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elleng

(129,145 posts)
Sat Apr 23, 2022, 09:07 PM Apr 2022

Biden's Economic Performance Has Proved Unbeatable.

No first-year president going back to Carter comes close to matching the current White House occupant’s No. 1 or No. 2 ranking in each of 10 key measures.

U.S. financial markets are outperforming the world by the biggest margin in the 21st century, and with good reason: America’s economy improved more in Joe Biden's first 12 months than any president during the past 50 years notwithstanding the contrary media narrative contributing to dour public opinion.

Exceptional returns from dollar-denominated assets, especially the S&P 500 Index in both absolute terms and relative to its global counterparts, can be attributed to record-low debt ratios enabling companies to reap the biggest profit margins since 1950. Corporate America is booming because the Biden administration's Covid-19 vaccination programs and $1.9 trillion American Rescue Plan reduced the jobless rate to 4.2% in November from 6.2% in February, continuing an unprecedented rate of decline during the Covid-19 pandemic.'>>>

https://www.bloomberg.com/opinion/articles/2021-12-20/president-biden-s-economic-performance-has-proved-unbeatable

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calguy

(5,106 posts)
2. As long as he's vulnerable on the inflation
Sat Apr 23, 2022, 09:44 PM
Apr 2022

The best numbers in history won't take away the attacks from the right.

elleng

(129,145 posts)
3. 'vulnerable' if rationale and causation are not discussed.
Sat Apr 23, 2022, 09:50 PM
Apr 2022

Time for hard-hitting education, including change in terms= GREEDflation.

WarGamer

(11,779 posts)
4. It's an incredibly difficult situation for the Biden administration.
Sat Apr 23, 2022, 10:17 PM
Apr 2022

It's like a train going down the track and a Y-junction is approaching. A left turn hurtles you off a cliff and a right turn hits an oncoming train.

To beat inflation, you basically have to create a recession. Because the prosperity itself... the success of the economy is what is driving inflation (for the most part).

JPow basically announced last week that mortgage rates will be 7-8% in 2024.

elleng

(129,145 posts)
9. Right, Bob Reich was being polite in his words;
Sat Apr 23, 2022, 10:52 PM
Apr 2022

look at his pics. and this:

One big, largely ignored source of inflation: Corporate greed.…

https://www.facebook.com/watch/?v=326505992840417

Celerity

(42,161 posts)
11. but your OP article is celebrating the corporate booming, thus my confusion now (and my saying
Sat Apr 23, 2022, 11:09 PM
Apr 2022

originally that running on 'corporate America booming' is hardly good campaign slogan)

your video contradicts the article

Celerity

(42,161 posts)
13. Reich is spot on ( and doesn't rely on nuance) the article by Winkler not so much.
Sat Apr 23, 2022, 11:16 PM
Apr 2022

That is my point. Winkler is saying corporate America booming is good. Reich is critiquing the booming.

KentuckyWoman

(6,636 posts)
10. I'd call it a mixed bag.
Sat Apr 23, 2022, 11:01 PM
Apr 2022

Business is booming so fast they can't hardly get enough product or labor. The economic statistics nationwide of now vs where we started in Jan 2021 are really breathtaking. It is fantastically good.

However, too many individuals are losing even more ground. Sure, that might be temporary, and yes it seems to be less that in other places of the world, but it's painful none the less.

What it says to me is we absolutely have to increase the margins in the House and Senate - win more local and state seats as well. Otherwise the existing safety net that covers the gap is won't be expanded and it's likely to be destroyed.



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