Wall Street does not represent the actual economy. It’s just a compartmentalized microcosm for the wealthiest people in the country. Aside from how our 401k’s are doing, the rest of us are largely excluded from those stats.
You can fix a broken bone while doing absolutely nothing to prevent the accident that caused it and that’s just what happened. The accident was Trump, and he’s back to break shit again.
That’s because the Libs are more educated than you and paid attention to the stats and KNOW as a FACT that Biden had solid economic recovery during his tenure as president.
It basically just says the reality for most voters is that they still struggled. It bypasses all the real statistical data showing our economy in a recovery process during Biden’s term.
A recovery process that surpassed other first world nations.
Real gross domestic product grew 2.5% in 2023, significantly outpacing growth in all other G7 nations.[38][39][40] Real GDP growth averaged a robust 3.4% during the first three years of the Biden presidency.[41]
The labor market was strong in 2023. The unemployment rate averaged a very low 3.6% in 2023, as it had in 2022; the last year with an average 3.5% unemployment rate was 1969.[26] The number of persons with jobs continued setting records monthly as it had since June 2022 when the pre-pandemic peak was regained, reaching 157.3 million in December 2023. An average of 251,000 jobs per month were added in 2023, a total of 3.0 million.[27]
Wage gains exceeded inflation in 2023, with real (inflation-adjusted) hourly earnings for all employees increasing 0.8% from December 2022 to December 2023.[42] The inflation rate measured vs. one year earlier was 6.4% in January 2023 and 3.1% in December as the inflation rate slowed.[43] Census data released in January 2024 showed that record-high new business applications were filed in 2023, the third consecutive annual record high.[44]
For data through November 2024, President Biden on average had the lowest unemployment rate (4.12%) and highest real hourly wages for production & non-supervisory workers ($30.11) among presidents back to 1964.[49][3]
In 2024, Biden pushed to limit junk fees through the FTC, FCC and CFPB.[50] Biden has taken antitrust more seriously than presidents in recent memory, as seen by the work of Lina Khan at the FTC,[2] a historic court victory against Google’s search monopoly, and a lawsuit to break-up Live Nation and Ticketmaster.[50]
In February 2024, the total federal government debt grew to $34.4 trillion after having grown by approximately $1 trillion in both of two separate 100-day periods since the previous June.[51] However, the ratio of debt held by the public to GDP fell from 97.1% in Q1 2021 when Biden started to 95.2% in Q2 2024, as growth outpaced debt increases.[52]
Now, before you start crying about this being from Wikipedia, I’d like to point out the numbers inside the brackets above. Those are what those of us who have gone to school call SOURCES. That’s the beauty of Wikipedia. If you think it isn’t being accurate, you can click on the source links embedded into the website to verify the claims.
Those SOURCES are what your link, which should be considered an opinion piece, are lacking.
So I have to ask myself, do I rely on a link with almost no data at all, and absolutely no sources, or do I rely on a link that has a shit ton of data and sources included to back the claims being made?
If I was you, I’d just blindly believe the link with no sources. But, thank the gods, I am not you.
Your link is a hit piece with no sources. Do better.
So…you didn’t actually read the article, then…did you? Instead, you brought up all the same statistics that the article points out are commonly mischaracterized. It is a false representation of the economy that simply doesn’t apply to regular people.
If you had bothered to read the article, you wouldn’t be simply holding those statistics up as proof that the article is wrong. You would be trying to explain how those values actually apply to the average person.
I am just responding to what you said. never called you anything. I got no time to creep on your comment history. I am too busy searching for cheaper eggs on the DL so that I don’t rouse ICE to any potential thought crimes.
Have you considered raising quail for eggs if you can’t raise larger fowl, such as chickens or ducks?
Quail eggs are tiny, but they produce a lot of them and raising quail has a small footprint.
Oh good, you’re bored, I can now forge in peace. I heard the farmers in the next town over is basically giving away soybeans since the tarrifs hit. I should go and see I can get some to make tofu.
But the Libs keep telling me Biden fixed the economy.
We had the best post-covid recovery of any country in the entire world. But it still wasn’t good enough, so now we have Trump.
To be clear, I agree that it could’ve been much better, but destroying it entirely was not the correct response.
Wall Street does not represent the actual economy. It’s just a compartmentalized microcosm for the wealthiest people in the country. Aside from how our 401k’s are doing, the rest of us are largely excluded from those stats.
10% of people own 93% of the stock market.
50% of people own 1%
Who’s Biden?
You can fix a broken bone while doing absolutely nothing to prevent the accident that caused it and that’s just what happened. The accident was Trump, and he’s back to break shit again.
That’s because the Libs are more educated than you and paid attention to the stats and KNOW as a FACT that Biden had solid economic recovery during his tenure as president.
Not true, at all.
Thanks for your link with virtually no data.
No references to studies.
It basically just says the reality for most voters is that they still struggled. It bypasses all the real statistical data showing our economy in a recovery process during Biden’s term.
A recovery process that surpassed other first world nations.
Did you even read it? It explains in detail how the data that the government relies on for its forecasts, is being misrepresented.
Real gross domestic product grew 2.5% in 2023, significantly outpacing growth in all other G7 nations.[38][39][40] Real GDP growth averaged a robust 3.4% during the first three years of the Biden presidency.[41]
The labor market was strong in 2023. The unemployment rate averaged a very low 3.6% in 2023, as it had in 2022; the last year with an average 3.5% unemployment rate was 1969.[26] The number of persons with jobs continued setting records monthly as it had since June 2022 when the pre-pandemic peak was regained, reaching 157.3 million in December 2023. An average of 251,000 jobs per month were added in 2023, a total of 3.0 million.[27]
Wage gains exceeded inflation in 2023, with real (inflation-adjusted) hourly earnings for all employees increasing 0.8% from December 2022 to December 2023.[42] The inflation rate measured vs. one year earlier was 6.4% in January 2023 and 3.1% in December as the inflation rate slowed.[43] Census data released in January 2024 showed that record-high new business applications were filed in 2023, the third consecutive annual record high.[44]
For data through November 2024, President Biden on average had the lowest unemployment rate (4.12%) and highest real hourly wages for production & non-supervisory workers ($30.11) among presidents back to 1964.[49][3]
In 2024, Biden pushed to limit junk fees through the FTC, FCC and CFPB.[50] Biden has taken antitrust more seriously than presidents in recent memory, as seen by the work of Lina Khan at the FTC,[2] a historic court victory against Google’s search monopoly, and a lawsuit to break-up Live Nation and Ticketmaster.[50]
In February 2024, the total federal government debt grew to $34.4 trillion after having grown by approximately $1 trillion in both of two separate 100-day periods since the previous June.[51] However, the ratio of debt held by the public to GDP fell from 97.1% in Q1 2021 when Biden started to 95.2% in Q2 2024, as growth outpaced debt increases.[52]
https://en.wikipedia.org/wiki/Economic_policy_of_the_Joe_Biden_administration
Now, before you start crying about this being from Wikipedia, I’d like to point out the numbers inside the brackets above. Those are what those of us who have gone to school call SOURCES. That’s the beauty of Wikipedia. If you think it isn’t being accurate, you can click on the source links embedded into the website to verify the claims.
Those SOURCES are what your link, which should be considered an opinion piece, are lacking.
So I have to ask myself, do I rely on a link with almost no data at all, and absolutely no sources, or do I rely on a link that has a shit ton of data and sources included to back the claims being made?
If I was you, I’d just blindly believe the link with no sources. But, thank the gods, I am not you.
Your link is a hit piece with no sources. Do better.
So…you didn’t actually read the article, then…did you? Instead, you brought up all the same statistics that the article points out are commonly mischaracterized. It is a false representation of the economy that simply doesn’t apply to regular people.
If you had bothered to read the article, you wouldn’t be simply holding those statistics up as proof that the article is wrong. You would be trying to explain how those values actually apply to the average person.
He did. That’s literally the best America could do and asking for more means you want Republicans to win.
Only libs downvote me.
I am winning so hard with tarrifs right now. /s
Not the first time I’ve been called a trumper.
Do more creeping my comment history, noob
I am just responding to what you said. never called you anything. I got no time to creep on your comment history. I am too busy searching for cheaper eggs on the DL so that I don’t rouse ICE to any potential thought crimes.
Have you considered raising quail for eggs if you can’t raise larger fowl, such as chickens or ducks? Quail eggs are tiny, but they produce a lot of them and raising quail has a small footprint.
BORING!
Oh good, you’re bored, I can now forge in peace. I heard the farmers in the next town over is basically giving away soybeans since the tarrifs hit. I should go and see I can get some to make tofu.