GDP grew at a 6.9% pace to close out 2021, stronger than expected despite omicron spread

[Paradoxical]

Let’s remember that the thread is about GDP grew at a 6.9% pace in 2021.

Coupled with the thread about near 500,000 jump in employment last month (and upgrading the two previous months) gives us a pretty good indication that current economic policies are on the right track.

$1.00 a more a gallon in gas. Food prices up 30%. Let's Go Brandon.

 

[rahl]

You can post everyone of those meme's to what you post as actual data destroys your narrative. I am posting personal opinions backed by data in supporting my claims. Your loyalty to your state is admirable but your understanding of economics, civics, and results aren't. You always judge everyone else by your own standards, your statements about the stimulus, UE benefits, and child tax credit vary by states and there is a reason that blue states lead the nation in unemployment and that includes your state. There is also a reason for Biden's 38% approval rating on the economy but again that reality goes right over your head as you refuse to believe numbers that don't support your narrative.

 

[rahl]

What is important are policies generated not your personal opinion or others. there is a reason that Biden has a 38% approval rating on the economy and it has everything to do with the lack of leadership and poor economic policies always generated by liberals.

Bidens economy is by every metric measurable, light years better than trumps. What was the reason for trumps approval record being worse than bidens?

States reopening are generating the results which of course are compared against 2020 when the economy was shutdown.

What states didn't open until January 2022?

Inflation ate up the wage gains buy hourly employees and inflation along with massive gov't spending boosted the GDP numbers certainly not economic activity.

Prove any of this

 

[rahl]

$1.00 a more a gallon in gas. Food prices up 30%. Let's Go Brandon.

Gas is about where it was 6 years ago, and food prices are not up 30%. Bidens economy, in his first year, is more than twice as good as trumps very best year.

 

[MTAtech]

$1.00 a more a gallon in gas. Food prices up 30%. Let's Go Brandon.

Apart from you sophomoric slogan, you're just lying. Food prices are not up 30%. According to the USDA, "In 2021, food-at-home prices increased 3.5 percent and food-away-from-home prices increased 4.5 percent. The CPI for all food increased an average of 3.9 percent in 2021. Of all the CPI food-at-home categories tracked by the U.S. Department of Agriculture (USDA), Economic Research Service (ERS), the beef and veal category had the largest relative price increase (9.3 percent) and the fresh vegetables category the smallest (1.1 percent)."

You are also lying about gasoline prices. Gasoline is higher now -- about what it was in 2015, but to claim it is up a dollar, that's only true if one compares it to when the pandemic started and oil companies couldn't give it away.

But let's explore that. Let's say gasoline rose a dollar (it didn't.) For a driver who drives 15,000 miles a year and gets only 25 miles per gallon, that would mean using 600 gallons a year. At a dollar more, that's $600 dollars more but overwhelmed by the increase in wages over the same period.

 

[Conservative]

$1.00 a more a gallon in gas. Food prices up 30%. Let's Go Brandon.

The loyalty to the liberal economics and ideology is cult like, Far too many are able to withstand the inflation and massive gov't spending that generates these results as they still ignore the 38% approval rating on the economy showing that these people are out of touch with reality

RealClearPolitics - Election Other - President Biden Job Approval - Economy

RealClearPolitics - Election Other - President Biden Job Approval - Economy

www.realclearpolitics.com

 

[Conservative]

Apart from you sophomoric slogan, you're just lying. Food prices are not up 30%. According to the USDA, "In 2021, food-at-home prices increased 3.5 percent and food-away-from-home prices increased 4.5 percent. The CPI for all food increased an average of 3.9 percent in 2021. Of all the CPI food-at-home categories tracked by the U.S. Department of Agriculture (USDA), Economic Research Service (ERS), the beef and veal category had the largest relative price increase (9.3 percent) and the fresh vegetables category the smallest (1.1 percent)."

You are also lying about gasoline prices. Gasoline is higher now -- about what it was in 2015, but to claim it is up a dollar, that's only true if one compares it to when the pandemic started and oil companies couldn't give it away.

But let's explore that. Let's say gasoline rose a dollar (it didn't.) For a driver who drives 15,000 miles a year and gets only 25 miles per gallon, that would mean using 600 gallons a year. At a dollar more, that's $600 dollars more but overwhelmed by the increase in wages over the same period.

Can you explain to us why with such great economic news according to you that Biden only has a 38% approval rating on the economy into January 2022? You seem to be out of touch with reality as the majority in this country aren't feeling the benefits of these economic results and job creation.

RealClearPolitics - Election Other - President Biden Job Approval - Economy

RealClearPolitics - Election Other - President Biden Job Approval - Economy

www.realclearpolitics.com

 

[highroller]

Because they have the high taxes you think we also should have. Stifling work, progress, companies, inventors, innovators.

Why are you mad at them for being more fiscally conservative than the Republican Party?

 

[Paradoxical]

Why are you mad at them for being more fiscally conservative than the Republican Party?

2 trillion spent on what in one year?

 

[highroller]

2 trillion spent on what in one year?

Democrats don’t claim to be fiscally conservative.

They even wanted to raise taxes, which is fiscally conservative when you have a deficit

 

[Paradoxical]

Apart from you sophomoric slogan, you're just lying. Food prices are not up 30%. According to the USDA, "In 2021, food-at-home prices increased 3.5 percent and food-away-from-home prices increased 4.5 percent. The CPI for all food increased an average of 3.9 percent in 2021. Of all the CPI food-at-home categories tracked by the U.S. Department of Agriculture (USDA), Economic Research Service (ERS), the beef and veal category had the largest relative price increase (9.3 percent) and the fresh vegetables category the smallest (1.1 percent)."

You are also lying about gasoline prices. Gasoline is higher now -- about what it was in 2015, but to claim it is up a dollar, that's only true if one compares it to when the pandemic started and oil companies couldn't give it away.

But let's explore that. Let's say gasoline rose a dollar (it didn't.) For a driver who drives 15,000 miles a year and gets only 25 miles per gallon, that would mean using 600 gallons a year. At a dollar more, that's $600 dollars more but overwhelmed by the increase in wages over the same period.

Since Biden took office, it is up a buck a gallon nationwide. Do you drive a bike?

 

[Taylor]

Gas is about where it was 6 years ago,

Oh, Rahl.

Gas prices are more than double what they were six years ago.

 

[SuperDS77]

You are also lying about gasoline prices. Gasoline is higher now -- about what it was in 2015, but to claim it is up a dollar, that's only true if one compares it to when the pandemic started and oil companies couldn't give it away.

Actually the dollar increase is the year over year increase. They are probably about 2.50 above what the lowest point of the pandemic.

Your point is legitimate regarding what comparisons are made. Some tout job increases in 2021 as some sort of policy success. Most, of not all of the gains are from the losses due to shutdowns during the pandemic. Same with GDP numbers. Anybody in office, doing nothing would accomplish probably nearly the same numbers.

 

[Paradoxical]

Democrats don’t claim to be fiscally conservative.

They even wanted to raise taxes, which is fiscally conservative when you have a deficit

And also claim baby sitting for 3 year olds is "infrastructure" and we should saddle people with that debt forever.

 

[highroller]

Oh, Rahl.

Gas prices are more than double what they were six years ago.

View attachment 67373429

#ThanksObama

 

[highroller]

And also claim baby sitting for 3 year olds is "infrastructure" and we should saddle people with that debt forever.

It is infrastructure if you need it for people to get to work, but that is a different discussion.

Fiscal Conservatism is not about spending, it’s about deficits. If you cut taxes or increase spending, you need to change the other side of the equation if you’re fiscally conservative. Republicans don’t do that; they spend regardless of what the tax receipts are, they just like to spend your money on war instead of daycare.

 

[SuperDS77]

Democrats don’t claim to be fiscally conservative.

They even wanted to raise taxes, which is fiscally conservative when you have a deficit

Not so sure about that.

Know what else is "fiscally conservative"... spending less. Which is anathema to most in DC.

 

[SuperDS77]

they just like to spend your money on war instead of daycare

Except, defense of the country is an actual enumerated responsibility of the federal government. Daycare? Not so much.

 

[highroller]

Not so sure about that.

Know what else is "fiscally conservative"... spending less. Which is anathema to most in DC.

That’s not fiscal conservatism. That’s what Republicans tell you fiscal conservatism is so that they don’t have to do anything and can just blame the Democrats for not getting anything done with the debt.

 

[highroller]

Except, defense of the country is an actual enumerated responsibility of the federal government. Daycare? Not so much.

Where does the constitution say that they can build roads? I must’ve missed that amendment.

 

[highroller]

Except, defense of the country is an actual enumerated responsibility of the federal government. Daycare? Not so much.

But it’s still not fiscally conservative if you borrow the money.

 

[Paradoxical]

It is infrastructure if you need it for people to get to work, but that is a different discussion.

Fiscal Conservatism is not about spending, it’s about deficits. If you cut taxes or increase spending, you need to change the other side of the equation if you’re fiscally conservative. Republicans don’t do that; they spend regardless of what the tax receipts are, they just like to spend your money on war instead of daycare.

Like Trump, you mean....who kept us out or wars?

 

[highroller]

Like Trump, you mean....who kept us out or wars?

But cut taxes without cutting spending. Those taxes cuts exploded the deficit like all the predictions said they would.

Republicans aren’t fiscally conservative; they don’t care about your money. They will spend it just as freely as the Democrats, but just on things that go boom.

 

[ElChupacabra]

You can post everyone of those meme's to what you post as actual data destroys your narrative. I am posting personal opinions backed by data in supporting my claims. Your loyalty to your state is admirable but your understanding of economics, civics, and results aren't. You always judge everyone else by your own standards, your statements about the stimulus, UE benefits, and child tax credit vary by states and there is a reason that blue states lead the nation in unemployment and that includes your state. There is also a reason for Biden's 38% approval rating on the economy but again that reality goes right over your head as you refuse to believe numbers that don't support your narrative.

This is a word salad that addresses nothing about what I posted as is often the case with you when you go into deflection mode and start flailing about. You made a claim about people being paid to stay home and have provided no data to support that claim except a citation of job openings and the number of unemployed. From that you assume that people are sitting around at home, but the data does not back that up. You then add the cherry on top by including other rants about issues not related to what was being discussed.

You make this laughable correlation and then proceed to attack others when they point out the obvious flaws in your claims.

 

[SuperDS77]

Where does the constitution say that they can build roads? I must’ve missed that amendment.

What is your point? That leaders in the federal government have long violated much of our constitution? If so, I agree.

The constitution says what the federal government CAN do, all else is left to the states. Quite simple actually.

Regarding roads, see the 10th amendment.