The United States has surged back!

Discussion in 'Economics & Trade' started by Natty Bumpo, Oct 11, 2023.

  1. Jack Hays

    Jack Hays Well-Known Member Donor

    Joined:
    Nov 3, 2020
    Messages:
    28,120
    Likes Received:
    17,783
    Trophy Points:
    113
    Gender:
    Male
    The facts are the facts.
     
  2. Media_Truth

    Media_Truth Well-Known Member Donor

    Joined:
    Dec 31, 2016
    Messages:
    3,634
    Likes Received:
    1,444
    Trophy Points:
    113
    Fact checks are fact checks.
     
  3. Jack Hays

    Jack Hays Well-Known Member Donor

    Joined:
    Nov 3, 2020
    Messages:
    28,120
    Likes Received:
    17,783
    Trophy Points:
    113
    Gender:
    Male
    And attacking the author is a way to avoid the facts.
     
  4. Media_Truth

    Media_Truth Well-Known Member Donor

    Joined:
    Dec 31, 2016
    Messages:
    3,634
    Likes Received:
    1,444
    Trophy Points:
    113
    It's an editorial. Editorials are opinions, and tend to be looked at as facts to some, and non-facts to others, depending on the person's opinion!
     
  5. Jack Hays

    Jack Hays Well-Known Member Donor

    Joined:
    Nov 3, 2020
    Messages:
    28,120
    Likes Received:
    17,783
    Trophy Points:
    113
    Gender:
    Male
    Some are data-based and some are not. I posted the former.
     
  6. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

    Joined:
    Oct 16, 2018
    Messages:
    26,111
    Likes Received:
    14,198
    Trophy Points:
    113
    Gender:
    Male
    That does not take into account the fact that he served only 4 yrs, while other big spenders like Reagan served 8. Trump spend in 4 yrs about the same as Obama did in 8, and ironically he campaigned on paying off the debt.

    I am not voting for either, but unfortunately unless Biden steps down, we will get one or the other
     
    Last edited: Mar 26, 2024
  7. Jack Hays

    Jack Hays Well-Known Member Donor

    Joined:
    Nov 3, 2020
    Messages:
    28,120
    Likes Received:
    17,783
    Trophy Points:
    113
    Gender:
    Male
    This is why I don't care much for the blame game on debt.
     
  8. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

    Joined:
    Oct 16, 2018
    Messages:
    26,111
    Likes Received:
    14,198
    Trophy Points:
    113
    Gender:
    Male
    Yea, both sides are hypocritical about blaming each other for it.
     
  9. Media_Truth

    Media_Truth Well-Known Member Donor

    Joined:
    Dec 31, 2016
    Messages:
    3,634
    Likes Received:
    1,444
    Trophy Points:
    113
    There is no "Blame Game". Building debt has been by design, for the Republican Party, since 1974, but mostly a little later, starting with Reagan. It was at that time that they invoked the "Two Santa Claus Theory".

    https://www.salon.com/2018/02/12/th...c-to-con-america-for-nearly-40-years_partner/

    First, when Republicans control the federal government, and particularly the White House, spend money like a drunken sailor and run up the US debt as far and as fast as possible. This produces three results – it stimulates the economy thus making people think that the GOP can produce a good economy, it raises the debt dramatically, and it makes people think that Republicans are the “tax-cut Santa Claus.”

    Second, when a Democrat is in the White House, scream about the national debt as loudly and frantically as possible, freaking out about how “our children will have to pay for it!” and “we have to cut spending to solve the crisis!” This will force the Democrats in power to cut their own social safety net programs, thus shooting their welfare-of-the-American-people Santa Claus.
     
    Last edited: Apr 1, 2024
  10. Jack Hays

    Jack Hays Well-Known Member Donor

    Joined:
    Nov 3, 2020
    Messages:
    28,120
    Likes Received:
    17,783
    Trophy Points:
    113
    Gender:
    Male
    That sort of partisan bilge is part of the problem, not the solution.
     
  11. fmw

    fmw Well-Known Member

    Joined:
    Aug 21, 2009
    Messages:
    38,336
    Likes Received:
    14,776
    Trophy Points:
    113
  12. Natty Bumpo

    Natty Bumpo Well-Known Member

    Joined:
    Nov 28, 2012
    Messages:
    41,501
    Likes Received:
    14,909
    Trophy Points:
    113
    Still looking good!

    April 5, 2024

    Jobs grew at a brisk pace in March, but wage growth was contained, confirming a belief among economists that the U.S. can continue to expand employment without fanning inflation.

    U.S. employers added a seasonally adjusted 303,000 jobs in March, the Labor Department reported Friday, significantly more than the 200,000 economists expected. The unemployment rate slipped to 3.8%, versus February’s 3.9%, in line with expectations...

    Fed Chair Jerome Powell in recent months has signaled, however, that he no longer regards strong hiring as something to fear. That is because the labor force has been growing steadily, largely due to a strong rebound in immigration. As a result, brisk hiring isn’t stoking concern on Powell’s part that the economy is at significant risk of overheating.

    “The economy actually isn’t becoming tighter, which it ordinarily would. It’s actually becoming a little looser, and you’re seeing inflation come down—very unusual situation,” Powell said on Wednesday.


    [https://www.msn.com/en-us/money/markets/us-economy-added-303000-jobs-in-march/ar-BB1l7JyC]


    unnamed.gif

     
    Media_Truth likes this.
  13. Media_Truth

    Media_Truth Well-Known Member Donor

    Joined:
    Dec 31, 2016
    Messages:
    3,634
    Likes Received:
    1,444
    Trophy Points:
    113
    The Biden team has demonstrated that they know how to keep our country on a positive track. When I compare to the mismanaged COVID crisis of 2019 and 2020, the unrest on the streets of the US, and the $8 Trillion in debt incurred under Trump; Biden is a God-send.
     

Share This Page