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More encouraging economic news: Stock Market Hits All-Time High Under President Biden

posted 5 months ago by xanthas (3215)
4 replies | jump to latest

Republicans' only hope for success in the 2024 election is that some people will fall for their sham impeachment. They don't have a chance.

Let's review the encouraging economic news:
- GDP growth 5.2% q3, 3+% for Biden's 3 yrs
- US best COVID recovery in G7
- 14.1m Biden jobs 7 times last 3 R POTUS combined
- Best job market in almost 60 yrs, lowest peacetime unemployment rate since WWII
- Dow breaks 37,000, hits all time high
- Interest rate cuts coming next year
- Inflation zero in October, 0.1 in Nov, well below Fed target rates
- Rents are coming down, gas/energy way down, groceries only rose 1.7% over last year
- Historically elevated wage growth, prime-age worker participation rates, new business formation
- Median wealth up 37% 2020-2022
- Annual deficit is trillions less under Biden
- US oil output will set records this year, as will renewables
- Household debt as % of GDP historically low (see below)
- Lowest uninsured rate in US history
- Manufacturing construction has doubled since Biden took office
- Since 1989 and a new age of globalization began, there have been 50m jobs created in America. 48m of those jobs, 96%, have been created under Democratic Presidents. Essentially all of them

Democrats = growth, lower deficits, higher wages, progress
Republicans = recession, higher deficits, American decline

https://twitter.com/SimonWDC/status/1735278814068961642

[–] AckbartheHutt (1370) 5 months ago

Thats called the Trump Bump.

[–] Bubbathegut (17234) 5 months ago

Best Covid recovery thanks the Operation Warp Speed. Thats why everyone talks about Trump everyday because he is a great President.

[–] KBiker (770) 5 months ago

Of course, Trump will take credit for it. Either that or he'll say it would be even better if he were president.

[–] BKB (6301) 5 months ago

14.1m Biden jobs 7 times last 3 R POTUS combined"

Um, he didn't create any new jobs and that has been debunked.. Nice try Lib

https://www.politifact.com/factchecks/2023/dec/13/joe-biden/fact-checking-joe-biden-on-manufacturing-jobs/

"President Joe Biden took a recent victory lap on social media, touting the number of manufacturing jobs created on his watch.

"We’ve created close to 800,000 manufacturing jobs since I’ve taken office," Biden said Dec. 5 on X, formerly Twitter.

An X community note cast doubt on the claim, saying that although Biden’s jobs figure was "factually correct," the president failed to note that the current total is only 175,000 higher than the February 2020 peak "from before COVID-19 forced layoffs."

"It’s more accurate," the community note said, "to say 589k manufacturing jobs were recovered and 175k created."

LOL!!!!!!!!!!!!!!