Please be open to feedback and constructive criticism from others, and consider their suggestions and advice when making decisions or forming opinions.
- Manlobbi
Personal Finance Topics / Macroeconomic Trends and Risks
No. of Recommendations: 7
The vision of the U.S. as a hellscape that can only be fixed by purging the government of Democrats does not reflect reality. As Peter Baker recorded in the New York Times today, the country that President Joe Biden and his Democratic administration will leave behind when they leave office is in the best shape it’s been in since at least 2000.
No U.S. troops are fighting in foreign wars, murders have plummeted, deaths from drug overdoses have dropped sharply, undocumented immigration is below where it was when Trump left office, stocks have just had their best two years since the last century. The economy is growing, real wages are rising, inflation has fallen to close to its normal range, unemployment is at near-historic lows, and energy production is at historic highs. The economy has added more than 700,000 manufacturing jobs among the 16 million total created since 2020.
Baker quoted chief economist of Moody’s Analytics Mark Zandi, who said: “President Trump is inheriting an economy that is about as good as it ever gets.”
From second part of Heather CoxRichardson’s daily missive
No. of Recommendations: 2
The vision of the U.S. as a hellscape that can only be fixed by purging the government of Democrats does not reflect reality. As Peter Baker recorded in the New York Times today, the country that President Joe Biden and his Democratic administration will leave behind when they leave office is in the best shape it’s been in since at least 2000.
Hahahahahahahaha!
No. of Recommendations: 5
Alas, Joe Sixpack doesn't know all that. All he knows is some things are more expensive than they were four years ago (eggs, etc). Blame whichever party is in charge at that time (which has some validity, but it's still a lot more complex than that...but J6P is oblivious, in part because he isn't really interested in the minutiae). This is without consideration to political leanings (e.g. allow more/less immigrants, etc).
I predict in four years the economy will be a lot worse (except for the less-than-1%-ers). The convict's plans already have been panned by economists. I'm not sure how much he can do without Congress, and the filibuster is still in place (for the moment).
No. of Recommendations: 3
resident Joe Biden and his Democratic administration will leave behind when they leave office is in the best shape it’s been in since at least 2000.
Hahahahahahahaha!
Are you willing to share what you deem as important objective metrics for "the shape" of the country? If so, we can see where they are now and track the trend over the next few years...
Alan
