Don't Give Trump Credit for the Success of the Biden Economy
Trump will inherit "the strongest economy in modern history," "an economy primed for growth," "booming markets and solid growth," an economy that is "pretty damn good," and investments "flowing" to "rural and manufacturing communities."
In short: Incoming presidents who defeat an incumbent party are rarely dealt so strong a hand.
All that's left is for President-elect Donald Trump to put his name on it — if he wants.... And he certainly will.
Trump won the White House in large part because of voters' frustration with high prices and a sense that the United States needs major changes. But when he enters office in January, Trump will inherit an economy primed for growth.
The unemployment rate is low, inflation is easing and Biden's administration has teed-up a ready-made list of infrastructure projects that will go from theoretical to reality over the next several years. There's the TSMC computer chip plant in Arizona, the new Hyundai electric vehicle factory in Georgia and a modernized I-375 in Michigan, among thousands of projects under way that will take years to complete.
All of that means it could be Trump, rather than Biden, who gets to tell Americans that he built the country back better. If he decides to let the projects proceed, that is.
Biden, himself, acknowledged last week that the positive economic impacts from his policies would occur after his term ends in January.
"Much of the work we've done is already being felt by the American people, but the vast majority will not be felt, will be felt over the next 10 years," he said in remarks in the Rose Garden. "It's going to take time, but it's there. The road ahead is clear."
Trump wants to reverse Biden's policies, but construction is already ongoing.
While Trump on the campaign trail railed against Biden's record, he has offered few details on what initiatives he might scrap. Trump said in September that he would "rescind all unspent funds under the misnamed Inflation Reduction Act " and said on Joe Rogan's podcast that tariffs would do more for manufacturing than the funding provided by the CHIPS and Science Act.
Natalie Quillian, a deputy chief of staff for Biden's White House, said that the administration's programs are already starting to make a positive difference for the economy.
"We have already announced investments for 70,000 infrastructure and clean energy projects, catalyzed nearly $1 trillion in private sector investment, lowered prescription drug prices, and created 1.6 million construction and manufacturing jobs," she said. "Over the coming months, we will continue to run through the tape and ensure Americans benefit from this president's agenda for years to come."
Biden funded new factories and infrastructure projects, but Trump might get to cut the ribbons...
Trump is entering the White House as the economy is improving
Trump is also inheriting by many measures an increasingly healthy economy, despite his claims that conditions are miserable.
He won the election with the unemployment rate at a healthy 4.1%, inflation at 2.4% and the Federal Reserve cutting its benchmark rates in ways that could support additional growth. Federal Reserve Chair Jerome Powell summarized the situation last week by saying the economy is "strong overall."
Trump today. "Inflation 2.4% and unemployment rate 4.1% our country is in a desolate depression".
Trump the day after inauguration? Unemployment rate 4.1 and inflation 2.4 %.. "look at how I brought this country back, we're thriving". Mark my words
..
What a contrast to what then-President-elect Biden inherited an economy from President Trump in shambles with the greatest economic collapse in the post-World War II era due to COVID.
However, by, contrast, Trump is receiving the strongest economy in modern history which is the envy of the world. Despite understandable concerns about post-Covid inflation, prices continue to fall as wages rise. Trump will likely claim he waved a magic wand on January 20 and the economic clouds cleared...
"The Biden economy, at its worst in fighting post-Covid supply chain snags, was not even one third of the worst inflation the U.S. has battled. But the Biden Administration worked to fight inflation by resolving the surge of a reopened economy with over 100 ships backed up in the Los Angeles harbor waiting a month to unload cargo in 2021 with parallel conditions in harbors, railroads, and airports around the nation"
Many Americans are still surprised to learn that the U.S. economy has seen unrivaled growth under the Biden Administration. Both the World Bank and the International Monetary Fund have had to increase their growth estimates for the American economy, surprised by its resilience and superiority over every developed country. Unemployment is at record lows. Nearly one million manufacturing jobs have been added. Financial markets have notched 80 record highs. Oil and natural gas production is higher than ever before, and nearly one-third higher than Saudi Arabia and Russia.
Between the Bipartisan Infrastructure Act, the Inflation Reduction Act, and the CHIPS Act, Biden's legislative legacy is poised to create millions of new jobs in the years ahead, on top of the 16 million net new jobs already created, in stark contrast to the net loss of over 2.7 million jobs during Trump's presidency.
The elephant in the room is supposed to be inflation. Wage growth has now outpaced inflation for 18 consecutive months. American paychecks are expected to recover from the inflation erosion of the pandemic by June. Workers in industries as far ranging as dockworkers, aerospace, automotive, and trucking enjoyed pay and benefits increases.
And the groceries?? Well they were recently projected by the Bureau of Labor Statistics to be growing at annual rate of 1.1%." However, Walmart, Target, Amazon (via Amazon Fresh and Whole Foods), Kroger, Walgreens, and Aldi have slashed prices on tens of thousands of goods by 10-30% in most cases."
Many have even doubled down amid competition for consumers. Target cut prices on another 2,000 goods ahead of the holiday season and promises 2,000 more before the end of the year. Walmart launched a new private label brand, called "bettergoods," which offers 70% of daily goods for less than $5.
"The cost of milk, meat, bread, beverages, fresh fruit and vegetables, diapers, paper towels, toilet paper, and much more have notably fallen as a result. Consumers have taken notice, too. Walmart and Target have seen heightened demand for their goods because of price rollbacks and expect demand to continue into the future."
"Input prices are coming down because Biden has successfully led the U.S. economy through unprecedented supply chain disruptions, the primary cause of the historic price inflation."
Trump will likely attempt to claim credit as wages continue to recover from pandemic-led inflation and as the prices of everyday goods continue to fall. He will attribute credit to his "America First" agenda, aggressive tariff policy, and self-ascribed supernatural market powers.
However, let's register the history right now for accuracy. There is no question as to whom that credit should go: President Biden and his administration.
https://apnews.com/article/biden-trump- … 16e6d88af3
https://www.presidency.ucsb.edu/documen … en-economyTrump always take credit for the efforts of others while not taking responsibility and blaming others when he screws up.
What began in 2017 in the two years Trump was saying that the economy was great only that he was coasting on the efforts of Barack Obama 8 years of digging the country out of another GOP ditch. The only thing that Trump can truly say that he owns was the pandemic and his mostly inadequate response to it. So, I am not surprised that he is going to take credit for Biden's accomplishments while doing absolutely nothing.
He is truly a scoundrel for which there can be found no equal...
America today is in trouble in a way that is unprecedented thoughout its history
The title of this thread is so appropo....,Sounds to me like Biden is making hay from the policies and changes that Trump made the first time around, in spite of dismantling most of them.
Given that, why not put the credit where it is due, on Trump. Certainly Biden did nothing at all to better the economy, unless you want to count a higher GDP from the results of inflation as being "better".You're absolutely right that many of the economic benefits we're seeing now can trace their roots back to policies implemented during the Trump administration. For example, the Tax Cuts and Jobs Act (TCJA) of 2017 reduced corporate tax rates and incentivized domestic investment, creating a ripple effect that spurred growth and job creation, which persisted into Biden's term.
Trump's efforts to renegotiate trade agreements, like the USMCA (United States-Mexico-Canada Agreement), established a more balanced trade framework that has continued to benefit American workers and industries. Even though the Biden administration may take credit for ongoing GDP growth, it’s clear that much of this stems from the strong foundation laid by Trump's deregulatory efforts and economic reforms.
Trump’s energy policies made the United States a net energy exporter for the first time in decades, and that achievement had a stabilizing effect on energy prices both domestically and globally. By prioritizing energy independence through the expansion of oil and natural gas production, Trump reduced America’s reliance on foreign energy imports. This not only strengthened the U.S. economy but also provided a buffer against global energy price volatility.
When you have a strong domestic energy sector, prices remain more resilient to external shocks like geopolitical instability or OPEC's supply decisions. Under Trump, increased production from the U.S. shale boom kept global oil prices more competitive, benefiting American consumers at the pump. Natural gas exports also surged, giving the U.S. more leverage in global energy markets while lowering heating and electricity costs at home.
Under Biden, despite inheriting this advantage, policies aimed at restricting new oil and gas leases and curbing fossil fuel development led to reduced supply over time. Couple this with a rebound in post-pandemic demand and geopolitical crises, like the Russia-Ukraine war, and the conditions for price hikes became inevitable. While Biden tried to manage the situation, such as releasing oil from the Strategic Petroleum Reserve, the lack of a robust supply base exacerbated the issue.
In essence, Trump's groundwork of energy abundance acted as a counterweight, slowing the rise in prices even as Biden’s policies nudged them higher. Without that prior production and export capacity, Americans likely would have faced even steeper increases in fuel and energy costs.
Giving credit where it’s due only makes sense—it was Trump’s forward-thinking policies that helped to stabilize and build momentum in key sectors of the economy.Trump administration. For example, the Tax Cuts and Jobs Act (TCJA) of 2017 reduced corporate tax rates and incentivized domestic investment, creating a ripple effect that spurred growth and job creation, which persisted into Biden's term.
"The tax legislation that President Donald Trump signed in December 2017 significantly reduced federal revenues, with the largest tax cuts going to the richest Americans. Following the enactment of these tax cuts, federal revenues fell dramatically as the Joint Committee on Taxation and Congressional Budget Office projected would occur at the time the law passed and they remain below projections of federal revenues made prior to their enactment.
Trump Administration officials claimed their centerpiece corporate tax rate cut would “very conservatively” lead to a $4,000 boost in household income. New research shows that workers who earned less than about $114,000 on average in 2016 saw “no change in earnings” from the corporate tax rate cut, while top executive salaries increased sharply. Similarly, rigorous research concluded that the tax law’s 20 percent pass-through deduction, which was skewed in favor of wealthy business owners, has largely failed to trickle down to workers in those companies who aren’t owners.
After slashing the corporate tax rate from 35% to 21%, Republicans promised companies would boost workers’ wages and jobs. What actually happened was corporations went on a massive stock- buyback spending spree, gave their executives huge bonuses, and kept worker wages flat.
Republicans claimed their tax cuts would benefit the middle class. But the top 1% receive on average a $61,000 tax cut, the top 0.1% each get $252,000, while the bottom 60% of families benefit by less than $1.25 per day.
Benefits of the business tax changes in Trump’s 2017 tax bill were costly and did not trickle down to workers and families.
https://www.americanprogress.org/articl … -benefits/Google U has truly failed you regarding what has resulted from Trump's tax cuts.
Trump's tax cuts, through the Tax Cuts and Jobs Act of 2017, brought benefits to various groups, including the poor, middle class, and small business owners. For lower-income earners, doubling the standard deduction meant many paid little or no federal income tax, while the expanded child tax credit provided additional financial relief for families. The middle class benefited from lower tax rates and an increased standard deduction, which allowed more families to keep a larger portion of their income. For small business owners, a 20% deduction on qualified business income encouraged growth and reinvestment. Corporations saw their tax rate drop from 35% to 21%, which spurred job creation and wage increases, indirectly benefiting workers across income levels.
We were fortunate that Trump’s tax cuts were still in place under Biden, especially during the economic challenges that followed the pandemic. With rising inflation and increasing costs of living, the reduced tax rates and higher standard deductions helped families and individuals keep more of their income when they needed it most. These measures provided a financial buffer, allowing Americans to better navigate difficult times under Biden without bearing additional tax burdens.
The Biden administration bears full responsibility for failing to address visible problems that could have been easily resolved. Instead, Biden and his team demonstrated ineptitude, floundering aimlessly and creating avoidable issues that led to significant and unnecessary hardships. I am so pleased to see Trump headed back to the White House, he is a man who prides himself on problem-solving. The Country will be restored.
Under Biden’s presidency, several factors have contributed to high food costs, including surging commodity prices, rising energy costs, persistent supply chain challenges, and broader economic trends. Prices for staples like wheat, corn, and soybeans have risen sharply, driven by global disruptions, the war in Ukraine (a major grain exporter), and increased input costs for farmers. At the same time, energy prices spiked, particularly in 2022, due to policies on domestic energy production, global supply constraints, and the Russia-Ukraine conflict. Higher fuel costs made transportation and logistics more expensive, which directly impacted food prices. Additionally, ongoing supply chain challenges, including worker shortages, port delays, and increased transportation fees, further compounded these issues. Government stimulus spending and monetary policies aimed at recovering from the pandemic also contributed to inflation, with food prices experiencing significant year-over-year increases, peaking at over 9%. While inflation has moderated somewhat in the past couple of months, food costs remain elevated compared to pre-pandemic levels.
This bunch almost brought the country down to its knees. I have never witnessed such ineptness, ever.
You're absolutely right that many of the economic benefits we're seeing now can trace their roots back to policies implemented during the Trump administration.
So Trump leaves office and the day that Biden claims that office the country goes down the drain according to the incessant whining of the Trump follower over the past four years. Yet now, when Biden has successfully brought this country through the impacts of the pandemic and economic indicators are trending in the right direction...it is suddenly due to Trump's actions during his first term? Lol
Someone please explain? The Trump policies laid low during the past 4 years only to make a startling come back in the last few months to rain down magic dust and make everything better?
Absolutely not.The country started going down within a month. Perhaps you need to check out the Trump policies Biden kept --- they kept us afloat.
There are several Trump-era policies that Biden didn’t bother to fully undo, and honestly, I think we were lucky they were still in place. Take the Tax Cuts and Jobs Act, for example. The lower tax rates for individuals and businesses remained, meaning people could keep more of their money during the tough times of rising inflation under Biden. Then there’s the USMCA, the trade deal Trump made to replace NAFTA. While Biden didn’t get rid of it, and it kept things steady with North American trade—something we needed when global markets were shaky.
Trump’s energy independence policies, though Biden has tried to scale them back, still gave us a solid foundation. Those energy policies helped offset some of the gas price spikes early on under Biden. And let’s not forget the China tariffs—Trump imposed them, and Biden kept most of them in place. While we may not have been thrilled with them at the time, they did help cushion us from some supply chain chaos and reliance on China. Oh, and Trump’s Opportunity Zones? They still existed, so businesses were still incentivized to invest in distressed areas, even as the economy faltered.
Now, for the icing on the cake, we’ve got Trump’s deregulation efforts. While Biden has tried to roll back some, much of the red tape-reducing groundwork Trump laid helped businesses stay flexible and keep things running. The farm subsidies Trump pushed during trade wars were also continued under Biden, which helped prevent even more chaos in the agricultural sector. And those small business relief programs Trump started during the pandemic? They gave a lifeline to many businesses, and Biden wisely didn’t completely scrap them.
Even the Veterans Affairs reforms Trump pushed through were kept, which ensured that veterans kept receiving the care they needed during all the turbulence. Lastly, Trump’s immigration policies were mostly maintained, even if the execution changed a bit. Border security stayed a priority, which, whether you agree with it or not, kept things somewhat stable. So, yeah, despite Biden’s efforts to take things in a new direction, we were pretty lucky that Trump’s policies were still in place—because without them, the economic challenges could have been even worse.
Honestly, without Trump’s policies still in place, things could have been far worse. So, while others might not have been paying attention to the policies that stuck around, I did, and it’s clear that those policies were a big reason we didn’t face even more severe economic hardships.
I have confidence Trump will pick up where he left off. It won't take magic dust, just a man who excels at fixing not breaking.
I don't know where you get your figures from, and don't really care.
What I do care about is that my food budget has increased 33% in the last 4 years, and that after taking out nice steaks, shrimp and other "goodies" that are nice (and expensive) but not necessary. Perhaps my WalMart was left out when they passed around the notice to cut prices.I also do our grocery shopping. Statements like those about groceries in the OP make me feel like the author is peeing on my pants leg and telling me it's a spring rain.
GAWalmart, the nation’s largest retailer, announced it will cut prices on thousands of products as a result of strong profits for the latest quarter and an easing of inflation...
Target announced it would cut prices on about 5,000 items, but ended up lowering prices on over 8,000 items
But let me guess, the effects won't be felt until January 21st 2025...lol
https://www.foodandwine.com/walmart-cut … ms-8697877Yes. they got the memo--- New guy in town, and the Trump effect is working like a charm. Loving this.
This is from early August. Trump will not receive credit for anything that is not directly related to policy.
Oh and you feel yours is the last word? Again how old are you? Maybe you need to get the word out, and tell all "Trump will not receive credit for anything that is not directly related to policy."
Biden sunk our economy, and it was all due to his rediculous policies.Why would anyone give him credit for anything that wasn't directly related to an action?
2.7 million jobs were lost under Trump's watch...One needs to look at the whole picture --- I understand that you are not aware of much beyond left media, and it is very understandable. However ---
Under Trump, the U.S. economy saw a variety of job market shifts. The overall number of jobs lost during his term was significantly impacted by the COVID-19 pandemic. In 2020, job losses were extreme due to the pandemic and associated lockdowns, with the U.S. shedding over 20 million jobs at the height of the crisis in April of that year. However, prior to the pandemic, the job market had seen steady growth, with the economy adding millions of jobs, and unemployment rates reaching historic lows, particularly among minorities.
By the time Trump left office, the economy had begun to recover, but the job market was still facing the effects of the pandemic. While he had presided over a strong labor market for much of his term, the pandemic-induced shutdowns created an exceptional crisis that led to significant job losses. The recovery began in 2021, though the total jobs lost during Trump’s presidency were largely due to the pandemic’s onset. His economy was one of the best we have seen in decades.
I feel a bit sorry for those who can so easily be led to believe up is down. But facts are facts, stats are stats."By the time Trump left office, the economy had begun to recover"
Where are those stats? So you're essentially saying that after Trump left office there were no lingering impacts of the pandemic into the Biden administration? Trump is not responsible for the enormous job loss due to the pandemic but there were no effects of the pandemic on the Biden administration?It is clear Trump handled the economy well for the year he was in office. Too bad Biden did not have the smarts to work on recovery rather than demolishing it.
I thought was clear. I said nothing about lingering impacts. " By the time Trump left office, the economy had begun to recover, but the job market was still facing the effects of the pandemic. While he had presided over a strong labor market for much of his term, the pandemic-induced shutdowns created an exceptional crisis that led to significant job losses. The recovery began in 2021, though the total jobs lost during Trump’s presidency were largely due to the pandemic’s onset. His economy was one of the best we have seen in decades.
Too bad Biden could not build on Trump's already recovering economy.
When Donald Trump left office on January 20, 2021, the U.S. economy was in the midst of the COVID-19 pandemic, with the following key statistics: It was showing recovery.
GDP Growth: The U.S. GDP contracted by 3.4% in 2020, the largest decline since World War II. However, this was largely due to the pandemic-induced lockdowns and economic shutdowns.
Unemployment Rate: The unemployment rate was 6.3% in January 2021, having peaked at 14.7% in April 2020 during the initial stages of the pandemic. While it had decreased significantly from the peak, the labor market was still recovering.
Stock Market: The stock market had rebounded strongly from its March 2020 lows. The S&P 500 was at 3,851 points on January 19, 2021, an increase of more than 70% from its pandemic lows.
Federal Budget Deficit: The federal budget deficit for fiscal year 2020 was $3.1 trillion, driven by massive government spending in response to the pandemic, including stimulus checks, enhanced unemployment benefits, and loans to businesses.
Inflation: Inflation was relatively low at 1.4% in 2020, but concerns about rising inflation began to emerge as the economy recovered and stimulus spending continued into 2021.
Debt: The national debt reached over $27 trillion by January 2021, a significant increase from the $20 trillion in 2016. This was partly due to pandemic-related spending and tax cuts.
These figures represent the economic environment Trump faced when he left office, marked by significant challenges from the pandemic but also signs of recovery, particularly in the stock market"Trump's economic record ranks near or at the bottom compared with other presidents," concludes Moody's chief economist Mark Zandi, who compared the economic results of all presidents from the last 70 years. "The economy under his watch has performed very poorly."
Trump's record offered little legitimate grounds for boasting before the pandemic. The persistent growth in output and decline in the unemployment rate during his first three years extended trends in the recovery from the Great Recession that he inherited from Obama.
The counter-productive tariff wars Trump initiated quickly offset any short-term benefit from the tax-cuts and the administration's deregulation push. That's why trump, to avoid further damaging the economy in his re-election year, called a truce with China in January without obtaining the structural reforms he had demanded from Beijing. Trump earlier threw away leverage by abandoning the Trans-Pacific Partnership with allies that the Obama administration had negotiated.
Among Trump's "very serious policy mistakes," Zandi said, were his attacks on international and domestic institutions. They include "actively trying to undermine" the Fed's independence.
Trump can accurately point to above-average financial market gains. Through November the S&P 500 had risen by an average of 14.34% per year during his term, slightly more than the 12.43% under Obama.
But those gains were largely been driven by rock-bottom interest rates, which drive investors into stocks in search of higher returns. And the benefits of those gains accrue largely to the most affluent Americans who own most of the stocks.
Actually, the Trump economy sucked.
Why don’t we start by talking about inflation? People I’ve talked to have often complained about the expense of necessary groceries. Milk, fresh fruit and meat have increased in cost, but things were not better under trump. The consumer price index, which tracks the price of food in U.S. cities, shows that the price of food went up by 9.14% during Trump’s presidency, which is faster when compared to the cumulative 7.71% inflation rate in the same period.
The price of a house also went up faster than inflation during Trump’s administration. Housing prices went up faster every year of his presidency except in 2018. According to the Federal Reserve Bank of St. Louis, the median price of a house rose 8% under Trump which includes the beginning of COVID-19 when the increase in home prices and rent slowed down.
Rent went up faster in U.S. cities all four years of the Trump administration. On average, renters paid 13.6% more in rent when Trump left office than when he came in. So when you look at the facts, Trump failed to beat inflation.
Trump also slashed the budget for affordable housing. According to the American Bar, Trump took a huge chunk of money, about $10 billion, from our country’s public housing agency in 2020.
Then, when it comes to healthcare, Trump didn’t fare any better. According to the Kaiser Family Fund, 18 million Americans gained health insurance coverage in the three years before Trump’s presidency. Trump reversed the trend, with millions losing healthcare in his first three years. By the end of his term, health insurance costs had soared by 23%, far outpacing the average American’s 6.81% increase in weekly earnings.
Under Trump, food got more expensive, housing prices and rent went up, people lost their healthcare and the general cost of living went up faster than their wages. There was no “great Trump economy;” that’s just a myth. As people, we shouldn’t be trying to go back to trump’s economy, especially when there’s nothing good to go back to.
https://www.americanbar.org/groups/crsj … d-housing/
https://www.heritage.org/trade/commenta … llion-2018
https://www.aei.org/articles/this-is-no … s-economy/Don’t waste your time comparing economies. No president in my lifetime has had to navigate a global pandemic like Trump did. I’ve already shared stats showing just how strong the economy was even in his last full year, despite the pandemic’s challenges. Yet, you keep bringing up the same economists—those very experts who predicted Biden's economy would be "great." Well, we all know how that turned out.
I think it’s arguable that Trump's previous economy is one that a majority wouldn’t want to return to. His economy was strong in many areas, but there were also some key challenges that could not be ignored. For example, job growth was robust pre-pandemic, with the unemployment rate reaching a historic 3.5% by the end of 2019. Wages were rising for many workers, and GDP was growing at a steady pace. However, the pandemic hit, and the economy experienced one of the sharpest downturns in modern history, with millions of jobs lost and businesses shuttered.
This is part of why I frequently ask about your age—it helps frame the discussion. Trump's economy was indeed quite strong before the pandemic. But, it seems like you may not have been as involved in managing your own responsibilities at that time, which could make it harder to fully appreciate how well the economy was performing for many Americans. It's a nuanced situation where understanding the broader context really matters.Yet, you keep bringing up the same economists—those very experts who predicted Biden's economy would be "great." Well, we all know how that turned out.
Really? Because I just cited Heritage and the American Enterprise Institute both of which are conservative.The American Bar Association (ABA) is often perceived as leaning to the left, primarily due to its support for policies that promote diversity, inclusion, and social justice, as well as its advocacy for certain progressive legal reforms. My stats are from the Fed. not interested in anything but the bottom line.
Instead of folks constantly labeling organizations right or left out of hand, dismissing them without even considering the information they are putting forth is not very helpful.
If there is contention or disagreement with statements or information put forward by ANY outlet, they can easily be fact checked. Simply dismissing sources or information from very credible organizations seems like a canned response to avoid actually looking and learning. I will take notice or issue with certain information that may be published by particular sources but I most certainly will not dismiss any source before looking... With one exception potentially being the epoch times.As I mentioned, my statistics come from federal agencies, which are available online. There's no need to rely on opinion pieces that often skew information to fit a particular narrative.
One doesn't need statistics to compare the economic differences between Trump's administration and Biden's. Under Trump, the statistics reflected what citizens actually felt: more money in their pockets, with no significant rise in costs for food, energy, and other essentials. In contrast, during Biden's four years in office, we've seen substantial increases in what we pay for food, gas, housing, insurance, travel—just about everything. While the last couple of month's statistics may show a "better" economy via stats, they fail to capture the reality that we're still paying much higher prices for necessities.
"I understand that you are not aware of much beyond left media, and it is very understandable. "
Excuse me?
So it's still raining . . . Either my wallet is lying to me, or my grocery items are so weird that I miss all those reduced-price items.
The sarcasm of your "LOL" gives the impression I'm just waiting to give Pres. Trump credit for all those reduced prices. If I start to see some, I just might. Until then, it's BS no matter who's taking credit.
GACurrent food prices have nothing to do with the president, past, present or future. Food prices are affected by shocks that are external. A lot of it comes down to market forces.
It's interesting that Trump following folk want to release him from the responsibility of losing 2.7 million jobs under his watch because of covid but Biden must be nailed to the wall in terms of grocery prices...
Why would you be willing to give Trump credit for falling grocery prices as the result of a continuing trend of falling prices having nothing to do with any action on his part?"Food prices are affected by shocks that are external."
I cannot believe even you think that is true. As trucker wages rise, so does transportation of our food, and the price we pay. As the grocery boy stocking shelves gets more money for his work, the price of groceries goes up. As the electric bill for the store rises, so does the cost of groceries. As the price of empty tin cans rises, so does the cost of the food inside it. When the packing plants are closed the price of ham goes up; same for dairy products. When we kill off millions of egg laying chickens the price of eggs goes up. There is zero doubt in my mind that you know these things - why then do you deny them?
It is foolish in the extreme to think that the reasons for our food price inflation is all external. Precious little of it is - even the cost of diesel to plow the fields with has only a portion of the price emanating from external sources.Everything you mentioned is an external shock...
You have a strange concept of what is "external". Do you view that term as meaning external to your body? To your household?
Because they certainly are not external to the United States!
I didn't lay blame for the inflated prices, I simply noted that I'm still paying them. The 'jobs' point is another discussion. We seem to be having enough trouble with this one, you can make that one next.
To your 'why would I' question, the 'would' was a 'just might' and I would answer "Why wouldn't I? This administration has been touting 'prices are coming down' stats for about a year now, and offering 'stats' (falsely presented? price direction :: increase rate) that insist I don't know what I'm talking about, the real dollars I pay aren't the real measure to use, is still pee.
GA
Yes, it's pouring, a 4-year downpour. But "hold on Biden's bringing down all that we have needed to pay tons more for---" Yeah "hold on he's come" ---
Just keep that in mind.
Food prices in 2024 are significantly higher compared to what we had during Trump's presidency. In December 2020, the average cost of a dozen eggs was around $1.47, but by late 2023, it had surged to $4.17, and prices are still elevated now. Milk has gone from $3.35 per gallon in 2020 to about $4.50 today, and bread has risen from $2.50 per loaf to $3.50 or more in many areas. Google U...
It’s not just food; it feels like the cost of all commodities has gone up. Energy, housing, and other essentials have also seen increases that put additional strain on everyday budgets. These price hikes are a stark reminder of how much more expensive life has become over just a few years.
It is the same case all over the world. Inflation, inflation, and more inflation!!! Food budgets have gone 50% higher than in the last four or five years.
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President Donald Trump is Time's Person of the Year
by Readmikenow 3 weeks ago
Nobody deserves being made Time's Person of the Year more than President Donald Trump."For those who believe this is all for the better, Trump’s victory represents a long-overdue rebuke to an entrenched and arrogant governing class; for those who see it as for the worse, the destruction...
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Danger: Biden's Presidency akin to the Weimar Republic redux?
by Credence2 10 months ago
I was disturbed by an article I had recently read. The main theme emphasizing similarities between the current administration and the period during the 1920's after WWI and before the deluge of Hitler's ascendency in Germany. Yes, the article is from Salon but its content is still food for thought....