Biden's Economic Performance Has Proved Unbeatable.

[elleng]

No first-year president going back to Carter comes close to matching the current White House occupant’s No. 1 or No. 2 ranking in each of 10 key measures.

U.S. financial markets are outperforming the world by the biggest margin in the 21st century, and with good reason: America’s economy improved more in Joe Biden's first 12 months than any president during the past 50 years notwithstanding the contrary media narrative contributing to dour public opinion.

Exceptional returns from dollar-denominated assets, especially the S&P 500 Index in both absolute terms and relative to its global counterparts, can be attributed to record-low debt ratios enabling companies to reap the biggest profit margins since 1950. Corporate America is booming because the Biden administration's Covid-19 vaccination programs and $1.9 trillion American Rescue Plan reduced the jobless rate to 4.2% in November from 6.2% in February, continuing an unprecedented rate of decline during the Covid-19 pandemic.'>>>

https://www.bloomberg.com/opinion/articles/2021-12-20/president-biden-s-economic-performance-has-proved-unbeatable

[lapucelle]

1. Spread this news far and wide!

[calguy]

2. As long as he's vulnerable on the inflation

The best numbers in history won't take away the attacks from the right.

[elleng]

3. 'vulnerable' if rationale and causation are not discussed.

Time for hard-hitting education, including change in terms= GREEDflation.

[WarGamer]

4. It's an incredibly difficult situation for the Biden administration.

It's like a train going down the track and a Y-junction is approaching. A left turn hurtles you off a cliff and a right turn hits an oncoming train.

To beat inflation, you basically have to create a recession. Because the prosperity itself... the success of the economy is what is driving inflation (for the most part).

JPow basically announced last week that mortgage rates will be 7-8% in 2024.

[elleng]

6. GREED is driving inflation, it's a BIG lie that prosperity is driving inflation.

https://m.facebook.com/watch/?v=281583490769969&_rdr

[Celerity]

5. 'Corporate America is booming'

probably not the best campaign slogan to run on

[elleng]

7. It CAN be done, imo.

https://m.facebook.com/watch/?v=281583490769969&_rdr

[Celerity]

8. but that video is (rightly so) criticising the corporate 'booming'

[elleng]

9. Right, Bob Reich was being polite in his words;

look at his pics. and this:

One big, largely ignored source of inflation: Corporate greed.…

https://www.facebook.com/watch/?v=326505992840417

[Celerity]

11. but your OP article is celebrating the corporate booming, thus my confusion now (and my saying

originally that running on 'corporate America booming' is hardly good campaign slogan)

your video contradicts the article

[elleng]

12. Not celebrating.

I guess the nuance of his complaint is too subtle.

[Celerity]

13. Reich is spot on ( and doesn't rely on nuance) the article by Winkler not so much.

That is my point. Winkler is saying corporate America booming is good. Reich is critiquing the booming.

[KentuckyWoman]

10. I'd call it a mixed bag.

Business is booming so fast they can't hardly get enough product or labor. The economic statistics nationwide of now vs where we started in Jan 2021 are really breathtaking. It is fantastically good.

However, too many individuals are losing even more ground. Sure, that might be temporary, and yes it seems to be less that in other places of the world, but it's painful none the less.

What it says to me is we absolutely have to increase the margins in the House and Senate - win more local and state seats as well. Otherwise the existing safety net that covers the gap is won't be expanded and it's likely to be destroyed.