It says it has about 40 posts on it, but I only see you as the last poster.
Have you somehow managed to duplicate your posting comments about 37 times by repeatedly clicking after pressing Submit Thread?
I can't even access the thread now.
I think he broke the internet.
I did nothing wrong and was just commenting about Bidenomics. The administration loves inflation and it is used to cover up deficiencies in the economy and provision of farcical growth.
If there was any growth whatsoever , why are only the rich benefitting from it - the working class and the poor are struggling badly to put food on the table because of inflation in food prices. If there are real GDP growth everybody will or should benefit from it. But most people today are worse off than they used to be. Bidenomics reduced thei spending power drastically. For instance a family with an income of $50 000 a year has to cover Bidenomics cost them on acerage circa .$10 000 a year extra in expenditure. - s thir real spending money is now $40 000 a year ab=nd not the $50 000 they had avaiklable for expenditure before Biden took destruction of a the US economy as an ideal route to develop the USA.
Anybody believing what comes out of the Biden Administration must urgentyl see a shrink.
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Shame on you ouMaaik, I was looking forward to the thread's progression
Here Clever….read and learn. Let me know if it’s unclear:
Seasonally and inflation-adjusted annual rates of growth in gross domestic product showing growth of 4.9 percent in the third quarter of 2023. The report offered mixed signals for the Fed ahead of its policymaking meeting next week.
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Did that penetrate your concrete skull, Real GDP is adjusted for inflation.
Yes DumbMike, it is hard to argue against facts, at least sanely.
The US has had the lowest inflation in the world, and they have strong GDP.
Bear in mind at least the infrastructure bill was passed. This was a major investment that will ensure the US can promote trade in the US.
I see the US also plans to open microchip or/and transistors offices in red states instead of just relying on Taiwan, that may become part of China again. This is creating manufacturing jobs, and the Democrats are at least making some attempt to encourage more local jobs with the Chips act etc.
Please explain - it the wonderful growth is adjusted why are the majority of the people suiffering and worse off than they were in 2019 than they are now. I know the fact is factories and shopping mauls are closing due to poor financial conditions and lawlssnes and the looting resulting from it?
Inflation is now at 6,1% as to food stuff - the basic need for people. If the economy is so good and GDP growing, then the people would benefit from it and the growth in Federal Debt slowed down - but it is not and they are worse off than they were under Trump.
The figures Govenments world wide provide on economic data is always unreliable and Bidenomics is no different. They thrive om what is false data and whatever comes out of the present US Government is routinely falsified disinformation. . . .
How much is the inflation rate for the same period?
What I leaned about the Bidenomics is that they lie about the inflation rate - about new jobs crearted and about everything else. That GDP figure is total garbage and that is what the US worrking class knows and acctped themselves. Small businesses are being destroyed while Arms industry are thriving and the warmongerers building palatial homes for themselves in the Washington suburbs and more than 1,7 children are going to sleep hungry.
The fact is that the Open Border Policy is based on political objectives - they have just imported near to 7 million voters that wuill illegally be registered as voters and allowed t v ote without identification. The Democrats now argued that the migrants are allowed in to do work at heap rates that American citizens won't do. In other words it is based on a new system of slavery the Democ rats historically loved.
A sick and utterly corrupt Government which will remain in power if the Republicans be careful or whom they would lose against in 2024. They must start looking at loopholes used by the Democrats to send in unidentified votes by the millions - they dare not let the new "voters" vote on election day.
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Utter nonsense…the fall in the stock market is 80% attributable to the rise in interest rates, which is 100 % due to inflation. That in turn is due in part to the war, in part to Biden’s unwise continued stimulus….but mostly due to supply disruptions from Covid still cascading through the system.
BS in buckets or per lorryload. Covid was disruptive and every country suffered as a result. after nearly a year the impact on the economy is still a reason for uncontrolled fruitless Government expendiuture. The Biden Administration breaks ewvery norms laid down government.expemditure. It is regarded as bad for the economy of Government expenditure ileads to funding of of administration repesents more than 6o% of the GDP of countries - in the USA it wouild soon reach 150% of GDP. Loans are supposed to be for projects that enhance economic growth - not for funding ciurrent exoenditure,
The Biden officials clain that inflation hlps the Government in repayments of loans - but what is really happening is trhat the US Government stetling debts by raising new loans. This is the same approach used by the Mugabe Government - but on a grander scale.
Revad the following - maybe you will get the real message:-
With all the chaos and heartbreaking loss of life around the world today, few noticed the Treasury Department drop a financial bomb: The deficit for fiscal year 2023 was $1.7 trillion, growing 23 percent in a single year as the Treasury used $879 billion just to service the federal debt. But "Bidenomics" means the worst is yet to come, and multi-trillion-dollar deficits are the new normal.
The impetus for these massive deficits is federal government spending, which tipped the scales at $6.1 trillion last year. Government receipts, meanwhile, were $4.4 trillion, woefully short of the $5 trillion previously forecasted. A slowing economy and counterproductive tax increases were key drivers behind the $457 billion drop in receipts from the prior fiscal year.
Yet, even these reduced revenues would have resulted in a balanced budget if President Biden had simply allowed spending to return to its pre-pandemic level. Instead, Treasury outlays are up 38 percent today compared to pre-pandemic times.
That’s why it’s so deceptive for the Treasury to have recently announced that the deficit is $1 trillion lower than when Biden took office. Elevated spending levels in 2020 should have been one-time emergency measures, but the Biden administration institutionalized $6-trillion budgets by simply replacing pandemic-era outlays with the Biden agenda."
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“The stock market is watching the bond market and doesn’t like what it sees,” said David Donabedian, chief investment officer of CIBC Private Wealth Management. “Yields are rising, even with the relatively good news about inflation. This is the primary reason the stock market has been weak.”
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As I said the primary reason stocks have declined is rising interest rates, driven by the need to control inflation.
Economist 101
Mozart
You were talking shit about the increase in the GDP and it is evident from the drop in tax recovery estimated to be $5 trillion - but in fact was $4,4 trillion. If the GD P showed any growth the tax recovery would have increased - but it is dropping like a lead ball.
As it is the negatives cannot be covered by WH lies and the actual figures cannot be changed - since the Federal debt level will increase by at least $3 trillion by election time next year. False claims of GDP growth and employment creation is not subject to audit - so we have a case where the Biden Administration lies about the situation and you fell for it lock, stock and barrel. Shame on you - you should have checked your facts before you came out in support of WH lies.
The new story about the axis of evil is another scam of the WH. It is not an Axis of evil it is embodied in the BRICS constitution forbid countries to wage war on anybody. Iran will not be allowed by BRICS to get directly involved in a war against Iszael by BRICS - so they are using funds made illegally in selling oil by using dollars by a US Law passed under Trump. Biden is just ignoring that law meaning threat Iran could fund proxy wars by unfreezing money - already in excess of $100 billion has not been kept frozen and together with US Aid to Hamas is adequate to fight a proxy war against Israel.
The US should help Israel - not undermine it like the Biden Administration is doing. Similarly the Ukraine War is a Biden fancy war that could have been prevented by negotiations. But Biden did not want negotiations to succeed and kept their proxy Government in Ukraine hapy by funding them and their corrupt lifestyles - will kickbacks to US politicians and bureaucrats flourish suimultaeneously.
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