@newtboy

Better to have Republicans bicker and get nothing done than to have Bidnomics destroy American pocketbooks.

It will get worse.

Your mantra.
“I can’t deny that Bidenomics has improved every single measure of our economy significantly after the record setting abject disaster of Trumps last year in office and the lingering effects of its apocalyptic mismanagement, but it will get worse someday, so Bidenomics is a failure.”
You can’t point to a single metric of economics that hasn’t significantly improved under Biden. NOT ONE. “It will get worse.” is not related to reality, it’s just your own wishful thinking, hoping for America to fail.

Such idiotic nonsense. Nothing has been worse for the economy than Republican leadership. Every recession in recent history was under Republicans because of republican policies, every economic recovery was under Democrats thanks to democratic policies. The vast majority of inflation was due to Trump spending like a drunken sailor with mommy’s credit card and increasing the debt by 8 trillion and deficit by trillions or tens of trillions more before his policies expire. Biden’s policies, Bidenomics, averted a recession/depression you (and many economists) insisted was coming by 2022 and reversed inflation faster than the most optimistic economist predicted.

Bidenomics has saved American pocketbooks from the results of 4 years of federal financial malfeasance.
Trump ended his term with a negative gdp, huge exploded deficit, rapidly growing debt, worst unemployment in living memory, a historically easy to defraud never repay ppp loan program every Republican congressperson scammed, tens of millions of disabled taxpayers and a million dead taxpayers. Trumpenomics had us on the fast road to unavoidable recession/depression in Jan 2021….Bidenomics avoided it and created a boom. 🤦‍♂️

Republican bickering has already led to our national credit rating being downgraded once, costing the nation billions in increased loan interest alone with nothing gained besides the degradation of our congress and the national union. You would happily have that continue until it bankrupted the nation irreparably then blame Biden.

This video has been discarded due to negative votes by members.

Inflation.

nuff said
Your old play book of blaming the previous administration is pure BS.
If Biden was handed a shit sandwich He has had 3 years to push policies to turn the ship around . But he hasn't It is worse.

Shows your delusion perfectly.
It’s not worse, it’s better by every single measure used to measure any economy.

Inflation has turned around and is down to 3.24% with wage gains outpacing it by almost double, and wage gains were the highest ever at 15.28 % in April of 2021 under Biden and a record low of -5.89% in April of 2020…who was president then? Low inflation doesn’t mean shit when unemployment is at record highs wages are actually going DOWN, shelves are bare, and GDP is NEGATIVE!!
Negative wage growth is the same as inflation…it lowers earning/spending power…so does losing 15-20 million jobs!
So, combine wage growth and inflation then average in the unemployed at $0 income to get average earning/spending power, you will see earning/spending power was much LOWER in 2020 under Trump even for those that kept their jobs…when you could actually find anything to buy that is. 🤦‍♂️
I know you don’t remember a hour ago, but many of us remember 2020, the terrible, horrible, no good, very bad year in so many ways ending in a coup attempt.

Good management turned what Trump left, a triple decker shit sandwich in a festering sewer and guaranteed recession at best according to every economist, into a boom so great inflation spiked higher than just thanks to Trump wasteful overspending and pure handouts to business owners with completely unregulated no background check no repayment PPP loans, but Biden’s fed handled it and inflation is barely above average and well below all other G7 nations by far.

You think the economy is worse now than record high unemployment record low wage growth record low gdp record discretionary federal spending and record business closures!?!…by what measure buddy? What measure? Inflation is down, earning power is up….WAY UP. Your feelings don’t mean shit….in fact, fuck your feelings snowflake.

" it’s better by every single measure used to measure any economy."

Gas , food , cars, interest rates all cost more.

Your dumber than a bag of hammers.

Newt, grow up.

I’m still waiting for you to explain how 75% inflation over 22 years becomes 150% increased prices under Biden as you claimed. Please, I need your expertise in mathematics to make the world make sense. 😂


To my dumber than a bag of hammers-
😂🤦‍♂️😂
So that’s a “yes”, you do think the economy is worse now than in 2020 solely because inflation is doubled and you don’t understand earnings/purchase power . 🤦‍♂️
I grant you, inflation is still elevated, but down near 2/3 and well below what other countries are experiencing, so is getting better not worse. Hyperactive economies can tend to have inflation issues, and the Biden economy exploded like it was made of lithium deuteride.

Yes booby, prices have gone up on average, they always do…and on average everyone makes more too….much more. If prices go up 3% and wages go up 6% you have 3% more buying power, A GAIN…that’s pretty basic math for it to go so far over your head. In 2020 prices went up near 1.5% (for items still on shelves) but wages went DOWN near 6% (for those who were still employed) for a >7% LOSS in buying power. See how Bidenomics is better yet?

Probably not…ask a 3rd grader…is being able to buy 3% more yearly better than only being able to buy >7% less than last year?

Earning power is rising fast, double inflation, so are GDP and employment rates unlike under Trump when not only was there still inflation (granted much less thanks to the floundering MAGA economy) but wages actually went down significantly GDP went NEGATIVE and up to 20 million jobs evaporated thanks to mismanagement (NZ didn’t have that problem).

When inflation is barely above 3% and wages are rising at near 6%, yes, things cost more, and average people can also BUY MORE you fucking idiot.
I know, that’s keeping two things in your head at once, so impossible for you to comprehend, but trust me, that’s reality. You should try it some time.
You think you have something because inflation went up, largely thanks to Trumps horrific last year of hyper spending and the economic crash his mismanagement caused but also due to Biden’s economic recovery outpacing the most optimistic predictions…but you are too dumb to see the other half of the earning equation…wages. Since earnings are rising at double inflation, people can buy more.
Again, in 2020 wages went down almost 6% with 1.5% inflation (during a massive negative gdp) so earning power went down by almost 7.5%…today inflation is 3.24 but wages are rising at nearly 6%, giving a RISE in earning power of 2.75%. That is a >10% difference, going from a 7.5% loss of buying power in 2020 to a 2.75% rise this year…and no recession. That’s called winning.
Inflation is only one part of the equation, buddy, and is absolutely meaningless without the other parts.

Yes, I repeated myself…I hoped by saying it over and over some might get through.

Interest rates…😂😂😂 true, Biden didn’t lower rates to zero and still have a stalled economy, he had to raise them to combat inflation…it worked, and hasn’t stalled the boom yet. You claim to be rich…high interest rates shouldn’t mean a thing to you…or do you really carry massive debt and aren’t really rich at all? 😂

As a side note, the stock market is also booming, paying great for those who are invested. Similar to wage growth since many (like me) live off investment earnings.

Gas prices have dropped sharply, today below $3 in 1/3 of the country and $.22 lower than a year ago on average. That’s costing LESS! Try again.

Many staple food prices are lower too. National average turkey prices were cheaper than last year, so are eggs. Try again.

According to Edmonds, “ The good news is that, in general, prices have been on the decline since late 2022. In May 2022, the average selling price of a vehicle was about $721 over MSRP. Compare that to July 2023, when the average selling price was about $714 below MSRP.”. Try again.

American's purchase power is rising, under Trump it plummeted like never before. I know, you just don’t understand. It’s ok boob. Adults understand.

I bought a bag of hammers for $10 at a yard sale…it was incredibly smart of me. I got about 10 hammers including 3 small sledge hammers and 2 metal framing hammers. My bag of hammers purchase was quite smart. 😂

Boob, get a brain. You might ask the scarecrow how he got his, because you really need help. I’ve never met a person as dumb and delusional as yourself, and I’ve known some real idiots.

Try this simple example.
Last week a soda cost you $1, and you made $12 an hour ($1 every 5 minutes). This week a soda costs $1.20 but your pay went to $15 ($1 every 4 minutes). Yes, the soda costs more this week…INFLATION!…are you better off now or were you better off with cheaper soda last week? Show your work. (I’m pretty certain that second grade math is just too hard and I won’t see a reply).

THIS IS WHY YOU FAIL EVERY TIME BOOB. BECAUSE YOU DON’T UNDERSTAND WHAT YOU RANT ABOUT AT ALL.
GO TO SCHOOL AND LEARN THE BASICS.

Another month’s numbers are out….
November inflation was .1%, proving October being 0% inflation wasn’t a fluke.
Yearly wage gains are still well over 4%.
Yes, prices are up slightly, wages are up more. Earning power is skyrocketing.
At the same time, stock markets hit record highs today and the fed stopped raising interest rates….edit: in fact they’re hinting that they plan 3 rate cuts in the next year.
Tell me again what’s bad about the economy bob?