Inflation's not so bad..

[taiwan_girl]

@Mik 555 Sometimes it is tough to be the only sane voice in the crowd!!!! But I am willing to do the challenge!!

@jolly Yup, you are right, we have talked about this quite a bit. I remember going back and forth with @Larry on this. He never answered my question, so I will ask you.

What are your to five indicators of strength/weakness of the United States economy?

growth?
inflation?
unemployment?
interest rates?
stock market return?
job growth?
trade balance?
optimism?
etc etc etc

I am (semi LOL) confident that whatever five QUANTATIVE data point you pick, you will find that historical, there is not much difference between the times a Democrat and Republic were president. In fact, it may be that things actually go better under a Democrat president.

If I am wrong and I am in Louisiana, i will buy you lunch! LOL

Obviously, it is impossible to measure the QUALATIVE things. That is where I have said before that the President is like a cheerleader. He can sometimes help move things by optimism and force of personality.

Just like why some sports teams do better under a certain coach vs. another even with the same players. Or certain military leaders have soldiers under them much more willing to do things.

To beat the horse, I have never say that the president does not effect the US economy. Only that their role is not as much as people seem to believe.

[Jolly]

Moderate growth, low inflation, low unemployment with decent wages, reasonable interest rates and high optimism.

[Mik]

TG, you discount the prime mover of markets - confidence. That is where the criticism of Biden comes in. He talks a strong economy and pro business, but his actions say otherwise.

[Axtremus]

@Mik said in Inflation's not so bad..:

… the prime mover of markets - confidence. …

Do you have an objective measure for “confidence”, or is it just your personal feeling?

[Jolly]

@Axtremus said in Inflation's not so bad..:

@Mik said in Inflation's not so bad..:

… the prime mover of markets - confidence. …

Do you have an objective measure for “confidence”, or is it just your personal feeling?

Jon might. But if you don't understand the concept, you don't understand people.

OTOH , we already knew that...

[Aqua Letifer]

@Jolly said in Inflation's not so bad..:

@Axtremus said in Inflation's not so bad..:

@Mik said in Inflation's not so bad..:

… the prime mover of markets - confidence. …

Do you have an objective measure for “confidence”, or is it just your personal feeling?

Jon might. But if you don't understand the concept, you don't understand people.

OTOH , we already knew that...

I was gonna say, is that even up for debate?

[taiwan_girl]

@Mik said in Inflation's not so bad..:

TG, you discount the prime mover of markets - confidence. That is where the criticism of Biden comes in. He talks a strong economy and pro business, but his actions say otherwise.

I agree. That is where the "cheerleader" part comes in.

So, I believe that my original point still holds.

The Republics do not automatically have better economic "cheerleaders" then the Democrats (and opposite is true also).

So saying that economic life under a Democrat president is always going to be better/worse than if it were a Republic president doesn't work for me. Especially now - the US is a smaller and smaller part of the world economy and yet, the US economy is more woven into the world economy.

US 1990's - tremendous economic growth. President Clinton's credit? Probably not.

China goes to zero COVID and locks down their country ( and supply chains) and 2020 economy tumbles. President Trump fault? Absolutely not.

China remains in zero COVID with continued lock downs and supply chain disruptions. President Biden fault? Not really.

Russia invades Ukraine and causes that situation. President Biden fault? No. (I know some people will say that .....if only President Trump were in power, Putin never would have done that. I dont believe that, and it is impossible to prove a negative, so it is a discussion nobody can win.)

[Jolly]

You may be selling it, but most of us ain't buyin'. In your worldview, the President makes no difference. If that be the case, we waste a lot of time and money on elections.

[Horace]

I think TG is more interested in establishing to herself that nobody is able to convince her that presidents have a large impact on the economy. It's not about convincing anybody else of anything.

[taiwan_girl]

I guess I am like that guy that ran after windmills!! 555

[Mik]

@taiwan_girl said in Inflation's not so bad..:

I guess I am like that guy that ran after windmills!! 555

May I suggest a new avatar?