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The economy is “booming”!

But:

Wages are stagnant
Healthcare bankrupts people
Housing is unaffordable
Food is increasingly unaffordable.

This is not a good economy; it’s a good economy for the rich.
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whowasthatmaskedman · 70-79, M
It used to be that Americans generally could profit from other countries by forcing favorable trade deals on them. Those days are gone and now the rich are feeding off the working people, having thinned out the middle class. But at least they are leaving the rest of us alone now
😷
The economy is shrinking. But okay, the population certainly voted to work harder for less.
SW-User
@Reason10 Prove it
Reason10 · 70-79, M
@SW-User https://www.foxnews.com/official-polls/fox-news-poll-over-half-say-biden-administration-made-economy-worse

President Biden leaves office with negative job and personal ratings, as voters continue to give the economy bad marks — and say the White House failed to make improvements.

A new Fox News survey shows almost twice as many think the Biden administration has made the economy worse rather than better, 52% vs. 28%. Plus, nearly all voters, 89%, say they are either extremely or very concerned about inflation — up from 83% early in his term (2021).

https://www.heritage.org/press/heritage-expert-america-recession-no-matter-how-biden-tries-spin-it


“Over the last 18 months, Congress, President Biden, and the Federal Reserve set our nation up for disaster. The consequence is that we are now in a recession.

“The current economic situation is the consequence of profligate federal spending financed by printed money. Now, instead of acknowledging responsibility for their failed policies, the Biden administration chooses to play word games, just like they did with inflation. The latest of their verbal gymnastics is an attempt to redefine a ‘recession’ and deny the reality of the current moment. It adds insult to injury for hundreds of American families when the Biden administration engages in this Orwellian doublespeak. Make no mistake—while Biden officials debate the meaning of ‘recession,’ working and middle-class Americans have been living in one for months.

“Unlike the bureaucrats here in Washington, those American families have been feeling the economic pain and were well aware of the reality of this recession long before today’s numbers were released. By denying it’s even happening, the Biden administration is demonstrating just how out of touch they are.”


https://budget.house.gov/press-release/fact-check-setting-the-record-straight-on-bidenomics


Nearly 72 percent of all job gains since 2021 were simply jobs that were being recovered from the pandemic, not new job creation. In fact, when looking at today’s economy compared to pre-pandemic levels, employment is up only by 3.7 million, not 13 million.

On the other hand, in his first 2.5 years, job creation under President Trump was 5 million—1.3 million more jobs than the current President in the same time frame after factoring in the recovery from pandemic.

Biden's Policies Are Projected To Cause the Slowest Economic Growth In Almost a Century (9)

BIDEN CLAIM: “(President Biden) proved that a strong recovery and support for households brings more people into the workforce: a higher share of working age Americans are in the workforce now than at any time in more than 20 years and higher than on any day of the prior Administration.”

FACT CHECK: Labor force participation was stronger under President Trump.

The labor force participation rate remains 0.7 percentage points lower under Biden than it was when President Trump was in office.
When adjusting for population gains, nearly 2 million more Americans are on the sidelines today than they were during the previous Administration.

BIDEN CLAIM: Under President Biden, American families are “better off than before the pandemic: Americans have more net worth and higher inflation-adjusted disposable incomes and a lower uninsured rate.”

FACT CHECK: Wages are NOT keeping up with Biden’s inflation crisis.

Real wages are down over 5 percent since President Biden entered the Oval Office.
Since President Biden took office, the average worker has lost over $4,900 in real wages.


Those are the facts, and
SW-User
@Reason10 over half say lol

That’s an op-ed, nothing more 😂
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Reason10 · 70-79, M
The facts say otherwise, Adolf.

https://www.whitehouse.gov/articles/2025/03/president-trump-is-delivering-needed-economic-relief/

EGGS: The average wholesale price of eggs recorded another huge drop today as the Trump Administration fulfills its plan for long-term affordability by reversing the previous administration’s flawed approach.

On January 21, 2025, the wholesale price for eggs was $6.55/dozen; today, it’s $3.45/dozen — a $3.10/dozen (–47.3%) decrease.
The average wholesale price for eggs has declined for three straight weeks.

GAS: The nationwide average for gas continues falling as the Trump Administration implements its American energy agenda.

The nationwide average for gas has declined for four straight weeks — down ten cents from one month ago and 42 cents from one year ago.
More than two-thirds of gas stations in the U.S. have gas at $2.99/gallon or less, according to GasBuddy.
Average gas prices are currently at their lowest level for March in four years. At this point in Biden’s presidency, gas prices had already gone up 49 cents.
Average prices are below $3/gallon in a majority of states.
Alabama: Today: $2.74; One year ago: $3.18; Record: $4.63 (6/14/22)
Alaska: Today: $3.39; One year ago: $3.80; Record: $5.61 (6/19/22)
Arizona: Today: $3.34; One year ago: $3.71; Record: $5.39 (6/17/22)
Arkansas: Today: $2.72; One year ago: $3.08; Record: $4.54 (6/14/22)
California: Today: $4.66; One year ago: $4.90; Record: $6.44 (6/14/22)
Colorado: Today: $2.93; One year ago: $3.06; Record: $4.92 (6/21/22)
Connecticut: Today: $3.00; One year ago: $3.36; Record: $4.98 (6/14/22)
Delaware: Today: $2.87; One year ago: $3.29; Record: $4.99 (6/14/22)
District of Columbia: Today: $3.20; One year ago: $3.61; Record: $5.26 (6/13/22)
Florida: Today: $3.10; One year ago: $3.47; Record: $4.89 (6/13/22)
Georgia: Today: $2.89; One year ago: $3.36; Record: $4.50 (6/15/22)
Hawaii: Today: $4.52; One year ago: $4.69; Record: $5.62 (7/9/22)
Idaho: Today: $3.18; One year ago: $3.37; Record: $5.25 (7/1/22)
Illinois: Today: $3.24; One year ago: $3.71; Record: $5.56 (6/13/22)
Indiana: Today: $2.93; One year ago: $3.53; Record: $5.24 (6/9/22)
Iowa: Today: $2.88; One year ago: $3.19; Record: $4.76 (6/15/22)
Kansas: Today: $2.79; One year ago: $3.16; Record: $4.67 (6/15/22)
Kentucky: Today: $2.68; One year ago: $3.14; Record: $4.80 (6/11/22)
Louisiana: Today: $2.71; One year ago: $3.13; Record: $4.56 (6/15/22)
Maine: Today: $3.03; One year ago: $3.28; Record: $5.09 (6/16/22)
Maryland: Today: $3.02; One year ago: $3.51; Record: $5.02 (6/14/22)
Massachusetts: Today: $2.96; One year ago: $3.25; Record: $5.05 (6/12/22)
Michigan: Today: $3.03; One year ago: $3.64; Record: $5.22 (6/11/22)
Minnesota: Today: $2.96; One year ago: $3.21; Record: $4.76 (6/15/22)
Mississippi: Today: $2.63; One year ago: $3.03; Record: $4.53 (6/12/22)
Missouri: Today: $2.79; One year ago: $3.21; Record: $4.68 (6/16/22)
Montana: Today: $3.11; One year ago: $3.48; Record: $4.98 (6/19/22)
Nebraska: Today: $2.93; One year ago: $3.19; Record: $4.79 (6/17/22)
Nevada: Today: $3.73; One year ago: $4.18; Record: $5.68 (6/16/22)
New Hampshire: Today: $2.92; One year ago: $3.18; Record: $5.00 (6/13/22)
New Jersey: Today: $2.91; One year ago: $3.25; Record: $5.06 (6/13/22)
New Mexico: Today: $2.83; One year ago: $3.25; Record: $4.83 (6/15/22)
New York: Today: $3.11; One year ago: $3.37; Record: $5.04 (6/14/22)
North Carolina: Today: $2.75; One year ago: $3.32; Record: $4.67 (6/13/22)
North Dakota: Today: $2.99; One year ago: $3.30; Record: $4.80 (6/15/22)
Ohio: Today: $2.90; One year ago: $3.22; Record: $5.07 (6/9/22)
Oklahoma: Today: $2.66; One year ago: $3.08; Record: $4.67 (6/15/22)
Oregon: Today: $3.72; One year ago: $4.06; Record: $5.55 (6/15/22)
Pennsylvania: Today: $3.21; One year ago: $3.58; Record: $5.07 (6/12/22)
Rhode Island: Today: $2.92; One year ago: $3.21; Record: $5.02 (6/13/22)
South Carolina: Today: $2.72; One year ago: $3.24; Record: $4.61 (6/12/22)
South Dakota: Today: $2.93; One year ago: $3.23; Record: $4.80 (6/16/22)
Tennessee: Today: $2.70; One year ago: $3.09; Record: $4.64 (6/12/22)
Texas: Today: $2.65; One year ago: $3.07; Record: $4.70 (6/15/22)
Utah: Today: $3.03; One year ago: $3.34; Record: $5.26 (7/1/22)
Vermont: Today: $3.13; One year ago: $3.30; Record: $5.06 (6/14/22)
Virginia: Today: $2.89; One year ago: $3.37; Record: $4.87 (6/14/22)
Washington: Today: $4.08; One year ago: $4.30; Record: $5.56 (6/16/22)
West Virginia: Today: $2.85; One year ago: $3.26; Record: $4.93 (6/15/22)
Wisconsin: Today: $2.87; One year ago: $3.32; Record: $4.92 (6/12/22)
Wyoming: Today: $3.01; One year ago: $3.11; Record: $4.90 (7/1/22)


We are better off TODAY than we were under PRESIDENT AUTOPEN.

Those are the facts. and
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whowasthatmaskedman · 70-79, M
@Reason10 I love how something like bird flu can be used to say that the economy is improving. By all means lets ignore the crops in the farmers fields they cant harvest. And if they could, they couldnt sell them. Lets ignore the extra $trillions added to the forerign debt that will never be paid back. (The interest alone now equale 18% of the GNP) and lets ignore the long term treasury bond rates rising. Meaning that interest bill is going to get way worse.
Even then. I notice you looking at the wholesale egg prices, to dodge the issue of retail price gouging.. Man does not live by eggs alone..😷
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Reason10 · 70-79, M
@SW-User Trump inherited the WORST ECONOMY OF THIS CENTURY. And we're STILL better off today, Adolf.
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Reason10 · 70-79, M
@SW-User PRESIDENT AUTO PEN INCREASED INFLATION. He CAUSED it.

PRESIDENT TRUMP took three months to lower prices and get us back on track.

 
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