Hey look: that could be much better than 2019, when it was much higher. Now, your job is to tell me that it’s not a relevant data point in 2019, but is now. For . . . reasons.
I said nothing about them. Maybe you would like to start a thread about foreign country economics.
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So…selectively choosing Biden as the boogeyman because…feelings.
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Um… no dude. The thread is about Bidenomics.
But if you want to look foolish on this hill, then I will point out that the rise in biden’s inflation leads the other countries’ rising inflations. Biden’s inflation peaks and then after a delay the other countries’ inflations peak. Then Biden’s inflation falls FOLLOWED by the other countries. Clearly the US is leading the world. This apparently surprises you.
Interpreting graphs takes some skill. You can get this from Amazon.
Understanding Charts and Graphs (A True Book: Information Literacy) https://a.co/d/glniTtb
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It doesn’t work that way- if it went negative, that would be bad too.
Last time it went negative was 2009…you might recall what was going on then.
However, these graphs only tell part of the story.
Real wages have stopped falling due to inflation slowing, but they are not growing much, despite low unemployment.
Homes and rental prices are through the roof, still.
Biden has a tough sell…people aren’t convinced by these numbers and stats…they are convinced by how they feel.
And they don’t feel very wealthy right now because of ths mishmash of conditions…especially younger Gen Y/Gen Z people who in many cases are priced out of things like homes and cars.
A lot can happen in a year, and if Biden wants to be re-elected, those things had better change.
Now we are living in the trans era. They imagine things are better than what it actually is.
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that’s the nice thing about being a Democrat. Everything gets framed as good news.
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The inflation rate decreasing is objectively good news.
Well unless it turns into deflation.
decreasing slightly, after a 40 year high. and core rate doesnt include food
go grocery shopping lately?
i’d love to take a poll of “bidenomics” at checkout aisles and reassure everyone of the latest “real wages” and the other crap rolled out by democrat media and “advisors”
it’s going to be the “best economy in 50 years” for the next year mark my words
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He’s the only POTUS
Why?
…
they aren’t.
“Bidens are the best”.
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Do you happen to know where that picture is from? I do. It’s from a story about the cleanup of this site, which was purchased in 2022. That camp was established in 2017.
How would you have responded had I posted this image between 2017 and 2021? Would it still be evidence for a similar conclusion? Why or why not?
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Twice as good as the Trump era.
When they hit their mid-20s and 30s they are.
And apartments are even a stretch for many of them.
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The reason new home sales are down and rents are high is the average mortgage rate went from 2.5-3.0% in the previous Administration to currently over 7% to almost 10%. Buyers are facing 3 times the interest rate in less than 21/2 years while salaries have decreased by $5000 per household vs the increase of $6500 per household during the last Administration.
Bidenomics that ole Joe and the Dems are so proud of should be the campaign slogan for Republicans.
That’s great! Sounds like there will be some shovel machine ready jobs ASAP.
