Because it's Biden's fault that companies haven't lowered prices to pre-Covid levels before the supply chain fell apart and inflation went through the roof. I'm sure they would all be thrilled if he stepped in and dictated what the price of goods should be.
If you completely ignore the fact that consumer debt is nearing all-time highs, the gap between median income and median house prices being all-time worst, and US personal savings rate now worse than it was pre-covid.... Ya - economy is real great.
So we're giving Biden credit for the good parts of the current economy, but the bad parts he is not responsible for - is that right?
The bad parts are bad because they just never went back to where they were before Covid. Things like the prices of goods. Actual inflation is down, the problem has been solved, but the consequences of the event still exist. There is nothing Biden can do about that short of dictating the price of goods, but for some reason the fact that corporations haven't chosen to take less profits (at our expense) is his fault.
The difference between people like you and me is that you deflect any blame from Biden but give him credit for any positive. Unemployment and inflation have been trending in the right direction which is great - but you can't ignore consumers are hanging by a thread in higher debt levels and depleted savings, both worse than they were pre-covid.
What industries had increased profits for 2023? Curious what you're referring to so I can look at their filings.
There’s a wide gulf between believing the economy is awful and the economy is “real great.”
You still can't even answer the basic question. What can a president do about the things you stated in that post?
That's hilarious. Over 12 million of those jobs were simply recovered from COVID.
I mean many on the Right have been predicting a Recession non-stop since 2021. Three years later and still no recession and there isn't one on the near horizon. GDP growth is over 3% and unemployment is low.
So. He isn’t responsible. Presidents get the blame and credit so that’s the way it is but it’s not like he initiated a jobs program that hired these people.
The exact same thing he did when unemployment was higher. Nothing. That didn’t stop the right from blaming him then. Waiting to hear the right give credit
A couple years ago, yes. But in the last year I have actually seen many walk that back and say we are not on the verge of one. Rs took an economist forecast in 2021 and have run with it since then.
So you agree with what I was saying. Weird that you would say that lacks a basic understanding of economics then. Policies put in place to deal with Covid, delays in implementing any policies, combined with a supply chain collapse creating scarcity of goods, caused run away inflation. Prices went up and now they aren't going back down because that's not what businesses do as long as people still buy those goods.
I apologize if you took my post as a criticism of yours.
People are lazy and stupid, let's keep that in mind. Most have reference points of gas and McDonalds, that's about it. Most also don't buy different items from different stores. Wifey (no pic) and I buy a lot of meat, veggies and fruit from Aldi where it is easily 30% cheaper. Bulk items come from Sam's Club. We only buy from Hy-Vee or the other big grocery stores if they're having crazy sales or we are in a pinch. I can cook a great meal for my family of four for under $10.
“Well, yeah, but BESIDES all that???”Case in point, everybody!!
8 Ways the Biden Administration Has Fought for Working People by Strengthening Unions
At a time when Americans are at their most pro-union, President Joe Biden and his administration are using all the levers of government to support working people and unions.www.americanprogressaction.org
Then you don't understand what I'm saying and you are building assumptions by adding things I did not say. Not surprising. I provided multiple sources showing that corporate greed was a major contributor, if not the greatest contributor to increased prices right now. Just because you don't like that because it can't be blamed on Biden doesn't make it not true. No where did I say it was the only reason, in fact, I provided several other reasons. Something else you seem to not be reading.
