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

[the annoying thing]

High growth low unemployment is failing miserably? Lol

Yes its failing you left out huge unemployment from illegals high inflation so far for joeys term .

 

[pjmret]

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.

The debt isn't a feature of bidenomics in particular since we had huge debt under Trump too duh
Or was Trump doing bidenomics too lol

And gdp and unemployment aren't cherry picking they are key statistics
You are an economic moron

 

[pjmret]

Yes its failing you left out huge unemployment from illegals high inflation so far for joeys term .

3.9 percent is huge? Lol
You are also an economic moron

 

[pjmret]

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.

The debt issue isn't unique to biden

In a weird stroke of irony, the U.S. government’s credit rating was downgraded the same day that Donald Trump was indicted for a historic third time. A top official confirmed Wednesday that part of the reason for the downgrade was increased political divisions, as evidenced by the January 6 insurrection.

 

[pjmret]

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.

The Trump administration represents a risk to the international economy and global government creditworthiness, according to an unusually sharply worded report by Fitch, one of the leading credit rating agencies.

 

[pjmret]

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.

S&P rationale for the downgrade
edit
On August 5, 2011, representatives from S&P announced the company's decision to give its first-ever downgrade to U.S. sovereign debt, lowering the rating one notch to "AA+", with a negative outlook.[23][24]

Governance and policy-making stability
edit
S&P was direct in its criticism of the governance and policy-making process, which took the U.S. to the brink of default as part of the 2011 U.S. debt-ceiling crisis that same week:

 

[pjmret]

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.

On October 15, 2013, the credit agency Fitch warned that it might cut the U.S. credit rating, citing the political brinkmanship over raising the federal debt ceiling.[33]

On October 17, 2013, Dagong Global Credit Rating downgraded the United States from A to A- and maintained a negative outlook on the country's credit.[34]

 

[pjmret]

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.

July 2020, Fitch Ratings reaffirmed long-term foreign currency and local current default ratings at AAA but revised the outlook from stable to negative. Fitch noted that the US benefited from issuing debt in the world's reserve currency, but highlighted that the US government had the highest debt of any AAA-rated sovereign, and there was no credible fiscal consolidation plan in light of the economic shock caused by the Coronavirus disease 2019 pandemic. They predicted government debt to exceed 130% of GDP by 2021.[37]

 

[pjmret]

So debt concerns have been an issue for multiple presidents

 

[mark francis]

The debt isn't a feature of bidenomics in particular since we had huge debt under Trump too duh
Or was Trump doing bidenomics too lol

And gdp and unemployment aren't cherry picking they are key statistics
You are an economic moron

Democrats have spent more than $8 trillion in 4 years, plunging the US into unsustainable debt no matter who wants to blame whom.

 

[mark francis]

3.9 percent is huge? Lol
You are also an economic moron

The unsustainable debt is huge and the inflationary rise in interest rates has created the debt disaster we are now facing.

 

[mark francis]

The debt issue isn't unique to biden

In a weird stroke of irony, the U.S. government’s credit rating was downgraded the same day that Donald Trump was indicted for a historic third time. A top official confirmed Wednesday that part of the reason for the downgrade was increased political divisions, as evidenced by the January 6 insurrection.

Credit downgrade for U.S government threatens to put the squeeze on Washington and the average Joe - Washington Times

8-2-23

Credit downgrade for U.S government threatens to put the squeeze on Washington and the average Joe

By Alex Miller and Kerry Picket - The Washington Times - Wednesday, August 2, 2023

Fitch Ratings’ downgrade of the federal government’s credit rating is not just an embarrassing black eye for Washington; it also will hit the government — and possibly average Americans — in the wallet, economists say.

Fitch dropped the long-term foreign currency issuer default rating to AA+, a step down from the top-tier AAA rating, for only the second time in history.

Although the rating is still highly favorable, the drop could downgrade bonds and increase interest rates, said Chris Edwards, an economist at the Cato Institute. He said that could eventually lead to a debt “death spiral.”

---

​

 

[mark francis]

The Trump administration represents a risk to the international economy and global government creditworthiness, according to an unusually sharply worded report by Fitch, one of the leading credit rating agencies.

Trump cannot be blamed for our current national fiscal woes.

 

[mark francis]

S&P rationale for the downgrade
edit
On August 5, 2011, representatives from S&P announced the company's decision to give its first-ever downgrade to U.S. sovereign debt, lowering the rating one notch to "AA+", with a negative outlook.[23][24]

Governance and policy-making stability
edit
S&P was direct in its criticism of the governance and policy-making process, which took the U.S. to the brink of default as part of the 2011 U.S. debt-ceiling crisis that same week:

Kamala Harris Just Lit ‘Bidenomics’ on Fire

8-10-23

Kamala Harris Admits Economy Isn’t Working - During a visit to Philadelphia on Tuesday, Vice President Kamala Harris appeared to slam her own administration’s failure to improve the economy.

In a speech announcing an increase in minimum wage for construction workers on federally funded projects, Harris explained: “For far too long our economy has not been working for working people.Trickle down economics benefitted big corporations and the wealthiest Americans but not workers.”

Harris’s ability to capture voters' imagination is debatable, and she has been noted for her tendency to reiterate points and offer self-evident explanations when addressing the public. Nor is she particularly popular with the public, having consistently polled under 50% since 2021.

 

[mark francis]

On October 15, 2013, the credit agency Fitch warned that it might cut the U.S. credit rating, citing the political brinkmanship over raising the federal debt ceiling.[33]

On October 17, 2013, Dagong Global Credit Rating downgraded the United States from A to A- and maintained a negative outlook on the country's credit.[34]

1st time the American credit rating was lowered was under Obama. The second time was under Biden. Lying leftist looting Democrats blame Republicans for the problems that emerge in their administrations as the result of massive Democrat spending.