In comparison to todays economy, how was the economy when Biden took office?

[kentuck]

Last edited Sun Oct 23, 2022, 07:16 PM - Edit history (1)

As I recall, we were in the middle of a worldwide pandemic and Biden was very instrumental in getting much of the population vaccinated. The economy had shut down in many places, the supply lines had been severely affected, with shortages in many products. The unemployment rate was very high, although many people were working from their homes.

There was a lot of government spending to help people that were in desperate straits, which did not help the inflation rate, although most economists see the present inflation as a world-wide problem.

With all the criticism of "Biden's economy", it is useful to understand where we were at when he took over the presidency.

[Walleye]

1. Trump's supporters like to say, oh he had the country humming everybody was working.

And completely ignore the fact that he was the first president since Hoover to leave office with negative job growth

[secondwind]

2. This should be plastered everywhere.

[maryellen99]

3. They also ignore the pandemic nt

[WarGamer]

4. It's difficult to grade the performance of the economy the last few years...

Trillions in pandemic spending... a job market turned upside down by the pandemic...

I don't see much use to using ANY data since January 2020 to analyze the economy.

It's just not a "normal time"

If there is ONE exception to the "President gets the blame" rule... this should be it.

I don't care if it was Trump, Biden, Bernie, Elizabeth Warren or frankly, Boris, Frau Merkel or Modi...

The economy would be in recession no matter the leader...

This is definitely an "asterisk" recession.

Unfortunately, voters have a long history of having temper tantrums at the ballot box.

[Mr.Bill]

5. Here's how I explain it to republicans:

You see, there's a secret set of knobs hidden in the White House. Every president has found them, so they must be in close proximity to the oval office, maybe in the medicine cabinet in the president's private bathroom, or somewhere like that. These knobs can turn the price of gas or the stock market up or down whenever he wants to. But Predident Biden has had the gas knob modified so thet he can turn it up or down far any country in the world. Clever guy, that Joe Biden.

I'll bet at a Trump rally you can probably find people who will believe every fucking word of that.