Biden shrugs off worst jobs report of his presidency; critics say he botched the economy

After govenors and mayors shutdown their economies due to COVID, why do you keep ignoring that was when COVID was first hitting?

Did you support the across the board spending cuts Trump was pushing on Congress? BTW Bush was elected at the very start of a recession, the dot.com bust and then 9/11 and he and the Republicans helped to mitigate the depth and length of that recession getting us into a full recovery and taking the deficit back down to a paltry $161B with 52 months of full employment.

Then the Dems took control of the congress, a year BEFORE the 2008/2009 recession and their polices and lack thereof were a total bust and helping to mitigate that recession and instead of following the previous policies engaged in their demand side and we had the worst recovery in modern history hitting a $1,400B deficit just two years after that paltry Republican one and keeping it over $1,000B for the next three. It was the Republicans taking back the Congress that gave us the austerity and sequester programs that cut the Democrat deficits.

And Biden wants a repeat of that worst recovery in modern history so the next Rep can pick up the pieces as Reagan also had to do for Carter.

 

it most certainly was

Trump was on the verge of a recession in 2019... BEFORE COVID

the fed doesn't do this during a great economy... that the economy was great pre-covid is one of the biggest lies the Republicans ever told.


"Fed Ups Its Wall Street Bailout to $690 Billion a Week as Media Snoozes" Oct 2019

https://wallstreetonparade.com/2019...ilout-to-690-billion-a-week-as-media-snoozes/

and

"The Federal Reserve Has Already Pumped $9-Trillion into Wall Street in the Past Six Months, and Now Is Offering Banks Another $1.5-Trillion" March 2020

https://needtoknow.news/2020/03/the...d-now-is-offering-banks-another-1-5-trillion/

 

It's far worse than it's ever been:

​

Creepy voice Biden, at the critical point when US business was trying to emerge from the nearly year long shut down, openly bragged that Dems were using the Red Ink Orgy to fund a workers strike aimed at the heart of US business, but, that it would increase real wages. Well, it lit the fires of inflation and shortages and reduced real wages. Biden and these Dems are complete screw ups, repeatedly drawn to the worst possible choice and it's doing real world damage.

The current Biden high of 10,721,667 unfilled jobs is the worst ever recorded by nearly 50%.

Once again they anticipate nothing, solve nothing, always adopting the pose that requires nothing of them:

• Deny
• Deny
• Deny, until it becomes undeniable, then
• Minimize,
• Minimize,
• Minimize, until the polls fall, then
• Blame,
• Blame,
• Blame.

What they never do, is a damn thing to help the American People.

​

 

Biden didn’t close down anything though

 

While Biden was a POTUS since Jan 20th, 2021.

 

I know that COVID has created a recession.

But would the recovery have been as strong if Trump had been re-elected?

I doubt it.

Like many Republicans on this forum, you need to change reality in order to justify the Conservative failures of the past 35 years.

Because in terms of the economy, the GOP can do almost nothing right.

It's not like we have 10-12 years of history to judge you.

You've been driving this country into the ground since 1991.



And of the 20 poorest states in the country, 18 are red states.

Of the 20 richest, 16 are blue...

 

Unless it was YOUR guy...right!?

 

Of course it would have been, work would have been required once again and he would not have been the total failure on COVID as Biden as been.

I have cited the history and it does not just hinge on who is President do you not understand how the government works and how the power shifts and balances between the Congress and the Executive?

 

So what? He certainly had nothing to do with the rapidly recovering economy he inherited and in fact slowed down what it could have been by passing out free money bills incentivizing people not to return to work. Made us dependent on foreign oil again making those prices go through the roofs and ushering in inflation we have not seen in decades. And then left us totally unprepared for Omicron.

 

Not even close to a recession and yes as COVID was hitting. There was a mild manufacturing recession which was being overcome and then COVID hit and sent the economy into a recession. Fortunately Trump and not Biden was President and we came out of it rather quickly and the recovery began.

 

Less people paying into SS means less money for those when they reach retirement age after paying in their fair share. And it will be more than just some. But I see this conversation is going right over your head.

 

The point is your post claimed or insinuated incorrectly that the 12.2% occurred or was attributed under/to the Trump Admin. I am simply pointing out that that is factually incorrect or wrong.

 

That chart is damning no matter how many times it's posted!

 

Some of us remember the Carter days and things like double digit mortgage loan interest rates. His economic performance made him a one term President. The same would be true of Biden if he were deemed not too old and too feeble to run for a 2nd term.

 

you don't need to dump trillions into the economy in 2018 and 2019 if the economy is doing great

could it be Trump wanted the virus to spread, some say the reason Trump told the States to shutdown the economy is because he knew it was failing, and the only way for him to inject trillions more into the mega corps was to use the virus crisis to do so, if that did not work, he would blame it on the virus, win\win as far as Trump was concerned

 

And you might have a point……except that virtually EVERY economic indicator says his first year has been one of the best in decades…!

 

I am aware of this.

Still, if you look back over the last 35 years, when a Republican leaves the WH, he either leaves a war, a recession, a pandemic out of control or tries to overthrow democracy.

Any combination of these calamities is also possible.

When a Democrat leaves, the worst that can be said is that the recovery was not fast enough...

And there are still those who are surprised that voters have overwhelmingly supported Liberals in presidential elections for the past 14 years.

 

Yeah what like 90% of those jobs are simply jobs that were sidelined due to the pandemic so they're not new jobs that he created by any means so the one spinning here is you. I would recommend some Dramamine so you don't get motion sickness

 

And when the last Democrat left office you guys said he was scandal free.

LOL at least in my 40 some odd years on planet Earth it's the first time I've seen a few things such as a president using the IRS to weaponize it as a political tool against political opponents.

 

Interesting. A quite plausible theory but still a theory at this point in time.

 

We have a particular sub forum for such conspiracy theories

 

Obama also weaponized the DOJ, FBI, State Dept and more. Heck, Brandon weaponized the DOJ to attack parents of school kids.

 

Well just because they've maxed out the Unemployment benefits doesn't mean they stopped looking for jobs. That's the fallacy of the unemployment percentage and why any serious economists don't use it as a major indicator. It's flawed in its nature.

 

Got a source for that 90%?

Even if you’re right, Biden is overseeing a great recovery.

 

People don't care about economic indicators, statistics, and the like. They care about their personal situation, their job security, prices, availability of goods and services and so forth. Regarding any claims people make about a great economy I would like to point out that very few people working today will retire with a real pension plan. I don't blame that on liberals. Rather I just point it out as a sign we don't have a great economy IMHO. Because a great economy means not having an uncertain future. Back in the day most people had long term jobs with a real pension indexed to the cost of living. Who has that today?

BTW, I used to produce Government metric reports as a contractor. It was more or made clear what the report results would be and then I tweaked the data or report logic as needed. If I had not, I would have been replaced. So I don't have a lot of faith in government statistics. I understand that this is an anecdotal story, but ask career government employees and see what they tell you.