Americans have lost $4,200 in income under Biden, wiping out Trump gains: Heritage

LOL! Well dear, the US dollar is used all over the world and due to that Biden is to blame.

 

If this were Biden's fault, the US wouldn't be in the middle of the pack on inflation. We'd be at the top on inflation. Try shelving your superstition for a few days and listen to reason instead.

 

You still do not understand the global financial system, do you.....sad.

 

Not for when you are no longer in a recovery, have historic low unemployment and rising LFPR helping to increase incomes.

Blew it compared to what considering the 35% drop due to the COVID economic shutdown?

ROFLMAO. Bush and the Republicans handed the Dems full employment when they, including Biden and Obama, took back the Congress January of 2007. Two years later the Dems had it heading to 8%. Obama won promising his economic plan would halt unemployment at that 8% and then it would quickly fall. Instead it shot to that 10% and stayed over 8% for the next THREE YEARS and only started fully recovery as the Reps took back the Congress going to HISTORIC lows after they took back the WH too.

And COVID never happened. And BTW unemployment was making a remarkable recovery until he lost to Biden who choose to pay people not to go back to work with all the money he has been borrowing.

 

Better than you do, apparently. Sad, indeed.

 

Black businesses have been especially devastated:
Over last 3 years Black businesses grew hugely, then were devastated

 

No you do not. You see the US dollar is the world reserve currency. Let's start there since you need to learn the basics.

 

And when you are ready to do some homework, you can try to figure out why 1) inflation is global and 2) why it hasn't hit the US harder than most other countries

 

That's not really true. I've discussed this multiple times in the past with you. No point repeating myself.

Inflation is mostly only going on in progressive white countries, all of which implemented policies of overspending which heightened during the pandemic.
(white English-speaking countries and countries in the Euro zone, since they share the same currency)

And in Third World countries that have been experiencing high inflation long before then.

Russia is experiencing inflation caused by the internationally imposed sanctions and their war in Ukraine.
Inflation is worse than usual in Turkey because they have been cut off from trade with their main trading partner Russia, but Turkey has had problems with inflation before then.

 

Hahaha! We all know Biden released oil from the reserve to artificially drive the price down. After the midterms that will change.

You need to ask questions that are not on the 3rd grade level. But since you do not understand the macro economic landscape that may be the best you can do.

 

Inflation is about a hell of a lot more than just oil prices, and core inflation doesn't even factor in oil prices. you need to ask yourself why economists aren't generally backing you up on this **** and are constantly pointing out the same thing that I am.

 

That is part of the reason. I'd estimate it might be 25% of the cause. I agree that the Biden Administration was being politically opportunistic and this was probably not a good decision for the country or economy but was done to make things look better in the short term and help buy votes.

discussion of the other reasons: Why oil prices are going down

 

and you must have gone to NY corrections community college if you don't agree with these very simple rules of inflation.

 

Fully no

He is not without some blame - but have yet to see any libs acknowledge that

 

Buddy we are the global economy, we are the largest producer, we are the largest customer. OfCourse when we're dealing with inflation the globe is going to deal with it as well. China is catching up quickly on GDP though and have us by the balls!

 

And increase in China's GDP doesn't directly hurt us. The economy is not a zero sum game. And you didn't actually address what I said.

 

Hahaha! Everything depends on energy.

 

Baloney. Trump claimed he could do better. And in the end, excluding covid, he's ended up with the same numbers of Obama.
And he accomplished that by massively increasing the national debt, with no idea how this could be repaid.
He then doubled down on the debt to pull through the covid years. He than did a GWB, just pass the problem to a Dem president.

I commented on the non covid years. Trump failed right there.

Seriously....lol
Bush with his GOP handed the Dems an economy that a utterly steep spiral downward. It was the biggest mess since the deep recession of the 1930's. Such a thing takes some years to stop and turn it around. And here you are doing the fake jaw drop that there is no magic wand around for that famous dead stopping a spiral and immediately turn things around.

1 million people died in the US of something that "never happened".

 

Ofcourse it's not a net zero sum game, it's supposed to improve for everyone in theory. In Biden's America its failing for everyone, and that's the issue.

 

Interesting pivot. And also just as false as your initial take.

 

Sure, it does, if their GDP goes up then American's are buying more Chinese products and becoming more dependent on a communist country that would love to end our way of life.

 

Chinese imports have never decreased our own GDP. Again, economics is not a zero sum game. I thought you said you understood that? What are you backtracking?

 

So replying to your statement "The economy is not a zero sum game", is somehow a pivot? A pivot off what your pivot? Did you forget what you said or something?

 

See previous posts. If you still don't understand I can try to break it down further.