Bidenomics > Reagan's Morning in America (with data!)

In 1984, inflation ran at about 4.36%. In 2023, it was 3.4%, and headed lower due to falling rent.

In 1984, unemployment was 7.5%; in 2023, it was less than half as high, at only 3.6%.

In 1984, interest rates were over 10%; as of today, they’re 5.33%.

In 1984 the S&P 500 returned only 1.4%, after 17.3% in 1983. In 2023 it returned 24.2%.

Four more years!

Do you have a link for those numbers, MP?  I just ask because TUS (The Usual Suspects) will claim it's not true.

Sheesh, I didn't know there was going to be homework! It's mostly from the Federal Reserve.

Inflation: https://fred.stlouisfed.org/series/CPIAUCSL

https://www.whitehouse.gov/cea/written-materials/2024/01/11/december-2023-cpi-report/#:~:text=Inflation%20as%20measured%20by%20the,more%20analysis%20of%20today's%20report).

Unemployment: https://fred.stlouisfed.org/series/UNRATE

Interest rates: https://fred.stlouisfed.org/series/FEDFUNDS

S&P return: https://www.macrotrends.net/2526/sp-500-historical-annual-returns#google_vignette

And no, I didn't do the research myself. I swiped it from a source known to be reliable in the past.

mp is known for posting numbers without context.  

1984 was the first year of President Reagan; who took office after the disaster that was carter.  Those number are an improvement from carter.  

Since most people were not alive in 1984, lets go with the real data since biden took office

Real income down 7.5%

Home affordability down 36.3%

Credit Card debt up 38.7%

Consumer debt delinquencies up 59% since last year

Other consumer debt delinquencies up from 1% to 1.4% since 2022

Monthly Savings down 79.3%

Inflation up 17.6%

Food up 20+%

Energy up over 30%

Leased Cars up 42%

Used Cars up 25.2%

With food, housing and energy all up 20+ to 30%, not sure how the inflation rate is only 17.6%

https://datavisualizations.heritage.org/markets-and-finance/the-biden-inflation-tracker/

Less people working in January than in July which means the job growth is people taking second & third jobs

https://tradingeconomics.com/united-states/employed-persons#:~:text=The%20number%20of%20employed%20persons%20in%20The%20United,2024%20from%20161183%20Thousand%20in%20December%20of%202023.

Edso, do you really think the usual suspects will ever admit how full of shit they are, regardless of what or how much data we provide? Their hero, the Turd, is clinging to two hopes for his campaign: one, the border "crisis" ("I alone can fix it") and two, that the economy sucks and he can make it bigly better. Both of those "issues" have blown up in his face.

Yesterday, Biden, when asked how he felt about Trump wanting to debate him immediately, smirked and said. "I can see why he wants to, he doesn't have anything else to do." Zing!

You're right, but really wanted to see the numbers myself without having to find them.  LOL

And wages have officially eclipsed inflation...Tom left that context out of his contextual bullshit....and that puts Tom's context in the same context as his rants about golf.   

But I digress

 while general  wages have gone higher,  union wages have gone through the roof.    Like better than ever.    Too bad Republicans have made it their mission to destroy unions over the years.    The ones that survived the Republican war on workers are really forcing corporations to share their wealth with the people who earn it for them instead of handing it all over to shareholders.     And it's nice to have a president that is on the right side of that dynamic.

Stupid Tommie-poo did not disappoint, with his usual basket of false and/or cherry-picked statistics.

I'm sorry to make you cry, Tom, but the economy is booming. Bidenomics is knocking it out of the park.

Stupid Tommie-poo.

And wages have officially eclipsed inflation

A couple of good months have not compensated for the 3 years of lost wages.  Real wages have decreased since he became president.

Says a bunch of guys that have no wages.......