Bidenomics

[taiwan_girl]

@George-K said in Bidenomics:

Joe still has 8 months to catch the red man's gains.

But at the same moment in their President, President Biden has higher returns than President Trump.

But it will be difficult to have increases like the last months of President Trump term.

[George K]

@taiwan_girl said in Bidenomics:

the last months of President Trump term

Which were mostly a recovery from the COVID dip.

[taiwan_girl]

@George-K said in Bidenomics:

@taiwan_girl said in Bidenomics:

the last months of President Trump term

Which were mostly a recovery from the COVID dip.

Agree. But both of them are behind Obama, (who maybe is behind Clinton, etc.). To me, it just reinforce my thought that the president gets too much credit/too much blame for the economy.

[Axtremus]

@George-K said in Bidenomics:

@taiwan_girl said in Bidenomics:

the last months of President Trump term

Which were mostly a recovery from the COVID dip.

Or optimism buoyed by the expectation of the coming Biden Presidency!

[George K]

@taiwan_girl said in Bidenomics:

to me, it just reinforce my thought that the president gets too much credit/too much blame for the economy.

[George K]

[LuFins Dad]

@George-K said in Bidenomics:

Meh, prices did go down overall by a small amount, but not even close to a “plummet”. And almost all of the drop was precipitated by eggs, where production is finally getting back on track.

[George K]

"According to the report, they went down 0.02% for the first time in a year. So groceries that used to cost $155 cost $250 in March but “plummeted” to $245 in April! Huge savings! Huge! $5!!!!"

[Mik]

What bullshit.

[Jolly]

@Mik said in Bidenomics:

What bullshit.

I know they have to try, because some people are just that stupid, but just about anybody in the middle class has felt the pinch of significant inflation during Biden's term.

[taiwan_girl]

@George-K said in Bidenomics:

@taiwan_girl said in Bidenomics:

to me, it just reinforce my thought that the president gets too much credit/too much blame for the economy.

Why does he have red laser eyes?

@Larry and I went back and forth on this. I would ask him to give me his any five indicators of the economy (GDP grow, inflation, stock market, unemployment, etc etc etc) and I would pretty much show him that there was very little to no relationship between those and which party was the president. And I would get the typical Larry response: "If you are too dumb to understand that, then I'm not going to tell you." LOL

[George K]

@taiwan_girl said in Bidenomics:

I would ask him to give me his any five indicators of the economy (GDP grow, inflation, stock market, unemployment, etc etc etc) and I would pretty much show him that there was very little to no relationship

You may well be right. But James Carville will disagree, at least when it comes to politics.

Of course, politics might bear no relation to reality.

But in politics, perception is reality.

[taiwan_girl]

@George-K Agree. For probably the majority of people (and I dont really know majority % is) vote on emotional thinking rather than rational thinking.

[Doctor Phibes]

Somewhat related: I'm currently trying to hire - we're offering 6-figures for a basic engineering position. So far we've had all of two applicants, both referrals, and both only want to work remotely, which isn't going to happen.

[Axtremus]

@Doctor-Phibes said in Bidenomics:

Somewhat related: I'm currently trying to hire - we're offering 6-figures for a basic engineering position. So far we've had all of two applicants, both referrals, and both only want to work remotely, which isn't going to happen.

Have you tried offering 7-figures?

[Doctor Phibes]

@Axtremus said in Bidenomics:

Have you tried offering 7-figures?

I'd take the job if they offered that much.

[Jolly]

@taiwan_girl said in Bidenomics:

@George-K Agree. For probably the majority of people (and I dont really know majority % is) vote on emotional thinking rather than rational thinking.

Most of my income currently is fixed. If you don't think people in my situation have not noticed how their income has shrunk under Biden, you are delusional.

[taiwan_girl]

@Jolly said in Bidenomics:

@taiwan_girl said in Bidenomics:

@George-K Agree. For probably the majority of people (and I dont really know majority % is) vote on emotional thinking rather than rational thinking.

Most of my income currently is fixed. If you don't think people in my situation have not noticed how their income has shrunk under Biden, you are delusional.

I am not disagreeing. I am just saying that most people vote on emotion. I could post something about how the economy under Obama was better than under Trump, and there would be ALOT of people claiming otherwise. Or vice versa.

There was a chart I posted a while back (from the Customs/Border people) that showed that the number of illegal aliens coming into the US was basically flat from Obama through Trump. But many people will say that it was much lower under PResident Trump.

As @George-K says: politics is perception, and perception is not always reality.

[George K]

https://www.wsj.com/economy/stock-market-performance-biden-trump-charts-1a83371b

However, I've been assured that people don't live off of Wall Street.

[LuFins Dad]

@George-K said in Bidenomics:

https://www.wsj.com/economy/stock-market-performance-biden-trump-charts-1a83371b

However, I've been assured that people don't live off of Wall Street.

That adjusted for inflation chart is quite interesting.