Biden's Grade on the Economy improves from B+ to A-

[Fantine]

Biden’s grade on the economy rises to A-

Some highlights of the report:

Of the eight presidents, Biden gets the highest marks for the total number of new jobs created since he took office, and also for real GDP growth per capita. Biden also gets top marks for the increase in exports during his presidency, although that data only goes back to 1993, so he’s the best of five presidents.

Biden gets second-best marks for the number of new manufacturing jobs, and for gains in the S&P 500 stock index. His only sub-par number is on average hourly earnings, where he ranks second-last.

 

[chevyontheriver]

Biden’s grade on the economy rises to A-

Some highlights of the report:

Most of the stimulus that jolted the economy out of a deep downturn came from fiscal stimulus Congress passed in 2020 and from Federal Reserve magic. Biden simply came into office at the right time.

Inflation is now running at 7% and forcing millions of families to pay more for rent, food, gas and home heating.

Few consumers would give the economy an A-. I might give it a C.

 

[Pavel Mosko]

Most of the stimulus that jolted the economy out of a deep downturn came from fiscal stimulus Congress passed in 2020 and from Federal Reserve magic. Biden simply came into office at the right time.

That but there is usually an economic bounce back when you have things like recessions, depressions, or in our case lockdowns. The acceleration of the economy of people finally spending money when they have been hunkered down and trying to save as much as possible is going to look good on the books.


But all the stuff I have heard on these various programs do not seem like they are going to grow the economy as much as they are things like political patronage etc. And there is lots wrong with the Green New Deal, build back better or whatever the name of the week is.

Unless aliens descend and gives us some kind super technology for that it is going to be impossible for that stuff to save us with things like energy density and the basic laws of physics. It is always going to take more energy to mine, synthesize, manufacture and construct and transport that stuff than the energy you are going to get out of it, before it breaks down, wears out or needs a tune up.


But maybe their is a cold fusion machine sitting somewhere near Roswell...

 

[disciple Clint]

Biden’s grade on the economy rises to A-

Some highlights of the report:

Nothing like following a pandemic to improve the appearance of a failing administration.

 

[timothyu]

Kind of interesting how things get better for him when businesses that were closed down and people who were laid off or told to stay at home suddenly start getting back to normal. Big jump indeed. What a man.

 

[Fantine]

Nothing like following a pandemic to improve the appearance of a failing administration.

The previous president had ten months to improve the appearance of his administration following a pandemic, but instead we had ten months of chaos, pullbacks, and mixed messages.

 

[Fantine]

Kind of interesting how things get better for him when businesses that were closed down and people who were laid off or told to stay at home suddenly start getting back to normal. Big jump indeed. What a man.

As I recall, President Obama didn't get any credit for pulling us out of the worst recession in history, either. Improvement doesn't happen automatically. It takes guidance.

 

[timothyu]

Improvement doesn't happen automatically. It takes guidance.

In this case the guidance was a kinder gentler variant that allowed people to get back to work.

 

[probinson]

From the article;

Much of this robust economic performance represents the sharp snapback from the COVID recession in 2020—and has little to do with Biden policies.

...

Most of the stimulus that jolted the economy out of a deep downturn came from fiscal stimulus Congress passed in 2020 and from Federal Reserve magic. Biden simply came into office at the right time.​

 

[timothyu]

I'd be willing to bet if the opposition had remained in power the media wouldn't be so quick to give credit to the leader, but instead the 'snapback'.

 

[GreekOrthodox]

When I was in college, we asked an economics professor how much influence a president has over the economy. His response was a president can't make the economy improve but they can make it tank when it comes to consumer confidence.

IMHO, with the Covid stuff, we cant blame Trump or credit Biden. Too many factors are involved such as the global economy tanking, the change from commuting to remote, supply chain shortages, shipping problems, etc.. We're not working with a good baseline from 2022 to 2021 or 2020. One option is to compare 2022 to 2019 but even that can be misleading.

 

[timothyu]

We're not working with a good baseline from 2022 to 2021 or 2020.

It's called the Great Reset by the WEF

 

[Blade]

The previous president had ten months to improve the appearance of his administration following a pandemic, but instead we had ten months of chaos, pullbacks, and mixed messages.

Praise God.. ok now I understand all this..

 

[GreekOrthodox]

It's called the Great Reset by the WEF

And its very similar to the Bretton Woods Agreement at the end of World War 2.

The Great Coronavirus Reset: Five New Bretton Woods Institutions For 21st Century’s Exponential Challenges

 

[chevyontheriver]

As I recall, President Obama didn't get any credit for pulling us out of the worst recession in history, either. Improvement doesn't happen automatically. It takes guidance.

He did get the Nobel Peace Prize for getting us out of Afghanistan. So he's not hurting for recognition.

 

[timothyu]

And its very similar to the Bretton Woods Agreement at the end of World War 2.

Yes, new ways to profit when the old ways have gone stagnant.

 

[GreekOrthodox]

Yes, new ways to profit when the old ways have gone stagnant.

How did the Bretton Woods Agreement affect "profit" considering it was conceived as one method to prevent a re-occurrence of the Treaty of Versailles which set up conditions for the rise of fascism in Germany as well as trying to prevent a second Great Depression?

 

[timothyu]

trying to prevent a second Great Depression?

There you have it. Changes are never made for the benefit of the people but only to serve the elite. If there happens to be a trickle down effect, so be it but as we are seeing with this new reset the agenda is you will own nothing and be happy. Wonder if they told that to slaves and indentured servants throughout history. Same concept.

 

[GreekOrthodox]

There you have it. Changes are never made for the benefit of the people but only to serve the elite. If there happens to be a trickle down effect, so be it but as we are seeing with this new reset the agenda is you will own nothing and be happy. Wonder if they told that to slaves and indentured servants throughout history. Same concept.

What would your proposal be? I have my own reservations as I don't believe it will work in the long run due to greed, but minimizing some of the imbalances that have happened over the decades, it is at least a start. This is from Wikipedia

Three core components of the Great Reset.[2] The first includes creating conditions for a "stakeholder economy"; improving policies and agreements on taxes, regulations, fiscal policies and trade to result in "fairer outcomes".[2] The second component addresses how the large-scale pandemic spending programs with private investments and pension funds could improve on the old system by building one that is more "resilient, equitable and sustainable" over the long term by "building green urban infrastructure and creating incentives for industries to improve their track record on environmental, social and governance (ESG) metrics". The third component of a Great Reset agenda is to "harness the innovations of the Fourth Industrial Revolution" for the public good.

This fusion of technologies included "fields such as artificial intelligence, robotics, the Internet of Things, autonomous vehicles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage and quantum computing."​

My own employment is within a merging of technologies of AI, IoT, and robotics within medical technology. I run a communication system that has its original idea in Star Trek communicators so as a self-professed geek, it's pretty exciting to me. My system interfaces with over 140 medical devices to deliver alerts and notifications to a hospital staff. One of those also has it's background in the ST medical beds from the 1960s show where a set of sensors can measure temperature, respiration and for those with spinal injuries, alerts staff to turn the patients if they have been in one position too long to prevent pressure wounds.

 

[timothyu]

My own employment is within a merging of technologies of AI

Kudos to you but don't forget that for every good innovation that comes along it will be weaponized to use for other more controlling and profitable purposes. When a few hundred or even thousand people hold power over 8 billion, it will never be change for the benefit of all but for increasing a fragile control.

“World War II was the quintessential transformational war, triggering not only fundamental changes to the global order and the global economy, but also entailing radical shifts in social attitudes and beliefs that eventually paved the way for radically new policies and social contract provisions”

“the inclusion of stakeholders and the distribution of benefits” and of “sustainable and inclusive partnerships” which will lead us all to an “inclusive, sustainable and prosperous future”

The Fourth Industrial Revolution: “As human cloud platforms classify workers as self-employed, they are—for the moment—free of the requirement to pay minimum wages, employer taxes and social benefits”

“Aging is an economic challenge because unless retirement ages are drastically increased so that older members of society can continue to contribute to the workforce (an economic imperative that has many economic benefits), the working-age population falls at the same time as the percentage of dependent elders increases”

“The tools of the fourth industrial revolution enable new forms of surveillance and other means of control that run counter to healthy, open societies”

“The idea of reforming governance models to cope with new technologies is not new, but the urgency of doing so is far greater in light of the power of today’s emerging technologies… the concept of agile governance seeks to match the nimbleness, fluidity, flexibility and adaptiveness of the technologies themselves and the private-sector actors adopting them”

...Klaus Schwab Co-Founder of the WEF