In spite of all the hopeful rosy hype, Bidenomics is failing miserably.

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mark francis

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pjmret said:
5 percent growth and less than 4 percent unemployment is a disaster?
You are an economic moron
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Leftist looting liars will lie about the facts but facts do not lie.

Yellen and rest of Bidenomics team ignore middle-class misery their policies create | Fox News 10-10-23

Yellen and rest of Bidenomics team ignore middle-class misery their policies create

Yellen promotes the burgeoning federal budget at the expense of family budgets​


Published October 10, 2023 5:00am EDT

'Not buying it': Biden's effort to tout Bidenomics falls flat

Patrice Onwuka of the Independent Women's Forum weighs in on polls showing Trump and Biden tied in a likely 2024 matchup and on Biden's effort to sell his economic message to voters.

Few people have done more to destroy the American middle class than Janet Yellen. Both in her former capacity as Federal Reserve chair and now as secretary of the Treasury, she has been woefully disconnected from everyday Americans and their current financial plight.

This arrogant detachment allowed her to recently declare that she sees no sign of a recession. Meanwhile, half of Americans feel like we’re already in one. That’s because their family finances have been devastated by the policies Yellen has helped to implement over the last 20 years, while she and her fellow elites have done quite well, being immune from the ramifications of their own actions.

The proof is in the numbers: While the top 20% of households still have about $500 billion of pandemic-era excess savings, everyone else has run out of money. The bottom 20% of households have not only depleted their excess savings, but also their savings that existed before the pandemic. Now, many American homes are falling into debt.
 
Phoenix68 said:
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Don't leave out the experts at Harvard and other reputable institutions.



Harvard, US Treasury Economists Forced to Admit Trump Tax Cuts Worked as Advertised (msn.com) 11-11-23

Harvard, US Treasury Economists Forced to Admit Trump Tax Cuts Worked as Advertised

Timothy Clary - AFP / Getty Images© The Western Journal

Economists from Harvard, Princeton, the University of Chicago and the U.S. Treasury concluded in a recent report the Trump corporate tax reform worked as advertised.

The Wall Street Journal's James Freeman wrote in a summary of the 51-page National Bureau of Economic Research report that the 2017 Tax Cuts and Jobs Act created a surge in business investment, which greatly benefited the economy.
 
mark francis said:
Leftist looting liars will lie about the facts but facts do not lie.

Yellen and rest of Bidenomics team ignore middle-class misery their policies create | Fox News 10-10-23

Yellen and rest of Bidenomics team ignore middle-class misery their policies create

Yellen promotes the burgeoning federal budget at the expense of family budgets

By Dr. Kevin Roberts , E.J. Antoni Fox News​

Published October 10, 2023 5:00am EDT

'Not buying it': Biden's effort to tout Bidenomics falls flat

Patrice Onwuka of the Independent Women's Forum weighs in on polls showing Trump and Biden tied in a likely 2024 matchup and on Biden's effort to sell his economic message to voters.

Few people have done more to destroy the American middle class than Janet Yellen. Both in her former capacity as Federal Reserve chair and now as secretary of the Treasury, she has been woefully disconnected from everyday Americans and their current financial plight.

This arrogant detachment allowed her to recently declare that she sees no sign of a recession. Meanwhile, half of Americans feel like we’re already in one. That’s because their family finances have been devastated by the policies Yellen has helped to implement over the last 20 years, while she and her fellow elites have done quite well, being immune from the ramifications of their own actions.

The proof is in the numbers: While the top 20% of households still have about $500 billion of pandemic-era excess savings, everyone else has run out of money. The bottom 20% of households have not only depleted their excess savings, but also their savings that existed before the pandemic. Now, many American homes are falling into debt.
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lies? lol

yes, facts don't lie

Real gross domestic product (GDP) increased at an annual rate of 4.9 percent in the third quarter of 2023

Total nonfarm payroll employment increased by 150,000 in October, and the unemployment rate changed little at 3.9 percent


only an economic moron would call that a "disaster".
but you are one :)
 
pjmret said:
lies? lol

yes, facts don't lie

Real gross domestic product (GDP) increased at an annual rate of 4.9 percent in the third quarter of 2023

Total nonfarm payroll employment increased by 150,000 in October, and the unemployment rate changed little at 3.9 percent


only an economic moron would call that a "disaster".
but you are one :)
Click to expand...
And yet bankers have had to deal with the US credit downrating due to the poor prospect of servicing the US debt under the current Biden plan. That is not good.
 
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pjmret said:
yes, 5% gdp and 3.9% unemployment is magnificant.
Click to expand...
Rosy prospects and hopeful cherry-picking of data will not satisfy fiscal managers needing to see some sort of reasonable plan for successfully servicing the US debt, which is not being seen at the present.
 
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