With stimulus cash and jobs spike, U.S. emerges as main engine for global economic recovery

[highroller]

When 0bama won the election, the DJIA immediately tanked down from 10,000 to the 6000s. The market predicts the future. It didn't like what it saw with Captain Idiot.

You are completely lying or have stroked out and can’t remember the complete market collapse that occurred under PRESIDENT BUSH!

 

[j brown's body]

You are completely lying or have stroked out and can’t remember the complete market collapse that occurred under PRESIDENT BUSH!

Indeed, it was when we were in the throes of the greatest economic downturn since the Great Depression.

 

[Helix]

getting as many people vaccinated as possible will help a lot. the available vaccines look pretty good so far. i'm on dose #1.

 

[Taylor]

Where do you think the money comes from when you go to a bank for a loan, out of a vault in the back room?

Out of someone else's account.

 

[JacksinPA]

I’ve said it before, I’ll say it again. Shots in arms, money in pockets, and jobs in America. The coming Biden Boom may be unlike anything any of us have ever seen.

The Spanish Flu led to the Roaring Twenties. What will COVID-19 bring?

 

[Taylor]

So surely you were outraged at the skyrocketing deficits under Trump, right?

Yes. We need to do something aboug entitlement spending.

 

[JacksinPA]

getting as many people vaccinated as possible will help a lot. the available vaccines look pretty good so far. i'm on dose #1.

Great. Now at least you won't die with a ventilator tube down your throat.

 

[Chomsky]

The pork giveaway will slow the great economy created by Trump. The fact that the economy is set to do well was put in place by Trump who got us the vaccine at warp speed, after creating the greatest economy perhaps of all time in his first three years. The slowdown was created by the Democrats who closed everything and put people out of work. Biden will be living off Trump's efforts for a year or two before his massive spending and regulation will return us to the 0bama recession. Which, of course, is the goal of the Marxists.

What 'great economy'? Trump left Biden with over 6% unemplyoment, and a negative GDP!

 

[Chomsky]

And I hate to say it, because none of us like deficits, but you spend your way out of recessions. That's just the way it is.

 

[Helix]

Great. Now at least you won't die with a ventilator tube down your throat.

i hope not. no vaccine is 100%, so i am knocking on wood. it has been a stressful year.

 

[upsideguy]

Is that why the stock market took off on it's meteoric rise immediately after the election after the previous year of stagnation under 0bama?

The stock market is not the economy (which is what we were discussing), but since you brought it up, the stock market also did better under Obama than Trump.

Stock Market Performance by President

This interactive chart shows the running percentage gain in the Dow Jones Industrial Average by Presidential term. Each series begins with the closing value of the month of inauguration and runs to the closing value of the last month of the term. The y-axis shows the total percentage increase...

www.macrotrends.net

Stock-market performance under Trump trails only Obama and Clinton

When measured by the benchmark S&P 500's annualized returns, the stock market's performance under Donald Trump is the third best out of the 15 presidents...

www.marketwatch.com

....with overall economic performance (quarter over quarter GDP growth) better under Obama.

Real GDP growth rate U.S. 2023 | Statista

In 2023 the real gross domestic product (GDP) of the United States increased by 2.5 percent compared to 2022.

www.statista.com

U.S. GDP Growth Rate 1961-2024

Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the...

www.macrotrends.net

Point being, Trump did NOT create this economy (which was your unsubstantiated assertion). He inherited it. He just didn't screw it up, until he did.

You know, you could improve the quality of your posts, and by extension the quality of the board, if you actually double checked your facts before posting rather than just pulling this stuff out of your ......., I mean, where ever you store your unsubstantiated impressions.

 

[Luther]

The Biden boom is underway.

"Amid steady progress with coronavirus vaccinations, the U.S. economy is gathering so much steam that its gains will not stay at home. Demand for goods and services this year is expected to spill well beyond U.S. borders, making the United States the largest single contributor to global growth for the first time since 2005, according to Oxford Economics.The U.S. ascent ends — at least for now — China’s long reign as the principal engine powering the $90 trillion global economy.

Free spending by the Biden administration — coupled with the Federal Reserve’s ultralow interest rates — is driving the nascent U.S. boom and lifting other countries, where governments have not responded as aggressively to the pandemic. As Americans spent their $600 government stimulus checks in January on furniture, laptops and clothing, the U.S. imported a record $221 billion worth of goods. And that was before a round of $1,400 checks in March.

...A strengthening U.S. economy, however, is welcome after a year of pandemic gloom. But as expectations of strong growth drive up long-term interest rates, investors are pulling money out of emerging markets to earn higher returns in the United States. More than $5 billion left developing countries in March, which some analysts worry could herald larger outflows to come and undermine recovery prospects in poor and middle-income nations."

https://www.washingtonpost.com/business/2021/04/04/us-economy-global-recovery/

The Biden boom is underway.

But Fairy dust is a temporary thing