The Economy

[LLCox]

NO ONE in the Biden - Harris administration has said that the economy is “GREAT”.

You have here on Lit the democraps pushing all the lying statistics the administration puts out. Gloss over it all you want.

 

[Lazaran]

You have here on Lit the democraps pushing all the lying statistics the administration puts out. Gloss over it all you want.

“lying statistics” - like the jobs numbers that the MAGAts declared were "proof" of "something" because they were revised lower for certain months, but then, unsurprisingly, ignored by the MAGAts when they were revised higher for certain months…

There are many other examples.

 

[LLCox]

“lying statistics” - like the jobs numbers that the MAGAts declared were "proof" of "something" because they were revised lower for certain months, but then, unsurprisingly, ignored by the MAGAts when they were revised higher for certain months…

There are many other examples.

I'm not going to argue with you clowns. The economy is in the fucking toilet.

 

[Lazaran]

I'm not going to argue with you clowns. The economy is in the fucking toilet.

It is all relative.

 

[MajorRewrite]

I'm not going to argue with you clowns. The economy is in the fucking toilet.

Clown, you must live in an unusual area because where I live the signs of economic strength are everywhere. Lots of help wanted signs and ads. New homes built and sold. Expensive trucks selling.

It’s amusing that you’re so sure about your opinion, but have zero facts to back it up. You’re economically illiterate.

The Yahoo Finance Bidenomics Report Card

Grade: A

 

[SevMax2]

There is uneven progress. Areas that are economically weaker or are dealing with higher levels of inflation. There are likely some local economic trends at work. One should remember that the direct power of the Presidency and Congress over the economy is much less than most people realize. Your Governor, state legislature, mayor, county supervisor, city council, tax assessor, plus various private sector organizations, etc. can impact that very well, too. I live in a very clearly highly inflated part of the country, where people are still very much complaining about prices not returning to pre-pandemic levels or anything close. Also, yes, the Fed has an extreme amount of power over inflation, money supply, etc. It's literally part of its job.

 

[Bn2f]

‘Nobody Gave Me Sh*t!’ Trump Supporter Gets Salty When Asked About His Boat After He Says Things Are ‘Too Expensive’​

https://www.mediaite.com/tv/nobody-...t-after-he-says-things-are-too-expensive/amp/

Yes, I did post this link to highlight an out of touch boomer who was able to retire twice complaining but after watching the clip I feel I really need to warn my black friends NOT to ever find themselves alone on a boat surrounded by racist white folks.

 

[Pad_Foot]

But but but !! The price is Gas! eggs!! bacon !!

Inflation over time makes things cost more!
Candy bars used to be 25¢

But fuck let’s just compare over years and call that the inflation RATE

 

[RobDownSouth]

‘Nobody Gave Me Sh*t!’ Trump Supporter Gets Salty When Asked About His Boat After He Says Things Are ‘Too Expensive’​

https://www.mediaite.com/tv/nobody-...t-after-he-says-things-are-too-expensive/amp/

Yes, I did post this link to highlight an out of touch boomer who was able to retire twice complaining but after watching the clip I feel I really need to warn my black friends NOT to ever find themselves alone on a boat surrounded by racist white folks.

Oh I SAW that one!

What a maroon.

"Fuck y'all I earned both mah gummint pensions!"

 

[LLCox]

Clown, you must live in an unusual area because where I live the signs of economic strength are everywhere. Lots of help wanted signs and ads. New homes built and sold. Expensive trucks selling.

It’s amusing that you’re so sure about your opinion, but have zero facts to back it up. You’re economically illiterate.

The Yahoo Finance Bidenomics Report Card

Grade: A

YOU are not amusing and deserve zero response, son. YOU are the mouthpiece of the administration.

 

[MajorRewrite]

YOU are not amusing and deserve zero response, son. YOU are the mouthpiece of the administration.

You still can’t provide any facts to support your gibberish about the economy. Good job, clown.

 

[MajorRewrite]

Consumer Price Index measure of inflation goes down slightly to 2.4%

The Consumer Price Index (CPI) increased 2.4% over the prior year in September, a slight deceleration compared to August's 2.5% annual gain in prices.

https://www.bls.gov/news.release/cpi.nr0.htm

 

[lessOHmo]

Consumer Price Index measure of inflation goes down slightly to 2.4%



https://www.bls.gov/news.release/cpi.nr0.htm

Mental gimp cites fake news

 

[MajorRewrite]

Mental gimp cites fake news

moOHmo hates all signs of success in the economy.

moOHmo wants America to fail. It is a mental gimp.

 

[Buffalogurl]

Consumer Price Index measure of inflation goes down slightly to 2.4%



https://www.bls.gov/news.release/cpi.nr0.htm

Welp, do enjoy your day working your miserable, mundane and unpaid job paying off other people's debt and paying for the well-being of the illegal aliens sucking up valuable resources that hampers real Americans........

 

[RobDownSouth]

Welp, do enjoy your day working your miserable, mundane and unpaid job paying off other people's debt and paying for the well-being of the illegal aliens sucking up valuable resources that hampers real Americans........

"Thus spake the Orifice....err, Oracle...ORACLE, DAMMIT!....of White Grievances"

 

[MajorRewrite]

Welp, do enjoy your day working your miserable, mundane and unpaid job paying off other people's debt and paying for the well-being of the illegal aliens sucking up valuable resources that hampers real Americans........

Dear Weirdo,

You responded to an inflation report.

JFC, the weirdos are weirder than ever.

 

[LLCox]

“lying statistics” - like the jobs numbers that the MAGAts declared were "proof" of "something" because they were revised lower for certain months, but then, unsurprisingly, ignored by the MAGAts when they were revised higher for certain months…

There are many other examples.

Wasting my time.

 

[MajorRewrite]

Wasting my time.

Yes, that video is certainly a waste of time.

 

[butters]

https://www.msn.com/en-us/money/new...tp&cvid=4e68a70b90d54cf18d6ee626460b95f3&ei=6

The Consumer Price Index rose 2.4% in the 12-month period that ended in September, while a gauge that strips out food and energy prices was 3.3%, the government said Thursday.

Why it matters: The September CPI report is the latest data indicating that the inflation crisis is in the rear view mirror, with few signs of price pressures reigniting.

By the numbers: The September CPI figure, the smallest increase since February 2021, compared to the 2.5% increase in the year ending in August.

• Core CPI, meanwhile, ticked up from August.
• On a monthly basis, the CPI rose 0.2%, the same as the two prior months. Core CPI—excluding food and energy—also held at 0.3%.

What to watch: The Federal Reserve, once squarely focused on cooling inflation, has pivoted its focus to the labor market.

 

[HumpDayHoratio]

Newsweek. If you lose them…

 

[lessOHmo]

 

[lessOHmo]

FINALLY, THE TRUTH: Recession Since 2022: US Economic Income and Output Have Fallen Overall for Four Years.

The phenomenon of undercounting inflation is particularly concerning today given how high the official inflation measurements have been for the last several years. The inflation itself has increased the nominal values of several key economic metrics without resulting in any real change. This is why there has been such a disparity between the rapid rise in nominal, pre-inflation GDP and the relatively slow increase in real, after-inflation GDP.8
The following data are presented in such a way as to show the reader the change in nominal and real values through the second quarter of 2024, beginning in either the first quarter of 2019 or January 2019, when applicable.
Note that not only are the inflation adjustments large, but they are highly variable, ranging from under 20% for wholesale sales to 22% to 23% for manufacturing inventories and new orders.
While 3% may seem like a small difference, in the context of GDP growth it represents nearly a $1 trillion difference in real output – roughly the GDP of Saudi Arabia. And in the context of annual economic growth, 3% over a 4-year period is a very large number – the difference between robust and anemic growth. Or between anemic growth and recession.

Plus: “On a per capita basis, the results are worse because the population has increased approximately 2.1 percent from the first quarter of 2019 through the second quarter of 2024. During that period, nominal GDP per capita increased $22,182, or 34.7 percent. Real GDP increased $7,038 in chained 2017 dollars, or 11.4 percent. Adjusted real GDP fell $1,540, or 2.5 percent.”

We can’t afford four more years: “On differences with Biden, Harris says ‘not a thing that comes to mind.’”

 

[lessOHmo]

https://twitter.com/x/status/1842960932655579387

 

[ll74]

Jeffrey Tucker is Founder, Author, and President at Brownstone Institute. He is also Senior Economics Columnist for Epoch Times,

Aah...that tracks