Summary
President Joe Biden highlighted his administration’s economic record, citing consistent job growth and a 2.7% inflation rate drop from its 2022 peak.
December’s jobs report showed 256,000 new jobs and declining unemployment, signaling steady economic growth.
However, inflation remains above the Federal Reserve’s 2% target, and interest rates remain high, impacting homebuyers and businesses.
Public pessimism lingers on affordability as Biden passes a largely strong economy to his successor, Donald Trump.
Yeah, great, I’m so impressed. I’ll quit one of my jobs. Thanks biden.
According to traditional economic indicators, that’s a true statement. There is an issue with traditional economic indicators however.
He’s living in a separate economy 🙄 it’s no wonder the Dems lost.
Thanks, Joe. More for Trump to loot. Too bad so little of that growth got to median-level people.
That’s what happens when the economic wellbeing of a country is based upon numbers on computers instead of the actual wellbeing of its population. Fuck neoliberalism.
I suppose I’m happy for the economy. I mean, I’m glad it’s doing better than ever, I guess, but I’ve got my own issues. Sorry if that sounds selfish, but it’s just hard for me to get too excited for the economy when I’m stressed about my own situation.
They made a typo they meant the stock market not the economy.
No no no, they added jobs*
*Uber drivers
Illegal taxi service! Why didn’t I thnk of that!
That’ll surely cancel out the impending fascism.
Don’t you know, fascism is actually great and they’ve been lying to us for years because they don’t want us to have it. Thankfully trump, the biggest fascist ever, is going to fix that for us.
That’s because the economy is wholly disconnected from the real lives of working Americans. Aside from 401k, job gains could just be shifting around of people from job to job. If you are in the job market, it still feels grim. The cost of groceries, energy, housing, healthcare, schooling still remain high. And that’s what Americans really experience. A reduction in inflation doesn’t mean prices went down, it just means the increases slowed down by 2.7%. And the fact that democrats are completely incapable or unwilling to have this conversation, is why democrats continue to lose enthusiasm every time there’s an incumbent democrat election. Obama was an exception because of how skilled a politician he was and how weak the Republican opposition was at the time.
“What has the economy done for me lately?”
Hard to think of much lately other than give me false hope about my retirement options.
That’s weird. I could have bought a house in 2014 but I can’t afford it now despite making way more money.
The economy is stronger than ever for Americans that politicians care about.
Stronger for whom, exactly?
Doesn’t matter, when Trump wrecks the economy he will say that he inherited the worst economy ever from Biden.
Someone should build a site that tracks all these metrics and promises from now on.
We’re all getting cheaper gas, electricity, and groceries right? RIGHT?!
Recks what 🤦 we are in bottom
‘Than Ever’
dude was a senator starting at 1972.
he’s been an active participant in this
Sure, a massive disaster caused by trump et all fucking things up was recovered from. But that’s not really Biden’s doing, except in the most ephemeral of senses
That link you provided is excellent.
yeah biden’s really asking for a lot of credit right now for just being an ordinary republican president. we needed to hold the insurrectionists accountable, first and foremost, and he didn’t
Covid was China, how do you figure it’s Trump’s fault?
He told people to inject bleach like what the fuck.
Nah, He didn’t.
But you construct whatever batshit insane reality you need too bud. Everyone needs a boogey man that they can direct their self hatred toward.
The quote made during a televised back and forth discussion with a doctor:
“And then I see the disinfectant where it knocks it out in a minute. One minute. And is there a way we can do something like that, by injection inside or almost a cleaning?”
Honestly, if the message you got from this quote was “HE SAID INJECT BLEACH!!”, you either have a severe comprehension issue, understand but still choose to live in your fantasy, or you just consider internet headlines the most credible source of news available.
“And then I see the disinfectant where it knocks it out in a minute. One minute. And is there a way we can do something like that, by injection inside or almost a cleaning?”
The message I get from that is this is one dumb motherfucker who shouldn’t be anywhere near power.
Ok, sure. He asked about injecting disinfectant. That isn’t better. If he didn’t pretend to be smarter than experts that would be fine, but he can’t ask that and still say he knows best on how to handle a pandemic. His disregard for human life makes me angry. I wish him all the karma he is due.
You ignored the look on the doctor’s face when he said that, didn’t you? Exactly what inside do you think he was talking about? He got the idea from doing it inside hospitals, so it wasn’t that.
Yep I don’t like this mischaracterization either. What he said was at least as stupid but this meme using the word bleach won’t die. It’s very odd.
You can’t control all the challenges of your presidency but there were a lot of actions he could have taken to reduce the harm done. Instead he worked to make it worse.
He withheld and stole equipment from blue states and sent it to Russia. He was actively anti-mask and anti-vax. Which both reduce harm to people (and the economy), he postponed stimulus checks so he could put his name on them. He allowed giving away taxpayer money to corporations and people that didn’t need it (PPP loans) and neglected the small businesses that could have actually used it.
You cannot simultaneously ignore all the mistakes Trump made around covid but also blame China just because the virus originated there.
First detected in China. It originated at MRI in KC.
KC?
Surely you’re not really this stupid…
We had pandemic response teams stationed in high risk areas around the world, including the Wuhan wet markets. Epidemiologists have been saying for decades that it was only a matter of time before we’d get hit by a pandemic, so we opened labs in those high risk areas to detect potential epidemics quickly and quarantine them before they could spread around the world.
Trump shut a bunch of them down to “save money” (also because it was something Obama did). Lo and behold, COVID swept the world almost immediately after. The pandemic was literally his fault.
When the media or politicians report on ‘the economy’ they mean wealthy people’s money in investment capital and financial instrument earnings, not wages or savings for the working class.
“Empty suit makes grandiose empty statement.”
What good is that when we couldn’t sentence the clown coming into office that is going to dismantle whatever gains we might make.
