Thanks, Biden!!!

[jaF0]

Dec. 22 (UPI) -- Inflationary strains have yet to deal a major blow to the U.S. economy with data Thursday showing a rebound in third quarter GDP and a slight dip in hiring.

The Commerce Department on Wednesday revised its estimate for third quarter gross domestic product, from an increase of 2.9% to 3.2%, which was attributed in large part to an increase in consumer spending.

We'll have to wait for up-to-date data on consumer spending. Retail sales last month declined 0.6% from the prior month, though Thanksgiving shopping was a record-setter this year.

Disposable income among U.S. consumers, meanwhile, increased by $242.4 billion in the third quarter, an upward revision of $6.6 billion, though personal savings declined $12.9 billion from the previous estimate to settle at $507.7 billion for the third quarter.

https://www.upi.com/Top_News/US/2022/12/22/gdp-jobs-hiring-commerce-recession/5301671720558/


Let's Go Joe!!!

 

[Lazaran]

Bipartisan omnibus bill passes in the Senate, funding important programs for ALL Americans through September 2023, and denying the incoming republican house majority leverage in any negotiations.

Amusingly, Senate Republicans “leveraged” their “power” to get increased defense spending, (some for the defense of Ukraine) - which Democrats supported as well.

Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer have once again delivered an amazing result in a hyper partisan congress.

Thank You President Biden, for demonstrating leadership and working for bipartisan legislation.

 

[coati]

And thank you, President Biden and Jill Biden for standing firmly for democracy and sovereignty in Ukraine in the face of the murderous Putin. It's so good to have a President who supports Zelenskyy rather than withholding military aide to extract political favors.

And thanks, Jill Biden, for supporting efforts to get hospital care for Ukrainian children. It's so good to have a First Lady who provides actual aid to desperate people and stand up to bullies rather than marrying a bully for money and running a disingenuous campaign against internet trolls.

What a difference two years has made. Thanks to both the Bidens.

 

[coati]

Thanks, Biden, for showing the MAGAts how a responsible leader behaves when he discovers that he has classified documents improperly stored.

 

[ll74]

The presser in Cincy with McConnell while the House GOP was infighting was just awesome sauce.

 

[coati]

Yes, it's wonderful to have a grown-up as President.

 

[KeithD]

Yes, it's wonderful to have a grown-up as President.

Yes, it most certainly is. How great it is that Donald Trump was shown the door.

 

[coati]

While most of the British "Royal Family" refuses to apologize for their historical profiting from slave trade and American MAGAts claim that the partial reparations provided by Affirmative Action are nothing more than "reverse discrimination", thanks to Joe Biden for actually celebrating the non-violent accomplishments of Dr. Martin Luther King, Jr.

 

[jaF0]

US economy grew at end of 2022, defying recession fears​

https://external-content.duckduckgo.com/ip3/www.msn.com.icoABC News|7 hours ago
The U.S. economy grew robustly at the end of last year, defying recession fears and weathering an aggressive series of interest rate hikes from the Federal Reserve, government data showed.

 

[KeithD]

Yep, the board Trumpettes are lying. The economy is cooking along nicely under the Biden administration.

 

[phrodeau]

https://www.foxnews.com/politics/us...eratives-counterterrorism-mission-somalia.amp

The U.S. military killed a key ISIS facilitator, Bilal al-Sudani, and about 10 ISIS operatives in a counterterrorism mission that resulted in no U.S. casualties, senior administration officials said Thursday.

Officials say al-Sudani was involved in funding a network of ISIS affiliates around the world. One official said al-Sudani had specifically been funding and expanding ISIS’s reach throughout Africa, and through the ISIS affiliate in Afghanistan.

 

[KeithD]

And thanks for another "recovering well from Trump" economy health report.

 

[jaF0]

New Home Sales Rise 2.3% in December​

The increase comes as mortgage rates dip and builders offer incentives.
Jan. 26, 2023

 

[jaF0]

Inflation Cools Further in December​

The high prices of last summer are receding fast, but inflation still remains more than the Federal Reserve wants.
Jan. 27, 2023

 

[jaF0]

USDA announces $2.7 billion for rural electric grids

Jan. 30 (UPI) -- The Biden-Harris administration will invest $2.7 billion into rural electric cooperatives across the United States, the U.S. Department of Agriculture announced Monday.

 

[phrodeau]

President Biden
@POTUS

United States government official

We just created more jobs in two years
Than any president ever has
In any four-year term.

 

[VinnyVeritas]

FACT CHECK: Biden's Claims About Jobs and Inflation​

Biden has been claiming to have created more jobs than any of his predecessors since his first year in office, which coincided with the reopening of the economy after the COVID shutdowns ended. However, the bulk of the jobs he claims to have “created” were actually primarily jobs lost during the pandemic shutdowns and not, as he has implied, newly created jobs. The United States did not recover the 25 million jobs lost during the pandemic until July 2022. However, much of that recovery came from a small number of red states, as most states were still lagging behind pre-pandemic levels.

According to Tim McMahon, the editor at UnemploymentData.com, employment is only 1.876 million above pre-pandemic levels—a far cry from the 12 million jobs Biden claims to have created. The civil population has also increased by roughly 6.3 million since the pandemic began, meaning those new jobs represent an even smaller share of the population.

https://pjmedia.com/news-and-politi...dens-claims-about-jobs-and-inflation-n1667714


Great reporting there Hobbit.

 

[VinnyVeritas]

And before we start making other faux claims of the efficacy of the Biden Administration:

Biden claimed that jobs were “hemorrhaging” when he took office, but this is belied by data from the Bureau of Labor Statistics, which shows that the pandemic employment crash bottomed out in April 2020 and was trending upward well before he took office.

As for Biden’s claims about inflation, the inflation rate in January 2021, when he took office, was a mere 1.4%, which was on par with the average inflation rate of 1.2% for all of 2020 and was the lowest monthly inflation rate of Biden’s entire presidency. Inflation peaked at 9.1% in June of 2022.


Same Source.

 

[schism666]

Same Source.

yes, the same source that told you that things are going better than before but you can't give the prez credit because of your rw partisan bullshit beliefs.

 

[jaF0]

Somebody's posting in their PJs.

 

[phrodeau]

The White House
@WhiteHouse

United States government organization

Thanks to President Biden’s economic plan, the unemployment rate is down to 3.4%. That’s the lowest level in 54 years.

 

[JoePepsiCo]

And before we start making other faux claims of the efficacy of the Biden Administration:

Biden claimed that jobs were “hemorrhaging” when he took office, but this is belied by data from the Bureau of Labor Statistics, which shows that the pandemic employment crash bottomed out in April 2020 and was trending upward well before he took office.

As for Biden’s claims about inflation, the inflation rate in January 2021, when he took office, was a mere 1.4%, which was on par with the average inflation rate of 1.2% for all of 2020 and was the lowest monthly inflation rate of Biden’s entire presidency. Inflation peaked at 9.1% in June of 2022.


Same Source.

Maybe you should take those numbers with a grain of salt.

 

[JoePepsiCo]

FACT CHECK: Biden's Claims About Jobs and Inflation​

Biden has been claiming to have created more jobs than any of his predecessors since his first year in office, which coincided with the reopening of the economy after the COVID shutdowns ended. However, the bulk of the jobs he claims to have “created” were actually primarily jobs lost during the pandemic shutdowns and not, as he has implied, newly created jobs. The United States did not recover the 25 million jobs lost during the pandemic until July 2022. However, much of that recovery came from a small number of red states, as most states were still lagging behind pre-pandemic levels.

According to Tim McMahon, the editor at UnemploymentData.com, employment is only 1.876 million above pre-pandemic levels—a far cry from the 12 million jobs Biden claims to have created. The civil population has also increased by roughly 6.3 million since the pandemic began, meaning those new jobs represent an even smaller share of the population.

https://pjmedia.com/news-and-politi...dens-claims-about-jobs-and-inflation-n1667714


Great reporting there Hobbit.

Did you not see that you were called out for parroting misleading Administration statements?

 

[phrodeau]

Did you not see that you were called out for parroting misleading Administration statements?

Hm, trust government officials, or trust pjmedia.com, unemploymentdata.com and usinflationcalculator.com? How can anyone decide?

 

[ll74]

Did you not see that you were called out for parroting misleading Administration statements?

Pjmedia has a direct parrot to this forum.