U.S. economy grew 5.7 percent in 2021, fastest full-year clip since 1984, despite ongoing pandemic
https://www.washingtonpost.com/business/2022/01/27/gdp-2021-q4-economy/
Name one economic policy enacted by Joe Biden that has contribute to any growth in our economy since his inauguration? Because the reality is there are none of this is entirely still trumps economy.
Let’s also not detail the fact that inflation has completely eroded any growth anyway. More proof that Biden hasn’t done anything because he hasn’t dealt with inflation
Lol…Idiotville
If your starting point is a shutdown or shortly thereafter well…There’s no other direction to go you fucking twat
- Stimulus
- Child Tax Credit
- Paycheck Protection Program
- State Covid/School Funding
- Enhanced Unemployment Coverage
- Infrastructure Investment and Jobs Act
- Eviction Moratorium
- Executive Order to Promote Competition
- Executive Order Increasing Federal Minimum Wage
Sorry if that’s more than one.
That said, it would be ridiculous to pretend this 38-year-record isn’t because of the equally impressive crash we had 2 years ago. And it would also be dumb to discount Trump’s stimulus contribution, as this is only Biden’s first year.
But pretending Biden didn’t do anything is really dumb too. Whatever the number is, he outpaced predictions made after the pandemic did its damage. In other words, Biden did BETTER than projected.
Because many of the predictions themselves were based on doom and gloom
People refused then and refused now to believe how easy it was to simply move forward off of covid.
Covid should be well in the rear view mirror on many fronts.
Then go get your man lol
Can you believe this commie fucking cunt djrion posts this garbage?
305- Stimulus was the only item that was done early enough to have an impact.
His infrastructure plan was signed in November.
Those tax credits you cite would take effect this next year when people claim them.
PPP
Eviction Moratorium
School funding for COVID?
Unemployment coverage?
These differed from Trump’s in what way? They are all extensions of Trump’s previous policy.
Curiously, those are some of the same reasons we have inflation. Ipso facto… 
The share prices of stocks are bloated. Already certain issues have lost 50% of value. Biden’s BBB plan could bankrupt the country. Biden should have been reducing federal spending, not increasing it. His open border policy is sheer madness. Two thirds of Americans are opposed to open border and providing illegal immigrants with welfare monies. Biden’s favoring illegal aliens over citizens is an outrage, and I think given a Republican victory in the House following midterms will result in Biden’s deserved impeachment. Hopefully, he’ll also be removed from office following a Senate trial. The gloom however under Kamala is unlikely to be lifted.
Minor inflation is of small consequence, but major heightening of inflation could conceivably lead to a depression. Hyperinflation means that most people do not or will not have enough money to buy what they either want or worse what they need. It is not uncommon under Biden to see neighborhoods where the purchase entry level price is more than $400,000. How many average Americans can afford to live in such a neighborhood? The average price of homes in the U.S. today is now over $200,000. For housing this leaves little remedy to persons of modest income. They are forced to rent at exorbitantly high prices, and small wonder the mobile home market is thriving. Both Warren Buffett and Bikki228 have recently bought shares both in mobile home contractors and mobile home financial institutions. Warren had a less than stellar year this past year, but the Oracle of Omaha is a man of uncommon shrewdness.
By year’s end, you will be paying by my estimate $5.00 a gallon for gasoline, and I consider the estimate to be on the conservative side. Some project oil to hit $150 a barrel. Like Obama Biden is attempting to scale down the use of fossil fuels wreaking havoc in the petroleum and coal industries. Presently, we haven’t the money to build more nuclear plants which are not only very expensive to build but warrant consumers pay higher prices for power once the plants are put into operation. Under Biden look for your power bills to go straspherically higher. Your electric car will likely raise your power bills upward of 40 per cent. Poor people without privilege will be unable to afford a private automobile. A/C bills will become so exorbitant, look for a run on small room A/C units.
Then we have the specter of Biden raising taxes on corporations. IMO, there should be zero taxes on corporations. Corporations are the Golden Goose of America. No nation has ever achieved prosperity without having private corporations. Leftists always portray corporations as epicenters of human greed which is a pejorative for earning profits for the benefit of their employees and consumers. Even those of modest economic knowledge know that corporate taxes are an indirect method of separating taxpayers from their earnings. Unfortunately, high taxes will lower corporate earning and force layoffs of labor. Inflation will eat away at consumer ability to buy anything. They will be forced by unpleasant reality to moderate their purchases.
A worse case scenario is the national bankruptcy of the USA. Runaway inflation will cause a progression of higher interest rates. Thanks to uncontrolled spending, and the insane desire of Marxist Democrats to spend ever more, pay the Piper time will arrive in America. Presently, the debt service on our national debt costs $300 billion. When interest rates are jacked up so will the expense of debt service. While we can handle the present rate of debt service, we cannot handle debt service that rises three or four fold, that is, more than a trillion dollars per year. Oh, what a catastrophe it would be to see the world’s greatest debtor nation to be forced into national bankruptcy. Under Biden, this could conceivably happen.
So what is your remedy for preserving your capital wealth? 90sCane has written very cogently on the topic of owning rental real estate. I think his plan is very shrewd. Hard assets have tangible value such as gold and other precious metals along with gemstones. It’s a shame that Pinellascane no longer offers his insights. A college professor, and long time banker, Pinellas understood money better than anyone who ever participated on this board. Some of his posts were among the most edifying posts ever. Obviously, he was a great teacher. During football season, Pinellas lurks on this forum. I wish he’d return and impart more sage advise. I miss him immensely.
Agreed. 100%
Very well stated. I’d add:
Who cares who the president is, let’s just hope this doubles from last year. As well as let’s hope the monetary policy established rids us of the inflation. Lastly, we all know the facts between pub and dem presidents since the 1950s. Democrats always have better economies than pubs, even tho pubs will try and lie otherwise.
1 Like
There is so much wrong with this, but when we point it out each time…you just ignore it and move on. Never change an opinion or anything.
Waste of time.
1 Like
That’s not true at all. 6 of the 9 points were done early enough. You can chalk up the 2 executive orders and the Infrastructure Act for future growth.
That’s false. They IRS has been advancing the tax credits to Americans for the last 6 months.
Read up on the American Rescue Plan. More money = more stimulus.
1 Like
Biden doesn’t have an open border policy. 2021 saw the fewest amount of refugees admitted since 1980.
From the Cato Institute:
Practically since his first week in office, President Joe Biden has faced repeated criticisms from Republicans and some that his border policy amounts to “open borders.” This criticism is not simply inaccurate: it is unhinged from reality in a way that distinguishes itself from normal political hyperbole. Indeed, U.S. immigration policy is effectively closed borders, and Biden’s immigration policies and goals are largely the same as those of President Donald Trump.
https://www.cato.org/blog/bidens-border-policy-not-open-borders
2 Likes
What is the number of illegal immigrants crossing the Mexican border?
By all accounts it is higher now than ever before. Have you read accounts of the border towns? It’s utter chaos right now.
October 2021 saw a record number of crossings. These refugees are getting shipped to cities near you with little to no information on who is coming in and how many. I just posted a link to a NY Times article in another thread in response to Warden and he conceded the point.
2021 is also seeing a record number of arrests, and a record number of immediate deportations (Title 42). Biden is Title 42ing more people than Trump.
Keep in mind, I’m not saying there isn’t an immigration crisis, I’m saying Biden doesn’t have an open border policy. He’s kept up the Trump policies for the most part.
An estimated two million illegal aliens have crossed our border since Biden took office. His disregard for immigration law will be the chief reason for his impeachment which indubitably will happen once Republicans secure a majority in the House. Additionally, you can bet the farm that a select committee will be formed to investigate Hunter Biden and the source of Biden family wealth.
I would hope that all welfare be cut off to illegal aliens which would result in many of them returning home This occurred during the Eisenhower years and would work well. Additionally, hundreds of thousands should be deported. Illegally crossing the border is most assuredly a crime, and it is morally wrong to allow criminals to enter the country and step in line in front of those persons entering the country LEGALLY. The Democrats are all for protecting the sovereignty of Ukraine but don’t give a rat’s ass about the sovereignty of the USA.
As for the market reaching historic levels, the market has moved upward due to inflation, just like the prices of your homes, but if you take more than cursory look at the market, you’ll see that the high share prices will contract substantially as higher interest rates curtail economic activity. Same for home prices. IMO, it is a good time to take profits and shift portfolios to value stocks that have a record of withstanding the vagaries of the market. Already, we are seeing companies crumbling. Take a look at the haircut in share prices of Carvana and Netflix. Look at the huge value depreciation of crypto currencies. For my own part, I have a group of friends, and we’re developing a strategy for shorting different sectors of the market. As I wrote in a former post, inflation will demonstrably affect many Americans, because buyers haven’t the resources to buy. Their lifestyles are impinged by the cost of necessities such as transportation, housing, food, and utilities. Higher taxes on individuals and corporations will do nothing but exacerbate the struggle of middle class Americans. Hence, I predict downward mobility of the middle class into the less fortunate class.
With regard to student loans, they should not be forgiven unless those who worked diligently and paid off their loans get a refund of their monies. Why reward those who neglect repayment. Presently, there are too many colleges and universities in the U.S. I predict in the next few years, we’ll witness the closures of many higher education schools. Sanity will return all of a sudden come to those living in a dream world who’ve paid for worthless degrees, those in which students have acquired no practical skills. They’d have fared better had they undertaken vocational training, starting their own businesses.
Not too long ago, Ann Coulter made a comment about what may happen to the U.S. given the porousness of our borders. Our nation will be flooded by persons of low aptitude, poor education, diseased, dangerous, and generally undesirable immigrants turning America into a Third World Hellhole. I share Coulter’s view. This is what Biden and the Marxist Left are doing to the greatest nation ever conceived by mankind.
It is quite ridiculous saying Biden doesn’t have an open border policy. Biden has turned over our immigration program to the Mexican Cartels. The Cato Institute doesn’t know squat. You’d have ask the cartels about the border since they are now in charge of it. You’d have to be moron to declare that we don’t have open borders. Tell that to the people who live along the border. I think they’d vociferously disagree with you.
I’m sorry, but this is playing semantics.
There are push and pull factors for illegal immigrants to come into the United States. Whether Biden has changed an official policy or not, those pull factors are incentivizing folks to come into the US.
The numbers speak for themselves. And whether they arrest a record number of people or not, they are also allowing a record number into the country, many of whom get lost in the system and end up somewhere in our nation.
You sound like you are defending the immigration crisis under Biden versus what we saw under Trump.
It’s not remotely the same.