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Response to gab13by13 (Reply #1)

Tue Dec 21, 2021, 10:25 AM

2. President Biden's pick for his cabient and other people is a great display of smarts & talent ever.

He really is doing a great job. Not that "our liberal media" will say that.

Bloomberg: Biden's Economic Performance Has Proved Unbeatable


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.

Consider that real, or inflation adjusted, gross domestic product surged at an average annual rate of 5.03% in each of the first three quarters of 2021, and is poised to expand 5.6% for the year based on the average estimate of more than 80 economists surveyed Bloomberg. If that forecast proves accurate, it would be more than 2.8 times the average between 2000 and 2019 and double the average since 1976.

All of which makes Biden's first year in the White House the standout among the seven previous presidents, based on 10 market and economic indicators given equal weight. According to data compiled by Bloomberg, no one comes close to matching Biden's combination of No. 1 and No. 2 rankings for each of the measures: ...

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Botany Dec 2021 OP
gab13by13 Dec 2021 #1
LineLineNew Reply President Biden's pick for his cabient and other people is a great display of smarts & talent ever.
Botany Dec 2021 #2
Mary in S. Carolina Dec 2021 #3
BradAllison Dec 2021 #4
crickets Dec 2021 #5
Botany Dec 2021 #6
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