Mounting Evidence Of A Nightmare Economic Scenario

[Rightguide]

Mounting Evidence Is Pointing To A Nightmare Scenario For The US Economy​

(REUTERS/Kevin Lamarque)

WILL KESSLERCONTRIBUTOR
April 28, 202410:39 AM ET

Stagflation is a unique economic phenomenon that involves slow growth, high unemployment, and elevated inflation and is particularly difficult to address as solutions for one issue can exacerbate the others, according to Investopedia. The most notable example of stagflation occurred in the 1970’s, after an oil crisis.

The U.S. national debt climbed above $34 trillion for the first time at the start of 2024 and currently sits at nearly $34.6 trillion, according to the Treasury Department. The national debt has increased by around $6.8 trillion since President Joe Biden first took office in January 2021.

“Stagflation is the inevitable result of Bidenomics,” Michael Faulkender, chief economist at the America First Policy Institute, told the DCNF. “When you massively increase spending, whether green subsidies or student loan forgiveness, while simultaneously reducing the ability of the economy to produce because of all the regulatory restrictions being imposed, you get reductions in growth with higher prices. If Bidenomics continues, then we should expect stagflation to continue.”

Biden has made high-spending policies part of his broader agenda, signing the $1.9 trillion American Rescue Plan in March 2021 and the $1.2 trillion Bipartisan Infrastructure Law in November 2021. The president also signed the Inflation Reduction Act in August 2022, which authorized $750 billion in new spending, with $370 billion of that dedicated to green initiatives to combat climate change.

More here: https://dailycaller.com/2024/04/28/mounting-evidence-nightmare-scenario-us-economy-stagflation/

This is Bidenomics coming home to roost.

 

[ll74]

B
D
S

 

[Rightguide]

B
D
S

^^^
Chooses to remain ignorant.

If this is all you have there is no need to reply. I'm already aware of your denialism. The term refers to your ubiquitous use of the "BDS" insanity to deny reality as a way to avoid accepting a psychologically uncomfortable truth. You seem to be very comfortable supporting an irrational action that withholds validation of a historical reality that refuses to accept an empirically verifiable reality. But, we must recognize that you are a creature of the Left and thus intellectually disabled.

 

[ll74]

^^^
Chooses to remain ignorant.

If this is all you have there is no need to reply. I'm already aware of your denialism. The term refers to your ubiquitous use of the "BDS" insanity to deny reality as a way to avoid accepting a psychologically uncomfortable truth. You seem to be very comfortable supporting an irrational action that withholds validation of a historical reality that refuses to accept an empirically verifiable reality. But, we must recognize that you are a creature of the Left and thus intellectually disabled.

How many threads have you created about your obsession?

 

[Rightguide]

How many threads have you created about your obsession?

My obsession is my country and my freedom. Affairs you aren't concerned with.

 

[ll74]

My obsession is my country and my freedom. Affairs you aren't concerned with.

Of course it is

B
D
S

 

[stxjimmy]

Mounting Evidence Is Pointing To A Nightmare Scenario For The US Economy​

(REUTERS/Kevin Lamarque)

WILL KESSLERCONTRIBUTOR
April 28, 202410:39 AM ET

Stagflation is a unique economic phenomenon that involves slow growth, high unemployment, and elevated inflation and is particularly difficult to address as solutions for one issue can exacerbate the others, according to Investopedia. The most notable example of stagflation occurred in the 1970’s, after an oil crisis.

The U.S. national debt climbed above $34 trillion for the first time at the start of 2024 and currently sits at nearly $34.6 trillion, according to the Treasury Department. The national debt has increased by around $6.8 trillion since President Joe Biden first took office in January 2021.

“Stagflation is the inevitable result of Bidenomics,” Michael Faulkender, chief economist at the America First Policy Institute, told the DCNF. “When you massively increase spending, whether green subsidies or student loan forgiveness, while simultaneously reducing the ability of the economy to produce because of all the regulatory restrictions being imposed, you get reductions in growth with higher prices. If Bidenomics continues, then we should expect stagflation to continue.”

Biden has made high-spending policies part of his broader agenda, signing the $1.9 trillion American Rescue Plan in March 2021 and the $1.2 trillion Bipartisan Infrastructure Law in November 2021. The president also signed the Inflation Reduction Act in August 2022, which authorized $750 billion in new spending, with $370 billion of that dedicated to green initiatives to combat climate change.

More here: https://dailycaller.com/2024/04/28/mounting-evidence-nightmare-scenario-us-economy-stagflation/

This is Bidenomics coming home to roost.

US Inflation Rate is at 3.48%, compared to 3.15% last month and 4.98% last year. This is higher than the long term average of 3.28%.

US Unemployment Rate is at 3.80%, compared to 3.90% last month and 3.50% last year.

GDP increased at a 1.6% annualized rate last quarter, the slowest pace since the second quarter of 2022, the Commerce Department's Bureau of Economic Analysis said. Economists polled by Reuters had forecast GDP would rise at a 2.4% rate, with estimates ranging from a 1.0% pace to a 3.1% rate.

More histrionics from reichguide. Where is your evidence of stagflation, high unemployment and low growth.

 

[Rightguide]

US Inflation Rate is at 3.48%, compared to 3.15% last month and 4.98% last year. This is higher than the long term average of 3.28%.

US Unemployment Rate is at 3.80%, compared to 3.90% last month and 3.50% last year.

GDP increased at a 1.6% annualized rate last quarter, the slowest pace since the second quarter of 2022, the Commerce Department's Bureau of Economic Analysis said. Economists polled by Reuters had forecast GDP would rise at a 2.4% rate, with estimates ranging from a 1.0% pace to a 3.1% rate.

More histrionics from reichguide. Where is your evidence of stagflation, high unemployment and low growth.

It might help if you read the article:

The U.S. economy is showing signs of stagflation as growth slumps down and prices continue to surge for average Americans, experts told the Daily Caller News Foundation.
U.S. annual economic growth measured just 1.6% in the first quarter of 2024, following a report of persistently high inflation in March of 3.5% year-over-year. The combination of both low growth and high inflation, in conjunction with continuously high amounts of government spending and debt, has led to signs of stagflation in the U.S. economy, which wreaked havoc on U.S. consumers throughout the 1970’s, according to experts who spoke to the DCNF. (RELATED: Fed’s Preferred Inflation Gauge Surges Higher In Yet Another Worrying Sign For US Economy)

“It’s not so much that we risk stagflation as we’re already there,” E.J. Antoni, a research fellow at the Heritage Foundation’s Grover M. Hermann Center for the Federal Budget, told the DCNF. “We have basically pulled forward trillions of dollars of economic growth by borrowing from the future, but that must be repaid at some point. And it is highly inefficient as well.”

 

[Rotadom]

My obsession is my country and my freedom. Affairs you aren't concerned with.

You live alone in a Podunk town and rarely interact with live humans. Your contribution to "your freedom" is negligible and unremarkable.

 

[stxjimmy]

It might help if you read the article:

The U.S. economy is showing signs of stagflation as growth slumps down and prices continue to surge for average Americans, experts told the Daily Caller News Foundation.
U.S. annual economic growth measured just 1.6% in the first quarter of 2024, following a report of persistently high inflation in March of 3.5% year-over-year. The combination of both low growth and high inflation, in conjunction with continuously high amounts of government spending and debt, has led to signs of stagflation in the U.S. economy, which wreaked havoc on U.S. consumers throughout the 1970’s, according to experts who spoke to the DCNF. (RELATED: Fed’s Preferred Inflation Gauge Surges Higher In Yet Another Worrying Sign For US Economy)

“It’s not so much that we risk stagflation as we’re already there,” E.J. Antoni, a research fellow at the Heritage Foundation’s Grover M. Hermann Center for the Federal Budget, told the DCNF. “We have basically pulled forward trillions of dollars of economic growth by borrowing from the future, but that must be repaid at some point. And it is highly inefficient as well.”

There’s no economy in the world where inflation at 3.5%, unemployment at 3.8% and positive growth is considered to be stagflation.
Inflation at 3.48 as against the long term average of 3.28 is not surging.

 

[Bray123]

https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?end=2022&locations=US&start=2012
The US GDP is back to the figures maintained consistently since 2010 (ignoring the Trump disaster and subsequent recovery).

https://www.statista.com/statistics/269959/employment-in-the-united-states/
The US employment / unemployment rate has recovered and is back to the steady increase maintained since 2010 (after the Trump disaster).

The Daily Missed Caller is not a serious news site. They are lying to you.

 

[RobDownSouth]

The Heritage Foundation is bearish with a Democrat in the White House

I'm shocked, I tell you. Shocked.

 

[Chobham]

The unemployment numbers are bogus.

Without getting into how the unemployment numbers are calculated, which is suspect unto itself, let's deal with some reality.

Somewhere in the neighborhood of 7.2 million illegals have entered the country since Biden took office. Roughly 50% of those illegals have been granted work permits. So for discussions sake we'll say that 3 million are looking for work, but are they? First of all they aren't counted among the unemployed although in reality they are unemployed. The Bureau of Labor Statistics says there are 6.4 million citizens unemployed. Throw in the illegals and we're approaching 10 million which skews the unemployment rate to approx. 5%.

These illegals are being subsidized by the US taxpayer and are using those monies to compete for goods and services which is a driver of the inflation rate.

I am NOT suggesting that the stagflation is ALL due to the presence of the illegals, it isn't, but it is a significant contributing factor.

 

[ll74]

The unemployment numbers are bogus.

Without getting into how the unemployment numbers are calculated, which is suspect unto itself, let's deal with some reality.

Somewhere in the neighborhood of 7.2 million illegals have entered the country since Biden took office. Roughly 50% of those illegals have been granted work permits. So for discussions sake we'll say that 3 million are looking for work, but are they? First of all they aren't counted among the unemployed although in reality they are unemployed. The Bureau of Labor Statistics says there are 6.4 million citizens unemployed. Throw in the illegals and we're approaching 10 million which skews the unemployment rate to approx. 5%.

These illegals are being subsidized by the US taxpayer and are using those monies to compete for goods and services which is a driver of the inflation rate.

I am NOT suggesting that the stagflation is ALL due to the presence of the illegals, it isn't, but it is a significant contributing factor.

It's good to see that Republicans also wish to reform the asylum process. I'm glad you'll be calling your reps to support the most substantial immigration reform bill in the last 20 years!

 

[John_von_Neumann]

My obsession is my country and my freedom. Affairs you aren't concerned with.

Your obsession is fecal matter and other men's buttholes, scatman.

 

[PaxNurgle]

My obsession is my country and my freedom. Affairs you aren't concerned with.

Obsessed with your country- I'm guessing that is Russia.
Obsessed with my freedom- you seem obsessed with having the government take it away from the rest of us.

As for your economic theory- you seem to want to blame Biden for everything. You fail to even address the possible causes of the economic situation, rather, you like to point it out and simply say "It's all Biden's Fault." Investing in green technology is, if anything, an engine of economic growth spurred by new innovation and new solutions. Forgiving student loans allows more discresionary income which leads to more consumer spending, driving the economy. Inflation was also driven by low supplies due to factories being shut down overseas- particularly China- and this happened a) under the watch of the previous president and b) was due to production and shipping being curtailed by the Chinese government, not the American one.

 

[stxjimmy]

The unemployment numbers are bogus.

Without getting into how the unemployment numbers are calculated, which is suspect unto itself, let's deal with some reality.

Somewhere in the neighborhood of 7.2 million illegals have entered the country since Biden took office. Roughly 50% of those illegals have been granted work permits. So for discussions sake we'll say that 3 million are looking for work, but are they? First of all they aren't counted among the unemployed although in reality they are unemployed. The Bureau of Labor Statistics says there are 6.4 million citizens unemployed. Throw in the illegals and we're approaching 10 million which skews the unemployment rate to approx. 5%.

These illegals are being subsidized by the US taxpayer and are using those monies to compete for goods and services which is a driver of the inflation rate.

I am NOT suggesting that the stagflation is ALL due to the presence of the illegals, it isn't, but it is a significant contributing factor.

Someone else who has no idea what stagflation is.

 

[Lazaran]

Obsessed with your country- I'm guessing that is Russia.
Obsessed with my freedom- you seem obsessed with having the government take it away from the rest of us.

As for your economic theory- you seem to want to blame Biden for everything. You fail to even address the possible causes of the economic situation, rather, you like to point it out and simply say "It's all Biden's Fault." Investing in green technology is, if anything, an engine of economic growth spurred by new innovation and new solutions. Forgiving student loans allows more discresionary income which leads to more consumer spending, driving the economy. Inflation was also driven by low supplies due to factories being shut down overseas- particularly China- and this happened a) under the watch of the previous president and b) was due to production and shipping being curtailed by the Chinese government, not the American one.

There are also hidden / unrecognized benefits from President Biden’s policies.

A healthier and less financially overburdened public is more likely to remain happily engaged in society, and not fall victim to addiction or depression.

The psychological and societal benefits of a caring President and government that is responsive to the genuine / basic needs of the public is grossly underrated.

 

[MajorRewrite]

RightGuide’s linked articles often include information that refutes his conclusions from the article:

“When stagflation last occurred in the 1970s and early 1980s, the U.S. economy had significantly different characteristics.”

 

[JoePepsiCo]

Relax! The Democrats hold the White House, so the economy is good.

There are, and will be, no warning signs, unless Trump improbably wins.

 

[Chobham]

Relax! The Democrats hold the White House, so the economy is good.

There are, and will be, no warning signs, unless Trump improbably wins.

Bidenomics baby.

 

[DeluxAuto]

The unemployment numbers are bogus.

Without getting into how the unemployment numbers are calculated, which is suspect unto itself, let's deal with some reality.

Somewhere in the neighborhood of 7.2 million illegals have entered the country since Biden took office. Roughly 50% of those illegals have been granted work permits. So for discussions sake we'll say that 3 million are looking for work, but are they? First of all they aren't counted among the unemployed although in reality they are unemployed. The Bureau of Labor Statistics says there are 6.4 million citizens unemployed. Throw in the illegals and we're approaching 10 million which skews the unemployment rate to approx. 5%.

These illegals are being subsidized by the US taxpayer and are using those monies to compete for goods and services which is a driver of the inflation rate.

I am NOT suggesting that the stagflation is ALL due to the presence of the illegals, it isn't, but it is a significant contributing factor.

But your border numbers are most definitely not bogus.

 

[JoePepsiCo]

Just make sure that you always have your towel.


(And your binky that matches your blankey.)

 

[Fuzzy1975]

The unemployment numbers are bogus.

Without getting into how the unemployment numbers are calculated, which is suspect unto itself, let's deal with some reality.

NO get into the numbers. Don't fucking dance around that, and then promote your lies.

 

[JoePepsiCo]

Good factual rebuttal resplendent with facts...

LIES! LIES! LIES I tell you!