Sat Apr 23, 2022, 10:07 PM

elleng (125,794 posts)

Biden's Economic Performance Has Proved Unbeatable.

No first-year president going back to Carter comes close to matching the current White House occupant’s No. 1 or No. 2 ranking in each of 10 key measures.

U.S. financial markets are outperforming the world by the biggest margin in the 21st century, and with good reason: America’s economy improved more in Joe Biden's first 12 months than any president during the past 50 years notwithstanding the contrary media narrative contributing to dour public opinion.

Exceptional returns from dollar-denominated assets, especially the S&P 500 Index in both absolute terms and relative to its global counterparts, can be attributed to record-low debt ratios enabling companies to reap the biggest profit margins since 1950. Corporate America is booming because the Biden administration's Covid-19 vaccination programs and $1.9 trillion American Rescue Plan reduced the jobless rate to 4.2% in November from 6.2% in February, continuing an unprecedented rate of decline during the Covid-19 pandemic.'>>>

https://www.bloomberg.com/opinion/articles/2021-12-20/president-biden-s-economic-performance-has-proved-unbeatable

13 replies, 1048 views

Thread info Bookmark this thread Trash this thread

Reply to this thread

Always highlight: 10 newest replies | Replies posted after I mark a forum

Replies to this discussion thread

13 replies	Author	Time	Post
Biden's Economic Performance Has Proved Unbeatable. (Original post)	elleng	Apr 2022	OP
Spread this news far and wide!	lapucelle	Apr 2022	#1
As long as he's vulnerable on the inflation	calguy	Apr 2022	#2
'vulnerable' if rationale and causation are not discussed.	elleng	Apr 2022	#3
It's an incredibly difficult situation for the Biden administration.	WarGamer	Apr 2022	#4
GREED is driving inflation, it's a BIG lie that prosperity is driving inflation.	elleng	Apr 2022	#6
'Corporate America is booming'	Celerity	Apr 2022	#5
It CAN be done, imo.	elleng	Apr 2022	#7
but that video is (rightly so) criticising the corporate 'booming'	Celerity	Apr 2022	#8
Right, Bob Reich was being polite in his words;	elleng	Apr 2022	#9
but your OP article is celebrating the corporate booming, thus my confusion now (and my saying	Celerity	Apr 2022	#11
Not celebrating.	elleng	Apr 2022	#12
Reich is spot on ( and doesn't rely on nuance) the article by Winkler not so much.	Celerity	Apr 2022	#13
I'd call it a mixed bag.	KentuckyWoman	Apr 2022	#10

Response to elleng (Original post)

Sat Apr 23, 2022, 10:16 PM

lapucelle (16,208 posts)

1. Spread this news far and wide!

Reply to this post

Response to elleng (Original post)

Sat Apr 23, 2022, 10:44 PM

calguy (4,564 posts)

2. As long as he's vulnerable on the inflation

The best numbers in history won't take away the attacks from the right.

Reply to this post

Response to calguy (Reply #2)

Sat Apr 23, 2022, 10:50 PM

elleng (125,794 posts)

3. 'vulnerable' if rationale and causation are not discussed.

Time for hard-hitting education, including change in terms= GREEDflation.

Reply to this post

Response to elleng (Reply #3)

Sat Apr 23, 2022, 11:17 PM

WarGamer (9,837 posts)

4. It's an incredibly difficult situation for the Biden administration.

It's like a train going down the track and a Y-junction is approaching. A left turn hurtles you off a cliff and a right turn hits an oncoming train.

To beat inflation, you basically have to create a recession. Because the prosperity itself... the success of the economy is what is driving inflation (for the most part).

JPow basically announced last week that mortgage rates will be 7-8% in 2024.

Reply to this post

Response to WarGamer (Reply #4)

Sat Apr 23, 2022, 11:29 PM

elleng (125,794 posts)

6. GREED is driving inflation, it's a BIG lie that prosperity is driving inflation.

https://m.facebook.com/watch/?v=281583490769969&_rdr

Reply to this post

Response to elleng (Original post)

Sat Apr 23, 2022, 11:19 PM

Celerity (39,035 posts)

5. 'Corporate America is booming'

probably not the best campaign slogan to run on

Reply to this post

Response to Celerity (Reply #5)

Sat Apr 23, 2022, 11:29 PM

elleng (125,794 posts)

7. It CAN be done, imo.

https://m.facebook.com/watch/?v=281583490769969&_rdr

Reply to this post

Response to elleng (Reply #7)

Sat Apr 23, 2022, 11:46 PM

Celerity (39,035 posts)

8. but that video is (rightly so) criticising the corporate 'booming'

Reply to this post

Response to Celerity (Reply #8)

Sat Apr 23, 2022, 11:52 PM

elleng (125,794 posts)

9. Right, Bob Reich was being polite in his words;

look at his pics. and this:

One big, largely ignored source of inflation: Corporate greed.…

https://www.facebook.com/watch/?v=326505992840417

Reply to this post

Response to elleng (Reply #9)

Sun Apr 24, 2022, 12:09 AM

Celerity (39,035 posts)

11. but your OP article is celebrating the corporate booming, thus my confusion now (and my saying

originally that running on 'corporate America booming' is hardly good campaign slogan)

your video contradicts the article

Reply to this post

Response to Celerity (Reply #11)

Sun Apr 24, 2022, 12:11 AM

elleng (125,794 posts)

12. Not celebrating.

I guess the nuance of his complaint is too subtle.

Reply to this post

Response to elleng (Reply #12)

Sun Apr 24, 2022, 12:16 AM

Celerity (39,035 posts)

13. Reich is spot on ( and doesn't rely on nuance) the article by Winkler not so much.

That is my point. Winkler is saying corporate America booming is good. Reich is critiquing the booming.

Reply to this post

Response to elleng (Original post)

Sun Apr 24, 2022, 12:01 AM

KentuckyWoman (6,540 posts)

10. I'd call it a mixed bag.

Business is booming so fast they can't hardly get enough product or labor. The economic statistics nationwide of now vs where we started in Jan 2021 are really breathtaking. It is fantastically good.

However, too many individuals are losing even more ground. Sure, that might be temporary, and yes it seems to be less that in other places of the world, but it's painful none the less.

What it says to me is we absolutely have to increase the margins in the House and Senate - win more local and state seats as well. Otherwise the existing safety net that covers the gap is won't be expanded and it's likely to be destroyed.

Reply to this post

General Discussion (Forum)