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70% Say Joe Biden and Kamala Harris’s Economy Is Getting Worse

iluvatar5150

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Love, love, love your chart - let's take a closer look - I highlighted my point in red also

View attachment 352546

Mr Trump's first month in office - YOUR NUMBERS - Inflation was 2.7% - It go up by .2% at it's highest and when he left office the inflation rate was 1.4% - Mr. Biden inherited that rate and it rose by 678% within 17 months - is has dropped now to 3% which is over 150% higher than Mr. Trumps -


You described it as "an almost four year decline". It wasn't an "almost four year decline." It rose slightly over the first year and a half.
 
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Always in His Presence

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Hmmm....maybe we should try to find out why people would even be for Trump at all, today, after all that's he's said and done.
Oohh.... me, me - can I go first?

  1. Strong 2nd Amendment advocate
  2. Strong right to life advocate
  3. Four time Nobel Peace Prize Nominee
  4. No wars
  5. The end of ISIS
  6. Better Control of the border than in years
  7. Remain in Mexico
  8. Tax cut that benefitted 85% of the tax paying population
  9. Tax credits that helped the middle class
  10. Inflation at 1.4%
  11. 30 Year mortgages at 2.3%
  12. Gas below $2.00 a gallon
  13. The start of the Southern fence
  14. Revamping the VA
  15. Right to Try
  16. Rebuilding the military
  17. Getting us out of the Paris accord fiasco
  18. Getting NATO members to contribute more than they ever have
  19. operation warp speed - the fastest roll out of a vaccine in history.
  20. Lowering corporate tax resulting in the repatriation of hundreds of billions of dollars from companies keeping the funds off shore
Hmmm... that's just off the top of my head -
 
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Always in His Presence

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Mr Trump's first month in office - YOUR NUMBERS - Inflation was 2.7% - It go up by .2% at it's highest and when he left office the inflation rate was 1.4%

You described it as "an almost four year decline". It wasn't an "almost four year decline." It rose slightly over the first year and a half.
That's right it went up a whopping 0.2% and then dropped for an almost (not total) four year decline. Not sure how else to say that/
 
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Tropical Wilds

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Oohh.... me, me - can I go first?

  1. Strong 2nd Amendment advocate
  2. Strong right to life advocate
  3. Four time Nobel Peace Prize Nominee
  4. No wars
  5. The end of ISIS
  6. Better Control of the border than in years
  7. Remain in Mexico
  8. Tax cut that benefitted 85% of the tax paying population
  9. Tax credits that helped the middle class
  10. Inflation at 1.4%
  11. 30 Year mortgages at 2.3%
  12. Gas below $2.00 a gallon
  13. The start of the Southern fence
  14. Revamping the VA
  15. Right to Try
  16. Rebuilding the military
  17. Getting us out of the Paris accord fiasco
  18. Getting NATO members to contribute more than they ever have
  19. operation warp speed - the fastest roll out of a vaccine in history.
  20. Lowering corporate tax resulting in the repatriation of hundreds of billions of dollars from companies keeping the funds off shore
Hmmm... that's just off the top of my head -
Holy history rewrite, Batman.
 
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iluvatar5150

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That's right it went up a whopping 0.2% and then dropped for an almost (not total) four year decline. Not sure how else to say that/
Trump was only in office for four years. Inflation stayed flat / slightly increased over the first year and a half, fell for about two years (bottoming out in May of 2020), and then started rebounding for the remaining 7-8 months. It hit 0.1% in May 2020 but was back up to 1.4% by the time he left office. That rebound represents a 1300% increase, which is more than double the peak-to-peak increase we saw under Biden (i.e. from 1.4% to 9.1%, or about a 550% increase)

That's not an "almost four year decline".
 
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Always in His Presence

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Trump was only in office for four years. Inflation stayed flat / slightly increased over the first year and a half, fell for about two years (bottoming out in May of 2020), and then started rebounding for the remaining 7-8 months. It hit 0.1% in May 2020 but was back up to 1.4% by the time he left office. That rebound represents a 1300% increase, which is more than double the peak-to-peak increase we saw under Biden (i.e. from 1.4% to 9.1%, or about a 550% increase)

That's not an "almost four year decline".
My knife isn't sharp enough to split that hair

OK - but last I looked almost meant

almost /ôl′mōst″, ôl-mōst′/

adverb​

  1. Slightly short of; not quite; nearly.
 
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Always in His Presence

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Let's look at it another way - how many months did Trump/Pence have with an inflation rate BELOW the one he inherited? I boxed them so people can count along

Capture.JPG


Looks like 43 out of 48 months (That could be an almost) -

Now let's compare Biden/Harris have with an inflation rate BELOW the one he inherited.

That would be ZERO
 
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Halbhh

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Oohh.... me, me - can I go first?

  1. Strong 2nd Amendment advocate
  2. Strong right to life advocate
  3. Four time Nobel Peace Prize Nominee
  4. No wars
  5. The end of ISIS
  6. Better Control of the border than in years
  7. Remain in Mexico
  8. Tax cut that benefitted 85% of the tax paying population
  9. Tax credits that helped the middle class
  10. Inflation at 1.4%
  11. 30 Year mortgages at 2.3%
  12. Gas below $2.00 a gallon
  13. The start of the Southern fence
  14. Revamping the VA
  15. Right to Try
  16. Rebuilding the military
  17. Getting us out of the Paris accord fiasco
  18. Getting NATO members to contribute more than they ever have
  19. operation warp speed - the fastest roll out of a vaccine in history.
  20. Lowering corporate tax resulting in the repatriation of hundreds of billions of dollars from companies keeping the funds off shore
Hmmm... that's just off the top of my head -
I saw right off an important one at top, and I like to look at 1 thing at a time, so:

"Strong 2nd Amendment advocate"

2nd Amendment: "A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed"

As someone that grew up shooting guns, since age 7, I do like that Harris positions supporting better 2nd Amendment endorsed "well regulated" ownership of guns so that we have few mass shootings -- that she supports Red Flag Laws, just like most gun owners in America also support, and also Universal Background Checks (closing the loopholes) -- which also a majority of gun owners also favor.

So, I'll give Harris an A so far, at the moment.

I can't grade Trump yet, because I don't know whether he generally supports Red Flag laws and closing Background Check loopholes. Do you know? Did Trump commit to working for those?

As someone that grew up shooting guns, already at age 7 or so doing target practice with a revolver, I'm hoping to see the good common sense gun regulation most gun owners support but which the NRA has blocked for years finally become widespread everywhere in the U.S.
 
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BPPLEE

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Sentiment is an important thing to consider, but it’s separate from actual economic performance and it’s rather easy to manipulate.

Think about perceptions of crime: lots of people think crime is out of control, but aside from a bit of an uptick during the pandemic (that’s mostly corrected itself afaik), crime rates have been falling for 40 years. Why do people think that things are bad? Because they see a couple of problem areas get amplified by a media that’s incentivized to exaggerate those problems, and then incorrectly extrapolate those problems to the rest of society. After all, if the area around Oakland Airport is having a crime spike, then the entire country must be experiencing a spike, right?



That’s not correct. People are easily influenced by things they see and things they hear about. Worry about the future doesn’t mean things are bad right now; it means people aren’t confident in the future.
Crime statistics are skewed because only about 70% of Law Enforcement agencies report statistics to the FBI.
There are several major cities that didn’t report anything at all.
The FBI has made the process more difficult so some departments just don’t bother.

 
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BPPLEE

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No, the data polls what people actually are experiencing, not what they're feeling. If your wages are keeping up with inflation, they're keeping up with inflation, whether you feel good about things or not.
Not everyone’s are
 
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BPPLEE

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No, the data polls what people actually are experiencing, not what they're feeling. If your wages are keeping up with inflation, they're keeping up with inflation, whether you feel good about things or not.
Once again all rations were reduced, except those of the pigs and the dogs. A too rigid equality in rations, Squealer explained, would have been contrary to the principles of Animalism. In any case he had no difficulty in proving to the other animals that they were not in reality short of food, whatever the appearances might be. For the time being, certainly, it had been found necessary to make a readjustment of rations (Squealer always spoke of it as a "readjustment," never as a "reduction"), but in comparison with the days of Jones, the improvement was enormous. Reading out the figures in a shrill, rapid voice, he proved to them in detail that they had more oats, more hay, more turnips than they had had in Jones's day, that they worked shorter hours, that their drinking water was of better quality, that they lived longer, that a larger proportion of their young ones survived infancy, and that they had more straw in their stalls and suffered less from fleas. The animals believed every word of it.

-George Orwell, Animal Farm
 
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Akita Suggagaki

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Let's look at it another way - how many months did Trump/Pence have with an inflation rate BELOW the one he inherited? I boxed them so people can count along

View attachment 352548

Looks like 43 out of 48 months (That could be an almost) -

Now let's compare Biden/Harris have with an inflation rate BELOW the one he inherited.

That would be ZERO
How was that accomplished? What contributed to lower inflation rate?
 
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Laodicean60

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Trump inherited a very good inflation situation when he took office in 2017, and Biden in contrast inherited an awakening inflation situation when he took office in 2021
Inflation usually rises in a strong economy and in 2018 the Fed started raising interest rates which Trump criticized in the news. They say they're separate entities but they're not. Biden inherited COVID
 
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expos4ever

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For those 60 to 70% of adults in the USA, the economy is getting worse for them.
What does this even mean? People's perceptions do not always line up with reality. What matters when it comes to proper evaluation of the actual economic performance of the Biden administration are the facts, not the opinions.

People routinely have a negativity bias - they see things as worse than they actually are.
 
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wing2000

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Inflation usually rises in a strong economy and in 2018 the Fed started raising interest rates which Trump criticized in the news. They say they're separate entities but they're not. Biden inherited COVID

The Federal Reserve and the Executive branch are separate entities.

The Federal Reserve System is considered to be an independent central bank. It is so, however, only in the sense that its decisions do not have to be ratified by the President or anyone else in the executive branch of the government. The entire System is subject to oversight by the U.S. Congress….the Federal Reserve must work within the framework of the overall objectives of economic and financial policy established by the government.
 
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wing2000

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What does this even mean? People's perceptions do not always line up with reality. What matters when it comes to proper evaluation of the actual economic performance of the Biden administration are the facts, not the opinions.

People routinely have a negativity bias - they see things as worse than they actually are.

IMO, people's perceptions of the economy are primarily driven by the price of goods they buy everyday - groceries, gas, etc. There's a false expectation that prices will come back down to pre-covid levels. It's not going to happen unless consumers simply stop buying the goods in question.
 
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BPPLEE

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What does this even mean? People's perceptions do not always line up with reality. What matters when it comes to proper evaluation of the actual economic performance of the Biden administration are the facts, not the opinions.

People routinely have a negativity bias - they see things as worse than they actually are.
Once again all rations were reduced, except those of the pigs and the dogs. A too rigid equality in rations, Squealer explained, would have been contrary to the principles of Animalism. In any case he had no difficulty in proving to the other animals that they were not in reality short of food, whatever the appearances might be. For the time being, certainly, it had been found necessary to make a readjustment of rations (Squealer always spoke of it as a "readjustment," never as a "reduction"), but in comparison with the days of Jones, the improvement was enormous. Reading out the figures in a shrill, rapid voice, he proved to them in detail that they had more oats, more hay, more turnips than they had had in Jones's day, that they worked shorter hours, that their drinking water was of better quality, that they lived longer, that a larger proportion of their young ones survived infancy, and that they had more straw in their stalls and suffered less from fleas. The animals believed every word of it.

-George Orwell, Animal Farm
 
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