’ fever dreams might be. They’re professional forecasters paid to get the numbers right.

    Those doomer forecasts have since been scratched out in any case. Needless to say, 4.9 percent annualized growth is nowhere near standard recessionary territory, when the GDP is instead often shrinking.

    Remarkably, the U.S. economy is not only exceeding those pessimistic forecasts from a few months ago — it’s also exceeding forecasts made even before the pandemic began, based on predictions published in January 2020 by both the Congressional Budget Office and the International Monetary Fund for where we’d be around now.

    This is not true for other countries. In most of the world, economies are still doing worse today than pre-pandemic forecasts estimated. Which kinda makes sense, given the huge hole that an unforeseen global health crisis blew in every economy.


    ...
     
    #815 Amiga, Oct 28, 2023
    Last edited: Oct 28, 2023
  16. astros123

    astros123 Member

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    Biden ordered shutdowns? Who was president when the shutdowns happened? Again compare 2019 data and biden's numbers still smash trumps..... i don't give a **** about polling and what dumb americans think. I like to see FACTS
     
  17. adoo

    adoo Member

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    good find, an illuminating reporting by Catherine Rampell; i moved this post to Joe Biden's America
     
    #817 adoo, Oct 28, 2023
    Last edited: Oct 28, 2023
  18. pgabriel

    pgabriel Educated Negro

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    Inflation and gasoline weigh heavily on people's perception of the economy as they are real tangible concerns

    That being said wage growth has started to keep up with inflation
     
  19. adoo

    adoo Member

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    No Worries and astros123 like this.
  20. Amiga

    Amiga 10 years ago...
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    related

    There have been gaps, but at least they were moving in about the same direction, until Trump. The two crossovers after the 2016 and 2020 elections illustrate partisan nuttery. This chart goes through July 2023.

    [​IMG]
     
    No Worries and astros123 like this.

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