GDP GREW 5.7% IN 2021,BEST YEAR SINCE 1984

Not true.

2019 GDP growth: 2,2%
2019 Inflation (average): 1.81%

Net growth: +0.39%

2021 GDP growth: 5.7%
2021 Inflation (average): 4.7%

Net growth: +1%

 

The economy is improving, with or without Biden. The best "policy" Biden could implement to help things along would be to remove Trump's economically illiterate tariffs.

 

Unless I've missed something, the 5.7% number already accounts for inflation.

 

[/QUOTE]

Wow. What a tortured set of misinformation you weave. Total GDP, net value of the economy was still larger by almost a trillion dollars. The growth BS you inserted doesn't matter at all. More, the inflation rate is miscalculated on your part, and doesn't reflect the actual inflation rate which was almost 9% in 2021, yoy. Why try to insert what you know is a dishonest line of BS....

 

Huh? Current property values (keep, sell or buy) is not part of GDP growth, but new construction is.

 

The number includes inflation, but it doesn't recalculate it's erosion of value. Growth also include govt stimulus which we know is also temporary and unsustainable.

 

If that's what you need to tell yourself in order to deny good things happening in reality because you are worried that Biden get credit for it, you do you, fam.

 

Good News. I guess we don't need BBB.

 

Sorry but no.

https://tradingeconomics.com/united-states/inflation-cpi

Inflation average on 12 month: 4.7%

 

I don't think so.

Because inflation does not affect all products in the same way.

MAGA likes to deduct inflation from growth to discredit economic performance under Biden, but that's a ridiculous calculation.

Because inflation doesn't affect all consumer products equally.

 

I didn't realize we were debating. Taking the comment at face value.

 

You said it would get back to normal. The new normal is higher prices.

 

No, your point is moot.

And the fact that inflation wont' back down is not the precise point you are making.

That it is Biden's fault, is the point you are making.

But, the fact that it has been true since coins have been minted and dollars print makes THAT POINT, moot.

No one is saying inflation isn't an issue.

 

Discussing. "It could have been worse" doesn't seem a strong point to make. It would be better if Biden had done nothing as far as "stimulating" the economy and handing out fiat money do you agree?

 

Yes, inflation is normal, always has been

 

Excessive inflations is not normal.

 

I told you all that sugar high consumer spending spike will not be sustainable without a matching gain in jobs.

S&P Suffers Worst Start To A Year Since 1939 As Yield Curve Yells 'Recession'

"...and stocks are on course for their worst January ever.".

If Biden had, the entire time, been working tirelessly to build payrolls rather than attacking various important industries, we would be building a solid foundation for future prosperity, but, instead he creepy whisper voice bragged about using stimulus checks to fund a workers strike against COVID slammed employers trying to emerge from government mandated slow downs, which our Idiot President claimed would result in HIGHER real wages, but, have resulted in LOWER real wages as they lit the destructive fires of inflation.

Worst January in 83 years.​

Nasdaq in correction and 4/5ths of the way to a bear market, small caps are in a bear market.

"smooth sailing" they said! "Fed Put" they said! "Transitory inflation" they said..."

Economy was roaring back until the election, and well, you can see where it's headed now:

​

The Fed is currently projecting a Q1 of 0.05%! That's even worse than Biden's Q3 of 0.19%. So, sandwiched between two quarters that round to zero, he manages a non-zero quarter and we are supposed to throw him a parade and declare victory?

That 0.05% quarter would be the worst quarter outside of the COVID shutdown since Obama/Biden in Q1 2014.

If we had a President doing everything he could to build payrolls, we'd be looking at an opportunity to power through this, but instead we have: J6! Attacking our Energy Sector, Parents are Terrorists, Let's go to war in Ukraine, Federalize local elections, destroy the filibuster, Green New Deal, Vaccine Mandates, Mask Mandates, and all these things that some Dems prioritize, but which are not the priorities of the American People, none of these things are. And so, we have no massive national effort to build payrolls. Buttigieg, is working on restoring supply chains?

​

He spends a great deal of time of Paternity Leave, and when he does show up, he tells us about how he is going to fix "racist" overpasses, add bike paths, and implement "snow plow equity" where bike lanes are cleared first. There's a confidence builder! Whatever would we do without these clowns?

Inflation+Recession=Stagflation.

Atlanta Fed GDP expectations just crashed to zero for Q1...

​

Growth Stocks puke in recessions, value stocks are where you want to be when the walls are falling down, traders positioned for a gathering storm.

​

As folks run out of money, they still have to buy energy, but, discretionary spending is deferred, and that's what we saw this week, only the energy sector rose, while the discretionary sectors got monkey hammered:

​

Oil damn near near hit $89/barrel this week, which would the highest since Obama/Biden 2014, interestingly, the last time outside of COVID that had quarter as bad as the current projection for Q1.

​

Natural gas prices broke the sound barrier this week as it shot up:

​

With a start like that, fingers crossed the Biden doesn't break the zero line this quarter, like he damn near did in Q3. So no, I don't look at Q4 and declare victory. If Biden and the Congressional Majorities had been focusing the entire time on building payrolls and real wages, yes, but instead they thought they could just coast on the Trump Economy spring back, chase crack pipe dreams and political vendettas, and now we learn the hard lessons that elections DO matter. A President with a working brain IS critical, even at the price of salty tweets, and a Congressional Majority that puts American First really does make the difference between a declining living standard and rising wages, and unfortunately, even war vs peace.

 

I’m not a fan of the GDP when debt grows the economy.

Government Consumption Expenditures And Gross Investment (GCE) FRED Economic Data

Q4 2020; 3.885 Trillion

Q4 2021; 4.128 Trillion

Up $243 billion

Note; $1 GCE = $1GDP

___________

Federal Government Current Transfer Payments
FRED

Q4 2020; $2.839 Trillion.......December 20, 2020, Congress approved $600 Stimulus checks, $300 enhanced unemployment insurance

Q1 2021; $5.070 Trillion........March 10, 2021, Congress approved $1.9 Trillion Relief Plan, $1,400 Stimulus checks

Q2 2021; $3.372 Trillion

Q3 2021; $3.136 Trillion

Q4 2021; $2.939 Trillion........Federal Transfers back to normal level

Note; Hundreds of billions were Transferred in people’s pockets, and Consumer spending boosted the GDP.

__________

ONCE AGAIN, Debt grew the economy. I said the same thing when Trump was POTUS.

 

Sorry was I unclear - not interested in "discussing" or "debating" this point.

 

I repeat, the excessive inflation is pandemic related.

It will return to normal.

Chill out.

 

Debt has grown the economy since the Reagan years.

 

Fake News. I'd love to see Biden preside over an era of expanding solidly built prosperity, but, that's clearly not the case.

​

I think Obama may have been right about Biden's innate ability to F- things up.

 

It was not Biden who allowed the offshoring of Americas manufacturing to the cheapest labor foreign market, that dishonor belongs to Reagan.

 

Well it's what we do around here ya know..............

 

I repeat the excessive inflation is fiscal and monetary policy related as it always is, markets work themselves out on their own. Biden and you should chill out and he stop trying to control the markets.

The WSJ posted yesterday agreeing with what I have been saying for months

The Economy That Might Have Been
Growth would be healthier if Biden had done nothing in 2021.


Imagine if the Biden Administration had focused primarily on the pandemic as it took power a year ago. Get the vaccines out, accelerate Covid therapies, and let an economy poised to soar take off on its own. No $1.9 trillion “relief” bill in March, no threat of new tax increases and spending to “transform” American society....

...but the recovery from the pandemic was always going to take off. Politicians shut the economy down for much of 2020, then poured cash into consumer pockets to compensate, and the Federal Reserve flooded the economy with more money. A boom for the ages was poised to happen in 2021, and no doubt the Biden Administration would take credit.

In the event, the economy in 2021 didn’t grow nearly as fast or in as healthy a fashion as it should have. That’s clear from the details of growth in the fourth quarter. Topline growth of 6.9% was robust, accelerating from 2.3% in the third quarter that was affected by the surge in the Delta Covid variant.

[the article notes, citing from the BEA report, much of this came from a rebuilding of inventories not making sales. Consumer spending contributed 2.5% but that is the left over free money]

.. The personal saving rate fell to 7.4% from 9.5% in the third quarter. Real disposable income, after inflation, fell 5.8% in the fourth quarter after falling 4.3% in the third. The consumer sugar high from government transfer payments is wearing off as 2022 begins.

....It’s not too late to learn, and the best policy course now would be for Mr. Biden to do nothing at all. Drop BBB, kill the plans for regulation that will raise costs and prices, drop the hostility to domestic energy and exports. Let the Fed take on inflation. The U.S. economy has remarkable powers of recovery when the political class gets out of the way.
https://www.wsj.com/articles/the-ec...mic-growth-11643322092?mod=opinion_major_pos1